Tourism Holdings Limited (thl) has reported operating profits at levels last seen prior to the global financial crisis, according to the New Zealand Exchange (NZX). “The positive results were driven by tight control of costs, operational improvements, the first full-year contribution from our USA motorhome business and a pickup in motorhome rental activity during the 2011 Rugby World Cup,” a spokesperson for thl said. Total operating revenue for the financial year ending June 2012 was NZ$200 million, up eight percent from NZ$186 million the previous year. thl’s US-based Road Bear made its first full-year contribution to the business’ portfolio in 2012. Revenue from rentals for the financial year ending June 2012 was US$16.1 million and revenue from fleet sales was US$18.3 million. “This result was ahead of our expectations when we acquired the business in December 2010 and is an endorsement of thl’s strategy to expand into the USA market,” thl’s spokesperson said. “Moreover, we believe this result is sustainable into the future.” thl’s New Zealand rentals business achieved gross earnings of NZ$5.5 million, resulting in a rise of 175 percent on the previous year’s operations. Increased demand during the Rugby World Cup 2011 contributed approximately NZ$4.5 million. thl’s operating revenue for Australian rentals dropped three percent to AU$70 million due to the difficult tourism trading environment and competitive pricing over the financial year. Despite global industry instability and uncertainty, thl’s board and management expect company profits to continue to improve. “The company is determined to position the business for the expected on-going decline from core visitor markets,” thl’s spokesperson said. “We are pleased with the significant improvement in underlying earnings, especially since it has been delivered against the background of serious and on-going economic uncertainty.” Source = e-Travel Blackboard: P.T US Road Bear RentalsImage Source: thl
Since 2010, Emirates has grown 71 per cent in capacity and has secured the title of the world’s largest international airline by schedule international passenger kilometres.This week Emirates received its 50th A380 aircraft, strengthening its fleet even more to 224 aircraft.Emirates offer on a weekly basis a total of 5.7 billion available seat kilometres (ASKMs) to 145 destinations across the globe.The company began in 1985, and since then the airline has increased its overall capacity by 64 per cent.Emirates Airline president Sir Tim Clark, said Emirates has seen organic growth in the past 4 years, probably the fastest of any airline in history.“We’ve literally added capacity equivalent to what some mid-sized airlines operate, but more significantly, we have maintained high seat loads and profitability,” Sir Clark said.The A380 has been a successful addition to the Emirates fleet and this is reflected in the strong customer interest and high seat factors the airline has had over the last 4 years.Source = ETB News: Tom Neale
By Kentaro Iemoto from Tokyo, Japan (Xiamen Airlines B737-800(B-5386)) via Wikimedia CommonsNSW is the first state in Australia to sign a Memorandum of Understanding (MOU) with Chinese carrier Xiamen Airlines to attract even more visitors from China.The NSW Government, through its tourism and major events agency, Destination NSW has signed the MOU with Xiamen Airlines, with an investment and marketing partnership to promote travel to Sydney and NSW ahead of the launch of new direct services from China to Sydney on November 29.Minister for Trade, Tourism and Major Events Stuart Ayres said the NSW Government continues to drive visitation from China to Sydney and the regions.“I’m delighted we have signed this MOU to jointly market flights from China to our fantastic state, perfectly timed to enjoy the summer months,” Mr Ayres said.“China is the largest inbound tourism market in NSW with 526,000 Chinese visitors last financial year – an increase of 24 per cent on the previous year.”These visitors spent almost $2 billion in NSW, and we are looking forward to the first Xiamen Airlines flights arriving in Sydney in coming weeks.Destination NSW Chief Executive Officer, Sandra Chipchase said the MOU was a result of the relationship NSW had developed with the airline and key industry partners in China.“We are delighted Xiamen Airlines will begin flights between Xiamen and Fuzhou in China to Sydney, bringing more visitors to the State and generating a further $133 million each year,” Ms Chipchase said.“Destination NSW will continue to develop this strong partnership with Xiamen Airlines which will include co-operative marketing, travel trade education and training, media and trade visits.”Xiamen Airlines Executive Vice President, Zhao Dong said: “Our partnership with the NSW Government, through its tourism and major events agency Destination NSW will ensure we give our customers from China the opportunity to experience the many delights of Sydney and NSW.”The five new weekly flights comprise three flights each week from Fuzhou, and two weekly flights from Xiamen. Both cities are in Fujian Province, which has a population of 38 million. Fly Xiamen AirlinesSource = Destination NSW
Source = Hotel St Moritz Hotel St Moritz’ charming alpine lobbyOne of Queenstown’s finest boutique hotels, Hotel St Moritz, has announced a major brand shift within the luxury accommodation market in Queenstown, by joining the Sofitel brand universe.This charming and singular property is now positioned within the newly badged MGallery by Sofitel collection by parent company AccorHotels. As a result of the repositioning, Hotel St Moritz will commence a three million dollar investment in its room inventory for renovation.Having launched its stunning new bathrooms in 2015, Hotel St Moritz is embarking on further transformation this year to completely redecorate all 134 rooms and suites in the property, which overlooks Lake Wakatipu and surrounding mountains.The distinguished design for the rooms retains the hotel’s charming alpine character while incorporating a modern interpretation of luxury, through locally inspired and immersive features filled with heritage, stories and richness.A sample room is underway for the ‘new look’ rooms and suites at Hotel St Moritz.Renowned interior designer Stewart Harris, who has worked with the hotel since its development, coins the design as “elegant, residential, handsome and enviable, with firm landscape references”.Hotel St Moritz General Manager, Jo Finnigan, says she is “extremely excited” to see the new interpretation of luxury come to life throughout the property.“Hotel St Moritz’s unique personality is perfectly matched with the open-minded character of the MGallery by Sofitel brand, and I’m excited to see Stewart bring this to life,” she says.“The ‘new look’ will be timeless with a whimsical twist to perfectly bring ‘charming’ together with ‘luxury’. This next wave of investment for Hotel St Moritz demonstrates our commitment to continuously raise standards for our guest experience.“As newly-appointed General Manager of the hotel, I’m very excited to be driving this next chapter of our story and look forward to unveiling the stunning new rooms and suites to our guests.”Hotel St Moritz was developed by owner and original developer Graham Wilkinson in 1998. The property was selected as founding member of the MGallery Collection in 2008, which now has 75 hotels around the world under the MGallery by Sofitel brand.Hotel St Moritz and Sofitel Queenstown Hotel & Spa property owner Graham Wilkinson said the brand transition was the “key driver” behind commitment to invest further into Hotel St Moritz.“The Sofitel brand is now represented in two extraordinary hotels in downtown Queenstown, offering 216 hotel rooms and suites in total, and by far the largest inventory of five star rooms in the CBD,” he said.The owners are also investing in two key areas of Sofitel Queenstown Hotel & Spa this year, meaning a total investment of over six million dollars into the local tourism market.Sofitel Queenstown Hotel & Spa is focussing on two key areas for refurbishment – its renovation of their luxury Penthouse, a brand-new event room and superior executive lounge and a new bar.The new MGallery by Sofitel positioning strengthens the brand by leveraging the equity of the Sofitel core brand – which has experienced solid success since it was repositioned in the luxury segment in 2007. MGallery by Sofitel is grounded in a clear understanding of market expectations and offers a new interpretation of luxury, based on clear customer segmentation. Hotel St Moritz
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Vietjet converts order for 42 A320neo to A321neoVietjet converts order for 42 A320neo to A321neoVietjet will convert its existing order for 42 A320neo to the superior and larger A321neo, bringing to a total of 73 A321neo and 11 A321ceo on order for future delivery. The agreement was signed recently by Vietjet President and CEO Nguyen Thi Phuong Thao and Fabrice Brégier, Airbus Chief Operating Officer and President Commercial Aircraft.The first A321neo “new engine option”, registered as VN-646, has also arrived at Tan Son Nhat International Airport from Hamburg recently, marking a major milestone for Vietjet as it has become the first airline in Southeast Asia to operate the Airbus aircraft powered by Pratt & Whitney’s latest-generation GTF engines.Fitted out with 230 comfy leather-covered seats and high-quality carpeting, the first five rows of Vietjet’s spacious new A321neo have been especially designed to accommodate passengers flying Skyboss, the airline’s premium service. The aircraft’s interior also features a unique color-changing LED light system and striking décor to create a comfortable and refreshing ambience throughout the whole cabin.The brand new A321neo incorporates the latest in engine design, advanced aerodynamics and cabin innovations. According to the aircraft manufacturer, its GTF engines offer a significant reduction in fuel consumption — at least 16 percent from day one and 20 percent by 2020 — as well 75 percent reduction in noise and 50 percent in emissions.The A321neo is also the 17th aircraft Vietjet has received in 2017 alone, increasing its total fleet to 55. The new aircraft has begun operating on domestic and international routes to and from Vietnam as of January 2018.“We are proud when a dynamic airline like Vietjet endorses our products,” said Fabrice Brégier, Airbus Chief Operating Officer and President Commercial Aircraft. “The A321neo combines higher capacity with the lowest operating costs in its class, offering unbeatable efficiency. This aircraft will be a real asset in Vietjet’s expansion plans in such a fast-growing market. We look forward to seeing the A321neo flying in Vietjet colours.”“The A320 family aircraft has greatly contributed to Vietjet’s impressive operation performances with the airline’s technical reliability rate standing at 99.6 percent in 2017. The aircraft have also helped us maintain some of the lowest operating costs in the airline world,” said Nguyen Thi Phuong Thao, Vietjet President and CEO. “The upgraded A321neo deal once again emphazises Vietjet’s ceaseless efforts to modernize our fleet. We believe that the technical reliability rate and other operation and safety indexes will continue to go up in order to bring maximum comfort, joy and safety to our valued passengers.The A320 Family is the world’s best-selling single-aisle product line and comprises four models (A318, A319, A320, A321) seating from 100 to 240 seats. With more than 5,300 orders received from 95 customers since its launch in 2010, the A320neo family has captured some 60 percent share of the market.Source = Vietjet
Source = Hawaiian Airlines Hawaiian Airlines launches Health & Wellness In-Flight Video SeriesHawaiian Airlines launches Health & Wellness In-Flight Video SeriesGuests onboard Hawaiian Airlines’ transpacific flights now have access to health and wellness video content produced exclusively by the airline for its in-flight programming. The Ola Pono (Live Well) series launched today with videos on pre-flight, in-flight and post-flight stretching and breathing techniques by Honolulu movement specialist Wainani Arnold.“We understand the main purpose of in-flight programming is to entertain, but we knew we could do that while also providing useful and effective content that would enhance the guest experience,” said Evan Nomura, product manager, in-flight entertainment at Hawaiian Airlines. “We’re excited to launch this series featuring local experts and look forward to creating more exclusive content.”Throughout the year, Hawaiian Airlines’ guests traveling between Hawai‘i and any of the carrier’s North American gateway cities or 11 international destinations will be treated to new Ola Pono videos focused on health and wellness within three main areas: land, air and sea.AIRFor the Ola Pono debut, Hawaiian partnered with Arnold, founder of Wainani Wellness Center, to create three videos of stretching and breathing exercises that can be practiced while on board and at the airport. Arnold is a trained choreographer and hula dancer with over 15 years’ experience teaching yoga, pilates, gyrotonic and dance. She credits hula with planting the seed for her growth in all forms of dance and mindbody movement modalities.“Consistent, controlled movements while flying benefit travelers of all ages and can help with blood circulation, stiff joints and jetlag,” she said. “The goal is to take care of yourself during the flight so you can get the most out of your Hawai‘i vacation.”SEAThe series’ second chapter showcases the treasures buried deep within our waters. Renowned Hawaiian surfer, lifeguard and waterman Brian Keaulana and his daughter, Ha‘a Keaulana, take viewers on a journey across Mākaha on the west side of O‘ahu as they explore the island’s rich history and powerful connection to the ocean, while sharing tips on how guests can experience the healing and cleansing properties of our waters.LANDThe final chapter highlights Hawaii’s unique agriculture. Chef Lee Anne Wong, owner of Koko Head Café in Honolulu, visits farms and local markets across the islands to discuss the nutritional benefits of local produce and offers culinary tips on how to create recipes at home. Hawaiian Airlines recently announced Wong will be leading the airline’s complimentary in-flight meal program as executive chef beginning JuneTo celebrate the launch of the Ola Pono series, Hawaiian is holding a Relaxcation Sweepstakes through the end of February to award one lucky winner 140,000 HawaiianMiles, a three-night stay at the Moana Surfrider, A Westin Resort & Spa and a complimentary Heavenly Spa Signature massage for two at the Moana Lani Spa, Waikīkī’s only oceanfront spa. Hawaiian Airlines fans in the United States can enter the sweepstakes by following the airline on Instagram or Twitter and completing the entry form.
Source = Las Vegas Las Vegas continues to take the top spotLas Vegas continues to take the top spotOnce again, Las Vegas maintains its long-standing reputation as the leading destination for business travel. For the 24th consecutive year, Las Vegas was named the country’s No. 1 trade show destination according to the Trade Show News Network (TSNN) “2017 TSNN Top 250 Trade Shows in the United States” list. According to the list, Las Vegas hosted 47 of the largest shows held in the country last year.“Las Vegas has long been considered a top destination for business travel and 2017 proved to be another astounding year,’ said Rossi Ralenkotter, CEO of the Las Vegas Convention and Visitors Authority. “Last year, a record-breaking 6.6 million people travelled to the destination for business and with a number of high-profile projects like the Las Vegas Convention Center District in the works, in addition to new meeting and convention space being added across the destination, Las Vegas is well-positioned to continue the momentum for decades to come. It’s an incredible honor to top TSNN’s coveted ‘Top 250 Trade Shows in the United States’ list for the 24th consecutive year and we look forward to welcoming more shows to Las Vegas in the future.”The coveted list by TSNN represents the largest 250 trade shows held in the country each year, ranked by net square footage. According to TSNN’s rankings, CONEXPO-CON/AGG 2017 secured the top spot with more than 2.67 million square feet of exhibit space at the Las Vegas Convention Center, 128,000 attendees and 2,375 exhibitors.Coming in at the No. 2 spot on the list was the Consumer Technology Association’s CES 2018. The January show spanned 2.6 million net square feet, at the Las Vegas Convention Center and other venues in the city, and drew more than 182,000 attendees.“It’s no surprise that once again Las Vegas snagged the top spot for city with the most 2017 TSNN Top Shows held in it,” said Tarsus Media President Rachel Wimberly. “Las Vegas’ mix of venues, hotels, entertainment, cuisine, gaming and much more is an unparalleled offering in the trade show industry.”Las Vegas’ closest competitor was Orlando with 24 shows, followed by Chicago at No. 3 with 21, and Atlanta at No. 4, hosting 20 shows. To see the full TSNN list, visit www.tsnn.com/toplists-us.The LVCVA is committed to maintaining the destination’s top spot on TSNN’s list. In October 2016, the Nevada State Legislature approved legislation to help fund the expansion and renovation of the Las Vegas Convention Center. The Las Vegas Convention Center District (LVCCD) project, which celebrated a groundbreaking in January 2017, will add 600,000 square feet of exhibit space, new meeting rooms and other amenities, as well as renovating the entire existing property. The project will continue to cement Las Vegas as North America’s premier business destination, allowing shows to grow in both square footage and attendance.In addition to the landmark LVCCD project, confidence in this industry sector is supported by more than USD$15 billion in destination-wide investment including the renovation and development of over 2.8 million square feet of new meeting facilities throughout the Las Vegas area.On 12 April, 2018, leaders from across the meetings and events industry will come together to support the second annual Global Meetings Industry Day (GMID). Las Vegas will join destinations across the globe in celebrating GMID to demonstrate the measurable impact that meetings have on businesses, economies, and communities.Las Vegas Meetings Snapshot:Nearly 22,000 meetings in 2016Record breaking 6.6 million delegates in 2017USD$12.4 billion impact to local economySupports approximately 85,000 jobs
Source = Club Med Say Ciao to Club Med CefaluSay Ciao to Club Med CefaluClub Med is proud to announce the recent expansion of their ‘Exclusive Collection’ with the opening of Club Med Cefalu, Italy, the first luxury 5-Trident resort in the Mediterranean. Located on the northern coast of Sicily, Cefalu has breath-taking panoramic views, situated within a natural reserve of rugged cliffs. The resort will join the likes of Club Med Finolhu Villas to comprise the all-inclusive holiday provider’s exquisite Exclusive Collection, which offers premium guest benefits and personalised services for those looking to relax and enjoy the ultimate hassle-free luxury holiday.Marine Blanchetier, Marketing Manager for Club Med Pacific, says, “We’ve continued to see an increase in travellers seeking high-end luxury accommodation and experiences and we’re proud to be expanding our Exclusive Collection in line with this. Club Med continues to provide amazing services worldwide and we look forward to inviting guests to experience this at Club Med Cefalu. It truly is the ultimate opportunity to unwind, reconnect and embrace the Sicilian art de vivre.”Club Med Cefalu, SicilySituated in a picturesque old town 90 minutes from Palermo airport lays Club Med Cefalu, peacefully positioned away from tourist hot spots, featuring charming winding alleys, a dramatic cathedral and crystal-clear waters of the Tyrrhenian Sea below. Amidst this stunning location with 180-degree views over the bay, Cefalu demonstrates Club Med’s innovation, offering premium guest benefits and personalised services while providing an authentic Italian experience.At Cefalu, guests can enjoy a myriad of water sports including all-new electric surfing, stand-up paddle boarding, scuba diving, a dip in Sicily’s first natural swimming pool in the resort’s Zen Zone, and much more. Those looking to unwind on the shores can enjoy sports like volleyball and tennis or pamper themselves with a world-class beauty experience at the Parisian Carita spa.Three restaurants offer their own take on Sicilian cuisine, with breath-taking views over Cefalu Bay on the resort’s cliff-side terraces. Led by Michelin-star chef Andrea Berton who created the five-star menu at the Il Palazzo Gourmet Lounge, indulge in a selection of fresh local and international cuisine, craft gelato, home-grown specialities counter with streamer arancini, mozzarella in carroza, and granita, all accompanied by Italian, French and international wines, live music in the evenings, and décor inspired by the stars of Italian cinema.The opening of Club Med Cefalu celebrates a milestone for the business, adding a sixth resort to its renowned Exclusive Collection.Exclusive CollectionClub Med’s Exclusive Collection treats guests to luxurious accommodation and design inspired by their surroundings, intimate resort areas with lower capacity, access to private lounges and pools, and complimentary champagne from 6pm – all with Club Med’s signature friendly service and all-inclusive offering. Each Club Med experience is customised to the needs of guests with a dedicated concierge service, private transfers, plus many more resort-specific benefits to discover upon arrival.Club Med’s Exclusive Collection compromises of its most luxurious chalets, villas, resorts and five star spaces across the globe, including:Villas & ChaletsAlbion Villas, Mauritius – private multi-bedroom villas inspired by the essence of Mauritian designFinolhu Villas, Maldives – exceptional private eco-friendly villas just a stone’s throw away from Club Med Kani – barefoot luxury at its best Valmorel Chalets, France – a friendly, intimate setting that sets you on course for an unforgettable family holiday for guests of all agesResortsLa Plantation D’Albion, Mauritius – striking nature and vibrant immersions in the Mauritian art of living, Club Med La Plantation d’Albion will enchant you with its sublime experiences and unique local cultureCefalu – A chic Sicilian paradise set on rugged cliffs offering a perfect haven to soak up the authentic Mediterranean flavours and styles of ItalyFive star luxury spacesManta exclusive space at Kani Maldives – the perfect option for those in search of privacy in paradise without sacrificing the Club Med spiritFor further information visit www.clubmed.com.au
Oman Air concludes 2018 with two more awardsOman Air concludes 2018 with two more awardsOman Air, the national carrier of the Sultanate of Oman, won the Customer Delight Award in a colourful event held in Dubai very recently. The award organized by MENAA (Middle East, North Africa and Asia Award) was received on behalf of Oman Air by its Country Manager for United Arab Emirates, Shahzad Naqvi. This prestigious award is in its fifth year and recognizes remarkable business leaders and companies for their continuing commitment to excellence as well as developing best practices and innovative strategies.Oman Air, was also named as the winner of the ’Asia Pacific Outstanding Airline’ award at the Now Travel Asia Awards held in Chengdu (China) recently. It is the second year in a row that Oman Air has received this award – voted for by the readers of Now Travel Asia magazine.The award was received on behalf of Oman Air by Regional Vice President Far East Hamad Al Harthy and Country Manager Thailand Joe Cusmano. This award recognises the commitment of Oman Air towards travel and tourism in Thailand and Asia Pacific and in providing their guests with quality, comfort and a seamless passenger experience.Commenting on the awards win, Eng Abdulaziz Al Raisi, Chief Executive Officer, Oman Air said:“This is a great way for Oman Air to conclude the year by winning two more awards to the growing long list of awards that we have for this year. These awards are a testament of our superb services and product offerings and it is immensely rewarding to be recognised this way.”2018 has been a stellar year for Oman Air. Apart from winning a multitude of awards and accolades, Oman Air also added 8 brand new aircraft to its growing fleet and opened three new destinations namely, Istanbul in Turkey, Casablanca in Morocco and Moscow in Russia, as well as resuming operations to Maldives.For further information visit: www.omanair.comSource = Oman Air
The Ministry of Tourism (MoT), Government of India recently announced that 8.76 lakh Foreign Tourist Arrivals (FTAs) visited India in October this year as compared to FTAs of 7.42 lakh in October, 2016 and 6.83 lakh in October, 2015. The growth rate of FTAs in October, 2017 over October, 2016 has increased to 18.1%, compared to 8.6% in October, 2016 over October, 2015.This year so far, FTAs during the period January- October 2017 were 79.96 lakh with a growth of 15.8% over same period of the previous year, compared to FTAs of 69.05 lakh with a growth of 9.6% in January- October, 2016 over January- October, 2015.The percentage share of FTAs in India during October, 2017 among the top 15 source countries was highest from Bangladesh (21.66%) followed by USA (11.57%), UK (10.23%), Sri Lanka (3.79%), Canada (3.36%), Germany (3.17%), Australia (3.07%), France (2.81%), Russian Fed. (2.81%), Malaysia (2.76%), Japan (2.44%), Thailand (2.10%), China (1.93%), Nepal (1.66%) and the Republic of Korea (1.48%).Among the top 15 ports Delhi Airport was on top (32.56%) followed by Mumbai Airport (14.02%), Haridaspur Land Check Post (11.29%), Chennai Airport (6.10%), Bengaluru Airport (5.19%), Kolkata Airport (4.55%), Gede Rail Land Check Post (3.02%), Cochin Airport (2.70%), Dabolim (Goa) Airport, (2.58%), Hyderabad Airport (2.53%), Sonauli Land Check Post (1.86%), Ahmadabad Airport (1.77%), Ghojadanga Land Check Post (1.64%), Amritsar Airport (1.53%) and Trivandrum Airport (1.20%) for FTAs in India during October 2017.On e-Tourist Visa, a total of 1.76 lakh foreign tourists arrived during the month of October, 2017, as compared to 1.05 lakh during the month of October, 2016 registering a growth of 67.3%. During January- October 2017, a total of 12.43 lakh foreign tourists arrived on e-Tourist Visa as compared to 7.81 lakh during January- October 2016, registering a growth of 59.2%.The percentage share of top 15 source countries availing e- Tourist Visa facilities during October, 2017 was as follows: UK (18.2%), USA (9.7%), France (6.3%), Germany (6.0%), Australia (4.3%), Russian Federation (4.1%), Canada (3.9%), Thailand (3.7%), China (3.7%), Korea (Rep.of) (2.6%), Spain (2.3%), Oman (2.2%), Italy (2.2%), Netherlands (1.9%) and Malaysia (1.6%).The percentage share of top 15 ports in foreign tourist arrivals on e-Tourist Visa during October 2017 was as follows: New Delhi Airport (53.0%), Mumbai Airport (16.6%), Bengaluru Airport (5.5%), Chennai Airport (5.3%), Dabolim (Goa) Airport (4.5%), Kochi Airport (3.5%), Kolkata Airport (2.5%), Hyderabad Airport (2.4%), Amritsar Airport (2.0%), Trivandrum Airport (1.1%), Ahmadabad Airport (1.0%), Jaipur Airport (0.7%), Gaya Airport (0.6%), Calicut Airport (0.4%) and Tirchy Airport (0.4%).
Agents & Brokers Attorneys & Title Companies Bureau of Economic Analysis GDP Investors Lenders & Servicers Profits Service Providers 2012-09-27 Mark Lieberman in Data, Secondary Market, Servicing Weakening GDP Growth Drives Down Bank Profits Share September 27, 2012 461 Views Real gross domestic product increased at an annual rate of 1.3 percent during the second quarter of 2012, down sharply from the 1.7 percent growth rate reported one month ago, the “”Bureau of Economic Analysis””:http://www.bea.gov/newsreleases/national/gdp/gdpnewsrelease.htm reported. In the first quarter, real GDP, which represents the output of goods and services produced by labor and property located in the U.S., increased 2.0 percent.[IMAGE]The BEA release also included a revised report on second-quarter corporate profits, showing they were slightly higher than originally reported. However, profits for financial corporations were slightly lower than the previous data. The GDP report fell below the market’s expectation, which called for no change of the growth rate and emphasized a moribund economy. The economy had expanded at a 3.0 percent pace in the fourth quarter of 2011.[COLUMN_BREAK]The data released thus far for July, August, and early September suggest no significant change for third-quarter 2012 economic activity, though residential fixed investment is likely to show a strong positive contribution.Personal consumption spending accounted for $35.7 billion, or 85 percent, of the growth in real GDP according to the final estimate, compared with 69 percent in the revised estimate issued one month earlier. Indeed, according to the final estimate, total consumer spending ├â┬ó├óÔÇÜ┬¼├óÔé¼┼ô about 70 percent of total GDP ├â┬ó├óÔÇÜ┬¼├óÔé¼┼ô was down about $4.4 billion from the earlier report.Residential fixed investment, at $7.2 billion, was down from the originally reported $7.5 billion and fell from the $16.1 billion spent in the first quarter of the year.Government spending was reported at $2.48 trillion, unchanged from the earlier report but down $4.3 billion from the first quarter. The drop in government spending subtracted about 0.1 percentage points from the GDP, according to BEA.Overall, the downward revision to GDP reflected declining revisions to inventories ├â┬ó├óÔÇÜ┬¼├óÔé¼┼ô mainly farm inventories – resulting from the summer drought.In economic measurement terms, these data are ancient economic history, since the third quarter ends Sunday, September 30. The advance third-quarter GDP report will be released on October 26.
The “”StoneHill Group””:http://www.stonehillgroup.com/index.asp, which offers mortgage quality control, due diligence, compliance audits, and more, has hired Stephen M. Witters as system administrator.[IMAGE][COLUMN_BREAK]Witters is a computer network and systems administration professional with 11 years of experience in a variety of technologies, including Microsoft and Cisco products. Prior to joining the StoneHill Group, he was a network administrator at Tensar International Corporation.According to a release from the company, Witters’ hiring was necessitated by recent expansions at the company’s Atlanta headquarters and by the addition of a new office in Florida.””Maintaining a state-of-the-art data center and keeping our technology infrastructure secure allows us to continue our compliance to SSAE 16 auditing standards,”” said David Green, president of the StoneHill Group. “”Stephen’s experience and credentials will help us continually grow that infrastructure as we add new clients and develop new mortgage banking services.”” Agents & Brokers Attorneys & Title Companies Investors Lenders & Servicers Movers & Shakers Processing Service Providers 2013-10-03 Tory Barringer in Data, Government, Origination, Secondary Market, Servicing, Technology New,StoneHill Group Expands IT Staff with New System Administrator October 3, 2013 448 Views Share
October 22, 2014 424 Views Refinances Up in August; HARP Volumes Keep Falling Fannie Mae FHFA Freddie Mac HARP Mel Watt Refinances 2014-10-22 Tory Barringer Share Ongoing declines in mortgage interest rates helped spur a pickup in refinance volumes at Fannie Mae and Freddie Mac in August, even as interest in the government’s Home Affordable Refinance Program (HARP) continues to wane.According to a report released this week by the Federal Housing Finance Agency (FHFA), total refinance volumes at Fannie and Freddie came to 131,075 in August, up more than 11,000 from July as mortgage rates slipped slightly to an average 4.12 percent.FHFA described August’s refinance volume as “comparable to levels in 2008.”While overall refinancing activity increased, however, the number of refinances completed through HARP fell again to a combined 14,066—accounting for about 11 percent of total volume compared to July’s 13 percent.Year-to-date, HARP refinances at the GSEs totaled 160,706 as of the end of August, a meager total compared to the 721,813 HARP refinances recorded by this time last year. Despite the hundreds of thousands of Americans still eligible for the program, interest in HARP has steadily fallen off in the last year, prompting FHFA to launch an outreach initiative to educate borrowers on its benefits. So far this year, the agency has hosted events in Atlanta, Chicago, and Detroit in an effort to tap into those markets.Speaking at the Chicago event in July, FHFA Director Mel Watt said HARP numbers are down partly because hold-out borrowers are skeptical about the program.”We are down to the people who don’t believe this is a credible program,” Watt said. “We’ve got approximately $72 million that we’d like to give away in this metropolitan area. People won’t come in and say, ‘I want that money.'”Despite declining volumes, a handful of states continue to see a large portion of HARP refinances as a share of total activity. Year-to-date through August, HARP refinances represented 34 percent of total refinances in Georgia, double the national share of 17 percent. HARP refinances are also popular in Florida, where they account for 32 percent of total volume. in Daily Dose, Data, Featured, Government, News
Down Payment 2017-08-11 Alison Rich Share August 11, 2017 620 Views Before they take their trip down the aisle, many millennials are hitching up for another kind of trip—and it’s taking a big bite out of their bottom line. Destination bachelor and bachelorette parties (think “The Hangover,” but hopefully without lost memory and missing friends) are “becoming the new norm” for many in that demographic, who eschew the traditional night out near home for a getaway to end all getaways, according to a report from Zillow.But instead of just waking up the next day feeling a bit under the weather, these globe-trotting partygoers have another more serious issue to contend with. And one that will stick around longer than a pounding headache or queasy tummy. “Those who attend just nine of these trips in a lifetime will have spent up to $13,788, or 34 percent of a down payment on the median U.S. home,” Zillow reports. Talk about some sobering news.A destination bachelor celebration costs on average $1,532, while a bachelorette fete will run you about $1,106, according to Zillow’s report. “Attending your friends’ bachelor or bachelorette parties can be a trip of a lifetime,” said Jeremy Wacksman, Zillow Chief Marketing Officer. “While everyone’s budget and priorities are different, big ticket expenses like vacations can add up surprisingly quickly—a lot faster than a $19 avocado toast.”Sixty-nine percent of millennials contend that owning a home is necessary to live the American Dream, yet saving money for a down payment is often their biggest barrier to homeownership, Zillow says.So maybe those hometown shindigs aren’t such a bad idea after all. Not-So Wedded Bliss in Daily Dose, Data, Featured, News
The New Zealand High Court has found that the Ministry of Primary Industries was negligent in allowing the deadly Psa disease into the country in 2009, in what is being hailed as a “landmark decision.”The court also ruled that that MPI owed a duty of care to kiwifruit growers when carrying out its biosecurity functions, which Kiwifruit Claim chairman John Cameron described as “hugely significant for the kiwifruit industry and other primary industries.” The entry of the kiwifruit vine disease had a devastating impact on the kiwifruit industry and resulted in many growers losing their entire orchards, and this class-action lawsuit had sought compensation for the losses.”We completely agree with the Judge when she says that the wrong to the 212 kiwifruit growers should be remedied,” he said.”We’ve waited a long time for this day, and we are absolutely thrilled that the Court has held that MPI owed a duty of care and breached that duty when it allowed PSA to enter New Zealand in 2009.”We hope that this significant decision draws a line in the sand for what has been a long and difficult 8 years for growers who could not have brought this action without the support of LPF Group.”The court will now decide what level of compensation should be paid to the growers. The New Zealand government is able to appeal the decision.In a press conference announcing the decision, Kiwifruit Claim committee member said Grant Eynon it was estimated losses of NZ$450 million were incurred as a direct result of the Psa incursion.In a statement, MPI said it is “carefully considering the court’s findings and implications for current and future biosecurity activities.” June 28 , 2018 Leading fruit breeders form alliance to fight risi … Panalpina expands LatAm perishable export network … How Amazon sparked change in grocery industry … Demand for ‘imperfect’ produce prompts Oddbox … “The 500-page document traverses events dating back 12 years, pre-dating the establishment of MPI, and requires a thorough examination. We cannot rush this process,” it said.”Once we have completed consideration of the judgment, a decision will be made on whether to appeal. That decision must be made by the Solicitor-General, not MPI.”Cameron last year told Fresh Fruit Portal Psa entered New Zealand in 2009 in a 4.5kg shipment of pollen from China, and that MPS failed to follow its own protocols in its handling of an import permit for pollen from the Asian country.In his statement today, Cameron highlighted that MPS is the only agency in the country with the mandate to manage biosecurity risks.“MPI knew for many years that PSA was a significant risk to the kiwifruit industry, and if it had done its job properly and followed its own regulations and protocols under the Biosecurity Act, the PSA incursion would not have happened,” he said.“PSA decimated the kiwifruit industry and its impact was far reaching, not only on growers and their individual orchards, but on the New Zealand economy. “We’ve had to fight a really hard and expensive battle to get this decision. Some growers lost everything when PSA hit, their orchards and businesses, their life savings, and for many, the financial and emotional impact is ongoing.”He added the even for those that were able to survive, some suffered a complete loss of income for several years, taking on huge debts to replant their orchards. “We hope that the Government accepts the Judge’s decision and that kiwifruit claim growers can finally be properly compensated for their losses. We look forward to working cooperatively with the Government to achieve this,” he said.Related stories: Psa pain ongoing for NZ kiwifruit industrywww.freshfruitportal.com You might also be interested in
Ahoy Buccaneers is offering an earlybird special across six expedition voyages in March and October 2018, with one free night’s accommodation in a four-star hotel both before and after each cruise.Bookings must be made before 15 March 2017 and is valid for three 13-day cruises in February and March 2018, travelling from Broome to Wyndham or vice versa; and three Buccaneer Archipelago cruises in October 2018, which are seven-day, round-trip cruises from Broome.Ahoy Buccaneers takes guests into areas inaccessible to large ships as they explore the rugged cliffs, spectacular waterfalls and pristine waters of the Buccaneer Archipelago in the Kimberly region of Western Australia. Guests travel on board Oceanic, Ahoy Buccaneer’s 25-guest motor yacht, providing an intimate and relaxed atmosphere, with guests encouraged to help fish or sail the boat.The 13-day Broome to Wyndham cruises depart on 26 February and 26 March 2018, and a Wyndham to Broome cruise departs 12 March 2018. Each costs from $4400 per person (including for solos) in a swag, and from $5500 per person in a cabin, twin-share, or if sharing with another solo passenger. The free accommodation will be at four-star hotels in Broome and also Kununurra, near Wyndham.The Buccaneer Archipelago cruises depart1, 8 and 29 October 2018, and cost from $2200 per person (including for solos) in a swag, and from $2800 per person in a cabin, twin-share, or if sharing with another solo passenger twin-share. Fares include meals and transfers. cruiseKimberley
(L-R): Stacy Harsh, Teagan Greentree and Shari Rokosuka TravelCube has launched a new national sales structure that includes two newly-created Key Account Manager positions and enhances support of the company’s key preferred partners.Former NSW State Manager Stacy Harsh, and former NSW Sales Executive Teagan Greentree, have been appointed to the new sales team roles, effective 5 July 2017. Both will work closely with the company’s preferred retail networks to identify and seize opportunities for growth.TravelCube has also appointed former Sales Manager Queensland, Shari Rokosuka, to the newly-created role of Sales Manager Australia, with responsibility for TravelCube’s experienced team of Account Managers.“Our new structure will ensure that we are doing everything possible to engage with those retail travel partners who support us, and to assist them achieve their sales strategies and growth targets,” said John Stucci, TravelCube’s Vice President Sales and Marketing, Pacific. appointmentsTravelCube
Sydney’s Sheraton on the Park first opened its doors in 1994 as the only five-star hotel located adjacent to Hyde Park, with many of its 558 rooms and suites boasting sweeping Hyde Park and Sydney Harbour views. Now the hotel is undergoing a $40 million renovation of its guestrooms, suites and Executive Club Lounge, scheduled for completion in early 2018.Located on the 21st floor, the layout of the Sheraton Club will be reconfigured to frame the views of Sydney Harbour, Hyde Park and St Mary’s Cathedral, which can be enjoyed throughout the lounge and from the outdoor terraces. The Club entrance will be elegantly defined by Bubinga wooden panels, with sliding doors – inside the individual spaces for guests include a private reading room, an open lounge with fireplace, and an executive board room. The hotel’s Hyde Park location inspired the guestrooms’ colour scheme of subtle pale green and grey tones, with stained, natural oak timber furniture and lush fabrics. hotelsSheraton on the ParkSydney
Air VanuatuairlinessalespecialsVanuatu Air Vanuatu has released super special fares* for the beginning of 2020, departing from Sydney, Melbourne and Brisbane, flying to the Vanuatu capital, Port Vila. Fares are available until 20 March 2020, and are valid for travel in February and March 2020.Fly Sydney to Port Vila from $499 return, Melbourne to Port Vila from $569 return and Brisbane to Port Vila from $469 return. The airline has also extended its current special winter getaway deals from Brisbane, Sydney and Melbourne until 30 August 2019, for travel until 30 May 2020.*Blackout dates apply and flights are subject to availability.