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Image : Leah Bracknell: Ex-Emmerdale star 'blessed' after fans raise £50000

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person Orange Themes access_time Oct 11,2016

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person Orange Themes access_time May 18,2017

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Image : Hari Kartini, Jurnalis Perempuan Tasikmalaya Pakai Kebaya dan ...

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HVS: Bright future for Israeli hospitality

access_time Jul 21,2016 chat_bubble_outline 92 views
HVS: Bright future for Israeli hospitality

Israel’s hotel pipeline remains strong and, buoyed by new laws facilitating hotel developments, investor interest is expected to grow further in the country, according to a new report from global hotel consultancy HVS.

While the impact of continuing terrorist activity has resulted in fewer visitors travelling to Israel, those cities with strong corporate-driven business, such as Tel Aviv, have proven to be more resilient than mainly leisure-driven markets such as Jerusalem and the Dead Sea area, the report highlights.

Over the past year, the country saw a 25 per cent drop in the number of Russian visitors, while Italian visitation fell by 19 per cent.

As a result, hotel occupancies and average rates have been under pressure, said report co-author Jill Barthel, associate, HVS London.

Despite this, the number of visitors from Germany, the UK and France has improved since the 2014 summer conflict, with the German and UK markets proving particularly resilient, recording remarkable growth of around 20 per cent and 18 per cent in 2015, respectively.

Not only did visitor numbers from those markets rise, but also the investment appetite of both domestic and international developers seems unmet, added Barthel.

Israel currently has a healthy development pipeline of some 7,600 hotel rooms.

Around 2,000 of these are affiliated with international hotel brands, accounting for 27 per cent of the total pipeline.

The strongest investment interest is being shown in Jerusalem and Tel Aviv, as well as the northern coastal areas.

A new regulation, introduced by the Knesset earlier this year aiming to speed up the completion of hotel developments and enable up to 20 per cent of each hotel to be classified for residential purposes, is expected to stimulate demand further still.

Nevertheless, the number of bednights accounted for by international visitors to Israel fell in 2015 by 10.5 per cent, indicating that many people reduced their stays.

Airbnb has also claimed around five per cent of hotel bednights, constituting a non-neglectable competitor to regular hotels whose impact the Israel Hotel Association is actively trying to limit by fighting for the implementation of tax laws and stricter regulation on this market.

Take a look at the full report here.

Breaking Travel News investigates: Punch Room, London Edition
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The Latest: Trump makes surprise stop at Wawa store

WASHINGTON (AP) — The Latest on the U.S. presidential race (all times EDT):1:15 p.m.Donald Trump is making a surprise stop at a local outpost of a beloved Pennsylvania-based convenience store chain.Trump briefly visited a Wawa in King of Prussia. He stopped by after a speech attacking President Barack Obama's health care overhaul.The Republican presidential nominee wandered the store for a few minutes and posed for selfies with a trio of customers. He did not purchase anything.He was joined by… chat_bubble_outline Read More...

Raonic brushes past Brown to advance at Australian Open

Melbourne (AFP) - Canada's power server Milos Raonic eased into the second round of the Australian Open with a convincing straight sets win over German Dustin Brown on Tuesday.The third seed, who was a semi-finalist in Melbourne last year, spent just 93 minutes on Margaret Court Arena to dish out a 6-3, 6-4, 6-2 lesson to the dreadlocked Brown.Raonic will have a second round appointment with either Sydney International winner Gilles Muller or American Taylor Fritz.He thundered down 18 aces… chat_bubble_outline Read More...

Six Nations 2017: Italy 7-33 Wales

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More than 10000 flats launched in largest HDB sales exercise this year

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HCMC mulling over new real estate policies

The Ho Chi Minh City Department of Construction (DoC) has recently proposed to the city’s People’s Committee a number of practical solutions for the city’s Property Market Development Project in the 2016-2020 Period, Orientation to 2025, and Vision to 2030. By 2025 the average size of each household is expected to have fallen, with a subsequent rise in demand for housing and other types of real estate.The DoC requested the establishment of a General Department of Housing Development to manage… chat_bubble_outline Read More...

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