ICAO will revaluate Thai red flag status

February 24, 2017 by  
Filed under Aviation, News, Thailand

BANGKOK, 24 February 2017: International Civil Aviation Organisation is due to conduct a security inspection of Thailand’s aviation 30 June.

According the National News Bureau of Thailand, Transport Minister, Arkhom Termpittayapaisith, met with executives from 15 Thai airlines to notify them of the up-coming inspection.

He expressed confidence that Thailand’s aviation  would be given a clean bill of health on aviation and safety supervision prompting the country’s removal from the ICAO red flag list. Read more

Ctrip revenue surges in 2016

February 24, 2017 by  
Filed under News, North Asia

SHANGHAI, 24 February 2017: Ctrip’s net revenue for its fiscal year 2016 reached RMB19.2 billion (USD2.8 billion) a massive 76% increase over 2015.

Ctrip.com International, a leading travel provider headquartered in China announced, Thursday, its unaudited financial results for the full year ending 31 December 2016.

Despite the massive increases in net revenue, the company reported a full year a loss from operations of RMB1.6 billion (USD226 million), compared to income from operations of RMB381 million in 2015. Read more

Tips to make business travel better

February 24, 2017 by  
Filed under Singapore, Travel Logs

SINGAPORE, 24 February 2017: Sabre Corporation and Egencia, the business travel company of Expedia, released, Thursday, analysis and recommendations on ways companies can support their road warrior employees while travelling.

The joint whitepaper titled, “The Year of the Business Traveller: Four keys to use data to support road warriors in 2017”.

Based on analysis of Sabre’s global air, hotel and ancillary booking data, companies have the opportunity to increase traveller satisfaction in several areas, especially for road warriors. Read more

AirAsia X reports profit

February 24, 2017 by  
Filed under Aviation, Malaysia, News

SEPANG, 24 February 2017: AirAsia X reported its financial results for the fourth quarter and full financial year that ended 31 December 2016 confirming its first full-year profit since its IPO.

The airline posted fourth quarter revenue of RM1.17 billion, up 39% from the same quarter last year. The strong revenue recorded was on the back of a 40% year-on-year growth in passengers carried to 1.38 million which was in line with the 44% available seat per km (“ASK”) capacity growth, allowing the company to record a load factor of 81%.

Average base fare was down by 4% to RM565 mainly attributed to increased frequencies to Australia and promotional fares offered on new routes. Read more

Travel to Japan booms

February 24, 2017 by  
Filed under News, North Asia, Trade Talk

TOKYO, 24 February 2017: The Japan National Tourism Organisation reports visitors to Japan reached 24.04 million during 2016.

This represents the largest on record since JNTO started to keep statistics in 1964.

Over the last three years, visits have grown 2.4 times. Read more

TAT hosts Amazing Fight competition

February 24, 2017 by  
Filed under News, Thailand

BANGKOK, 24 February 2017: Tourism Authority of Thailand will host the “Amazing Fight” event, for visitors interested in Muay Thai.

Participants will get an opportunity to train with Buakaw Banchamek, one of Thailand’s most famous Muay Thai fighters and participate in a competition to win holiday prizes.

The “Amazing Fight” Event focuses on travel to four regions to learn more about traditional Muay Thai and even a chance to step in the ring for a sparring session with a celebrity fighter. Read more

UAE focus country at OTM

February 24, 2017 by  
Filed under Events, News, South Asia

MUMBAI, 24 February 2017: An official delegation from the UAE participated in OTM – India’s largest travel trade show that wrapped up Thursday evening in Mumbai, India.

Led by UAE’s Ministry of Economy, the delegation was made up of representatives of various tourism departments and agencies.

The UAE participated in the annual exhibition for the second year in a row. Read more

STR monitors Asia Pacific hotel trends

February 24, 2017 by  
Filed under News, PACIFIC

LONDON, 24 February 2017: Hotels in the Asia Pacific region reported a moderate occupancy decline, but a strong rate growth in January 2017, according to the latest  data from STR.

Based on US dollar constant currency, year-over-year comparisons, for the Asia Pacific region, the average daily rate increased 4.6% to USD108.10.

Occupancy across the region declined 0.8% to 64.8% Read more

Low fares hurt Qantas

February 24, 2017 by  
Filed under Aviation, News, PACIFIC

SYDNEY, 24 February 2017: Australian carrier Qantas Airways posted Thursday a 7.5% hit to first-half earnings, impacted by lower fares, greater competition and empty seats.

Underlying profit before tax fell to AUD852 million (USD656 million) for the six months ending 31 December, but just beat the airline’s own guidance.

This compares to AUD921 million in the same period of 2015. Read more

Air NZ sees profit topple

February 24, 2017 by  
Filed under Aviation, News, PACIFIC

WELLINGTON, 24 February 2017: Air New Zealand reported a 24% fall in interim net profit, Thursday, amid increased competition in the domestic aviation market.

New Zealand’s flag carrier said net profit for the six months to 31 December was NZD256 million (USD184 million), compared to a record NZD338 million for the corresponding period a year previously.

“The last six months saw unprecedented levels of international carriers adding new services to New Zealand,” it said. Read more

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