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161. Air Freight Growth Slowed to 2.2% in 2015
Cargo in Asia Pacific, accounting for around 39% of freight traffic, expanded by a moderate 2.3%. Asia Pacific carriers were basically flat in December, expanding just 0.1%. For the whole of 2015, the region grew 2.3%. The FLF for 2015 was 53.9%, the highest of any region. Cargo expansion in the region has been hampered by a shift in Chinese economic policy to favour domestic cons
162. Demand for Air Travel in 2015 Strongest Result in Five Years
Asia Pacific carriers recorded a demand increase of 8.2% compared to 2014, which was the largest increase among the three largest regions. Demand was stimulated by a 7.3% increase in the number of direct airport connections in the region, resulting in time-savings for travelers. Capacity rose 6.4%, pushing up load factor 1.3 percentage points to 78.2%.
163. Hotel Investment Volumes Expected to Reach US$8.5 Billion in Asia Pacific in 2016
A report released by JLL Hotels & Hospitality Group reveals that Asia Pacific is expected to attract US$8.5 billion in hotel investment in 2016. In 2015 more than 33,000 hotel rooms changed hands in Asia Pacific, adding up to a total of US $9.2 billion in transactions. Leading the pack in terms of investment activity was Japan, followed by Australia and Hong Kong. The blockbuster t
164. GKN Aerospace to Supply Engine Shafts for CJ1000 Development Programme
GKN Aerospace has signed a contract with AVIC Commercial Aircraft Engine Co, Ltd. (ACAE) of China to supply low pressure turbine (LPT) shafts for the new CJ1000 high-bypass turbofan jet engine - being developed to power Chinese commercial jet airliners.
165. TripAdvisor Expands Instant Booking for Hotels to Nine English-Speaking Countries
TripAdvisor has expanded instant booking for hotels to nine English-speaking countries, including Singapore, Malaysia, Philippines, India, Australia, New Zealand, Canada, Ireland and South Africa. Travellers in these markets are now able to book a hotel on all of TripAdvisor’s platforms, desktop and mobile, without leaving the site.
166. Best Western Opens Hotel in Faisalabad, Pakistan
Best Western Hotels & Resorts has opened its first hotel in the city of Faisalabad, Pakistan. The Best Western Faisalabad Hotel is located in the Punjabi city’s central business district, just steps away from the scenic Jinnah Gardens - the green heart of Faisalabad. Guests can choose from a choice of 30 air-conditioned rooms, all equipped with comfortable beds, spacious bathrooms,
167. Singapore Expo Installs New Wi-Fi System
The Singapore Expo Convention and Exhibition Centre has installed Wi-Fimax, a new high-speed Wi-Fi system. With this enhanced system, all visitors to Singapore Expo and its convention wing Max Atria can enjoy a complimentary Wi-Fi service of up to 2 Mbps with immediate effect.
168. Accor Opens 508-Room Grand Mercure Qingdao Nanshan Resort
AccorHotels has expanded its portfolio of Grand Mercure hotels in China with the opening of the 508-room Grand Mercure Qingdao Nanshan Resort. This is the second property under the Grand Mercure brand to debut in Qingdao following the opening of Grand Mercure Qingdao Airport, and the fourteenth hotel to join the brand’s network in Greater China.

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