Garuda increases flights to Sydney

first_imgGaruda Indonesia announced it will increase flights on the Sydney to Jakarta route to keep up with growing demand. The airline said it would add four extra flights per week, increasing it from three to seven per week, Spice News reported. According to the source, its decision to add extra trips on the route came after passenger capacity from Sydney to Jakarta surpassed capacity to Bali by up to ten percent in November and December last year. Garuda Indonesia senior Australia general manager Bagus Y Siregar said the airline’s decision to add flights on the route demonstrates its support in tourism to Jakarta. “We foresee that… with daily services from Sydney to Jakarta we will provide our customers with endless opportunity for travel and encourage the continued growth of Jakarta not only as popular Indonesian destination but as Asia’s newest gateway to the globe,” he said.The carrier also recently said it would increase its trips between Kuala Lumpur and Jakarta this month, using the Boeing 737-800NG to service the route. Garuda Indonesia increases flights to Sydney from three to seven per week Source = e-Travel Blackboard: N.Jlast_img read more

Big Bucks to Boost Irelands Tourism

first_imgpage from the book of Kells Source = e-Travel Blackboard: S.P Ireland’s Minister for tourism Leo Varadkar has announced four major tourism projects across the state will receive a total of €6 million to boost the state’s tourism sector.The book of Kells at Trinity College is set to receive the largest single amount of €2.7 million to develop the state’s most famous visitor attraction, “the book of Kells experience’.The other three projects to receive funding include Garnish Island in Cork which will receive €2.4 million, funding of €430,353 will be used for a mountain bike trail in Killarney and €212,250 will go toward developing camping facilities at Lough Rynn in Co Leitrim.Tourism Minister Leo Varadkar said some 180,000 jobs in the republic are in the tourism sector and the industry is showing steady improvement with tourism numbers up almost ten per cent this year.“The book of Kells with 500,000 visitors a year is one of the top five visitor attractions in the State where people actually pay to come into it, it made sense that the attraction is updated and the visitor experience is improved,” The Minister said.The Minister also warned that there will be less money in the future as in the past few years Fáilte Ireland has invested 60 million on 39 projects.“I’m delighted that these projects are definitely going ahead even though the money will be drawn over a number of years, but it’s going to be a lot tighter from here,” The Minister said.Minister of the State Michael Ring said tourists are spoilt for choice with international destinations and we need to make Ireland stand out. “We must do all we can to ensure that Ireland is firmly on the international tourist map and a very desirable location to visit and investing in high quality projects like these is part of the effort,” Mr Ring said.last_img read more

Gidleigh Park wins Hotel of the Year at the inaugural Food and

first_imgAlex Mead, Editor of Food and Travel says ‘More than 20,000 votes were cast by our readers to nominate the best of the best across the food and travel industries and so we have thoroughly deserved winners. It really was a celebration of some incredible people, places and companies’. As well as ‘Hotel of the Year’, where Gidleigh Park was up against international hotels such as Shangri La, Paris and La Mamounia, Marrakech and iconic UK country and city hotels such as The Goring, London and The Grove, Pembrokeshire, Gidleigh Park also won the accolade of ‘Rural Hotel of the Year’. Michael Caines MBE, Executive Chef at Gidleigh Park and Operational Partner and Director of Brownsword Hotels says ‘We are thrilled to have been awarded both ‘Rural Hotel of the Year’ and ‘Hotel of the Year’ at the very first Food and Travel Reader Awards. Gidleigh Park has been my pride and joy since I was appointed chef in 1994 and the team at the hotel work extremely hard to deliver an exceptional and memorable experience for each and every guest. We are delighted to receive such wonderful recognition.’  Gidleigh Park is delighted to announce it has been awarded ‘Hotel of the Year’ at the inaugural Food and Travel Reader Awards held at The Royal Automobile Club on London’s Pall Mall on 3 September 2012.  Gidleigh Park Hotel is accredited by Relais and Châteaux – The ultimate in country house escapes, set within 107 acres of mature woodland and grounds within the Dartmoor National Park on the banks of the North Teign River, Gidleigh Park is a beautiful house created in the Arts and Crafts style country with 24 luxurious rooms. Home to Michael Caines (MBE) Two-Michelin star restaurant and an award winning cellar, the hotel also offers an 18 hole putting course designed by Peter Alliss, croquet lawn, bowling green and tennis court. The grounds provide stunning walks and fishing is permitted in the river. Source = Gidleigh Park All around the world, unique in the world ‘Special mentions must go to the owners, Andrew and Christina Brownsword and General Manager Andrew Foulkes who work hard at keeping the standards high whilst creating a relaxed environment.’ last_img read more

Free accommodation for Lizzy Bennet and Mr Darcy

first_img…… Ms Austin still has a hold on lovers 200 years later, with selected Toga Hotels offering a very special Valentine’s Day opportunity: free accommodation on the 14th of February!Before you start packing your bags and dragging your partner to the nearest Toga Hotel, the Jane Austin part of the deal kicks in – to claim the offer the couple must be named Elizabeth Bennet and Mr Darcy and yes proof of identification is required.If your love isn’t straight out of a storybook then Toga still has something to offer you with selected Adina Apartment, Travelodge and Vibe Hotels selling special Valentine’s Day packages that include boxes of chocolates, wines and late-check outs. Ms Austin would be proud. Image: flickr.comcenter_img Source = e-Travel Blackboard: A.Nlast_img

REVEALED Travellers want to use their mobile phones inflight

first_imgTravellers want to use their smartphonesat 35,000 feet. Image: Attention airlines: the people have spoken and they want their phones back!According to a recent study conducted by One Poll on behalf of AeroMobile, over 70 percent of the surveyed British travellers said that they would use their mobile phones in the air, if they could.Surprisingly, travellers were not actually interested in making or receiving calls, with only 19 percent saying they wanted to talk on the phone, while the rest said they would want to use their mobiles for texting and social media (almost half of the people surveyed) as well as online gaming ( a third of those surveyed).Under 35s were leading the technological demand with over 80 percent stating that they would use their phones during a flight, compared to just over half of over 55s.Women were found be more likely to use their phones for social media, whilst men needed their phones for making and receiving in-flight calls.How much would you pay to use your mobile phone at 35,000 feet? Source = e-Travel Blackboard: A.N.last_img read more

Germany flood update

first_imgRoad, rail travel and river cruising has been ‘severely disrupted’ in parts of Germany, according to the German National Tourism Board (GNTO), after major flooding in the country.Although rainfall has now stopped, a destination update from GNTO said the flooding situation remains critical, particularly along major rivers, and has caused limitations in tourism movement.Currently, town centres in Lower Bavaria remain closed, in East Germany water levels of the river Elbe in Saxony continues to rise and the peak flood wave is still to come in the state of Saxony-Anhalt.Towns and cities on the river Elbe in Brandenburg and Lower Saxony are also preparing themselves for rising water levels and potential flooding over the coming days.Meanwhile, the situation in Upper Bavaria has mostly returned to normal and clean-up operations are under way in Passau.Click here for more information on disruptions to river cruising in Germany.Source = e-Travel Blackboard: NJ Travel restrictions are still to be expected.Image: Sturm Demotixlast_img read more

TripAdvisor gives businesses more review data

first_imgReview Express Dashboard free for businesses. Businesses that utilise TripAdvisor’s Review Express platform can now access a new dashboard containing performance data, for free.TripAdvisor launched the Review Express Dashboard as an enhancement to the already popular Review Express product, following overwhelming and extensive user feedback.Through the Dashboard, TripAdvisor businesses gain access to a summary of the effectiveness of their review collection campaigns, coupled with ratings, which are continuously updated.Businesses will have the ability to see the total number of campaigns processed, the number of emails sent and statistics including the number of clicks and the rate of email openings.“Having greater insights into the impact of their campaigns gives business owners the chance to maximize the value of Review Express to their business,” TripAdvisor vice president of global partnerships Severine Philardeau said.“The dashboard enables them to track their Review Express campaigns and analyse how their efforts are helping their business.  It’s easy to comprehend and displays valuable insights in a clear format.”Source = ETB News: P.T.last_img read more

Qatar Airways flies to Adelaide with 228 extra jobs

first_imgIn a massive boost to South Australia’s visitor economy, “the world’s five-star airline” Qatar Airways has announced it will fly direct into Adelaide from May next year.Tourism Minister Leon Bignell said the announcement by the 2015 Best Airline in the World was a global vote of confidence in Adelaide and South Australia.The daily flights are estimated to generate an additional AU$41 million into visitor economy and create 228 jobs across the state.“In this year’s State Budget our government injected a record AU$35 million into the tourism portfolio to attract additional major events and conventions and to market SA,” Mr Bignell said.“Qatar Airways will be flying the most modern plane in the world to Adelaide – the Airbus A350-900.“Qatar Airways flies to more than 140 destinations around the world and will provide Adelaide with flights from the Middle East, Europe, India and the east coast of the United States.“Qatar is the richest country in the world per capita and this relationship will help boost our trade opportunities.“Adelaide is famous for its premium food and wine and the daily Qatar flight will mean more people from right around the world will be able to fly here to experience our magnificent wildlife and natural beauty.“The state’s seafood industry will also be a big winner with departing flights carrying the world’s finest lobster and other seafood as fresh cargo to Qatar and beyond.”Mr Bignell thanked Adelaide Airport and the South Australian Tourism Commission for their hard work on securing the new flights.Adelaide Airport Managing Director Mark Young said the decision was excellent news for both our tourism industry and South Australians travelling abroad.“The Qatar Airways Doha-Adelaide service opens up a brand new link with the Middle East, and provides excellent connections further afield such as with Europe and the UK.“Qatar Airways will be flying the new-generation Airbus A350-900 aircraft which made its inaugural commercial flight just this year, so we’re getting one of the most technologically advanced twin-engine aircraft in the world.” Qatar AirwaysSource = South Australia Governmentlast_img read more

Personal Travel Managers are the Future of Travel

first_imgSource = TravelManagers Chairman – Barry Mayo Personal Travel Managers are the Future of TravelPersonal Travel Managers are the Future of TravelSince the arrival of the Internet there has long been talk of many, so-called experts sounding the death knell of the traditional bricks and mortar travel agents. As recently as last week following Airbnb expanding its ‘Trips’ service beyond accommodation commencing with Sydney experiences, Webjets’ Managing Director John Guscic commented in The Australian Financial Review that “… the underlying role of the traditional travel agent is arguably in decline…”TravelManagers’ Chairman Barry Mayo is quick to point out that his company has the Internet to thank for its existence.“It was the internet, the great enabler of modern connectivity that created the opportunity for Online Travel Agents to evolve and ironically, it was also the Internet and related technology enhancements that also created the opening for TravelManagers and the personal travel manager concept to be born. Travel is one sector that is very much moving forward. TravelManagers choose to embrace rather than fight the digital revolution and by using the Internet as an effective business tool the company has grown and prospered exponentially.”Mayo is confident personal service is still extremely important in a growing technological world.“With more than 510 personal travel managers throughout the country TravelManagers the only truly national home-based host agency, attributes its key to success being the personal and consistent service delivery and the enthusiasm for the tailoring of travel arrangements to individual client’s tastes and demands.”Mayo further adds, “service is the key in this internet age with the personal travel manager genuinely looking out for what is in their clients’ best interests. Providing individual tailor made experiences, and having your own personal travel manager is what sets a personal travel manager apart from many traditional travel agents and sole online providers,” says Mayo.TravelManagers is in the enviable position of being the market leader and at the forefront, not only of home-based consulting but of providing essential support services to clients as well.“TravelManagers is a 24 hours a day, seven days a week, 365 days a year business. Our state of the art technology allowing the ability to access and process every aspect of a client’s booking at any time is critical to deliver on our promise of exceptional client service. With our continued advanced technology focus and personal travel manager knowledge and experience, our clients receive the best travel experiences and value for money holidays that is unrivalled in the industry,” says Mayo.Mayo is proud that TravelManagers’ personal travel managers go the extra mile for clients.“Our personal travel managers do more than just book flights and accommodation, our commitment is to ensuring clients have the best travel support and experiences. We have examples of personal travel managers who personally drive their elderly or long standing clients to the airport, create pop-up shops at travel clubs and one instance where a client forgot their passport and their personal travel manager collected it from their house and delivered it to them at the airport, and they managed to get on their flight. It’s going above and beyond and delivering exceptional personal service that truly delivers to clients’ needs and ensures clients for life.”TravelManagers clearly demonstrates the home-based personal travel manager model, with its blend of online presence and personal service, is the future of the travel industry.“We have just experienced our best every sales month in February to date, and our first quarter sales are also shaping up to be nothing short of exceptional. The results speak for themselves. Personal travel managers are the way of the future, and you can’t argue with that,” says Mayo.For more information or to speak to someone confidentially about TravelManagers please contact Suzanne Laister on 1800 019 599.About 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 500 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.last_img read more

Carlson Rezidor Hotel Group expands in Vietnam

first_imgCarlson Rezidor Hotel Group expands in VietnamCarlson Rezidor Hotel Group expands in VietnamCarlson Rezidor Hotel Group, one of the world’s largest and most dynamic hotel groups, announced today the signing of a management contract with Phu Quoc Tourist Investment & Development JS Company to develop Radisson Blu Resort Phu Quoc. Scheduled to open in the last quarter of 2017, the new build hotel, with 522 rooms and suites, is set to be a focal point of Phu Quoc. The signing marks the second resort in Vietnam for the Group, following Radisson Blu Resort Cam Ranh Bay, slated to open in 2018.Situated in Southern Vietnam, Phu Quoc is also known as Pearl Island, a stunning tourist destination famous for its pristine beaches, rich coral reefs and dense tropical jungles. Popular attractions comprise of Phu Quoc National Park, a UNESCO Biosphere Reserve, Din Cau Rock Temple and the spectacular Tranh Waterfall.Strategically located along Bai Dai beach, the resort is a 27-km drive away from Phu Quoc International Airport, catering to a series of domestic and international flights.Radisson Blu Resort Phu Quoc features an all-day dining and bar option that will serve international cuisine. Guests can also access the fully-equipped fitness center, outdoor swimming pool, spa and a VIP Lounge, as well as Casino Phu Quoc, the first in Vietnam to permit domestic entry.The hotel is part of an integrated resort that caters to a host of recreational and corporate activities including a convention center, safari park, theater, water theme park, retail, multiple restaurants and a 27-hole golf course.“We are honored to partner with Phu Quoc Tourist Investment & Development JS Company to deliver the benefits of Radisson Blu, an upper upscale global brand. The growth opportunities in Vietnam are immense and we are proud to be a part of the country’s economic growth story,” said Andreas Flaig, executive vice president, Development, Asia Pacific, Carlson Rezidor Hotel Group. “This latest Radisson Blu addition will provide travelers a full range of innovative design-led products and services, delivering genuine and relevant guest experiences with Radisson Blu’s distinctive Yes I Can!SM service philosophy.”The Group continues to pursue development opportunities in leading Vietnamese destinations including Hanoi, Ho Chi Minh City and Danang, while also exploring upcoming destinations such as Dalat, Hue, Quy Nhon, Mui Ne, Sapa, and Hai Phong.Vietnam’s hospitality outlook remains buoyant with optimism as the country continues to accelerate with infrastructure projects in the country. According to the Vietnam National Administration of Tourism, the number of international visitors to Vietnam as at July 2017 was 7,243,216, representing a 28.8 percent increase over the previous year.Radisson Blu® is one of the world’s leading hotel brands, with more than 280 hotels in operation in 62 countries. Radisson Blu offers vibrant, contemporary and engaging hospitality characterized by a unique Yes I Can!SM service philosophy. Known the world over as Hotels Designed to Say YES!SMRadisson Blu hotels are first class hotels that celebrate leading-edge style and offer signature features that are empathetic to the challenges of modern travel, including a 100% Satisfaction Guarantee. Radisson Blu hotels are located in prime locations in major cities, airport gateways and leisure destinations around the world.Carlson Rezidor’s Asia Pacific portfolio has 118 hotels in operation across the region, including 51 Radisson Blu hotels. Carlson Rezidor has 76 more hotels in the pipeline for Asia Pacific. For more information and development opportunities, please visit www.carlsonrezidor.comSource = Carlson Rezidor Hotel Grouplast_img read more

Dream Cruises Celebrates Christening and Launch

first_imgDream Cruises Celebrates Christening and LaunchDream Cruises Celebrates Christening and Launch of Explorer Dream, the Newest Member of the Fleet Explorer Dream debuts in ShanghaiDream Cruises has welcomed the third member of its fleet with the christening and inaugural homeport deployment of Explorer Dream at Shanghai Wusongkou International Cruise Terminal.Honorable guests Mr Su Ping, Vice Magistrate of Shanghai Baoshan District Government and Mr Hui Lim, Deputy Chief Executive Officer and Executive Director of Genting Hong Kong were joined by management executives and over 500 guests at the ceremonial launch event. The christening ceremony featured Ms. Grace Chen, the godmother of Explorer Dream and one of the most influential fashion innovators in China. The innovative christening was activated by her magic wand of dreams and aspirations and the spirit of exploration was symbolised by a majestic unicorn that led the iconic Dream Cruises’ mermaid out of the ocean and into a new realm, where she will embark on the quest to discover new horizons across the seas. With the traditional breaking of the champagne bottle against the bow of the ship, Explorer Dream officially began her journey with Dream Cruises.After the inaugural ceremony, Grace Chen presented a spectacular fashion show at sea aboard the ship. Eighteen models showcased her Voyage collection and walked the runway on the Palace Pool Deck, where guests enjoyed a visual feast inspired by the spirit of exploration and discovery, both of which are the brand essence of Dream Cruises.Since its launch two years ago, Dream Cruises has garnered numerous accolades for its two cruise ships, Genting Dream which debuted in 2016 and World Dream in 2017, including Star Performer Top Ten Ratings in the Large Resort Category, Top 5 Cruise Lines in the Large/Medium sized cruise ship category by Conde Nast Traveler’s Gold List and more.Built with German craftsmanship, Explorer Dream measures 268 metres in length and 32 metres in width. She has a total gross tonnage of 75,338 tons, 928 cabins and lower berth capacity of 1,856 passengers. The signature, luxury “ship within a ship” enclave of Dream Cruises – The Palace, provides a next-level luxury experience for discerning travellers, boasting an industry leading staff to guest ratio, a majority of suites over 40 square metres, as well as bespoke 24-hour butler service and exclusive guest privileges.A generous variety of culinary options will also be available to cater for every taste – from inspired Asian flavours to exquisite Western delicacies. Acclaimed Australian Chef Mark Best will extend his influence on to Explorer Dream with his Seafood Grill by Mark Best serving up the ocean’s bounty in a spectacular al fresco setting. Signature Dream dining favourites will also take pride of place on the new ship including Umi Uma for Japanese delights, Silk Road for traditional Chinese fare, Blue Lagoon for Southeast Asian comfort food and Palm Court for informal refreshments and breath-taking views. For adventurous foodies, the all new Mozzarella Ristorante e Pizzeria will tantalise with a modern fusion of classic Italian dishes and pizzas with a Japanese twist.Guests of Explorer Dream can also enjoy thematic programs on their journeys at sea including “The Connoisseurs Circle” bespoke enrichment program, featuring inspirational talks and events that are especially curated for guests of The Palace, such as a fashion talk by Grace Chen, the godmother of Explorer Dream.Explorer Dream will initially homeport in Shanghai and Tianjin, where she will embark on a series of itineraries to popular destinations throughout Japan, including Kyoto, Osaka, Kobe, Nagasaki, Fukuoka and Okinawa.From October 2019, Explorer Dream will homeport in Sydney and Auckland, offering guests a variety of seven-night weekly itineraries visiting the region’s coastal highlights.Source = Dream Cruiseslast_img read more

Thailand Myanmar kick start mega joint familiarisation trip

first_imgThe Tourism Authority of Thailand (TAT) and the Ministry of Hotels and Tourism, Myanmar together with Bangkok Airways have announced the launch of the Mega Joint Familiarisation Trip between Thailand and Myanmar project with an objective of promoting tourism products and services in Thailand and Myanmar to long-haul European and U.S. travellers. This is especially being conducted as the two neighbours move towards full implementation of the ASEAN Economic Community or AEC at the end of this year.Marking the launch of the bilateral tourism cooperation is the Thailand – Myanmar mega joint familiarisation trip from 14-21 May, 2015, that brings more than 50 tour operators and media from the European countries, including the UK, Germany, Scandinavia, France, Italy, UAE, and Israel as well as the U.S. particularly from Los Angeles and New York and Canada to experience the first-hand diversity of products and services in the two ASEAN nations.H.E. Kobkarn Wattanavrangkul, Thailand’s Minister of Tourism and Sports said, “This joint FAM trip activity is one of our starting initiatives to promote the tourism growth of ASEAN. Many parts of ASEAN have never really been opened to the eyes of the world before, and by forming bilateral tourism cooperation with our ASEAN friends, we will be able to open up unseen, untapped, beautiful tourism destinations altogether. As such, international tourists who come to visit Thailand will also be able to extend their vacation to explore the charming culture and various world-renowned tourist attractions in our neighbouring countries.”The FAM trip comprised of a product briefing and welcome reception in Chiang Mai, Thailand on 14 May, followed by FAM trips to main destinations in the two countries, including Mandalay, Bagan, Nay Pyi Taw and Bangkok from 15-21 May. Chiang Mai in Northern Thailand has been chosen as the host city for this joint FAM trip due to its readiness as the best location among the AEC including the modern infrastructure, easy accessibility, variety of tourism products, and international standards of service.Bangkok Airways, the strategic partner of this Thailand – Myanmar Joint FAM Trip, currently links Chiang Mai with Yangon and Mandalay in Myanmar. Meanwhile, a number of local and international airlines are operating daily direct services between Chiang Mai and domestic and regional destinations.In addition to the joint FAM trip, the bilateral tourism cooperation between Thailand and Myanmar will also extend to the joint tourism marketing activities at the Thailand Travel Mart Plus (TTM+) 2015 in Bangkok, Thailand and the ITB 2016 in Berlin, Germany.Tanes Petsuwan, TAT’s Executive Director Europe, Africa and Middle East Region said, “With the launch of the AEC, we will see unity as well as the opening up of many opportunities among the 10-member countries in various aspects including tourism. TAT already maintains strong regional tourism cooperation with our neighbouring countries in the Greater Mekong Sub region, and is now actively promoting AEC tourism in two dimensions, which are ASEAN for ASEAN and ASEAN for all.”The Thailand – Myanmar Joint FAM Trip comes under the ‘ASEAN for all’ dimension. In the initial stage, Thailand has made a bilateral agreement with Myanmar, and is set to forming tourism cooperation with other ASEAN neighbours.Tanes said, “This bilateral tourism promotion will create a win-win situation for both countries. It will also allow us to tap the potential of the many long holiday weekends to attract short-stay but high-spending traffic from the neighbouring countries, which are all within three to four hours flying time of each other, similar to European countries.”Under the ASEAN for ASEAN and ASEAN for all, TAT has outlined some possibilities for connections, including Thailand – Myanmar (connecting to Yangon, Mandalay, Bagan and Nay Pyi Taw; Thailand – Cambodia (connecting to Angkor Wat); and Thailand – Lao PDR (connecting to Luang Prabang).last_img read more

Odisha Tourism Minister interacts with the travel trade from North India

first_imgIndian Association of Tour Operators (IATO) recently organised its interactive luncheon meeting at Eros Hotel, New Delhi. The special guest for the meeting was Ashok Chandra Panda, Minister of Tourism and Culture (IC), Government of Odisha. The 33rd Annual Convention of IATO will be held from September 7-10 at the Mayfair Hotel in Bhubaneswar in the eastern State of Odisha. The theme of the convention is ‘Indian Tourism- Time to Reinvent Ourselves’.Speaking at the interactive luncheon meeting, Panda said that the state Chief Minister, Naveen Patnaik is keen on making the 33rd Annual Convention of IATO in Bhubaneswar from September 7-10, 2017 a grand success.Over 1,200 delegates are expected to attend the three day event and many will take post-convention tours to see the attractions and facilities of the state, which has 480 kms of coastline.Present during the luncheon meeting were Pronab Sarkar, President, IATO; Rajiv Mehra, Vice President, IATO; Lally Mathews, Honorary Secretary, IATO; and Sandeep Jain, Honorary Joint Secretary, IATO among other members from the apex body.The Minister had personally come to Delhi to extend the invitation for the upcoming Convention for IATO members in Delhi. Panda asserted that the footfalls to the state will eventually increase after the Convention.last_img read more

Equity Loans to Feature on Designing Spaces

first_img in Data, Government, Origination, Secondary Market, Servicing Agents & Brokers Attorneys & Title Companies Company News Investors Lenders & Servicers Processing Service Providers 2013-03-20 Tory Barringer Equity Loans to Feature on Designing Spaces March 20, 2013 421 Views center_img “”_Designing Spaces_””:, a home improvement show airing on Lifetime Television, will feature an appearance from “”Equity Loans LLC””:[IMAGE][COLUMN_BREAK]A representative from the Atlanta-based lender will feature on the show as part of an upcoming “”Arming Yourself with Home Loan Knowledge, Tips for Successful Ownership”” segment. The representative will educate viewers on the process of buying a house, the important of staying within their budget and price range when choosing a home, and which questions to ask their loan expert when looking for a house.””We are very excited to welcome Equity Loans to our show. We’re looking forward to giving our views the tools and great information on how to navigate the home-buying process,”” said Lysa Liemer, COO and EVP of programming._Designing Spaces_ airs at 7:30 a.m. (ET) on Lifetime. Sharelast_img read more

Robert Shiller Awarded Nobel Prize in Economics

first_img in Data Agents & Brokers Attorneys & Title Companies Investors Lenders & Servicers Movers & Shakers Service Providers 2013-10-15 Tory Barringer October 15, 2013 432 Views Robert Shiller–the man who lends his name to the Case-Shiller Home Price Indices–has been awarded the 2013 “”Nobel prize””: in economics.[IMAGE][COLUMN_BREAK]Shiller, a Sterling professor of economics at “”Yale University””:, was selected for the $1.23 million prize along with Eugene Fama and Lars Peter Hansen, both at the University of Chicago.In a release, the Nobel committee cited Shiller’s work in behavioral economics, the study of human psychology and behavior as it relates to economic modeling. Besides his work in developing the Case-Shiller indices, he is perhaps most well-known in the housing world as one of the biggest players who predicted an imminent crash in the mid-2000s, just before the bubble burst.Together, the committee says the three Laureates have made major strides in determining the predictability of asset prices, benefiting both academics and market investors.””The Laureates have laid the foundation for the current understanding of asset prices. It relies in part on fluctuations in risk and risk attitudes, and in part on behavioral biases and market frictions,”” the committee said.center_img Robert Shiller Awarded Nobel Prize in Economics Sharelast_img read more

Citi Announces 113B Offer to Settle Securities Claims

first_img April 9, 2014 495 Views Citi Announces $1.13B Offer to Settle Securities Claims in Daily Dose, Headlines, News, Secondary Market Sharecenter_img Citigroup Freddie Mac Goldman Sachs RMBS 2014-04-09 Tory Barringer Citigroup announced this week it has agreed to pay approximately $1.13 billion to settle repurchase claims on residential mortgage-backed securities (RMBS).According to the bank’s announcement, Citi has agreed to make a binding offer to the trustees of 68 Citi-sponsored mortgage trusts that issued a combined $59.4 billion in RMBS from 2005–2008. The agreement, struck with 18 institutional investors representing the trusts, calls for a payment of $1.125 billion plus certain fees and expenses.The bank has taken an additional charge of approximately $100 million in the first quarter as a result.For making the payment, Citi would be released from outstanding and potential repurchase obligations on loans sold into the trusts. The agreement does not release the bank from potential investor claims related to alleged misrepresentations in loan offering documents or from any potential regulatory actions.In a statement, the bank said, “This settlement resolves a significant legacy issue from the financial crisis and we are pleased to put it behind us.”The agreement still requires approval from the Federal Housing Finance Agency and acceptance by the trustees. In a separate release, the institutional investors that are party to the agreement—including Freddie Mac, Goldman Sachs, and others—urged the trustees to take Citi’s offer.last_img read more

UWM Announces Enhancements to Broker Tools

first_imgUWM Announces Enhancements to Broker Tools Share in Headlines, News, Technology October 13, 2014 503 Views center_img In Troy, Michigan, United Wholesale Mortgage (UWM) announced the opening of its new Marketing Center, a free benefit for its partners that allows brokers and correspondents to create customized, professionally developed marketing flyers.Enhancements to the Marketing Center tool include integration with UWM’s broker portal, EASE; social media marketing; email marketing; high-resolution files; profile saves for personal branding; and more.”During a period when communication is key, UWM has created one of the most effective tools available with the UWM Marketing Center,” said Eric McKinley, president of Home Place Mortgage, a mortgage firm headquartered in Alexander City, Alabama. “It enables us to provide professional marketing material to promote the real estate agents, the products, and our loan officers. It’s a huge hit with the real estate agents.”At the same time, UWM also unveiled the latest enhancements to its broker mobile app, UMobile, which launched in February this year.As a pre-planned phase two rollout, the app has been completely reskinned, offering an enhanced graphical user interface to allow for easier navigation and a more engaging user experience.”We’re constantly innovating and striving to provide the best service, tools and programs to our brokers and correspondents to make them the most successful originators in wholesale lending,” said Justin Glass, UWM’s chief digital officer. “One of the six pillars of our corporate constitution is ‘Continuous Improvement is Essential to our Long-Term Success.’ The enhancements to our Marketing Center and UMobile demonstrates our commitment to our partners and our company tagline Lending Made Easy.” Company News United Wholesale Mortgage 2014-10-13 Tory Barringerlast_img read more

Five Star to Host Inaugural SingleFamily Rental Summit In Vegas October 1113

first_imgFive Star to Host Inaugural Single-Family Rental Summit In Vegas October 11-13 The 12th Annual Five Star Conference in Dallas last month included the inaugural Single-Family Rental Lab. Now, Five Star Institute is expanding its footprint in the burgeoning single-family rental market with its inaugural Single-Family Rental Summit October 11 to 13, 2015, in Las Vegas.The inaugural Five Star Single-Family Rental Summit, co-hosted by Investability and OwnAmerica, provides ideal educational and networking opportunities for private equity, REIT, institutional/bank, and small/mid-sized investors.”The Five Star Institute is proud to present the inaugural Five Star Single-Family Rental Summit at the Bellagio Hotel in Las Vegas,” Five Star President and CEO Ed Delgado said. “The single-family rental market is an emerging asset class with a strong outlookfor growth.  If you have interest in the single-family rental market, this summit offers invaluable insights from leading subject matter experts that you need to grow your business.”The summit will include labs covering such topics as acquisition, securities, financing, insurance and law, disposition strategies for the SFR market, and rehab. It will also feature an exhibit hall, a general assembly on property management, a dialogue on how to gain scale and the challenges it presents, and several networking events.”It’s a growing industry with billions in transactions on an annual basis.”The rental industry, particularly for single-family detached homes, has seen unprecedented growth in the last year. A recent study from the Urban Institute estimates that new renters will outpace new homeowners over the next decade and a half—and that millennials, the demographic often viewed by analysts as a potential key driver for homeownership, are expected to choose renting more often than owning during the same period.”I think when you listen to everyone else, from the Moody’s people to the property managers to acquisitions people all the way through, I think the message is that this is an industry that is here to stay,” said Tim Herriage, CEO of 2020 REI Companies. “It’s a growing industry with billions in transactions on an annual basis.”To register for the Single-Family Rental Summit, click here. Also, for more information, email or call (214) 525-6700.Editor’s note: The Five Star Institute is the parent company of DS News,, The MReport, and Share October 5, 2015 482 Views center_img in Daily Dose, Headlines, News Five Star Institute Inaugural Single-Family Rental Summit Single Family Rental Market 2015-10-05 Seth Welbornlast_img read more

The Week Ahead How Credit Score Impacts Mortgage Terms

first_img Share This week, LendingTree’s Chief Economist Tendayi Kapfidze will release analysis of lender offer data using a sampling of borrowers with a range of credit scores. LendingTree announced that the report aims to provide insight to how credit score impacts mortgage offers.According to a preview of the report, purchase APRs for conforming 30-year fixed loans offered on LendingTree’s platform were down 3 bps to 4.31 percent in October. Consumers with the highest FICO scores (760+) saw offered APRs of 4.18 percent in October, compared to APRs of 4.44 percent for consumers with scores of 680-719. The average purchase down payments for mortgages have also been rising for seven months and have reached $59,680. Refinance APRs for conforming 30-year fixed loans were up 10 bps to 4.26 percent. Finally, average monthly payments barely changed at just over $1,100 for both purchase and finance. The full LendingTree monthly report will be released during the week.Also to be released this week:Treasury Budget, Monday, 2:00 p.m. ESTNational Association of Home Builders Housing Market Index, Thursday, 10:00 a.m. ESTHousing Starts, Friday, 8:30 a.m. ESTValueInsured Fall 2017 Modern Homebuyer Survey in Daily Dose, Data, Featured, News November 12, 2017 502 Views center_img The Week Ahead: How Credit Score Impacts Mortgage Terms 2017-11-12 Staff Writerlast_img read more

Vendorly Partners with BitSight

first_img Vendorly 2019-04-04 Seth Welborn Share in News, Technology Vendorly Partners with BitSightcenter_img Vendorly, a vendor oversight platform for financial institutions, recently announced an agreement with BitSight. Vendorly is now an authorized reseller of BitSight Security Ratings.In a release, Vendorly stated that “global organizations are increasingly facing significant cyber risk management challenges. To help proactively mitigate risk, organizations need automated tools to measure and monitor the security performance of vendors.”“For many organizations, cybersecurity and threat assessments continue to be an esoteric concept,” said Jim Vaca, Senior Vice President, Vendorly. “Organizations are often not capable of keeping up with the rapidly changing threat environment, let alone understanding the actual security performance of their critical vendors. BitSight has created objective metrics and tools that help identify cyber risk in a way that is understandable for organizations.”“We are thrilled to work alongside Vendorly to help financial institutions address critical cyber risk challenges,” said Matt Cherian, Vice President of Strategic Partnerships, BitSight. “With companies increasingly outsourcing key business functions, managing vendor risk is critical to protecting a company’s most important assets. BitSight delivers the data and analytics necessary to make informed decisions.” April 4, 2019 488 Views last_img read more