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57. STR Releases Preliminary Data from 2012 Global Profitability Survey
In China, Tianjin GOPPOR increased by 19.5% year on year in 2011 as RevPAR grew by 18.2%. Tianjin reported increasing rooms department profit (+2.4%) whilst F&B profit declined by 8.8%. In Delhi, India, declining rate and occupancy in 2011 led the city RevPAR to decrease year on year by 14.2% to US$114.53. As a result, room department profit POR declined by US$22.08, leading GOPPOR
58. Ascott Expands China Portfolio with Three New Properties
Ascott Expands China Portfolio with Three New Properties. The 105-unit Somerset International Building Tianjin is Ascott’s latest acquisition through its private equity fund, Ascott China Fund. The 249-unit Citadines Zhuankou Wuhan is Ascott’s first property in Wuhan while the 251-unit Citadines Gaoxin Xi’an is one of the company’s four properties in Xi’an.
59. Bombardier Strengthens Support Capabilities for Business Jet Customers in China
Bombardier’s Service Centre in Tianjin has received Authorized Service Centre status from engine manufacturers Rolls-Royce, GE and Honeywell
60. ExecuJet to Launch Business Aircraft Maintenance and Management Company in China
ExecuJet to Launch Business Aircraft Maintenance and Management Company in China. ExecuJet Haite Aviation Services China Co. Ltd will be based at Tianjin Binhai Airport and will offer aircraft management and maintenance services, to be expanded in due course to include a Fixed Base Operation (FBO).
61. Ascott Signs Six New Serviced Apartments in China
Ascott has signed contracts to manage six properties with more than 1,200 apartment units in China. The new properties entrench Ascott’s presence in Changsha, Shenzhen, Tianjin and Wuhan, while extending its footprint to two more cities – Handan and Xuzhou.
62. Frasers Hospitality signs 10 New Serviced Residences in China
Frasers Hospitality signs 10 New Serviced Residences in China. Frasers Hospitality is to manage 10 new gold standard serviced residences across China by 2009; five of them before the Beijing Olympics. Frasers already operates two properties in Shenzhen. The 10 new serviced residences will be in Nanjing, Chengdu, Tianjin, Guangzhou, Shanghai, Hong Kong and Beijing.
63. Airbus Transports First Aircraft Segments to Assembly Line in China
Airbus Transports First Aircraft Segments to Assembly Line in China. Airbus has started transporting the first aircraft segments to its new single-aisle assembly line in Tianjin, China. The assembly process of the first aircraft, which is for Sichuan Airlines, will start in August 2008. Delivery of the aircraft is scheduled for the first half of 2009.
64. Christian Metzner Appointed General Manager of The Andaman, Langkawi
Christian Metzner has been appointed as General Manager of the The Andaman, a Luxury Collection Resort on Langkawi Island in Malaysia. Christian joins the 178-room resort from the The Astor Hotel, a Luxury Collection Hotel in Tianjin, where he was General Manager from April 2012.

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