4th Years Anniversary Of Hotel News Group

Summit Hotel Properties Completes Acquisition of NewcrestImage Portfolio

Today 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.

Hotel occupancy rate in West Azarbaijan up 41%

Over 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.

Iran tourism loses $233m due to COVID restrictions

The 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.

Waymo plans fleet of self-driving, all-electric robotaxis with Chinese automaker Geely

Alphabet’s self-driving car company Waymo is partnering with Chinese automaker Geely to create a fleet of all-electric, self-driving robotaxis. The cars will be designed in Sweden (where Geely owns Swedish carmaker Volvo) and will be adapted from Geely’s all-electric five-door Zeekr. Waymo will then outfit the cars with the hardware and software necessary for autonomous driving. Waymo said in a blog post that it plans to deploy the vehicles in the US as part of its existing fleet of self-driving robotaxis some time “in the years to come.” Concept images of finished vehicle shared by Waymo show a car that is designed specifically for autonomous ride-hailing trips. It has a flat floor, low step-in height, and B-pillarless design for easy entry and exit, as well as sliding doors, reclining seats, and plenty of headroom. Waymo says future models will have an interior without steering wheel or pedals — just a screen (presumably to let riders check on the progress of their journey). These are just concept images, though, and might not necessarily reflect the finished vehicles Geely and Waymo will eventually put on the roads. It’s notable that Waymo’s concepts make the car look much more like a minivan, while Geely’s Zeekr 001 has a design that’s more like a cross between a station wagon, a shooting brake, and an SUV. News of the deal between Geely and Waymo is another demonstration of just how busy the auto world is with partnerships and collaborations as self-driving and electric tech shakes up old incumbents. Waymo has partnered with Stellantis and Jaguar Land Rover to deploy and develop its autonomous capabilities, while Geely plans to take Volvo public as an all-electric company, after doing the same with its new Polestar brand.

Iran ready to dispatch skilled labor to Serbia

 Iran'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.

The Case Against QR Menus

Menus are an important aspect of the overall presentation of a hotel restaurant. Indeed, a whole book on proper menu design could be written, with inventory arrangements, fonts, graphics, spacing, types of paper, menu backings and all other stylistic concerns outlined as contributing factors for a guest’s overall appreciation of the dining outlet. The pandemic has thrown a wrench in this marketing and sentiment-boosting tool as many customers now expect menus to be accessible on their phones via a QR code. The benefit for the restaurant is certainly there in the form of saving on printing costs, but it’s nonetheless a tradeoff. The concern that we have over the proliferation of QR menus is that they don’t build guest satisfaction as much as their physical antecedents, and this reduced sentiment can halo back onto room revenues in a negative way. Here’s why: paper is palpable. You feel the slight roughness of a thick paper stock, subtly smell the ink, are delighted by the way the room’s lighting creates soft shadows on the page and are soothed by (what we ideally hope that you would use for your establishment) the touch of the leather menu backing on the palm of your hand. Viewing a menu on your phone gives you none of that. Yes, you get graphics, color and the ability to keep the webpage updated in real-time as inventory changes, but everything beyond the straight visuals are lost in the endless scroll of a two-dimensional screen. And building on this notion of scrolling, one critical difference is that a physical menu presents all items together for readers to consider, whereas a responsive webpage (over simply displaying a PDF version of the menu) will usually configure all items into a single column so as to keep everything legible and to avoid lots of pinching. This second drawback is one of perception, where a narrowly focused column on one’s phone can increase the observed length of the menu, resulting in patrons ‘dropping off’ before perusing the entirety of it. We see a similar trend in website readership where it falls precipitously after around the first quarter of an article or page. In sum, on digital-first menus, you have to put your most expensive items (or highest margin) items at the top or they will likely be missed. At this point, with the end of the pandemic still very much a question mark, optionality and fitting your theme is what works best. Paper menus should be readily presented at high-end restaurants so that the theme is congruent and customer satisfaction isn’t deteriorated, while at more casual settings a QR code access may be just fine. While there are both paper and labor costs associated with QR menus, you must still consider the above downsides.

Top 7 Drink Trends in 2022

After years marred by a global public health crisis, many of us are lapping up in-person social gatherings with friends, family and colleagues. Morning catch-ups over coffee, afterwork happy hour at the favorite waterhole or weekend drinks in town had mostly been replaced with coffees-to-go, virtual apéros, or alfresco drinking in winter like in summer. Consumers have become today their own baristas and bartenders, imbibing alone at home or at a distance outside. So how, and with what, will we quench our thirst? Here is EHL’s selection of the top drink trends in 2022. In this pandemic-era, there is no doubt that the megatrends for the new year will center around healthier and ‘cleaner’, more sustainable, premium and socially responsible products in line with the mantras – good for me, good for the planet – and quality over quantity. With movements like mindful drinking and “sober curious” gaining popularity, research indicates that alcohol consumption has declined with younger generations drinking less as they show greater interest in holistic wellness and health. And the beverage industry has been paying attention to these shifts in concern, consciousness and habits. Functional and healthy beverages are on the rise, and no and low alcohol ready-to-drink offerings from North America to Europe and Asia-Pacific have boomed as they prove to be both a more convenient and ‘safer’ option in a world still plagued by COVID-19 measures and barrier gestures. But globally, we’re seeing an array of interesting new product developments, packaging innovations and surprising mergers and acquisitions with the lines between the health movement, the low- and no- alcoholic category and the wider drinks industry becoming increasingly blurred. Beyond these general tendencies, we take a look at six particular drink trends for the year ahead. 1. CBD-infused relaxation drinks For those of us who frequent trendy bars, a controversial yet very 2022 new trend has found its way onto cocktail menus in only the most avant-garde of venues. 2. The bubble tea craze goes global Despite being invented in the 1980s, bubble tea is set to see its popularity soar to new heights. From the US to Germany, China to Brazil, the bubble tea industry is going global with its market expected to grow by almost $2 billion to reach $4.3 billion by 2027. The refreshing Taiwanese tea-based drink with its tapioca or fruit jelly ‘bubbles’ is appealing to health-conscious individuals enjoying the healthier variants low in sugar, with organic soya milk, green tea or fruity mixes as well as a younger generation seduced by its 200 or so different flavor combinations and even more customizable options making for a truly unique, tasty and fun drink. 3. Fermented drinks as a health-booster Increased awareness on the importance of fueling our body with quality and nutritious food and drink is driving a rapid growth in fermented beverages, occupying a significant portion within the functional and healthy drinks category. It’s estimated that probiotic beverages are expected to achieve over $77 billion in sales by 2025, almost double the revenue generated worldwide in 2018. While kombucha has been topping the leader board for some years, it’s now got some serious competition. Water kefir, with its more diverse probiotic strains shown to help boost the immune system and aid digestion, is gaining momentum and creeping into the mainstream. As is the fermented Mexican soda Tepache – another healthy, flavorsome, sustainable alternative to kombucha. While not new in itself, it has promising prospects in this ‘health-conscious’ era, but hey, it’s just a gut feeling! 4. Wines and champagnes with star power Celebrity beverage endorsements are nothing new. Think George Clooney and Nespresso, Jennifer Aniston and Smart Water, or countless sporting stars endorsing energy drinks. But expect to see more and more vineyards and champagne houses partnering with big names to capitalize on their glamorous images and extend their respective brand portfolios. After John Legend, Kylie Minogue or Brad Pitt, Cameron Diaz is the latest celebrity to venture into the wine business with her “clean” wines. The range comprises of an organic and vegan French rosé and Spanish white with no added sugar, with Diaz tapping into both the wellness trend and that of the growing ‘thirst’ for ‘pink’ wine. Such partnerships are also strategic in helping introduce wines and champagnes to new consumers, in particular millennial drinkers drawn to celebrity and wellness lifestyles, and who aren’t impartial to the Instagrammable aesthetic of a fizzy or rose-tinted drink. 5. Boxed wine as a sustainable (and sanitary) choice Did you know that during the COVID-19 pandemic, bag-in-a-box wine was the supermarket alcoholic “go-to” beverage? The draw? Beyond the product within the bag, boxed wine is easier to store, it better preserves open wine, and is proving a more hygienic and sustainable option, in particular for restaurants. With each three-liter box generating about half the carbon dioxide emissions to that of a glass bottle, boxed wine is also cheaper to transport, stock and more environmentally-friendly. Something that even the more premium wine houses can’t ignore. While wine connoisseurs may jump to the conclusion that boxed wine equates to poor quality, industry experts are suggesting that that’s changing, and fast, as sales are forecast to continue surging around the world in 2022. 6. Canned cocktails with premium products While some may have enjoyed following online mixology tutorials to create their own home-made cocktails, many long for the days when original creations were served ready-made for immediate consumption. Well, spirit brands and hotel chains like the Marriott have wasted no time to offer the perfect solution and create a variety of delicious, bartender-quality, ready-to-drink cocktails in cans. Tipped to be the hottest trend in the alcoholic beverage space in 2021, the development of prepared cocktails-to-go has, according to Nielsen Premium Panel data, accelerated 171% in 2020, and shows no signs of slowing down in 2022. With high-quality ingredients, authentic flavors, options between low-calorie, sugar and alcohol or premium spirits, and convenient and sanitary packaging – grab-and-go cocktails are here to stay. 7. Spiked sodas and alcohol-free beers and spirits With interest in low and no alcohol by volume (ABV) drinks skyrocketing over the last few years, more and more people are looking for a middle ground between tee-total and drinker, between functional and indulgent, between high-quality and convenience. Consequently, low and non-alcoholic beverages are flooding the market and is the space to watch. From non-alcoholic beers and premium mocktails by spirit brands to the boom of hard seltzers now spilling over into hard coffees and kombucha – consumers are going to be spoilt for choice. Whether it’s wanting something with less sugar and alcohol, with premium products, looking for a slight ‘kick’ in traditional non-alcoholic beverages or an alternative to beer, this growing category ensures there’s something for every taste bud and type of drinker. Drink trends 2022: a toast to good health As we look to turn our backs on 2021, and raise our glasses to a new year, the question still lingers as to whether the drinking habits developed in a COVID-era will prevail in a post-pandemic world. While there is still so much uncertainty, what is clear is that the increasing consumer interest in health, wellness and mindfulness is shaping the beverage industry as a whole as it seeks to quench this thirst for holistic balance. For being able to choose alcohol-free beverages without having to sacrifice flavors, fizz or authenticity. For indulging in a drink without having to abstain completely. For a return to more simplicity with natural and ‘clean’ products. For drinking less in quantity but better in quality.

Pakistan resumes flights to Mashhad after five-year hiatus

Pakistan International Airlines (PIA) has resumed direct flights to Iran’s Mashhad, after a five-year gap to develop people-to-people contacts, local media reported on Thursday. The development took place following the serious efforts of the Iranian Embassy in Islamabad to facilitate air travel between the two neighboring countries and to boost the tourism industry. Earlier this month, Chief Executive of PIA Air Marshal Arshad Malik during a meeting with Ambassador of Iran to Pakistan Mohammad Ali Hosseini had announced that the PIA is going to start direct flights from Lahore to Mashhad, Asian News International reported. Ambassador Hosseini in a tweet had also revealed that Iran and Pakistan had agreed on increasing efforts to promote air cooperation between Iran and Pakistan. In this regard, PIA is going to begin direct flights from Karachi to Mashhad on Jan 1, 2022. Iran Air operates one weekly flight from Tehran to Karachi and vice versa, and there are reports that Mahan Iran Airlines will resume flights from Tehran and Mashhad to Lahore. Mashhad is Iran’s holiest and second-largest city. Its raison d’être is the striking shrine complex of the eighth Shia Imam (AS) that is encircled by dozens of five-star hotels and many other accommodation centers.

Happy New Year 2022

UNESCO-designated Persepolis launches UAV documentation

 Authorities of Persepolis have launched an unmanned aerial vehicle (UAV) documentation project to help study and analyze the neighboring lands and properties, which encircle the UNESCO World Heritage site in southern Iran. “A documentation project has been commenced on the closest boundaries of Persepolis to gather needed information to monitor possible changes and interventions in this area,” said Hamid Fadaei, the director of the World Heritage site. The first purpose of this documentary is to prepare a cadastral map of agricultural lands in the first-grade boundaries of Persepolis, and the second purpose is to record the current status of historical monuments, including historical sites and hills that are dotted in that area, Fadaei explained. “In that regard, we operate close-range photogrammetry and UAV in the documentation of architecture monuments…..And the project is expected to become to an end by the yearend (March 20, 2022),” the official noted. Persepolis, also known as Takht-e Jamshid, whose magnificent ruins rest at the foot of Kuh-e Rahmat (Mountain of Mercy) is situated 60 kilometers northeast of the city of Shiraz in Fars province. It was the seat of the government of the Achaemenid Empire, though it was designed primarily to be a showplace and spectacular center for the receptions and festivals of the kings and their empire. Persepolis ranks among the archaeological sites which have no equivalent, considering its unique architecture, urban planning, construction technology, and art. This 13-ha ensemble of majestic approaches, monumental stairways, throne rooms (Apadana), reception rooms, and dependencies is classified among the world’s greatest archaeological sites. The city’s immense terrace was begun about 518 BC by Darius the Great, the Achaemenid Empire’s king. On this terrace, successive kings erected a series of architecturally stunning palatial buildings, among them the massive Apadana palace and the Throne Hall (“Hundred-Column Hall”). According to Britannica, the stone was cut with the utmost precision into blocks of great size, which were laid without mortar; many of them are still in place. Especially striking are the huge columns, 13 of which still stand in the audience hall of Darius I (the Great; reigned 522–486 BC), known as the Apadana, the name given to a similar hall built by Darius at Susa. There are two more columns still standing in the entrance hall of the Gate of Xerxes, and a third has been assembled there from its broken pieces. Narratives say that Persepolis was burnt by Alexander the Great in 330 BC apparently as revenge to the Persians because it seems the Persian King Xerxes had burnt the Greek City of Athens around 150 years earlier.

Yazd historical properties re-define legal boundaries

New legal boundaries have been defined for five historical properties, which are scattered across Yazd province. The Ministry of Cultural Heritage, Tourism, and Handicrafts has announced the exact legal boundaries of the properties in separate letters to the governor-general of the central province, IRIB reported on Tuesday. In addition to protecting historical sites, the demarcation projects are aimed to prevent further destruction and damage. Esfahanian Garden House, Eqbal Factory, Vazir Castle, Ezzatabad Castle, and Ezzatabad Kushk (small garden pavilion) are those demarcated recently. In July 2017, the historical structure of the city of Yazd was named a UNESCO World Heritage. Wedged between the northern Dasht-e Kavir and the southern Dasht-e Lut on a flat plain, the oasis city enjoys a very harmonious public-religious architecture that dates from different eras. Yazd is usually referred to as a delightful place to stay, or a “don't miss” destination by almost all of its visitors. The city is full of mudbrick houses that are equipped with innovative badgirs (wind catchers), atmospheric alleyways, and many Islamic and Iranian monuments that shape its eye-catching city landscape. It is a living testimony to the intelligent use of limited available resources in the desert for survival. Water is brought to the city by the qanat system. Each district of the city is built on a qanat and has a communal center. The use of earth in buildings includes walls and roofs by the construction of vaults and domes. Houses are built with courtyards below ground level, serving underground areas. Wind-catchers, courtyards, and thick earthen walls create a pleasant microclimate. Partially covered alleyways together with streets, public squares and courtyards contribute to a pleasant urban quality. The city escaped the modernization trends that destroyed many traditional earthen cities.