Seven Gold Coast youths are on their way to becoming future MasterChefs after kickstarting their culinary arts apprenticeships at Jupiters Hotel & Casino recently, with five previously completing a school-based work experience program hosted at the property.With future demand for hospitality workers set to grow across South East Queensland (SEQ), the school-based work experience program was offered by Jupiters’ parent company, The Star Entertainment Group, in conjunction with the Department of Education and Training.A total of 100 Year 11 and Year 12 students from 18 Gold Coast schools took part in the program. Following completion, Year 12 participants received the opportunity to apply for the culinary arts apprenticeships with Jupiters Hotel & Casino.The training component of these apprenticeships is being delivered through the new Queensland Hotel and Hospitality School, which was launched in partnership between The Star Entertainment Group and TAFE Queensland earlier this year.The Star Entertainment Group Managing Director Queensland Geoff Hogg said the apprenticeships are part of a broader goal to help create the state’s next generation of hospitality workers.“We’re working hard to ensure Queensland meets future demand driven by strong inbound international tourism,” Mr Hogg said.“At The Star, our business is growing with our three billion dollar Queen’s Wharf Brisbane development alone expecting to generate an additional 1.39 million tourists to the state by the time it opens in 2022.“This development will create more than 8000 jobs in Queensland once operational with further jobs to be generated from our $345 million dollar transformation of Jupiters, featuring a new six-star hotel tower.”Mr Hogg said the school-based work experience program provides students with work experience across five commercial cookery work areas: hot production, cook chill / in-room dining, pastry, events, and restaurant.“I’m thrilled for the apprentices who have started at Jupiters with five of them receiving the opportunity following completion of the school-based work experience program,” Mr Hogg said.“All seven apprentices successfully secured their apprenticeship with The Star Entertainment Group, which means their training will be with the region’s new flagship six-star Queensland Hotel and Hospitality School.“We will also host the same school-based work experience program for Brisbane school students at our Treasury Casino & Hotel.“Similarly, at the end of the program, we will offer the Year 12 Brisbane participants the opportunity to apply for culinary arts apprenticeships with Treasury and be trained through the Queensland Hotel and Hospitality School.”The names of the seven Jupiters apprentices are:Holly Smith, Helensvale State High SchoolRoi Wirihana-Hoskins, Helensvale State High SchoolRhian Price, Helensvale State High SchoolAnton O’Connor, Miami State High SchoolSean Godkin, Nerang State High SchoolAlexander LynchRhys Mitting-Jones Jupiters Hotel & CasinoSource = Jupiters Hotel & Casino
New ‘Lando’ revolutionises overland travel in AfricaG Adventures, the world’s leading adventure travel company, has launched a new overland adventure vehicle (OAV), purpose-built for today’s modern traveller, and designed to maximise safety and comfort.The fleet of ten “Landos” have been introduced on most G Adventures overland trips in eastern and southern Africa.Each truck features full body seatbelts, reclining seats with side-seat movement for extra shoulder room, a 250-litre water tank to reduce the use of plastic bottles, in-built Wi-Fi, USB chargers at every seat, large front windows for better views of wildlife, and windows designed specifically for photography.Jeff Russill, VP of product at G Adventures, says his team has completely re-invented and improved the OAV with the needs of travellers in mind, using traveller feedback and the inside knowledge of the G Africa team.“Our travellers have become more sophisticated and their needs have changed. We no longer accept that the old vehicles suit modern-day travellers, and in our bid to lead with service have come up with a solution to bring overland travel into a new age,” says Russill.‘Lando’ is a play on the word ‘overland’ and it’s no coincidence the OAV bears a likeness to cavaliering Star Wars character, Lando Calrissian, whose sense of adventure is similar to that of G Adventures’ travellers.G Adventures Managing Director for Australia and New Zealand, Adrian Piotto said travellers would enjoy the added comfort in the new Landos.“While the roads in Africa have improved over time, the comfort of the vehicles certainly has not – until now. We are proud to be leading the way with adventure comfort over in Africa.”The Lando will be operating on 22 G Adventures Yolo itineraries (adventures for 18 to 39 year olds) covering Botswana, Kenya, Malawi, Namibia, Tanzania, South Africa, Zambia and Zimbabwe.G Adventures Yolo trips in Africa are primarily camping trips (with some hotel accommodation) that are fast-paced, cover a lot of distance, and provide younger travellers with the opportunity to see as much as possible at a more affordable price. G AdventuresSource = G Adventures
Joe’s first flight – British Airways takes special customerJoe’s first flight – British Airways takes special customerBritish Airways stepped in to help customer, Joe Dowd on a milestone journey from Heathrow to Dublin this month. Though not a long journey, it was a very important one for 47 year-old Brentford based Joe as it was his first flight since he suffered a life-changing brain injury in 2014, which left him with significant physical and cognitive challenges.His wife, Liz, got in touch with the airline to tell them Joe’s story and to ask for support with his first flight. Liz explained that her husband had previously worked in banking and regularly travelled the world, but his condition had left him unable to fly. After a long period of intense rehabilitation Joe defied medics and learnt to walk again, but one of his big goals had been to fly. Joe worked hard to become strong enough to trial flying again and the couple planned a short flight to Dublin, to visit extended family in Ireland.Please view the video https://www.britishairways.com/en-gb/destinations/where-in-theworld/bamagic.After receiving a heartfelt letter, British Airways stepped in to make the journey as memorable as possible for the deserving pair, with a few surprises along the way. A behind-the-scenes video captured the journey.Surprised by a British Airways ambassador at their home in Brentford, Joe and Liz were whisked off to Heathrow in a Rolls Royce Phantom and surprised with a montage of wellwishes from his family and friends who are supporting them as Joe rebuilds his life. As Joe had explained that when he was young his dream was to be a pilot, he was met by Captain Ben Collins for a tour of the flight deck, before being invited for a day at British Airways flight simulator with his sporting hero, Chris Froome.Joe and Liz had previously lived in Australia, with Joe’s ultimate goal being to fly back to visit one day. On landing at Dublin the couple were surprised by the airline with a pair of complimentary Club World (business class) tickets to Sydney as an incentive for him to step from one of British Airways nearest destinations to the furthest.Joe said “It’s been an amazing experience from start to finish. From being met by the British Airways ambassador to meeting Captain Ben and then surprising us with the Australia tickets, it was a day I’ll never forget!”Liz said “When I wrote to British Airways telling them Joe’s story, I never imagined they would help make the journey so special. It was such an incredible and emotional milestone, Joe’s specialist team feel that he has returned even stronger. The whole experience was truly memorable and magical.”Carolina Martinoli, British Airways director of brand and customer experience, said: “When Liz wrote to us and told us about Joe’s bravery, we wanted to do everything we could to make sure he had an enjoyable and seamless journey. Our ambassadors, ground staff, cabin crew and pilots worked hard to make sure it was a trip Joe and Liz would never forget. They are a truly inspirational and deserving couple.”British Airways is asking customers who have booked a trip with them to email their stories in, in the hope of making their trip a little bit more magical.Source = British Airways
Emirates SkyCargo launches freighter services to MaastrichtEmirates SkyCargo launches freighter services to MaastrichtEmirates SkyCargo, the freight division of Emirates, is expanding its footprint in Europe with the launch of new scheduled freighter services to Maastricht starting 6 February 2018. Maastricht will join Emirates SkyCargo’s global freighter network of over 40 cities and will become the second freighter destination in the Netherlands after Amsterdam.Emirates SkyCargo will initially operate two freighter flights a week to Maastricht on Tuesdays and Thursdays. The aircraft will arrive at 8.10am local time and depart at 10.10am local time to Dubai World Central airport on both days. The twice weekly service will be operated by the Emirates SkyCargo Boeing 777 freighter aircraft which has a cargo capacity of 100 tonnes. The freighter also allows for the transportation of large and outsized cargo through its wide main deck cargo doors.Starting end of March, Emirates SkyCargo will be increasing its freighter frequency to Maastricht to seven weekly flights. The freighter flights to Maastricht are expected to supplement the cargo capacity offered on freighter and passenger aircraft to Amsterdam as well as providing air cargo connectivity to neighbouring regions in Belgium and Germany. Expected products to be moved in and out of Maastricht will include general and e-commerce cargo and pharmaceuticals.“Emirates SkyCargo is delighted to be starting scheduled freighter services to Maastricht. The Netherlands is one of our most important cargo markets globally and the freighters to Maastricht will allow us to build a stronger presence to respond to customer needs in the region. In addition, the vibrant business and logistics community around Maastricht will now have access to seamless trade connections to over 155 destinations across six continents on the Emirates SkyCargo network,” said Nabil Sultan, Emirates Divisional Senior Vice President, Cargo.“We look forward to serving this important air cargo customer at Maastricht Airport. This win is a culmination of several months of hard and successful work by our team. We would like to thank Emirates SkyCargo for their trust and confidence in our services and we will strive to fulfil and exceed their expectations and continue to improve our performance,” said Jos Roeven, Managing Director for Maastricht Aachen Airport.Emirates SkyCargo is the world’s largest international airline cargo operator offering customers cargo capacity on its fleet of over 265 aircraft including 14 freighters- 13 Boeing 777-Fs and one Boeing 747-F. In Europe, Emirates SkyCargo operates to over 40 destinations connecting international hubs as well as regional cities to the rest of the world.In Dubai, Emirates SkyCentral DWC is Emirates SkyCargo’s dedicated terminal for handling cargo from freighter aircraft. Emirates SkyCentral DWC has 13 dedicated aircraft parking bays immediately in front of the terminal allowing for quick cargo positioning from terminal to the aircraft and quick cargo retrieval from the aircraft to the terminal in order to enable quicker deliveries to customers. Emirates SkyCentral DWC has extensive cool chain facilities featuring over 15,000 sq. metres of dedicated storage space for temperature sensitive cargo.About Emirates SkyCargoOur Media centre contains all of our business updates, including the latest press releases and articles and our contact details.Emirates SkyCargo is the largest international airline cargo operator in the world. With an unrivalled route network, we connect cargo customers to over 150 cities in 83 countries on six continents and operate in many of the world’s fastest developing markets. Our cargo hold capacity comprises Emirates’ fleet of over 255 aircraft, including 14 freighters – 13 Boeing 777-Fs and one B747-400ERFs.Emirates SkyCargo operates state-of-the-art cargo facilities at its dual hub locations in Dubai International Airport (DXB) and Dubai World Central (DWC) with cargo being moved 24/7 by truck between the two airports via a bonded virtual corridor.Emirates SkyCargo offers specialised cool chain solutions for perishables and temperature sensitive product such as pharmaceuticals. The carrier operates the first and the largest GDP certified multi-airport hub in the world with 8600 square metres of dedicated space for pharmaceuticals across its hub.Source = Emirates SkyCargo
Radisson Hotel Group launches global partnershipRadisson Hotel Group launches global partnershipThe partnership will help provide food, shelter and a better future for children and youth at-riskRadisson Hotel Group™, announced at its Americas Business Conference in Orlando, Florida, a new global partnership with SOS Children’s Villages, the world’s largest not-for-profit organization dedicated to building loving, stable families for orphaned, abandoned and other vulnerable children. Radisson Hotel Group aims to have its 1,100 hotels in operation sponsor the upbringing and education of at least one child per hotel and help establish meaningful local relationships with SOS Villages worldwide.“Responsible Business is at the heart of our company’s promise of making every moment matter, which also means that we support and help advance the communities in which we operate. The creation of the Radisson Hotel Group created a unique opportunity for us to align our company’s commitment to a common global cause that truly will help make a difference in the world, especially for our children and youth. Our partnership with SOS will allow us to help provide a home and a better future for the most vulnerable children in the world,” said Federico J. González, President & CEO, The Rezidor Hotel Group and Chairman of the Radisson Hotel Group Global Steering Committee.“This partnership with SOS Children’s Villages brings our core values full circle and aligns with our Responsible Business commitment to Think People, Think Community and Think Planet,” added John M. Kidd, Chief Executive Officer and Chief Operating Officer, Radisson Hospitality, Inc. “SOS provides to orphaned, abandoned, and vulnerable children more than just food and shelter; it provides them a chance to have a family and a future. Together with SOS, we will help transform lives through care, hospitality and compassion.”Active in 135 countries and territories, SOS Children’s Villages impacts the lives of millions of children through family support and care programs, as well as education, medical, and emergency relief efforts. A collaboration with Radisson Hotel Group will allow SOS Children’s Villages to strengthen its efforts by mobilizing local supporters and volunteers in support of ensuring no child grows up alone. SOS has been recognized for its innovative and holistic programs, ethical policies, commitment to amplifying youth voices and for putting transparency at the heart of its work. The organization is a Nobel Peace Prize Nominee and a member of “Accountable Now”, a cross-sector platform for internationally operating civil society organizations.“At SOS, we create communities of strong, loving families so vulnerable children have the opportunity to heal, learn and enjoy the kind of safe and healthy childhood they deserve,” said Lynn Croneberger, Chief Executive Officer of SOS Children’s Villages, USA.“We are delighted to launch this partnership with Radisson Hotel Group, through which SOS Children’s Villages is joining forces with each local hotel owner, general manager, employee and guest to empower children and strengthen communities from the ground up.”Radisson Hotel Group and its hotels confirmed their support to the partnership at the group’s Americas Business Conference. Radisson Hotel Group will strive to inspire its guests to engage. As a first step, the partnership will be connected to Radisson Rewards, the group’s loyalty program, where members can redeem points for donations towards SOS Children’s Villages.Radisson Hotel Group has a long history of being a responsible business with a focus on conducting business ethically both within and outside the walls of their hotels. Radisson Hotel Group EMEA has been named to Ethisphere’s World’s Most Ethical Companies list each year since 2010.Source = Radisson Hotel Group
SriLankan Airlines reaffirmed the global appeal and innovativeness of its marketing communication endeavours yet again as it won three awards at Golden City Gates Awards 2019 at ITB Berlin. The 19th edition of the awards saw a jury of 40 members judging over 148 submissions sent by 32 countries.SriLankan Airlines was awarded a First Star award in the ‘Airlines – Corporate’ category for its product video, another First Star for its India Outbound video in the TV Cinema spot category and a Third Star award in the same category for its Melbourne Marathon video 2018.SriLankan Airlines’ Chief Executive Officer, Vipula Gunatilleka said, “This is the third consecutive time that SriLankan Airlines was commended at this esteemed forum and the second consecutive year that we managed to bag three prestigious awards. These awards reaffirm the consistency and the global appeal of our marketing communication content. They will be an inspiration for us to explore new avenues in creative conceptualisation and creation of unique content to aptly portray SriLankan Airlines as a global brand with inherently Sri Lankan attributes.”SriLankan Airlines General Manager Marketing, Saminda Perera said, “As the national carrier of Sri Lanka, we have always endeavoured to portray SriLankan Airlines in the most appealing way so as to inspire travellers to experience our world-renowned service and convenient connectivity. These three awards prove that we have communicated our message loud and clear, in a manner that transcends all boundaries. We take pride in producing marketing communication content which is universally admired and commended.”Last year, SriLankan Airlines was awarded a ‘first star’ in the campaign category for its Melbourne launch campaign ‘Two Cities, One Spirit’. It also bagged a ‘second star’ in the same category for its brand campaign in China themed ‘The Spirit of China, the Story of Sri Lanka’. The third, another ‘second star’, was bestowed upon SriLankan for its video ‘The Largest Carrier to India’ in the TV Cinema spot category.
Obama May Tap FDIC Official for Comptroller Share As officials consider a “”new candidate to head””:https://themreport.com/articles/obama-mulls-warren-substitute-2011-06-10 the Consumer Financial Protection Bureau, the Obama administration may soon nominate a state and federal banking regulator to lead the “”Office of the Comptroller of the Currency””:http://www.occ.gov (OCC).[IMAGE]According to the _New York Times_, the administration may put forward Thomas Curry, a current member of the board of directors of the FDIC and a past bank commissioner for Massachusetts, to fill the role of comptroller of the currency.Curry took a spot on the FDIC board in January 2004. Despite the expiration of his six-year term in 2010, he continues to serve in lieu of a replacement needed to fill his position and currently leads the agency’s assessment appeals and case review committees as chairman. [COLUMN_BREAK]Prior to joining the FDIC, Curry served five Massachusetts governors as the Commonwealth’s commissioner of banks from 1990 to 1991 and from 1995 to 2003, and as acting commissioner from 1994 to 1995. He has held the role of chairman of the Conference of State Bank Supervisors from 2000 to 2001 and served two terms on the State Liaison Committee of the Federal Financial Institutions Examination Council.Currently, Curry also serves as chairman of the board of directors for NeighborWorks America, a national non-profit organization chartered by Congress to provide financial support, technical assistance, and training for community-based neighborhood revitalization efforts. If nominated by the White House and confirmed by Congress for the comptroller of the currency position, Curry would return to the FDIC’s board as a permanent member. The _Wall Street Journal_ reported that his nomination would mark the first time the Obama administration has moved on confirmations since its other nominees withdrew their names for top positions at the Federal Reserve Board and Federal Housing Finance Agency.””Given how difficult it has been for extremely highly qualified nominees to make it through the Senate confirmation process, I think a lot of people are reluctant,”” to take the posts, Michael Barr, a former Treasury official, told the _Journal_. “”It’s hard to find good people,”” he said. June 13, 2011 458 Views FDIC Lenders & Servicers Movers & Shakers OCC 2011-06-13 Ryan Schuette in Government
Recent news reports show homebuyers flocking to high-end properties to close rates for jumbo loan mortgages, even as Congress wavers on a proposed bill that would fix higher thresholds for federally insured mortgages ├â┬ó├óÔÇÜ┬¼├óÔé¼┼ô a prospect that makes some wonder whether banks are capable of filling in for withdrawing government entities “”Fannie Mae””:http://www.fanniemae.com/kb/index?page=home, “”Freddie Mac””:http://www.freddiemac.com/, and the “”Federal Housing Administration””:http://portal.hud.gov/hudportal/HUD?src=/federal_housing_administration (FHA).[IMAGE]On Saturday the “”_Wall Street Journal_””:http://online.wsj.com/article/SB10001424052702304223804576446042270052566.html reported a surge in high-end purchases. The surge could jump to the highest in five years, according to the _Journal_, largely because public officials appear unlikely to keep limits at $729,750. In past years, Congress successively raised the limits from $418,000 to $625,500, where the jumbo loan ceiling will once again rest if lawmakers refuse to pass an extension. The limit-raises arrived during the throes of the Great Recession, which public officials tried to stymie by providing lenders and high-end homebuyers with incentives.Coupled with a recent “”Federal Housing Finance Agency””:http://www.fhfa.gov/ (FHFA) report, which holds that jumbo loans account for 5 to 13 percent of total mortgage loans originated this year, some wonder about the potential for fallout in the housing sector if the GSEs and FHA pull back. Shannon Faries, a business development manager at “”Harbor Lending””:http://harbor-lending.com/, questions the widespread notion that banks will step up to the jumbo loan challenge. When the limit changes “”go down, who is going to be making the loans from $625,000 and up?”” he asks. “”A lot of private lenders are not going to touch these loans.””[COLUMN_BREAK]Faries recalls the lack of a secondary market from his workplace in California, one of several jumbo-rich regions around the country that the FHFA estimates may feel the limit expiration pinch more intensely. He also dismisses the suggestion that private equity groups will rescue homebuyers with jumbo loans.””Until there is a larger secondary market,”” he says, “”there is not going to be any big expansion on the jumbo loan front or anyone to service these over the $625,000 mark. There is no lender that would hold a loan that amount without having someone to sell a jumbo loan to. No one will want these.””In testimony before the House Budget Committee in July, “”Federal Reserve””:http://www.federalreserve.gov/ Chairman Ben Bernanke placed considerably more confidence in the private sector and argued that the government to step back. “”I understand the private sector is taking at least a significant number of the jumbo mortgage market but at a higher cost,”” he said.Following his remarks, the “”National Association of Home Builders””:http://www.nahb.org/ (NAHB) released a report indicating that 250 counties with the highest jumbo mortgage loans also bear 59 percent of the nation’s housing stock.””The lower limits will place a constraint on home buying in high-cost housing markets, such as those along the coasts and in California,”” NAHB Chairman Bob Nielson, a Reno-based home builder, said in a statement. “”It is the last thing we need in a housing market that is still struggling to get back on its feet.””Scott Sheldon, a loan officer with “”Sonoma County Mortgages””:http://www.sonomacountymortgages.com/, fears the repercussions of a limit fallback in his California real estate market, which he says would buckle under new foreclosures as a result of crimped homeowners who once relied on federal insurance. Still, he says, “”I think they [Congress] are going to extend the loan limits and keep them in place the way they are. They’re going to shoot themselves in the foot├â┬ó├óÔÇÜ┬¼├é┬ª [and] if they do that, there’s going to have to be some other stimulus for them to fill”” in the larger economy.If Congress passes on a limit extension, federal insurance thresholds for government-backed mortgages will fall from $729,750 to $625,500 on October 1. July 22, 2011 427 Views Agents & Brokers Ben S. Bernanke Fannie Mae Federal Reserve FHA FHFA Freddie Mac Lenders & Servicers National Association of Home Builders Processing Service Providers 2011-07-22 Ryan Schuette in Government, Origination, Servicing Homebuyers Chase Jumbo Loans as Limits Near Expiration Share
November Index of Improving Markets Eclipses Previous Record at 125 in Data, Government, Origination, Secondary Market, Servicing Share November 6, 2012 431 Views Agents & Brokers Attorneys & Title Companies Home Prices Housing Permits Investors Jobs Lenders & Servicers National Association of Home Builders Processing Service Providers 2012-11-06 Tory Barringer The number of housing markets across the country showing lasting improvement expanded by leaps and bounds in November, according to a report from the “”National Association of Home Builders””:http://www.nahb.org/default.aspx (NAHB).[IMAGE]The Improving Markets Index (IMI), put together monthly by NAHB and “”First American,””:http://www.firstam.com/ showed 125 markets demonstrating consistent improvement, up from the previous record high of 103 in October.[COLUMN_BREAK]This marks the third monthly gain for the index, which now includes markets in 38 states and the District of Columbia.In addition, 97 of the 103 markets listed in October retained their spots on the list, observed Barry Rutenberg, NAHB chairman and a homebuilder from Gainesville, Florida.””This shows that a housing recovery is firmly taking root and helping generate needed jobs and economic growth across much of the country–though we know that this expansion could be even stronger were it not for ongoing challenges including overly tight lending conditions and difficult appraisals,”” Rutenberg said.The index identifies metro areas that have shown improvement from their respective troughs in housing permits, employment, and home prices for at least six straight months. The list for November includes locations ranging from San Diego, California, to Charlotte, North Carolina, and many places in between.According to NAHB chief economist David Crowe, the number of improving markets in November 2012 is more than four times the number that made the November 2011 list. It also represents about one-third of all the markets surveyed for the index.
Purchasing a home is unquestionably one of the biggest expenditures most consumers will make in a lifetime. It’s exciting, it’s nerve-wracking, it’s fraught with decisions. And when you finally find the “perfect” space to call your own, it’s also nearly impossible to resist—especially these days with inventory drum-tight, interest rates still hovering near the lowest recorded numbers in the past 30 years, and intense competition for the available properties. Sadly, for some buyers, that urge to acquire an abode is putting them in a precarious financial position, according to a new WalletHub study.The company recently set about determining which U.S. cities have the most overleveraged mortgage debtors. WalletHub compared the median mortgage balances against the median income and median home value in more than 2,500 cities.The nation’s number-one most overleveraged city, according to WalletHub? Willis, Texas, with an overleverage score of 65.77. How do the numbers shake out? Median mortgage debt in Willis is $141,422, while the median home value sits at $74,600. Median income is $33,933, mortgage debt-to-income ratio is 417 percent, and mortgage debt-to-house value ratio is 190 percent.Number two on the list is Ewa Beach, Hawaii, which garnered a 65.33 overleverage score. There, median mortgage debt is $357,535 and median home value is $468,200, while median income stands at $35,656. The mortgage debt-to-income ratio is 1003 percent, and the mortgage debt-to-house value ratio totals 76 percent.Now that you have an idea of how the scoring system works, here are the overleverage scores for the remaining cities in the top 10: Dumfries, Virginia—65.29; Kahului, Hawaii—63.66; Santa Ana, California—62.3; Lahaina, Hawaii—62.2; Watsonville, California—58.35; Bell Gardens, California—56.35; Vista, California—55.72; and Richmond, Texas—55.51.A simple tool like a mortgage calculator can be a huge aid in figuring out an affordable monthly payment and realistic payoff timeline, WalletHub says. Plus, a credit-score makeover (if necessary) is also a big help, it advises. The critical key, it notes, is knowledge.“As with any major financial decision, it’s wise to improve one’s credit score before applying for a mortgage in order to qualify for the best possible rates,” WalletHub said. “Without a good grasp of how to pay off mortgage debt, consumers might find that debt unsustainable.” Affordability Debt Mortgage Debt mortgage leverage WalletHub 2018-04-19 Alison Rich April 19, 2018 708 Views in Daily Dose, Featured, journal, Market Studies, News, Origination Homebuyers: Overleveraged and Under Pressure Share
Rising Rent Vs. The American Dream Share November 20, 2018 747 Views in Daily Dose, Data, Featured, Market Studies, News, Servicing Affordability CoreLogic HOUSING Molly Boesel Rent prices SFRI Single-Family Rental 2018-11-20 Donna Joseph One of the most defining traits of the American dream is homeownership. A continuous rise in rent prices is likely to be a driving force for many to pursue that dream. Moreover, the upsurge in rent prices over the past few months, especially in low-to-mid tier rentals is also likely to have a significant impact on the single-family rental market.The latest Single-Family Rent Index (SFRI) released by CoreLogic, has revealed that U.S. single-family rent prices increased 3.2 percent year-over-year in September 2018. However, rent price increases have slowed since reaching a peak of 4.2 percent in February 2016 and have remained stable over the past year with a monthly average of 2.9 percent. Among the 20 metro areas analyzed by CoreLogic, Phoenix had the highest year-over-year rent price increase at 6.6 percent followed by Las Vegas at 6.2 percent and Orlando at 6 percent for the first time this year. Low rental home inventory, depending on the demand, contributes to the growth of single-family rent prices, the analysis noted. The SFRI found that single-family rent prices climbed between 2010 and 2018. Rent prices of low-end rentals that cost less than 75 percent of the regional median rent increased 3.9 percent year-over-year in September 2018, down from 4.2 percent in September 2017. On the other hand, high-end rentals or properties with rent prices greater than 125 percent of a region’s median rent rose by 2.8 percent in September 2018, up from 1.9 percent in September 2017.Honolulu saw the lowest rent price increase in September at 0.3 percent. However, rent prices have continued to rise in Honolulu since May 2018 when the metro experienced its first rent price increase following seven months of decline, the analysis revealed. Detroit experienced the lowest employment growth in September 2018, which could be a factor in its low rent growth of 2.8 percent.“We’ve seen a slight uptick in rent prices over the past few months as strong employment growth continues,” said Molly Boesel, Principal Economist at CoreLogic. “The strength stems from the low-to-middle price tier, which has seen a monthly average growth of 3.2 percent since January 2018.”Stronger rent growth was experienced in metro areas such as Phoenix and Orlando with limited new construction, low rental vacancies, and strong local economies. Both areas recorded a high year-over-year rent growth in September on account of employment growth of 3.8 percent and 5.9 percent year-over-year respectively. Houston saw the second highest employment growth behind Orlando in September 2018 at 4.3 percent. This is compared with the national employment growth average of 1.7 percent, according to data from the United States Bureau of Labor Statistics, the analysis stated. The SFRI also noted that rent prices continued to increase in areas affected by last year’s hurricanes like the Houston metro area, with a growth of 3.3 percent year-over-year in September 2018, up from 1.1 percent in October 2017.
Share February 4, 2019 946 Views in Daily Dose, Featured, Market Studies, News Builder confidence is up in the single-family 55+ housing market, according to the latest 55+ Housing Market Index (HMI) from the National Association of Homebuilder (NAHB) The Index score rose to 66 in Q4 2018, up six points from the previous quarter.“Overall, builders and developers in the 55+ housing market are reporting strong demand across the country,” said Chuck Ellison, Chairman of NAHB’s 55+ Housing Industry Council and VP-Land of Miller & Smith in McLean, Va. “However, builders need to continue to manage rising construction costs to keep homes in 55+ communities at affordable price points.”All three components of the index, including present sales, expected sales, and prospective buyer traffic increased in Q4. Present sales rose six points to 72, expected sales for the next six months increased five points to 70 and traffic of prospective buyers jumped 10 points to 53.The 55+ HMI measures two segments of the 55+ housing market: single-family homes and multifamily condominiums. Each segment of the 55+ HMI measures builder sentiment based on a survey that asks if current sales, prospective buyer traffic and anticipated six-month sales for that market are good, fair or poor (high, average or low for traffic).NAHB also notes increases in the multifamily 55+ condo market, with a three-point gain to 47. The index component for present sales for condos increased three points to 51, expected sales for the next six months fell four points to 49 and traffic of prospective buyers rose seven points to 38. In the 55+ multifamily rental market, two out of four components saw increases. According to the NAHB, present production increased six points to 60 and present demand for existing units rose four points to 67, while future expected production and future expected demand both fell two points to 54 and 62, respectively.“Like the broader housing market, the 55+ HMI is benefitting from the recent decline in mortgage rates,” said NAHB Chief Economist Robert Dietz. “Favorable demographics and solid homeowner wealth should continue to support demand for new 55+ housing.”The full 55+ HMI tables can be found here. Good News for 55+ Homebuyers 55+ Affordability Buyers Condos Home Sales National Association of Home Builders Single-Family 2019-02-04 Seth Welborn
Living Metro Metro Areas 2019-05-16 Mike Albanese Transportation Trends and Housing Affordability May 16, 2019 417 Views in Daily Dose, Data, Featured, News Living in a big city requires many things today. A car, however, is not one of them.A new report by Trulia surveyed some of the largest markets in the nation, and found that New York, New York, has the lowest people-per-vehicle ratio of any metro in the nation, with one car for every 12.58 people.The report studied ZIP codes of every metro market in the nation. ZIP codes associated to the New York—or the metro market of New York-Newark-New Jersey-Connecticut-Pennsylvania—had the 76 highest people-per-vehicle ratios.San Francisco, California, and the San Jose-San Francisco-Oakland metro market, had the second highest ratio, with 5.03 people-per-vehicle. The Boston-Worcester-Providence metro market followed with 4.60 people-per-vehicle.One trait that follows suit is the link to income and vehicles, as the average salary for all the highest-ranking New York markets was roughly $51,000. Another factor to consider, according to Trulia, is the density of population.“Lower incomes, for their part, mean people are less able to afford a vehicle,” the report states. “And greater population density does two things: First, it makes space for parking more scarce and so, all else equal, more costly. Second, greater population density allows places to support public transit that is both more frequent and more efficient. Pricier parking and better transit both discourage the use of vehicles.”“Take New York and Boston: In these metros it is density—not income—that is most clearly associated with the number of people per vehicle (especially in the denser parts of these metros),” according to the report. “At the same time, in Los Angeles and Houston it is income, not density, that is more closely associated with that number.”The report states that the Knoxville, Tennessee, region has the lowest people-per-vehicle ratio in the nation for metros with more than 1 million residents with 1.31 people-per-vehicle. The metro areas of Dayton, Ohio (1.36) and Denver, Colorado (1.37) were close behind.The town of Dennis, Massachusetts, had the nations lowest person-per-vehicle ratio at 0.98. Dennis has a reported population of just 507.Houston, Texas, had the highest income-per-capita at $196,772, but had a person-per-vehicle ratio of just 1.22. The metro area of Fresno, California, reportedly had the lowest income-per-capita at $8,814, and had a person-per-vehicle ratio of 3.26. Share
From the cover onward, Venture’s 2017-18 Indochina Brochure – combining breathtaking scenery, beaches, ethnic diversity, and history – has been reworked, with a change of name (previously ‘Vietnam, Laos, Cambodia & Myanmar’) and showcasing a range of small group tours and experiential adventures in the region. Hotel options in each destination have also been reviewed & heavily revised, to offer a more complete range of affordable, through to boutique & luxury grade accommodation. to suit a wide range of budgets.The brochure includes small group tours through Vietnam, Cambodia, Laos & Myanmar, a dedicated river cruise section, offering a range of river cruises between Vietnam & Cambodia and within amazing Myanmar and an expanded program of sightseeing – including the fascinating and unusual! Ho Chi Minh City: Vespa Tour – Saigon After DarkDalat: Hiking TourHanoi: Street Easts & Market Tour and Red River Cycling TourSapa: Mountain Trekking & Home StayVientiane: Mountain & Jungle Orchid TrekLuang Prabang: Tuk Tuk City TourMandalay: Pyin-Oo-Lwin Hill Station Experience The new brochure can be downloaded here. Delivery commenced on Thursday 4 May, brochures are available to order via Brochure Flow and Templar. BrochuresCambodiaIndochinaLaosMyanmarVENTURE HolidaysVietnam
Cover-Moretravel insurance Cover-More has announced a new travel insurance partnership with Commonwealth Bank for the Group’s credit card and retail travel insurance business.Under the agreement, Cover-More will become the Group’s exclusive provider of products and services for travel insurance included with eligible credit and debit cards as well as for the Group’s websites and banking portals such as NetBank, the CommBank website and the CommBank app.“Commonwealth Bank has a clear vision of how travel insurance can deepen the relationship with customers,” said Cover-More Group Chief Executive Officer, Mike Emmett.“Australians are among the most avid travellers in the world with more than nine million of us heading overseas each year. Cover-More has been looking after Australians’ travel dreams for more than 30 years and we’ve built our business success on strong partnerships and a strong commitment to doing the right thing when travellers need help.“Today, people access travel insurance in all sorts of ways — online, in-store, with their credit cards—and Cover-More aims to be present in all those disparate channels so we can continue to protect as many Australian travellers as possible. Our value proposition is built on the relatively simple ethos that we care and we keep our promises.”
MICEOaks Hotels Oaks Hotels, Resorts & Suites has launched a new incentive across three of its most popular conferencing destinations in Australia, to reward event planners and attendees with a host of bonus inclusions and unique local experiences.Exclusively available at Oaks Cypress Lakes Resort in New South Wales’ Hunter Valley, Oaks Oasis Resort on Queensland’s Sunshine Coast and the newly acquired Oaks Resort Port Douglas in Tropical North Queensland, the new incentive will serve to encourage organisers to book, save and enjoy special perks and privileges with Oaks.Conferencing groups who book a new event at any of the three participating resort properties will receive one of four bonus extras; either a complimentary coach transfer, four nights’ accommodation at any Oaks Hotels, Resorts & Suites property, 2% off the total bill or a local special offer – theirs to choose.
20202021Australian seasoncruiseRoyal Caribbean Royal Caribbean’s Australian 2020/21 summer cruise season features four megaliners to choose from and two home ports – including Sydney and from November 2020, Brisbane’s brand new International Cruise Terminal.Now open for sale, the 2020/2021 season will offer more itineraries than ever before, with over 80 sailings for Australian travellers to choose from, ranging from 2 to 19 nights to destinations in the South Pacific, New Zealand and Australia.After a three year absence, Royal Caribbean will return to home porting in Brisbane with the 2400-guest ‘culinary ship’, Radiance of the Seas, fresh from a multi-million dollar makeover. Known for her bright airy spaces and incredible range of 19 restaurants, bars and lounges, the ship will offer 22 Brisbane sailings, focusing on 7-11 night South Pacific cruises, plus three sampler cruises. Family fares start from just AUD$809 per person, quad share for a nine night South Pacific sailing, departing Brisbane on 3 February 2021.Serenade of the Seas – will sail from Sydney’s Overseas Passenger Terminal for the first time from October 2020 to April 2021, offering 18 dining venues, bars and lounges, as well as a rock climbing wall, 9-hole mini golf course and three pools. The ship will offer 21 Sydney sailings ranging from 5 to 19 nights to a range of destinations, including the South Pacific, New Zealand and Australia. As part of the line’s ‘Buy One, Get One Half Price’ offer, prices start from just AUD$1849 for the first guest and AUD$949 for the second for a 10 night New Zealand cruise, departing Sydney on 21 November 2020.Australia’s largest and most technologically advanced cruise ship, Ovation of the Seas, returns for her fifth season down under. Each cruise can cater to up to 4,900 guests, who will continue to enjoy incredible thrills such as the iFly skydiving experience, North Star viewing capsule and bumper cars included in their fare as standard. Ovation of the Seas will offer 19 sailings from Sydney, ranging from 2 to 19 nights to destinations including the South Pacific, New Zealand and Australia. Prices start from just AUD$1,699 per person, twin share for a Balcony Stateroom, including a free upgrade to a Balcony from Oceanview.Voyager of the Seas returns to Sydney in October 2020. With capacity for 4000 guests, the megaliner is widely considered the ship which started the revolution for larger, newer and more feature-packed ships being deployed down under. Voyager of the Seas will offer 22 sailings, focusing on South Pacific voyages of between 9 and 13 nights, plus three sampler cruises.Terms and conditions apply.IMAGE: The solarium on Serenade of the Seas
airlinescodeshareGaruda IndonesiaSingapore Airlines Singapore Airlines (SIA) and Garuda Indonesia have signed an expanded codeshare agreement to codeshare on each other’s flights between Singapore and the Indonesian capital, Jakarta. SIA and Garuda Indonesia each operate nine flights per day on the route.The two carriers first started codesharing in 2010 on each other’s flights between Singapore and Denpasar (Bali). In 2014, the agreement was expanded to include flights between Singapore and Surabaya. SIA’s regional subsidiary SilkAir also codeshares on Garuda Indonesia-operated flights to Denpasar and Surabaya, while Garuda Indonesia codeshares on SilkAir-operated flights to ten destinations in its Indonesia network.“We are delighted to be further expanding our agreement with Garuda Indonesia to include more codeshare flights for our customers,” said SIA’s Senior Vice President Marketing Planning, Mr Tan Kai Ping.“Indonesia is a very popular tourism and business destination and we are pleased to make the country more accessible to travellers from all around the world. This reflects our continuous efforts to work with our partners to offer more seamless travel experiences for our customers.”
Grace expects Greinke trade to have emotional impact Top Stories Magee has since been claimed off of waivers by the Cleveland Browns, while Carr and Ross were signed to the practice squads of the teams that initially released them.Taylor, who was let go by Bruce Arians and Co. Saturday, was also signed to the Cardinals’ practice squad Monday.UA cutsSpencer Larsen (Buccaneers), Ricky Elmore (Redskins), Colin Baxter (Chargers), Trevin Wade (Browns), Mike Thomas (Cardinals), Dan Buckner (Cardinals), Fendi Onobun (Bears), Matt Scott (Jaguars) and David Douglas (Buccaneers).Scott and Onobun were signed to their teams’ respective practice squads. D’Aundre Reed (Vikings) and Chris Gronkowski (Chargers) were also waived/put on IR by their respective teams.Onubun was also later signed to Chicago’s practice squad. Derrick Hall satisfied with D-backs’ buying and selling 0 Comments Share Former Cardinals kicker Phil Dawson retires The National Football League can be a cruel business, as several players experienced this weekend with rosters being trimmed to 53.Unfortunately, local products from Arizona and Arizona State were not immune to business side of the game.ASU cutsKerry Taylor (Cardinals), Colin Parker (Cardinals) Gerell Robinson (Broncos), Brandon Magee (Cowboys), Lawrence Guy (Colts), Garth Gerhart (Packers), Deveron Carr (Buccaneers), Rashad Ross (Titans), Ryan Torain (Giants) and Brandon Smith (Packers). The 5: Takeaways from the Coyotes’ introduction of Alex Meruelo
Derrick Hall satisfied with D-backs’ buying and selling The 5: Takeaways from the Coyotes’ introduction of Alex Meruelo “Because you know there would be a lot of people looking at Larry and Michael, and it just opened up big time,” he said. “So I was prepared for it.”Apparently the 49ers were not.“No one knows me,” Brown said with a laugh. “[My teammates] know that once I get the ball, I can do things. Coach does the right things and calls the right plays.”To be fair, Brown is not nearly the surprise he probably should be. The 5-foot-11, 179-pound third-round pick out of Pittsburg State was a star throughout the offseason, seemingly getting open and making big catches on a daily basis. “We knew he had the capability right off the bat when he showed up,” said quarterback Drew Stanton. “The game comes to him a lot easier than most rookies. He understands B.A.’s offense, and he’s got a good package to try and get him in there and allow him to do what he does.”Sunday’s outburst was most certainly by design.“Well you know, Johnny is getting better and better and we felt like we could match him up on their safety some,” Cardinals coach Bruce Arians said of his rookie. Former Cardinals kicker Phil Dawson retires Grace expects Greinke trade to have emotional impact GLENDALE, Ariz. — John Brown said he had a feeling this was going to be a big game for him.“Coming out, it was just the whole practice week, it was just like the game plan was around me, to try to get the ball in my hands more,” the rookie said after he caught four passes for 52 yards and two touchdowns in Arizona’s 23-14 win over the San Francisco 49ers. Brown also drew a key pass interference late as the Cardinals were driving to put the game away. Top Stories 0 Comments Share – / 44