“We already have more than 4,000 reservations for the next three months waiting to be confirmed.”
— Brian Shin, CEO of Micronesia Resort Inc., a subsidiary of E-Land Group, which does business in the Northern Mariana Islands as Kensington Hotel, Pacific Islands Club and Coral Ocean Golf Resort.
He was talking about the Korean visitor market “bubble,” which launched through the Tourism Resumption Investment Plan or TRIP, a “program to provide subsidies to airlines, hotels, travel agencies, and related businesses to help jumpstart tourism.” Shin is a member of the Governor’s Council of Economic Advisors, which submitted his comments on the TRIP to the Journal. Airlines with less than a 40% passenger load receive subsidies, according to Journal files.
