Though Hawaiian Islands are USA’s favorite holiday destination but hotels in the Islands are trading at their lowest levels in seven years record. According to statistics in January 2009 occupancy in the state’s hotels went down 9.7% to 66%. In that period, room rates were lower, dropping 8.2% to an average $16.38. The amount of visitors to Hawaii fell by 12.4% in January 2009. In recent months to attract the travelers the three beachfront Starwood properties, the Royal Hawaiian, Sheraton Waikiki, and Moana Surfrider have all undergone multi-million dollar refurbishments.

The popularity of Oahu over other islands with a lot of visitors is opting to stay on one island. Experts think it as a notable trend because in he past numerous visitors spent time on more than one island. On the other hand, the destination most populated with hotels Waikiki has seen rate-cutting in the two to three star hotel sector. Their rates are starting now from as low as $52 though the four star sector is still maintaining rates at an average above $200 per night.

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On this Tuesday Emirates Airline confirmed that, it is going to cut some services to China after reviewing its operations. From March 29th UAE will be reduced flights on the Beijing and Shanghai routes. The company wants to ensure the best utilisation of their aircraft fleet.

From March 29, the airline will no longer provide its EK 304 and EK 305 Dubai-Shanghai-Dubai flights on Tuesdays and EK 308 and EK309 Dubai-Beijing-Dubai services on Sundays. An airline spokesperson said,

This will reduce Emirates double-daily services to Shanghai and Beijing to 12 flights a week each.

But, the on a daily basis service to Guangzhou in China’s industrial heartland will continue normally.

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Russia and China signed a $25 billion biggest ever power deal in Beijing on Tuesday that will see China protected oil supplies from Russia for the next 20 years in return for loans.
Russia’s state oil champion Rosneft and pipeline monopoly Transneft signed a long-delayed deal to borrow the money from China Development Bank during talks in Beijing.
The agreement will see Siberian oil going to China. Russian Deputy Prime Minister Igor Sechin told state news channel that,

“We agreed on supplies of 15 million tonnes of oil every year over a period of 20 years.”

The company Transneft would receive $10 billion of the loan and Rosneft the other $15 billion and, in return, will receive 300,000 barrels of oil a day for 20 years. Transneft Vice-President Mikhail Barkov told Reuters,

“The maturity is around 20 years and this credit is linked to supplies. It is a historic event and the start of a big journey.”

China and Japan, two major importers of oil which are measured as key markets for Russia’s East Siberian oilfields. And it is predictable that, after this new agreement the bond between Russia and china will be more tied. Moreover, in recent years China has turned to Russia and some of its former satellites for oil partnerships.

Last Monday London Heathrow Airport, the world’s busiest international airport, had to close both runways as snow landed heavily on the UK. According to the report Heathrow and three other commercial airports in London warned of severe delays and flight cancellations. Due to heavy snow bus and train services were also suspended whilst risky conditions in southern and central England brought major air, rail and road transport systems to a halt. At Heathrow extra 250 flights were cancelled and a further 1,000 were delayed. On the other hand, the UK Meteorological Office has warned of further snow and bad weather, with freezing winds blowing in from Russia. The airports officials said, due to snow, they have to pay much damage in this sector.

The insurance industry notes that the commercial airlines industry has a “remarkable safety record.” The remarked came out the US Airways Airbus emergency landing in the Hudson River and the successful rescue of passengers with the international attention focused on.

At year-end 2007 the National Transportation Safety Board (NTSB) reported, the Insurance Information Institute statistics show that the amount of commercial aviation accidents in the year of 2007 on scheduled flights with 10 or more seats, stood at below one per 100,000 flight hours. Additionally, in that same year, although there were 24 accidents on scheduled, commercial flights, not one of them involved a fatality. More to the point, the 2009 I.I.I. Insurance Fact Book reports the odds of dying in an aircraft accident in 2005 were about one in 502,554. The I.I.I. is a nonprofit, communications organization supported by the insurance industry.

On the other hand, motor vehicle crashes are definitely the leading cause of accidental deaths in the USA, followed, in order, by assault by firearm, motorcycle riding, exposure to smoke, fire and flames, and falling on or from stairs and steps. Air and space transport accidents placed sixth on that list. To consider all of the statistics insurance industry think that commercial airlines are safe for transport.

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