IFC gives Shangri-La US$80m leg-up for Myanmar developments
INTERNATIONAL Finance Corporation (IFC) is giving Shangri-La Asia an US$80 million loan for its two existing projects in Myanmar.
The World Bank Group member’s loan...
Chinese agencies stop tours to Malaysia
MALAYSIAN inbound operators handling the Chinese market have reported many cancellations for tours in April and May, while the NTO has suspended activities on...
Hyatt announces 20 Hyatt Place, Hyatt House properties for China
HYATT Hotels Corporation will introduce its Hyatt Place and Hyatt House brands to China beginning this year, with over 20 properties in the development...
New partnership kicks off Best Western’s expansion in Sri Lanka
BEST Western International has teamed up with Sri Lankan company Elyon Hotels to launch a series of hotels across the country, with the aim...
Accor to manage Sentosa Resort & Spa
ACCOR has clinched a deal for what's likely to be a second Sofitel in Singapore and the property in question is the Sentosa Resort & Spa,...
Accor ropes Manila’s Admiral Hotel into MGallery collection
ACCOR is taking over management of the landmark Admiral Hotel along Roxas Boulevard and will redevelop the property to be included in its high-end...
Work needed on airline ancillary distribution
FULL-SERVICE airlines are flying in to capture a slice of the lucrative ancillary pie as it continues to grow, but kinks in how such products...
Ascendas acquires second Japan property for US$87m
SINGAPORE-BASED Ascendas Hospitality Trust (A-HTRUST) has purchased the Namba Washington Hotel Plaza in Osaka for 8.9 billion yen (US$87 million).
The flagship property of domestic...
TAT sweetens invite to film-makers with new incentives
THE Tourism Authority of Thailand (TAT) is coming up with a slew of new initiatives, including streamlining the permits acquisition process and holding roadshows,...
Malindo Air flight turned around after engine fire
MALAYSIA-BASED Malindo Air was made to turn back yesterday while plying a domestic route due to an engine fire.
According to news agency AP, the...
