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Articles tagged “asia monthly”

Tourism

Gulf Region Boasts 170,000 Hotel Rooms in Active Development Pipeline

Even as global hotel development may have slowed down due to serious risks looming over the economy, the hospitality sector's development of Gulf nations remains robust. The nations realize offering choice is essential for people to visit a destination.

Peden Doma Bhutia | 1 year ago

Gulf Region Boasts 170,000 Hotel Rooms in Active Development Pipeline

News Blog

AirAsia to Now Launch a Low-Cost Carrier in Cambodia

AirAsia Aviation Group on Friday announced a joint venture with Cambodia-based Sivilai Asia to launch a new low-cost carrier — AirAsia Cambodia. The airline, in which AirAsia will be the majority partner, expects to commence operations in late 2023. Cambodia is the fifth Southeast Asian destination that AirAsia will be foraying into after Malaysia, Indonesia,…

Peden Doma Bhutia | 1 year ago

News Blog

Hong Kong Eases Testing for Inbound Arrivals

A day after China announced some major changes to its controversial zero-Covid policy, Hong Kong on Thursday announced that inbound arrivals would need to undergo daily rapid antigen tests for five days, instead of seven days. However, international travelers coming into the city would still need to take a polymerase chain reaction test on landing…

Peden Doma Bhutia | 1 year ago

Tourism

Middle Eastern Destinations Lead Global Travel Recovery

The latest data underlines the strength of the travel recovery in the Middle East, thanks in large part to the FIFA World Cup. What next after the World Cup is the million-dollar question here.

Peden Doma Bhutia | 1 year ago

Middle Eastern Destinations Lead Global Travel Recovery

News Blog

AirAsia Parent CEO Wants to Pull Its Airlines Into an IAG Model

Malaysia’s Capital A will not be merging its airlines, but will instead move all the carriers under one existing structure, similar to how British Airways, Iberia Airline, and Aer Lingus operate under the International Airlines Group umbrella, said CEO Tony Fernandes on Monday. AirAsia X will be renamed AirAsia Aviation Group and there will be…

Peden Doma Bhutia | 1 year ago

Online Travel

Yatra Thinks an Early 2023 India IPO Could Spur New Alliances

Just days after news of Oyo's hoped-for initial public offering, Yatra is confident of getting listed in the Indian bourses by March 2023. If soaring travel demand in India is the new norm, then travel businesses have a lot to cheer about.

Peden Doma Bhutia | 1 year ago

Yatra Thinks an Early 2023 India IPO Could Spur New Alliances

Tourism

Tourism Leaders Bemoan a Flawed Travel Recovery Without Chinese Tourists

Speakers at the World Travel and Tourism Council Global Summit in Saudi Arabia this week were full of optimism, but the final piece of the jigsaw is still China.

Matthew Parsons | 1 year ago

Tourism Leaders Bemoan a Flawed Travel Recovery Without Chinese Tourists

News Blog

Air India-Vistara Merger to be Completed by March 2024

Tata Sons and Singapore Airlines have agreed to consolidate Air India and Vistara by March 2024. As part of the merger transaction, Singapore's flag carrier shall also invest $250 million in Air India for a 25.1 percent share, according to a media release on Tuesday. Tata Group owns a 51 percent stake in Vistara with…

Peden Doma Bhutia | 1 year ago

Online Travel

Oyo Still Keen on Long-Anticipated IPO in Early 2023

While Oyo plans to go ahead with its initial public offering, the hospitality company is yet to share the current valuation it is looking at. For sure, it would be nowhere close to its original hoped-for valuation of $12 billion.

Peden Doma Bhutia | 1 year ago

Oyo Still Keen on Long-Anticipated IPO in Early 2023

News Blog

Dubai-Based Silkhaus Raises $7.7 Million Seed Funding to Digitize Short-Term Rentals

Silkhaus, a United Arab Emirates-based platform for short-term rentals, announced on Tuesday that it has raised $7.75 million in a seed funding round. Following this investment, Silkhaus has said it will accelerate its expansion across Middle East and North Africa region, as well as in South Asia and Southeast Asia. The company had earlier identified…

Peden Doma Bhutia | 1 year ago