Emirates, which this year got Australian approval to build a hotel resortoutside Sydney, aims to complete the 472-room Seychellessite at Mahe in 2010, the airline’s president, Tim Clark, told reporters in Dubai.
“This is just the beginning,” Clarksaid.
Emirates is considering locations in India, Sri Lanka and east Africa tobuild similar hotel resorts, capitalising on its expanding network ofdestinations that stretch from Sydney to New York.
The Dubai government-owned carrier expects torecoup its Seychellesinvestment within eight to nine years, and achieve a 17 percent rate of return,Clark said.
Emirates is spending A$85 million ($70.5 million) on its Wolgan Valleyresort in the Blue Mountains west of Sydney.