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Global Newsletter: March 11, 2020
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Wednesday, 11th March 2020
 

A year of unlimited flights to restore confidence in travel, COVID-19 China trade survey findings and must-see places to take photos in Hong Kong.

A year of unlimited flights to restore confidence in travel
Wednesday, 11th March 2020

Airlines in the Asia Pacific region are expected to suffer US$28 billion revenue loss in 2020, the bulk of which would be borne by carriers registered in China with $13 billion lost due to the coronavirus (Covid-19), said the International Air Transport Association (IATA).

This rather dire forecast has led some airlines in the region to come up with deals to fill seats, as well as to stimulate travel >>

CBBC release COVID-19 China trade survey findings
10 Mar 2020 : Executive Summary: It is clear that the outbreak of COVID-19 and the controls imposed in response by the Chinese authorities have had significant impact on trade flows between the UK and China >>

First Fairmont in Puerto Rico
10 Mar 2020 : The Fairmont El San Juan is not just the newest Fairmont property, it’s also a landmark in Puerto Rico. Originally opened in 1958 as El San Juan Hotel, the oceanfront hotel officially joined the Group’s luxury portfolio on January 3rd, 2020 >>

Aloft Hotels makes a splash in Bali
10 Mar 2020 : Aloft Hotels, Marriott International's hotel brand for music enthusiasts and tech-savvy travelers, announces the opening of Aloft Bali Seminyak >>

News from around the APAC region
10 Mar 2020 : Hotel industry and travel news from around the Asia Pacific region: Bangkok high speed rail project will link Singapore to China, Vibe Hotel Darling Harbour sold and more >>

HIGHLIGHT ARTICLE

Travel: Must-See Places to Take Photos in Hong Kong
Wednesday, 11th March 2020

In Hong Kong, gleaming glass towers jut between green mountains and the South China Sea, creating one of the photogenic skylines on Earth.

Down on street level, the scene is equally electric — wet markets and Buddhist temples sit side by side with dim sum joints and global banks, while hiking trails and white sand beaches are only a short ferry ride away >>

2020 China Hotel Investment: Light at the End of the Tunnel
Asia Pacific hotel transaction volume totaled USD 12.7 billion in 2019, representing a 44% increase year-on-year and making 2019 the market's best year on record.

Entering 2020, the outbreak of Coronavirus inevitably sends short-term shockwaves through the hotel investment market, in particular China, but investors are expected to remain confident in the hospitality sector in the long-term >>

In case you've missed it: Global News of March 09, 2020
Six Senses Bhutan unveils the 'Forest Within A Forest, ITB is still on, the next evolution of growth and preparing for life in a cookie-less world >>

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