My Indo Airlines sues Garuda Indonesia over alleged debts
My Indo Airlines (2Y, Jakarta Halim) has sued Garuda Indonesia (GA, Jakarta Soekarno-Hatta) for allegedly failing to pay a debt… Read More »
Philippines AirAsia to revive Clark hub in 4Q21
Philippines AirAsia (Z2, Manila Ninoy Aquino Int’l) plans to strategically restore its hub at Clark International Airport, northwest of the… Read More »
Air Canada seeks new loans in $5.3bn debt refinancing
Air Canada (AC, Montréal Trudeau) has announced a USD5.35 billion refinancing of its debt, which will include obtaining two senior… Read More »
New law set to bring integrated resorts to Japan
The IR Implementation Act is new legislation in Japan that provides regulations surrounding integrated resort and casino operations as well… Read More »
Melia bets on Thai revival with 5-star Chiang Mai hotel
Spanish chain Melia plans to open a five-star hotel in Chiang Mai, Thailand, giving a vote of confidence to a… Read More »
Hotels at fore as CMBS servicing rate drop persists
The commercial mortgage-backed securities special servicing rate continued its downward trajectory last month, dropping by 41 basis points to 8.24%,… Read More »
Housekeeping cutbacks: Acceptance vs. aggravation
The discontinuation of daily housecleaning has become a fact of life for many hotel guests, and the reception is mixed… Read More »
Las Vegas firm faces tall odds with $450M La. resort plan
Doubts loom over a much-ballyhooed proposal to transform a Louisiana recreational area into a multi-purpose family resort at an estimated… Read More »