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57. Tune Signs New Hotel in Alor Setar
Tune Hotels has expanded its portfolio of hotels in Malaysia with the signing of a Tune Hotel in Kedah’s state capital of Alor Setar. Bangunan HBR in Jalan Langgar will be refurbished to house the 88-room Tune Hotel Alor Setar that is scheduled for opening by the end of November 2014. A signing ceremony was held on Monday between HBR Group and Bank Kerjasama Rakyat Malaysia Berhad
58. Mantra Group Announces IPO
Mantra Group Limited (Mantra Group) has announced a fully underwritten Initial Public Offering (IPO) at $1.80 per share. Mantra Group Ltd’s share market capitalization at the IPO price will be $449 million which equates to an enterprise value of $538 million. The shares offered through the IPO will represent approximately 53% of the shares on issue upon listing.
59. Hilton Singapore improves Guest Experience with Room Refurbishment
Hilton Singapore improves Guest Experience with Room Refurbishment. The Hilton Singapore, one of Singapore’s leading business hotels, has refurbished its rooms and suites, as well as the Executive Lounge and key function areas of the Orchard Road landmark. The refurbishment was directed by noted international hospitality designers Bent Severin and Associates, known for their work w
60. G Hotel Kelawai Opens in Penang
The G Hotel Kelawai in Penang has opened for business. The hotel features of 208 rooms which have been broken down into 143 Deluxe rooms that are 35sqm, 20 Executive Rooms which measure 35sqm, 43 Executive Premier rooms at 45sqm and 2 Premier Suites of 82sqm each. Every room comes with Serta bed, 300-thread count linen, Herman Miller working chair, docking station, alarm clock, iro
61. U Tropicana Alibaug Appoints New GM
Mr. Rakesh Kunwar has been appointed as General Manager of the U Tropicana Alibaug. Kunwar has many years of experience with many well-known hotels in India. His last position prior to joining U Tropicana Alibaug was with The Pride Hotel Ahmedabad as rooms division manager.
62. Swiss-Belhotel Hefei Completes Refurbishment; Opens 56 New Rooms
Swiss-Belhotel Hefei has completed a major refurbishment and increased its room inventory. Located in the new economic High Tech Zone of the Anhui province capital, Swiss-Belhotel Hefei now delivers 245 rooms and suites after converting two floors (11 and 12) into an additional 56 rooms. The former inventory was 189 rooms.
63. Air Astana Joins AAPA
Air Astana has been inducted as a full member of the Association of Asia Pacific Airlines (AAPA). Commenting at the IATA Annual General Meeting in Doha, Mr. Andrew Herdman, AAPA Director General said,
64. Continued Growth in RevPAR and ADR Expected for Hotels in U.S.
The U.S. hotel industry is expected to continue to report performance increases in the remainder of 2014 and in 2015, according to STR and Tourism Economics’ most recent forecast. In 2014, the U.S. hotel industry is predicted to report a 1.4% increase in occupancy to 63.1%, a 4.2% rise in ADR to US$115.00 and a 5.7% gain in RevPAR to US$72.55.

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