Showcasing travel brands to global buyers at Luxperience 2015

first_imgShowcasing travel brands to global buyers at Luxperience 2015In just three weeks, leading luxury and experiential travel trade exhibition, Luxperience, is again opening its doors in Sydney, Australia to new venue, Australian Technology Park due to its increased size. In its fourth year, the business exchange has fast become renowned for attracting the highest quality buyers and sellers of global travel experiences, and a number of high profile South American brands have signed up to exhibit at the event.Eric Lewanavanua, Director of Sales and Partner Alliances at Luxperience, commented:“Luxperience is the ideal platform for South American travel companies to showcase their products to a captive and highly influential audience. There is currently huge interest in luxury and experiential travel to South America, and this is an ideal time for suppliers to capitalise on this to maximise brand awareness, foster meaningful business relationships and drive sales.”South American companies that have already signed up to exhibit at this year’s event include new exhibitor Incarail and Prom Peru, which has increased its presence from one suite last year to seven suites in 2015. This year, Prom Peru’s stand will feature the country’s finest travel experiences, including Sumaq Macchu Picchu Hotel and sustainable tourism provider Inkaterra. LATAM Airlines Group is also returning to Luxperience 2015 with an enhanced partnership that will see the group carrying Latin American hosted buyers to Sydney, as well as exhibiting.LATAM Airlines Group’s LAN Airlines operates seven one-stop flights each week from Sydney to Santiago, Chile, with onward connections to over 115 destinations in South America. LAN also offers non-stop flights between Sydney and Santiago four times per week in a codeshare partnership with its oneworld partner airlines.LAN Airlines, South America’s leading airline network offering the best connectivity in the region, introduced its Boeing 787 fleet to the Pacific on 18 April, 2015. In the final quarter of this year, the 787-9 fleet will introduce further upgrades and significantly increase capacity in the Pacific region.Luxperience exhibitors receive 2.5 days of face to face pre-selected scheduled appointments; access to highly qualified high end travel buyers and bespoke travel designers from across the globe; use of LuxConnect – an exclusive online networking platform for buyers and exhibitors; access to all exclusive social networking functions; the chance to connect with media editors and writers representing renowned luxury travel publications; the opportunity to meet the luxury travel world’s elite in social media and blogging, and a selection of stand options and designs.Buyer access to Luxperience is by invitation only and buyers must demonstrate extensive experience in the niche luxury and high end experiential travel sector. Buyer invitations include 42 pre-scheduled appointments with a choice of exhibitors over 3 days; access to all exclusive networking functions; three nights hosted accommodation in Sydney; return airport transfers; access to the Thought Leaders Forum; access to LuxConnect, and access to exclusive pre and post familiarisation tours offering the opportunity to experience firsthand some of the newest and unique luxury products within the Australasia Pacific region.Luxperience is the only travel trade forum of its kind in the Southern Hemisphere based in the Australasia and Pacific region that connects the world’s most exclusive travel providers dealing in luxury and experiential travel.Source = Luxperiencelast_img read more

TravelManagers raises 16000 for Little Heroes Foundation

first_imgTravelManagers’ conference delegates exhibit their completed masterpieceTravelManagers raises $16,000+ for Little Heroes FoundationThe theme of TravelManagers’ eighth annual national conference, which was held in Adelaide last weekend, was Focus.  The agenda featured supplier presentations, keynote speakers and workshops, but the 200-plus delegates were also given the opportunity to focus on something other than their own business, and in doing so, raised over $16,000 in support of South Australia-based charity, Little Heroes.Executive General Manager – Michael GazalTravelManagers’ Executive General Manager, Michael Gazal, says it has become a tradition to include a local community event in the company’s conference agenda.“Little Heroes is a charity which was started by ex-Adelaide Crows captain Chris McDermott and is currently working towards establishing a Centre for Robotics and Innovation at the Adelaide Women and Children’s Hospital,” Gazal explains.  “It is a truly inspirational organisation that is achieving amazing things for sick children in South Australia and we are honoured and humbled to be involved in some small way in what they are doing,” Gazal says.A charity auction was held at the company’s Sporting Legends dinner which was held at the Adelaide Oval on the Saturday night.“There were some fantastic auction items up for grabs, many of which were kindly donated by partner suppliers.  One of the most popular items was a framed and signed All Blacks picture, which ended up selling for $3,000.  The generosity of everyone involved in our auction was really quite humbling,” says Gazal.In total the auction and other donations raised $16,533 for Little Heroes.  The cheque was presented to Little Heroes at the conference’s gala dinner the following night, and was accepted on behalf of the foundation by Adelaide local, Natalie Bode, who captained the Australian Diamonds and Adelaide Thunderbirds netball teams but now acts as Little Heroes’ Corporate Relationship Manager.The money will go towards a new $4 million Centre for Robotics and Innovation which is set to open its doors at the Adelaide Women’s and Children’s Hospital in December this year.“The robotics equipment will help children with neurological disabilities to improve their motor skills and get them out of hospital more quickly,” Bode explains.  “This will be a world-class rehabilitation facility but it wouldn’t be possible to achieve without the incredible support of companies like TravelManagers.”The completed artwork will hang in Adelaide’s new children’s Robotics Rehab Unit, due to open at the end of the yearThe following morning, conference delegates gathered to take part in a second aspect of this community activity: creating works of art to become a collage that will hang in the foyer of the Robotics Centre when it’s completed.Delegates were divided into 36 teams.  Each team was given three canvases on which to create their artworks, which were to be based around the themes of movement, fun, children, motivation and inspiration.“I knew we had some very creative, talented people within the TravelManagers family,” says Gazal, “but I was still seriously impressed by what we were able to produce in just two and a half hours.”“Everyone at TravelManagers feels privileged to have been a part of something really special.  It’s a really great example of how many people focused on working together towards a common goal can achieve amazing things.”(Left to right) TravelManagers’ Executive GM, Michael Gazal, presents a cheque for over $16,000 to the Little Heroes Foundation’s Natalie Bode, assisted by key sponsor Etihad Airways’ flight attendant, Belle Louise Braybrook.For more details or to find out how you can support Little Heroes, please visit more information or to speak to someone confidentially about TravelManagers please contact Suzanne Laister on 1800 019 599. ENDSAbout TravelManagersTravelManagers operates in all Australian States and is a wholly owned subsidiary of House of Travel, Australasia’s largest independent travel company which has a forecast turnover of $1.5 billion for 2015. TravelManagers is a sister company to Hoot Holidays, also owned by House of Travel, and has more than 480 personal travel managers throughout Australia with a dedicated support team at the company’s national partnership office in Sydney. TravelManagers places all customer money in a dedicated and audited Client Trust Account which is separate from the general business accounts, ensuring client funds are only used for client purchases. Source = TravelManagers Australia Join TravelManagers Australia herebecome a Personal Travel Managerlast_img read more

Hosted buyer applications open for 20th CINZ MEETINGS

first_imgExciting connections are on the cards for the 20th MEETINGS exhibition run by Conventions and Incentives New Zealand (CINZ) in Auckland this June.CINZ Chief Executive Sue Sullivan says hosted buyers will receive invitations this week, and applications are now open online at“CINZ MEETINGS 2016 will be a stellar anniversary event and our buyers can look forward to full hosting including travel, accommodation and registration for the event on 15 and 16 June, plus famil opportunities before the show gets underway,” she said.“These buyers are the people responsible for organising, planning, recommending, researching and influencing decisions about conference destinations and incentive travel, and we want to wow them with what New Zealand has to offer.“Along with our legendary social hosting, the highlight of CINZ MEETINGS is focused, face-to-face appointments. Pre-scheduled appointments mean buyers can meet a choice of 200 exhibitors from 19 regions of New Zealand, all under one roof with 35 appointments across two days.”Up to 100 hosted buyers from Australia will also have the opportunity to join one of eight regional familiarisation tours around New Zealand the weekend before MEETINGS, and a hosted Auckland familiarisation day experience on 14 June.Tourism New Zealand and Air New Zealand are bringing influential international buyers and media to MEETINGS from North America, China, Japan, India and South East Asia.More than 300 day buyers are also anticipated over the two days of MEETINGS, as well as 100 New Zealand event organisers who will be hosted in Auckland for two days.MEETINGS’ appointment scheduling system uses the latest online technology for fast and efficient appointment planning. Buyers can select exhibitors they most want to meet with, making the best use of the time.“Buyers tell us they enjoy the atmosphere of our appointment programme, with five minute breaks between appointments plus morning and afternoon tea breaks, all day coffee and tea, and exceptional networking and familiarisation events,” Sue Sullivan said.Final applications for exhibitor bookings close on 28 March, and hosted buyer applications close on 18 April.CINZ MEETINGS’ pre-scheduled appointment requests will take place during May, and the online diary will commence on 31 May with the final appointment diary available to view on 10 June. Apply hereSource = Conventions and Incentives New Zealandlast_img read more

Vietjet evolving as a Consumer Airline in its next phase development

first_imgVietjet evolving as a Consumer Airline in its next phase developmentVietjet evolving as a Consumer Airline in its next phase developmentFast growing Vietjet is evolving to become a “Consumer Airline” in its next phase of development, according to its President and CEO, Nguyen Thi Phuong Thao, at the APEC CEO Summit 2017 in Danang, Vietnam.Speaking at the session themed “Connecting for Growth,” Nguyen said Vietjet is heading to build up the airline that serves consumption demands, using e-commerce platform and logistics and consumption product distribution system.“We are leading a digitalization and automation trend in the 4.0 technology revolution. I believe that direction plays a very important role to fulfill the target of – connecting for growth,” she said.Sharing the Vietjet success story, Nguyen said “our pride named Vietjet” is a typical corporate culture trait which is the key of success for all our plans, all strategies and all ambitions.“Each of us is proud of being a member of our organization. We do strongly believe that with the connection of civilizations and nations and cultures, trading sectors which create ecological systems for human development and economic growth, there is a prosperous and brighter future in the sky. We are dedicated to realizing that future soon.”She also presented the Vietjet vision with a global development plan that comes with efforts to build up the airline into a multi-national company and multi-cultural environment homing staff from more than 30 countries.Defined by our motto “Sky Connection,” Vietjet international routes now account for more than two-third of our operating network, she said.“We are heading our international network via interlines with credited airlines in the world. We successfully did it with Qatar Airways, doing it with Japan Airlines and will do it with Asiana soon. We are also working with one carrier in the US and one carrier in EU for possible co-operations. Other than standard low-cost carriers which can only fly around with a radius of less than three hours, in a very near future, our passengers can fly to many destinations around the world,” she added.At the helm of Vietjet’s rapid expansion, Nguyen Thi Phuong Thao has been named by Forbes as one of the world’s top 10 power women in business. It is her ambition to grow Vietjet, which she founded in 2011 into an international airline. Vietjet, the first airline in Vietnam to operate as a new-age airline with low-cost and diversified services, was listed in the country’s largest IPO on the Ho Chi Minh City Stock Exchange last February.After only five years of operation, Vietjet has captured the biggest share of the Vietnam local market and become the country’s largest domestic carrier.The APEC CEO Summit 2017, held in Da Nang between 8 – 10 November, 2017 is Asia-Pacific’s premier business event. It provides unparalleled opportunities for global business executives to engage in dialogue with APEC Leaders, high-level government officials and influential thought leaders.Source = Vietjetlast_img read more

THAI Holds Annual General Shareholders Meeting 2018

first_imgTHAI Holds Annual General Shareholders’ Meeting 2018THAI Holds Annual General Shareholders’ Meeting 2018Yesterday (26 April 2017, 13.30 hours), Air Force Convention Hall – Air Chief Marshal Treetod Sonjance, Acting Chairman of the Board of Directors, Thai Airways International Public Company Limited (THAI), presided over the Company’s Annual General Shareholders’ Meeting 2018, with the attendance of THAI’s Board of Directors, THAI Management and shareholders, covering the following agenda:1. Operating Results 2017At THAI’s Annual General Shareholders’ Meeting 2018, the operating results for 2017 (January-December 2017) were acknowledged. THAI and its subsidiaries announced their results for 2017 with an operating profit of THB 2,856 million (29.8% lower than the same period last year) due to 24.2% increase in jet fuel prices, while average passenger yield decreased by 7.7% due to the heavier competition and the reduction of fuel surcharge even through average cabin factor was higher than last year. After deduction of one-time expense which was mainly from the impairment of assets and aircraft and the loss on foreign currency exchange, THAI and its subsidiaries reported the net loss of THB 2,072 million.In 2017, THAI continued to implement the third phase of its transformation plan in 2017; “Sustainable Growth.” which consists of 6 strategies in operation: 1) Develop a competitive flight network, increase profitability and reduce complexity of the fleet, 2) Increase competitiveness and revenue, 3) Excellent service ring building strategy, 4) Competitive cost and efficient operation strategy, 5) Corporate culture building to sustainability and human resources development to excellence strategy, 6) Portfolio management and new business development for sustainability. To do so, THAI launched the direct flight to Vienna, Austria as well as increased the flight frequency in high potential destinations.THAI also increased the regional routes under the brand THAI Smile. In 2017, THAI took delivery of 7 aircraft while decommissioned 2 operating lease aircraft (Airbus A330-300) resulting in a total number of 100 active aircraft in THAI’s fleet as of December 31, 2017, which was 5 aircraft higher than on December 31, 2016. Aircraft utilization increased from 11.5 hours last year to 12.0 hours this year. Production traffic (ASK) increased by 6.4% while passenger traffic (RPK) increased by 14.7%. Average cabin factor was 79.2% higher than last year’s 73.4% which was the highest level in the last 10 years with 24.6 million passengers carried representing 10.3% increasing from last year.In 2017, THAI encountered challenges from higher fuel prices and fierce domestic and international competition from competitor airlines. Furthermore, the Rolls-Royce TRENT 1000 engines installed in the 6 Boeing 787-8 had issues with their turbine blades. This incident occurred not only with THAI but affected all airlines worldwide. Hence, THAI had to gradually ground each affected aircraftin order to send engines for overhaul. As a result, flight service was affected and flight schedule was impacted. This resulted in increased cost and revenue loss from plans. However, THAI is in the process of negotiating compensation for such effects.In 2017, THAI and its subsidiaries had the total revenue of THB 191,946 million, increased by THB 11,389 million (6.3%) resulting from the increase in passenger and excess baggage revenue, freight and mail revenue, and revenue from other activities. The total expense of THB 189,090 million showed an increase of THB 12,604 million (7.1%) resulting from the increase in fuel expense by THB 4,879 million (10.8%) affected by 24.2% rising jet fuel prices and increase of traffic production. However, the fuel risk management performed better than last year. Non-fuel operating expense increased by THB 8,313 million (6.6%) due to the increase of traffic production and passenger traffic. Maintenance and overhaul expenses also increased. Net financial cost decreased by THB 588 million (11.5%), resulting from cash management and financial restructure that began last year. Consequently, THAI and its subsidiaries had an operating profit of THB 2,856 million, THB 1,215 million lower than last year.This year, THAI and its subsidiaries had a one-time cost item that totaled THB 979 million, recognized the impairment loss of assets and aircraft of THB 3,191 million, and a foreign currency exchange loss of THB 1,581 million. Consequently, THAI and its subsidiaries reported a net loss of THB 2,072 million. Loss attributable to owners of the parent amounted to THB 2,107 million. Loss per share was THB 0.97 while last year’s profit per share of THB 0.01.As of December 31, 2017, total assets were THB 280,775 million, a decrease of THB 2,349 million (0.8%) when compared to December 31, 2016. Total liabilities as of December 31, 2017 totaled THB 248,762 million, a decrease of THB 774 million (0.3%) when compared to December 31, 2016. Total shareholders’ equity amounted to THB 32,013 million, a decrease of THB 1,575 million (4.7%) resulting from loss in operating results.2. Distribution of DividendAt the Annual General Shareholders’ Meeting, shareholders approved to suspend payment of dividend in reflection of the Company’s financial performance in 2017. The suspension of dividend payment is in accordance with the Company’s dividend policy providing that the Company shall distribute “not less than 25 percent of the consolidated net profit before gains or losses on foreign currency exchange and shall also be subject to the future investment plans, necessity and appropriateness.”3. Selection of Board of DirectorsAt the Annual General Shareholders’ Meeting 2017, the following Directors retired by rotation and resignation: 1. ACM Amnart Jeeramaneemai2. Mrs. Pratana Mongkolkul3. Mr. Pitipan Tepartimargorn4. Mr. Pinit Puapan5. Mr. Charamporn Jotikasthira (Resigned on 10 February 2017)At the Annual General Shareholders’ Meeting, the following three Directors were appointed for another term:1. ACM Amnart Jeeramaneemai2. Mrs. Pratana Mongkolkul3. Mr. Pitipan Tepartimargorn4. Mr. Pinit PuapanAt the Annual General Shareholders’ Meeting, the following Director was appointed to replace the Director who resigned:1. Miss Sirikul Laukaikul (Replaces Mr. Charamporn Jotikasthira)Attending THAI’s Annual General Shareholders Meeting were 1,111 shareholders, representing 1,639,767,531 shares.Source = THAIlast_img read more

Superb UK value with roomsXML

first_imgroomsXML has over 96,000 properties worldwide. If you are unsure about which property to book, always check for the ‘Preferred’ logo next to the hotel; that means its been recommended by other Travel Agents. Thanks for Wikitravel for the tips. We all know of the Aussie gap year tradition to London. In fact, some people think there are more Aussies in London, than Brits ! But if you think outside the square, and go outside of London you will be rewarded. roomsXML has almost 5000 properties across the UK, including Northern Ireland; 65 properties, Scotland; 729 properties; Wales; 84, and of course England; 4002This week we take a look at Scotland, and more specifically Edinburgh; invoking visions of Haggis, Kilts, bagpipes, and of course Edinburgh Castle. Most known for its imposing presence on the skyline, and home to the Edinburgh Military Tattoo, the castle has been a fortress providing safety to many of Scotlands Kings and Queens.The Great Hall is one of the gems, and is over 500 years old; being is the central focus of the castle. Architecturally one of the most important buildings in the UK, the great hall is filled with medieval delights such as armor, swords and shields.The Crown Jewels of Scotland are a sight to see. Stored in the Crown Room, they were first used during the coronation of Mary Queen of Scots. The associated sceptre was also used during the coronation. During turbulent times, the crown jewels we hidden away, buried underground, and on another occasion under a latrine to protect them from Oliver Cromwells Army.While in the area, be sure to check out Craigmillar Castle (15 mins from Edinburgh), Linlithgow Palace (35 mins from Edinburgh) and Tantallon Castle (50 mins by car)roomsXML is currently offering top pricing for the following UK destinations:Scotland: Check out the castle(s), and thousands of years of history. Visit Edinburgh during Hogmanay (New Years) for a massive party.roomsXML has 226 Properties in EdinburghLondon: The Royal family, Palaces, beer, and rain.roomsXML has 1112 Properties in LondonGlasgow: The largest city in Scotland, popular for its Victorian and Art Nouveau architecture. Touted as the cultural hub based on riches from trade and ship building, don’t miss it.roomsXML has 107 Properties in Glasgow   roomsXML.comconnect today roomsXML.comdiscover more here Source = roomsxml.comcenter_img Superb UK value with roomsXMLlast_img read more

Personal Travel Managers experience highlights of Northern California

first_imgPerfect March weather for a bike ride across the Golden Gate bridge (L-R): Ally Casey (PTM), Alexandra Sparr (Gate 7), Ozlem Tuncay (NPO), Lyndal Burston (PTM), Merran Anderson (PTM), Chantel Scott (PTM), Kerry Reading (PTM), Debra Mclean (PTM)Personal Travel Managers experience highlights of Northern CaliforniaA team of six personal travel managers (PTM) who qualified for a famil in Northern California spent six memorable days exploring the highlights of Sonoma County, Yosemite National Park and San Francisco.The famil, which was exclusive to TravelManagers and hosted by the tourism boards of Yosemite/Mariposa County, Sonoma County and San Francisco, was the culmination of a sales incentive that rewarded six PTMs as high achievers either for Qantas ticket sales or accommodation bookings via roomsXML in each of the three destinations featured on the famil.Lyndy Burston, representative for Werribee, VIC, was among the qualifying PTMs, and says the trip was her first visit to San Francisco in twenty years.Off-season means fewer crowds in stunning Yosemite National Park (L-R): Debra Mclean (PTM), Alexandra Sparr (Gate 7), Merran Anderson (PTM), Lyndal Burston (PTM), Chantel Scott (PTM), Ally Casey (PTM)“It definitely refreshed my appreciation for San Francisco,” explains Burton, “and as I had never been to either Sonoma County or Yosemite National Park, I can now confidently sell all three Northern California destinations to my clients and tailor-make itineraries with activities and experiences to suit.”Burston was not the only participant who reports being ‘wowed’ by the destinations visited during the famil. Ozlem Tuncay, from TravelManagers’ National Partnership Office (NPO) technology support team, accompanied the group and identified ziplining through redwood forest in the Sonoma County as one of her favourite experiences.“The bike ride tour across the Golden Gate Bridge to Sausalito, then back across the Bay to San Francisco by ferry was another highlight,” she says, “but I will have to return to explore San Francisco further, as two days was not nearly enough!”Chantel Scott, representative for Oak Park, VIC, agrees with these choices, and adds that both Sonoma and Yosemite exceeded her expectations. She says the famil has given her complete confidence in building itineraries as she now has a clear understanding of how much time her clients should spend in each destination, which towns to stay in and even which restaurants to recommend, adding that she will recommend her clients try the walking food tour they took in Healdsburg.“I loved the Sonoma County – it has so much to offer in terms of food, wine, atmosphere and friendly people,” she explains.Ready for the thrill of ziplining through Sonoma’s Redwood Forest are (L-R) personal travel managers: Lyndal Burston (PTM), Kerry Reading (PTM), Chantel Scott (PTM), Ally Casey (PTM), Merran Anderson (PTM), Susan Takano (Sonoma County Tourism) and in the middle Ozlem Tuncay (NPO)Burston, who describes Yosemite National Park as “absolutely stunning”, says visiting the Park in the off-season meant that there were fewer crowds, and that despite the cold weather, they were treated to blue skies and sunny days. Her recommendation for clients will be to pre-book the Valley Floor tour, as even in the off-season it was booked out three months in advance.“The scenery was out of this world and postcard perfect – photos simply did not do it justice,” she enthuses.Rounding out the group were four more PTMs from around Australia: Merran Anderson (representative for Mitchelton, QLD), Debbie McLean (representative for Narrandera, NSW), Ally Casey (representative for Long Jetty, NSW), and Kerry Reading (representative for Wahroonga, NSW).Anderson says the self-drive itinerary made the famil a very ‘hands-on’ experience, and believes that she will now have the utmost confidence in selling the Northern California region to her clients.“I would recommend that my clients not try to fit too much into their stay in each area, and instead choose a few activities that allow them to enjoy the region for what it is. I would also recommend that they ask their hotel staff for their favourite, local recommendations.”Go Cars provide a fun way to explore the sights of San Francisco (L-R): Back – Merran Anderson (PTM), Ally Casey (PTM), Ozlem Tuncay (NPO), Debbie Mclean (PTM), Front – Kerry Reading (PTM), Lyndal Burston (PTM), Chantel Scott (PTM)All the PTMs mentioned the local food experiences as another highlight of their time in Northern California: “the food on the whole trip was fabulous, but particularly in Sonoma County,” Burston says. “The food and wine experiences this county has to offer are definitely a secret which needs to be shared!”TravelManagers’ Executive General Manager, Michael Gazal, says the famil is another example of the close partnership the company enjoys with its partner suppliers and tourism industry representative offices – in this case Qantas Airways and Gate 7, the marketing and public relations agency representing all three destinations to the Australian market.“Having worked hard to earn a coveted spot on the famil, our PTMs are focused on soaking up as much in-depth knowledge as possible from the moment they step on the plane. Our business partners are able to provide them with experiences and opportunities that our PTMs wouldn’t necessarily be able to access on their own.”All the participants agreed that they will be returning to further experience the attractions of Northern California, with several adding that they would bring their families along next time.“There wasn’t enough time to see all that the Sonoma Valley and Yosemite had to offer – but I suspect there never is,” adds Anderson.For more information or to speak to someone confidentially about TravelManagers please contact Suzanne Laister on 1800 019 599.About Gate 7Gate 7 is a multi-award-winning, independently owned, marketing agency specializing in travel and tourism representation Down Under.Based in Sydney, with a territory spanning Australia and New Zealand, Gate 7 delivers exceptional sales, marketing and public relations results to an A-list tourism client portfolio, including Visit California, Brand USA, Los Cabos, Prom Peru, the German National Tourist Board and many more. The full list of destinations represented by Gate 7 can be found at TravelManagersTravel Managers operates in all Australian States and is a wholly owned subsidiary of House of Travel, Australasia’s largest independent travel company which has a forecast turnover of $1.6 billion for 2018. TravelManagers is a sister company to Hoot Holidays, also owned by House of Travel, and has more than 530 personal travel managers throughout Australia with a dedicated support team at the company’s national partnership office in Sydney. TravelManagers places all customer money in a dedicated and audited Client Trust Account which is separate from the general business accounts, ensuring client funds are secure and only used for client purchases.Source = TravelManagerslast_img read more

British airways reveals retro designs to celebrate its centenary year

first_imgBritish airways reveals retro designs to celebrate its centenary yearBritish airways reveals retro designs to celebrate its centenary yearAs part of its 100-year birthday, British Airways has today announced it will be painting four of its aircraft in much-loved retro designs from across its past, with the first confirmed as a Boeing 747 in a British Overseas Airways Corporation (BOAC) design.The livery from the 1964 – 1974 BOAC era will adorn a B747, reg: G-BYGC. The aircraft will leave the paint shop in Dublin and arrive in to Heathrow on February 18, before entering service the following day. This coincides with the 50th anniversary of the first Boeing 747 flight only a few days earlier.The BOAC 747 will be followed by three other aircraft which will all have different retro liveries, with details being revealed in due course. All four aircraft will fly British Airways’ routes, proudly showcasing some of the popular designs as part of the airline’s centenary celebrations.All new aircraft entering the fleet, including the A350, will continue to receive today’s popular Chatham Dockyard design – meaning five designs from across British Airways’ history will be in operation.Alex Cruz, British Airways’ Chairman and CEO, said: “So many British Airways customers and colleagues have fond memories of our previous liveries, regularly sharing their photos from across the globe. It’s incredibly exciting to be re-introducing some classic designs, and what better place to start than the iconic BOAC livery.“Our history has shaped who we are today, so our centenary is the perfect moment to revisit our heritage and the UK’s aviation landscape through these iconic designs. We’re excited to share details of the other liveries over the coming weeks.”The 747 has been deliberately chosen for the BOAC livery as it is a later variant of the same aircraft type that adorned the design when it was initially in operation.The BOAC livery will remain on the Boeing 747 until it retires in 2023. By this time, British Airways will have retired the majority of its 747 fleet, replacing them with new state-of-the-art long-haul aircraft. This includes taking delivery of 18 A350s and 12 Boeing 787 Dreamliners in the next four years – which feature new cabins and are more environmentally efficient – as well as another 26 short-haul aircraft, all part of the airline’s £6.5bn investment for customers.Source = British Airwayslast_img read more

Etihad Airways President and CEO reaffirm commitment to Maharashtra

first_imgEtihad Airways’ President and Chief Executive Officer (CEO), James Hogan, met with the Maharashtra Chief Minister (CM) Devendra Fadnavis, to reaffirm the Abu Dhabi-based airline’s commitment to the Indian state and its capital Mumbai.He was accompanied by Vijay Poonoosamy, the airline’s Vice President, International & Public Affairs and Neerja Bhatia, General Manager – India. They met Chief Minister Fadnavis at his official residence in Mumbai.During the meeting the CM outlined the priorities of the state, identifying areas of mutual interest and opportunities for Etihad Airways to support economic growth. The CM and Hogan discussed new areas of collaboration between Maharashtra and Etihad Airways, especially in tourism and cargo exports.In turn, Hogan gave the CM an introduction to Etihad Airways, its operations in India and the significant benefits that come from the airline’s commercial and strategic partnership with Indian carrier, Jet Airways.Etihad Airways and Jet Airways together operate more than 220 flights between India and Abu Dhabi each week, including five daily flights from Mumbai and a daily flight from Pune.Hogan also made the CM aware that Etihad Airways carries more business and leisure travellers into India than it takes out. In 2014 the number of flights to India, purchased in Europe, the GCC, and the United States, rose by 65% compared to the previous year.In the first six months of 2015, Etihad Airways transferred more than 235,000 guests onto the Jet Airways’ network into India through its codeshare partnership, with Jet Airways providing 182,000 guests onto the Etihad Airways network.last_img read more

Explore Sicilys distinctive culture cuisine and history

first_imgSicily (Sicilia) is a rugged and attractive island on the southern tip of Italy and is one of the country’s 20 regions. It is separated from the mainland region of Calabria by the 5 km Straits of Messina. The wonderment of Mount Etna’s towering peak complements the five-star luxuries of your unforgettable accommodations.Source: World Travel Guideslast_img

Tourism Minister of Jamaica to launch five new Linkages Networks

first_imgMinister of Tourism for Jamaica, Edmund Bartlett is all set to officially launch the five new Linkages Networks, which were recently established as part of efforts to boost growth in the tourism industry namely Gastronomy, Health and Wellness, Shopping, Sport and Entertainment and Knowledge.They would operate under the Ministry’s overarching Tourism Linkages Network in order to drive the development of these sub-sectors to further diversify our tourism offerings, create business opportunities and increase the use of local goods and services within the tourism sector.Minister Bartlett would outline the objectives, initiatives as well as the role each of the networks would play within the overall linkages framework. The Minister will also formally introduce the Chairmen of the various networks.last_img read more

Asias largest tulip garden opens in Jammu and Kashmir

first_imgThe largest tulip garden in Asia opened for tourists in Jammu and Kashmir’s Srinagar. The garden features thousands of tulips, which have blossomed in the Zabarwan hills along the banks of Dal lake. Other than the 46 varieties of 1.5 million tulips, many other species of flowers – hyacinths, daffodils and ranunculus have been added this year.Source: NDTVlast_img

PrimeSources Leading Producers Receive National Honors

first_img “”PSM Holdings, Inc.””:, is seizing its bragging rights, recently announcing that three team members from company subsidiary, “”PrimeSource Mortgage””:, were named among the country’s top three producers. [IMAGE]In an official statement, PrimeSource revealed that the employees made it onto prestigious production lists compiled by _Scotsman_ _Guide_ and _Origination_ _News_.[COLUMN_BREAK]Scott Peters and Kevin Swift, both part of PrimeSource’s “”We Walk You Home”” team, were ranked second and third respectively for their rural development loan production, according to _Scotsman_ _Guide’s_ roster of top 25 USDA Volume producers during 2011. Peters racked up $10,974,110 in rural development production, while Swift recorded $10,236,118; both men are based in PrimeSource’s Tulsa, Oklahoma, office.Additionally, PrimeSource’s leading producer, James Pulsipher, made _Origination_ _News_’ top 30 list among the nation’s loan production specialists, as determined by number of loans. Pulispher took the twenty-ninth spot in the magazine’s rankings, and the publication notes that he closed 295 loans in 2011. PrimeSource Mortgage’s president, Jeffrey Smith, commented, “”We are very pleased that some of our top producers are being recognized nationally.├âÔÇÜ├é┬á They work very hard and are most deserving.├âÔÇÜ├é┬á Our entire team deserves recognition for their outstanding We Walk You Home service, which ultimately makes these national recognitions possible.”” Share PrimeSource’s Leading Producers Receive National Honors June 26, 2012 421 Views center_img in Data, Government, Origination, Secondary Market, Servicing, Technology Agents & Brokers Attorneys & Title Companies Company News Investors Lenders & Servicers Processing Service Providers 2012-06-26 Abby Gregorylast_img read more

ReverseVision Launches Online Education Platform

first_img Agents & Brokers Attorneys & Title Companies Company News Investors Lenders & Servicers Reverse Mortgage Service Providers 2013-11-06 Tory Barringer in Technology In San Diego, “”ReverseVision, Inc.””:, announced the availability of its latest product: “”ReverseVision University””: (RVU), an online education platform designed to teach mortgage professionals the ins and outs of the reverse mortgage industry.[IMAGE]Launched as a way to prepare housing finance professionals for the imminent growth of home equity conversion mortgage (HECM) business, RVU will offer courses centered on servicing borrowers and stayed ahead of compliance issues.””We were repeatedly told how expensive and time-consuming it is to train new LOs [loan originators] or anyone new to the industry,”” said Rachel Smith, product [COLUMN_BREAK]manager at ReverseVision. “”RVU will supplement the need for in-house, HECM-specific training for new staff and keep experienced staff up-to-date on recent changes. Compared to live training, RVU is more convenient and consistent, and far less expensive.””The platform’s initial launch includes two course offerings: ReverseVision Fundamentals and ReverseVision Advanced Reversed Mortgage Executive Development (ARMED), each of them short courses designed to teach professionals about complex HECM topics and help guide their strategic decisions.Having already earned approval to become an official Nationwide Mortgage Licensing System (NMLS) Course Provider, ReverseVision Fundamentals is expected to be the first course approved by both NMLS and the National Reverse Mortgage Lenders Association (NRMLA). Before the end of the year, the course is expected to be approved for both NMLS Continuing Education credits and NRMLA Certified Reverse Mortgage Professional credits.””The addition of RVU continues to build our product offerings as well as provide the necessary tools for individuals to succeed in the reverse mortgage industry,”” said ReverseVision president and CEO John Button. “”Our goal is not only to offer the best software for reverse mortgage loans, but also to be the source for the continuing education needed to accelerate one’s business.”” November 6, 2013 409 Views center_img ReverseVision Launches Online Education Platform Sharelast_img read more

Carrington Announces Branch Manager Appointment

first_img Agents & Brokers Attorneys & Title Companies Carrington Investors Lenders & Servicers Movers & Shakers Processing Service Providers 2014-01-29 Tory Barringer in Origination “”Carrington Mortgage Services, LLC””: appointed Ed Ciemny to lead its office in Oak Brook, Illinois, the company announced.[IMAGE]As branch manager, Ciemny’s focus will be on directing the company’s growth in Northwest Illinois as well as [COLUMN_BREAK]providing expanded offerings and faster turn times to meet demand in the Chicagoland area.Before being named to take over the Oak Brook branch, Ciemny served as Midwest Sales Manager for Carrington. Past sales positions include sales manager for Security National and senior financial consultant/sales manager for Primary Residential Mortgage, Inc.””Carrington remains sharply focused on increasing our capacity, expanding our offerings and widening our reach into new markets–tasks that require strong leadership and commitment at the local level,”” said Ray Brousseau, EVP of Carrington Mortgage Services’ Mortgage Lending Division. “”With Ed Ciemny’s industry and local market knowledge, and his tenacity to meet the needs of borrowers in today’s housing market, he is well positioned to lead our Oak Brook branch in Northwest Illinois toward providing enhanced service to our customers in the Chicagoland area.”” January 29, 2014 432 Views center_img Share New,Carrington Announces Branch Manager Appointmentlast_img read more

Salary Needed to Afford a MedianPriced Home in 27 Metro Areas

first_imgSalary Needed to Afford a Median-Priced Home in 27 Metro Areas median home prices National Association of Realtors 2015-05-27 Staff Writer The salary consumers need to purchase a home varies from city-to-city across the country, but San Francisco remains the most unaffordable city all consumers except those with high salaries, according to a recent researchers took the National Association of Realtors’ (NAR) 2015 first-quarter data for median-home prices and’s 2015 first-quarter average interest rate for 30-year, fixed-rate mortgages, in order to determine how much of a consumer’s salary it would take to afford the base cost of owning a home including, the principal, interest, taxes, and insurance in 27 metro areas.“The first quarter was a soft period for the economy which helped mortgage rates fall in all 27 metros, said. “While home prices rose sharply in the majority of metro areas across the country due to high demand and low inventory, there was an even split on our list of the metros that experienced price increases and price declines.”In order to come up with the salary numbers, the researchers used standard 28 percent “front-end” debt ratios and a 20 percent down payment subtracted from the NAR’s median-home-price data. They also incorporated available information on property taxes and homeowner’s insurance costs to more accurately reflect the income needed in a given market.Nationally, with 20 percent down, a buyer would need to earn a salary of $47,253.07 to afford a median-priced home, the researchers report. However, if they only put 10 percent down, that salary increases to $54,341.84. The smaller down payment means a larger loan amount because the buyer is financing 90 percent of the home price, plus the need for Private Mortgage Insurance (PMI), all raises the income required considerably.According to the survey, San Francisco is the most unaffordable place to buy a home for all but the highest paid consumers. A median-priced home in the San Francisco metro area would require a consumer to earn $141,417 a year. Due to home-price drops, Cleveland returned to the top as the most affordable metro on the list. Compared to Cleveland, San Francisco homebuyers need to earn over $112,000 more per year to afford a median-priced home in their metro area. Meanwhile, Los Angeles was more affordable than New York City by a small $159.”Sales activity to start the year was notably higher than a year ago, as steady hiring and low interest rates encouraged more buyers to enter the market,” said Lawrence Yun, NAR chief economist. “However, stronger demand without increasing supply led to faster price growth in many markets.”View the full survey: May 27, 2015 515 Views center_img in Daily Dose, Data, Headlines, News, Origination Sharelast_img read more

High Rents May Force Buyers Into the Market

first_img May 31, 2016 575 Views in Daily Dose, Data, Headlines, Market Studies, News High Rents May Force Buyers Into the Market Rents have been on the rise for several months now as demand for rental housing has increased due to a short supply of homes for sale, particularly among starter homes, and high down payments. A recent survey showed that the pendulum may be swinging in the other direction, however.According to a survey of 975 homebuyers conducted by Redfin in May among 36 states and Washington, D.C., one in four homebuyers reported that it was the high cost of rent that prompted them to go hunting for a house—a substantial increase from the share reported last summer. First time buyers drove the increase, with more than 50 percent of them citing high rents as the reason they were looking to buy a home—more than double the 25 percent reported in August.The change is attributable to first-time buyers. In the most recent survey, more than fifty percent said high rent led them to the market, compared to only 25 percent of first-timers in August.“Though enticed by high rents and low mortgage rates to begin a home search, first-time buyers face a number of obstacles in today’s competitive market,” said Redfin chief economist Nela Richardson. “In many cities, starter homes have seen the largest price increases because the supply of affordable homes on the market is so low and the demand for these homes is so high.”Even so, the most common concern among homebuyers was still affordability, with one in four survey respondents naming that as the chief worry. One in five named competition as the most common concern when buying a home, an increase from one in 10 in November’s survey.“Though enticed by high rents and low mortgage rates to begin a home search, first-time buyers face a number of obstacles in today’s competitive market.”Nela Richardson, Redfin Chief EconomistWith mortgage interest rates at historically low levels (currently under 4 percent), if homebuyers can get past the down payment obstacle, now is an excellent time to buy, according to a Zillow report late last year.“(Rates) are currently hovering near all-time lows,” said Zillow Chief Economist Svenja Gudell. “This helps keep monthly mortgage payments low. Renters can’t take advantage of mortgage financing each month. Additionally, while home values dropped steeply during the most recent recession and remain below their pre-recession peaks in most areas, rents have been on a slow, steady, upward climb for much of the past decade. Finally, income itself—while showing signs of picking up in recent months—isn’t growing sufficiently to keep pace with growth in rents and is growing far more slowly than it was prior to the recession.”While high rents may be causing people to search for homes, it remains to be seen how many will actually be able to purchase a home, because the down payment remains a huge obstacle. Zillow reported that consumers are spending an average of twice as much of their monthly income on rents compared with the percentage of income they are spending on mortgage payments—which makes it difficult to save for a down payment.“There are good reasons to rent temporarily—when you move to a new city, for example—but from an affordability perspective, rents are crazy right now,” Gudell said. “If you can possibly come up with a down payment, then it’s a good time to buy a home and start putting your money toward a mortgage.”Click here to view the complete Redfin survey results.center_img Share First-Time Homebuyers Housing Market Rents 2016-05-31 Seth Welbornlast_img read more

Chronos Solutions Names New Chief Information Officer

first_imgChronos Solutions Names New Chief Information Officer Chronos Solutions technology 2016-07-29 Seth Welborn July 29, 2016 525 Views in Headlines, News, Technologycenter_img Chronos Solutions, a national real estate financial services provider, has named Arun Pimpalapure as the company’s Chief Information Officer, according to an announcement from the company. Pimpalapure will work in the company’s headquarters in Coppell, Texas, and will serve on the company’s Executive Committee.Before joining Chronos Solutions, Pimpalapure served as head of the technology division for Tenura Holdings, Inc., of Austin, Texas. In that position, Pimpalapure led initiatives that included technology alignment, infrastructure, enterprise architecture, IT service delivery optimization and resource alignment. Prior to working for Tenura, Pimpalapure served as head of Information Technology at Pacific Union Financial LL in Irving, Texas, where he built the technology infrastructure from the ground up and implemented the lending and servicing systems that helped sustain Pacific Union Financial’s rapid revenue growth.During his career, Pimpalapure has also held leadership positions with American Home Mortgage, National Residential Mortgage in Scottsdale, Arizona, Optimal Blue, Fiserv Inc., and Bear Stearns.“Arun has served in various senior and corporate leadership roles and gained an extensive knowledge of financial services technology, IT infrastructure, data center operations and software development,” said Steve DiUbaldo, Chief Real Estate Officer for Chronos Solutions. “His unique combination of technology expertise and business strategy uniquely qualify him for this role at a time when Chronos Solutions is taking a broader role across the real estate and mortgage spectrum.” DiUbaldo described Pimpalapure as “an expert in implementing technical solutions that improve service quality, efficiency and profitability.”According to Chronos Solutions CEO Matt Martin, Pimpalapure will be instrumental in assisting the company with the initiative of creating a single service provider for the entire mortgage origination continuum.“Arun’s proven capabilities in designing and managing both origination and IT programs make him uniquely qualified to engineer solutions for that space under the Chronos Solutions brand,” Martin said. “With him on board I feel our corporate goals for this year and beyond are in reach.” Sharelast_img read more

New Home Sales Approach a 10Year High

first_imgNew Home Sales Approach a 10-Year High December 18, 2017 570 Views Tight inventory continued to boost home prices as housing activity remained upbeat towards the end of 2017, according to the Economic and Housing outlook released by Fannie Mae’s Economic & Strategic Research (ESR) Group on Monday. The monthly forecast, which details interest rate movements, the housing market, mortgage market, and the overall economic climate, noted that total housing starts rose in October to the highest level in a year, even as new home sales approached a decade high. ESR said that existing home sales posted the first back-to-back gains this year, and contract signings to close on existing homes increased for the first time in four months, as sales rebounded from hurricane disruptions.“The housing market continues its upward grind, as it struggles to balance strong demand and house price appreciation with inventory shortages and affordability concerns,” Doug Duncan, Chief Economist at Fannie Mae, said.As a percent of real estate value, homeowner equity rose to 58.6 percent, only 1.2 percentage points below the most recent peak at the end of 2005, ESR noted, adding that the yield on 30-year fixed-rate mortgages is expected to average 4 percent this year. ESR said that, while they had expected shortages of skilled labor and land as factors restraining building activity in their January 2017 forecast, the problem was more severe than anticipated. Compared with the January forecast, ESR overestimated mortgage rates for 2017 by two-tenths. However, their forecast for total home sales came very close to the January prediction, as year-to-date sales showed a 2 percent gain in 2017 over 2016, compared with a forecasted 2.2 percent increase at the beginning of the year.Considering 2018, ESR expects mortgage rates to rise gradually, averaging 4.2 percent in the fourth quarter of 2018 from 3.9 percent in the current quarter. Total housing starts and total home sales should rise about 5 percent and 3 percent, respectively, in 2018. Sharecenter_img in Daily Dose, Data, Featured, Government, News ESR Fannie Mae Forecast Home Sales HOUSING mortgage Outlook real estate 2017-12-18 Staff Writerlast_img read more

Unleashing the Power of HyperRelevance in Mortgage

first_img Share 2019-02-14 Donna Joseph Unleashing the Power of “Hyper-Relevance” in Mortgage in Commentary, Daily Dose, Featured, News, Servicingcenter_img Technology won’t replace the loan officer, but the loan officer who’s using technology will replace the one who isn’t. We know that thanks to data from Fannie Mae: 72 percent of people prefer to fill out a mortgage application online and 65 percent prefer to have a human explain terms and answer questions. In other words, people want the convenience of tech and the trust of human relationships.Loan officers should want the same thing. By tapping into the right technology, loan officers can achieve what’s called “hyper-relevance:” the ability to become a trusted advisor by delivering the right message at the right time to the right person via the right channel. The ability, in other words, to win customers for life. Here’s how.Hyper-Relevance: Beyond PersonalizationThe term “hyper-relevance” was coined by Accenture to describe the “always-on” attitude companies should take when engaging with customers. And it’s not just an update of “personalization.” Personalization is sending a customer emails on a topic they’ve expressed interest in. Hyper-relevance is deciding what to send based on customers’ life events. Personalization is including a customer’s name in an email. Hyper-relevance is sending information about home equity loans when their oldest child is a senior in high school and they’re likely thinking about how to fund college. When you achieve hyper-relevance, you’re more than a mortgage lender; you become a valued and valuable partner.Enabling Hyper-Relevance and Humanizing the Customer JourneyYou can’t achieve hyper-relevance without gathering a lot of data about your customers’ lives. But you also can’t get there with data alone. To truly humanize your customer journey, you have to collect data on an ongoing basis, share it across your organization, and continually parse it. That’s a tall order – in fact, it’s pretty much impossible without the right technology.But the right software can break down silos between sales and marketing (and other departments) by providing a single home for all relevant data – from email clicks to in-person conversations – and providing a simple way to funnel that data into hyper-relevant communications.To make that happen in your organization, it’s essential to get these three things right:Get buy-in from leadership – Without alignment at the top, efforts to coordinate among departments almost always fall short. Choose a tech solution designed for the mortgage industry – If you don’t, the setup required to achieve the operational efficiencies that will really move the needle will take too long.Move past transactional thinking – The most valuable customers are those who return again and again – for life. Use the power of hyper-relevance to become a valued advisor even when you have nothing to sell.Better Tech, Better RelationshipsTechnology has the power to make mortgage lenders even better at what they do: build and nurture personal relationships with potential homebuyers. Choosing tech solutions that facilitate this process will enable relationship-building at scale. February 14, 2019 1,151 Views last_img read more