Category Archives: Business

PMV Takes 39% Economic Stake in Brussels Airport in Landmark Deal with Ontario Teachers’ Pension Plan

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(IN SHORT) PMV has reached an agreement to acquire Ontario Teachers’ Pension Plan’s 39% indirect economic stake in Brussels Airport Company, affirming the airport’s attractiveness to long-term public investors. The deal leaves direct shareholdings and strategic operations intact. OTPP concludes a successful 14-year partnership, having supported sustainable growth, crisis management and recovery efforts. PMV’s investment… Read the full news article

New 1 000-Space Expansion at Shannon’s Park4Less Eases Peak-Season Parking

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(IN SHORT) Shannon Airport Group has increased capacity in its budget-friendly Park4Less car park by 1,000 spaces ahead of the summer travel rush, part of a €30 million investment into airport infrastructure and services. The expansion will help ease parking demand and streamline arrivals for long-haul holidaymakers. With over 5,600 total spaces across five car… Read the full news article

Hyatt Concludes Initial Tender with 82.8% Playa Participation; Subsequent Offer Open Through June 16

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(IN SHORT) Hyatt Hotels Corporation confirmed that 101.9 million Playa Hotels & Resorts shares (82.8% of the outstanding total) were validly tendered by the June 9, 2025 deadline, together with Hyatt’s existing 12.1 million shares bringing total participation to 92.7%, thus meeting all conditions for its $13.50-per-share tender offer (≈$2.6 billion). The subsequent offer period… Read the full news article

Bollywood Icon Katrina Kaif Unveiled as Global Ambassador for Maldives’ Luxury Summer Campaign

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(IN SHORT) Visit Maldives has appointed Bollywood star and entrepreneur Katrina Kaif as its Global Brand Ambassador to bolster the new Summer Sale Campaign. The initiative, offering exclusive deals on luxury resorts, boutique guesthouses, and family accommodations across major markets like the UK, Russia & CIS, DACH, Italy, Poland, Spain, and India, aims to highlight… Read the full news article

Dusit Princess Melaka Officially Opens as Dusit International’s First Hotel in Malaysia, Boosting Tourism Momentum Ahead of 2026 Campaigns

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(IN SHORT) Dusit International has officially launched Dusit Princess Melaka, its first property in Malaysia, in a grand ceremony officiated by the Governor of Melaka and attended by regional dignitaries and hospitality executives. Strategically situated in the UNESCO World Heritage City, the 296-room hotel blends Thai-inspired luxury with Melaka’s heritage and features world-class amenities, including… Read the full news article

Half a Century of Service to Rwanda as Ethiopian Airlines Expands Kigali Operations and Network Reach

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(IN SHORT) Ethiopian Airlines is celebrating the 50th anniversary of its flight service to Kigali, Rwanda, which began in 1975. This long-standing route has been instrumental in enhancing diplomatic, economic, and cultural ties between the two countries. With 21 weekly passenger flights and three dedicated cargo services, Ethiopian ensures seamless connectivity between Kigali and over… Read the full news article

Emirates Launches New Routes to Vietnam and Cambodia, Strengthening Southeast Asia Connections

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(IN SHORT) Emirates has launched new routes connecting Bangkok to Da Nang and Siem Reap, enhancing its Southeast Asia network. These new services offer seamless connections to Dubai and beyond, with a focus on boosting trade, tourism, and cultural exchanges. The launches were celebrated with water cannon salutes and a ceremony at Emirates’ renovated lounge… Read the full news article

Emirates Group’s Horizon: Maldives Event Set to Strengthen Tourism Partnerships Following Record Growth

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(IN SHORT) Horizon: Maldives returns as dnata Travel Group and Emirates Holidays report a 30% year-on-year increase in bookings for 2024. The event, scheduled for June 10, 2025, at Kurumba resort, will focus on sustaining the Maldives’ growing tourism momentum, fostering deeper ties between the Emirates Group and the local hospitality sector, and exploring new… Read the full news article

Embraer Offers Gogo Galileo HDX Connectivity Solution for Phenom 300 Customers

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(IN SHORT) Embraer has partnered with Gogo to offer the Gogo Galileo HDX connectivity solution for Phenom 300 aircraft, providing high-speed in-flight connectivity. The solution will deliver 4K streaming, video conferencing, gaming, and large file transfers using the Eutelsat OneWeb LEO satellite network. The installation will be available to Embraer business jet owners starting in… Read the full news article

NoMad Detroit to Debut in Ford’s Michigan Central Station, Bringing Luxury Hospitality to a Revitalized Landmark

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(IN SHORT) NoMad Hotels is set to debut in Detroit in 2027 with the opening of NoMad Detroit, located in the historic Michigan Central Station. The partnership with Ford Motor Company and Hilton marks a significant milestone in the city’s revitalization and will bring a new luxury lifestyle experience to the region. The hotel will… Read the full news article

Hilton Accelerates Global Expansion with New Luxury Developments, Including NoMad Detroit and Upcoming Openings

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(IN SHORT) Hilton has achieved a milestone of 1,000 luxury and lifestyle hotels worldwide, with plans to open three new properties each week in 2025. Recent announcements include the signing of NoMad Detroit in partnership with Ford Motor Company, expanding the NoMad brand in global markets. Hilton’s luxury and lifestyle portfolio continues to grow with… Read the full news article

flydubai Introduces City Check-in Service at New Sharjah Travel Shop for Seamless Travel

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(IN SHORT) flydubai has launched a new Travel Shop in Sharjah, offering enhanced services including the introduction of a City Check-in service, allowing passengers to complete their check-in and baggage drop ahead of time. This new service is designed to improve efficiency and reduce airport congestion. Located at the heart of Sharjah, the Travel Shop… Read the full news article

Emirates SkyCargo Enhances Freight Connectivity with New Weekly Charters Between Milan and Southeast China

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(IN SHORT) Emirates SkyCargo has expanded its freighter operations to enhance connectivity between European destinations and key global markets. Starting Q3 2025, two additional weekly charter freighters will connect Milan and Southeast China via Dubai, while a new stop in Beirut will improve connectivity with Western European markets and the Levant. This expansion, paired with… Read the full news article

dnata Signs Multi-Year Catering Contract with Aer Lingus at Nashville International Airport to Serve Transatlantic Flights

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(IN SHORT) dnata has signed a multi-year contract with Aer Lingus at Nashville International Airport to provide inflight catering services for its four weekly flights to Dublin Airport. This partnership will see dnata supply nearly 40,000 meals annually for Aer Lingus. dnata’s catering services, which include over 40 airline customers at 12 U.S. airports, have… Read the full news article

Air India and Icelandair Launch Codeshare Partnership to Strengthen Connectivity Between India and Iceland

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(IN SHORT) Air India and Icelandair have entered into a codeshare partnership to enhance connectivity between India and Iceland, offering seamless travel across 15 routes between India and Europe. Air India customers will have access to Icelandair flights to Reykjavik, while Icelandair customers can connect to key Indian cities through Air India’s extensive network. The… Read the full news article

New Codeshare Agreement Between Air India and Air Mauritius Boosts Travel Options Across India, Mauritius, and Africa

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(IN SHORT) Air India and Air Mauritius have expanded their codeshare agreement to enhance connectivity between India, Mauritius, Réunion, South Africa, and Madagascar. The partnership adds 17 routes between the two carriers, allowing passengers to travel seamlessly on a single ticket. Air India will now offer flights to Cape Town, Johannesburg, and Antananarivo via Mauritius,… Read the full news article

Amadeus Ventures Joins Forces with Acai Travel to Enhance Efficiency in the Travel Sector with Generative AI

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(IN SHORT) Amadeus has made a minority investment in the Generative AI startup Acai Travel through its strategic funding initiative, Amadeus Ventures. This investment reflects the growing belief within the travel sector that Generative AI will significantly transform travel operations. Acai Travel, which offers AI-driven solutions to OTAs, TMCs, airlines, and hotels, helps reduce operational… Read the full news article

Marriott International Expands Branded Residences Portfolio with New Global Projects in Detroit, Muskoka, Costa Rica, and Saudi Arabia

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(IN SHORT) Marriott International has signed new agreements for luxury residential developments in Detroit, Muskoka, Costa Rica, and Saudi Arabia, bringing its total branded residential portfolio to approximately 300 projects. Celebrating 25 years in the sector, Marriott’s growth continues, with a focus on delivering world-class living experiences in desirable destinations worldwide. (PRESS RELEASE) NEW YORK,… Read the full news article

IATA’s 82nd AGM to Be Hosted in Rio de Janeiro in June 2026 by LATAM Airlines Group

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(IN SHORT) The 82nd IATA Annual General Meeting (AGM) will be hosted in Rio de Janeiro, Brazil, in June 2026 by LATAM Airlines Group. This marks the return of the event to South America after 27 years, offering a chance to reflect on the region’s growth in air connectivity. The event will celebrate Brazil’s aviation… Read the full news article

Luis Gallego Begins Term as Chair of IATA Board, Focused on Innovation and Sustainability in Aviation

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(IN SHORT) Luis Gallego, CEO of International Airlines Group (IAG), has been appointed Chair of the IATA Board for a one-year term starting on June 2, 2025. Gallego, who has nearly 30 years of experience in aviation, succeeds Pieter Elbers of IndiGo. During his term, Gallego will focus on addressing key industry challenges, including environmental… Read the full news article

Frankfurt Cargo Services Secures E-Commerce Handling Contract with EDT at Frankfurt Airport

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(IN SHORT) Frankfurt Cargo Services (FCS), a subsidiary of Worldwide Flight Services (WFS), has secured a contract with EDT – eDirect Transport to provide E-commerce & Freight Forwarder Handling (EFFH) services at Frankfurt Airport, marking a significant step in expanding e-commerce logistics. This agreement includes a major investment from FCS to expand its e-commerce handling… Read the full news article

IHG Hotels & Resorts Drives Hotel Growth with Conversion-Focused Brands and Strategic Partnerships

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(IN SHORT) IHG Hotels & Resorts continues to experience significant growth in conversions, with nearly 60 percent of global openings in Q1 2025 coming from conversions. Brands like Vignette Collection, voco hotels, and Garner hotels are driving this success, with new signings and openings worldwide. The acquisition of Ruby, IHG’s new premium urban lifestyle brand,… Read the full news article

InterContinental Hotels & Resorts Announces First-Ever Property in Ecuador, Coming to Guayaquil in 2027

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(IN SHORT) InterContinental Hotels & Resorts is set to open its first-ever destination in Ecuador, with the InterContinental Guayaquil scheduled to debut in 2027. The hotel, located in the exclusive Samborondón district, will feature 101 luxurious guestrooms, including 11 suites and one Presidential Suite. It will offer guests a variety of premium amenities, including a… Read the full news article

Hilton Signs Elephant Tree Resort and Villas Tobago, Bringing Tapestry Collection by Hilton to the Island in 2028

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(IN SHORT) Hilton has announced the signing of Elephant Tree Resort and Villas Tobago, marking the debut of Tapestry Collection by Hilton in Tobago. Set to open in 2028, the resort will offer 40 guest rooms and 126 fully furnished residences, along with luxury amenities including multiple swimming pools, a spa, a fitness center, and… Read the full news article

Cathay Dining Launches Groundbreaking Warewash System to Support Food Waste Recycling and Cut Utility Consumption

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(IN SHORT) Cathay Dining has unveiled its newly redesigned warewash system, marking the first airline caterer in Hong Kong to support the recycling of inbound food waste. The system boosts food waste recycling capacity by 200%, reduces utility consumption by up to 70%, and significantly enhances workplace safety with new anti-slip flooring and improved ventilation…. Read the full news article

Cathay Group Wins 15 Awards, Including Third Consecutive Grand Award, at 2025 Customer Service Excellence Awards

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(IN SHORT) Cathay Group was honored with 15 awards, including the prestigious Grand Award for the third consecutive year, at the 2025 HKACE Customer Service Excellence Awards. The airline’s achievements highlight its commitment to providing exceptional customer service and demonstrate the excellence of its service teams across various departments, including Inflight Services, Airport Services, Customer… Read the full news article

Samara Lombok: New Luxury Destination by Hyatt Set to Open in 2027, Introducing Unique Hospitality to Southeast Asia

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(IN SHORT) Hyatt Hotels Corporation has announced a new franchise agreement with PT Lombok Torok Developments for Samara Lombok, marking the debut of the Destination by Hyatt brand in Southeast Asia. The 125-hectare integrated luxury resort will offer a wide range of amenities, including wellness facilities, sports venues, multiple dining options, and beachfront access. Located… Read the full news article

Royal Caribbean Appoints Key Bahamian Executives to Lead Royal Beach Club Paradise Island Opening in December 2025

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(IN SHORT) Royal Caribbean has appointed three Bahamian executives to key leadership positions for its Royal Beach Club Paradise Island, set to open in December 2025. Alphonso Bowe, Simmone Bowe, and Jillian Gray bring extensive expertise in operations, human resources, and communications, respectively. Their appointments highlight Royal Caribbean’s commitment to utilizing local talent and ensuring… Read the full news article

Hyatt Expands Andaz Brand with New Hotel at Nagoya’s Meitetsu Station, Set for Post-2034 Opening

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(IN SHORT) Hyatt Hotels Corporation has entered into a management agreement with Nagoya Railroad Co. Ltd. for the development of Andaz Nagoya, set to open post-2034 at the Meitetsu Nagoya Station. The hotel will be part of a large-scale redevelopment project featuring a transportation hub and high-speed railway station. Andaz Nagoya will offer around 150… Read the full news article

Minor Hotels Strengthens Its Footprint on Palm Jumeirah with New Resort and Serviced Residences Managed in Partnership with Seven Tides

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(IN SHORT) Minor Hotels has signed a strategic hotel management agreement with Seven Tides for a beachfront property on Palm West Beach, Dubai. The agreement, effective from 1st August 2025, will bring the Dukes The Palm, a Royal Hideaway Hotel under Minor Hotels’ management, expanding the group’s footprint on Palm Jumeirah to 1,524 keys across… Read the full news article