New suite ship for Avalon Waterways

first_imgSource = e-Travel Blackboard: W.X Avalon Waterways is introducing a brand new purpose-built ship into its European river cruise fleet, the Avalon Panorama, set to enter service in May next year aimed at targeting the Australian market.Built with the needs of the Australian market in mind, the ship features two decks of all-suite rooms which offer more than 18m² of space as well as panoramic floor-to-ceiling and wall-to-wall windows.In addition to the 64 suites, there will also be 17 Staterooms which will features 28m² of space.“We’ve got nine ships in 2011 because we’re handing two back,” says Stewart Williams, Avalon Waterways Managing Director. “Because we want to have the most up-to-date product in the European river cruising market.”“The Avalon Panorama breaks new ground for cruising and is designed in response to direct Australian passenger feedback.”Other than the space available on the ship, largely achieved by not putting in balconies, there are also other little flourishes catering for the Australian market like cappuccino machines on the deck at the back, inclusive champagne with breakfast, beer options with dinner, and larger bathrooms.“We find that space is a priority for Australian travellers,” adds Mr Williams.  “Our research shows that balconies aren’t as important on river cruising because you simply don’t have the time… unlike ocean cruising.”When it comes into the fleet, the new Panorama will become the most expensive endeavour in the Avalon Waterways fleet.  With many elements personally signed off by the Australian team.When it comes into the fleet in 2011, Avalon Waterways will retire the Avalon Artistry and the Avalon Tapestry.While tailored for the Australian market, the cruises aren’t restricted to only the Australasian market, but a large chunk of inventory will be earmarked for the region.  Sales for the Panorama open today.The Panorama will be featured on Magnificent Europe and Christmas itineraries.last_img read more

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Qantas cuts capacity jobs

first_imgIn response to the cost of jet fuel price and recent disasters, Qantas has released plans to reduce its domestic and international capacity and axe management positions. The airline said it will cut its domestic capacity growth in the second half of this year from 14 percent to eight percent while international capacity will see a drop from ten percent to seven percent. Four weekly return Jetstar flights between Australia and Japan will be suspended from 1 April to the end of August, a Qantas service between Perth and Narita will be axed from 8 May and the airline will also replace the Boeing 747 used on the Qantas Sydney to Narita to an A330. The carrier will also cut its three daily Jetstar flights to Christchurch and another one between Melbourne and Christchurch from April. “We need to act decisively to respond to rising fuel costs and natural disasters,  just like we did during the Global Financial Crisis, to ensure the ongoing sustainability of our business,” Qantas Group chief executive Alan Joyce said. In regards to job loss, the carrier has reviewed its manpower costs and will reduce management positions as well as annual and long service leave balances. “We want to limit redundancies wherever possible and will be using a range of initiatives to manage the reduction in capacity including annual and long service leave,” Mr Joyce added. “At this stage only management positions will be made redundant.” The airline is also looking at the early retirement of two of its B767 aircraft.Last week the airline increased its passenger fuel surcharge by up to AU$10 per sector on domestic and regional fares while Tasman flights. Source = e-Travel Blackboard: N.Jlast_img read more

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Football fans buy out extra Air NZ services within minutes

first_imgAir New Zealand has sold out two flights within an hour of releasing them to football fans eager to watch the Warriors play in the NRL Grand Final in Sydney this weekend.The first flight between Auckland and Sydney sold out in sixty minutes, while the second released early this morning sold out within six minutes.Using the 747 to charter the service, group general manager Australiasia Bruce Parton said the carrier is keen to offer fans enough seating to arrive in Sydney, however no aircraft is available to add a third service. “Twitter and Facebook have been abuzz today with customers asking for help to get to Sydney – everyone is desperate to be able to be there for the match,” Mr Parton said. “Unfortunately we don’t have the aircraft to be able to offer a third charter, but our team has been frantically busy today re-jigging our schedules and aircraft to make as many seats as we can available to Sydney.”In addition to the two extra services, the carrier has also added an A320 service flying out on Saturday 1 October as well as up-gauging an A320 in place to the 777-200ER on flights between Auckland and Sydney on Friday 30 September and Tuesday 4 October. Source = e-Travel Blackboard: N.Jlast_img read more

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Hilton announces return to Okinawa

first_imgSource = e-Travel Blackboard: N.J Hilton Worldwide has announced its return to Okinawa, with its eleventh Japanese property, Hilton Okinawa Chatan to open in 2014.Located 20 kilometers from Naha International Airport, the 346-room hotel will be managed by Chatan Hotel and Resort Corporation.Hilton Worldwide Global Head, Dave Horton said the new property was the “next chapter” for the brand’s “rapidly-growing collection”.“This hotel will deliver the world-class hospitality synonymous with our brand and Hilton Worldwide,” he said. The hotel will include one all-day dining restaurant, a specialty restaurant, a lobby lounge as well as a full service spa and fitness gym, indoor and outdoor pools, and a 120-square meter meeting room. last_img

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TAA calls for action on Airbnb style shortterm stays

first_imgTAA calls for action on Airbnb style short-term staysTourism Accommodation Australia (TAA) has called on governments at all levels to act against non-compliant accommodation providers who are putting guests’ safety at risk, threatening jobs and contributing nothing to the Australian economy.TAA has made submissions to Federal and State Governments to introduce legislation to require the registration of rooms that are let on a commercial short term basis by individuals.In the submissions, TAA argues that there had been an explosion in the number of unregulated accommodation providers in Australia due to the rise of easily-accessible online distribution channels such as Airbnb, which is reported to already have over 35,000 rooms in Australia for rental.TAA is calling for Federal, State, Territory and Local governments to agree on a national system requiring the registration of premises that are used for commercial short stay accommodation so that they meet a range of health, safety, tax and regulatory requirements.Chair of TAA and former Federal Tourism Minister, Martin Ferguson, said there was an urgent need for governments to address the issues to ensure that guests and legitimate operators were protected.“We are not against the ‘sharing’ economy, but we are opposed to the ‘taking’ economy, where unregulated commercial short-term accommodation providers take lots of money without meeting their obligations to guests, the community and the wider economy, said Mr Ferguson.“TAA has no issue with new entrants who meet their regulatory requirements, but we do not believe that non-compliant accommodation providers should be allowed to ignore the rules set down to protect travellers and legitimate operators.“If there is rampant growth of illegal short-stay commercial accommodation, it will significantly reduce the likelihood of investment in tourist accommodation, which has the potential to be one of the most sustainable generators of future employment in Australia.“While city authorities overseas are beginning to crackdown on non-compliant accommodation, Australian councils have found it difficult to act on breaches, despite the operators clearly contravening building code and development consents. This can potentially threaten the validity of insurance policies for both the property owner and – in the case of an apartment block – all unit owners in the building.“In order to address the situation TAA recommends the introduction of model legislation, agreed by the Federal, State and Territory governments that would require the registration of accommodation that are let on a commercial short term basis by individuals and companies.“We believe that regulations should apply in a proportionate way, in that resident landlords should not be subject to the same regulations as non-resident commercial landlords of privately rented property, or houses in multiple occupation. However, it is vital that health, safety, tax and other regulations apply when non-residential commercial landlords are commercially letting out rooms or apartments through sharing economy platforms.“We would advocate for councils to have greater powers to manage and monitor registrations of shorter term rentals/residential accommodation. The letting out of individual rooms by non-resident commercial landlords needs to be separately classified to permit application of any relevant agreed regulation, to differentiate from commercial accommodation. For example it could be classified as ‘special residential’, with a distinct and separate category for ‘short stay’ commercial accommodation.“Distribution companies listing share accommodation on their sites will be required to ensure that all rooms listed are registered, indicating that they are compliant with Australian laws and have in place consumer protections.“Ultimately the accommodation industry is seeking to provide certainty for those who invest in legitimate accommodation in Australia, protect jobs and ensure a high-level traveller experience that generates repeat visitation.”Source = Tourism Accommodation Australialast_img read more

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Can you guess the worlds top tourism destination

first_imgSource = Sophie Eastaugh for CNN view images and more from CNN here fly Ethiopian Airlines Can you guess the world’s top tourism destination?You would be forgiven for thinking it was Spain, Thailand or Italy. But this year the accolade of World Best Tourism Destination has been given to a surprising candidate: Ethiopia.The country has been praised for its outstanding natural beauty, dramatic landscapes and ancient culture, leading the European Council on Tourism and Trade to select it out of 31 countries as this year’s top holiday spot.Visitor numbers in the country have increased by 10% over the last decade, according to the Ethiopian Ministry of Culture and Tourism. Last year, more than 600,000 tourists visited Ethiopia, attracted by its fertile national parks, 3,000 year-old archeological history and nine UNESCO world heritage sites.Tourism contributed an estimated 4.5% to the country’s GDP last year, generating nearly a million jobs and over two billion dollars in revenue, according to the World Bank.Flick through our gallery of stunning Ethiopian sites to find out more about the country that has been chosen by industry experts as the top place to travel to this year.last_img read more

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Cleaning up Australias waterways

first_imgSource = Australian Government Cleaning up Australia’s WaterwaysThe Australian Government will launch a nationally coordinated approach to eradicating Australia’s worst freshwater aquatic pest, the common carp, through a $15 million National Carp Control Plan contained in this year’s budget.The plan includes the staged release of the carp control virus, beginning in the Murray Darling Basin, and other complementary measures to create a long term solution to the issue of the carp pest.A joint ministerial taskforce will finalise the national plan and includes the Minister for Industry, Innovation and Science, Christopher Pyne, the Deputy Prime Minister, Barnaby Joyce and the Minister for the Environment, Greg Hunt.Minster Pyne said the $15 million plan would be designed in conjunction with state and territory governments to maximise the impact of biological controls on carp populations while minimising disruption to industries, communities and the environment.“The common carp is a nasty pest in our waterways and makes up 80 per cent of fish biomass in the Murray Darling Basin,” Mr Pyne said.“Anyone who loves the Murray knows what damage the carp have caused to the river environment over many years.“The Invasive Animals Cooperative Research Centre and the CSIRO have made significant progress evaluating a viral biological control agent, we know that it works, we know it’s completely safe, now we need to plan the best way to roll it out.“It’s important to remember that while the virus will have a significant immediate and dramatic impact on populations, there will need to be an ongoing process to achieve complete success.Minister for Agriculture and Water Resources, Barnaby Joyce said the economic impact of carp is estimated at up to $500 million a year, mostly in regional Australia, and especially along the Murray River.“Carp are a serious problem, in particular along the Murray River, and current control measures, including trapping, commercial fishing and exclusion, are expensive and largely ineffective at controlling carp over large areas or for any length of time,” Mr Joyce said.“This initiative will provide a long term solution and has already received strong stakeholder support from groups including irrigators, recreational fishing organisations and conservation groups.“The Coalition Government has long supported an adaptive approach to environmental management in the Murray-Darling Basin that goes beyond looking solely at water in and water out,” he said.The Minister for the Environment, Greg Hunt said carp are a pest and threaten others species by making water turbid, causing erosion and out-competing native fish for food and resources.“Many native fish species in the Murray Darling Basin are listed as vulnerable or threatened with extinction in large part due to the carp pest,” Mr Hunt said.“The Ministerial taskforce, part of today’s announcement, will oversee the development of a whole of government National Carp Control Plan managed by a national coordinator with the intention of releasing the carp control virus by the end of 2018,” he said.Assistant Minister for Agriculture and Water Resources, and South Australian Senator Anne Ruston said that today’s announcement was a great step forward in improving confidence and economic prosperity in communities along the Murray Darling Basin.“Today’s announcement is welcomed by a huge cross section of stakeholders, and is undoubtedly the long term solution that communities along the Murray Darling Basin have been asking for.”“Growing up in the Riverland, I can certainly say that this is nothing short of a huge win for South Australian irrigators, farmers and recreational fishers who rely so heavily on the Murray Darling Basin.”The plan will include work to ensure continued community awareness of the carp control program, monitoring the effects of the virus after release, opportunities to use harvested carp biomass and measures to protect infrastructure affected. National Carp Control Planlearn more herelast_img read more

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CeBIT Australia launches new tech innovations

first_imgCeBIT Australia, the largest and longest running business technology event in the Asia-Pacific region kicked off yesterday, welcoming thousands of ICT professionals to explore the future of the business technology landscape through an exhibition and ten dedicated conferences at Sydney Olympic Park.The Hon. Mike Baird MP, Premier of NSW was joined by the Lord Mayor of Sydney Clover Moore to open CeBIT 2016 with a ministerial address that emphasised the value of technical innovation to the NSW economy.“We are very proud to continue our support of CeBIT. This is a very significant conference and we are determined to do everything possible to have Sydney and NSW at the forefront of tech in this great nation,” said The Hon. Mike Baird MP, Premier of NSW.Kathryn Parsons, Co-Founder & Co-Chief Executive Officer of Decoded said in her opening keynote that the future is being written in lines of code.A passionate advocate on a mission to spread digital enlightenment by teaching students and professionals to ‘code in a day’, Ms Parsons explained that innovation is not a once off achievement, but rather a constant culture required to foster agile innovation methodologies.“Accelerating learning experiences to develop an understanding of code, data, future technologies and cyber security to embrace digital transformation are at the forefront of driving the agenda for coding on the curriculum,” Ms Parsons said.“Creative risk needs to be viewed in a more positive environment, making technology education amazing, and empowering anyone to understand the languages behind the screen.”Over 80 start-ups are featured on the CeBIT exhibition floor, showcasing new innovations including apps, software, robots, cardboard goggles and business related products and services. Start-ups highlighted on the NSW Government stand include Wollongong IT, TapIT, Metamako, ICT International, Momentum Cloud, Targ, ATP Innovations, Advantage Wollongong, University of Newcastle, SynFlyt, My Online Clinic.Thomas Zuccarelli, COO, Utillix, the Google Earth of underground infrastructure which reveals ‘what lies beneath’ before any digging begins, launched his app at CeBIT today.“It has been terrific to officially launch Utillix amongst the technology community – from start-ups to government agencies. As an Australian-based company CeBIT has given us a platform to promote our app that we wouldn’t have gotten anywhere else’, said Zuccarelli.On display, is the first dedicated keyboard for both square and round smartwatches. Developed by TouchOne it has a patented intuitive fast input display and has been downloaded from Google Play over 8,000 times since launching in early April 2016.Knokal is a start-up on a positive track having earlier this year exhibited at the Startup Spotlight at South by SouthWest (SXSW).An app to reduce road accidents caused by people using their mobile phones while driving is on show from Tamad Technology; the app automatically sends an estimated time of arrival text on behalf of a user at a distance to arrival that the user presets.Teleporting apps bring convenience to multi-device users with technology from Xigrom enabling people to easily teleport live apps from one device to another, to pick up exactly where they left off on the second device without interruption.Business processes are getting a dose of German efficiency with the Australian launch of HORUS Business Modeler at CeBIT. The HORUS solution easily integrates into existing ERP technology. CeBIT AustraliaSource = CeBIT Australialast_img read more

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Nothing to be sari about for MTA Members in India

first_imgMTA – Sue Basedow and Bettiann GainNothing to be ‘sari’ about for MTA Members in IndiaPictured MTA – Mobile Travel Agents Members Sue Basedow and Bettiann Gain getting into the swing of things during a combined Banyan Tours/Taj Hotels Resorts & Palaces study tour of northern India.Program highlights included Delhi, Udaipur, Jaipur, Varanasi and Mumbai.Source = Mike Parker-Brown – MTA – Mobile Travel Agentslast_img

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Sareena Baldhiraj

first_imgWe are here for the second time and since last year OTM has grown a lot. We saw a wide cross-section of audiences, to get the flavour and exposure to the Indian market. The set up was like a breeze – it was easy to set things up and get things organised, and we are really happy with that.last_img

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Foreign Tourist Arrivals grow by 92 in May 2015 over May 2014

first_imgForeign Exchange Earnings (FEEs) from Tourism in India in rupee terms and in US$ termsFEEs during the month of May 2015 were `8,877 crore as compared to `7,184 crore in May 2014 and `6,627 crore in May 2013. FTAs during the period January- May 2015 were 33.32 lakh with a growth of 3.6%, as compared to the FTAs of 32.15 lakh in January- May 2014. The Percentage share of Foreign Tourist Arrivals (FTAs) in India during May 2015 among the top 15 ports was highest at Delhi Airport (26.06%) followed by Mumbai Airport (17.88%), Haridaspur Land check post (10.95%), Chennai Airport (9.83%), Bengaluru Airport (7.24%), Cochin Airport (4.06%), Hyderabad Airport (4.05%), Kolkata Airport (3.97%), Gede Rail (2.27%), Trivandrum Airport (1.81%), Tiruchirapalli Airport (1.58%), Ahmedabad Airport (1.54%), Ghojadanga Airport (1.29%), Attari Wagha (1.08%) and  Goa Airport (0.67%). These top 15 ports account for 94.28% of total FTAs during May 2015. The growth rate in FEEs in rupee terms during May 2015 over May 2014 was 23.6% as compared to 8.4% in May 2014 over May 2013. The Ministry of Tourism compiles monthly estimates of Foreign Tourist Arrivals (FTAs) on the basis of Nationality-wise, Port-wise data received from Bureau of Immigration (BOI) and Foreign Exchange Earnings (FEEs) from tourism on the basis of data available from Reserve Bank of India. The following are the important highlights regarding FTAs and FEEs from tourism during the month of May 2015.Foreign Tourist Arrivals (FTAs):FTAs during the Month of May 2015 were 5.11 lakh as compared to FTAs of 4.68 lakh during the month of May 2014 and 4.17 lakh in May 2013. There has been a growth of 9.2% in May 2015 over May 2014.center_img FEEs from tourism in rupee terms in January- May 2015 were `51,351 crore with a growth of 6.3% as compared to the FEE of `48,302 crore with a growth of 8.7% during January- May 2014 over January- May 2013. The Percentage share of Foreign Tourist Arrivals (FTAs) in India during May 2015 among the top 15 source countries was highest from Bangladesh (19.32%), followed by U.S. (16.99%), UK (7.79%), Malaysia (3.59%), Sri Lanka (3.54%), Japan (2.78%), Australia (2.66%), Canada (2.63%), Germany (2.59%), China (2.56%), Nepal (2.52%), Singapore (2.36%), France (2.16%),Pakistan (1.84%) and Oman (1.66%) .  These top 15 countries account for 74.99% of total FTAs during May 2015. FEEs in US$ terms during the month of May 2015 were US$ 1.392 billion as compared to FEEs of US$ 1.210 billion during the month of May 2014 and US$ 1.207 billion in May 2013.The growth rate in FEEs in US$ terms in May 2015 over May 2014 was 15.0% compared to 0.2% in May 2014 over May 2013.FEEs from tourism in US$ terms during January- May 2015 were US$ 8.207 billion with a growth of 4.0% as compared to the US$ 7.894 billion with a decline of 3.5% during January- May  2014 over January- May 2013.last_img
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Tourist arrivals in Goa went beyond five million mark in 2015

first_imgThe overall tourist arrivals in Goa increased by 30.54% and by 22% during the monsoons in 2015. No drop in the number of foreign tourist arrivals has been reported by the Department of Tourism, Government of Goa. While domestic tourist arrivals escalated by 34%, foreign tourist arrivals were up by 5.4%. Goa welcomed visitors from UK, Russia, UAE, USA, Portugal, South Africa and many others. A total of 52,97,902 tourists visited  Goa in 2015 which includes 47,56,422  domestic  tourists and  5,41,480 foreign tourists.The ETV regime introduced by the central government in December 2014 has also facilitated easy access of foreign tourists to Goa. Within a year (till December 31, 2015), a total of 49,626 ETVs were issued to foreign tourists.Dilip Parulekar, Minister for Tourism, said, “We have received a good response from foreign and domestic tourists in 2015 as in the past. Our new initiatives are showing substantial results and we are optimistic that the tourists will choose Goa as their destination for holidaying.”last_img read more

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Curacao registers 13 growth in visitor arrivals

first_imgThe Curacao Tourist Board (CTB) has registered a double digit growth of 13% in visitor arrivals in March 2016 compared to last year. A total of 44,736 visitors were registered against 39,526 in the same month last year.Stay over arrivals from North America increased by six percent in March with a total of 9,184 visitors compared to the 8,695 visitor arrivals in March 2015. The United States, with 6,462 stay over arrivals, recorded an eight percent increase. Canada recorded a slight one percent increase with 2,722 stay over arrivals this March 2016.The South American market increased by 15% in March 2016, with a total of 12,349 stay over arrivals compared to 10,721 in 2015. Demand out of Venezuela bounced back, growing strong in March 2016. From Venezuela, a 16% increase was registered with a total of 8,536 visitors being counted 2016, compared to the 7,354 visitor arrivals of last year.Colombia and Suriname also registered increases in stay over arrivals of respectively 15% and 49%. In absolute figures, Colombia and Suriname registered 1,216 and 1,051 stay over arrivals. Brazil showed a decrease of 24%.The European market recorded an increase of 13% in March 2016. The region provided a total of 19,103 stay over arrivals compared to the 16,912 recorded in March 2015. The main producing country, the Netherlands, recorded a five percent increase with 12,453 visitors in March 2016 compared to 11,883 in 2015.Germany increased, recording 15% more visitors in March 2016. A total of 3,261 visitors were registered. Last year, in this same month 2,830 German visitors were counted. From Belgium a 154% increase was registered, with a total of 1,224 stay-over visitors in March 2016.The Caribbean region grew by recording 30% more visitors in March 2016. Aruban visitors increased by 60%, representing 1,487 stay-over visitors in absolute numbers. Trinidad and Tobago also recorded good performance with 18% more visitors.last_img read more

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Qrius Connect concludes MICE Connect Sri Lanka 2019 with an overwhelming response

first_imgQrius Connect recently concluded their exclusive travel show MICE Connect 2019 Sri Lanka edition on July 2-3 at Hilton Colombo.The intention behind the show was to promote Sri Lanka more exclusively in the segment of MICE and corporate events.The show made its biggest USP by inviting the Indian buyers all the way to Sri Lanka, hosting them and making them have the real experience, familiarisation and feel of the destination.The show witnessed the participation from the potential MICE, wedding and event agencies from India who were keen to gather more knowledge about the destination and to discover the potential of Sri Lanka in the context of MICE.Whereas, the seller’s side was represented by some of the premium hospitality brands from Sri Lanka such as Hilton Colombo, DoubleTree by Hilton Weerawila, Galle Face Hotel, BMICH, Movenpick, Shangri-la, Anantara Resorts, The Kingsbury and Serendib Leisure along with some of the top listed DMC’s such as Walkers Tours, Diethelm Travel, Antiquity SL.Travel News Digest was the exclusive media partner of the event.Nishant Gulliya, Managing Director & CEO, Qrius Connect shared, “I see this show as the best blend of familiarisation, business networking and overall destination promotion.”The show was intended to give a platform to build and strengthen the relationship between the participating Indian buyers and the Sri Lankan hospitality brands along with giving a real taste to the buyers by inviting them to travel all the way to Sri Lanka.“The MICE sector in Asia continues to thrive, with an anticipation of a continuous rise in demand and growth rate in the next half a decade. Considering Sri Lanka as an emerging MICE destination, we have been noticing the fast-growing demand for the corporate travel, incentives and wedding segment from India. MICE Connect Sri Lanka 2019 has showcased itself at a right time with the right set of participants and have assured the exclusivity and value addition through this show and we are optimistic to host a bigger edition in 2020. Let’s Stay Q’rius,” concluded Nishant.last_img read more

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NTC Makes Inc 5000 List for Third Straight Year

first_img Company News Nationwide Title Clearing 2014-08-22 Tory Barringer Share in Headlines, News, Uncategorized NTC Makes Inc. 5000 List for Third Straight Yearcenter_img Inc. Magazine recently published its full list of the fast-growing companies for 2014, and for the third straight year, Florida-based Nationwide Title Clearing (NTC) has made the cut.NTC, a research and document processing services firm, ranked 2,097 on the annual Inc. 5000 list.”Being recognized among other nationally-ranked companies on the [Inc. 5000] list is an accomplishment that our executives, along with every employee, have worked diligently for,” said NTC CEO John Hillman. “We’ve strived over the years to perfect our business practices, and this award is an honor and a testament to our hard work.”NTC attributes its growth to its work in advocating best practices for the mortgage industry, which has boosted the company throughout the aftermath of the Great Recession. The firm also touted its employee continuing education programs, which help ensure that clients are able to remain compliant in safeguarding property records.To celebrate its inclusion on the list, NTC has been invited to attend the 2014 Annual Inc. 5000 Conference and Awards Ceremony, which will take place in Phoenix, Arizona, in mid-October. The company said its representatives “are looking forward to attending.” August 22, 2014 490 Views last_img read more

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Veros Offers Leading AVMs Through Calyx Network

first_img Veros Real Estate Solutions, a the company behind the VeroVALUE automated valuation model (AVM) and a reseller of other top-performing AVMs, has been integrated in Calyx Software’s Point solution, the companies announced.Through the integration, Point users can now access VeroVALUE and other AVMs to enhance their portfolio analysis and risk reduction strategies. All AVMs offered are vetted to Veros’ standards, and the company’s own AVM ranks as a consistently high performer in industry tests.”In talking with VeroVALUE users, I was pleasantly surprised to learn the accuracy of their AVM when compared to other AVM vendors they tested,” said Dennis Boggs, EVP of business development for Calyx. “With the new VeroVALUE interface, users will now have improved ease in ordering from within Point, save time by not having to re-enter data, and have the value returned in a PDF file that is automatically saved in Point’s Document Storage. We love that.””Partnering with Calyx to make highly accurate AVMs from Veros and others immediately available is a very positive development for Point users,” added David Rasmussen, SVP of operations for Veros.  “Lenders, brokers and other Calyx users are able to make better and faster decisions to improve loan performance and reduce risk by using industry-leading technologies from Calyx and Veros. We are delighted to be part of their reliable network.” August 29, 2014 464 Views Share Calyx Company News Valuation Veros 2014-08-29 Tory Barringercenter_img Veros Offers Leading AVMs Through Calyx Network in Headlines, News, Technologylast_img read more

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Home Purchase in Sight for Over Half of Americans Within Five Years

first_imgHome Purchase in Sight for Over Half of Americans Within Five Years in Daily Dose, Data, Headlines, Market Studies, News Share Many Americans are gearing up to purchase a home in the coming years. According to a recent BMO Harris Bank 2015 Homebuyers Report, 52 percent of Americans say they are likely to buy a home in the next five years.Additionally, those surveyed indicated that they are willing to pay an average of $296,000 for a home and will average a 21 percent down payment.The report also found that among those who intend to buy, 78 percent plan to get preapproved before seriously searching for a home. Meanwhile, 75 percent of current home owners set a budget before looking for a home and 16 percent usually spend less while 13 percent go over budget.”Getting preapproved helps buyers understand their budget as they start their home search. That means estimating monthly mortgage payments and how much you can borrow,” said Alex Dousmanis-Curtis, group head, U.S. Retail and Business Banking, BMO Harris Bank.BMO also reported that 74 percent of those looking to buy a new home will consult a real estate agent, while 59 percent said they will visit online real estate websites, and 37 percent will seek recommendations from friends and family.According to the report, 63 percent of American homeowners spent under six months looking for a new home before they made a purchase. In addition, 8 percent bought their home without conducting an active real estate search or even planning to buy because a specific property caught their attention.The report also found that many likely homebuyers are interested in a real estate mobile app that would help in their home search. Over three-quarters of homebuyers said the biggest draw for a mobile app would be the ability to look at house listings in their specific desired area and 77 percent would like the ability to obtain information about these neighborhoods.Click here to view BMO Harris Bank’s 2015 Homebuyers Report.center_img August 12, 2015 458 Views 2015 Homebuyers Report BMO Harris Bank Five Years Home Purchase 2015-08-12 Staff Writerlast_img read more

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BCFP Paints the Full Picture of Consumer Complaints

first_img Share October 23, 2018 834 Views BCFP Paints the Full Picture of Consumer Complaints BCFP CFBP complaints Consumer complaint Housing Market mortgage Mortgage Industry 2018-10-23 Staff Writercenter_img in Daily Dose, Government, News The Bureau of Consumer Financial Protection (BCFP) has released its Complaint Snapshot: 50 State Report. The report highlights the total number of complaints sent to the BCFP nationwide since 2015, providing a clear picture of just what financial products and services U.S. consumers find issue with the most. The numbers are given for the U.S. as a whole as well as broken down state-by-state.Regarding the mortgage industry specifically, complaints as a total percentage dropped in 2017 compared to 2016, down from 18 percent to 12 percent. Since 2015, there have been a total 155,519 complaints involving mortgage products or services. The largest number of these complaints refer to “trouble during the payment process,” 40 percent of all mortgage-specific complaints, or 61,851 total.Certain states differ from this national average, however, yielding a higher percentage of complaints just struggling to pay their mortgage. These states include California, Florida, Illinois, Maryland, Massachusetts, New Jersey, New York, and Washington.  California has the highest overall number of complaints involving mortgages with 24,267—10,841 of which involve struggling to afford monthly mortgage payments.  New Jersey has the highest percentage of its total complaints involving mortgages, standing at 18 percent or 7,719 total.The state with the lowest number of complaints regarding mortgage products is South Dakota, with only 93 total complaints delivered to the BCFP since 2015.Naturally, the most consumer complaints came from California, the most populous state in the Union. Florida, Texas, New York, and Georgia came in second, third, fourth, and fifth, respectively, for the most complaints per state. Those living in Wyoming reported the least complaints of all 50 states. The most complaints since 2015 nationwide have concerned debt collection, with credit or consumer reporting second, then mortgage products third. Credit card and checking or savings products received the fourth and fifth highest volume of complaints.  Since the beginning of 2018, average monthly complaints have risen 9 percent.last_img read more

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CFPB Name Changes and Bottom Lines

first_img in Daily Dose, Featured, Government, News Share December 19, 2018 575 Views CFPB: Name Changes and Bottom Linescenter_img The name change for the Consumer Financial Protection Bureau (CFPB) has been put on hold for now by Kathy Kraninger, the agency’s new director, reversing a decision of her predecessor, Acting Director, Mick Mulvaney, of renaming the bureau to the Bureau of Consumer Financial Protection (BCFP).According to the Washington Examiner, in a memo to agency staff, Kraninger said, “As of December 17, 2018, I have officially halted ongoing efforts to make changes to existing products and materials related to the name correction initiative.”“The name ‘Consumer Financial Protection Bureau’ and the existing CFPB logo will continue to be used for all other materials,” Kraninger said in her memo. “In other words, we have a legal name but will be using our colloquial name and the branded acronym ‘CFPB.’”However, she noted that the Bureau’s official seal and the BCFP name would continue to be used in all of the agency’s legal filings, required reports, and items specific to her office.Kraninger’s memo comes a day after Sen. Elizabeth Warren called for an investigation into the attempted name change. “Changing the agency’s name and acronym would make it harder for consumers to find the agency’s website, file complaints, and seek help,” Warren said in a letter to the Fed and the CFPB requesting the inquiry.The bureau’s changed name had been at the center of much speculation over the past few weeks. Just before Kraninger’s confirmation, an article in the Hill had cited an internal analysis that found that a name change would have cost the agency approximately $19 million and financial firms approximately $300 million in expenses for changing the agency’s name from CFPB to BCFP on their databases and documents.In April this year, Acting Director, Mick Mulvaney had announced plans to alter the bureau’s name to the one that was used when the agency was originally created under the Dodd-Frank Act in 2010. “I’m trying to get in the habit of now saying the ‘BCFP,’” Mulvaney had said at an industry event at that time. “The CFPB doesn’t exist,” he added. “The CFPB has never existed.” BCFP CFPB Elizabeth Warren Kathy Kraninger Mick Mulvaney 2018-12-19 Radhika Ojhalast_img read more

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Del Monte Kenya has invested Ksh580 million US5

first_img Del Monte Kenya has invested Ksh580 million (US$5.6 million) in a new fresh fruit packing facility in the East African country as part of its plan to expand production and distribution, Capital Business reports.The new facility will have a processing capacity of 60 metric tons (MT) of fresh fruits per year, it added. These fruits will include pineapples, avocados, mangos and passion fruit.The company says the new plant will create 200 new jobs, boosting the economies of Murang’a and Kiambu counties.Del Monte’s managing director Stergios Gkaliamoutsas believes this move will help the company increase its reach.“Del Monte Kenya plans to source fruit from local and regional growers in Murang’a and Kiambu counties,” he says. “We will prepare and package the products from the new Del Monte facility for both local and international markets.”Workers are now constructing the plant within Del Monte Kenya’s plantation in Murang’a. The company reportedly expects to begin operations there in August 2019. Driscoll’s takes California Berry Cultivars (CBC) … U.S.: OTA launches “groundbreaking” organic fraud … July 08 , 2019 Del Monte Kenya’s relationship with the countryCurrently, Del Monte Kenya employs over 6,500 employees and creates additional 28,000 jobs indirectly through its activities.“Over the past several decades we have turned vacant, unoccupied, unused land into thriving plantations with irrigation and water infrastructure, roads, clinics, and schools that benefit the entire community.”We’re now looking forward to taking these accomplishments further alongside the Kenyan government and its people,” Gkaliamoutsas emphasized.Still, the company has faced its fair share of resistance in the country.In April, it lost a land lease suit in the nation just as it began the process of renewing its 99-year lease, which comes to an end in 2022.Locals James Mwangi and Ephantus Githae petitioned to halt the corporation’s land renewal process. They argued it should not commence again until public bidding was finished.center_img DSV to buy Panalpina for US$4.6B and create freigh … U.S.: Half of California cherry crop devastated by … You might also be interested inlast_img read more

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