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65. Sluggish Air Cargo Growth Continues
IATA's data for global air freight markets in May 2015 shows continued growth. Compared to May 2014, growth in freight tonne kilometers (FTK) was 2.1%, the slowest rate this year and outpaced by a capacity expansion of 4.3%. On a year-to-date basis, freight volumes are up 4% on the previous year, but much of that growth was realized in the latter part of 2014.
66. Amadeus to Acquire Navitaire from Accenture for US$830 Million
Amadeus has confirmed that it will acquire Navitaire, a wholly owned subsidiary of Accenture, for US$830 million. Navitaire, which focuses on the low-cost and hybrid-carrier segments of the airline industry and has a global customer base of more than 50 operators, provides revenue-generation and cost-streamlining solutions in the areas of reservations, ancillary sales, loyalty, rev
67. Ascott Acquires 411-Room Hotel in Times Square, New York
Ascott Residence Trust (Ascott Reit) is expanding its footprint to the United States of America by acquiring the 411-key Element New York Times Square West hotel located in Midtown Manhattan for US$163.5 million (approximately S$220.7 million). The accretive acquisition at an EBITDA yield of 6.2% is expected to increase Ascott Reit’s distribution income in FY 2014 by US$0.8 million
68. STR Appoints Director of Destination Research
STR has hired Chris Klauda, formerly VP of Lodging Research Services for D.K. Shifflet & Associates, as Director of Destination Research. Chris will lead the research and analytic efforts for STR’s destination clients in addition to supporting the sales efforts of the company’s business development team.
69. Grand Millennium Dubai Appoints Director of Revenue
The Grand Millennium Dubai has appointed Mr. Hassan Dana as Director of Revenue. Before joining the Grand Millennium Dubai, Mr. Hassan was working with Hospitality Marketing Concepts, Dubai, as Director of Sales Operations for Middle East, where he managed the sales forecast process, territory planning and strategic development plans of the region.
70. Accor Rebrands ibis Ambassador Seoul Gangnam
AccorHotels has expanded its portfolio of hotels in South Korea with the opening of ibis Styles Ambassador Seoul Gangnam, formerly the ibis Ambassador Seoul Gangnam. Featuring 317 rooms, the newly refurbished and rebranded hotel is located in the Teheran-Ro business area of the trendy Gangnam District, near several entertainment and shopping attractions, and just a 10 minute walk t
71. Ed Brea Appointed GM of One&Only Hayman Island, Australia
Ed Brea has been appointed as General Manager of the One&Only Hayman Island in the Great Barrier Reef, Australia. Ed joins One&Only with over 30 years’ experience in the luxury hospitality industry. He started his career in the early 1980s at the Hyatt Regency Maui in Hawaii where he worked in a variety of F&B roles. He continued to develop within the Hyatt group, with further role
72. Enjoy Keyless Room Entry at Aloft Kuala Lumpur Sentral
Guests of the Aloft Kuala Lumpur Sentral can now use their smartphone as a room key. SPG Keyless – powered by the SPG app – enables guests to bypass the front desk (where available) and go directly to their room, unlocking the door with a simple tap of their smartphone.

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