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News

  • 11/05/2012
    Growth in demand for air travel in the Asia Pacific region continued to slow in September. According to the latest data from IATA, Asia Pacific was the weakest region during the month, climbing just 1.7% year-on-year and dropping 0.3% compared to August 2012. This made it the only global region to experience a month-on-month decline, although...
  • 10/29/2012
    Construction has commenced on a major high-speed railway line in western China. According to a Xinhua report, work on the CNY40 billion (US$6.4bn) line linking Xi'an with Chengdu got underway on Saturday.  It will connect the capitals of Shaanxi and Sichuan with 643km of track, 127km of which will be in tunnels. Source from <Travel...
  • 10/29/2012
    The world's highest national park opened in Tibet on Friday. The Qomolangma National Park, which is located close to the borders with China and Nepal, covers 78,000km² in Tibet's Xigaze prefecture. Within the park are five mountains rising more than 8,000 metres, including Mount Everest, which is named Qomolangma in China. Qomolangma...
  • 10/26/2012
    Hotel occupancy in the Asia Pacific region declined in September 2012 – the third such year-on-year drop in as many months. According to the latest data from STR Global, the region’s occupancy fell 1.1% to 67.5% last month. This was offset by a 3.7% increase in average daily rate (ADR) however, which climbed to US$140. This allowed...
  • 10/25/2012
    Chinese aviation company, HNA Group, has completed of the acquisition of a 48% equity stake in French airline Aigle Azur, becoming the company’s second largest shareholder. The deal makes HNA the first Chinese aviation company to invest in a European airline, and adds to an expansive HNA aviation portfolio that already includes Hainan...

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