The post The most popular cities in the world with best value for a one-night break appeared first on TD (Travel Daily Media) Brand TD.

According to a new study, the cheapest of the world’s top ten most visited cities is Berlin, with a one-night city break costing $266 per person.

Student travel company Rustic Pathways investigated which of the world’s top ten most visited cities are the best value for a one-night stay per person. They did this by examining the median cost of a room in a mid-range hotel, the average price of breakfast, lunch, and dinner at a budget restaurant, the average spend on alcoholic beverages, the average spend on local transport, and the average spend on tips and handouts. A total cost was then calculated, and each city was ranked from the cheapest to the most expensive.

1. Berlin – total cost: $266

The capital of Germany has been named as having the best value for a one-night break out of the world’s most popular cities, with a one-night break costing a total of $266 per person. 

The median cost for one night in a mid-range double-occupancy room is $138, which is the cheapest price compared to the other cities. The cost of meals at a budget restaurant is $56, which is the most expensive on the list. Average local transport costs for a day in Berlin will cost you $19.

2. Madrid – total cost: $298

The Spanish capital is the second most affordable popular city, with a one-night trip costing a total of $298 per person. 

The median cost for one night in a mid-range double-occupancy room is $167, which is the third-cheapest price in the ranking. The cost of breakfast, lunch, and dinner at a budget restaurant is $37, and the average cost of local transport for a day is $20.

3. Tokyo – total cost: $338

The capital of Japan is the third most affordable of the world’s most visited cities, with the cost of a one-night stay per person totalling $338.

The median cost for a double-occupancy room in a mid-range hotel is $155, the second most affordable price on this list. The cost of breakfast, lunch, and dinner in a budget restaurant is $38. Local transport for a day will cost an average of $18, the second cheapest price compared to the other cities.

 

City	Hotel ($)	Transport ($)	Food ($)	Entertainment ($)	Alcohol ($)	Tips and handouts ($)	Total ($)
Berlin	138	19	56	24	27	2	266
Madrid	167	20	37	37	32	5	298
Tokyo	155	18	38	69	50	8	338
Barcelona	208	21	35	36	28	12	340
Amsterdam	221	21	47	40	38	7	374
Rome	192	23	51	39	30	48	383
London	310	32	43	41	29	6	461
Dubai	340	13	56	19	34	3	465
Paris	327	23	45	84	40	38	557
New York	350	49	50	180	44	14	687

 

4. Barcelona – total cost: $340

The popular Spanish city has been named the fourth-best value city, with a one-night break costing a total of $340 per person. 

The median cost for one night in a mid-range double-occupancy room is $208. The cost of a day’s meals at a budget restaurant is $35. Average local transport costs for a day in Barcelona will cost you $21.

5. Amsterdam – total cost: $374

The Netherlands’ capital concludes the top five of the most affordable popular cities, with a one-night trip costing a total of $374 per person. 

The median cost for one night in a mid-range double-occupancy room is $221. The cost of breakfast, lunch, and dinner at a budget restaurant is $47, and the average cost of local transport for a day is $21.

6. Rome – total cost: $383

The capital of Italy is the sixth cheapest most visited city, with a one-night trip costing a total of $383 per person. The city has the third most expensive food, with three meals from a budget restaurant costing $51.

7. London – total cost: $461

London, the capital of the UK, is the seventh cheapest city,  with the cost of a one-night stay totalling $461 per person. London has the third cheapest alcohol, with a person spending an average of $27 on alcohol during a one-night trip.

8. Dubai – total cost: $465

The eighth most affordable popular city is Dubai, with a one-night break costing a total of $465 per person. The UAE city has the second most expensive mid-range double occupancy rooms, with a one-night stay costing $340 on average.

9. Paris – total cost: $557

The French capital takes the penultimate place in the ranking, with a one-night stay costing a total of $557 per person. Paris has the second most expensive entertainment, with an average person spending $84 per day.

10. New York – total cost: $687

NYC rounds out the top ten, with a one-night break costing a total of $687 per person. The Big Apple has the most expensive mid-range double occupancy rooms, with a one-night stay costing $350, and the most expensive entertainment, with an average daily spend per person of $180.

Shayne Fitz-Coy, CEO of Rustic Pathways, commented on the findings:  “With the cost of living having risen dramatically over recent years for many countries, many will still want a holiday abroad, but will be looking to spend less than they usually would. A short-haul city break is a great option for potential holidaymakers who want to visit new places but spend a bit less.

“This study provides a clear insight into the cities that people want to visit, with Europe dominating, and which of these cities are not going to break the bank.

“If someone is looking for a break with plenty of sightseeing, then Dubai is a good option for them, with many of the country’s most popular tourist hotspots being free to the public, such as The Dubai Fountain and Marina Beach. Or if a tourist doesn’t want to overspend on food, then Barcelona is a great option, with the average visitor spending only $35 on food across a one-night break.”

 

 

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The post 34% jump in Americans headed to Europe: Allianz Partners appeared first on TD (Travel Daily Media) Brand TD.

The calendar may say spring, but summer travel is already sizzling with Americans keen to book getaways to the European continent. According to travel insurance provider Allianz Partners’ annual Top 10 Summer European Destinations review, the number of Americans traveling to Europe will increase significantly again, climbing 34% over last year’s popular travel season.

Analyzing flight itineraries* for trips of five to eight days in length between Memorial Day and Labor Day, the travel protection and assistance company confirmed London, England, holds on to the top position with nearly double the bookings of Paris, France (#2). Dublin, Ireland (#3), again rounds out the top three most-popular vacation spots on the continent with the trio hosting a variety of top international sports and music events this year.

For the first time since the survey began in 2015, the spectacular beaches of Nice, France, help it debut a Top 10 recognition as Barcelona, Spain, regains its position (#8) after being bumped last year. Together, they displace Milan, Italy, and Lisbon, Portugal, from the annual rankings. Other perennial favorites jockey for position in the middle of the roster with Edinburgh, Scotland (#4), and Amsterdam, Netherlands (#6), each laddering up two positions respectively. Rome, Italy (#5), slipped one slot while Reykjyavik, Iceland (#7), and Athens, Greece (#9), each fall two positions in 2024.

“Following the pandemic, Europe has been a top summer destination for Americans,” said Daniel Durazo, director of external communications at Allianz Partners USA. “Since transcontinental travel typically requires a more substantial budget to cover the flights, hotels and tours that combine for a memorable trip, the right travel insurance plan becomes even more valuable to protect against covered losses resulting from trip cancellations, interruptions, delays and medical emergencies that are sometimes an unexpected byproduct of vacation planning.”

Allianz Partners offers travel insurance through most major U.S. airlines, leading travel agents, online travel agencies, hotel companies, cruise lines and directly to consumers.

 

 

 

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Source: traveldailymedia

The post Get rolling for the glitz and glamour of the IWTA Awards Gala 2024  appeared first on TD (Travel Daily Media) Brand TD.

With the theme: “Speak Up. Stand Out. Be the Voice that Inspires Inclusion” the highly anticipated Inspiring Women in Travel – Asia (IWTA) Awards 2024 returns to recognize and celebrate women. In their second avatar, IWTA Awards 2024 continue to inspire women at all levels to confidently be seen and heard, while showcasing leading organizations that afford women equal opportunities to grow and succeed in a respectful and safe environment.

The prestigious gala award presentation is set to take place on Saturday 27th April 2024, at the Grand Ballroom, InterContinental Bangkok, Thailand.

Gary Marshall, CEO, Brand TD by Travel Daily Media says: “Following the resounding success of the 2023 edition, we bring you IWTA Awards 2024 yet another unforgettable evening that celebrates and recognises exceptional women in the travel and hospitality industry. The travel industry is evolving, and women are playing an instrumental role in driving this transformation. The IWTA Awards is our way of acknowledging their exceptional achievements and fostering a more inclusive and diverse industry.”

There are more than 150 nominees from across the industry, representing the different sectors: Travel Agent, DMC & Tour Operator; Hotel & Hospitality; Cruise, Car, Rail & Airline and Travel Tech.

Inspiring Women in Travel Asia (IWTA) is a community of individuals, organisations, and companies that support women and promote gender-equal opportunities in and out of the workplace, to build the next generation of talent and a sustainable future for the industry.

Started in 2023, the IWTA Awards celebrate inspiring women working in different sectors of the travel and tourism industry across Asia who have been recognized by their peers for making a meaningful impact in their company or community.

The judging panel for the TD – IWTA Awards is made up of leading figures from the travel industry, including CEOs, presidents, and directors of major travel companies. The panel will assess the nominees on their leadership, innovation, impact, and overall contribution to the travel industry.

Brand TD by Travel Daily Media, Asia’s leading travel industry news platform extends its gratitude to the following sponsors for making the event possible: AirAsia, Minor Hotels, BCD Travel, Agliysys and Intrepid Travel.

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The post Panch Prayag During Chardham Yatra appeared first on TD (Travel Daily Media) Brand TD.

Panch Prayag During Chardham Yatra-Embark on a spiritual journey through the majestic Himalayas, where the sacred rivers converge to form the Panch Prayag – a divine union of Dev Prayag, Rudra Prayag, Karnaprayag, Nandaprayag, and Vishnuprayag. Join us as we explore the mystical significance and historical richness of these five confluences during the revered Chardham Yatra. Each prayag holds its own tale of spirituality and sanctity, offering unique experiences that beckon pilgrims from far and wide. Let’s delve into the enchanting world of Panch Prayag and discover the profound essence of this sacred pilgrimage route.

Dev Prayag

Nestled at the confluence of the Alaknanda and Bhagirathi rivers, Dev Prayag is the first stop on the sacred journey of Panch Prayag. Legend has it that Lord Rama performed penance here to cleanse himself after defeating Ravana. The tranquil surroundings and ancient temples in Dev Prayag exude a sense of peace and serenity.

The merging waters of the two rivers create a mesmerizing sight, where their distinct colours blend harmoniously. Pilgrims flock to Dev Prayag to bathe in its holy waters and seek blessings for spiritual upliftment. The gentle sound of flowing rivers adds to the calming ambiance, inviting visitors to immerse themselves in prayer and meditation.

As you stand on the banks of Dev Prayag, surrounded by towering mountains and lush greenery, you can’t help but feel a deep connection with nature and divinity. This sacred confluence serves as a gateway to spiritual enlightenment, marking the beginning of an awe-inspiring journey through Panch Prayag.

Rudra Prayag

Nestled in the lap of the majestic Himalayas, Rudra Prayag is a confluence that exudes tranquillity and spirituality. The meeting point of the Alaknanda and Mandakini rivers creates a mesmerizing sight for pilgrims embarking on their Chardham Yatra.

As you stand at Rudra Prayag, you can feel the powerful energy resonating from the rushing waters merging harmoniously. The sound of gushing water against the backdrop of lush greenery creates a serene atmosphere perfect for introspection and spiritual contemplation.

Legend has it that Lord Shiva himself meditated at this sacred site, lending an air of mysticism to Rudra Prayag. Visitors often find themselves drawn to the peaceful aura surrounding this place, seeking solace and connection with divinity.

Whether you’re a devout pilgrim or simply a traveller seeking inner peace, Rudra Prayag offers a unique blend of natural beauty and spiritual significance that leaves an indelible mark on all who visit.

Karnaprayag

Nestled in the picturesque Garhwal region of Uttarakhand, Karnaprayag is a gem along the sacred river Alaknanda. This divine confluence marks the meeting point of the rivers Alaknanda and Pindar. As you stand by the banks, surrounded by towering Himalayan peaks, a sense of peace washes over you.

The tranquil ambiance of Karnaprayag makes it an ideal spot for introspection and spiritual contemplation. The soothing sound of flowing water creates a melody that resonates with your soul. Enveloped by lush greenery and pristine nature, Karnaprayag offers a serene retreat from the hustle and bustle of everyday life.

Legend has it that Karna from the epic Mahabharata meditated at this very spot, adding to its mythological significance. Whether you seek solace in nature or wish to delve into ancient tales, Karnaprayag promises an enriching experience for every visitor who steps foot on its sacred grounds.

Nandaprayag

Nandaprayag, where the Alaknanda and Nandakini rivers merge in a harmonious dance of nature’s beauty. The name itself evokes a sense of serenity and purity, as if the waters carry with them ancient tales of devotion and spirituality.

The confluence at Nandaprayag is a sight to behold – the clear azure waters merging seamlessly, creating a symphony of colours that captivate the soul. Standing on the banks, one can’t help but feel connected to something greater than oneself.

The spiritual energy at Nandaprayag is palpable, drawing pilgrims and seekers from far and wide seeking blessings and solace. It’s a place where time seems to stand still, allowing for introspection and reflection amidst the rushing waters.

Visiting Nandaprayag during Chardham Yatra is not just about witnessing nature’s splendor; it’s about experiencing a profound sense of peace and divinity that lingers long after you’ve left its shores.

Vishnuprayag

Nestled in the lap of the Himalayas, Vishnuprayag is a breathtaking confluence where the Alaknanda River merges with the Dhauliganga River. The pristine waters glisten under the warm sun, creating a mesmerizing sight for all who visit.

The name Vishnuprayag stems from Hindu mythology, as it is believed to be named after Lord Vishnu. This sacred site holds deep spiritual significance for pilgrims embarking on the Chardham Yatra.

Surrounded by lush greenery and snow-capped peaks, Vishnuprayag offers a serene escape from the hustle and bustle of daily life. Visitors can immerse themselves in meditation or simply soak in the tranquil ambiance of this divine location.

The harmonious blend of two mighty rivers at Vishnuprayag symbolizes unity and harmony, serving as a reminder of the interconnectedness of all things in nature. A visit to this sacred confluence is sure to leave you feeling rejuvenated and inspired by Mother Nature’s beauty.

Introduction to Panch Prayag

Nestled amidst the majestic Himalayas in the Garhwal region of Uttarakhand, Panch Prayag holds a special place in the hearts of spiritual seekers and nature enthusiasts alike. The term “Panch Prayag” refers to the five sacred confluences where rivers merge harmoniously, creating a divine energy that is believed to purify one’s soul.

Each prayag – Dev Prayag, Rudra Prayag, Karnaprayag, Nandaprayag, and Vishnuprayag – has its unique charm and significance. From the tranquil waters of Devprayag where River Alaknanda meets Bhagirathi to the verdant surroundings of Rudraprayag where Alaknanda joins Mandakini river, each location offers a serene setting for introspection and rejuvenation.

Embarking on a journey through these pristine locations during the revered Chardham Yatra is not just a physical pilgrimage but also an inward exploration of spirituality and devotion. As travelers traverse through these enchanting landscapes, they are not only witnessing natural beauty but also experiencing a profound sense of connection with higher realms.

The allure of Panch Prayag lies in their ability to transport visitors into a realm where time seems to stand still, allowing them to bask in the tranquillity and magnificence of Mother Nature. Whether you seek spiritual enlightenment or simply wish to immerse yourself in untouched natural splendor, Panch Prayag offer an unparalleled experience that resonates deeply with those who are drawn to their mystical aura.

The Importance of Panch Prayag in Chardham Yatra

As pilgrims embark on the sacred Chardham Yatra, the significance of Panch Prayag becomes evident along their spiritual journey. The five confluences hold deep importance in Hindu mythology and are believed to represent different manifestations of divine energy.

Each Prayag symbolizes a unique connection between nature and spirituality, enriching the pilgrimage experience with profound meanings. Dev Prayag marks the holy union of rivers Alaknanda and Bhagirathi, signifying the start of their revered journey together.

Rudra Prayag is where Alaknanda meets Mandakini River, bestowing blessings upon devotees with its tranquil ambiance. Karnaprayag holds historical importance as it signifies Karna’s departure to heaven after his death.

Nandaprayag represents purity as Nanda River merges with Alaknanda, enhancing the spiritual aura of this sacred site. Vishnuprayag embodies divine harmony as Dhauliganga merges gracefully with Alaknanda’s sacred waters.

Visiting these Panch Prayags during Chardham Yatra offers a transformative experience, connecting devotees to ancient traditions and fostering reverence for nature’s majestic beauty.

A Brief History of Panch Prayag

The history of Panch Prayag is deeply rooted in ancient Indian mythology and religious texts. According to legends, these five sacred confluences were created by Lord Vishnu himself to cleanse the sins of humankind. Each Prayag holds its own significance and story, making them integral stops on the spiritual journey of Chardham Yatra.

Dev Prayag is believed to be the place where Lord Rama performed a yagna after defeating Ravana. Rudra Prayag derives its name from Lord Shiva’s fierce form, symbolizing destruction and transformation. Karnaprayag is associated with Karna from Mahabharata, who meditated here seeking blessings before going into battle.

Nandaprayag signifies joy and harmony, connecting with the love between Nanda Maharaj and Yashoda Maiya, parents of Lord Krishna. Vishnuprayag represents purity and devotion as it merges the Alaknanda River with Dhauliganga River.

These historical narratives add layers of spirituality to the already mystical aura surrounding Panch Prayag, drawing pilgrims seeking enlightenment and blessings from these sacred waters.

The Spiritual Significance of Each Prayag

The Panch Prayag holds deep spiritual significance in the Chardham Yatra pilgrimage, representing the confluence of sacred rivers and energies. Each Prayag is a meeting point of two or more rivers, symbolizing unity and harmony in nature.

Dev Prayag signifies the union of the Alaknanda and Bhagirathi rivers, embodying the divine energy of Lord Vishnu. Rudra Prayag marks the merging of the Alaknanda and Mandakini rivers, associated with Lord Shiva’s fierce form. Karnaprayag represents the meeting of the Alaknanda and Pindar Rivers, reflecting purity and strength.

Nandaprayag merges the Alaknanda with Nandakini River, evoking a sense of bliss and devotion. Vishnuprayag symbolizes spirituality through its confluence of Alaknanda with Dhauliganga River, highlighting enlightenment and knowledge. Each Prayag offers devotees a chance to connect with nature’s divine essence on their spiritual journey.

How to Plan a Visit to Panch Prayag During Chardham Yatra

Are you planning a spiritual journey to the sacred Panch Prayag during your Chardham Yatra? Here are some tips to help you plan your visit seamlessly. First, make sure to research each Prayag – Dev Prayag, Rudra Prayag, Karnaprayag, Nandaprayag, and Vishnuprayag – so you understand their unique significance.

Next, create a detailed itinerary ensuring you allocate enough time at each location to soak in the spiritual energy. Consider hiring a local guide who can provide insights into the history and rituals of each Prayag.

Don’t forget to pack essentials like comfortable clothing, sturdy shoes for walking around uneven terrain, and plenty of drinking water. It’s also wise to carry offerings for any puja or ceremonies you wish to partake in.

Maintain a respectful attitude towards the surroundings and fellow pilgrims as you embark on this transformative journey through the divine confluence points of Panch Prayag.

Unique Experiences at Each Panch Prayag

At Dev Prayag, the confluence of the Alaknanda and Bhagirathi rivers creates a mesmerizing sight. Visitors can witness the distinct turquoise and green waters merging to form the sacred Ganges River. The spiritual energy at this juncture is palpable, offering a serene atmosphere for contemplation.

Rudra Prayag, where the Alaknanda and Mandakini rivers meet, boasts stunning natural beauty surrounded by lush forests and snow-capped peaks. This tranquil spot allows pilgrims to connect with nature while soaking in the peaceful ambiance.

Karnaprayag is known for its picturesque surroundings and pristine waters that reflect the clear blue skies above. Visitors can enjoy leisurely walks along the riverbanks or partake in meditation sessions amidst serene natural surroundings.

Nandaprayag offers visitors an opportunity to witness two powerful rivers – Nandakini and Alaknanda – converging in a harmonious dance of water. The soothing sound of rushing streams provides a calming backdrop for introspection and spiritual rejuvenation.

Vishnuprayag enchants travelers with its breathtaking vistas as the Dhauliganga River merges with Alaknanda against a backdrop of majestic mountains. This scenic location invites visitors to immerse themselves in awe-inspiring panoramas while connecting with their inner selves through meditation or yoga practices.

Preservation Efforts and Future Outlook for Panch Prayag

Preservation efforts for the Panch Prayag sites are crucial to maintain their spiritual and natural significance. Various organizations, local communities, and government bodies have been actively involved in conservation projects to protect the sanctity of these sacred confluences.

Efforts include initiatives for waste management, restoration of surrounding ecosystems, and promoting sustainable tourism practices. By raising awareness about the importance of preserving these sites, it ensures that future generations can continue to benefit from their spiritual energy.

The future outlook for Panch Prayag is promising with ongoing efforts to strike a balance between pilgrimage influxes and environmental preservation. Sustainable development practices will play a key role in ensuring that these holy confluences remain pristine for years to come.

Collaboration among stakeholders is essential in implementing long-term strategies that safeguard the integrity of Panch Prayag while accommodating the needs of pilgrims. By working together towards common goals, we can secure a bright future for these sacred locations.

Conclusion

Visiting the Panch Prayag during the Chardham Yatra is a truly enriching and spiritual experience. Each of these five confluences holds its own unique significance and history, adding depth to the journey of pilgrims. From Dev Prayag where the rivers Alaknanda and Bhagirathi merge, to Vishnuprayag where Alaknanda meets Dhauliganga, each Prayag offers a special connection to nature and divinity.

As travelers continue to seek solace in these sacred sites, it becomes imperative to preserve their natural beauty and religious importance for future generations. By supporting conservation efforts and responsible tourism practices, we can ensure that the sanctity of Panch Prayag remains intact for years to come.

May every visitor who embarks on the Chardham Yatra find peace, enlightenment, and spiritual awakening at the holy confluences of Dev Prayag, Rudra Prayag, Karnaprayag , Nandaprayag , Vishnuprayag.

1- Luxury Chardham Yatra Package.

2-Chardham Yatra Package From Haridwar.

3-Chardham Yatra Package From Delhi.

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The post Accor’s First-Quarter 2024 Revenue €1,236 million, up 8% appeared first on TD (Travel Daily Media) Brand TD.

The first quarter of 2024 once again demonstrates the strength of hotel demand in all  Accor Group regions and segments. Operating performance indicators (RevPAR and  portfolio growth) are all trending positively, and the Group has continued to manage its  balance sheet in line with its commitments.

In the first quarter of 2024, Accor opened 53 hotels corresponding to over more than 8,000 rooms, representing a net unit growth of 3.1% over the last 12 months. At the end of March 2024, the Group had a hotel network of  825,313 rooms (5,613 hotels) and a pipeline of 224,000 rooms (1,297 hotels).  Sébastien Bazin, Chairman and CEO of Accor, said:  “In this first quarter, marked by the Group’s return in CAC 40, Accor once again delivered  a solid performance, increasing revenue in all regions, notably in the Middle East and Asia-Pacific. Our network growth also accelerated, reflecting the attractiveness of our  brands and the trust of our owners. By continuing to combine high standards with  operational flexibility, quality of execution and financial discipline, we are confident in  our ability to pursue a growth path that is in line with the objectives we have set for  ourselves.”

First-quarter 2024 RevPAR 

The Premium, Midscale & Economy (PM&E) division posted an 8% increase in  RevPAR compared with the first quarter of 2023, still more driven by rates than by  occupancy rates.

• The Europe North Africa (ENA) region reported a 5% increase in RevPAR  compared with the first quarter of 2023.

o In France, which represents 44% of the region’s room revenue, the Paris  region and the provinces posted comparable RevPAR growth. RevPAR growth  in March was particularly strong, benefiting from a higher number of events  than in March 2023, and the absence of a major strike compared to the same  period last year.

o The United Kingdom, 13% of the region’s room revenue, posted RevPAR  growth comparable to France, with an even balance between London and the  provinces.

o In Germany, 13% of the region’s room revenue, RevPAR growth was  stronger than in France and the UK. This change reflects a steady  improvement, and benefits from a more favorable base effect, as the activity recovery in the country was delayed as compared to the rest of Europe.

• The Middle East, Africa and Asia-Pacific region reported a 12% increase in  RevPAR compared with the first quarter of 2023.

o The Middle East Africa region, 26% of room revenue in the region,  continued to post solid RevPAR growth, driven by rates and benefiting in  particular, in Saudi Arabia, from the Ramadan calendar, most of which was  held in the first quarter of 2024.

o South-East Asia, 30% of room revenue in the region, also reported strong  RevPAR growth, driven in particular by Singapore and Thailand.

o The Pacific, 27% of room revenue in the region, continued the trend  observed in the fourth quarter of 2023, with RevPAR growth driven primarily  by higher occupancy rates.

o In China, 18% of hotel room revenue in the region, business continued to  recover, albeit at a measured pace.

• The Americas region, which mainly reflects the performance of Brazil (65% of  room revenue for the region), posted a 4% increase in RevPAR compared with  the first quarter of 2023. The activity, which had exceeded the occupancy recorded prior to Covid, posted a slight decline in demand. Nevertheless, this  slight decline in occupancy was more than offset by higher average rates.

The Luxury & Lifestyle (L&L) division reported a 7% increase in RevPAR compared  with the first quarter of 2023, mainly driven by higher occupancy.

• The Luxury segment, 77% of the division’s room revenue, posted a 6% increase  in RevPAR compared with the first quarter of 2023. Being more exposed to North  America than the other segments, Luxury RevPAR growth is slightly more  modest, reflecting a more mature market.
• The Lifestyle segment reported solid RevPAR growth of 10% compared with the  first quarter of 2023. This was driven by improved occupancy at resorts in  Turkey, Egypt and the United Arab Emirates.

Group revenue 

For the first quarter of 2024, the Group reported revenue of  €1,236 million, up 8% on a like-for-like basis (LFL) compared with the first quarter 2023.  This increase breaks down into a 6% growth for the Premium, Midscale and Economy  division and a 12% growth for the Luxury & Lifestyle division.

Scope effects, mainly linked to the acquisition of Potel & Chabot (in October 2023) in  the Luxury & Lifestyle division (Hotel Assets and Other segment), positively contributed  for €38 million.

Currency effects had a negative impact of €37 million, mainly due to the Australian dollar  (-5%) and the Turkish lira (-40%).

Management & Franchise 173 192 +11% +14% Services To Owners 263 252 (4)% (1)% Hotel Assets & Other 245 246 +1% +9% Premium, Mid. & Eco. ⁽²⁾ 681 690 +1% +6% Management & Franchise 94 102 +8% +11% Services To Owners 315 347 +10% +12% Hotel Assets & Other ₆₇ ¹¹⁸ +77% +13% Luxury & Lifestyle 477 566 +19% +12% Holding & Intercos (18) (21) N/A N/A TOTAL 1,139 1,236 +8% +8% 

Premium, Midscale & Economy revenue 

Premium, Midscale & Economy, which includes fees from Management & Franchise  (M&F), Services to Owner and Hotel Assets & Other of the Group’s Premium, Midscale &  Economy brands, generated revenue of €690 million, up 6% LFL compared with the first  quarter of 2023. This increase reflects the sustained activity reported over the period,  mitigated by a base effect in Services to Owner.

The Management & Franchise (M&F) revenue totaled €192 million, up 14% LFL  compared with the first quarter of 2023. This increase, which was higher than the 8% rise in RevPAR over the period, reflects the strong growth in incentive fees provided for  in management contracts, particularly in Asia-Pacific region. Management & Franchise  performance by region is detailed on the following page.

Services to Owners revenue, which includes Sales, Marketing, Distribution and Loyalty  activities, as well as shared services and the reimbursement of hotel costs, totaled €252  million, down (1)% LFL compared with the first quarter of 2023. This decline reflects a  base effect on the same period last year, which included the final rebilling of costs  incurred by Accor as part of its reception services for supporters during the soccer World  Cup in Qatar.

Hotel Assets and Other revenue was up 9% LFL compared with the first quarter of  2023. This segment, which is strongly linked to activity in Australia and Brazil, reflects  the level of activity recorded in these regions.

Luxury & Lifestyle revenue 

Luxury & Lifestyle, which includes fees from Management & Franchise (M&F), Services  to Owner and Hotel Assets & Other of the Group’s Luxury & Lifestyle brands, generated  revenue of €566 million, up 12% LFL compared with the first quarter of 2023. This  increase also reflects the good activity performance over the period, as well as the  opening of new venues at Paris Society.

Management & Franchise (M&F) revenue totaled €102 million, up 11% like-for-like  compared with the first quarter of 2023, driven by a 7% increase in RevPAR and strong  growth in incentive fees from management contracts. The performance of the  Management & Franchise business by segment is detailed on the following page.

Services to Owners, which includes Sales, Marketing, Distribution and Loyalty  activities, as well as shared services and the reimbursement of hotel costs, totaled €347 million, up 12% LFL compared with the first quarter of 2023.

Hotel Assets and Other revenue was up 13% LFL compared with the first quarter of  2023. This change on a like-for-like basis reflects the opening of the Abbaye des Vaux  de Cernay hotel and new restaurant venues at Paris Society, while the reported change  of +77% includes a significant scope effect linked to the acquisition of Potel & Chabot in  October 2023.

Management & Franchise (M&F) posted revenue of €294 million, up 13% LFL  compared with the first quarter 2023. This change reflects RevPAR growth of 8% LFL vs.  the first quarter of 2023 amplified by:

• the sharp rise in incentive fees provided for in hotel management contracts,  particularly in the Asia-Pacific and Lifestyle segments;
• a termination fee for a breach of contract in the Premium, Midscale & Economy  segment in the Americas.

Outlook  

The Group confirmed its medium-term growth perspectives as disclosed during the  Investor Day on June 27, 2023:

• Annualized RevPAR growth between 3% and 4% (CAGR 2023-27) • Annualized net unit growth between 3% and 5% (CAGR 2023-27) • M&F revenue growth between 6% and 10% (CAGR 2023-27)
• A marginally positive EBITDA contribution from Services to Owners • EBITDA growth between 9% and 12% (CAGR 2023-27)
• Recurring free cash flow conversion in excess of 55%
• A return to shareholders of around €3 billion over the 2023-2027 period

In the first quarter of 2024, Accor completed a €400 million share buyback program,  with an accretive effect for shareholders through the cancellation of 3.9% of its shares.

 

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The post Cruise Tourism: Madhya Pradesh gets two floating jetties for cruise terminal  appeared first on TD (Travel Daily Media) Brand TD.

To boost cruise tourism in Madhya Pradesh, the Madhya Pradesh Tourism Board has signed a Memorandum of Understanding (MoU) with the Inland Waterways Authority of India (IWAI) and the Government of Gujarat. Two floating jetties (pontoons) from Kolkata have been sent to Kukshi in the state under this MoU. This will be used as a terminal for a pontoon cruise. M.P. Cruise tourism initiative is being taken by the Tourism Board with the aim of promoting tourism in the state. The cruise is proposed to be operated from Ekatma Dham (Statue of Oneness) located at Omkareshwar in Madhya Pradesh to the Statue of Unity located at Kevadiya, Gujarat. According to the MOU signed at the head office of the authority in Noida, IWAI will provide two floating jetties each to Madhya Pradesh and Gujarat, out of which this jetty has been delivered to Madhya Pradesh.

With the agreement, the movement of cruise ships on the Narmada River between Madhya Pradesh and Gujarat will be ensured without any hindrance. This contract was signed by IWAI Chairman Shri Vijay Kumar and the Principal Secretary of Tourism and Culture Department and the Managing Director of the Madhya Pradesh Tourism Board, Shri Sheo Shekhar Shukla. During this, the Managing Director of Sardar Sarovar Narmada Nigam Limited, Mr Mukesh Puri (IAS) (Retd.), Mr Udit Agarwal, Joint Managing Director, Sardar Sarovar Narmada Nigam Limited were specially present.

Principal Secretary Shri Shukla said that a total of 120 km of routes have been marked from the Statue of Unity in Kevadiya to Chandankhedi, Kukshi. From Kukshi, tourists will be taken by road to the Statue of Oneness located at Omkareshwar. On the way, they will also be taken to visit Maheshwar, Mandleshwar and Mandu. For this, four jetties will be established. Two will be established at Chandankhedi-Kukshi, and Sakarja-Alirajpur in Madhya Pradesh and two at Hanfeshwar-Chota Udaipur and Statue of Unity-Kevadiya in Gujarat. Necessary infrastructure and other facilities for cruise tourism will be developed by the state government. There will be economic development in the said area and widespread benefits will reach the local community.

Tourists will get new experiences

Tourism Board’s Additional Managing Director Bidisha Mukherjee said that under the guidance of Principal Secretary Mr. Shukla, innovations are being made to promote tourism in the state. Under this, cruise tourism is being started. Cruise tourism will not only give new wings to tourism, but will also give tourists an opportunity to enjoy the local culture, traditions, lifestyle and cuisine. An adventurous and comfortable journey will take place amidst the picturesque landscapes of Narmada River.

Pontoons will be installed along the ghat

A pontoon is a floating platform installed on a pier or shore. It does not sink and can carry the weight of several people simultaneously. Through this, tourists will be able to travel safely and comfortably on the cruise.

 

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The post JCB enables JCB Contactless acceptance at Taichung MRT in Taiwan appeared first on TD (Travel Daily Media) Brand TD.

JCB International Co., Ltd., the international operations subsidiary of JCB Co., Ltd., Japan’s only international payment brand, in cooperation with Cathay United Bank, is pleased to announce the launch of a contactless payment service at 18 stations on the Taichung MRT Green Line from April 25, 2024. With this service, users simply tap their JCB Contactless-enabled card or mobile device at the Taichung MRT fare gates.

The Taichung MRT Green Line is the first MRT in Taichung City which opened to the public in 2021.  It is 16.71 km long and connects 18 stations from Beitun Main Station to HSR Taichung Station. Along the line are popular tourist attractions. Such as Rainbow Village, famous for the bright colors and cute artwork of over 90-year-old former soldier Huang Yung-Fu, known as ‘Rainbow Grandpa’, and the Taiwan Folk Museum, built to preserve and pass on Taiwanese folk culture.

JCB is a major global payment brand and a leading credit card issuer and acquirer in Japan. JCB launched its card business in Japan in 1961 and began expanding worldwide in 1981. Its acceptance network includes about 46 million merchants around the world. JCB Cards are now issued mainly in Asian countries and territories, with more than 156 million cardmembers. As part of its international growth strategy, JCB has formed alliances with hundreds of leading banks and financial institutions globally to increase its merchant coverage and cardmember base. As a comprehensive payment solution provider, JCB commits to providing responsive and high-quality service and products to all customers worldwide.

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The post Preferred Hotels & Resorts welcomes 15 new member properties appeared first on TD (Travel Daily Media) Brand TD.

 

Preferred Hotels & Resorts, the world’s largest independent hotel brand, is pleased to announce the addition of 15 new member properties to its global portfolio between January 1 and March 31, 2024. Ranging from a hidden safari resort in the wilderness of Nepal to a sophisticated Mediterranean hub in the heart of Split, Croatia, each of these distinct and independent luxury properties deliver authentic, one-of-a-kind experiences to inspire and guide travellers to explore even more exciting locales around the world. Highlights include:

 CordeValle (San Martin, California) – L.V.X. Collection: Nestled in the foothills of the Santa Cruz Mountains on 1,700-acres of picturesque countryside, CordeValle combines the extraordinary beauty of Northern California with the impeccable hospitality of a luxury resort. Known for its charm and intimacy, this idyllic retreat features 45 beautifully-appointed guest rooms and Fairway Homes outfitted with residential comforts and breathtaking views of the golf course and valley. At the heart of the resort is the award-winning, 18-hole CordeValle Golf Course designed by internationally acclaimed golf architect, Robert Trent Jones Jr. Additional highlights include three restaurants and bars featuring innovative menus and fresh local produce, a renewing wellness spa, estate winery, hiking, and a tennis and pickleball centre with tournament courts.

Farol Hotel (Cascais, Portugal) – L.V.X. Collection: Perched on rocks descending straight into the sea, Farol Hotel presents a seamless blend of modern luxury and historic coastal charm, marrying a 19th-century mansion once owned by the Count of Cabral, together with unique contemporary architecture. Steps away from the cobblestone streets of Cascais and seaside beauty of the Estoril Coast, the boutique hotel delights guests with dazzling views of the Atlantic Ocean from its outdoor saltwater swimming pool and On the Rocks bar, as well as carried throughout each of the 33 guestrooms and suites, some of which offer 180-degree ocean views. Additional highlights include two restaurants and bars offering delicious Mediterranean fusion, classic sushi with a twist, signature cocktails, and stunning seaside views.

Himalayan Wildlife Sanctuary (Chitwan, Nepal) – Lifestyle Collection: Set along the banks of the Narayani River in the lush green region of Amaltari, this luxurious safari resort presents a tranquil, secluded escape for travellers seeking a natural connection to the magical wilderness of Nepal. Situated on the western edge of Chitwan National Park – home to over 43 species of mammals, including the Bengal tiger and Nepal’s largest one-horn rhinoceros population – the fully-inclusive resort extends bright and airy accommodations featuring 27 stylish guestrooms, including private villas, each beautifully designed with locally sourced materials evoking elements of wilderness and honouring the cultural significance and traditions of the local Tharu people. Additional highlights include dining options featuring authentic Nepali and International cuisine, and access to all the fascinating activities at Chitwan National Park.

Hotel Mousai Cancun – A Tafer Resort (Cancun, Mexico) – L.V.X. Collection: Opening in May 2024, the highly-anticipated launch of this adults-only resort is poised to become Cancun’s most elevated all-inclusive experience. Located along the white sand beach of Costa Mujeres, Hotel Mousai Cancun will delight travellers with an eclectic fusion of chic modern design, and spacious, well-appointed accommodations – offering 88 lavish oceanfront suites adorned with floor-to-ceiling windows, and sprawling terraces featuring private Jacuzzis overlooking the azure waters below. Guests can soak up the Cancun sun with the choice of two expansive pools, enjoy holistic treatments at the tranquil Spa Imagine, and unlimited gourmet dining at the resort’s fine dining and casual restaurants, including top-shelf beverages, and 24-hour suite service.

Hotel Ambasador Split (Split, Croatia) – L.V.X. Collection: A waterfront respite located in the heart of Split on the West Coast promenade, Hotel Ambasador Split is a luxury boutique hotel overlooking the Adriatic Sea. Where modern sophistication meets Mediterranean simplicity, the hotel is comprised of 98 contemporary rooms and two suites featuring expansive windows and elegant, comfortable spaces designed with modern amenities and decor. Originally opened in 1937, the hotel boasts an 1,850-year-old reception desk carved from black oak found on the bed of the Sava River – and delights travellers with an in-house guest experience team, known as “Diplomats,” providing personalised service, including guidance on local sights and experiences. Additional highlights include gourmet dining featuring Mediterranean cuisine and fine wines at Restaurant Méditerranée, and rejuvenating treatments at Hacelia Spa.

“We are proud to welcome this distinctive group of 15 new member properties, including six new openings, to our global portfolio of luxury independent hotels,” said Lindsey Ueberroth, CEO of Preferred Hotels & Resorts. “Presenting our loyal customers and community of passionate travellers with new places of distinction and opportunities to discover the latest luxury independent hotel experiences is core to our brand promise, ‘Believe in Travel.’ Each of these exciting new additions – spanning 13 countries and four continents – marks continued growth and development, further amplifying the brand’s presence in key markets across the globe.”

Other member properties to have joined Preferred Hotels & Resorts’ global portfolio from January 1 through March 31, 2024, include:

• Durango Casino & Resort(Las Vegas, Nevada) – Lifestyle Collection
• Pendry Natirar(Gladstone, New Jersey) – L.V.X. Collection
• Ara Maris(Sorrento, Italy) – L.V.X. Collection
• Grand Hotel Imperiale(Forte Dei Marmi, Italy) – L.V.X. Collection
• Glee Hotel(Nairobi, Kenya) – L.V.X. Collection
• NIXE PALACE(Mallorca, Spain) – Lifestyle Collection
• Only YOU Hotel Malaga(Malaga, Spain) – L.V.X. Collection
• South Place Hotel(London, United Kingdom) – L.V.X. Collection
• Villa Dahlia(Stockholm, Sweden) – Lifestyle Collection
• SCP Corcovado Wilderness Lodge(Bahia Drake, Costa Rica) –

L.V.X. Collection

Each of these new member hotels participate in I Prefer Hotel Rewards, the brand’s points-based loyalty programme with 5 million travellers enrolled globally. Complimentary to join, members of I Prefer earn points redeemable for cash-value Reward Certificates, Titanium status, and other value-rich benefits from eligible stays at nearly 600 participating hotels and resorts worldwide.

 

 

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The post IndiGo enters the wide-body space with an order for 30 Firm Airbus A350-900 aircraft appeared first on TD (Travel Daily Media) Brand TD.

IndiGo, India’s most preferred airline, is further defining its long-term future by strengthening its fleet with the introduction of wide-body aircraft to its fleet. Since inception in 2006, IndiGo has been successfully building its position and is now defining its future further on the path of becoming a global aviation player.

IndiGo agreed to place an order for 30 Firm A350-900 aircraft, which will enable IndiGo to spread its wings further and expand its network. From the various Indian metros, IndiGo will be able to connect to the world. The aircraft will be powered by Rolls Royce’s Trent XWB engine. The mission capability of this aircraft coupled with the efficiency of the Trent XWB engine will offer IndiGo unprecedented optionality as it embarks on the next stage of its wonderful journey of addressing the rapidly evolving needs of the Indian customer and our nation.

Currently, IndiGo operates over 350 aircraft. Last year, in June 2023, IndiGo placed the largest ever single aircraft order by any airline for 500 aircraft with Airbus. With that, the outstanding orderbook of A320 Family aircraft stands at almost 1,000 aircraft which are yet to be delivered well into the next decade. This IndiGo order-book comprises a mix of A320NEO, A321NEO and A321XLR aircraft.

This new order will bring the strategic relationship between IndiGo and Airbus to an unprecedented level in terms of depth, breadth, and size. For the relationship between IndiGo and Rolls Royce, this marks the beginning of a new, long and fruitful relationship.

The exact configuration of the aircraft will be decided at a later stage, and the deliveries are expected to start from 2027. In addition to the 30 Firm A350-900 order, IndiGo has Purchase Rights for an additional 70 Airbus A350 Family aircraft, at its discretion, for possible future needs under certain conditions.

 

In calendar year 2023, IndiGo welcomed 100 million customers onboard its flights and as such, the airline is, quite literally, giving wings to our nation. IndiGo is amongst the fastest growing airlines in the world, and this order will allow it to strengthen its growth trajectory.

Before the end of this decade, the Indian economy is expected to grow from being the world’s 5th largest today to being the 3rd largest. Specifically in aviation, the Indian government has stated its mission to ensure that by 2030 India comes into her own on the world stage of aviation leadership by building cutting-edge infrastructure and developing the country into a global aviation hub.

With IndiGo’s current fleet, the almost 1000 A320 Family aircraft yet to be delivered, and today’s order for wide-body aircraft, IndiGo is not only well positioned to expand and densify its unparalleled network but equally importantly, IndiGo will play its part to fulfill the Indian Government’s stated mission.

This milestone was celebrated on April 25th in Gurgaon at InterGlobe’s Corporate Headquarters by Pieter Elbers, IndiGo’s CEO, Mr. Benoît de Saint-Exupéry, Airbus’ Executive Vice President of Commercial Aircraft and Mr. Ewen McDonald, Rolls Royce’s Chief Customer Officer – Civil Aerospace, and in the presence of Dr. V. Sumantran, Chairman of the Board of IndiGo and Mr. Christian Scherer, Airbus’ CEO of Commercial Aircraft.

Pieter Elbers, CEO of IndiGo, said, “Today’s historic moment marks a new chapter for IndiGo and will further shape the future of the airline and for Indian aviation at the same time. For IndiGo, after successfully pioneering the Indian skies with an unprecedented journey, its fleet of 30 Airbus A350-900 aircraft will allow IndiGo to embark on its next phase of becoming one of the leading global aviation players. At IndiGo, we take pride in being India’s preferred airline and for offering connectivity to our customers, in and with India. This reaffirms IndiGo’s belief in, and commitment to, the growth of India, and in our strategic partnership with Airbus.”

IndiGo will host a conference call on Tuesday April 30th, an invitation for which will be sent through regular channels.

 

 

 

 

 

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The post Airbus outperforms Boeing in APAC commercial aircraft market: GlobalData appeared first on TD (Travel Daily Media) Brand TD.

 

With a strong order book from airline operators and leasing companies based in India, China, and Singapore during 2020–2024, Airbus has fortified its position in the Asia-Pacific (APAC) commercial aircraft market amid continued Boeing’s woes. As it is being scrutinized for multiple mishaps involving its 737 Max aircraft line, Boeing continues to lose ground in the APAC region to its biggest competitor, says GlobalData, a leading data and analytics company.

GlobalData’s dashboard Commercial Aircraft Orders and Deliveries reveals that in the APAC region, Airbus received a total of 1,489 aircraft orders between 2020 and 2024 (till March 2024), compared to only 561 aircraft orders for Boeing.

Gone Sai Kiran, Aerospace and Defense Analyst at GlobalData, comments: “Notable Airbus customers in the region, including Indigo Airlines, Air India, China Eastern Airlines, China Southern Airlines, and BOC Aviation, have either chosen not to order from Boeing or have ordered fewer units from Boeing as compared to Airbus.

“Indigo Airlines has the highest number of Airbus orders of 510 aircraft, compared to none from Boeing. On the other hand, Air India has ordered 250 aircraft from Airbus, complemented by 220 aircraft from Boeing. BOC Aviation and China Eastern Airlines have ordered 107 and 100 aircraft from Airbus, respectively, omitting Boeing from their procurement portfolio. A major reason for Chinese airline operators to avoid ordering from Boeing could be the US-China trade war that was witnessed in recent years.”

GlobalData’s dashboard also uncovers that Airbus has outpaced Boeing in terms of deliveries. Between 2020 and 2024, Airbus delivered 2,717 aircraft, while Boeing managed to deliver only 1,594 aircraft. Boeing, which had plans to increase the production capacity of its top-selling aircraft model, the 737 Max, is currently facing severe challenges on multiple fronts as the US Federal Aviation Administration (FAA) froze its expansion plans in January 2024 due to an ongoing audit of its existing production lines. This is further expected to affect Boeing’s aircraft delivery rate in the coming years.

Kiran concludes: “Ongoing allegations on Boeing’s production quality standards and the FAA’s decree to airlines to halt operations of some Boeing aircraft models have led to multiple cancellations of Boeing orders recently. These events have been favorable for Airbus in a gaining competitive edge in this mainly duopoly market.”

 

 

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Source: traveldailymedia