Virgin Australia named travel sectors most attractive company at annu

first_imgVirgin Australia has claimed the title of most attractive employer in the travel & aviation industry at the annual Randstad Awards, and was awarded third place for most attractive employer in Australia for 2012. Virgin Australia was the only airline to appear in the 2012 Randstad Awards Top 20 list for the most attractive companies in the country.The announcement, made in front of senior executives and HR directors from Australia’s 150 largest employers, revealed for the second year which companies were voted the most attractive by more than 7,000 Australians of working age. The Randstad Awards, which survey the perceptions of 100,000 people globally, are unrivalled locally and internationally, with companies unable to nominate themselves or determine the categories and criteria for entry. Randstad CEO, Fred van der Tang, commented on Virgin Australia’s impressive result for the second year running: “Virgin Australia’s strong employer brand gives it a natural advantage over its competitors,” said Mr van der Tang. “The airline is perceived to have a pleasant working atmosphere, actually one of the highest ratings in the country overall, as well as interesting job content and excellent training and development opportunities.”Overall the travel and aviation industry performed well this year, with Virgin Australia ranked 3rd in the Top 20 most attractive companies, followed by Australian Leisure and Hospitality Group in 10th place. Aviation was considered one of the top three most attractive sectors in the country. The results of the Randstad Awards are invaluable to Australian employers in understanding what attracts people to their organisation, particularly at a time of limited talent pools and in striving to win a competitive edge in the race for talent.“People are attracted to companies for a number of reasons, which can be analysed according to what men and women want, what different generations are looking for, and even according to the differing priorities of people who are single, married or have young families,” says van der Tang.“What’s also interesting is how long term job security and the financial health of a company clearly increased in importance across the board, in times of economic uncertainty, while in times of boom and profitability, competitive salary, employee benefits, work life balance and a pleasant working atmosphere become more pertinent to those considering a shift in career. “The war for talent is on a steep incline and those organisations that attract, engage and retain the best talent are ultimately those that will be most successful,” Mr van der Tang said.“In very simple terms, building an employer brand is about creating ‘fans’ within your business. You want your employees to be ambassadors for your brand, raving about how great it is to work for your organisation, whether it’s at a corporate event or on the sidelines at the kids’ weekend sporting match.” Source = Randstadlast_img read more

APAC business travel booming

first_imgTravel managers are gaining more control over budgets, while double digit growth in business travel to Asia is anticipated, according to Global Business Travel Association (GBTA) Foundation research studies.The new report developed by the GBTA Foundation and Egencia, exposed travel policy trends for the Asia Pacific region. “As recent studies by GBTA indicate, we expect double digit growth in business travel to Asia,” GBTA Asia regional director Welf J. Ebeling said.“With companies eager to capitalize on business expansion opportunities in this thriving region, corporate travel departments will be critical to their success.”The study revealed travel professionals are assuming a more significant role in shaping and controlling business travel policy, with the help of online booking tools, social media and a more conservative approach.“Our study shows that in Asia Pacific, social media and technology, such as mobile devices, is reshaping both the traveler experience and travel manager’s role in simultaneously supporting traveler needs and corporate objectives,” Egencia APAC managing director Cecilia Routledge said. “We set out to understand how travel professionals can better apply travel policy to make sure their travelers have the important information they require to manage travel details without losing sight of policy compliance.” More than half (54 percent) of all Asian travel professionals surveyed described ‘control’ over travel policy as ‘driving savings and controlling costs’.Travel professionals in Asia said they now have more control over reporting (69 percent), visibility in the organization (68 percent), and travel spend data (63 percent).60 percent of travel professionals claim to stay in touch with clients during their travels.The compliance rate of travellers using approved corporate booking channels in Asia was 79 percent, indicating that technology has become an essential tool to create and implement effective policy. Corporate Travellers Source = e-Travel Blackboard: P.Tlast_img read more

AccorHotels and sbe Entertainment Group announce strategic partnership

AccorHotels and sbe Entertainment Group announce strategic partnership

first_imgsbe corporate office – Los Angeles, CaliforniaAccorHotels and sbe Entertainment Group announce strategic partnershipAccorHotels Agrees to Acquire 50 percent in sbeAccorHotels and sbe Entertainment Group (“sbe”) have signed a Letter of Intent and entered into exclusive negotiations for AccorHotels to acquire a 50 percent stake in sbe, further illustrating AccorHotels’s strategy to expand its offering in the luxury lifestyle hospitality segment.This partnership will combine the expertise and savoir-faire of the two groups; AccorHotels will acquire the 50 percent of sbe’s common equity held in part by Cain International for $125 million. Sam Nazarian will continue to own the remaining 50 percent of sbe. In addition, AccorHotels will invest $194 million in a new preferred debt instrument that will be used to redeem all existing preferred units, also held in part by Cain International. AccorHotels’ total investment in sbe will be $319 million.This long-term investment will allow sbe to leverage AccorHotels’ leading global hospitality platform while remaining an independent luxury lifestyle operator. Sbe will continue to be led by its Founder and CEO Sam Nazarian as well as its expert management team while retaining its global headquarters in New York.Sam Nazarian, Founder and CEO of sbe: “This partnership with AccorHotels marks a new milestone in sbe’s history. This long-term investment by AccorHotels provides sbe, its customers and hotel owners with greater depth and breadth around the world and supports our collective ambition to be the best lifestyle hospitality company in the market. Building on our acquisition of Morgans Hotel Group in 2016, this investment will further accelerate our growth both domestically in the United States and in new markets internationally, particularly in Europe. Myself and the over 7,000 associates at sbe are thrilled and honored to partner with AccorHotels and be part of the amazing, innovative and pioneering culture that my dear friend, Chairman and CEO Sébastien Bazin and his team have implemented. Moving forward, sbe and AccorHotels together are committed to bringing our unique lifestyle experiential offering to more destinations and serving our discerning guests with unforgettable memories.”Sébastien Bazin, Chairman & CEO, AccorHotels: “I am delighted to announce this strategic partnership with one of the most innovative Groups in the luxury lifestyle space worldwide. It marks a new step in expanding AccorHotels’ footprint in this fast growing segment in key US cities such as Miami, Los Angeles or Las Vegas, and in other international destinations. “The new luxury” is all about exclusive experiences and incredible lifestyle concepts and sbe brands have the perfect know-how that will complete perfectly the AccorHotels portfolio. We remain committed to providing all our guests with unparalleled service and always renewed experiences around the world”.Jonathan Goldstein, Chief Executive of Cain International, commented: “Cain International became partners to sbe in 2016 providing the investment required at that time to enable the group to expand its footprint of some of the leading luxury lifestyle hospitality assets in the world. We are confident that sbe will continue to go from strength to strength with its new partners, AccorHotels; we wish them every success in the future and are proud of the role we have played in their exciting growth story.”Founded in 2002 by Sam Nazarian, sbe is a leading lifestyle hospitality company that develops, manages and operates award-winning global properties and brands. It is renowned for its unique 360-degree approach to lifestyle hospitality that includes branded luxuryresidences and serviced apartments, wellness and spa platforms and dining & entertainment experiences.sbe’s leading hospitality and residential brands include SLS, Delano, Mondrian, Hyde, The Originals (Sanderson, St. Martin Lane, Hudson, 10 Karakoy, Shore Club) and the Redbury Hotels. Through its Disruptive Restaurant Group platform, sbe has created global awardwinning culinary brands Katsuya, Umami Burger, Cleo, Leynia, Diez & Siez and Filia and innovative entertainment brands including Hyde nightclub and dayclub, Nightingale, Privilege dayclub Black Orchid, S Bar, Skybar and the Doheny Room. Landmark destinations in its portfolio include, Delano South Beach in Miami, SLS Baha Mar in the Bahamas, Mondrian Doha in Qatar, Hyde Bellagio in Las Vegas, Mondrian Park Avenue in New York City and the newly-opened 57 story SLS LUX Brickell in Miami. Upcoming opening includes Delano Rio de Janeiro, Delano Dubai at the Palm and Hyde Midtown in Miami.Through this investment, sbe will accelerate its international growth with expansion into new markets outside of the US, including priority growth markets in the Middle East and Latin America. sbe’s pipeline includes projects in some of the most important global gateway cities such as Atlanta, Chicago, Washington D.C., Dubai, Rio de Janeiro, Mexico City, Cancun, Tokyo and Los Cabos.By the end of 2018 sbe will operate 25 hotels, comprising 7,498 keys with a majority in North America, 170 award winning restaurants and entertainment venues in global destinations as well as new properties in the Middle East, Asia and Latin America. It currently has a further 20 hotels and residences around the world in its pipeline, as well as 59 standalone restaurants and nightlife venues. In addition, sbe has sold 1,500 branded residential units valued at $2 billion with over 2,500 units valued at $2.5 billion in its pipeline.Through this partnership, AccorHotels will expand its current geographic footprint in gateway North American cities such Los Angeles, Miami, Las Vegas and New York with iconic hotels. Additionally, sbe’s core millennial customer base will gain access to the AccorHotels platform.With its global hotel development platform and presence in 100 countries, AccorHotels will play a key role in developing sbe’s luxury lifestyle hotel, restaurant and entertainment brands globally. sbe hotels will also be distributed on the AccorHotels distribution platform, be featured on Accorhotels.com and will be part of the AccorHotels loyalty programme.The transaction is subject to regulatory approvals. It should be completed by July 31, 2018About sbeEstablished in 2002 by Founder and CEO Sam Nazarian, sbe is a privately-held, leading lifestyle hospitality company that develops, manages and operates award-winning hotels, residences, restaurants, and nightclubs. Through exclusive partnerships with cultural visionaries, sbe is devoted to creating extraordinary experiences throughout its proprietary brands with a commitment to authenticity, sophistication, mastery, and innovation. Following the acquisition of Morgans Hotel Group, the pioneer of boutique lifestyle hotels, in partnership with The Yucaipa Companies and Cain International (formerly Cain Hoy), sbe has an unparalleled global portfolio which will see 25 hotels and over 170 global world-renowned culinary, nightlife and entertainment venues by the end of 2018. The company is uniquely positioned to offer a complete lifestyle experience – from nightlife, food & beverage and entertainment to hotels and residences, and through its innovative customer loyalty and rewards program, The Code, as well as its award-winning international real estate development subsidiary, Dakota Development – all of which solidify sbe as the preeminent leader across hospitality. The company’s established and upcoming hotel brands include SLS Hotel & Residences, Delano, Mondrian, The Redbury, Hyde Hotel & Residences, and The Originals. In addition, sbe has the following internationally acclaimed restaurants and lounges under subsidiary Disruptive Restaurant Group: Katsuya by Chef Katsuya Uechi, Umami Burger, Cleo by Chef Danny Elmaleh, Fi’lia by Michael Schwartz, Leynia and Diez & Seiz by Chef José Icardi, Hyde Lounge, S Bar, Doheny Room Skybar, Bond, and Privilege. To learn more, visit sbe.comAbout AccorHotelsAccorHotels is a world-leading travel & lifestyle group and digital innovator offering unique experiences in more than 4,300 hotels, resorts, and residences across 100 different countries. With an unrivaled portfolio of internationally renowned hotel brands encompassing the entire range from luxury to economy, from upscale to lifestyle and midscale brands, AccorHotels has been providing savoir-faire and expertise for more than 50 years. In addition to its core hospitality business, AccorHotels has successfully expanded its range of services, becoming the world leader in luxury private residence rental with more than 10,000 stunning properties around the world. The Group is also active in the fields of concierge services, co-working, dining, events management and digital solutions.Relying on its global team of more than 250,000 dedicated staff, AccorHotels is committed to fulfilling its primary mission: to make every guest Feel Welcome. Guests have access to one of the world’s most attractive hotel loyalty programs – Le Club AccorHotels. AccorHotels plays an active role in its local communities and is committed to promoting sustainable development and solidarity through PLANET 21 Acting Here, a comprehensive program that brings together employees, guests, and partners to drive sustainable growth. From 2008, the AccorHotels Solidarity Endowment Fund has acted as a natural extension of the Group’s activities and values, helping to combat the social and financial exclusion experienced by the most disadvantaged members of society. Accor SA is publicly listed on the Euronext Paris Stock Exchange (ISIN code: FR0000120404) and on the OTC Market (Ticker: ACRFY) in the United States.For more information or to make a reservation, please visit accorhotels.group or accorhotels.com. Or join and follow us on Twitter and Facebook.Source = AccorHotels and sbelast_img read more

Outrigger Fiji Beach Resort Wins Major Categories

Outrigger Fiji Beach Resort Wins Major Categories

first_imgOutrigger Fiji Beach Resort Wins Major CategoriesOutrigger Fiji Beach Resort Wins Major Categories at 2018 Moffat Fiji National Salon Culinaire AwardsOutrigger Fiji Beach Resort’s Navneet Reddy has been named 2018 Moffat Salon Culinaire Chef of the Year.The Outrigger Fiji team won 8 gold medals, 13 silver and 3 bronze taking the medal tally to 24 over the four-day event.Starting as a trainee chef in 2009, Navneet won Junior Chef of the Year during the 2013 Moffat Salon Culinaire and is currently the resort’s Junior Sous Chef.He is in charge of the resort’s busiest restaurant, the Sundowner Bar and Grill, which is renowned for its extensive grill menu featuring Cape Grim beef from Tasmania, local seafood and woodfired pizzas.“When I was a small kid, I was motivated by watching my father, who was an executive chef before he retired,” Navneet said.“I learnt that to be a good chef and bring food to life, it has to come from the heart,” he said.The Moffat Salon Culinaire Pastry Chef of the Year award was won by Outrigger Fiji Beach Resort’s Vikash Chetty.“I started my career as a kitchen hand without any qualifications,” he said. “For a year I cleaned pots, plates and cutlery and the other chefs used to encourage me to study.” “For me, this competition is not about winning or losing, it’s about learning.”“My father had a sugarcane farm but then went on to become a chef and I thank him for inspiring and encouraging me to join the hotel industry,” he said.Reema Singh, the resort’s pastry demi chef de partie, was named First Runner-Up in the contest for Pastry Chef of the Year while colleague Shaneel Naidu won the award for First Runner-Up for the title of Junior Chef of the Year.The awards attracted more than 300 competitors from all over Fiji and were presided over by three international judges including an international chief judge.Outrigger Fiji Beach Resort’s executive chef, Shailesh Naidu, said the resort’s performance was a pleasing result from a very young team.“The team delivered outstanding results and the comments from Judges were phenomenal. This year’s benchmark has been raised by the Outrigger chefs in all the major categories,” he said.Navneet and Vikash will now represent Fiji at the 2019 Global Chefs semifinal in Melbourne. Source = Outrigger Fiji Beach Resortlast_img read more

International arrivals into Asia Pacific continue to register growth

International arrivals into Asia Pacific continue to register growth

first_imgInternational arrivals into the Asia Pacific region continued the strong growth momentum of previous years with a gain of 5.4% during the first half-year of 2015, resulting in close to 12.5 million additional arrivals year-on-year. This continues the full year growth of 6.1% during calendar year 2014, which culminated in a total foreign inbound volume of more than 550 million.These are some of the top-level findings contained within the Annual Tourism Monitor 2015 Final Edition released by the Pacific Asia Travel Association (PATA). Following the release of the Early Edition in May this year, the Final Edition includes a number of other measures of travel activity and profiles including length of stay, expenditure and several other useful quantitative metrics.Early indicators of travel flows for calendar year 2015 (year-to-date) are also provided for 39 Asia Pacific destinations as an early warning mechanism for identifying major shifts and movements in key source and destination markets.Highlights of the Annual Tourism Monitor 2015 Final Edition include:> International Visitors arrivals to the Asia Pacific region – as defined by the 45 destinations covered in this report – have collectively shown significant growth over the last five years rising from almost 455 million in 2010 to over 552 million in 2014.> Asia continued its dominance in 2014, capturing more than 410 million foreign arrivals – a relative share of more than 74% – led by Northeast Asia with a share of 47% of total international arrivals into Asia Pacific.> China, Hong Kong SAR and the USA were the top three generating markets for all international arrivals within the Asia Pacific region in 2014, although there were significant deviations in that grouping from sub-region to sub-region.> For early 2015, the 39 destinations in the Asia Pacific region with arrivals data for early 2015 show a collective gain of 5.4% year on year, compared to growth of five percent for the same destinations and periods of 2014.> The Americas region is showing the strongest 2015 period growth (6.8%) year on year, followed by the Pacific (6.3%) and then Asia (5.0%).> Early 2015 indictors for the key source market show that Thailand, Hong Kong SAR and Japan captured more than 4.1 million additional arrivals from China, period over period in 2015.> The impact of the contraction in the Russian outbound market is also considered in light of destinations across the Asia Pacific region in early 2015, with Thailand, Turkey and China being particularly negatively affected.“Understanding the immediate impacts of changes in the foreign inbound markets allows us to contain the negative consequences and boost the positive. This Final Edition of the 2015 PATA Annual Tourism Monitor therefore provides an important first step in quantifying these changes and allowing us to make resource deployment decisions based on those quantification metrics,” said PATA CEO Mario Hardy. “Our publications along with PATAmPOWER are valuable tools for those planning and making important decisions in allocating their resources for the future.”last_img read more

Thrillophilia introduces all new GoPro Passport Program

Thrillophilia introduces all new GoPro Passport Program

first_imgThrillophilia launched the GoPro Passport Program, a year-long programme that aims to harness the potential of offbeat travel in India and building distinctness in this sector.Thrillophilia’s union with the Passport Program gives GoPro users access to some of the most unique and offbeat experiences on their website, which the travellers can best document on their very own GoPro HERO7. The motto of the programme is ‘If Travelling and Documenting your Travel Experience is your Passion then you’ve found The Perfect Passport!’Powered by Thrillophilia, the GoPro Passport Program entitles the users of HERO7 to sign-up and start the adventure of clicking. HERO7 users can sign-up with their camera’s serial number or GoPro ID to get a virtual passport, and begin their journey of travel and documenting.Every activity booked will earn the users rewards. This includes a scoring system, Thrillcash and Thrillcash+, profile badges and GoPro passport stamps. Alongside this, the participants will get exclusive discounts on booking with Thrillophilia.last_img read more

Jet Airways announces codeshare with Flynas

Jet Airways announces codeshare with Flynas

first_imgJet Airways and flynas, Saudi Arabia’s first budget airline, have entered into an extensive codeshare partnership to enhance connectivity between India and Saudi Arabia.As part of the agreement, Jet Airways will place its marketing code ‘9W’ on flynas flights between the gateway cities of Dammam, Jeddah and Riyadh, thus providing its guests travelling from India the ability to travel in to Saudi Arabia via one point and depart from another. Jet Airways will also be placing its code via Dammam, Jeddah and Riyadh to the Saudi Arabian cities of Medina which is the holiest city in Islam, as well as port city of Gizan, the agriculturally rich city of Gassim, the unofficial summer capital city of Taif and the popular tourist destination Abha, thus extending our reach into Saudi Arabia.In turn, flynas will be able to offer its guests access in to India by placing its marketing code ‘XY’ on Jet Airways’ international flights connecting Jeddah to Mumbai, Riyadh to Mumbai and Delhi as well as Dammam to Mumbai and Delhi. In addition to these international routes, flynas will also place its marketing code on certain destinations on the Jet Airways domestic network, via Mumbai to Delhi, Kochi, Bengaluru, Hyderabad, and Lucknow as well as via Delhi to Bengaluru, Lucknow, Chennai, and Kochi.Marnix Fruitema, Executive Vice President – Commercial, Jet Airways said, “Saudi Arabia is the second largest international travel market to/from India with almost six million passengers travelling between both countries annually for religious tourism, business as well as leisure. Our codeshare agreement with flynas reflects our continuing commitment to offer our guests the best possible connections to more and more destinations around the world and we are delighted to partner with flynas to offer guests of both the airlines wider network access and a seamless travel experience across the networks of both carriers.Bander Al-Mohanna, CEO, flynas stated, “This partnership is an important step in-line with flynas’ expansion and development strategy. Through such agreements we aim to offer a continually improved service to our passengers by adding more travel routes and expanding our reach regionally and internationally, in particular to key markets such as India. We are certain this partnership will support our efforts and enable us to upscale the quality and convenience required to meet and even surpass our passengers’ demands and expectations.”Flights under this agreement are now open for sale, for travel effective December 11, 2018.last_img read more

Refi Boom Set to Fuel 200B More Originations in 2012

Refi Boom Set to Fuel 200B More Originations in 2012

first_img in Data, Government, Origination, Servicing Agents & Brokers Debt Crisis Euro European Union HARP Housing Affordability Investors Lenders & Servicers Loan-to-Value Ratio Mortgage Applications Mortgage Bankers Association Mortgage Rates Processing Refinance Service Providers Treasury Department Treasury Yields 2012-05-24 Ryan Schuette A surge in refinance applications could propel mortgage originations by more than $200 billion in 2012, increasing to $1.28 trillion, according to the “”Mortgage Bankers Association””:http://www.mbaa.org/default.htm (MBA).[IMAGE]The trade group attributed estimates ├â┬ó├óÔÇÜ┬¼├óÔé¼┼ô upwardly revised from $1.26 trillion in 2011 ├â┬ó├óÔÇÜ┬¼├óÔé¼┼ô to account for a refinance boom sparked by the crises in debt-saddled Europe.””Scenarios we have consistently highlighted that could drive rates down and refis up have materialized, primarily due to market turmoil in Europe,”” “”Mike Fratantoni””:http://www.mbaa.org/files/SpeakersBureau/FrantantoniM.pdf, MBA’s VP of research and economics, said in a statement. “”Deterioration of the debt situation in Spain and Greece and a new regime in France that is a weaker proponent of European austerity, along with slower economic growth globally, have driven the US Ten Year Treasury yield down,”” he added. “”Thus, we are projecting lower U.S. mortgage rates for the rest of the year and raising our refinance forecast as a result.””The MBA said that it expected refinance originations would amount to $870 billion this year, an amount nearly identical to forecasts from last year. The trade group lowered purchase originations from $415 billion to $409 billion.Fratantoni said that the increase in refinance estimates is “”largely independent”” of modifications to the Home Affordable Refinance Program.””We factored HARP lending of roughly $100 billion in both 2012 and 2013 into our April forecast, and the HARP share of refinance activity has remained relatively constant over recent months,”” he said. “”However, mortgage rates below four percent and regular media coverage showcasing ├â┬ó├óÔÇÜ┬¼├ï┼ôrecord low mortgage rates’ provide sufficient incentive and impetus for borrowers to examine their current rate.””Europe continues to titter as tough austerity measures and low growth rates force seasoned parties out of office in several countries.The crisis in Europe in turn feeds low interest rates by stoking a flight by investors to the safe haven of U.S. Treasury bonds, whose yields fall accordingly, keeping mortgage rates low. Refi Boom Set to Fuel $200B More Originations in 2012center_img Share May 24, 2012 382 Views last_img read more

Housing Demand Slips in the Midst of Low Supply

Housing Demand Slips in the Midst of Low Supply

first_img in Daily Dose, Data, Headlines, Market Studies, News Demand Redfin Supply 2016-06-02 Staff Writer June 2, 2016 638 Views Sharecenter_img Housing Demand Slips in the Midst of Low Supply With fewer homes for sale on the market over the past year, housing demand had no choice but to follow suit and take a tumble as well, according to Redfin’s Housing Demand Index.The index, which is the first and only measure of homebuyer activity prior to purchase, and is based on millions of visits to Redfin.com home-listing pages and thousands of Redfin customers requesting tours and writing offers in 15 major metro areas, decreased 4.9 percent to 118 in April, the fifth consecutive month of year-over-year declines, Redfin reported.Demand appeared to high in the early stages, with the number of Redfin customers requesting tours up 19.8 percent year-over-year, up from the 17.7 percent increase recorded in March. It was later in the process where demand experienced a downturn, with a 6.7 percent year-over-year drop in the number of customers writing offers in April.”Timing is everything in today’s market,” said Nela Richardson, Redfin Chief Economist. “Even though it’s a seller’s market, a lot of sellers are also buyers who are risk averse as they confront an inventory drought while finding their next home. As sellers, they’re often taking the sure bet over the highest offer, whether it’s all cash or a lender guaranteeing a quick close. Only people with time wrangle up the price.”Home prices were up 5 percent in April compared to a year ago as sales grew 1.3 percent across the 15 metro areas measured by the Demand Index. Redfin reported that April marks a year of consistently falling inventory as the total number of homes for sale fell 2.2 percent. In addition, new listings were mostly flat, down 0.3 percent from last year.The report also showed that 63 percent of offers Redfin agents wrote faced bidding wars last month. This number aligned exactly with last year’s frequency. On the other hand, 29.6 percent of homes sold for more than their asking price, the highest level recorded since August 2013.Typically, homes stayed on the market for just 17 days, four days fewer than last year. Homes in Denver, the fastest market, went under contract in a median five days. In Portland and Seattle, buyers had just a little more time as the typical home took a week to sell.”Even with fewer buyers making offers than last year, the persistent depletion of supply made the market extremely competitive for those who bid on homes,” Redfin said.last_img read more

Fannie Mae Appoints New Chief Audit Executive

Fannie Mae Appoints New Chief Audit Executive

first_img June 15, 2016 585 Views Doug WattFannie Mae has appointed J. Douglas Watt as SVP and chief audit executive effective July 11, according to an announcement from Fannie Mae earlier this week.Watt’s 35 years of audit experience include most recently serving as a member of GE Capital’s senior audit leadership team and a member of several key GE Capital Americas management committees, including Operational Risk Management, Enterprise Risk Management, Credit Risk, and Compliance. At GE Capital, Watt was responsible for overseeing the internal auditing of GE Capital’s North American Commercial Lending and Leading businesses and helping with leading the audit function’s critical regulatory initiatives.“Doug has significant audit experience and he will be a great addition to our leadership team. Doug joins us at a time of important change for the company and his experience will be highly valuable as we continue to improve our company and create a strong, sustainable housing finance system,” said Timothy J. Mayopoulos, president and CEO at Fannie Mae.Watt’s positions prior to GE Capital include serving as VP of corporate audit services at Capital One Financial (leading retail bank and commercial bank audit programs); partner in the banking and capital markets with Pricewaterhouse Coopers LLP.“Doug’s deep background in internal audit, audit risk assessment, and regulatory reform matters will contribute greatly to Fannie Mae’s strong culture of corporate governance and rigorous internal controls,” said Egbert L.J. Perry, chairman of the Board at Fannie Mae.According to Watt, “Fannie Mae is a critically important company that plays an essential role in ensuring that eligible borrowers have access to good mortgage financing so they can buy or rent a home. Fannie Mae is at the center of the housing finance system and I am thrilled to join this great company. I look forward to working with the Board of Directors and the management team to ensure a safe and sustainable housing finance system in this country.” in Featured, News Fannie Mae Appoints New Chief Audit Executivecenter_img Fannie Mae 2016-06-15 Seth Welborn Sharelast_img read more

Home Sales The Surge and the Retreat

Home Sales The Surge and the Retreat

first_img Following February’s surge, March saw a slip in home sales, according to the National Association of Realtors (NAR). NAR reports that total existing-home sales including single-family homes, townhomes, condominiums, and co-ops fell 4.9% from February to a seasonally adjusted annual rate of 5.21 million in March. Sales as a whole were down 5.4% year over year.“It is not surprising to see a retreat after a powerful surge in sales in the prior month,” NAR Chief Economist Lawrence Yun said. “Still, current sales activity is underperforming in relation to the strength in the jobs markets. The impact of lower mortgage rates has not yet been fully realized.”Despite the decline in sales, inventory jumped slightly in March month-over-month, up to 1.68 million from February’s 1.63 million existing homes available for sale, a 2.4% increase year-over-year.“Further increases in inventory are highly desirable to keep home prices in check,” Yun said. “The sustained steady gains in home sales can occur when home price appreciation grows at roughly the same pace as wage growth.”According to realtor.com Chief Economist Danielle Hale, this year’s momentum shows promise.”January pending home sales led to strong February existing home sales but that momentum slipped in March with sales down 4.9% from revised February figures and down 5.1% from last March. Prices showed continued gains, but lost some ground registering up 3.8% from a year ago compared with 3.9% last month,” Hale said. “Even if home sales lose some momentum month to month, they will likely be able to better keep pace with last year’s sales in the months ahead as a result of increased buyer purchasing power from lower mortgage rates. In fact, the year over year sales decline abated from 7.5 percent in the fourth quarter to 5.4 percent in the first quarter.”NAR notes that homes stayed on the market for an average of 36 days in March, down from 44 days in February, but up from 30 days year over year. Existing-homes NAR sales 2019-04-22 Seth Welborn Share Home Sales: The Surge and the Retreatcenter_img in Daily Dose, Data, Featured, News April 22, 2019 1,284 Views last_img read more

Club Med hosted 21 top agents across a four day VI

Club Med hosted 21 top agents across a four day VI

first_imgClub Med hosted 21 top agents across a four day VIP event at Club Med Bintan Island in Indonesia last week. The agents were celebrated for their sales success, and five top agencies were also recognised and awarded for their ‘extraordinary and ongoing’ support of Club Med.Award winners2017 Top Sales – Office: GLOBENET2017 Top Sales – Individual Consultant: SANDY CHITTOCK – AMITY TRAVEL2017 Highest Growth – Snow: SNOWSCENE2017 Highest Growth – Sun: HELLOWORLD GARDEN CITY BOORAGOON2017 Highest Growth – Premium Resorts: CITY BEACH TRAVELClub Med also took the opportunity to recap all of the upcoming resort openings and renovations including the much-anticipated Tomamu ski resort in Japan opening in December 2017, and Cefalu sun resort in Sicily opening in June 2018. Travel Agents can access Club Med sales tools and marketing resources from the Club Med Travel Agent Portal (AU) agenciesagentsClub MedEvent & Famil photoslast_img read more

NFL roster cuts are ongoing and there are two ava

first_imgNFL roster cuts are on-going and there are two available players that could benefit the Arizona Cardinals.Former Chicago Bears running back Chester Taylor was cut by the Bears, according to his agent. The Cardinals need a running back, Taylor needs a team — a match made in football heaven?The Cards looks to be set on Beanie Wells as their number one running back, but Taylor’s pass blocking and third down running ability would be a good fit for a team who is now a running back short after the season-ending injury to rookie Ryan Williams. D-backs president Derrick Hall: Franchise ‘still focused on Arizona’ Taylor may also be eager to take a short-term contract for less pay in order to get reps. After all, the 32-year-old Taylor isn’t getting any younger.While the Cardinals may be enjoying solid competition at the wide receiver position, they still do not have a true number two. Brandon Tate may be the solution to that problem.The former New England Patriots wide receiver was cut Saturday and the Cards would do well to at lease give his agent a phone call. While Tate is not a fantasy draft’s dream, his consistent catches for high yardage could make him enough of a threat to draw attention away from Larry Fitzgerald.While Taylor and Tate are obviously not the only choices available to the Cards, they are two players who would fit well in the desert, so long as they would accept a back-up and number two role, respectively. Cardinals expect improving Murphy to contribute right away 0 Comments   Share   center_img What an MLB source said about the D-backs’ trade haul for Greinke Nevada officials reach out to D-backs on potential relocation Top Stories last_img read more

Williams who ran for 164 yards on 58 carries last

Williams who ran for 164 yards on 58 carries last

first_imgWilliams, who ran for 164 yards on 58 carries last season, said he’s at a point in his rehab where he’s doing things he could not even do during the season. The former Virginia Tech star said he feels good right now, to the point where he says if he felt the way he does now during the season, he would have played “a good 50 percent better than I did.”“Rehab is going well, the strengthening part is going well, everything is going well,” he said. “My stars are aligned right now so things are really looking good, and I’m anxious and excited to get back out there.” The 5: Takeaways from the Coyotes’ introduction of Alex Meruelo Derrick Hall satisfied with D-backs’ buying and selling Former Cardinals kicker Phil Dawson retires Your browser does not support the audio element. Grace expects Greinke trade to have emotional impactcenter_img Comments   Share   LISTEN: Ryan Williams, AZ Cardinals running back Ryan Williams has played in five games since being selected in the second round of the 2011 NFL Draft.That’s five games in two years. Williams suffered a torn patella tendon in a preseason game in 2011, and then needed season-ending shoulder surgery after a Week 5 loss to the Rams in 2012. Still, the young player’s confidence is hardly shaken.“I’m very confident, very confident,” Williams told Arizona Sports 620’s Doug and Wolf Monday. “As far as coming back, as far as being that playmaker that they brought me here to be, with everything I’m very confident.” Top Stories last_img read more

Former Cardinals kicker Phil Dawson retires

Former Cardinals kicker Phil Dawson retires

first_img Former Cardinals kicker Phil Dawson retires Comments   Share   Grace expects Greinke trade to have emotional impact The 5: Takeaways from the Coyotes’ introduction of Alex Meruelo It’s a role he hopes to play again with Arizona in 2014.Although the San Mateo, Calif. native is not the most boisterous of characters, he was candid in regards to the fact that he takes his right guard competition with second-year pro Earl Watford very seriously.“I take a lot of pride in that,” said Fanaika. “It’s my job. I want to keep it. I want to be the best at my job. I definitely have that attitude that it’s mine to lose.”In his eyes, his experience battling in the trenches during the Cardinals’ 10-6 campaign can’t hurt his case, either.“It definitely feels good to have a year of experience in the system,” said Fanaika. “You start to understand it better. You see things develop a lot faster. It allows you to play faster and smarter.”center_img Derrick Hall satisfied with D-backs’ buying and selling At age 28, Paul Fanaika admits he’s a simple man.“Work, family and football,” said Fanaika when asked Saturday what he enjoys doing.Last season must have been a very fulfilling one for the former ASU standout then, as he started all 16 games at right guard for the Arizona Cardinals after spending parts of three seasons on the practice squads of the Cleveland Browns, Philadelphia Eagles, Seattle Seahawks and Washington Redskins. Top Stories last_img read more

The 5 Takeaways from the Coyotes introduction of

The 5 Takeaways from the Coyotes introduction of

first_img The 5: Takeaways from the Coyotes’ introduction of Alex Meruelo It’s easy to confuse Arizona Cardinals wide receiver Jaron Brown with his counterpart John Brown. After all, they share the same last name, play the same position and wear jersey numbers one digit apart. After catching the game-winning touchdown pass against the Kansas City Chiefs, Jaron’s time in the spotlight should help ensure the confusion stops.The Cardinals mustered only one touchdown in Sunday’s game, but is was just enough to pull out a 17-14 victory. Former Cardinals kicker Phil Dawson retires Top Stories Derrick Hall satisfied with D-backs’ buying and sellingcenter_img Up until Brown’s 26-yard TD reception, Arizona’s offense consisted of only three field goals. It appeared the Cardinals would have to settle for yet another three-point attempt as they faced a third and 18 deep in Kansas City territory. Arizona spread out the Chiefs, going five-wide, and relied on quarterback Drew Stanton to get the ball off quickly. Matched up one-on-one with safety Ron Parker, Brown flew by the defensive back, who tried to press Brown at the line of scrimmage and missed, and another Chiefs safety late to help. Stanton lobbed the ball up and right into the hands of an awaiting Brown, who found the endzone for the second time this season.The Cardinals successfully converted the two-point try and went up 17-14 on Kansas City with 3:26 remaining in the third quarter. The score held throughout the remainder of the game en route to Arizona’s 10th victory of the season. Brown had just one other catch in the game, a 22-yard reception late in the second quarter. Through 13 games this season, Brown has 21 receptions for 223 yards. – / 43 Grace expects Greinke trade to have emotional impact Comments   Share   last_img read more

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first_img Comments   Share   Derrick Hall satisfied with D-backs’ buying and selling “Not just speed and strength, but they’ve been also helping me with my flexibility as well,” he said, referring to Cardinals strength and conditioning coach Buddy Morris and his assistant Roger Kingdom, a two-time Olympic Gold Medalist. “That’s one thing that they looked at me and they saw that I was a little bit stiff. Buddy and Roger have been doing a tremendous job. So far just the one week that I’ve been here they’re already working on my flexibility, so hopefully we can see that in some of my game as well.”Flexibility is something Jones said he’s worked on before, but the Cardinals’ program is different “as far as in a different way” than he’s done in the past.Morris explained.“Remember this, I don’t care how strong you get if you can’t move, you can’t help us. Really the foundation of our program is securing biomechanical efficiency and periods of fatigue and making sure our athletes are able to move,” he said. “We’re not a bunch of powerlifters, we’re not Olympic lifters or bodybuilders, we’re athletes, and the greatest commonality amongst all great athletes is movement and that’s what we’re working on.”Getting Jones moving better, perhaps even quicker off the line of scrimmage, is expected to help Jones transition easier from defensive end (where he played with the Patriots) to outside linebacker, where the Cardinals plan to put the 6-foot-5, 265-pound former first-round draft pick. Grace expects Greinke trade to have emotional impact “It’s something not as new to me, but there’s some new things that I’ll have to get familiar with and I’m excited about the challenge,” he said.Jones, 26, called standing near the line of scrimmage “not foreign to me” but he spent much of his first four seasons in the league with his hand in the dirt.“Standing up you have a lot of limitations, but you also have advantages,” he said. “It’s very, I would say, advantageous that you can stand up because you can see over the offensive line. You can see the different sets that the backfield are giving you. I like standing up, I do.”Last season, Jones finished fifth in the NFL with 12.5 sacks, earning himself his first-ever Pro Bowl nod.Pass rush was the Cardinals’ top priority this offseason, and they parted with a 2016 second-round pick and guard Jonathan Cooper to acquire Jones’ services; perhaps providing them with that missing piece to vault the team past the NFC Championship Game and into the Super Bowl.“Any team, out of all 32 teams in the NFL, I feel like your goal should be winning the Super Bowl; if not then you shouldn’t be playing,” Jones said. “The Cardinals had a chance last year and hopefully with the addition of me and the other guys that maybe we can take it there.” Former Cardinals kicker Phil Dawson retires The 5: Takeaways from the Coyotes’ introduction of Alex Meruelo Top Stories TEMPE – How much better new Arizona Cardinals linebacker Chandler Jones can perform in 2016 is unknown.But he’s going to give it a try.And that work begins now.Monday, in fact.The Cardinals began their offseason strength and conditioning program and Jones was among the players — remember it’s voluntary — at the facility for day one of a scheduled two weeks.Stretching and weightlifting were followed by agility exercises out on the practice fields; the latter of which Jones, acquired last month from New England, is most focused on here in what the NFL calls Phase 1 of its offseason work.last_img read more

Former Cardinals kicker Phil Dawson retires

Former Cardinals kicker Phil Dawson retires

first_img Former Cardinals kicker Phil Dawson retires 28 Comments   Share   Top Stories The 5: Takeaways from the Coyotes’ introduction of Alex Meruelo Ohio State defensive lineman Nick Bosa runs a drill during the NFL football scouting combine, Sunday, March 3, 2019, in Indianapolis. (AP Photo/Darron Cummings) Grace expects Greinke trade to have emotional impact Derrick Hall satisfied with D-backs’ buying and selling The Arizona Cardinals are reportedly meeting with potential No. 1 overall pick and former Ohio State defensive end Nick Bosa on Friday, according to ESPN’s Adam Schefter.The Cardinals reportedly met with former Oklahoma quarterback Kyler Murray earlier in the month on the campus of his old school.After Bosa was the predominant favorite to go to the Cardinals at No. 1 in mock drafts prior to March, Murray has now become the overwhelming top name mocked to the top spot. At the NFL Combine, Bosa told media that the Cardinals would be making a “big mistake” passing on him with the first selection.Related LinksESPN names Alford signing as Cards’ most impactful offseason moveCardinals have the most defensive production to replace in NFLList of former Cardinals players Arians, Bettcher brought to new teamsThe Cardinals, who selected quarterback Josh Rosen No. 10 overall a year ago, hired head coach Kliff Kingsbury this offseason before old videos surfaced of the former Texas Tech coach offering high praise for Murray.When asked more recently, Kingsbury clarified his comments on a former opponent.“I get we have the first pick and there’s going to be a million scenarios over the next three months that are going to come up,” Kingsbury said. “No — Josh is our guy. Kyler is a tremendous player. I said that, was being very complementary before playing an opponent. I understand the soundbite.”Bosa played in three games for the Buckeyes in his junior season after suffering a core injury.In 2017, a full sophomore season, Bosa recorded 34 tackles, 16.0 for loss, to go with 8.5 sacks, two passes defensed and a forced fumble.Bosa has a connection to the Cardinals new linebackers coach Bill Davis, who coached the position for the last two years at Ohio State.last_img read more

Go back to the enewsletter To celebrate Anantara

first_imgGo back to the e-newsletterTo celebrate Anantara’s 15th anniversary this year, 15 lucky competition winners will experience their Anantara Dream Journey, simply by sharing their travel dreams.A decade and a half ago in 2001, Anantara Hotels, Resorts & Spas brought a new kind of luxury discovery to Thailand. Anantara’s journey has continued across Asia, the Indian Ocean, the Middle East and most recently Africa, and now boasts 35 unique hotels and resorts across 11 countries. Evolving to meet the needs of new explorers, in 2016 Anantara proudly offers authentic luxury that excites, in some of the world’s most incredible destinations.Wherever travellers dream of, Anantara’s well-located hotels and resorts ignite the joy of travel with passion and plenty of inspiration. Families can delight in natural encounters with majestic elephants in the fabled Golden Triangle in Thailand. Thrill seekers can go dune boarding on a remote African island. A calling for beautiful wellness is answered in an Ayurvedic spa retreat in Sri Lanka. The fantasy of private dining on a deserted sandbank comes to life in the Maldives. Desires for city getaways are fulfilled in the excitement of Bangkok’s street life, and the shopping Mecca of Dubai. While a trip to Cambodia’s magnificent Angkor Wat ticks a box on the bucket list of world wonders.Celebrating 15 years of inspirational travel stories, Anantara is inviting modern globetrotters to live out their own travel dreams. Starting on 6 June 2016, Anantara is giving away one Anantara Dream Journey every week for 15 weeks.For the chance to win one of these extraordinary journeys, travellers simply have to visit www.anantaradreamjourneys.com and describe why they are dreaming of a highlighted destination each week. In weeks one to 14, Anantara is giving away stays of three days or more in some of the most sought-after hotels and resorts in their luxury portfolio. In the final week the competition hots up, with the chance to win the grand prize of a multi-destination journey in Thailand including international flights with Emirates and domestic flights with Bangkok Air, along with additional exclusive indulgences.Go back to the e-newsletterlast_img read more

Go back to the enewsletter All Nippon Airways ANA

first_imgGo back to the enewsletterAll Nippon Airways (ANA) has renewed its wine line-up and added new Japanese sakes to its in-flight menu selection, enhancing the carrier’s award-winning wine menu.Approximately 2,800 wines from 18 different countries were reviewed, and 30 experts from around the world came together in a blind taste-test to taste around 200 wines.Two sommeliers who joined ANA’s connoisseur program last year – Olivier Poussier, named the Best Sommelier in the World in 2000, and Satoru Mori, the Executive Sommelier of Conrad Tokyo – participated in the selection process. They were joined by ANA chefs, staff and flight attendants with sommelier qualifications.At the blind taste-testing, 54 (28 inflight/26 lounges) wines were eventually selected from a variety of regions, including Japan, Europe, North and South America, Oceania and South Africa. ANA’s own original blended wines will also be offered in ANA International First Class, Premium Economy and Economy Class. Further, it will also start providing champagne on Japan domestic Premium Class.All Nippon Airways’ new First Class wine rangeAll Nippon Airways’ new Business Class wine rangeFrench wines dominate the menu, but among the range is the home-grown drop from Margaret River in Western Australia: Vasse Felix Sauvignon Blanc Semillon 2016, served in International First-Class cabin. View the complete range here.“Our wide selection of fine wines meets and surpasses our customers’ needs and complements our inflight meal options,” said Yutaka Ito, Executive Vice President of ANA.Passengers are able to enjoy award-winning wines such as Champagne Krug 2004, first-place winner in the Champagne and Sparkling Wines International First Class category; the Nielson by Byron Santa Barbara County Chardonnay 2015, third place in White Wines International First Class; Chassagne-Montrachet 1er cru “Morgeot” Maison Louis Latour 2015, second place in Red Wines International First Class; and the Champagne Duval-Leroy Brut Réserve, the third place in Champagnes International Business Class.All Nippon Airways’ sommeliersNot only the wine selection was enhanced but also the sake menu, which will see the addition of Aramasa No. 6 ANA-type Junmai Namazake (Unpasteurized Sake) to the First-Class menu and Noguchi Naohiko Sake Institute “Yamahai Ginjo” in Business Class offerings from September.Also available in September will be ANA original blend wine made by Olivier Poussier and Satoru Mori, to be found in ANA First Class, Premium Economy and Economy Class.Go back to the enewsletterlast_img read more