• Home
  • Post a press-release
  • Visibility packages
  • Subscribe email updates
  • Event Calendar
  • Contact

For Immediate Release | Official News Wire for the Travel Industry

Where press releases are breaking news

  • Home
  • Post a press-release
  • Visibility packages
  • Subscribe email updates
  • Event Calendar
  • Contact

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

Share this:

  • Twitter
  • Facebook

Filed Under: Press Release Tagged With: and, Angeles, area, assets, based, Bay, Bay area, Beijing, billion, Boston, Breaking Travel News, Business, business interests, Calgary, cash, Chicago, cities, city, Dallas, Data, domestic, economic, Feature, firm, Francisco, Frankfurt, free, funds, GDP, Geneva, government, gross domestic product, held, Hong, Hong Kong, Houston, in, included, International Travel News, just, Kong, list, Living, London, Los Angeles, Luxury Travel News, Macau, Make, Market, measure, Melbourne, metric, Mumbai, New, new york, New York City, News articles, osaka, out, Paris, Perth, power, private, product, property, ratings, research, researchers, revealed, richest, s, San Francisco, Seoul, Shanghai, Shenzhen, Singapore, Sydney, The World, to, Tokyo, top, Toronto, total, tourism, traditional, Travel Destination News, Travelwire News, trillion, used, wealth, World, World News, York, York City, Zurich

Fly Leasing completes sale of a $295 million portfolio of 12 aircraft

April 18, 2019 by Forimmediaterelease

Fly Leasing Limited announced that it has completed the sale of a portfolio of 12 aircraft for an aggregate price of approximately $295 million. The portfolio was comprised of Airbus A320 and Boeing B737 narrow-body aircraft with an average age of over 10 years.

“This portfolio sale accomplishes several strategic objectives; including generating free cash, reducing leverage, reducing our lessee concentration, and lowering the average age of our fleet,” said Colm Barrington, CEO of FLY. “This is another example of how FLY has consistently sold aircraft from its portfolio at premiums to book value, underscoring the strong value of our fleet.”

Three sales were recognized in the fourth quarter of 2018, eight sales were completed in the first quarter of 2019, and the final sale was completed in April. The sales were at a premium to net book value. FLY will be reporting its first quarter results on May 9th, as previously announced.

Travel News | eTurboNews

Share this:

  • Twitter
  • Facebook

Filed Under: Press Release Tagged With: and, announced, April, average, Aviation News, aviation-website, B737, body, Boeing, book, Breaking Travel News, cash, CEO, Colm Barrington, completed, Corporate News, eight, first, first quarter, fleet, fly by, FLY Leasing Limited, free, in, including, International Travel News, Ireland travel news, IT, Leasing, Leasing Limited, Limited, lowering, May, million, narrow, net, News articles, over, portfolio, premium, price, quarter, reporting, results, said, sale, Sales, sold, strategic, strong, to, Tourism Investment News, Transportation News, Travel Technology News, Travelwire News, value, were, World News, years

No-show clients at Paris restaurants now must pay cancellation cash penalties

April 16, 2019 by Forimmediaterelease

Cafes and restaurants in the French capital have opted to follow the lead of hotels and guest-houses, and start charging their customers with cash penalties for late cancellation of reservations or failing to appear in time.

Hundreds of Paris eateries are currently adopting the system that is widely used in the hotel industry, the Times reports. Restaurants oblige clientele to leave details of their credit cards while making reservations, with big-name places warning customers over a potential charge in case of a no-show.

The measure is reportedly connected to losses the restaurants have to suffer, when people make several reservations for the same day and then cancel at least one of them without warning.

“Even in great restaurants customers cancel without having the slightest idea of the economic impact of their action,” the managing director of Les Grandes Tables du Monde, an association of top restaurants Nicolas Chatenier told the media.

Restaurants reportedly have to follow the trend due to French gastronomical habits, in particular fondness for lengthy meals. French cafes cannot allow two bookings for the same table, like restaurants in Britain and the US, as they cannot be sure that the first group will leave before the second one appears.

The financial losses due to no-shows are really significant, accounting for up to 30 percent of the restaurants entire revenue, according to Xavier Zeitoun, founder of a restaurant booking site Zenchef, as cited by the media. The businessman noted that 245 restaurants have adopted the new system so far.

Chatenier said that annual losses of an average Michelin-starred restaurant may total up to €150,000, stressing that one canceled table may wipe out the profits it could make in the evening.

To tackle the problem the Tour d’Argent restaurant has reportedly imposed a cancellation fee of €100 per head at lunchtime and €200 for the dinner service, while the 58 Tour Eiffel restaurant obliges clients who book a table and cancel less than ten days before the meal, to pay €86 per head.

Travel News | eTurboNews

Share this:

  • Twitter
  • Facebook

Filed Under: Press Release Tagged With: and, annual, association, average, big, book, Booking, booking site, bookings, Breaking Travel News, Britain, businessman, cafes, cancel, canceled, cancellation, capital, cards, case, cash, charge, charging, cited, clients, credit, credit cards, Cultural Travel News, currently, customers, day, Days, Dinner, director, due, economic, economic impact, even, failing, far, Feature, fee, financial, financial losses, first, first group, follow, Food Travel News, founder, France Travel News, free, French, Group, habits, head, Hospitality News, hotel, hotel industry, Hotels, houses, impact, in, Industry, International Travel News, IT, late, lead, leave, Les, Les Grandes Tables, less, like, losses, Luxury Travel News, Make, Managing, managing director, May, meal, meals, measure, media, Michelin, name, New, News articles, Nicolas, out, over, Paris, pay, penalties, People, percent, places, potential, problem, profits, reports, reservations, restaurant, restaurants, Revenue, said, second, service, show, shows, significant, site, start, suffer, sure, system, time, times, to, told, top, total, tour, tourism, Travel Destination News, Travelwire News, trend, up, US, used, warning, WHO, World News

Centara Privilege Club: Centara launches all-new exclusive lifestyle benefits program

April 4, 2019 by Forimmediaterelease

Centara Hotels & Resorts, Thailand’s leading hotel operator and one of the region’s most innovative hospitality brands, is launching “Centara Privilege Club”, a brand new benefits program that offers exclusive privileges, discounts and experiences to Centara customers.

Members joining Centara Privilege Club receive exciting lifestyle benefits focused on food and drink, accommodation, spa and more, including attractive guaranteed savings, an available complimentary night’s stay, cash certificates and many other member-only advantages.

“Centara Privilege Club was created to strengthen the loyalty of Centara’s biggest fans and frequent visitors,” said Tom Thrussell, Centara Vice President – Brand, Marketing & Digital. “The program features an array of privileges well suited to our guests’ lifestyles and provides unbeatable dining, drinking, hotel room, spa and other benefits that keep our guests returning again and again”.

Centara Privilege Club is a paid membership program with privileges available at all Centara Hotels and Resorts properties throughout Thailand. Members are guaranteed experiences, savings and recognition, and can use their benefits to host parties of family, friends and colleagues at great value.

Centara launches Centara Privilege Club via a collaboration with Hospitality Marketing Concepts (HMC), the world’s leading provider of paid membership loyalty programs, to create an engaging loyalty program to meet the needs of its operating 33 hotels in Thailand and exceed the expectations of Centara’s prestigious clients.

“Hospitality Marketing Concepts (HMC) is committed to ensuring the new programs’ success while creating an innovative program which complements the ever-growing digital mobile world,” said Mokhtar Ramadan, CEO, Hospitality Marketing Concepts. “Together with Centara Hotels and Resorts, HMC will deliver on our mission to provide world-class loyalty programs to luxury hotel brands around the world. Together with HMC’s new mobile app, members can enjoy the benefits of membership at their fingertips.”

The Centara Privilege Club is technology-driven and features an industry-leading mobile app that lets members redeem digital e-certificates and eliminate outdated paper-based voucher booklets and plastic membership cards. The app also delivers targeted mobile push notifications about hotel promotions based on geo-location, preferences and purchasing behavior. This technology focus is in keeping with both Centara’s focus to meeting the needs of today’s smartphone generation, and its commitment to sustainability and the reduction of paper and plastic usage.

The program is distinct from and complementary to Centara’s CentaraThe1 loyalty program which is free to join and sees members earning points for stays and on-property spend, which can then be redeemed for future stays and a variety of other benefits. The CentaraThe1 program currently has over 3 million members and members can actually use their earned points to purchase a Centara Privilege Club membership.

Learn more about Centara Privilege Club membership benefits and become a member only by visiting https://centaraprivilege.com.

Travel News | eTurboNews

Share this:

  • Twitter
  • Facebook

Filed Under: Press Release Tagged With: amp, and, App, around the world, attractive, based, behavior, benefits, biggest, brand, brands, Breaking Travel News, cards, cash, centara, centara hotels, Centara Hotels and Resorts, Centaras, CEO, Certificates, class, clients, club, collaboration, colleagues, commitment, complimentary, create, created, currently, customers, deliver, digital, dining, discounts, drink, drinking, ensuring, exclusive, expectations, experiences, Family, fans, Features,, food, free, friends, future, Growing, guests, HMC, hospitality, Hospitality News, host, hotel, Hotel brands, hotel operator, hotel promotions, hotel room, Hotel Travel News, Hotels, hotels and resorts, in, including, Industry, innovative, join, joining, keep, launches, launching, leading, leading hotel, learn, Lifestyle, location, loyalty, loyalty program, loyalty programs, Luxury, luxury hotel, Marketing, meet, meeting, member, members, membership, million, mission, mobile, mobile app, Mokhtar Marketing Concepts, most, needs, New, new benefits, new mobile app, new programs, News articles, night, offers, only, Operating, operator, over, paid, parties, plastic, points, preferences, president, prestigious, Privilege Club, Privilege Club membership, privileges, program, programs, promotions, properties, property, provides, purchase, purchasing, push, Ramadan, receive, recognition, redeem, reduction, region, resorts, room, s, said, savings, spa, stay, stays, success, Sustainability, Technology, thailand, Thailand Travel News, The Region, The World, to, today, Travel Destination News, Travelwire News, use, value, variety, vice president, visiting, visitors, World, world-class

Peacock Aviation taking legal action against Gambia carrier

March 29, 2019 by Forimmediaterelease

Nigerian Peacock Aviation company that worked as General Sales Agency (GSA) for the Gambian Mid Africa Aviation Company Ltd. that traded in Nigeria under the name Fly Mid Africa has petitioned the Gambian Government over the non-payment of passengers’ air ticket refunds before it exited Nigeria.

The petition which was dated February 12, 2019 and also copied to the Nigerian High Commission in the Gambia through its legal counsel Abrahams Ayobami  & Co. stated: “We are Solicitors to Peacock Aviation and Allied Services Ltd. [henceforth referred to as ‘Our Client’], a company duly registered under the Laws of the Federal Republic of Nigeria with its registered address situate at No. 19, Mojidi Street, Off Toyin Street, Ikeja, Lagos State, Nigeria and on its instructions and behalf we write you this petition.

“Our client was appointed the General Sales Agent [GSA] of ‘MID AFRICA AVIATION LTD’ trading under the name ‘FLY MID AFRICA’ on 24th April 2017 when the said company commenced its Airline operations in Nigeria.”

According to the counsel, “Our client, among other things was to manage and operate a city office to sell tickets to customers, a task our client was able to achieve within a record time of four weeks of operation.”

The petition stated further that, “Upon commencement of operations of the Airline, the cash sales in our client’s custody was used to take care of operation fees such as Air Landing, Parking Fees, Passengers’ Service Charges, Nigerian Civil Aviation Authority [NCAA] Fees, Catering, and Crew Hotel Accommodations.”

“With the above looking promising, the Airline ran into issues with their flight schedules which led to the cancellation of February and March 2018 flights and finally suspension of operations until further notice.”

While the suspension was still on, the airline got instructions to commence refund of issued tickets to customers which was carried out until exhaustion of all the funds at hand by the GSA according to its counsel.

“Our client then made a request for funds to be released to liquidate the outstanding refunds but same has remained hitherto unmet by the management of Fly Mid Africa Airlines for over one year now.”

The petition also has it that, there is still an outstanding refund of about Eleven million one hundred and fifty six thousand, six hundred and one naira fifty one kobo [₦11,156,601.51] and our client’s unpaid International Air Transport Association [IATA]/Billing Settlement Plan [BSP] Sales Overriding Commission of about Seven Million Naira [₦7,000,000] only with customers showing their grievances in all manners including laying siege to the GSA business premises and disrupting its activities.

Meanwhile, some have even threatened to commence legal actions against it; more so as customers are aware that tickets issued on the IATA BSP platform have been refunded and therefore query the reason for non-payment of their refunds.

Despite several email communications between our client and the said Fly Mid Africa Airline with reconciliation and adjustment of account settled between the parties, still the Airline has refused to release funds to pay innocent travelers their well-deserved refund even after leaving them stranded, disappointed and uncompensated, according to Chief Segun Phillips, Group Executive Chairman, Peacock Travels and Tours Limited.

However, in a bid to settle the matter amicably, the GSA wrote to the Nigerian High Commission in The Gambia to wade into the matter but was referred back to the Gambian Commission in Abuja as the right channel for resolving such issue.

As it stands, there is the total outstanding refund of about Eighteen million one hundred and fifty-six thousand six hundred and one naira fifty-one kobo [₦18,156,601.51] amounting to tickets refunds and GSA unpaid IATA BSP Sales Overriding.

Travel News | eTurboNews

Share this:

  • Twitter
  • Facebook

Filed Under: Press Release Tagged With: amp, and, appointed, April, association, authority, aviation, Aviation News, aviation-website, Aware, bid, Breaking Travel News, BSP, Business, cancellation, carrier, cash, catering, Chairman, Channel, charges, chief, city, civil aviation, civil aviation authority, commence, commission, communications, company, crew, custody, customers, Email, even, executive, federal, fees, flight, flight schedules, flights, fly by, Fly Mid Africa Airlines, funds, Gambia, Gambian, general, General sales agent, Got, government, Group, GSA, hand, high, hotel, hundred, IATA, in, including, instructions, International, International Air Transport Association, issued, issues, IT, Lagos, landing, laws, leaving, LED, legal, legal action, Limited, looking, Manage, management, march, matter, million, name, NCAA, News articles, Nigeria, Nigeria travel news, Nigerian, Non, notice, office, one year, only, operate, operation, operations, out, outstanding, over, parking, parking fees, parties, passengers, pay, payment, Peacock, petition, plan, platform, reason, reconciliation, record, refund, refunds, refused, release, released, remained, republic, request, right, s, said, Sales, sell-off, service, services, settle, settled, settlement, seven, seven million, stands, State, stated, stranded, Street, suspension, taking, task, The Gambia, things, thousand, threatened, through, ticket, tickets, time, to, TO BE, total, Tours, trading, transport, Transportation News, travelers, travels, Travelwire News, unpaid, used, We, weeks, worked, wrote, year

  • 1
  • 2
  • Next Page »

Search




Recent Articles

  • Frankfurt Airport: 2023 Summer Flight Schedule with New Destinations and Increased Seating Capacities
  • Minister Bartlett Welcomes Resurgence of Villas Sub-Sector
  • Tourism Seychelles Principal Secretary shares industry successes at 10th Arab Aviation Summit
  • Speed Networking Events Generate Over $650 Million in Revenue for Small Businesses Supplying Tourism Sector, says Bartlett
  • Enjoying the Suite Life at Sandals Resorts
  • Farmers Reap $108 Million in Revenue in first Two Months of 2023 through Revolutionary ALEX Platform
  • SAUDIA Signs an Agreement with Boeing to Order 49 Boeing 787 Dreamliners
  • Recovery Continues: Fraport’s 2022 Fiscal Year Marked by Strong Demand
  • Fraport Traffic Figures – February 2023: Passenger Growth Remains Strong
  • Seychelles Dazzles Partners at ITB Berlin With Promise of Endless Summer

Subscribe to daily email update

RSS eTN Articles

  • 6.5 Earthquake Strikes Hindu Kush Region in Afghanistan
  • Neom Airlines Will Be Saudi Arabia’s Third Carrier
  • Is Indonesia Ready to Part with Visa and Mastercard?
  • How to care for police uniforms
  • Hotelbeds Records Strong Demand in Greece
  • Avion Express to Lease 4 Aircraft to airBaltic
  • Southwest Airlines Begins Utilizing PRISM
  • Budapest Airport Adds Winter Routes with Wizz Air
  • Radisson Hotel Group Breaks Hotel-Opening Records in Africa
  • Frankfurt Airport: New Destinations, More Seats for Summer 2023

Archives

  • March 2023
  • February 2023
  • January 2023
  • December 2022
  • November 2022
  • October 2022
  • September 2022
  • August 2022
  • July 2022
  • June 2022
  • May 2022
  • April 2022
  • March 2022
  • February 2022
  • January 2022
  • December 2021
  • November 2021
  • October 2021
  • September 2021
  • August 2021
  • July 2021
  • June 2021
  • May 2021
  • April 2021
  • March 2021
  • February 2021
  • January 2021
  • December 2020
  • November 2020
  • October 2020
  • September 2020
  • August 2020
  • July 2020
  • June 2020
  • May 2020
  • April 2020
  • March 2020
  • February 2020
  • January 2020
  • December 2019
  • November 2019
  • October 2019
  • September 2019
  • August 2019
  • July 2019
  • June 2019
  • May 2019
  • April 2019
  • March 2019
  • February 2019
  • January 2019
  • December 2018
  • November 2018
  • October 2018
  • September 2018
  • August 2018
  • July 2018
  • June 2018
  • May 2018
  • April 2018
  • March 2018
  • February 2018
  • January 2018
  • December 2017
  • November 2017
  • October 2017
  • September 2017
  • August 2017
  • July 2017
  • June 2017
  • May 2017
  • April 2017
  • November 2016
  • October 2016
  • August 2016

Content

and Breaking Travel News Business CEO experience first free hotel Hotels in including Industry International International Travel News IT minister most New News articles only over People s said sandals The World through time to TO BE tourism Tours Transportation News Travel Travel & Tourism Organizations News Travel Destination News Travelwire News up We were WHO World World News year years

Copyright © 2023 · Metro Pro on Genesis Framework · WordPress · Log in