News
Oaktree Purchases Fairmont San Francisco
The Fairmont San Francisco Hotel a top Nob Hill was sold today for close to $200 million to a consortium led by an affiliate of Oaktree Capital Management LP and real estate investor Michael Rosenfeld and his Woodridge Capital ...
IHG Reports First Quarter Global RevPAR Growth of 7.0%
Global rate growth of 3.3% and occupancy growth of 2.1%pts. – Americas RevPAR up 7.7% (US 7.6%); Europe 2.6%; AMEA 6.9%; Greater China 11.9%. First Quarter Results to 31st March 2012 Continuing strong RevPAR performance d...
Seven out of Ten of the World’s Busiest Inter-city Routes Are Within Asia As the Region Leads Global Travel Growth
Passenger demand analysis by Amadeus reveals Indonesia, the Philippines and Chile join BRIC countries as fastest growing travel markets Asia leads the world’s growth in travel and holds seven out of the ten busiest inter-city...
Russian Sukhoi Superjet Missing, 46 Onboard
Sukhoi Superjet 100. A Russian Sukhoi passenger plane with 46 people on board, including businessmen and Russian envoys, has gone missing during a demonstration flight over West Java in Indonesia, officials said o...
Lufthansa Sticks With Berlin Expansion Plan
Lufthansa said it was in talks with Tegel airport in Berlin to secure more slots following news that the opening of the new Brandenburg airport in Germany’s capital will be delayed. “We want to stick w...
EasyJet Losses Narrow, Sees Sales Grow
EasyJet said seasonal first half losses narrowed, helped by cost cutting initiatives and minimal weather-related disruption, and that it expected second half revenues to grow by up to 5 percent. Europe’s sec...
