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57. Ascott to Acquire Luxury Hotel in London
Ascott has signed an agreement to acquire a prime hotel operating in London for Ł158.8 million (S$311 million). Ascott will manage the 230-unit hotel, The Cavendish London, in the fourth quarter of 2012. The hotel, which has a rich heritage dating back to the 1960s, will be subsequently transformed into a serviced residence under the Ascott The Residence brand and will be named Asc
58. Strong H1 2012 Numbers for Amadeus
Amadeus IT Holding has reported its year-on-year financial and operating results for the first half of 2012 (six months ended 30 June 2012). Adjusted profit for the first half increased 26.1% to reach €332.5 million, due principally to the substantial reduction in interest expense. This was backed by growth in revenue of 8.6% to €1,508.9 million and a 6.1% rise in EBITDA to €606.9
59. Sustainable Cruise Project Launched
A project has been launched to provide stimulus for the implementation of the EU Directive on waste on board ships and to create incentives for waste reduction, recycling collection, and reuse. The Sustainable Cruise project is co-funded by the European Commission by means of the LIFE+ Programme, the EU’s funding instrument for innovative or demonstration environmental projects.
60. Thai Airways Int. Launches Mobile 2D Barcode Boarding Passes
Thai Airways International has launched a Mobile 2D Boarding Passes service for passengers who check-in online through smartphones traveling domestic flights departing from Suvarnabhumi Airport, Chiang Mai, and Phuket.
61. Hotel Fort Canning Opens with Charity Gala Dinner
Hotel Fort Canning officially opened on 27 July 2012 with a charity gala dinner supporting Club Rainbow Singapore. The event not only celebrated Hotel Fort Canning in preserving one of Singapore’s historical landmarks but also commemorated the charity’s 20th anniversary.
62. Kevin Furrer Appointed General Manager of Swissôtel Resort Phuket
Mr. Kevin Furrer has been appointed as General Manager of Swissôtel Resort Phuket. He has been with the company since 2004 and was most recently Acting General Manager at Swissôtel Nai Lert Park, Bangkok.
63. Regal Signs New Hotel in Yantai, Shandong
Regal Hotels International has signed a new 5-star hotel project with Furao Group in Yantai of Shandong province, China. The Regal Furao Hotel, Yantai is scheduled to open in Q3 2015.
64. Etihad Cargo Carries Record Tonnage in July
Etihad Cargo, a division of Etihad Airways, has posted record monthly figures for July with network volumes approaching 33,000 tonnes, an increase of 18% on the same month last year. The figures surpass a previous month record of 31,700 tonnes which Etihad Cargo carried in March 2012.

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