Qantas has announced it will cut its capital expenditure by up to $400 million in 2012/13, in addition to the $500 million announced in February, through deferred fleet expansion plans and modernizing operational practices. Announced this morning the airline’s chief executive Alan Joyce explained the airline is aiming to spend up to $1.9 billion throughout the 2012/13 period, a drop from $2.3 billion the prior year.Cost-cutting measures include delaying the delivery of two A380s from 2013 to 2016/17 while six other A380s will be held off until 2018/19.The airline said it is also considering the future of heavy maintenance operations and expects a decision to be made by mid-May.Mr Joyce explained decreasing capital expenditure would assist the airline deliver its strategic goals.“Our priorities remain to build on a our strong domestic business, enhance Qantas Frequent Flyer, turn around Qantas International and grow Jetstar in Asia,” he explained. The airline’s head added that Qantas hopes to rebuild its business through increasing its domestic capacity throughout 2012/13.The carrier said it will add extra services during peak times on flights between Sydney, Melbourne and Brisbane as well as reintroduce the Boeing 747 services between Sydney and Perth.More A330s will also be added on services on the Melbourne and Perth route while the airline’s subsidiary Jetstar will increase capacity to key leisure markets.QantasLink is also getting a one up with increased capacity across Queensland with the F100 jet service to be added between Brisbane and Emerald.“With Qantas we are targeting our key east coast and east-west business markets – providing an international-standard flying experience on Perth services operating by the Boeing 747 and Airbus A330,” Mr Joyce added.“Jetstar continues to focus on servicing important leisure markets and pursuing growth opportunities across Australia, with significant capacity increases planned on major routes.” The Australian flag carrier’s head concluded that the airline will also look to go ahead with growth of Jetstar Asia while also focusing on retaining its market share down under. Capital costs cuts a must or a major bust? Let us know what you think by leaving a comment below. Source = e-Travel Blackboard: N.J
Source = e-Travel Blackboard: K.W Air Pacific has announced it is turning back time, rebranding and returning to its 1958 name, Fiji Airways.Announced in Fiji today, it is the latest in the airline’s turnaround strategy and comes in a series of initiatives in a 360 degree review of the airline.Click back onto e-Travel Blackboard tomorrow for more information.
Bill Sanderson, Managing Director Challenges and solutions to the difficulties currently imposed on tourism in Thailand were discussed and debated at the Thailand Travel Mart Plus (TTM+) forum.TTM+ 2012 forum was held at the IMPACT Arena, Exhibition and Convention Centre in Muang Thong Thani, outside Bangkok.Deputy Governor for international marketing at Tourism Authority of Thailand (TAT) Juthaporn Rerngronasa welcomed delegates to the TTM Forum entitled ‘Customise Your Experience in Thailand’.“TTM Plus has brought together 380 sellers and more than 400 buyers from across the globe.“This forum is focused on travellers with special interests that wish to customise and control their visit,” Ms Rerngronasa said.Bill Sanderson managing director Bill Sanderson Ltd. entertained and informed attendees, stressing the importance of business performance, branding and effective management.“Business is so important. In order to succeed you need to implement a business-minded, managed approach to everything you do.“Business cannot survive on knowledge. Business survives on knowledge put to use.”Mr Sanderson highlighted the significance of developing an experience and emphasised marketing Thailand as a “different” destination.“Customers buy the difference. The difference for Thailand right now is simply exceptional.“Nowhere in the world do the people deliver more than in Thailand. It’s the experience that matters and your success will follow your capacity to create a great experience,” Mr Sanderson said.A panel discussion featuring a range of specialised products, sectors and operators was also presented to buyers and sellers.Golf, health and wellness holidays, the benefits of eco-tourism and wedding and honeymoon packages were examined and proposed as the key to Thailand’s tourism future during the session. TTM+ was first introduced in 2001 and continues to be recognised as a powerful platform for buyers and sellers to network and learn about what’s on offer in Thailand.The Thailand Travel Mart Plus runs from 6 June to 8 June at the IMPACT Arena and is hosted by the Tourism Authority of Thailand. Source = e-Travel Blackboard: P.T
Source = e-Travel Blackboard: P.T British authorities force sale of airports. London’s Stansted Airport will reportedly be sold to Manchester Airports Group for £1.5 billion pounds. In 2009, the UK Competition Commission ordered Heathrow Airport Holdings to sell London Stansted Airport on the grounds that the operator had an unfair market advantage over its rivals, Fox News reported.The company was also forced to sell airports in Gatwick and Edinburgh, leaving its total ownership at four airports, down from the seven it originally possessed.London Stansted is the British city’s third busiest aviation hub.The sale is expected to be completed by the end of February 2013.
Australian businesses continue to develop their association and rankings within the global TripAdvisor community, cementing their endorsement of the user-review website.TripAdvisor’s Australian contingency of ‘Certificate of Excellence’ award recipients has doubled in the last year to 4788 businesses in 2013.The top 10 percent of listed businesses worldwide receive the TripAdvisor ‘Certificate of Excellence’; an honour which highlights consumer demand for the highest-rated products.Sydney jumped four places this year to reach TripAdvisor’s worldwide top ten traveller’s choice destinations, amplifying the awareness of Australia throughout TripAdvisor’s extensive community.Queensland was home to the most ‘Certificate of Excellence’ winners, with NSW and Victoria following closely behind.TripAdvisor’s reverence within the online travel community has been steadily growing since the company’s inception in 2000.The TripAdvisor brand has flourished over the years through the development of joint initiatives, such as its ‘instant personalisation’ partnership with Facebook in 2010 and integrated reviews on Australian flight-comparison website Webjet in 2012.“We are living in an increasingly social environment… when it comes to our online presence, people are more interested in communication and sharing opinion as a means of consumer engagement,” TripAdvisor global vice president of sales Julio Bruno Castellanos told ETB News.“Our reviews database is full of return users, which afford us a level of credibility… these same people uphold the integrity of the website through their passion and dedication for safeguarding the product.”The Australian ‘Certificate of Excellence’ award winners 2013 will be honoured on 13 June with a cocktail reception in Sydney.Source = e-Travel Blackboard: P.T. Australian ‘Certificate of Excellence’recipients double year-on-year.
The managing director (MD) of the International Passenger Protection (IPP) insurance company has been recruited to assist with the development of the Australian Federation of Travel Agents’ (AFTA) travel industry transition plan (TITP).The announcement comes less than two weeks after AFTA announced it had won a $2.8 million grant for the development and implementation of the new accreditation scheme.Expected to arrive in Australia in August this year, the MD will be responsible for providing commercial solutions that form an important part of the arrangements being developed under the TITP.“As we start to understand the full detail for the delivery of the insurance products required to help travel agents better protect themselves and their clients, this visit is a critical step in the process,” AFTA chief executive Jayson Westbury said.“IPP stood out from the pack and I am really excited that the reality of consumer protection insurance products will mean that travel agents, be they big or small, will be able to provide solutions to address customer protection polices into the future.“One of the other important facts is that as IPP is a large insurance company any travel agent be they a member of AFTA or not, will be able to consider implementing appropriate commercial solutions that are fit for their business be they big or small.”The development of the new TITP comes as AFTA unwinds the TCF in favour of a new accreditation scheme designed to cater to agents in the modern world. The TCF is expected to cease operations by mid to late 2015.Source = ETB News: NJ International Passenger Protectioncompany to offer commercial solutions.
Japanese travellers capitalise on Canada’s cool climate. “Consumers from other countries will have to hurry; Japanese tour operators are snapping up all the airline seats and locking down hotel-room blocks as fast as possible.” “This campaign is designed to educate, excite and engage Japanese consumers as well as pushing them further and faster down the path to purchase in one of Canada’s coldest yet most welcoming destinations,” CTC-Japan managing director Maureen Riley said. The Canadian Tourism Commission (CTC) has launched a new campaign designed to excite, educate and attract Japanese travellers. The CTC will also invite a group of Japanese super bloggers and aurora borealis fans to visit Canada in September 2013, to experience the aurora first-hand; sharing their stories and images. The new campaign is due to run seasonally for the next three years, in partnership with Tourism Yukon, Northwest Territories Tourism, Travel Alberta and Air Canada and a range of tourism operators. The Japan office of the CTC has released the ‘Aurora Kingdom, Canada’ online campaign, highlighting Canada’s status as the world’s top destination to view the natural spectacle and showcasing a wealth of other experiences available to Japanese consumers. Source = ETB News: P.T. Other popular activities for Japanese visitors include dogsledding, ice fishing, First Nations culture and trips along the ice highway. The marketing campaign will also features personal stories written by Japanese journalists, as well as an array of content and information by local Canadian tourism businesses.
Source = Realview Digital – Kiara Codemo Travel Brochures and Visitor Guides delivered via SMS www.realview.comTravel Brochures and Visitor Guides delivered via SMSEstablished digital publishing company Realview Digital announces the highly anticipated release of PARTICA, a solution which allows travel and tourism operators to deliver their brochures and visitor guides via SMS, straight into the hands of travelers.The drastic shift of digital behavior over recent years has seen a huge increase in mobile content and media consumption, with eMarketer predicting that this year, 73% of Americans who research their travel options digitally will do so using a mobile device. It is this trend that is sparking travel and tourism operators to rethink how best to engage readers on their mobile device. Many are moving away from flipbook solutions for their guides and are seeking out effective and lucrative new avenues to engage directly with the mobile market.Created specifically with the marketing challenges of travel and tourism operators in mind, PARTICA pulls together the most in demand native mobile features such as two-way SMS, tap-to-call, tap-for-directions, and easy print-to-digital-ad conversion, to help publishers strengthen their content marketing and audience development strategies for mobile.“With an unprecedented open rate of 99%, SMS content delivery is undoubtedly driving the mobile marketing revolution for the travel and tourism industry,” says Realview CEO Richard Lindley in response to the success of PARTICA’s limited prerelease. Publishers are already witnessing a substantial increase in reader pick-up rates and discoverability of their digital guides, brochures, and magazines since employing the use of the PARTICA mobile-first solution. “All travelers need to do is text a keyword that we advertise on a billboard, on the train, in a visitor information centre, or in the airport arrival zone, and they will be immediately delivered the latest HTML5 version of their guide to their phone,” says Tom Raggatt, CEO of HWR Media and Communications, who has been trialing the technology with Realview for Tourism South Australia. “With PARTICA’s easy SMS delivery system, readers are no longer burdened with needing to scour the app stores for our content, we deliver the content straight to them as soon as they request it.”Two-way SMS and sponsored SMS opportunities are also opening the door for travel operators to generate new streams of revenue by offering advertiser incentives that many other operators have been slow to embrace. The rise in printing and distribution costs for brochures and guides are a keen motivator for many travel operators to adopt a mobile-first publishing strategy, with Raggatt citing that their move mobile will help them see greater return, for less.While still early days into the launch of PARTICA, Realview is already seeing a following of Travel and Tourism publishers who are embracing the platform. HWR Media & Communications have been working closely with Realview to ensure the needs are met of not only travel operators but tourism marketing associations, advertisers and the many stakeholders involved in tourism. Tom Raggatt, CEO of HWR said, “we have had a great relationship with Realview and really wanted to extend the current print and digital platform into an accessible mobile form that would complement the print product benefiting all stakeholders, from the smaller micro tourism business, that has a limited budget and limited knowledge of where they should invest their marketing dollars and why. It’s groundbreaking stuff, it really is.”To receive a sample guide on your mobile, SMS the keyword DUESOUTH to 646 930 5212Travel operators can find out more information about PARTICA by visiting http://www.mobiletravelpublishing.comAbout Realview Digital Realview Digital creates dynamic mobile-first publishing and content marketing solutions with clear revenue opportunities for content creators. With a business model built on progress and a 17-year history of technological innovation, Realview Digital is the publishers’ choice for digital strategy and service.The Australian company currently works with an established international client base of diverse publishers including The New Yorker, National Geographic, Flight Centre, Virgin Australia, and the Sydney Film Festival. Realview Digitaldiscover more here
EEAA recognised for the positive impact of its industry advocacy by global peak bodyThe Exhibition and Event Association of Australasia’s (EEAA) achievements in government advocacy have been recognised by industry peers in the inaugural Global Exhibition Day Awards 2017.Awarded the Industry Impact Award, the Association’s activities for Global Exhibitions Day 2017 was judged by The Global Association of the Exhibition Industry (UFI) and Exhibition World as having had ‘the most positive impact supporting exhibitions as an industry’.The EEAA campaign included engaging all tiers of government to promote the importance of the industry as an economic driver and was directly responsible for delivering new advocates for the sector in Canberra.EEAA Chief Executive, Joyce DiMascio, said it was a great honour to be recognised on the international stage.“We are very pleased to have been acknowledged for our comprehensive campaign to support the advocacy efforts of UFI and to be among some of the leading global companies recognised through these awards,” said Ms DiMascio.The Awards, established by Exhibition World in partnership with UFI, sought to acknowledge and reward the best activity around Global Exhibitions Day 2017 – which took place on 7 June.The Global Association of the Exhibition Industry (UFI) Managing Director, Kai Hattendorf, praised the EEAA’s work in helping bring greater political awareness to the value of the sector.“As a ‘hidden giant’, the exhibition industry is challenged to raise awareness for its issues among political leaders. This makes advocacy work such a vital part of the everyday work for industry associations,” said Mr Hattendorf.“Only in its 2nd year, Global Exhibitions Day (GED) was celebrated in 77 countries and regions all around the world, as exhibition industry professionals everywhere stepped up to raise awareness for the important role exhibitions play to develop economies and societies globally.“EEAA has used Global Exhibitions Day as an opportunity to seek out new allies, writing to 75 parliamentarians (on both sides of the Parliament), business leaders and industry stakeholders around the country to deliver the #GED17 message.”EEAA also congratulates Gold Members Info Salons Group and Ungerboeck Software International who were among those recognised in the Awards for their ‘ambitious online marketing initiatives’.Other winners were:Amsterdam RAI for ‘Most Creative Activity’Fondiazione Fiera Milano – Fondazione Fiera Milano – Accademia Fiera Milano for ‘Highest Profile Online Activity’, andBombay Exhibition Centre, NESCO, Goregaon (E), Mumbai (India) for ‘Biggest Scale Physical Activity’.RUEF, Russia and AEFI, Italy were also jointly awarded the GED Champions Award for offering ‘the most diverse support for the initiative’.“Our advocacy agenda is highly targeted and effective. Initiatives such as Global Exhibitions Day give weight to our own efforts and are important for strengthening our collective voice. We will continue to add our weight to this annual campaign,” said Ms DiMascio.Source = EEAA
Vietjet connects Ho Chi Minh City with Cambodian capital Phnom PenhVietjet connects Ho Chi Minh City with Cambodian capital Phnom PenhVietjet has started selling tickets for the Ho Chi Minh City (Vietnam) – Phnom Penh (Cambodia) route with prices starting from onlyVND199,000 (USD8.8 excluding taxes and fees). The new route will be put into operations as of November 24, 2017, looking to meet the trading and traveling demands between the two famous economic and financial hubs of Vietnam and Cambodia.The Ho Chi Minh City – Phnom Penh route will be operated daily roundtrip with the flight time of 45 minutes per leg. The flight departs from Ho Chi Minh City at 17:35 (local time) and arrives in Phnom Penh at 18:20 (local time). The return flight takes off in Phnom Penh at 19:30 (local time) and arrives in Ho Chi Minh City at 20:15.The promotional tickets for this new route are available for booking within the golden hours from 13:00 to 15:00 daily at www.vietjetair.com or at www.facebook.com/vietjethongkong. Payment can be easily made with debit and credit cards of Visa/ Master/ AMEX/ JCB/ KCP.Phnom Penh Capital is the largest city, and the political, cultural, trade centre of the Kingdom of Cambodia. Together with Siem Reap, Phnom Penh attracts a lot of tourists with the many magnificent Khmer architectural buildings, typical cultural styles and many exquisite handicraft shops.With its high-quality services, special low-fare tickets and diverse ticket classes, Vietjet offers its passengers enjoyable flights with a dynamic and friendly flight crew, comfy seats, delicious hot meals and other special surprises served by the airline’s friendly and beautiful flight attendants.Source = Vietjet
Subscribe now for two day pre-sale for Nye ticketsSubscribe now for two day pre-sale for Nye ticketsSydney’s newest New Year’s Eve vantage point, Barangaroo Reserve, will again host one of the city’s best options to ring in 2018, with tickets on sale this week.Tickets to New Year’s Eve at Barangaroo Reserve are expected to sell out in weeks. To beat the rush, an exclusive two day pre-sale for Barangaroo enews subscribers goes on sale today, Tuesday, 3 October, at 12pm.To access this exclusive pre-sale offer, the public must subscribe to the Barangaroo enews. All remaining tickets will go on general sale to the public at midday on Thursday, 5 October.This year, Barangaroo has teamed up with Together with Solotel, the award-winning catering arm of Bruce Solomon and Matt Moran’s Solotel group, to provide an exquisite New Year’s Eve menu to suit every taste and budget. Offerings range from: North Bondi Fish – serving freshly shucked oysters to fish and chips; Chiswick – serving their famous slow roast lamb shoulder; The Erko – burgers, ribs and wings straight from the smokehouse or Goros, serving Yakitori and other delicious morsels.New Year’s Eve at Barangaroo Reserve is one of the best value options in the city with tickets starting at just $40 per person for adults and $5 per child.Hosting its third New Year’s Eve, Barangaroo Reserve has quickly gained a reputation as a family-friendly location with tickets selling out in six weeks in 2016.Providing stunning views of the Sydney Harbour Bridge, Barangaroo Reserve is the easiest of all the harbourside venues to access via public transport to enjoy the globally-recognised and internationally acclaimed spectacular fireworks in Sydney.Barangaroo Delivery Authority, Executive Director, Activation and Precinct Management, Sandra Bender, said: “Sydney proves again and again why its New Year celebrations are world famous. Barangaroo Reserve provides an excellent vantage point with a spectacular backdrop to the Harbour Bridge.“Our vision is to make Barangaroo a wonderful place for all people. Limiting the numbers to 10,000 helps maximise the comfort and safety of the public while welcoming in 2018.”Gates openThe gates on Hickson Road will open at 6pm and there will be roving and staged entertainment throughout the park before and after the 9pm fireworks.The car park under Barangaroo Reserve will not be open on the night. An accessible viewing area is available on the night; however, bookings are essential. Bookings to be made firstname.lastname@example.org.For information about New Year’s Eve across Sydney and transport options, visitwww.sydneynewyearseve.com.For more information about New Year’s Eve 2017 at Barangaroo Reserve, please visitwww.barangaroo.com/see-and-do/whats-on/new-years-eve/.Source = Barangaroo Reserve
Australia’s biggest airlines sign MOUs with Western Sydney AirportWestern Sydney Airport has entered into memoranda of understanding with the Qantas Group and Virgin Australia Group.The MOUs will see the airlines provide insights into designing and planning Western Sydney International (Nancy-Bird Walton) Airport, as well as having early discussions around future Qantas, Jetstar, Virgin Australia and Tigerair services using the Airport.Western Sydney Airport Chief Executive Officer Graham Millett said the MOU is a tremendous vote of confidence in Sydney’s new international airport from Australia’s airlines.“The insights we’ll gain from working with the airlines help us build an airport that people will love using,” said Mr Millett.“Australian airlines have long been advocates of Western Sydney gaining its own airport. We look forward to working with them as we deliver jobs and opportunities to the region.”Qantas Group Chief Executive Officer Alan Joyce said Western Sydney International was as important part of Australia’s aviation future.“Given the size and significance of New South Wales to the national economy, a second airport is exactly what we need to keep growing. The potential is huge,” said Mr Joyce.“It’s not often you get to help design an airport from scratch, so we’re really pleased to be part of it. This a chance to create a great experience for passengers and a high level of efficiency for airlines, which helps us keep fares lower.”Virgin Australia Group Chief Executive Officer and Managing Director Paul Scurrah said that the MOU was a great example of industry partners working together to help shape the best travel experience.“Western Sydney has the unique opportunity to build a new airport from the ground up to meet the evolving needs of future passengers,” said Mr Scurrah.“This agreement offers a chance to collaborate early in the planning phase. We’re looking forward to sharing our ideas to help make the airport a great experience and ensure it supports future operational requirements.”The MOU will see the organisations collaborate on a range of elements, including:passenger terminal and boardingtechnology and innovation opportunities, particularly around baggage handling, security and customer serviceairport access, including train stations, parking and rideshare facilitiesair freight and cargo facilitiessustainability, including resource reuse and recyclingWhen Western Sydney International opens in 2026, it will be the closest airport for around 2.5 million people. As the country’s third largest economy and home to one in 10 Australians, Western Sydney is booming.The MOUs represent a significant next step in the development of Sydney’s new international airport.Source = Western Sydney Airport
I attended all three days and must say that this has been the best OTM so far. It was worth visiting and was very useful to me and for lots of others whom I met during OTM. The atmosphere and the placement of stalls and food provided was of top class and I continued to visit all three days.
Switzerland Tourism announced the launch of its winter campaign for 2016 and ‘Nature wants you back’ campaign for summer 2017. The winter campaign will focus on all the action and adventure that can be explored in Switzerland, with the tagline ‘You can…but you don’t have to’.The summer campaign ‘Nature wants you back’, to be led by Brand Ambassador Ranveer Singh was also launched. The campaign tag line is the perfect expression of how one chooses to be #INLOVEWITHSWITZERLAND, have an adventurous adrenaline filled vacation or a leisurely, relaxed trip whilst taking in the beauty of the breath-taking nature, scenery and serenity of the country.The campaigns launched in presence of the tourism partners of Switzerland– Zurich, Basel, Ticino, Matterhorn and Swiss International Air Lines, hopes to further increase and sustain the double digit growth of 16% seen in 2015-2016.Claudio Zemp, Director– India, Switzerland Tourism, said, “With a versatile and energetic personality like Ranveer Singh on board, we would like to showcase that Switzerland is not only about scenic beauty but also has many activities and adventures to offer to the more experiential Indian traveller. Winter is coming up and is an absolutely beautiful time to visit Switzerland. One can enjoy various winter activities and explore their hidden passion for adventure with sports such as skiing, snow-shoe trekking, tobogganing. Ranveer’s next trip is going to be in winter.”Ritu Sharma, Deputy Director- India, Switzerland Tourism, said, “Although Indians love to go on a vacation during the summers, we do hope for a change after this campaign. Apart from the picturesque natural beauty, Switzerland is also a complete package for families and honeymooners who are not only looking at a relaxing vacation but also crave some adventure.”
Maharashtra Tourism Development Corporation (MTDC) participated in ITB Berlin 2017 held from March 8-12, 2017. MTDC participated with the stall space of 89 sq meters that effectively promoted the essence of Maharashtra at the exhibition.The theme of the stall this year was ‘Wada’, which is the traditional residential form of Maratha architecture, evolved under the reign of Peshwas. A wada is typically a large building of two or more storey with groups of rooms arranged around open courtyards. Some of the famous wadas are Vishrambaug Wada, Dhepe Wada and Puneri Wada located in Pune city.MTDC also actively showcased and promoted the medical tourism industry, city tours, wine tourism and mine tourism. This year, the event was inaugurated by Minister of Tourism, Government of Maharashtra, Jaykumar Rawal, in the presence of Valsa Nair Singh, Principal Secretary- Tourism and Culture, Government of Maharashtra; Dr K H Govinda Raj, Managing Director, MTDC; Swati Kale, General Manager, MTDC and other officials.Commenting on the occasion, the Minister stated, “The Wada design has been the hall-mark of home construction for several centuries in Maharashtra. ITB Berlin is an ideal platform to attract international tourists and display the heritage of the state. Our marketing strategy for this year is ‘Visit Maharashtra Year 2017’ as declared by Chief Minister of Maharashtra, Devendra Fadnavis. As a step to achieve the same, we look at this as an opportunity to promote Maharashtra Tourism internationally and encourage tourists to visit the spectacular and diverse state.”Adding further, Valsa Nair Singh said, “The Wada theme will highlight the heritage of Maharashtra with the sole intention of creating and increasing awareness for public space as lively cultural spaces. ITB is an incredible platform that offers opportunities to travel & tour operators to interact with foreign buyers, retail buyers, exhibitors, policy makers and investors. We look forward to showcase our tourism strengths and connect with people from across the globe to exchange thoughts and ideas.”
Korea Tourism has appointed Michael Kwon as the new Director of Korea Tourism Organisation (KTO), India Office. The new Director will be heading the India office for next three years.Formerly working as the Director of International Tourism Strategy team at Korea Tourism Organisation head office, he has all-round exposure across different verticals of KTO like HR, Planning & Coordination, Inbound Marketing & Performance Evaluation. He was the Deputy Director of KTO Chicago office between 2005 & 2007 and had successfully established KTO office in Jakarta in 2011.Kwon, holding a major in tourism, has been associated with KTO for 25 years and is also a certified Public Labor Attorney in Korea.
Israel witnessed a phenomenal growth of 58% in Indian visitor arrivals in the month of October this year as compared to the same period the previous year. Israel, for the second consecutive year, has broken its tourism record in India along with reaching a whopping three million tourist mark this year. More than 49,000 Indians have already visited Israel from January to October 2017 marking a growth of 34% from January to October vis-à-vis the same period last year as per statistics released by Israel Ministry of Tourism (IMOT).Speaking about the positive growth, Hassan Madah, Director, Israel Ministry of Tourism India said, “This has been the best year of incoming tourist arrivals for Israel and India continues to be an important contributor for us. Our effort towards promoting Israel as a dynamic holiday destination as opposed to its otherwise restricted perception as a religious destination is yielding positive results and we are witnessing successful outcomes of our increased investments in the Indian market.”He also added that tourism is an important contributor to the Israeli economy and since the beginning of the year, tourism has brought in $4.1 billion into the economy. In 2016, 45,000 Indians visited Israel and they have surpassed that number by October itself this year. “We are hopeful to welcome 60,000 Indian arrivals to Israel by the end of 2017,” mentioned Madah.As Israel reaches its all-time record, and 2017 is expected to close as Israel’s record year for incoming tourism, Yariv Levin, Tourism Minister, Israel said, “This is a special day and a historic milestone as we break the 3-million-tourist barrier and we are set to end the year with an amazing achievement.The huge investment that we are making in marketing Israel around the world and our collaborations with airlines and tour operators are bearing fruit.”
Share in Data, Government, Origination, Secondary Market, Servicing After reaching a two-year high in July, the Pending Home Sales Index (PHSI) fell in August to 99.2, the lowest level since April, the “”National Association of Realtors””:http://www.realtor.org/news-releases/pending-home-sales-decline-in-august (NAR) has reported. Analysts had expected the index to rise to 102.2, but the index declined in three of the four census regions.[IMAGE]The drop in the PHSI followed a previous report revealing that new home sales for August were essentially flat as compared to July, moving down 0.3 percent. The slippage in both the PHSI and new home sales ├â┬ó├óÔÇÜ┬¼├óÔé¼┼ô both of which are based on contracts, not completed transactions ├â┬ó├óÔÇÜ┬¼├óÔé¼┼ô dampens the outlook for home sales. Data from the PHSI are generally reflected in the report on existing home sales two months out, indicating that the August PHSI findings likely mean weaker homes sales when October’s survey is released.Since April, the PHSI has vacillated, with numbers trending downward in April, June, and August, while increasing figures were recorded in May and July. The NAR though pointed to a longer trend: even with the August drop, the index is up 10.7 percent in the last year. [COLUMN_BREAK]The drop in the August PHSI follows a string of positive housing indicators: increases in existing and new home sales in July, increases in the Case Shiller Home Price Indexes for July and continued increases in builder confidence in September and in housing starts in August. Both the median and average price of a new single family rose in August. The only negatives in recent reports were a slight drop in housing permits in August and in the median price of an existing home in August.The PHSI, according to NAR, has improved year-year for 16 straight months, up 10.7 percent in August, a slight retreat from July when it was up 12.6 percent year-year.Regionally the PHSI improved only in the Northeast, where it rose 0.9 percent to hit 78.2 in August, representing a 19.9 percent uptick year-over-year. In the Midwest, the index declined 2.6 percent to 95.0 in August but remains 19.9 percent higher versus the same month during 2011. Pending home sales in the South slipped 1.1 percent to an index of 110.4 for the period, but are 13.2 percent above August 2011. In the West, the index declined by 7.2 percent in August to 102.5, showing a 4.2 percent drop year-over-year. NAR noted that the poor numbers in the West are attributable to “”broad inventory shortages.””Lawrence Yun, NAR’s chief economist, noted,””The performance in month-to-month contract signings has been uneven with ongoing shortages of lower priced inventory in much of the country, and across most price ranges in the West.””The index is based on a large national sample, representing about 20 percent of transactions for existing-home sales. An index of 100 is equal to the average level of contract activity during 2001, which was the first year to be examined, as well as the first of five consecutive record years for existing-home sales; it coincides with a level that is historically healthy. September 27, 2012 422 Views August Pending Home Sales Show Surprising Decline Agents & Brokers Attorneys & Title Companies Company News For-Sale Homes Home Prices Home Sales Investors Lenders & Servicers National Association of Realtors Pending-Home Sales Service Providers 2012-09-27 Mark Lieberman
April 22, 2013 453 Views in Data, Government, Origination, Secondary Market, Servicing New,Industry Vet Joins ServiceLink as SVP of Corporate Development In Pittsburgh, “”ServiceLink””:http://www.servicelinkfnf.com/index.html, an end-to-end origination, servicing, and default solutions provider for mortgage lenders and servicers, named Mike Zwerner as SVP of corporate development.[IMAGE]In his new role at the company, Zwerner will direct the marketing and communications teams, oversee expansion of key partner relationships, assist in the development and oversight of corporate business development, and help facilitate divisional strategic synergy and execution.””ServiceLink has experienced tremendous growth over the past few years and we are aggressively focused on expanding our market reach and offerings,”” said Kevin Coop, EVP of enterprise strategy at ServiceLink. “”With this growth comes a need for additional seasoned leadership and Mike’s experience in the areas of corporate strategy, business development and marketing will make him an invaluable member of our senior management team.””Zwerner is a veteran sales and management professional with more than two decades of industry experience under his belt. He most recently served as SVP of business development and marketing for Interthinx, where he was responsible for the company’s overall corporate strategy, merger and acquisition activities, strategic partnerships, and oversight of the company’s marketing and public relations activities.His prior roles include VP of business development for Sysdome, VP of sales and marketing with Homestore, Inc., and director of business development for PointCast, Inc.””ServiceLink has a stellar reputation and its senior leadership team is well-respected within our industry,”” Zwerner said. “”I am very excited to have the opportunity to work with such an incredible, forward-thinking organization and I’m looking forward to contributing to ServiceLink’s continued growth and expansion into new and existing market segments.”” Agents & Brokers Attorneys & Title Companies Investors Lenders & Servicers Movers & Shakers Processing Service Providers ServiceLink 2013-04-22 Tory Barringer Share
QuestSoft Named One of Orange County’s Best Workplaces “”QuestSoft Corp.””:http://www.questsoft.com/contact_us.php, an automated mortgage compliance software provider, has been recognized as one of Orange County’s top workplaces.[IMAGE]QuestSoft was one of 50 companies named in the “”_Orange County Register’s_””:http://www.ocregister.com/?refresh=1717676865 list of the top small companies to work for, which was based on surveys conducted with more than 60,000 employees from more than 1,000 companies across Orange County. Employees ranked their companies in areas such as ongoing training, culture and atmosphere, pay and benefits, and, for the time, social responsibility.””With 18 years of experience in the mortgage industry, QuestSoft’s main focus has been to provide outstanding service and support to all of our customers; but being named one of 2013’s Best Places to Work by _The Orange County Register_ proves that our employees are just as satisfied as our customers,”” said QuestSoft president Leonard Ryan. “”This award confirms to me that when your goal is to provide value and service to your customers, it reflects on the entire workplace.””According to “”statements collected””:http://www.topworkplaces.com/frontend.php/regional-list/company/ocregister/questsoft by Top Workplaces, QuestSoft’s employees praise the company for its flexibility, close atmosphere, and its general direction.””Work is personable and enjoyable at QuestSoft because of our shared commitment to customer service and management’s attitudes toward an even work/life balance,”” said Jennifer Mathwig, integration specialist at QuestSoft. “”This year has been a year of innovation, expansion and satisfaction for QuestSoft, and this award solidifies the great leadership and energy every staff member brings to work each day.”” in Technology Share December 9, 2013 394 Views Agents & Brokers Attorneys & Title Companies Company News Investors Lenders & Servicers Service Providers 2013-12-09 Tory Barringer