open a new tower\u00a0on Jeju Island on November 29.\u00a0The new complex will include 850 hotel rooms.<\/a> The complete Grand Hyatt hotel with its two 38-floor towers covers a total floor area of 303,737 square metres.<\/p>\n\n\n\nEarlier this year,\u00a0a Covid-19 outbreak on Jeju Island in South Korea caused a large number of holiday bookings to be cancelled<\/strong>\u00a0and delayed travel bubble negotiations with neighbouring countries.\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"Lotte Tour Development Co Ltd revealed it has sold more than 8,000 room nights as part of its year-end sale at Jeju Dream Tower.<\/p>\n","protected":false},"author":176,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"Lotte Tour Development Co Ltd's Jeju Dream Tower achieved significant sales, moving over 8,500 room packages in 70 minutes during a year-end promotion, with expectations to exceed 10,000. This operational success follows the June opening of its casino and precedes the November 29 launch of a new tower, indicating robust demand despite prior COVID-19 impacts.","focusai_entities":"Lotte Tour Development Co Ltd, Jeju Dream Tower, Grand Hyatt, Asian Gaming Brief","focusai_location":"South Korea, Jeju Island","focusai_target_profile":"ceo_executive (0.9), operator_casino (0.9), marketing_crm (0.8), investor_analyst (0.95), supplier_vendor (0.75), journalist_researcher (0.85)","focusai_suggestions":[{"label":"Jeju Dream Tower GGR Outlook?","query":"What is the projected Gross Gaming Revenue (GGR) impact of this sales performance and the new tower opening on Jeju Dream Tower's Q4 and FY2023 financial results?"},{"label":"Market Share Implications?","query":"How does Lotte Tour Development's current sales velocity and expansion strategy position it competitively within the South Korean integrated resort market, particularly concerning foreign visitor segments?"}],"footnotes":""},"categories":[157,16338,158],"tags":[23765,23851],"class_list":["post-24362","post","type-post","status-publish","format-standard","hentry","category-business-news","category-east-asia-news","category-slider-home","tag-jeju-dream-tower","tag-lotte-tour-development"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/24362","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/users\/176"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=24362"}],"version-history":[{"count":4,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/24362\/revisions"}],"predecessor-version":[{"id":24379,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/24362\/revisions\/24379"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=24362"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=24362"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=24362"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}