The owner of the Regent International hotel chain yesterday revealed an aggressive US$100 million global expansion plan that includes Hong Kong and China, but investment in Bali will be put off indefinitely. Jay Witzel, president of Carlson Hotels Worldwide, owner of Regent International Hotels and Radisson Hotels & Resorts, said about 10 per cent of bookings at its two Bali resorts had been cancelled following last weekend's bomb blasts. The two luxury resorts, Radisson Bali and Radisson Suites Bali, targeted travellers from Australia and New Zealand, he said. Under the group's new business plan for the Asia-Pacific, Bali was among the leisure destinations for the Regent and Radisson to develop in coming years. However, Mr Witzel said: 'We are certainly not investing in Bali right now. It will take two to three quarters to determine the long-term impact on tourism. 'We have to wait and see what are the circumstances in Indonesia . . . what exactly will happen to the economy and tourism in Bali.' Paul Kirwin, president and managing director of Carlson Hotels Asia-Pacific, said the Bali cancellations would not have a dramatic impact on the group, despite its resorts there accounting for about 12 per cent of its revenue in the region. The group has 37 properties in the Asia-Pacific out of 815 hotels worldwide. Mr Kirwin expected that tourism on the resort island would take up to two years to recover from last weekend's devastating attack. Mr Witzel stressed that the group was 'not losing our interest in Bali'. Despite the effect on tourism from the bombing, Mr Witzel believed the region still offered the highest return on investment compared with the United States and Europe. His optimism comes in light of the group's plan to add up to 75 new hotels in the Asia-Pacific by 2007, with Hong Kong and China as its focus. The group aims to expand its brand in the region to more than 100 locations in the next five years. In Hong Kong, the Regent was negotiating with several hotel properties either for management contracts or equity acquisitions, Mr Kirwin said. 'The properties we are looking at today are existing hotels without a brand,' he said. Mr Kirwin said the group was also interested in bidding for the hotels in Hong Kong Disneyland, if the theme park offered tenders. Yesterday, Carlson Hotels Asia-Pacific signed a 10-year management contract for a 337-room luxury hotel in Beijing. The hotel, to be named the Regent Beijing, at Junefield Plaza near Tiananmen Square, is due to be opened in 2004. The group now has seven complexes in its mainland portfolio. Last year, the privately run global hotel chain generated sales of US$6.8 billion.