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49. Fiji Airways Reports H1 2014 Results
Fiji Airways Group today reported its unaudited interim results for the first half of 2014, announcing an increase in operating profits to the corresponding period last year. The group, legally known as Air Pacific Limited, comprises of Fiji Airways (Fiji’s National Airline), its subsidiary Fiji Link and a 38.75% stake in the Sofitel Fiji Resort & Spa on Denarau Island. The group r
50. Marriott Rebrands Expanded Healthy Hotel Certification Program
Marriott has rebranded and expanded its Healthy Hotel Certification program, with the launch of TakeCare Certification. The TakeCare certification, designed to promote employee wellbeing, was previously only available to Marriott managed properties, but is now open to all external organizations, including schools, volunteer organizations, non-profits, hospitals, offices, teams and
51. Philippine Airlines HD Video Interview with Jaime J. Bautista, President & COO
Exclusive HD video interview with Jaime J. Bautista, President & Chief Operating Officer (COO) of Philippine Airlines. In this interview, filmed after rearranging the Chairman's office at PAL's headquarters in Manila, we discuss how the airline's profits for 2015 compare to those of 2014 and what expectations there are for 2016. We discuss the airline's fleet retirement plans as we
52. AccorHotels Completes ResDiary Acquisition
AccorHotels has completed the acquisition of table reservation system, ResDiary. Established in Glasgow in 2004, the company now has over 100 staff based in 6 countries. ResDiary is notably well established in the Asia Pacific region as well as in the UK, and has a footprint in 60 countries globally, seating 166m diners a year in over 8,600 venues. The Company has generated profits
53. Philippine Airlines Quarterly Profit Soars 101%
Philippine Airlines Quarterly Profit Soars 101%. Continuing its recent run of profits, Philippine Airlines has reported an unaudited net income of US$34.5 million for April-to-June 2007, a 101% surge from the US$17.2 million profit registered in the same period in 2006.
54. 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
55. Lower Oil Prices and Stronger Worldwide GDP Growth Behind Improved Profitability of Airlines
IATA has released its Economic Performance of the Air Transport Industry report, which forecasts that airlines are expected to post a collective global net profit in 2014 of some $19.9 billion (up from the $18.0 billion projected in June), with this rising to $25.0 billion in 2015. Lower oil prices and stronger worldwide GDP growth are the main drivers behind the improved profitabi
56. IATA Forecasts Global Aviation Industry Net Profit to Rise to $38.4 billion in 2018
IATA forecasts global industry net profit to rise to $38.4 billion in 2018, an improvement from the $34.5 billion expected net profit in 2017 (revised from a $31.4 billion forecast in June). Highlights of expected 2018 performance include:

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