Share in Data Last month’s uptick in “”consumer confidence””:https://themreport.com/articles/consumer-confidence-rebounds-in-february-2013-02-26 suggests consumers may not be too concerned about pending impacts of fiscal policy, but “”Fannie Mae””:http://www.fanniemae.com/portal/index.html predicts they will nonetheless feel some financial tightening over the next few months. [IMAGE] Several economic indicators are trending positive right now, but the GSE’s March economic forecast warns the pending sequestration and the effects of higher social security taxes may dampen some of the current progress. On the other hand, the GSE continues to see housing as a bright spot in the economy–one that is not likely to darken in the near future. [COLUMN_BREAK]Jobs, consumer confidence, and the stock market have all been on the rise, and the manufacturing and service industries are experience growth “”at a healthy pace,”” according to Fannie Mae. All of this has led the GSE to believe “”the first quarter will be stronger than we originally thought”” and furthermore led the enterprise to abandon any prediction of a recession “”anytime soon.”” Recent job growth may be impacted by the government sequester as some employees are laid off or incur furloughs, and incomes and consumer spending, both of which dipped at the start of the year, may remain slow in the next few months. However, Fannie Mae predicts economic growth to expand in the second half of this year, reaching 2.1 percent for the year overall. “”[W]e see some improvement in our outlook for growth this year, primarily because of continued strength in the housing market,”” Fannie Mae said. The sector continues to improve with rising prices “”helping to boost household net worth and providing support to consumers amid ongoing fiscal tightening,”” according to the GSE. Fannie Mae: Growth Outlook Strong Despite Fiscal Woes Agents & Brokers Attorneys & Title Companies Confidence Fannie Mae GDP Investors Jobs Lenders & Servicers Service Providers Unemployment 2013-03-29 Krista Franks Brock March 29, 2013 425 Views
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in Daily Dose, Government, Headlines, News Share Regulators Shutter Georgia Bank; 2014 Failure Count Hits 13 Bank Failure FDIC Georgia Department of Banking and Finance 2014-07-21 Tory Barringer State and federal regulators announced Friday the closing of a Georgia bank, putting the 2014 national bank failure tally at 13.Georgia’s Department of Banking and Finance took possession of Conyers-based Eastside Commercial Bank, appointing FDIC as receiver.To protect depositors, Community & Southern Bank, based in Atlanta, has agreed to assume all of Eastside’s deposits, which were estimated at $161.6 million as of March 31. Community & Southern has also agreed to purchase $104.7 million of the collapsed bank’s estimated $169.0 million in total assets.FDIC also announced a separate transaction with Macon’s State Bank and Trust Company, which will purchase $42.6 million of Eastside’s loans.The remaining assets will be held by FDIC for later disposition.The cost of the bank failure is expected to impact FDIC’s Deposit Insurance Fund to the tune of $33.9 million, the regulator announced.Besides being the 13th FDIC-insured bank to fail so far this year, Eastside was the first to fall in Georgia in more than a year.While FDIC doesn’t make its list of Problem Banks open to the public, Eastside has sat on Calculated Risk’s unofficial list since 2009, when FDIC and the Georgia Department of Banking and Finance published a cease and desist order in alleging that Eastside was found to have “engaged in unsafe or unsound banking practices and had committed violations of regulations.” July 21, 2014 395 Views
Now that the overall economy is on more solid ground, Wells Fargo economists suggest that housing may soon follow in its footsteps, according to the group’s Housing Chartbook for October 2014.The second quarter real GDP growth was recently revised to a higher annualized rate of 4.6 percent, and the unemployment rate has fallen below 6 percent for the first time since 2008. Data on consumer spending and employment for the third quarter suggests that the economy will close out 2014 on a high note, according to Wells Fargo. The economists indicated in the report that they believe real GDP growth will average 3 percent per annum for the next two years.Improvement in the economy, however, has not translated into improvement for the housing market to date except for a few isolated markets such as Austin, Charlotte, and Nashville, all of which experienced strong employment and income growth, according to Wells Fargo’s report. New and existing home sales remain disappointing despite the improved economic conditions, with investors stepping away at a faster rate than traditional buyers are returning. Many new households choosing renting over buying, according to Wells Fargo.While some predict that the housing market is poised for more rentals than buys for years to come, particularly among millennials, Wells Fargo suggests the contrary. Because foreclosures, delinquencies, and mortgages in a negative equity position have all been steadily declining over the last few years, Wells Fargo economists predict that home sales will improve and the demand for mortgages will revive once households are more confident about income and employment. Tighter lending standards have prevented many from obtaining a mortgage loan, according to Wells Fargo.New home sales saw an 18 percent increase nationwide in August, sending them to their highest level since 2008. The Northeast and West experienced the largest gains in new home sales with 29.2 percent and 50 percent, respectively, according to Wells Fargo. The surge in new home sales matches the monthly gain in builder sentiment; the National Association of Home Builders (NAHB)/Wells Fargo Home Builder Sentiment Index jumped 4 points in September up to 59, its best score in nine years.Existing home sales fell off by 1.8 percent in August, but the decline in all-cash transactions (down 6 percentage points to 23 percent) suggests that investors are becoming less active in the housing market, according to Wells Fargo. in Daily Dose, Data, Headlines, News Confidence Existing-Home Sales Forecast New Home Sales Wells Fargo 2014-10-13 Seth Welborn Share Forecast: Housing to Follow Economy to Solid Ground October 13, 2014 438 Views
Top 12 Cities for Vacation Homes in Daily Dose, Data, Featured, News Share May 7, 2018 515 Views cities Holidays Home Value homes Median Home Price Share of Homes Vacation Zillow 2018-05-07 Radhika Ojha Upper Township in New Jersey has the highest share of vacation homes in the country according to a recent Zillow report that listed the 12 metros with the most vacation homes. The report found that almost a third of all homes in Upper Township are for seasonal, recreational, or occasional use.With a median home value of $328,000, the report indicated that Upper Township in New Jersey had 50,490 vacation homes earning it the top spot on the list. Coming in a close second was East Falmouth in the Cape Cod area of Massachusetts. With a median home value of $403,000 and 63,890 vacation homes that made up around 27.5 percent of all homes in the area, East Falmouth’s home values have risen 7.3 percent on an annual basis according to Zillow’s home value data.Continuing the domination of the Northern and Northeastern regions on this list, Brainerd, Minnesota, with 26,600 vacation homes that made up 27.4 percent of all homes in the city came in at third spot. The median home values for holiday abodes in this city were pegged at $175,100. At fourth spot, Morehead City in North Carolina had 23.7 percent vacation homes and a median home value of $242,500. Salisbury, Maryland rounded off the top five with 23.1 percent of total homes being used for recreation or occasionally and a median home value of $232,000Three Florida cities—Naples, Key West, and Fort Myers—also made it to the list at ranks eight, nine, and ten respectively. While the median values ranged between $225,400 in Fort Myers and $527,000 in Key West, the share of homes used for recreation ranged between 20.1 percent and 19.2 percent in these coastal cities.Show Low, Arizona; Marinette, Wisconsin; Branson, Montana; and Myrtle Beach, South Carolina were also among the Top 12 cities with more vacation homes than not according to Zillow.
in Daily Dose, Featured, Government, News August 22, 2018 735 Views HUD Proceeds with Fair Housing Amendments AFFH Diversity Fair Housing Rules homeowners homes HOUSING HUD Inclusive 2018-08-22 Radhika Ojha The U.S. Department of Housing and Urban Development (HUD) announced on Wednesday that it was moving forward on amending the Affirmatively Further Fair Housing (AFFH) regulations.HUD said that a court ruling had dismissed a lawsuit against the agency related to the Department’s decision to suspend the use of a computer tool to be used by local governments in meeting their fair housing obligations to ‘affirmatively further fair housing.’In a 77-page ruling dismissing the lawsuit, Chief Judge Beryl A. Howell of the U.S. District Court for the District of Columbia said ,”HUD acknowledges that the agency has not always administered programs in a manner to ensure that this long-standing statutory requirement affirmatively to further fair housing (“AFFH”) is met “as effective[ly] as had been envisioned.”Last week, HUD had published a notice inviting the public’s comments on amendments to its AFFH regulations. The notice said that the agency’s goal in pursuing this new rulemaking was to offer more helpful guidance to states and local communities to effectively promote fair housing choice through the use of federal funds.Specifically, the housing agency is seeking public comment on changes that will minimize regulatory burden; create a process focused on accomplishing positive results; provide for greater innovation and local control; encourage actions that increase housing choice.“I am tremendously gratified that the Court agreed with HUD on all its legal arguments. My approach to regulations is that they should work in practice and not just in theory,” Secretary Ben Carson said in a message to employees on the ruling. “Whether it’s making sure our regulations work in the real world or challenging discrimination where we find it, HUD stands for fairness.”Apart from the AFFH, HUD is also being asked to conform the disparate impact rule to the Supreme Court decision. In a recent letter to the agency, the Credit Union National Association (CUNA) said that the agency should issue a proposed rule to make necessary changes to its 2013 disparate impact rule to conform to a 2015 U.S. Supreme Court ruling.“We urge HUD to thoroughly scrutinize the specific requirements of the 2013 Disparate Impact Rule against the expansive language in Inclusive Communities to determine all changes necessary to bring parity between the rule and the ruling,” CUNA’s said in its letter. “Following that review, it is critical that HUD works with credit unions and other interested stakeholders through both the formal NPRM process and direct outreach to the financial services community.”Read the details about HUD’s proposal to amend the AFFH regulations:HUD Proposes Amendments to AFFH Regulations Share
Most Americans believe this is a seller’s market, according to recent data from the National Association of Realtors (NAR). According to the NAR Housing Opportunities and Market Experience, 77 percent of Americans believe that now is a good time to sell a house, while those that think now is a good time to buy continues to decline.According to the report, around half of all Americans believe now is a good time to sell (compared to 46 percent last quarter). Another 27 percent moderately believe this is the right time to sell. Only 22 percent believe that now is not a good time to sell, down from 29 percent in the second quarter.Additionally, most consumers believe prices have and will continue to rise. According to NAR Chief Economist Lawrence Yun, homeowners are are enticed to sell by by this continued price growth.“Though the vast majority of consumers believe home prices will continue to increase or hold steady, they understand the days of easy, fast gains could be coming to an end,” said Yun. “Therefore, more are indicating that it is a good time to sell, which is a healthy shift in the market.”This seller’s market has put many off of buying. In July, the CoreLogic Market Condition Indicators found that 40 percent of metropolitan areas had an overvalued market, meaning home values were 10 percent below the sustainable level. According to a study from Pulsenomics and Zillow, this seller’s market is expected to last until 2020.”For the past several years, home sellers held all the cards at the negotiating table, fielding multiple offers while buyers faced stiff competition and a fast-moving market,” said Zillow Senior Economist Aaron Terrazas. “Conditions are starting to show signs of easing up, but the effects of years of limited construction still linger. Inventory is still falling on an annual basis, and home values are growing well above their historic pace. Although these trends are starting to lose their edge, it is far too soon to call it a buyers market.” Sellers Agree, Now Is a Good Time to Sell in Daily Dose, News, Origination September 26, 2018 639 Views Homebuyers homeowners Prices sales Sellers 2018-09-26 Seth Welborn Share
June 11 , 2018 Guatemalan mango exports to U.S. get underway in … The National Mango Board (NMB) has warned that volumes available in the U.S. market between now and week 40 are forecast to be 9% lower year-on-year.The organization said Mexican mango volume has decreased over the last two weeks due to a gap in the transition between the southern and northern states, and because of less fruit than originally projected due to more than normal fruit abortion caused by drought conditions.The peak of the Mexican mango season is expected to be at the end of June to early July with over 3.7 million boxes per week. Miraculous mangoes: How the fruit is advancing pla … The Mexican states of Chiapas, Michoacan, Nayarit, Sinaloa and Jalisco are currently harvesting and packing. North Sinaloa is expected to start their season towards the end of June.A total of 79.6 million boxes of mangoes have been forecast for Mexico’s season, which began in January and is expected to run until the first week of October. Last year the country shipped 79.9 million boxes.By the end of last week Mexico had shipped a total of 37.2 million boxes for the season, whereas by the same week last year it had shipped 33.3 million boxes.Guatemala is expected to finalize its export season within the next week, and Haiti is currently exporting to the U.S..www.freshfruitportal.com U.S.: APHIS publishes Colombian mango import PRA … Mangoes In Charts: Mid-year update – how does this … You might also be interested in
You might also be interested in October 08 , 2018 “#Michael could be one of the worst hurricanes to ever strike the Florida Big Bend and Florida Panhandle region,” tweeted Rick Knabb, the Weather Channel’s hurricane expert. “We only have today and Tuesday to complete life-saving preparations.”Weathermelon said on Monday morning that the locations in Florida and Georgia where it will likely hit are fall growing regions for tomatoes, cucumbers, bell peppers, squash, eggplant and green beans. “We would expect to see production out of these regions for the months of October and November,” it said.Last month’s Hurricane Florence left surge flooding in North Carolina, record flooding in South Carolina as well as high tide in the coast of Virginia. The hurricane left a total of at least 49 dead in the three states, with North Carolina having the highest toll with 39 fatalities. Mexican tomato tariffs: “Pattern of innuendo and d … U.S.: Florida expects “typical” avocado volume, de … U.S. Florida Tomato Exchange says newly proposed M … Hurricane Michael is strengthening as it enters the Gulf of Mexico and is expected to become a Category 3 storm by the time it reaches northern Florida on Wednesday.It will probably be the area’s strongest hurricane in at least 13 years. Flooding rain and destructive winds are set to start on Tuesday night and continue through Wednesday. USDA expands quarantine zone for citrus black spot …
You might also be interested in U.S.: FDA finds no salmonella outbreak source at D … U.S.-based Fresh Del Monte Produce has reported a net loss for the third quarter of US$21.5 million, as the company continues to face some operational challenges from earlier in the year.The result compared to net income of US$11.5 million recorded in the third quarter of 2017.The change was primarily the result of lower operating income and higher interest expense, partially offset by lower provision for income taxes, the company said.”We delivered a 12% increase in net sales during the third quarter, led by a solid contribution from our recent acquisition of Mann Packing,” said chairman and CEO Mohammad Abu-Ghazaleh.”Our operations continue to recover from previously disclosed challenges earlier in the year. We benefited from the progress of our diversification strategy, innovation efforts, and global presence while keenly focusing on creating greater efficiencies throughout our organization.”Operating loss for the third quarter was US$11.3 million, compared with operating income of US$16.7 million in the third quarter of last year. The decrease was primarily due to higher asset impairment and other charges, and higher selling, general and administrative expenses as a result of the acquisition of Mann Packing.Net sales for the quarter ended ending Sept. 28 rose to US$1,069 million. Del Monte said this was due to increased sales on its other fresh produce and prepared food business segments, primarily due to contributions from the Mann Packing business, partially offset by lower net sales in the banana business segment.Gross profit fell by 10% to US$52.6 million, which was attributed to lower gross profit in the other fresh produce business segment and higher ocean freight and production costs, but partially offset by higher banana prices and favorable exchange rates.Del Monte acquired Mann Packing in February. In June the company recalled some vegetable trays following reports of illnesses. Fresh Del Monte posts strong Q2 following “strateg … Court affirms Del Monte’s US$29M arbitration win a … October 30 , 2018 Fresh Del Monte: Lower banana profits contribute t …
The Colombian mango industry has been seeing steady export expansion over the last couple of years driven by Keitt, which has registered higher growth than other key varieties in the country like Tommy Atkins.Ramiro Salcedo, regional secretary of the Colombian Fruit Growers Association (Asohofrucol) in Magdalena, told FreshFruitPortal.com that the planted mango area in the South American country continues to rise – currently at around 45,000 hectares – and that the industry is increasingly looking to export fruit, which last year represented less than 5% of production.The three varieties exported are Keitt, Tommy Atkins, and the mango de azúcar (sugar mango), a small, local cultivar.”Keitt is the variety with the greatest and most recent growth. It is mainly in demand in Europe,” Salcedo said.Tommy Atkins production levels remain flat, he added. “Keitt is theoretically replacing Tommy due to the phytosanitary problem of internal rot that it has.” March 07 , 2019 You might also be interested in Colombia: TR4 suspected on two banana farms … He said the cause of the problem has not been identified, but that it could be due to genetic, physiological or nutritional reasons.”Tommy mangoes continue to be exportable despite the aforementioned problem and they are produced in Colombia year-round,” he said. “Keitt is the variety that is increasing in size and exports, it is being grown well in Colombia and has a very good color. It is produced in the north of the country from June until August.”The Asohofrucol representative added that the Keitt variety has a second harvest later in the year in the south of the country.The mango de azúcar is exported from April to July, with almost no exports taking place in the second half of the year due to heavy northern rains which mean the fruit does not meet export standards but can be sold domestically.Colombia does not yet have access to the U.S., with most Keitt exports going to Europe, most mangos de azúcar going to France and the United Arab Emirates and Tommy Atkins mainly destined to Canada, Europe and Asia. Colombia: ICA confirms TR4 quarantine in effect on … International experts assist ‘rigorous’ Colombian … Colombian avocados are the business …
ChinacruiseRiver cruiseYangtze Helen Wong Tours’ eponymous managing director and founder knows plenty about travellers, tours and China, and says Australia’s love affair with river cruising has seen an increase in interest for Yangtze cruises through the breathtaking Three Gorges.“The cruises through the spectacular Three Gorges between Yichang and Chongqing – and vice versa – have been popular for many years. But based on the more recent thirst by Australians to experience a luxury cruise ship holiday, we forecast a healthier flow of Australians along the Yangtze.”The Three Gorges cruise is a feature of Helen Wong’s Tours’ 15-day Yangtze Wonders group tour, which also includes visits to Shanghai, Xian (home of the Terracotta Warriors) and Beijing. Until the end of November 2017 it is priced from $5750 per person, twin share from Australia; and the nine-day Downstream and Upstream Yangtze tours, from $2760 per person, twin share, including stays in Shanghai and Chongqing. Return air fares from Australia are extra.In meeting demand for luxury cruise holidays, the company, which is celebrating its 30th anniversary this year, uses the seven-strong American-owned Victoria Cruises fleet in its program, and each vessel is five-star rated by the China National Tourism Administration.With multi-lingual cruise director on board, each ship is air conditioned and boasts outside cabins with private balconies and bathrooms. All meals are included in a choice of two restaurants along with wi-fi access and a host of other features.On the Victoria Jenna
OsakaSingapore Airlines Singapore Airlines (SIA) will add a third daily service to Osaka’s Kansai International Airport in April 2019, to meet growing demand for travel between Singapore and Japan.SIA already operates two flights per day on the popular Singapore-Osaka route, and the third will be introduced with effect from 27 April 2019. Airbus A330-300 aircraft will be operated, adding nearly 2,000 seats per week in each direction.Flight SQ620 will depart Singapore at 0830hrs and arrive at Osaka at 1610hrs. The return flight will operate as SQ621, departing Osaka at 1725 hrs and arriving in Singapore at 2305hrs.The new flights are subject to regulatory approvals. Tickets will be made available for sale progressively through the various distribution channels.
D-backs president Derrick Hall: Franchise ‘still focused on Arizona’ Comments Share Easier said than done for a Cardinals defense that has been torched the first two weeks of the season.Arizona currently has the 29th ranked defense in the league, but are facing a Seattle offense struggling to get anything going.“This is a bad football team. They can’t do anything offensively,” said Clayton.For the Cardinals defense, this might be the game that can get them on track. Cardinals expect improving Murphy to contribute right away PHOENIX – The Arizona Cardinals head into Week 3 with a big divisional match-up against the reigning NFC West division champion Seattle Seahawks.One ESPN insider believes this game is ripe for the taking for the Cardinals.“The only thing to worry about is if the defense plays bad enough to allow Tarvaris Jackson to get some confidence throwing the football. That’s the one concern,” said John Clayton on the Arizona Sports 620’s Doug and Wolf show on Friday. What an MLB source said about the D-backs’ trade haul for Greinke Top Stories Nevada officials reach out to D-backs on potential relocation
Kevin Kolb has led the Cardinals to three wins this season, but it was Sunday’s tilt with the Eagles that really changed perception.In that game Kolb went from simply a caretaker QB to one who was making plays, ultimately completing 17-of-24 passes for 222 yards and two touchdowns.“He played a rock-solid game against the Eagles,” ESPN NFL analyst Ron Jaworski told Arizona Sports 620’s Burns and Gambo. “It looked like a quarterback that was very confident. He had the swagger.” Comments Share Top Stories Cardinals expect improving Murphy to contribute right away Jaworski noted that he’s always had doubts about whether or not Kolb can be consistently accurate with his passes, but his performance in the 27-6 win over Philadelphia showed him something.“You look at the tape, I saw the ball coming out in time with his wide receivers.”Jaworski noted the Cardinals still had some issues on the offensive line, which is something he said will have to be cleaned up if the team is to take the next step and become a great team on both sides of the ball.“I think they’re achieving that on defense,” he said. “Offensively, a ways to go.” Nevada officials reach out to D-backs on potential relocation What an MLB source said about the D-backs’ trade haul for Greinke D-backs president Derrick Hall: Franchise ‘still focused on Arizona’
The 5: Takeaways from the Coyotes’ introduction of Alex Meruelo Derrick Hall satisfied with D-backs’ buying and selling Cleveland Browns defensive back Robert Nelson (42) celebrates with Leon McFadden (29) after an interception against the Chicago Bears in the fourth quarter of a preseason NFL football game Thursday, Aug. 28, 2014, in Cleveland. (AP Photo/David Richard) Comments Share Top Stories Former Cardinals kicker Phil Dawson retires Along with elevating Nelson to the active roster, the Cardinals announced they have signed cornerback Kevin White to their practice squad.White entered the NFL with the Atlanta Falcons as an undrafted free agent out of TCU, but was released on Sept. 4. In 50 games with the Horned Frogs, he notched 146 tackles, six interceptions and 27 passes defensed. The Arizona Cardinals announced they have waived/injured cornerback Cariel Brooks Wednesday while elevating cornerback Robert Nelson, Jr. from the practice squad to the active roster.Nelson has been with the Cardinals since Sept. 7 when he was signed to the team’s practice squad. He spent the preseason with the Cleveland Browns. The 5-foot-10, 180-pound defensive back played his college football at Arizona State University, recording 73 tackles and nine interceptions in 27 games with the school. Grace expects Greinke trade to have emotional impact
Two Arizona Cardinals defensive lineman were questionable to play against the San Francisco 49ers on Sunday after missing practice Friday.Sunday morning it was confirmed that both defensive tackle Robert Nkemdiche (foot) and defensive end Markus Golden (knee) will be inactive for the Cardinals as they seek their first victory of 2018.Bene Benwikere (knee), Larry Fitzgerald (hamstring, back), Corey Peters (elbow), Jamar Taylor (back) and John Wetzel (shoulder) were all marked as active despite being tagged with a questionable game status after missing practice time during the week. Former Cardinals kicker Phil Dawson retires For the 49ers, two wide receivers have been ruled out including Dante Pettis (knee) and Marquise Goodwin (hamstring, quadricep). Related LinksWeek 5 injury report: Arizona Cardinals at San Francisco 49ersReport: 49ers WR Marquise Goodwin out Sunday against the CardinalsAll in the hands: Cardinals face 49ers coach’s wide zone running gameThe 49ers will also be without cornerback Jimmie Ward (hamstring) who was listed as questionable. Cornerback Richard Sherman (calf) was questionable throughout the week but will be suited up to play.Three offensive lineman who were questionable for San Francisco will all be active. Tackle Joe Staley (knee), center Weston Richburg (knee) and tackle Mike McGlinchey (knee) will all be available to block for running back Matt Breida who was designated active despite a shoulder injury. Derrick Hall satisfied with D-backs’ buying and selling The 5: Takeaways from the Coyotes’ introduction of Alex Meruelo 13 Comments Share Chicago Bears running back Jordan Howard (24) scores a touchdown as he gets past Arizona Cardinals’ Benson Mayowa (91), Robert Nkemdiche (90) and Gerald Hodges (51) on a block from Bears offensive tackle Bobby Massie (70) as Cardinals defensive back Antoine Bethea (41) looks on during the second half of an NFL football game, Sunday, Sept. 23, 2018, in Glendale, Ariz. (AP Photo/Rick Scuteri) Grace expects Greinke trade to have emotional impact Top Stories
Qantas customers will soon be able to start booking direct flights to San Francisco for travel from 18 December 2015.This follows interim authorisation from the Australian Competition and Consumer Commission (ACCC) for the continuation and enhancement of the Qantas and American Airlines relationship announced in early June.Qantas International CEO Gareth Evans welcomed the ACCC’s decision as it will enable customers to book the airline’s new direct flights from Sydney to San Francisco and reach their destination faster.“The feedback from our customers since we announced the expansion of the Qantas and American Airlines alliance has been fantastic,” said Mr Evans.“They are thrilled we are returning to San Francisco, which is the most popular onward destination for Qantas’ customers travelling to the US.“Our corporate customers in particular have told us they look forward to saving about four hours each way by not having to connect through Los Angeles.”Qantas’ San-Francisco services will initially operate on peak days and ramp up to six per week in January 2016 using its newer Boeing 747-400 aircraft with similar interiors found on the airline’s A380s.Qantas’ flights to San Francisco are made possible by American Airlines starting a direct daily Sydney-Los Angeles service from 19 December 2015. This will replace four of Qantas’ B747 Sydney-Los Angeles services per week and one Qantas B747 Melbourne-Los Angeles service per week.Today’s decision also allows Qantas to begin selling new codeshare services operated by American Airlines on the Sydney-Los Angeles route using their state of the art B777-300ER aircraft.Qantas and American Airlines are now working to finalise the schedule of new services with fares available in coming weeks.
Go back to the e-newsletter >Luxury cruise line Crystal Cruises has revealed more details of its Crystal River Cruises venture – part of the company’s mega expansion – and announced a planned launch for March 2017.Crystal River Cruises will launch two river yacht vessels, to be built in the Weft Shipyard in Germany, each boasting larger accomodations and superior guest-to-space ratio than any existing river lines. Features include walk-in wardrobes, king size beds and bathrooms with double vanities. Each vessel will also have two Penthouse Suites measuring 46-sqm. On-board amenities advertised so far include comfortable public areas, a fitness centre and spa.Fares and itineraries for Crystal River Cruises will be announced on December 1, 2015.Planned destinations include France, Germany, Switzerland, Holland, Belgium, Austria, Slovakia, Hungary, Croatia, Serbia, Romania and Bulgaria.Crystal CEO Edie Rodriguez commented: “The beauty of river cruising is not only that travellers enjoy close-up access to more fascinating inland locales, but also that the rivers themselves are coveted destinations that shouldn’t be overlooked…Our guests will have the opportunity to revel in the unique environment that sets river cruising apart from other travel experiences.”In addition, a new shore excursion program called Active Exploration Adventures will debut, offering cruisers ‘high-intensity shore-side activities to enable guests to stay fit and active while enjoying immersive local experiences.Go back to the e-newsletter >
Go back to the e-newsletter >Aman is pleased to announce the appointment of Elliott Miller as Director of Sales, Australia and New Zealand. Representing a first for the company and the importance it places on these key markets, Elliott will be leading sales efforts and activities for Aman in these regions.Elliott will be paying particular attention to the existing properties within the collection including Amangalla and Amanwella in Sri Lanka; Amandari, Amankila, Amanusa in Bali; Amanpuri in Phuket; and Aman’s three China properties Amandayan, Amanfayun and Aman Summer Palace. In addition, Elliott will represent Aman’s latest launches which include Amanera in the Dominican Republic which launched in November 2015, and Amanemu which will launch in March 2016 and which will be an onsen resort in Shima National Park.After graduating with a degree in Hotel Management from Westminster College in 1995, Elliott left his native UK to begin his career as Senior Sales Manager for Hunter Valley Gardens in Sydney, Australia. He further honed his sales skills with the InterContinental Hotels Group back home in London, before joining COMO Hotels & Resorts in 2006.In his previous role before joining Aman, Elliott opened the COMO office in Sydney and assumed the position of Regional Director of Sales (Australia & South Asia). His role encompassed a wide range of responsibilities, growing brand awareness and sourcing new business in the region, whilst managing all market segments including wholesalers, travel agencies, lifestyle and concierge companies, meetings and events, corporates and TMCs.Based in Sydney, Elliott reports to Global Head of Sales, Christina Deeny. An avid adventurer and passionate traveller, Elliott is happiest when experiencing new destinations, whether downhill mountain biking in Bhutan, trekking on China’s Great Wall or summiting Kilimanjaro.Go back to the e-newsletter >
Go back to the e-newsletterEnrique de la Madrid, Mexico’s Minister of Tourism, Alejandro Soberón, President and CEO of CIE, and Eduardo Sánchez, Speaker from the office of the President of Mexico, have released the results of the economic impact of the 2015 Formula 1 Mexican Grand Prix. Following the successful return of Formula 1 to Mexico City in 2015, the Grand Prix promoter, CIE, tasked AECOM and Formula Money, two international companies, to determine the economic benefits that the return of the race brought to Mexico.The study highlighted the following results:With 336,174 attendees, the Mexican Grand Prix became the second largest attended race in the 2015 FIA Formula 1 World Championship, just behind the British Grand Prix at Silverstone.The 2015 Mexican Grand Prix contributed $232.8 million, to the Mexican economy, add this to the $277.8 million of media global exposure, resulting in $510.6 million in economic impact.Additionally, and only for 2015, the construction and remodelling of the Autódromo Hermanos Rodríguez contributed with an extra $242.7 million resulting in a total economic impact of $753.3 million.During 2015, more than 13,500 jobs were created as a result of the event and generated income gains of over $82.6 million.The hotel occupancy during the week of the event generated a sales increase of $19 million in hotel rooms compared to 2014.In addition to the event tickets and accommodation costs, foreign visitors spent $14.4 million during their stay.The 2015 Mexican Grand Prix was broadcast in 185 countries by 119 TV stations and received 1550 hours of global coverage.The Mexico brand, which was exhibited in the track race signage, represented a total of $45.3 million in media exposure, becoming the country with the second most media exposure in the championship.More than 11,000 media clippings were published around the world during the week of the event, hitting almost 2 billion people globally.In social media, the study reported that 2,318 million impressions reaching more than 87 million users from around the world. The hashtags #GPMexico and #F1 became global trending topics, resulting in 80% international interaction and 20% national interaction. Users shared over 350,000 pictures during the race weekend.Commenting on the results, Enrique de la Madrid, Minister of Tourism said: “Here in Mexico, the most important asset that we have is our people; their kindness and warmth are beyond comparison. This is demonstrated every day in world-class events, such as Formula 1.”Go back to the e-newsletter