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  • Forecast Revisit for the worldwide Travel and Tourism Industry

    Research and Markets has announced the addition of the “Forecast Revisit for the worldwide Travel and Tourism Industry” report back to their offering.

    The travel industry confirmed its vitality in 2012, recording 4% growth in the case of international arrivals. Growth is anticipated to continue within the next five years and beyond, driven by the growing like to explore the realm among consumers around the globe, in addition to by the upward push of the center and affluent classes within the emerging economies. The fastest growing categories include online travel, low price carriers, medical tourism, shopping tourism, rail transport and personal accommodation.

    Euromonitor International’s Forecast Revisit for the worldwide Travel and Tourism Industry global briefing offers an insight into to the scale and shape of the Travel and Tourism market, highlights buzz topics, emerging geographies, categories and trends in addition to pressing industry issues. It identifies the leading companies and types, offers strategic analysis of key factors influencing the market from innovation, pricing, channel distribution to economic/lifestyle influences. Forecasts illustrate how the market is decided to modify and descriptions the factors for achievement.

  • News: Travelport Limited launches comprehensive refinancing plan

    Travelport Limited (the “Company”) and Travelport LLC, an indirect subsidiary of the corporate (the “Issuer”), today announced a comprehensive capital refinancing plan (the “Restructuring Plan”), including arrangements to increase until 2016 the maturity date of the Issuer’s Senior Notes due in 2014. Additionally, the Company’s parent companies reached agreement with lenders of Travelport Holdings Limited’s unsecured payment-in-kind (“PIK”) loans (“Holdco Loans”) to support the Restructuring Plan, including exchanging Holdco Loans into equity of Travelport Worldwide Limited (“Worldwide”).

    “Following the business momentum management has achieved in recent quarters from the successful delivery of the Company’s strategy, today’s proposed refinancing transactions are specifically designed to increase 2014 debt maturities, eliminate the debt at Travelport Holdings and simplify the Company’s capital structure” stated Gordon Wilson, President and CEO of Travelport Limited. “The successful execution of the refinancing will allow Travelport’s management team to continue to spotlight growing the business and achieving more of an identical within the months and years ahead. We appreciate the broad support we’ve received and await successfully completing the restructuring plan.”

  • Ritz-Carlton Abu Dhabi, Grand Canal opens to public

    After much anticipation, The Ritz-Carlton Abu Dhabi, Grand Canal has opened its doors.

    The 532-room luxury resort is the primary Ritz-Carlton in Abu Dhabi and the ninth property inside the Middle East for the luxurious hotel operator.

    Inspired by 15th to early 17th century Renaissance architecture and the urban planning of the town of Venice, The Ritz-Carlton Abu Dhabi, Grand Canal is found on the waterfront and includes ten stately buildings arranged in a crescent formation.

    Overlooking the 1,600 square meter pool, the backdrop of the hotel is the majestic Sheikh Zayed Grand Mosque.

    The property features 447 luxurious guestrooms and suites, as well as 85 private one- and two-bedroom villas.

    “We are delighted to open our first hotel within the United Arab Emirates capital of Abu Dhabi, a city we’ve got waited to be in until finding the absolute right location,” said Herve Humler, president, The Ritz-Carlton Hotel Company.

    “Warm Arabian hospitality combined with legendary Ritz-Carlton service will create many unique, once-in-a-lifetime experiences for visitors from all over the world.”

    Abu Dhabi, the biggest of UAE’s seven emirates, was a fishing village known regionally for its pearl trade just 50 years ago. 

    Today, luxury and grace are infused with traditional values of hospitality and culture, and make this dynamic city a draw for over two million visitors annually. 

    Made up of 200 small islands, Abu Dhabi’s stunning beaches, expansive desert and luxurious oases provide a venue for exhilarating adventure or tranquil retreat while the old souks and majestic Sheikh Zayed Grand Mosque – recently named some of the world’s top visitor attractions – offer an intimate look at Arabian culture.

  • News: Hertz expands supercar rentals in Europe

    The Hertz Corporation, the world’s leading general use car rental brand, has expanded its Supercar offerings in Europe to cater for international and native market demand. Providing the chance to drive high end marques that might normally retail at six figure prices, Hertz Supercars at the moment are available for rental in France, Italy and, as of April, within the Netherlands. Additionally, further premium models has been added to the collections within the UK and Spain. Customers can benefit from the ultimate driving experience with legendary models comparable to the McLaren MP4-12C, Lamborghini LP 560 Spyder, Ferrari 458 Italia Spider Scaglietti, Bentley GT Continental and Jaguar X-KR for an afternoon or longer.

    Michel Taride, Group President, RAC International, Hertz Corporation, said: “The expansion of our supercar rentals in Europe is astounding news for patrons worldwide who need a taste of the millionaire lifestyle. Our supercars are being driven out at the open road by true car enthusiasts, people eager to land a great business deal, and people desiring an unforgettable experience of a life-time. Once more, Hertz is demonstrating its flair for providing highly rewarding customer experiences and a large collection of offerings to fit every occasion.”

    Supercars in France include the enduring Lamborghini LP 560 Spyder, Range Rover Evoque and Aston Martin Virage Volante while the variety in Italy features marques akin to the Porsche Cayenne Turbo, Jaguar X-KR and Audi Q7 S Lin. Within the Netherlands, customers can be ready to hire a Porsche 911, Porsche Panamera, Porsche Boxster, Bentley GT Continental and Range Rover Evoque.

    Within the united kingdom new additions equivalent to the Lamborghini LP570-4 Performante Edizione Tecnica and Range Rover Vogue Autobiography have just been unveiled, while the Spanish collection has induced board high end vehicles including the Audi R-8 and Mercedes SLS.

    Ideal for locals or international visitors trying to benefit from the high life, the supercar ranges follow within the success of Hertz’s other premium offerings akin to the Prestige Collection with its quality vehicles including the Mercedes S350 and the Audi A5.

    In addition to the supercar offerings in UK, Spain, Italy, France and The Netherlands, customers can hire a Porsche Panamera at selected locations inside the USA. Benefits can include multi-driver policies, inclusive insurance and vehicle delivery, counting on the market. Customers should be aged 25 and over. Other terms and stipulations apply.

  • Guam Visitors Bureau to host China Outbound Travel Market Symposium

    The Guam Visitors Bureau (GVB) invites local businesses to organize for the expected increase of Chinese visitors to Guam by attending its symposium to benefit the most recent market trends and the way it may possibly benefit business. With the support of the Pacific Asia Travel Association (PATA), GVB will host a China Outbound Travel Market Symposium on May 22.

    In Calendar Year (CY) 2012, Chinese outbound departures achieved 83.18 million in total, representing a year-on-year growth of 18.41%. The choice of outbound departures is predicted to maintain increasing at a regular growth rate of over 10% in next 10 years. By 2015, about 100,000 million outbound departures is forecasted, in keeping with Mr. Shao QiWei, Chairman of the China National Tourism Association (CNTA). Arrivals from China to Guam rose from 7,068 to eight,939 – an important increase of 26.5% in comparison to CY2011. While China arrival numbers are expected to continue to rise, a visa waiver for China would increase visitor arrivals dramatically. It really is important because Chinese outbound travelers, who’ve high incomes and are well educated, have steadily increased over the last several years, and Guam’s economy can benefit by obtaining market share from this lucrative target segment.

    “There is extensive work being done in Guam and Washington DC to facilitate a visa waiver for China,” said GVB General Manager Karl A. Pangelinan. “Based on information Governor Calvo brought back from meetings on his recent trip to the nation’s capitol, we think a call to be made later this year.”

    GVB hosted the primary symposium in October 2010, which inquisitive about understanding the profile of Chinese outbound travelers and the way to generate relationships with Chinese agencies to construct Guam’s awareness in China. This year, the symposium is scheduled for May 22, 2013 and may be a whole-day event fascinated by the right way to maximize opportunities in welcoming increasing numbers of Chinese visitors by meeting their travel want and desires.