TC Jan-Feb 2016 PDF

TRADE CHRONICLE
Avari Towers Hotel
welcomes Chef Imran Ali
khan as Executive Chef
An iconic Hotel in the centre of city,
Avari Towers Hotel is delighted that
Chef Imran Ali Khan has joined as
Executive Chef. Possessed by an
incredible mixture of experience,
education, and foresight, Imran has
worked with Hotels such as
InterContinental Dubai and Marriott
Hotels. Imran hold s a Bachelor’s
degree and specializes in the area of
Hospitality, Culinary, Restaurant
management, Sanitation and hygiene.
Yahya Polani nominated
as FPCCI body chief
Polani Group MD and Former
Chairman, Travel Agent Association
of Pakistan (TAAP) Yahya Polani has
been nominated as chairman of the
Federation of Pakistan Chambers of
Commerce and Industry (FPCCI)
Committee on Aviation for 2016 by
FPCCI President Abdul Rauf Alam.
Polani has many times served as
chairman of FPCCI Aviation and Hajj
and Umrah committees.
Pearl Continental to
invest Rs1.6bln for
business expansion
Pearl Continental, Pakistan’s
leading hospitality industry player,
has decided to initially invest Rs1.6
billion to expand its business in the
country’s industrial hub as it is
expecting an increase in its hotel’s
occupancy rate, its senior official
said recently.
“The company has decided to
acquire a property at a prime
location in Karachi against the total
purchase consideration of
approximately Rs1.6 billion for the
business expansion,” said Mansoor
Khan, company secretary at
Pakistan Services Limited, the
owner of Pearl-Continental Hotels
and Resorts in the country, in a
notice issued to the Pakistan Stock
Cathay Pacific releases
combined traffic figures
for January 2016
Cathay Pacific Airways today
released combined Cathay Pacific
and Dragonair traffic figures for
January 2016 that show a doubledigit
increase in the number of
passengers carried compared to
the same month in 2015, but only
a marginal rise in the volume of
cargo and mail uplifted.
Cathay Pacific and Dragonair
carried a total of 2,897,890
passengers last month – an
increase of 10.9% compared to
January 2015. The passenger load
factor grew by 3.3 percentage
points to 86.0% while capacity,
measured in available seat
kilometres (ASKs), grew by 5.9%.
Exchange recently.
The Pakistan Pearl-Continental
Hotels and Resorts (PC Hotel) will
build another hotel in Karachi city,
where law and order situation has
improved over the last one year.
“The visiting international or
domestic businessmen and tourists
usually stay at our hotels,” he said.
“Improvement in the law and order
has helped us in attracting more
guests.”
"In the second phase, we will
prepare a feasibility report for the
construction,” he added. “It is premature
to share a timeline about
when the project will be launched.”
The local hotel chain is already
engaged in construction of two fivestar
hotels in the country. One is in
Multan and the other in Mirpur of
Azad Kashmir.
Air Arabia profit slips six
percent in 2015
Sharjah-based budget carrier Air
Arabia said recently 2015 net profit
fell six percent to 531 million dirhams
($144.69 million) although turnover
rose slightly. The Middle East''s first
and largest low-cost airline said its
turnover was 3.8 billion dirhams
($1.04 billion) in 2015, three percent
up on the previous year, while
passenger numbers rose 12 percent
to 7.6 million. In the fourth quarter,
net profit was 13 percent lower than
in 2014, standing at 59 million dirhams
($16.08 million). "The impact of low
oil prices continues to have its effect
on the wider global economy, while
pressure on yields and geo-political
uncertainty continued to weigh on the
aviation industry," Air Arabia chairman
Sheikh Abdullah bin Mohammad al-
Thani said in a statement.
Trade Chronicle - January - February 2016 - Page # 38