Source = e-Travel Blackboard: N.J Virgin Blue’s overhaul into Virgin Australia has for the first time in a decade offered new options for business travellers, according to the carrier’s chairman Neil Chatfield.Discussing the Game Changing Program in the Group’s annual report, Mr Chatfield said although expecting to see the benefit of the transformation during the second half of financial year 2012, the group’s business market has already picked up since the transformation.“When we announced the Game Change Program last year, we predicted that the benefits of these changes would not be seen until the second half Financial Year 2012, yet we have already seen an encouraging uplift in our corporate market share,” he explained.“For the first in ten years, there is genuine alternative for the domestic business traveller.”Welcoming up to 18.6 million passengers for the financial year 2011, up from 18.2 million in 2009, Virgin Australia chief executive John Borghetti stressed that despite a complete overhaul of the brand the carrier’s positioning in the market place had already witnessed “significant gains”.“Our progress in repositioning the airline has already seen us make significant gains the high-yield corporate and government market,” Mr Borghetti said. “This important and more resilient segment now makes up 13 percent of our total revenue, up from 10 percent in the 2010 Financial Year.”He added that through the financial year 2012, the company would continue to roll out its Game Change Program strategy while maintaining its focus on building corporate and government markets.Both chairman and head concurred that the carrier was in a position to welcome improvement to its profits for the year, despite economic uncertainty. “I believe that despite ongoing industry volatility the company is now in a great position to consolidate the Game Change Program and from here we will be able to achieve long term sustainability across our business even in a high fuel cost and conservative consumer spending environment,” Mr Chatfield said. “In a time of major transformation for our airline and the industry, they have strengthened our reputation for excellent service and our outstanding safety record.”For the year financial year 2011, Virgin Australia saw its profits rise to $3.2 million from $2.9 million during financial year 2010.
China is the driving force for international passenger growth at Melbourne Airport, according to the property’s head, with an 18.2 percent increase in arrivals from the region during the third quarter last year.Compared to the same quarter 2011, the jump contributed the airline’s overall nine percent increase in international passengers over the same period.While China lead the rise other Asian regions including Taiwan, Sri Lanka and the Philippines also help usher up the figure with 16.9 percent, 14.4 percent and 11.8 percent growths.The US also played an integral role, with visitors from America jumping 11.9 percent over the same quarter while arrivals from New Zealand escalated by 9.2 percent.The airport’s chief executive Chris Woodruff pinned the property’s success to the city’s calendar of events including the Australian Open, Formula 1 Grand Prix and International Comedy Festival.“This is paying great dividends for Victoria as a destination for international visitors, and is part of our strategy to ensure that Melbourne attracts its proper share of international passenger traffic in and out of Australia,” Mr Woodruff said. Domestic on the other hand saw only a slight increase of one percent for the third quarter of last year compared to the same period 2011, with 36,842 more locals passing through Melbourne’s gateway.“We are focused on making sure that Melbourne Airport is ready for future growth in domestic travel, and the Southern Precinct project which includes the development of a new domestic terminal, airfield facilities, ground transport infrastructure and road upgrades is part of our proposed program of investment over the next five years that is budgeted in excess $1 billion,” Mr Woodruff concluded.As part of plans to boost the gateway, Melbourne Airport released plans late last year to makeover its terminals as well as introduce new technological updates. Source = e-Travel Blackboard: N.J
Efforts of the Cambodian Ministry of Tourism are starting to pay off after years promoting the country’s beach destination of Sihanoukville as the next travel frontier in Cambodia.A premier beach resort in Cambodia was not what travellers think of when booking a trip to Cambodia, according to Bangkok-based Backyard Travel sales manager Sibylle Rotzler.Until recently, getting to the seaside getaway of Sihanoukville was only accessible by a treacherous four hour drive from Phnom Penh that sees so many accidents that Cambodians usually insist on praying en-route at a temple.Awareness of the destination is growing since accessibility was made easier with scheduled flights to Sihanoukville from Siem Reap that restarted at the end of last year. The area also saw its first ship to cruise the Gulf of Thailand in a decade drop anchor with 1,000 Chinese tourists onboard this year.Marriott is due to open a luxury resort in Sihanoukville next year, featuring an 18-hole golf course and a marina. Meanwhile, construction of a bridge connecting the mainland to an island off the coast was completed last year with the same developer building a luxurious resort complete with a casino in the area.According to official figures, foreign visitors to Cambodia’s beaches grew eight percent to 180,000 people. This growth is expected to increase further after the country’s coastline was admitted to the prestigious Most Beautiful Bays in the World Club last year.However efforts to put Sihanoukville on the map were hindered by attempts to diversify Cambodia’s tourist attractions beyond the Angkor temples and the French colonial capital Phnom Penh. This was furthered stalled when in late 2008; Cambodia became one of the few countries in the world without its own domestic airline.A refurbishment of Sihanoukville Airport was completed at the end of 2009; however scheduled flights into this airport were delayed by two years. Critics say this was a result of the country’s “so called” flag carrier, Cambodia Angkor Air (that is 49 percent owned by Vietnam Airlines) generating little interest in developing new domestic destinations, instead channelling tourists in and out of Vietnam.Cambodia Angkor Air marketing executive Kloung Sivly said the relaunch of the scheduled flights, that flew 5,741 passengers to Sihanoukville in the first half of this year, fitted well with the government’s plan to promote links to the seaside resort. Source = e-Travel Blackboard: K.W
Waiting in queues at the airport can be stressful, boring and downright annoying, yet few complaints are heard from passengers using Frankfurt am Main Airport, compared to those at other airports.According to SITA’s (leading specialist in air transport communications and IT solutions) 2012 Transport World Passenger Self-Service Survey, travelers passing though the German airport are embracing self-service options more so than some of the other major airports around the world.The report found that 45 percent of passengers surveyed at Frankfurt am Main used a staffed bag drop station, compared to only 32 percent at other airports.Frankfurt also had double the passengers using unstaffed bag-drop services at seven percent, than other airports and 76 percent of travelers used self-service check-in, in comparison to 68 percent elsewhere.The high usage of self service options has however led fewer passengers to take advantage of mobile phone options, with most (58 percent) respondents preferring paper boarding passes.SITA President Europe Dave Bakker said Frankfurt has “enthusiastically” embraced the do-it-yourself as means of improving their journey.Source = e-Travel Blackboard: A.N Self-service users on the rise in Frankfurt. Image: frankfurt-airport.com
Announced by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Prime Minister and Vice President of the UAE and Ruler of Dubai on Monday, the brand will be used to promote Dubai as a credible, unique and welcoming destination for visitors. The new branding consists of the word ‘Dubai’ written in both Arabic and Roman alphabets to represent Dubai’s mix of cultures and nationalities, as well as its culture of success and resilient, optimistic spirit, because as the locals like to say, there is no such thing as impossible in Dubai. Currently on track with its plan to achieve 20 million visitors by 2020, Dubai has seen another significant step take place as it charges full steam ahead towards Tourism Vision 2020. At the Arabian Travel Mart (ATM) in Dubai this week, the new Dubai branding was proudly launched, ahead of a marketing campaign due to commence later this year. A new website and app have also been designed and will be launched in the coming months. A member of the wider Department of Tourism and Commerce, the Dubai Corporation for Tourism and Commerce Marketing (DTCM) was formed to focus on and drive the international marketing and promotions of Dubai as a leading leisure and business travel destination. With plenty of new hotels, attractions and events opening and offering a vast array of visitor experiences, DTCM are showing the world that Dubai is an unrivalled destination that must be experienced as they work towards seeing it become the most visited city in the world. Taking into account the needs and wants of both business and leisure travellers, DTCM’s primary focus has been the development of a new research based marketing plan that looks at how Dubai’s offerings compare to other world cities, in order to further enhance Dubai’s international profile and status, from a must-see city to a must-visit destination. “The new brand is more than just a logo, it’s a new way of talking about Dubai and a new way of looking at how we will provide value for investors in and visitors to Dubai,” DTCM chief executive officer Issam Kazim said. Source = ETB News: Lana Bogunovich
Stamford Plaza Sydney Airport has been awarded the coveted award of Best Airport Hotel in Australia/Pacific at Skytrax World Airport Awards 2015.The result means Stamford Plaza Sydney Airport has won the title in consecutive years.Stamford Plaza Sydney Airport general manager Kym Carter, said it is a privilege to receive the top award in consecutive years.“The fact that these awards are based on travellers’ votes is even more humbling and rewarding for the team,” Ms Carter said.“Stamford has been implementing ongoing retrofitting and refurbishments to create a better accommodation experience for guests and improving its overall competitiveness. While we are extremely proud of this achievement, the award is also a great motivation to continue being exceptional.”Stamford Plaza’s rooms overlook Sydney Airport runway, ideal for plane spotting enthusiasts and the proximity makes it the perfect choice for travellers and families alike.Skytrax World Airport Awards is one of the industry’s most prestigious with just over 1.56 million airport hotel guests worldwide surveyed, this recognition comes from customer satisfaction across 65 nationalities.Source = ETB Travel News: Lewis Wiseman
Centara Ceysands Sri Lanka takes top honorsCentara Ceysands Resort & Spa Sri Lanka has just been recognized as as “Best new Hotel of the year – Luxury/Upper Segment” for 2015 at the HICSA ‘Hotels of the Year Awards’. The honor came as part of HVS’s 11th Annual Hotel Investment Conference, convened in New Delhi during April 7- 8th.HVS, one of Asia’s leading hospitality consulting firms, created HICSA ‘Hotels of the Year Awards’ in 2009, as a way to acknowledge outstanding new hotel developments in the South Asian region each year. A two-day conference dedicated to the hospitality industry, HICSA is widely viewed by global industry leaders as the premier hospitality event for the South Asian region. Candidates in each of the six categories are deliberated upon during the Conference, resulting in announcements of the winners at the conclusion of the Conference’s first day.The HICSA ‘Hotels of the Year Awards’ have over the years become a highly-regarded means by which new hotels can gain recognition and celebrate success. Since the inception of the Awards, more than 210 hotels have been nominated in the various categories, and this year the event attracted close to 500 delegates from across 21 countries, and was home to lively strategic discussions upon the future development and direction of the hotel and tourism industry in the region.Mr. Sisira Senaratne, Hotel Manager of Centara Ceysands Resort & Spa, commented that he was extremely proud that the Resort was recognized as “Hotel of The Year”. “What could have been a more positive endorsement of all of my team’s efforts at the Resort than this award? We’re all thrilled to have contributed in our different ways to such a successful venture.”Source = Centara Hotels & Resorts
Award winning travel operator APT recently treated a group of its most successful travel agents to an all-inclusive 12-day Douro Delights luxury river cruise and tour from Portugal to Spain.The APT International Top Achievers trip for 2015 saw the group enjoy three glorious nights in Lisbon before setting sail along the Douro River from Porto to Madrid aboard the company’s luxury vessel, MS AmaVida.The group spent 12 days experiencing for themselves APT’s all inclusive itinerary which offers the contrast of two vibrant cities in two very different countries, against the backdrop of Portugal’s Douro river, one of the most picturesque regions of western Europe.APT’s Commercial Manager Retail, Susan Haberle hosted the trip along with the company’s Western Australia State Sales Manager, Jo Ellies and New South Wales Business Development Manager, Rowena Morris.The journey commenced with three nights in Lisbon, discovering Portugal’s capital city, whilst staying at the Four Seasons Ritz Hotel.Travelling up to Porto, they then spent seven nights aboard the MS AmaVida, a stunning vessel with impressive features including a refreshing swimming pool atop the expansive sun deck. Each agent was treated to their own private balcony suite onboard the vessel which is custom designed for the Douro.Following the cruise they explored Madrid, staying at the Westin Palace Hotel in Madrid.Highlights of the trip included APT’s Signature Invitations; a visit to Caldas de Aregos to explore the 14th century Alpendurada Monastery, where the group enjoyed a glass of wine while taking in stunning views of the river valley; and an afternoon visit to the Quinta do Seixo wine centre to learn about the region’s most famous tipple – Port.Commenting on the trip, host Susan Haberle said, “River cruising on the Douro is becoming increasingly popular as more and more travellers fall in love with the travel style and seek out new and exciting destinations. At APT we’ve been leading the way on the Douro so it was an absolute pleasure to be able to share this experience with our top performing agents.” APT TouringSource = APT Touring
Luxury Wellness Resort, Revīvō, to open in BaliSetting a new standard for wellness retreats in Asia, luxury resort REVĪVŌ will be opening on the 30th March 2018 on 3 hectares of lush land in Bali. Meaning “I’ll live again”, the concept of REVĪVŌ is to soothe the spirit and rejuvenate the body through enriching the mind with a complete journey including relaxation activities, spa and holistic medicine treatments, and a personalised nutritional programme. The resort will offer 16 Balinese-style suites, including two 4- bedroom villas that can be booked for more exclusive retreats, a restaurant, bar and pool side lounge, spa, hybrid fitness area and events space.Located amidst the breezy hills of Nusa Dua in south Bali, REVĪVŌ will be surrounded by teak forest, dense tropical rainforest and the Indian ocean for the ultimate decompression from bustling city life. The resort will offer bespoke programs based on each individual’s needs, with the goal of achieving holistic “healing” through mind training and self-awareness, as opposed to treating specific illness or injuries.While each retreat can be tailor-made to suit individual goals, there will be a regular schedule of immersive programs lead by experts in each area, which will range in duration from 3 to 14 days long. This will include:Emotional balance and mind trainingDetox & organic weight lossSleep wellAnti-ageing & longevityDestress & RelaxMother-to-beFitness will be a key component of each retreat, which REVĪVŌ will incorporate through a hybrid fitness area located on 8,000 square metres of verdant and peaceful land towards the rear of the resort. The area will be comprised of a yoga barn, a martial arts hall, a reformer Pilates studio, a gym with TRX, boxing and kinesis equipment, a 25-metre-long lap pool for aqua workouts and a 1,500 square metre landscaped park for outdoor exercises. The fitness offering will focus on hybrid workouts, with as much emphasis placed on inspiration as perspiration. There will be a balance between the more intensive Yang – with heart-pumping HIIT sessions, and the softer Yin – with yoga and other gentler meditative and restorative practices like Qi Gong and meditation to simultaneously cultivate physical, mental and spiritual well- being. From group classes to private sessions or teacher trainings, the experience will be completely customizable to support unique fitness and wellness goals.The food and beverage programme will be equally important and will be comprised of a restaurant, a Bar, and a pool side lounge, each of which will operate under the philosophy of serving fresh, wholesome, organic and balanced meals for guests. Each venue will serve food and drinks as close to their natural state as possible, with a mission to sharpen and delight taste buds, while continuously supporting health. Carefully designed by REVĪVŌ’s creative nutritionist chef, Aliwalu, the menus will offer a selection of healthy recipes made with seasonal ingredients that will be adapted to suit each guest’s nutritional needs. The focus will be on high protein dishes, which have a balanced amount of healthy fats, are low in carbs and free from gluten – with a Balinese twist. Using the finest organic ingredients, REVĪVŌ aims to support local farmers, sustainable agriculture and environmentally friendly products, with no additives, preservatives or refined or processed ingredients in any of the dishes.The third component of REVĪVŌ is the holistic spa, which will bring together authentic ancient Balinese healing traditions, aroma, hydro and chromo therapies and facilities to nurture the body and achieve overall well-being and balance. The spa will stay true to the age-old tradition of using elements from the surrounding environments to heal – each therapeutic treatment, restorative massage and nurturing body and facial treatment will be customised by highly skilled therapists using herbal-infused oils, aromas and massage techniques. The spa will be comprised of five double treatment rooms, each with their own outdoor bath, and will feature two hydro jet Vichy shower beds, hot and chill plunge pools, a Jacuzzi, infrared saunas, steam rooms, gorgeous changing rooms, an aromatic garden and a salt water floating pool set amidst tropical greenery.“We are thrilled to be opening the first resort of REVĪVŌ in Bali, to meet the increasing demand for rejuvenating, mindful travel. We truly believe that the holistic wellness offering, led by a team of experts in their respective fields, will raise the bar for a new level of luxury retreat in Asia,” said Gordon Oldham, Founder, REVĪVŌ.Bali will be the first location for REVĪVŌ Wellness Resorts. It will soon be followed by REVĪVŌ Wellness Cruise, Komodo Islands, in early 2019 and REVĪVŌ Château de Fiac, France in mid 2019.For more information, visit revivoresorts.com or follow us on InstagramSource = REVĪVŌ
Award finalists recognised for fantastic holiday park hospitalityAward finalists recognised for fantastic holiday park hospitalityFive holiday parks are being recognised for the fantastic hospitality they offer their guests, being named today as finalists in the AA Traveller Spirit of Hospitality Award for 2018.This is the sector’s premier award, made to the park which excels in providing an outstanding visitor experience, Holiday Parks New Zealand Chief Executive Fergus Brown says.“To be a finalist in the award is fantastic achievement. All five finalists have demonstrated consistently high levels of customer satisfaction and have received impressive online reviews,” Mr Brown says.“The award is about businesses that consistently go well beyond what would normally be expected.”The finalists are:· All Seasons Holiday Park, Rotorua (winner of the Award in 2017).· Athenree Hot Springs & Holiday Park, Bay of Plenty.· Himatangi Beach Holiday Park, Manawatu.· Miranda Holiday Park, Firth of Thames.· Russell TOP 10 Holiday Park, Bay of Islands.“We are very impressed with both the quality and number of parks that were considered in 2018,” Mr Brown says.The winner of the Award will be announced at the Holiday Parks Conference in Hamilton on 25 July.Source = Holiday Parks New Zealand
TruJet, a regional carrier, which was given 18 routes under Ude Desh Ka Aam Nagrik (UDAN) scheme, is planning to expand its fleet size to eight aircraft by March 2018. The airline is also looking to increase its number of flights to 50 later this year.The airline currently operates 31 flights, which includes four under UDAN scheme to eight destinations with a fleet of five ATR planes.“We currently have five aircraft in our fleet but only four of them are in operations. We are going to have some 7-8 planes in the fleet by this financial year,” said V Umesh, Founder & MD, Turbo Megha Airways. UDAN, which is a regional air connectivity scheme (RCS), seeks to connect new and underserved airports by providing affordable fares.Umesh also said that TruJet is expecting to operate close to 50 flights per day by December, adding, “We are looking to launch all 18 routes under the regional connectivity scheme by the end of next month.” The airline has already commenced services in Hyderabad-Kadapa, Hyderabad-Nanded and Nanded-Mumbai routes under the scheme.
In order to entice the European travellers, Kerala Tourism has planned to target Europe with a budget of INR 7.5 crore following the phase-II of the Promotional Campaign 2017-18.Emphasising on the European market, Kadakampally Surendran, Minister for Tourism, Co-operation and Devaswom, Government of Kerala said, “Considering Europe holds the top slot in the list of high-potential markets for overall tourism growth, Kerala Tourism has activated a rigorous promotional campaign involving diverse products that have the capability to attract travellers from the European countries to Kerala.”Highlighting the growth of state tourism, Rani George, IAS, Secretary, Tourism and Culture, Government of Kerala stated, “Through this promotional and marketing campaign, Kerala Tourism aims to double the foreign tourist arrivals and increase domestic tourist arrivals by 50 %, by 2021. This would require a year-on-year growth of 8.45% for domestic tourists and 14.87% for international tourists.”Under the Promotional Campaign 2017-18 in Europe, Kerala Tourism has planned to utilise all forms of promotional tools under various categories, including television campaigns (INR 3.5 crore), Out of Home (OOH) campaign (INR 2.5 crore), Consumer Travel Mart (INR 1 crore) and Kerala Blog Express (INR 50 lakhs).Bala Kiran, IAS, Director, Kerala Tourism and Managing Director of Kannur International Airport stated, “Under this campaign, Kerala Tourism has continued its focus on promoting the unexplored and pristine destinations of North Kerala such as Bekal, Kannur, Malabar, Wayanad etc. The aim is to scale up the trade and tourism business of the state while establishing new trade connections in the potential markets.”
Organised jointly by the Uttarakhand Tourism Development Council, Garhwal Mandal Vikas Nigam and the Uttarakhand Forest Department, the 29th Annual International Yoga Festival at Parmarth Niketan, Rishikesh brought together nearly 2,000 participants from 94 nations around the world. Inaugurating the festival, Trivendra Singh Rawat, Chief Minister of Uttarakhand attributed the growing popularity of yoga abroad to the avid promotion by Prime Minister Narendra Modi. “It is due to the efforts of our Prime Minister that an International Yoga Day is celebrated annually on June 21 across the world. Today India is giving the message of peace to the world and has introduced the concept of a healthy world through yoga,” said Rawat describing it as the ancient Indian discipline of physical and spiritual well-being.Satpal Maharaj, Tourism Minister, Uttarakhand said, “By giving the unique gift of yoga to the world, India has carved out a separate international identity for itself.” Harak Singh Rawat, Forest Minister of Uttarakhand too added that Rishikesh is the most suitable venue for an event like this as it is hailed as the Yoga Capital of the World. The renowned band, ‘The Beatles’ stayed at Parmarth Niketan in Rishikesh in 1968, where they wrote nearly fifty songs that soon became some of their biggest hits. This year marks the 50th Anniversary of their stay.
Arunachal government has signed an agreement with Entertainment Society of Goa (ESG), an agency formed by Goa government in 2004 that organises International Film Festival of India (IFFI) every year.International Tribal Film Festival will be organised in Arunachal Pradesh every year with the help of ESG to attract the film industry all over the world to shoot their films in the state. The three-day International Tribal Film Festival is slated for January 2019.Pema Khandu, Chief Minister, Arunachal Pradesh said, “We are aware of the boost IFFI has given to Goa to emerge as an international tourist destination as well as an entertainment nerve-centre of the country. We expect the same from the proposed film festival for our state.”Khandu said visits of film and media personalities from across the country and abroad to the festival, as planned would open up gates for film shooting in the state while encouraging local youths and artistes to explore the film and media industry for economic growth.Bollywood Director, Imtiaz Ali has expressed his desire to shoot films in the future in Arunachal Pradesh.Arunachal offers some promising locations for film shooting with its breathtakingly beautiful and scenic landscapes, he said at the launch of the northeast chapter of Old Students Association (OSA) of Hindu College, New Delhi, at Tawang. Rockstar, Highway, Jab We Met are Ali’s Bollywood movies that were shot in Arunachal Pradesh.“I am deeply indebted and will be obliged to do something for the development of tourism in Arunachal through movies,” said Ali.Khandu said tourists always look to visit new places and films inspire a lot. He said the shooting of the film Rangoon in Pasighat has already kindled interest in Arunachal Pradesh among many filmmakers as it offers several unique locations for shooting where no film had been shot before, it added. “A single window clearance system is already in place to attract potential investors such as filmmakers in the state,” concluded Khandu.
Tourism Australia has collaborated with Indian batsman Shikhar Dhawan to show his 11 million social media followers some of the amazing experiences on offer to holiday-makers Down Under.Shikhar’s advocacy will tie into the current UnDiscover Australia campaign which aims to show a different side to Australian travel and uncover experiences that travellers can enjoy beyond the more recognisable icons.“While I’ve strolled around the spectacular Sydney Harbour several times, it is for the first time that I’ve indulged in taking a yacht ride across, and it definitely is a great way to experience the two amazing Sydney icons,” said Dhawan.“During all my previous visits to Australia, I’ve always been fascinated by the natural beauty, unique wildlife, iconic attractions, and the multicultural cities.”“It’s easy to see why it is so popular as a holiday destination for Indians and some of my personal favourite family holiday experiences are also from Australia – including an unforgettable visit to the Great Barrier Reef, sipping the best brews in the lanes of the coffee capital of the globe – Melbourne, and meeting the world’s happiest animals – the quokka at Rottnest Island near Perth,” added Dhawan.Tourism Australia’s Country Manager for India, Nishant Kashikar, said content related to cricket and cricketers is very popular amongst high value travellers from India.“It is great to be able to share a glimpse of Australia through one of the most popular players of the current Indian team,” Kashikar said. “Shikhar is widely followed on social media and having spent personal time in Australia makes him a great advocate to share his own travels and experiences, thereby inspiring Indians to choose Australia as their next holiday destination.”Supporting the UnDiscover Australia campaign, Tourism Australia has partnered with Air Asia X, Air India, Jet Airways, Malaysia Airlines, and Qantas to launch the fifth version of its industry-first initiative, the Great Australian Airfare Sale.
The 3rd Himalayan Travel Mart (HTM 2019) concluded successfully at Soaltee Crowne Plaza Kathmandu attracting more than 700 delegates from 43 different countries including 150+ international delegates and national stakeholders. The four-day event is the biggest and Nepal’s premier international travel and tourism trade show organised and executed by PATA Nepal Chapter in collaboration with the Ministry of Culture, Tourism and Civil Aviation, Nepal Tourism Board, PATA Headquarter, Nepal Airlines and the other prominent Tourism Organisations of Nepal.The mart was inaugurated by the Prime Minister of Nepal, K P Sharma Oli on June 6, 2019. Addressing the inaugural ceremony, PM emphasised the immense tourism potentialities with diversified tangible and intangible products and services including cultural heritage, art and architecture, pilgrimage, yoga, ayurveda, meditation, holistic retreats, etc. with pristine nature, unique climate and the most hospitable people which are unparalleled to attract people with various interests from around the world.HTM 2019 Conference was held on June 7 under the theme ‘The Spirit of the Himalayas’ unveiling a new way forward, new programmes, products and uncovering hidden treasures with new potentials for the Himalayan Nations with Nepal at the helm of this promotional endeavour. The delegates witnessed about 20+ world-class high-value speakers/industry thought leaders, spiritual leaders, mystics, religious gurus, influencers and international tourism experts who shared unparalleled insights on the various subjects including Spiritual Tourism, Adventure Travel Trends, Responsible and Sustainable Tourism, Digital Transformation and New Trends in Tourism, Travel Media Trends, contemporary issues, challenges and opportunities for the development of tourism for Nepal as well as the Himalayan nations.The International Travel Bloggers and Media Conference (ITBMC), an event alongside HTM brought together 40+ international travel bloggers and media as well as hundreds of local media delegates to promote Nepal as the most promising and happening tourism destination. The speakers during ITBMC put emphasis on the role of travel media and bloggers for tourism promotion of a destination and inspired the bloggers/media for creating contents and sharing their experiences about Nepal.A special International Media Briefing Session for Visit Nepal Year 2020 (VNY 2020) campaign was organised during ITBMC promoting and showcasing the country’s offerings and plans for the mega campaign. Suraj Vaidya, the National Program Convener for VNY 2020, made the presentation followed by Q/A session along with NTB CEO Deepak Raj Joshi, PATA Nepal Chairman Sunil Sakya, and NTB Sr Director Nandini Lahe Thapa.This year, the two-day B2B mart held on June 8 and 9 witnessed the participation of 58 buyer organisations from 30 different countries from the USA, Europe, Australia, New Zealand, Russia and CIS countries, Asia and the Gulf Region and 54 exhibitors from six different countries including Nepal, India, Bhutan, Pakistan, Tibet (China) and Thailand; felicitating the opportunity to explore, establish, strengthen or expand their business partnerships and networking opportunities.PATA Nepal Chapter will be organising the 4th Himalayan Travel Mart from June 12-15 in 2020.
November 2, 2012 411 Views in Data, Government, Origination, Secondary Market, Servicing Economists Discuss Electoral Impact of October Jobs Report Agents & Brokers Attorneys & Title Companies Barack Obama Bureau of Labor Statistics Capital Economics Fannie Mae IHS Global Insight Investors Jobs Lenders & Servicers Mitt Romney Politics Processing Service Providers Unemployment 2012-11-02 Esther Cho Friday morning’s jobs report contained some good news with the bad, but analysts doubt there’s enough strength in either direction to influence the upcoming presidential election. [IMAGE]The “”Bureau of Labor Statistics””:http://www.bls.gov/ (BLS) reported the unemployment rate rose slightly to 7.9 percent in October from 7.8 percent in September. Even though the rate increased, the upward movement was due to a rise in entrants into the labor market, not a decrease in jobs. The economy added 171,000 jobs in October, while August and September were revised upward by a combined 84,000. The BLS also noted Hurricane Sandy had no discernible effect on October’s data since the household survey data was completed before the storm. In a written response from “”Capital Economics””:http://www.capitaleconomics.com/, economist Paul Ashworth wrote, “”We doubt that October’s Employment Report is either strong enough or weak enough to have any marked impact on next week’s presidential election.””In its analysis, Capital Economics highlighted both improvements and disappointing figures.[COLUMN_BREAK]Positives found in the BLS report included the increase in the labor force, which grew by 578,000, and the employment-to-population ratio, which reached a three-year high of 58.8 percent. However, the research firm addressed temporary employment, which has been mostly unchanged over the past three months. In addition, average weekly hours worked remained unchanged from 34.4, while the annual growth rate of average hourly earnings slipped to 1.6 percent, a 26-year low, the research firm stated. In the response, Ashworth concluded, “”Overall, this report is sure to be spun politically by both sides. The bottom line is that the labour market remains unusually weak, but whether it is weak enough to prevent Obama getting re-elected is anyone’s guess.””Economist Nigel Gault at “”IHS Global Insight””:http://global.ihs.com/ also questioned the extent to which the report will impact the election’s outcome. “”Politically there was something for both presidential candidates to grab onto. President Obama can point to faster job creation, while Governor Romney can say that the unemployment rate is higher now than in January 2009 when the president took office. On balance the report is better than expected, which should help the incumbent, but not sufficiently so to be a game-changer,”” wrote Gault. “”Fannie Mae””:http://www.fanniemae.com/portal/index.html chief economist Doug Duncan expects the jobs report to be a positive for housing. “”The overall fundamentals–a low interest rate environment, rising housing price expectations, and an improved pace of healing in the labor market–are setting the stage for a solid housing recovery,”” Duncan said. Share
Luxury Real Estate Brand Honors Long & Foster April 23, 2014 607 Views Company News Long & Foster 2014-04-23 Paul Salfen The largest independent real estate company in the country, Long & Foster Real Estate, was named Affiliate of the Year in the large market category for 2013 by Christie’s International Real Estate. The world’s leading luxury real estate network chose the Virginia-based company from 139 invite-only affiliates worldwide based on excellence in branding and marketing throughout the network as well as innovation and leadership benchmarks.The large market category is defined by a population above 1,750,000.Presented at the Global Annual Leadership Conference in Barcelona, Spain, the CEO of Christie’s, Bonnie Stone Sellers, said, “This past year has been an incredible one for Long & Foster, which increased its size by more than a third and strengthened the depth and breadth of its luxury division. A true industry leader, Long & Foster has long been known for its innovative programs and quality services, and we are proud to award the company with this prestigious distinction.”Knowing that they were picked over affiliates from over 45 countries was an honor that the company does not take lightly, having grown to become the largest affiliate as well. Barry Redler, chief marketing officer for based Long & Foster said, “Through the Christie’s network, we’ve strengthened our commitment to offering luxury clients the very best in real estate services, and we’re thrilled to be recognized for our ability to maximize the benefits of our unique affiliation with Christie’s International Real Estate. The Christie’s network truly presents a win-win for both our sales associates and their clients, enhancing our luxury marketing programs and ensuring Long & Foster luxury listings gain significant local and international exposure to exclusive high net-worth clients.”The company sold more than $28.3 billion worth of homes and helped people buy and sell homes more than 80,000 times in 2013. Share in Headlines, News, Uncategorized
CalyxSoftware Product and Pricing Engine 2016-02-15 Staff Writer CalyxSoftware, a provider of comprehensive mortgage software solutions for banks, credit unions, mortgage bankers, wholesale and correspondent lenders, and brokers, recently announced that it has developed separate versions of its Pricer Product and Pricing Engine for portfolio lenders with their own rate sheets (Custom Pricer) and originators looking for investor pricing supplied by Calyx (Investor Pricer).The new, separate versions, used with Calyx Point, eliminate multiple logins, loan program templates, and the need to rekey data. In addition, the bidirectional data flow simplifies processes and improves accuracy and efficiency. Users are able to locate the best deals for their clients, see the street price for borrowers, and lock or float rates and their loans.“Having all loan products in one place, with the ability to check the loan levels for each and see any adjustments, keeps our team on track at all times,” said Bob Dougherty, VP of Mortgage Operations, Merchants Bank, N.A., who has used Pricer for years. “Pricer has sped up production and reduced errors, which helps our originators be more efficient and profitable.”Loan originators can price scenarios instantly and correctly in both versions without using paper, and only eligible rate cards and programs are visible to users. Rate and fee information, including Loan Level Price Adjustments, are automatically imported into loan files. Pricer also sends, tracks and preserves every rate quote and lock request.“The latest enhancements to our Pricer solution are designed to better match the specific needs of both buyers and sellers in today’s more complex, post-TRID, post-QM market,” said Dennis Boggs, EVP, CalyxSoftware. “Our product and pricing engine gives originators the broadest view of what is available.” Share CalyxSoftware Enhances Its Product and Pricing Engine in Headlines, News, Technology February 15, 2016 521 Views
August 8, 2016 663 Views Investor mortgage loans underwritten based on a property’s income may pose unique risks but also possess strengths when compared with similar loans underwritten based on borrower income, according to a report from Moody’s Investor Service released Monday.A lender’s ability to assess borrower creditworthiness is limited when an investor property loan is underwritten based on mortgage payments relative to property level rental income (the property debt-to-income ratio, or property DTI) instead of borrower debt-to-income (borrower DTI).“Although focusing on income from an individual single-family rental (SFR) property relative to its mortgage payments could potentially prove a better gauge of default probability than focusing on a borrower’s financials, such underwriting introduces new risks, for which there is limited historical information to assess,” the Moody’s report stated. “The extent to which lenders effectively address the risks will drive the overall credit quality and performance of such loans.”To address the new risks introduced when using property DTI, lenders are contemplating several options to address the lack of borrower information, according to Moody’s. Those options include incorporating into their underwriting guidelines:Additional equity, higher credit scores, or reserve requirements;Well-defined in-place lease/tenant eligibility criteria; and/orReviews of property owners/third-party managers for proficiency in overseeing rentals.When it comes to strengths, underwriting investor loans based on property DTIs possibly allows lenders to better assess a borrower’s tendency to default relative to property cash flows; a low property DTI indicates a low incentive for the borrower to default, according to Moody’s.A form of property DTI known as debt service coverage ratios (DSCRs) is already being used by lenders in order to assess risk of default on loans backed by pools of single-family rental properties.“Although these loans could provide insight into the potential effectiveness of property DTI underwriting on single-property loans, and thus the performance of future securitizations of such loans, the performance of loans backed by SFR pools is still relatively untested,” the report stated.Click here to view the complete Moody’s report. Borrower DTI investor Mortgage Loans Moody’s Investor Service Property DTI 2016-08-08 Seth Welborn Originating Investor Loans: Property DTI vs. Borrower DTI Share in Daily Dose, News, Origination