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9. U.S. Hotel Industry Profit Margin Surpasses 2007 Peak
Results of STR’s 25th annual HOST Almanac indicate that U.S. hotel industry revenue topped an estimated US$189 billion in 2015, adding nearly US$14 billion in revenue from 2014. Total industry-wide house profit reached almost US$73 billion, a year-on-year increase of 9.4% on a per available room basis. On an absolute nominal basis, the house profit represents an all time high, and
10. AirAsia X Reports Q1 2016 Preliminary Operating Results
AirAsia X Berhad, the long-haul, low-cost airline affiliate of the AirAsia Group, has reported its Q1 2016 preliminary operating statistics. The airline’s passenger load factor (PLF) grew 8 percentage points to 82% in Q1 2016 from 74% in the same period last year. In terms of passenger traffic, revenue passenger kilometres (RPKs) increased 19% year-on-year mainly due to strong traf
11. Airlines in Asia Pacific to Start Taking Ancillary Revenue More Seriously
Amadeus has revealed that while more than 50% of European and Middle Eastern airline bookings through the Amadeus system were already eligible to include ancillaries and fare family content in 2015, that figure was just 33% for Asia Pacific airlines.
12. Asia Pacific Welcomed 570 Million Int. Arrivals in 2015; Myanmar Up 52%
Destinations across Asia Pacific in aggregate welcomed 570 million foreign arrivals in 2015, setting a new record for international arrivals into the region. Aggregate annual growth was 4.1%, with 8 of the 11 Asia Pacific sub-regions producing annual growth rates above that of the Asia Pacific average, ranging as high as 8.7% for Oceania and 8% for Southeast Asia.
13. Kathleen Taylor Elected as Director of Air Canada
Kathleen Taylor has been elected as a director of Air Canada. Ms. Taylor is the former President and Chief Executive Officer of Four Seasons Hotels and Resorts where she served in a variety of senior leadership roles during her 24-year career.
14. Mövenpick Siam Hotel Pattaya Partners Ocean Marina Yacht Club
The Mövenpick Siam Hotel Pattaya has partnered with the Ocean Marina Yacht Club to offer guests a range of sailing experiences. Yachts include the 25-person capacity, 53ft sailing catamaran Siamese Twin for THB50,000++ per day including captain and crew, fuel, state of the art equipment such as VHF radio, GPS rudder, SATNAV, living quarters and four bedrooms. Other boats include th
15. Czech Airlines and airberlin to Codeshare
Czech Airlines and airberlin have entered into a codeshare agreement. Passengers on airberlin will benefit from a better connectivity between Germany and the Czech Republic or Slovakia, while Czech Airlines customers will be able to enjoy direct flights between Prague and Berlin as well as daily connections to Keflavik in Iceland.
16. Air Serbia Takes Delivery of First Wide-Body Aircraft
Air Serbia has taken delivery of its first wide-body aircraft. The Airbus A330 will be used on Air Serbia’s Belgrade-New York route, which launches on 23 June 2016, reconnecting Serbia and the United States with direct air service for the first time in 24 years. After landing at Nikola Tesla Airport in Belgrade, the aircraft was greeted by a traditional water cannon salute and a de

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