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9. Ascott Expands FUM with Acquisition of Two Properties in Paris and Hanoi: Ascott has entered into separate agreements to acquire two properties in Paris, France and Hanoi, Vietnam for about S$210 million (approximately US$156 million). The acquisition of the two properties through the Ascott Serviced Residence Global Fund (ASRGF), Ascott’s private equity fund with Qatar Investment Authority, will boost Ascott’s total fund assets under management (FUM) to

10. CNN Launches 'Go There Media Fund' at WTM 2017 in London: CNN has launched the 'Go There Media Fund' to provide travel and tourism expertise to distressed destinations and countries recovering from natural disasters. Dr Rifai will join Rani Raad, international tourism and development advisor Anita Mendiratta, and other industry luminaries and experts on the advisory board of CNN's 'Go There Media Fund'.

11. Tourism Australia to Target Asia with New Marketing Fund: The fund will deliver an additional A$61 million to the Tourism Australia budget over forward estimates (the next four years) and is ongoing. The first year of the fund, (2012-13), will deliver A$8.5m followed by A$14m, A$17.5m, and A$21m over the following three years out to the 2017 financial year.

12. Japan Airlines Establishes Corporate Venture Capital Fund: Japan Airlines has established a Corporate Venture Capital Fund (CVC) firm, it has called Japan Airlines Innovation Fund. The company will look to invest in startup companies around the globe to create new values that are one step ahead of its competitors, a target raised in JAL`s Medium Term Management Plan 2018.

13. Taipei Chosen for citizenM’s First Hotel in Asia Pacific: Artyzen Hospitality Group, through Artyzen citizenM Asia Limited, has been awarded the contract by an entity controlled by Alpha Asia Macro Trends Fund II to operate and manage citizenM’s first hotel in Asia Pacific. The Fund is managed by Alpha Investment Partners, the property fund management arm of Singapore developer, Keppel Land.

14. Royal Caribbean International Taps into Singapore's Fly-Cruise Development Fund: Royal Caribbean International Taps into Singapore's Fly-Cruise Development Fund. Royal Caribbean International (RCI), which recently announced its return to Asia in December 2007, is the latest cruise operator to tie up with the Singapore Tourism Board on a series of marketing initiatives under the recently-launched Singapore Fly-Cruise Development Fund.