China's Hotel Boom Fuelled by Dramatic Rise in Travel Industry

HONG KONG--(Business Wire)--
Sino Express Travel Limited (OTC:SXPT) is encouraged by recent
reports confirming China's hotel boom. China, already the fourth most
popular tourist destination, according to the World Tourism
Association, is expected to move to the second position within a
decade and surpass the U.S. as the world's most-visited country by
2020 with some 130 million visitors a year. The number of domestic
tourist soared to 1.61 billion in 2007, an increase of 15.5% from
2006.

China's hotel industry shows strong momentum; according to China
Statistical Yearbook, the number of hotels in China increased at an
average annual growth rate of 20.12% for the period 1998 - 2006. China
had 12,751 star-rated hotels in 2006 and could reach over 15,000 by
the end of 2007. There were 1,689 budget hotels with over 180,000
guest rooms in 2007. The hotel occupancy rate had been consistently
high over the years (66-70% for three to five-star hotels and 88-92%
for budget hotels). From these reports, Sino believes there is ample
demand to fill more hotel rooms. Sino has previously announced
development plans for its Southern Silver Resort & Beach property in
Yangjiang and a potential property acquisition in Chengdu for hotel
renovation. Sino will continue its search for high value properties in
good locations that are close to scenic spots or tourist destinations,
and it is looking at some targets in Hunan and Xian.

About Sino Express Travel Limited

Sino Express Travel Limited (www.sinoexpresstravel.com) is an
investor and developer of scenic spots and tourist destinations in
China. Sino intends to grow its business by acquiring and operating a
diversified portfolio of resort hotels and tourist attractions. It
plans to search for good value targets at suitable locations in China
with high potential for further development in the areas of scenic,
cultural and historical extensions.

Forward looking statement

Certain information contained in these materials is
"forward-looking" information, such as projections, estimates, pro
formas, or statements of intentions, expectations or plans. All
forward-looking information is subject to known and unknown risks and
uncertainties, many of which are outside of the control of the
company. Consequently, actual results may, and probably will, differ
materially from the results contemplated in such forward-looking
information.

Sino Express Travel Limited
Jinghui Wang, (86) 20-83346112
ir@sinoexpresstravel.com

Copyright Business Wire 2008