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73. Thailand’s Minor Hotel Group Reports 38% Net Profit Growth in 2015
Thailand-based Minor Hotel Group (MHG) has reported a 38% year-on-year increase in net profit for 2015. The increase in net profit is largely attributable to the improved performance of Oaks Hotels & Resorts, a strong increase in real estate income and revaluation gains of Baht 670 million from business acquisitions relating to the Sun International and Oaks Elan Darwin transaction
74. Mövenpick Hotels & Resorts continues Middle East expansion
Mövenpick Hotels & Resorts continues Middle East expansion.
75. Thai Airways to Sell Unused/Under-Utilized Properties
Thai Airways International has unveiled plans to sell properties in Thailand and overseas which are unused or not fully utilized. Mr. Charamporn Jotikasthira, Thai Airways’ President, said that property management is part of the company’s transformation plan in order to reduce repair and maintenance expenses.
76. Andrew Turner Joins Mantra Group as Vice President Acquisitions - Asia
Following a record year of acquisitions and growth in 2015, Mantra Group has appointed well-known hotel industry executive, Andrew Turner to the newly created position of Vice President Acquisitions, Asia. Based at Mantra Group’s new regional office in Singapore, from late February, Andrew will drive the group’s expansion into new Asian markets.
77. Inmarsat Opens 1,700 sqm Office in Toa Payoh, Singapore
Inmarsat has opened a new office in Singapore, the company’s largest facility in the Asia Pacific region. Inmarsat’s investment in the 1,700 sq metre (19,500 sq feet) office in Toa Payoh, sees the company’s regional hub providing a new solutions lab, demonstration capabilities, training rooms, a knowledge centre and support centre, in addition to enhanced production and storage fac
78. Starwood Signs Alpine Escape in Aspen
W Hotels Worldwide, part of Starwood Hotels & Resorts, will debut its second alpine escape - and first in North America - in Aspen. The W Aspen and The Sky Residences at W Aspen are scheduled to open in time for the 2017 winter ski season. W Aspen, formerly the Sky Hotel, will be developed by a joint venture between Sarpa Development and the hotel’s owner, Northridge Capital. Situa
79. Scoot Signs Interline Agreement with Virgin Australia
Scoot and Virgin Australia have signed an interline arrangement which will extend to all Virgin Australia flights into Hobart and Launceston. Scoot, the low-cost, medium-haul arm of the Singapore Airlines Group, operates an all Boeing 787 Dreamliner fleet to 18 destinations in eight countries/regions, including non-stop services from Singapore to Sydney, Gold Coast, Perth and Melbo
80. Philippine Airlines HD Video Interview with Jaime J. Bautista, President & COO
Exclusive HD video interview with Jaime J. Bautista, President & Chief Operating Officer (COO) of Philippine Airlines. In this interview, filmed after rearranging the Chairman's office at PAL's headquarters in Manila, we discuss how the airline's profits for 2015 compare to those of 2014 and what expectations there are for 2016. We discuss the airline's fleet retirement plans as we

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