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1. AirAsia X Reports 38.5% Revenue Growth in H1 2014
AirAsia X Berhad, the long-haul low-cost airline affiliate of the AirAsia Group, has reported its financial results for the Second Quarter and the First Half-Year ended 30 June 2014. On the back of its strategy of capacity and network expansion, the company recorded revenue of RM671.6 million for Q2 2014, a y-o-y growth of 36.7%, and cumulative revenue of RM1.42 billion in H1 2014,
2. Cebu Pacific Reports H1 2014 Passenger Growth
Cebu Pacific flew 8 million passengers in H1 2014, an increase of about 8% over 7.5 million passengers flown in the same period last year. In June 2014, Cebu Pacific carried 1.3 million passengers, an increase of 9.5% over 1.2 million passengers flown in June 2013. Cebu Pacific flights were about 85% full during this period.
3. Singapore Reports H1 2014 Visitor Arrivals
In the first half of 2014, tourism receipts (TR) in Singapore grew 2% year-on-year to Sin$11.8 billion, even while international visitor arrivals (IVA) dipped 3% to 7.5 million over the same period. This growth in H1 2014 TR was on the back of higher expenditure in Sightseeing, Entertainment & Gaming (SEG) from January to June. Fewer visitor arrivals were registered following the c
4. International Tourist Arrivals Up 4.6% in H1 2014
According to the latest UNWTO World Tourism Barometer, international tourist arrivals grew by 4.6% in the first half of 2014. Destinations worldwide received some 517 million international tourists between January and June 2014, 22 million more than in the same period of 2013. Growth was strongest in the Americas (+6%) followed by Asia and the Pacific and Europe (both at +5%). By s
5. Sixt Reports H1 2014 Results
Sixt, one of the world’s largest car rental companies, has reported that its consolidated operating revenue for the first six months increased by 8.5% to EUR 760.2 million compared to the same period last year. Total Group revenue climbed 6.0% to EUR 823.8 million, while earnings before taxes (EBT) registered a growth of 16.7% to reach EUR 67.5 million.
6. STR Reports H1 2014 Performance of Hotels in Asia
According to data compiled by STR Global, hotels in the Asia Pacific region experienced mixed results during the first six months of 2014 when reported in U.S. dollars. Year-to-date June 2014, the region’s occupancy rose 0.9% to 66.9%, ADR fell 3.1% to US$118.03, and RevPAR decreased 2.3% to US$78.92.
7. Chinese and Russian Travellers Account for 41% of Phuket's International Arrivals in H1 2014
According to a half year report by Phuket-based hospitality consulting firm C9 Hotelworks, a mid-year slump in arrivals to Thailand's leading resort market's of Phuket and Koh Samui has jolted hotel trading levels. The research also shows that in the aftermath of Thailand's most recent political turmoil, which saw martial law imposed in May, the resort island of Phuket experienced
8. 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

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