AccorHotels sells majority stake in property business arm, to use proceeds for expansion
AccorHotels announced February 27 the plans to sell a 55%t stake in its AccorInvest real estate unit for 4.4 billion euros (US$5.4 billion) cash.
The new investors are the sovereign wealth funds of Saudia Arabia’s Public Investment Fund (PIF) and Singapore’s GIC.
Institutional investors in [...]
The Wrap: Everyone can now say ‘hi’ from the sky
In the news: Airlines take the stage this week, not only in conferences around the region, but in touting new services for its guests. In the limelight – AirAsia, Hong Kong Airlines and, indirectly, Travelport and ACI with a new solution for airline passengers.
AVIATION: Everyone can now say [...]
HK Express links up with flight comparison site Dohop to expand international interline services
Hong Kong-based airline, HK Express, has joined forces with flight comparison site, Dohop, to provide international interline services, making it the first Asian carrier to partner with the Icelandic company.
The partnership, sealed at the ongoing Aviation Festival 2018 in Singapore, will make i [...]
Robert Bailey joins Travelport as chief strategy officer
Travelport has appointed Robert Bailey, former president and CEO of Abacus, to the newly-created role of chief strategy officer based in Langley, the UK.
Reporting to Travelport’s president and CEO Gordon Wilson, Bailey will take up his new posting on March 1.
His responsibilities will i [...]
European airlines scored big in a la carte revenue last year, flying off with US$19bil
Estimated airline a la carte revenue worldwide in 2017 stood at US$57 billion, with European airlines leading at US$19.4 billion followed by Asian carriers at US$15.8 billion.
The estimates from the CarTrawler Global Statistics of a la Carte Revenue released by consultancy on airline ancillary re [...]
The Wrap: Travelport reveals plans to include NDC content on its distribution platform
In the news: This week’s focus is on IATA New Distribution Capability (NDC) as three rival global distribution companies – Travelport, Amadeus and Sabre – step up their game to deploy NDC-enabled products and adopt NDC standard in their airline retailing and product distribution strategy.
M [...]
Building talent and brand identity main challenges facing hospitality, says Oakwood Premier OUE Singapore’s Roy Liang
From a distance, the Oakwood Premier OUE Singapore looks and runs like any longstanding branded accommodation property in the city; smoothly and seemingly effortlessly, like a duck floating on the water.
As many in the industry know, this reality is often far from the case as each property faces [...]
Letter from Penang: As Year of the Dog dawns, so will new travellers and citizens with different aspirations and expectations
Tomorrow, February 15, will be the peak of travel as millions of Chinese and their diaspora make the journey to wherever home is to gather for their Lunar New Year reunion dinners.
You can already feel it in Penang, when the population of the island more than triples with the return of Penangites [...]
TrustYou puts review data into one platform, invests in new tech to boost hotels’ ROI
Following its acquisition in June last year by Recruit Holdings Co Ltd, TrustYou has stepped up its expansion in Asia Pacific with the appointment of Alex Tan as managing director, who will oversee development in key Asia markets (excluding Japan and Korea), as well as New Zealand and Australia.
[...]
Parikh gets scrappy at Hotwire and says, “never say never” to Asia
In August 2017, Neha Parikh left Hotels.com where she’d been since April 2008 to become president of Hotwire and it's clear she's bringing her own style and personality to the brand which calls itself “a leading discount travel site that offers ridiculously low prices”. Last November, she anno [...]
