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121. STR and Tourism Economics Forecast Rise in ADR, OR, and RevPAR for US Hotel Industry
For 2016, the U.S. hotel industry is predicted to report a 0.6% increase in occupancy to 65.9%, a 4.4% rise in ADR to US$125.30 and a 5.0% increase in RevPAR to US$82.60. During that same period, demand growth (+2.3%) is expected to outweigh supply growth (+1.7%).
122. CargoLogicAir Awarded AOC by UKs Civil Aviation Authority
CargoLogicAir (CLA), the new British all-cargo airline, has been awarded an Air Operator Certificate (AOC) by the UKs Civil Aviation Authority. Headquartered at Londons Stansted Airport, CargoLogicAir plans to offer cargo services on scheduled and charter flights with Europe.
123. Dragonair to Become Cathay Dragon
Cathay Pacifics wholly owned sister airline Dragonair is to be rebranded as Cathay Dragon. The two will remain as separate airlines, operating under their own licences. Since Dragonair became a wholly owned subsidiary of Cathay Pacific in 2006, it has added 23 new destinations and the number of passengers travelling across both carriers has grown five times to more than 7 million
124. Shilla Stay Opens Hotel in Guro, Seoul
Spanning 25 floors, Shilla Stay Guro comprises 310 guestrooms each featuring 100% Hungarian goose-down bedding and Aveda bathroom amenities. Guests can choose from three room categories: Standard Rooms, Deluxe Rooms, or Grand Rooms. A five-minute walk from the Guro Digital Complex Station, Shilla Stay Guro enjoys easy access to Seouls tech hub and IT industry. The hotel is within
125. Dusit Signs Devarana Resort in Haikou, Hainan
Dusit has signed an agreement with Hainan Jinxiu Industrial Company Limited to manage a Dusit Devarana Resort in Haikou City, Hainan Province. Scheduled to open in 2018, the Dusit Devarana Resort, Haikou West is located within a 15-minute drive from the city centre and a 30-minute drive from Haikou Meilan International Airport. The resort will offer 108 guest rooms and villas.
126. Mvenpick Siam Hotel Pattaya Appoints Hayden Edgtton as General Manager
Hayden Edgtton has been appointed as General Manager of the new Mvenpick Siam Hotel Pattaya. The 262-room property, which opened on 6 February 2016, is located next to the Ocean Marina Yacht Club just 15 minutes south of Pattaya City and 20 minutes from U-Tapao International Airport.
127. Iran Air Signs Deal for 40 ATR 72-600s
ATR has signed a deal with Irans national flag carrier Iran Air for 40 ATR 72-600s. The agreement includes firm orders for 20 aircraft plus 20 options, and is valued at one billion euro. The deal marks the arrival of the newest generation ATRs in Iran, where the first aircraft have been operating since 1992. This freshly open market provides a strong potential for the development
128. Cebu Pacific to Launch Cabin Crew Recruitment Drive
To support its expansion plans and growing fleet, Cebu Pacific will hold eight recruitment fairs in Manila, Cebu and Davao between February and October 2016. The recruitment fairs are scheduled on the following cities and dates: Manila (Cebu Pacific Office, Pasay) on 6 February, 30 April, 4 June and 15 October; Cebu (Summit Circle Cebu) on 20 February and 9 July; and Davao (Royal M

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