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No surprises: New York, London and Tokyo top the list of world’s 15 richest cities

April 20, 2019 by Forimmediaterelease

Boston, Calgary, Perth and Macau – all associated with material wealth – have failed to make this list of the 15 richest cities in the world, compiled by market research firm New World Wealth.

The data gathered by the researchers reflects the total amount of private wealth held by all the individuals living in each of the cities on the list. Unlike traditional ratings, this top 15 is not based on Gross Domestic Product (GDP), but reflects analysis that covers all assets, such as property, cash, equities and business interests, excluding liabilities. Government funds are included.

1. New York City – $3 trillion

2. London – $2.7 trillion

3. Tokyo – $2.5 trillion

4. San Francisco Bay Area – 2.3 trillion

5. Beijing – $2.2 trillion

6. Shanghai – $2 trillion

7. Los Angeles – $1.4 trillion

8. Hong Kong – $1.3 trillion

9. Sydney – $1 trillion

10. Singapore – $1 trillion

11. Chicago – $988 billion

12. Mumbai – $950 billion

13. Toronto – $944 billion

14 Frankfurt – $912 billion

15. Paris – $860 billion

According to New World Wealth, wealth is a measure that differs from a GDP indicator, which is another common metric used to gauge economic power. The research firm revealed that Houston, Geneva, Osaka, Seoul, Shenzhen, Melbourne, Zurich and Dallas had just missed out on the top 15.

Travel News | eTurboNews

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Summer Schedule 2019: Frankfurt Airport puts spring in its step

March 26, 2019 by Forimmediaterelease

New flight schedule to take effect on March 31 – Total flights expanding moderately

Frankfurt Airport (FRA) continues to strengthen its status as Germany’s leading international aviation hub. Starting on March 31, travelers will be able to fly from Frankfurt to a total of 306 destinations in 98 countries.

In this year’s summer season, the number of flights will increase moderately (by more than one percent) compared to last year. Seat capacity will also grow by between one and two percent.

European, domestic German and especially intercontinental flight offerings will all expand. A rise of between 1.5 and two percent of aircraft movements is expected in the intercontinental category, with seat capacity increasing by 1.5 to 2.5 percent.

 New long-haul destinations

United Airlines will introduce daily services to Denver (DEN) in early May. Lufthansa will also offer a once-daily flight to DEN, while adding Austin (AUS), Texas as a new destination in North America. Cathay Pacific is increasing the frequency on its Frankfurt-Hong Kong (HKG) route, thus bringing the total to three services a week. Qatar Airways will offer more seats on one of its two daily flights to Doha (DOH), which will now be operated by an Airbus A380.

The intercontinental connections available from Frankfurt are marked by an impressive diversity, serving a total of 137 destinations. Lufthansa is continuing the new services introduced last winter to Cancún (CUN) in Mexico and Agadir (AGA) in Morocco. Condor will retain its flights to Kuala Lumpur (KUL) in Malaysia while stepping up the frequency to Phoenix (PHX) in the U.S., Calgary (YYC) in Canada, and Mombasa (MBA) in Kenya. Air India will also maintain its Frankfurt-Mumbai (BOM) route.

More connections to Turkey from FRA

Holidaymakers who wish to spend their vacation in Turkey have quite a few options to choose from: 11 airlines will now fly from FRA to a total of 15 destinations in that country, 15 percent more than before. They include a new service to Bodrum (BJV) by Lufthansa, which is also adding two other European holiday destinations: Heraklion (HER) in Greece and Tivat (TIV) in Montenegro.

Lufthansa will also continue flying to the new destinations it inaugurated last winter. Among them are Thessaloniki (SKG) in Greece, Trieste (TRS) in Italy, and Tromsø (TOS) in Norway. The airline is also adding more frequencies to Tirana (TIA) in Albania and Sofia (SOF) in Bulgaria, as well as Palma de Majorca (PMI) and Pamplona (PNA) in Spain. German leisure carrier TUIfly is strengthening its services from Frankfurt to Lamezia Terme (SUF) in Italy, Larnaca (LCA) in Cyprus, and Djerba-Zarzis (DJE) in Tunisia. In late March, Ryanair will add more services to Dublin (DUB), the Irish capital, bringing the total to 12 a week. Altogether, the total number of European destinations served from FRA will climb to 154, and within Germany to 15.

The impact on Frankfurt Airport of recent airline insolvencies is negligible. Flybmi will no longer be serving Bristol (BRS) in the United Kingdom and Jönköping (JKG) and Karlstad (KSD) in Sweden but because the aircraft used on those routes had only limited passenger seating their cancellation is only minimally affecting FRA’s total capacity. Nor are the failures of two other airlines, Germania and Small Planet Germany, having more than a very slight effect on total traffic. 

Good preparation for a positive travel experience

The moderate growth in flight movements is fully in line with the expectations of Fraport, the operator of Frankfurt Airport. To handle the increase, Fraport has been hiring more staff and allotting more space for additional security checks during the summer season. Nevertheless, passengers may still experience processing delays on peak days. They are therefore advised to check in online before leaving home, arrive at the airport at least two and a half hours before departure, and then head immediately for the security checkpoint. Travelers intending to drive to the airport and leave their vehicles there can book parking spaces online in advance. Passengers are also advised to observe the airlines’ rules on cabin luggage. Fraport recommends taking as few carry-on items as possible. Information and pointers on travel and carry-on luggage can be found at www.frankfurt-airport.com.

Travel News | eTurboNews

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World’s largest Residence Inn by Marriott opens in Calgary

March 25, 2019 by Forimmediaterelease

Marriott International, Inc. has announced the opening of Residence Inn Calgary Downtown/Beltline District, the largest property in the brand’s global portfolio. The Residence Inn Calgary marks the 800th hotel for the brand.

Located in one of the city’s most dynamic neighborhoods, the Residence Inn Calgary Downtown/Beltline District was thoughtfully-designed to capture the unconventional charm of the city. Standing 33 stories high, the property features 390 well-appointed spacious suites, offering unbeatable views of the city, all while blending comfort and style. Built where the historic Alberta Boot Company once stood, the property stands out within Calgary’s iconic skyline and boasts unique design elements from floor-to-ceiling murals to cowboy boot stitching incorporated into all guestroom bed headboards, paying homage to Calgary’s western history. Steps away from the center of downtown Calgary, the property’s prime location offers guests close access to some of the city’s main attractions, including the Scotiabank Saddledome, Calgary Tower, and Studio Bell.

“Residence Inn Calgary Downtown/Beltline District has been one of our most highly-anticipated launches in Canada as it marks the brand’s largest in the world,” said Janis Milham Senior Vice President and Global Brand Leader Classic Select Brands at Marriott International. “Canada has become a key market for the brand’s continued expansion and we look forward to Residence Inn’s continued growth in the country.”

“Stampede City is the perfect place for Marriott International to debut its 800th Residence Inn hotel, the largest Residence Inn in the world, and a flagship property for the brand, said Don Cleary, President of Marriott International in Canada. “Calgary is a key market for extended-stay travel and we are delighted to launch the city’s third Residence Inn, widening the accommodation options available to business travelers whilst also putting Calgary’s most popular cultural attractions within easy reach of our long-stay leisure guests.”

“We are thrilled to be opening a spectacular new addition to Calgary’s Beltline District,” says Gordon Johnson, Vice-President, Operations for Atlific Hotels, the hotel’s operator. “The Residence Inn Calgary Downtown/Beltline District was envisioned for today’s leisure and business traveler, who is looking to spend quality time in one of Canada’s most vibrant entrepreneurial cities, whether for work or play.”

Travel News | eTurboNews

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