Swiss Airline is currently taking steps to address the evolving needs of the market. The airline industry is on the verge of transformation. With the emergence of new technologies such as artificial intelligence, demographic shifts, and increasing demand for new flight experiences, the industry requires a rethink and reassessment of its business practices. As part of the Lufthansa Group, Swiss Airline is planning a fundamental overhaul of its fleet, both by adding new aircraft and by offering new experiences to its existing services. The main focus of Swiss Airline's new product offering is a completely redesigned cabin for its long-haul aircraft fleet. Currently, Swiss Airline operates flights to over 100 destinations worldwide. The airline transported over 19 million passengers in 2019.
Create: Feb 28, 2024 Edit: Feb 28, 2024 International NewsIn 2024, the Etihad Airways group aims for sustainable and long-term growth, seeking to expand its operations.The company plans to achieve a shift of 30 million passengers per year by increasing the number of destinations served and flights to key international markets.Development plans include expanding the fleet size, investing in new technologies, and enhancing customer services.Additionally, Etihad aims to utilize fuel-efficient aircraft, invest in sustainable fuels, and reduce greenhouse gas emissions.
Create: Feb 28, 2024 Edit: Feb 28, 2024 International NewsEnto Capital, an investment firm managed by the Dubai Financial Services Authority and with a track record of managing $4.6 billion in assets, has reached an agreement with Al Amal Investment Company to lead the development and management of Ritz-Carlton hotels and resorts in Morocco. The total value of the project is estimated to be over $220 million and includes the construction of a Ritz-Carlton hotel with 200 rooms and 100 luxury residences in Morocco.This project will contribute to the growth of Morocco's tourism industry and is expected to attract annually 100,000 tourists.
Create: Feb 23, 2024 Edit: Feb 23, 2024 International NewsEgypt's Minister of Tourism and Antiquities announced a record-breaking influx of 14.9 million tourists to the country in 2023, marking a new milestone in Egypt's tourism history.In the final quarter of 2023 alone, 3.6 million tourists visited Egypt, surpassing the previous record set in 2010. The Minister of Tourism also highlighted a 9% increase in tourist arrivals during the first 19 days of 2024 compared to the same period last year.
Create: Feb 23, 2024 Edit: Feb 23, 2024 International NewsThe Most Luxurious Hotel in Zurich Opens: Mandarin Oriental, ZurichThe Mandarin Oriental, Zurich, heralded as the city's most luxurious hotel, has officially opened its doors. This hotel is a remarkable transformation of the 185-year-old Baur au Ville, the city's inaugural luxury hotel, with a meticulous $93 million renovation. With 80 opulent guest rooms starting at 800 Swiss francs per night, the Mandarin Oriental, Zurich stands as both the oldest and newest five-star haven in the city.
Create: Feb 23, 2024 Edit: Feb 23, 2024 International NewsExciting news from Saudi Arabia's Tourism Minister, Ahmed Al-Khatib, who revealed the country welcomed over 100 million visitors last year, achieving Vision 2030 goals.Discussions abound on the strategies behind this milestone, with experts pointing to new laws, regulations, and marketing efforts. Al-Khatib aims even higher, setting a target of 150 million visitors. Vision 2030's Quality of Life initiative and streamlined visa procedures are credited for driving tourism growth. Saudi Arabia's remarkable transformation in tourism since Vision 2030's launch positions it as a leading global destination.
Create: Feb 23, 2024 Edit: Feb 23, 2024 International NewsToday announced that it has completed an initial closing of the previously announced portfolio acquisition through its existing joint venture with GIC from affiliates of NewcrestImage. The initial closing included 26 of the 27 hotels totaling 3,533 guestrooms, two parking structures, and various financial incentives. The remaining hotel to be acquired is the currently under construction 176-guestroom Canopy by Hilton New Orleans which is nearing completion, and the joint venture expects to close on the acquisition of the hotel during the first quarter 2022 (collectively with the initial closing referred to as the “Transaction”). The total consideration for the Transaction is comprised of $776.5 million, or $209,000 per key, for the 27-hotel portfolio, $24.8 million for the two parking structures, and $20.7 million for the various financial incentives. The Transaction is expected to be immediately accretive to adjusted FFO per share, generate a stabilized net operating income yield of 8.0% to 8.5% including future capital investment and excluding any ancillary joint venture fees earned by Summit, and be leverage neutral to the Company’s balance sheet while preserving existing liquidity of nearly $450 million.
Create: Jan 15, 2022 Edit: Jan 15, 2022 International NewsOver 94,000 domestic tourists have stayed in the province during the mentioned time, Jalil Jabari said on Thursday. In nine months, over 16,000 foreign travelers stayed in the province’s accommodation centers and it is estimated that 5,500 foreign tourists will stay in these units in the fourth quarter of the year, the official added. The accommodation centers have generated over 40 job opportunities during the mentioned time as well, he noted. Back in December, Jamshid Hamzehzadeh the head of the Iranian Hoteliers Association announced that following the planned measures, the occupancy rate of the country’s hotels, which had fallen below five percent because of the outbreak of the coronavirus, has reached 45 percent over the past three months. Multiple problems, notably the pandemic, caused a severe impact on the tourism industry, the official explained. Even before the coronavirus outbreak and in 2019, travel was reduced due to heavy rains and flooding across the country, and the hotel industry had to recoup nearly 100 percent of the costs paid for canceled hotel reservations, he added. The Iranian hoteliers have lost 220 trillion rials (about $740 million) over the past two years, he noted. However, some problems have been resolved and the hotels’ condition has improved, he mentioned. Back in October, the official announced that Iranian hotels are ready to receive foreign tourists as the issuance of tourist visas and the flow of foreign tourists from land and air borders would be resumed. Ninety percent of the hotel staff have been vaccinated against the coronavirus, so the hotels are ready to welcome foreign tourists, observing strict health protocols, he said. The main destinations of foreign tourists in Iran are specifically cities such as Mashhad, Qom, Tabriz, Shiraz, Yazd, and Isfahan, and to return to the figure of over eight million incoming tourists before the outbreak of the coronavirus, serious planning is required, the official added. Iraqi tourists will flood the country once the borders open, but attracting tourists from Europe will require some time, he noted. However, he noted that two-thirds of the hotel staff have lost their jobs, he added. Back in September, Hamzehzadeh announced that all employees of accommodation centers across Iran are scheduled to be vaccinated against the coronavirus. “To vaccinate staffs of all accommodation centers, including eco-lodges, apartment hotels, and guest houses, as well as hotels, more coordination with the Ministry of Health is needed,” he added.
Create: Jan 15, 2022 Edit: Jan 15, 2022 Regional NewsThe Iranian tourism industry has suffered $233m losses due to COVID restrictions over the past two years. “Iranian tourism facilities have incurred a loss of 69 trillion rials ($233 million) due to the outbreak of the coronavirus over the past two years,” an official with the tourism ministry has said. It has been a major shock to the tourism industry when the coronavirus emerged in 2019, Rokna quoted Mohammad-Kazem Kholdi-Nasab as saying on Monday. Citing an example, the official said, nearly all pre-scheduled trips were canceled during the new Iranian year holidays in March 2020 except for those that were necessary. “Travel is not believed to be the cause of the outbreak, rather it is a lack of adherence to health protocols that have caused the outbreak, but people canceled their trips anyway, causing major damage to the tourist facilities across the country,” he explained. With only two months until the upcoming new Iranian year holidays, the tourism ministry is preparing safe and smart travel packages for Iranian holidaymakers and travelers, he noted. Nearly 70 percent of the population has been vaccinated, so these trips may be able to partially compensate for the damage done to tourism facilities over the past two years, he mentioned. Last year the tourism ministry announced that the tourism of the country was growing before the corona outbreak, its revenues reached $11.7 billion in 2019, which accounted for 2.8% of GDP, nearing the average share of tourism in the world GDP, which was 3.2 percent. Iran was ranked as the second fastest-growing country in tourism based on data compiled by the World Tourism Organization. Experts expect Iran to achieve a tourism boom after coronavirus contained, believing its impact would be temporary and short-lived for a country that ranked the third fastest-growing tourism destination in 2019. The Islamic Republic expects to reap a bonanza from its numerous tourist spots such as bazaars, museums, mosques, bridges, bathhouses, madrasas, mausoleums, churches, towers, and mansions, of which 26 are inscribed on the UNESCO World Heritage list. Under the 2025 Tourism Vision Plan, Iran aims to increase the number of tourist arrivals from 4.8 million in 2014 to 20 million in 2025.
Create: Jan 8, 2022 Edit: Jan 8, 2022 Regional NewsIran's Ministry of Cooperatives, Labour, and Social Welfare has declared Tehran's readiness to dispatch Iranian skilled workforce to Serbia. Director General of the Ministry of Welfare and Social Security for international affairs Hamed Forouzan made the remark in a meeting with Serbian Ambassador to Tehran Dragan Todorović on Wednesday. Referring to long-term political and international relations between Serbia and Iran, Forouzan noted that a draft memorandum of understanding on job creation and vocational cooperation is being finalized and that another MoU on social security is being prepared, which would be inked hopefully concurrent with a visit by Serbian President Aleksandar Vučić to Iran. The Iranian official also invited the Serbian ambassador to pay a visit to the Social Security Investment Company of Iran (SHASTA), adding that the meeting with the ambassador can help facilitate cooperation between Serbian and Iranian economic and trade groups. Forouzan underlined that the Islamic Republic of Iran expects Serbia to support Tehran in international organizations. Todorović, for his part, said that the joint meeting has been held to evaluate the current situation in order to pave the way for expansion of trade ties in different fields such as agriculture and tourism. Emphasizing on the need for facilitating issuance of visa for businessmen of both countries, the ambassador said that the main obstacle in the way of expansion of trade relationship is problems concerning banking transactions. He expressed hope that resolving political issues would pave the way for feasible trade and banking cooperation. Statistics indicate that trade ties between Serbia and Iran boosted in recent years, for instance the economic exchanges stood at 52.3 million dollars in 2018. Iran exported goods worth 42.4 million dollars to Serbia in that year and imported 9.8 million dollars from the European country in the same period.
Create: Jan 2, 2022 Edit: Jan 2, 2022 International NewsThe occupancy rate of hotels in Iran has reached 45 percent, the head of the Iranian Hoteliers Association has announced. Following the planned measures, the occupancy rate of the country's hotels, which had fallen below five percent because of the outbreak of the coronavirus, has reached 45 percent over the past three months, IRNA quoted Jamshid Hamzehzadeh as saying on Sunday. Multiple problems, notably the pandemic, caused a severe impact on the tourism industry, the official explained. Even before the coronavirus outbreak and in 2019, travel was reduced due to heavy rains and flooding across the country, and the hotel industry had to recoup nearly 100 percent of the costs paid for canceled hotel reservations, he added. The Iranian hoteliers have lost 220 trillion rials (about $740 million) over the past two years, he noted. However, some problems have been resolved and the hotels’ condition has improved, he mentioned. Back in October, the official announced that Iranian hotels are ready to receive foreign tourists as the issuance of tourist visas and the flow of foreign tourists from land and air borders would be resumed. Ninety percent of the hotel staff have been vaccinated against the coronavirus, so the hotels are ready to welcome foreign tourists, observing strict health protocols, he said. The main destinations of foreign tourists in Iran are specifically cities such as Mashhad, Qom, Tabriz, Shiraz, Yazd, and Isfahan, and to return to the figure of over eight million incoming tourists before the outbreak of the coronavirus, serious planning is required, the official added. Iraqi tourists will flood the country once the borders open, but attracting tourists from Europe will require some time, he noted. However, he noted that two-thirds of the hotel staff have lost their jobs, he added. Back in September, Hamzehzadeh announced that all employees of accommodation centers across Iran are scheduled to be vaccinated against the coronavirus. “To vaccinate staffs of all accommodation centers, including eco-lodges, apartment hotels, and guest houses, as well as hotels, more coordination with the Ministry of Health is needed,” he added. Back in July, ISNA reported that the tourism industry of the country has suffered a loss of some 320 trillion rials ($1.1 billion) since the outbreak of the coronavirus pandemic. The pandemic has also ruined more than 44,000 jobs in a once budding travel sector of the country, the report added. Experts believe accommodation centers suffered the most as a result of the outbreak of the coronavirus in Iran and its subsequent unemployment and financial losses. Months of steep recession has taken its toll. Many travel insiders, hoteliers, and tour operators have faced big dilemmas such as bankruptcy, unemployment, debts, and the prospects of not being competitive on the international level. Panels of travel experts have mapped out new marketing strategies hoping Iran’s tourism would get back on its feet once again. For instance, the Head of the Iranian Tour Operators Association has said the international tourist flow to Iran will return to normal until 2022. Iran is potentially a booming destination for travelers seeking cultural attractions, breathtaking sceneries, and numerous UNESCO-registered sites. Under the 2025 Tourism Vision Plan, Iran aims to increase the number of tourist arrivals from 4.8 million in 2014 to 20 million in 2025.
Create: Dec 28, 2021 Edit: Dec 28, 2021 Regional NewsAC Hotel St. Louis Central West End (215 York Ave, St. Louis, MO 63108), a seven-story 192-room hotel, is now open after a multi-million dollar, ground-up build by St. Louis’ Koplar Properties in partnership with Homebase Partners and Concord Hospitality Enterprises. Located in the Central West End neighborhood of St. Louis, Missouri, the hotel sits in the heart of the city’s upscale retail district and at the eastern edge of Forest Park. The 94,300 square-foot hotel features a state-of-the-art fitness center, small meeting and event space, and curated food and beverage program with inspiration from the hotel’s Spanish and European roots at the AC Kitchen and AC Lounge. The hotel is a new modern and sophisticated destination for culturally-minded travelers and locals alike. This is the first AC Hotel to enter the St. Louis market. Located in the upscale Central West End neighborhood, the hotel is surrounded by sidewalk cafes, smart Italian and Asian fusion restaurants, local coffee shops, chic boutiques and more. Directly across the street sits St. Louis’ award-winning Forest Park with expansive lakes, woods, a golf course and free museums and attractions including the St. Louis Zoo and Saint Louis Art Museum. Steps away are Barnes Jewish Medical Center, Shriners Hospital for Children, Washington University in St. Louis campus and St. Louis Children’s Hospital. AC Hotel St. Louis plans to immerse itself in St. Louis’ local culture, specifically in the arts, attractions and cuisine. HomeBase Partners’ Founder and Owner Andy Holloran said “Together with the Koplar family and Concord Hospitality, HomeBase Partners is excited to bring the AC St. Louis hotel to market in the heart of the vibrant Central West End. Within walking distance to so many restaurants, bars, coffee shops, Forest Park and the incredible medical campus anchored by Barnes Jewish, Children’s and Washington University, the AC Hotel is a much needed and welcome addition!” AC Hotel St. Louis Central West End blends St. Louis’ urban landscape with minimalist, sophisticated design, and features artwork from a local and nationally renowned artist. St. Louis born artist John O’ Hara was commissioned for a signature piece featured in the AC Kitchen and dining area of the hotel. O’Hara is a self-taught artist known for his abstract decorative art. His work is included in public and private collections around the world, including famed designer Michael Kors’ showrooms in Milan, Paris, London and New York. AC Hotel St. Louis Central West End seamlessly fits into the modern and upscale surroundings of the neighborhood, among its world-class art galleries, eye-catching public artwork and stunning turn-of-the-century homes. The sleek design creates a perfectly precise retreat for guests – both inside and out. On the exterior, a natural facade stands out with contemporary wood accents, ivy walls and greenery. Renowned design firm DLR Group worked on the hotel’s interior design, which hosts a blend of European-inspired motif and comfort, with modern decor, touches of natural wood and clean marble throughout the property. Upon entering the lobby, check-in-desks are flanked with a striking leather mosaic in sleek blacks, deep grey and metallic colors. The lobby also includes a welcoming communal space with a massive double-sided fireplace built into a floor-to-ceiling marble wall, which serves as a living room and informal business hub for guests to gather. The space is filled with modern furnishings and artwork, approaching every space with optimal comfort and utility which is intentionally designed to maximize space and minimize clutter. “The hotel design is purposeful, simplistic, and elegant while staying true to our unique aesthetic,” says General Manager Candice Woodring. “We’ve tailored our experiences for business travelers, leisure enthusiasts and locals to all find something at our property. Whether it’s a chic guest room after a long flight or Spanish tapas, signature cocktails and local craft beer with friends, we’ve got something for everyone – business or pleasure.” Furnished with 192 guestrooms, including 114 King sized beds, the design is classic modernism with clean lines, sharp angles, pops of marble and effortless European sophistication. Thoughtful design elements help guests unwind, including plush bedding, a spacious workspace, open closet concepts intuitively designed to create ease of access and visibility, as well as Korres bath amenities made with natural ingredients. Each guest room features precisely placed outlets for ultimate ease of access, a personal in-room coffee maker, temperature-controlled smart refrigerator and a safe. Rooms also feature the latest technologies including 55-inch smart televisions with app streaming and free high speed internet access throughout the property. In addition to in-room amenities, each guest floor features a state-of-the-art sustainability-focused hydration station equipped with glass carafes and purified water. Additional amenities include a state-of-the-art fitness center with Peloton, cardio equipment, free weights, and the AC Store, curated with locally-sourced snacks, sweets, beverages and other local products. Self-parking is available in the Argyle garage located directly across the street from the hotel. From breakfast in the AC Kitchen to cocktails and tapas in the AC Lounge, guests will enjoy flavors that are perfectly curated, poured and plated. The hotel’s European sensibility touches every aspect of the guest experience, including on-site dining. Breakfast at the AC Kitchen features gourmet selections such as fresh baked Delifrance buttered croissants, as well as Berkel sliced La Quercia prosciutto. The AC kitchen will also offer a full menu for guest’s and locals to enjoy with items such as Breakfast Cazuela, and Nutella & Orange Belgium Waffles. The AC Lounge provides guests with a warm and inviting atmosphere to enjoy a drink and a bite to eat with an ambient double-sided fireplace, ample cocktail and lounge seating and modern minimalist design. A harmonious gathering place with a touch of influence from its Spanish roots, the AC Lounge features curated European-inspired small plates after 5 p.m. as well as local libations and signature cocktails like its namesake AC-GT (a custom gin and tonic), served in a scientifically engineered cocktail glass with etchings that discreetly guide the perfect ratio of ingredients. AC Hotel St. Louis Central West End will also serve as an excellent destination for business meetings and social events. The hotel has flexible space to accommodate small business meetings, social functions, rehearsal dinners and celebrations. A dedicated conference room looks out to the bustling neighborhood and is equipped with complimentary high speed internet, 137” drop screen and projector, as well as a separate pre-function space. The hotel can provide a distinct area for private meetings and networking events. The property has also partnered with neighboring restaurant, Edera Italian Eatery, to host larger events with chef-curated menus from Edera’s Executive Chef, Andrew Simon.
Create: Dec 22, 2021 Edit: Dec 22, 2021 International News