Tourism

Residential properties across Dubai have seen an overall 11.2 per cent annual fall in capital values, with quarterly declines decelerating to 2.6 per cent.

That is according to the latest figures from ValuStrat.

The downward trend has resulted in 31 per cent citywide capital value loss since the peaks of mid-2014.

All established freehold locations monitored by the VPI witnessed price drops since the last quarter, ranging from 1.8 per cent to 4.5 per cent, according to the ValuStrat Price Index.

On an annual basis, three out of 26 locations were more resilient to downward pressure and saw single-digit declines, villas in Palm Jumeirah and Emirates Hills, as well as apartments in Dubai Sports City, stated VPI.

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Capital values dropped more than 15 per cent annually for apartments in Discovery Gardens and Dubai Production City.

“Residential capital values per sq. ft approached 2012 levels prompting a 40 per cent annual rise in off-plan sales and a 34 per cent growth in ready home sales.

“Additionally, more than half of residential sales were for apartments priced less than Dh1 million and villas priced less than Dh2 million,” said Haider Tuaima, head of real estate research at ValuStrat.

The Dubai VPI analyses residential rental values.

Tourism

Travel and tourism remained one of the key growth drivers of Africas economy, contributing 8.5 per cent of the GDP in 2018; equivalent to $194.2 billion.

According to the 2019 Jumia hospitality report on Africa, this growth record placed the continent as the second-fastest growing tourism region in the world.

This compares with a growth rate of 5.6 per cent in Asia Pacific and against a 3.9 per cent global average growth rate.

“Our focus is to continue showcasing Africa as a continent full of beauty and opportunity.

“Through this report, we want to help draw attention to the vast potential of the tourism industry, that we believe is an untapped lever of economic growth,” said Jumia head of travel, Estelle Verdier.

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She was speaking during the official release of the annual report at the Africa Hotel Investment Forum in Addis Ababa.

Africa received 67 million international tourist arrivals in 2018, a record seven per cent increase from 63 million arrivals in 2017.

This gradual increase is attributed to the affordability and ease of travel especially within the continent, with spending among domestic travellers accounting for 56 per cent as compared to 44 per cent international expenditure.

Additionally, leisure travel remains an important component of Africas tourism industry, taking up a majority 71 per cent of the tourist expenditure in 2018.

Tourism

According to Travel Buenos Aires, over 34,000 Brits visited the city in the first half of 2019.

The figure means around 15 per cent more visitors arrived from the UK than in the same period of 2018.

Research commissioned by the Latin American Travel Association and conducted by travel intelligence specialists, Forward Keys, shows that Argentina has seen a significant increase (up by 4.6 per cent) in booking figures between August and December.

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The destination is now the fourth most popular destination in Latin America among Brits up until early 2020.

More Information

Find out more about visiting Buenos Aires on the official website.

Breaking Travel News also visited the Argentine capital earlier this year – take a look at what we found Read More – Source

Tourism

Edmund Bartlett, minister of tourism for Jamaica, has been recognised by the African travel and tourism industry for his exemplary contribution to the growth of the sector on the continent.

ATQ News and Akwaaba African Travel Market have selected Bartlett as one of the Africa Top 100 Tourism Personalities to be honoured at the first African Tourism Diaspora Conference.

The event takes place in Lagos, Nigeria, from today until Tuesday.

Publisher of ATQ News, Ikechi Uko, said: “The award recognises personalities of African origin, living in Africa or outside the continent, irrespective of their current citizenship or nationality who are willing to contribute to the development of the continent and its diaspora.”

While he is unable to accept the award in person due to prior commitments, Bartlett has acknowledged the prestigious Africa Travel 100 Global Personalities Award as a tremendous honour for the work he has been doing on behalf of Jamaica and reaffirmation that it is a tour de force in the global travel industry.

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“The relationship Jamaicas tourism industry has with the continent of Africa is very meaningful.

“I therefore wholeheartedly thank the African Tourism Diaspora for this wonderful recognition, which I believe will further strengthen the relationship Jamaica has with the continent,” said Bartlett in his letter acknowledging the award.

Jamaican high commissioner, Esmond St C Reid, will receive the award on his behalf.

Bartlett is a member of African Tourism Board Association and has been working to create avenues for continued growth and corporation between the nations of Africa and Jamaica which recently signed a memorandum of understanding with Kenya to broaden cooperation in tourismRead More – Source

Tourism

According to Travel Buenos Aires, over 34,000 Brits visited the city in the first half of 2019.

The figure means around 15 per cent more visitors arrived from the UK than in the same period of 2018.

Research commissioned by the Latin American Travel Association and conducted by travel intelligence specialists, Forward Keys, shows that Argentina has seen a significant increase (up by 4.6 per cent) in booking figures between August and December.

ADVERTISEMENT

The destination is now the fourth most popular destination in Latin America among Brits up until early 2020.

More Information

Find out more about visiting Buenos Aires on the official website.

Breaking Travel News also visited the Argentine capital earlier this year – take a look at what we found Read More – Source

Tourism

Edmund Bartlett, minister of tourism for Jamaica, has been recognised by the African travel and tourism industry for his exemplary contribution to the growth of the sector on the continent.

ATQ News and Akwaaba African Travel Market have selected Bartlett as one of the Africa Top 100 Tourism Personalities to be honoured at the first African Tourism Diaspora Conference.

The event takes place in Lagos, Nigeria, from today until Tuesday.

Publisher of ATQ News, Ikechi Uko, said: “The award recognises personalities of African origin, living in Africa or outside the continent, irrespective of their current citizenship or nationality who are willing to contribute to the development of the continent and its diaspora.”

While he is unable to accept the award in person due to prior commitments, Bartlett has acknowledged the prestigious Africa Travel 100 Global Personalities Award as a tremendous honour for the work he has been doing on behalf of Jamaica and reaffirmation that it is a tour de force in the global travel industry.

ADVERTISEMENT

“The relationship Jamaicas tourism industry has with the continent of Africa is very meaningful.

“I therefore wholeheartedly thank the African Tourism Diaspora for this wonderful recognition, which I believe will further strengthen the relationship Jamaica has with the continent,” said Bartlett in his letter acknowledging the award.

Jamaican high commissioner, Esmond St C Reid, will receive the award on his behalf.

Bartlett is a member of African Tourism Board Association and has been working to create avenues for continued growth and corporation between the nations of Africa and Jamaica which recently signed a memorandum of understanding with Kenya to broaden cooperation in tourismRead More – Source

Tourism

Edmund Bartlett, minister of tourism for Jamaica, has been recognised by the African travel and tourism industry for his exemplary contribution to the growth of the sector on the continent.

ATQ News and Akwaaba African Travel Market have selected Bartlett as one of the Africa Top 100 Tourism Personalities to be honoured at the first African Tourism Diaspora Conference.

The event takes place in Lagos, Nigeria, from today until Tuesday.

Publisher of ATQ News, Ikechi Uko, said: “The award recognises personalities of African origin, living in Africa or outside the continent, irrespective of their current citizenship or nationality who are willing to contribute to the development of the continent and its diaspora.”

While he is unable to accept the award in person due to prior commitments, Bartlett has acknowledged the prestigious Africa Travel 100 Global Personalities Award as a tremendous honour for the work he has been doing on behalf of Jamaica and reaffirmation that it is a tour de force in the global travel industry.

ADVERTISEMENT

“The relationship Jamaicas tourism industry has with the continent of Africa is very meaningful.

“I therefore wholeheartedly thank the African Tourism Diaspora for this wonderful recognition, which I believe will further strengthen the relationship Jamaica has with the continent,” said Bartlett in his letter acknowledging the award.

Jamaican high commissioner, Esmond St C Reid, will receive the award on his behalf.

Bartlett is a member of African Tourism Board Association and has been working to create avenues for continued growth and corporation between the nations of Africa and Jamaica which recently signed a memorandum of understanding with Kenya to broaden cooperation in tourismRead More – Source

Tourism

Vietnam Airlines will begin direct flights from Ho Chi Minh City to Bali in Indonesia.

At the same time, the flag-carrier will also launch new departures to Phuket, tourism capital of Thailand.

The new routes bring the popular holiday islands, known for their beautiful beaches, diverse food culture and a wide range of festivals within a direct flight from Vietnam.

From October 27th until March next year, the carrier expected to operate the Bali route five times per week.

This is due to operational restrictions at Denpasar Airport.

After this, it is expected to become a daily flight.

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Flights will depart from Ho Chi Minh City at 11:10 and from Bali at 16:50 every Monday, Tuesday, Thursday, Friday and Sunday of each week.

This is the second route launched by Vietnam Airlines that connects Vietnam and Indonesia, following the launch of services between Ho Chi Minh City and Jakarta in December 2012.

Meanwhile, Vietnam Airlines third route connecting Vietnam and Thailand will be run three times weekly, departing from Ho Chi Minh City at 15:50 and from Phuket at 18:40 every Tuesday, Friday and Sunday.

Tourism

Edmund Bartlett, minister of tourism for Jamaica, has been recognised by the African travel and tourism industry for his exemplary contribution to the growth of the sector on the continent.

ATQ News and Akwaaba African Travel Market have selected Bartlett as one of the Africa Top 100 Tourism Personalities to be honoured at the first African Tourism Diaspora Conference.

The event takes place in Lagos, Nigeria, from today until Tuesday.

Publisher of ATQ News, Ikechi Uko, said: “The award recognises personalities of African origin, living in Africa or outside the continent, irrespective of their current citizenship or nationality who are willing to contribute to the development of the continent and its diaspora.”

While he is unable to accept the award in person due to prior commitments, Bartlett has acknowledged the prestigious Africa Travel 100 Global Personalities Award as a tremendous honour for the work he has been doing on behalf of Jamaica and reaffirmation that it is a tour de force in the global travel industry.

ADVERTISEMENT

“The relationship Jamaicas tourism industry has with the continent of Africa is very meaningful.

“I therefore wholeheartedly thank the African Tourism Diaspora for this wonderful recognition, which I believe will further strengthen the relationship Jamaica has with the continent,” said Bartlett in his letter acknowledging the award.

Jamaican high commissioner, Esmond St C Reid, will receive the award on his behalf.

Bartlett is a member of African Tourism Board Association and has been working to create avenues for continued growth and corporation between the nations of Africa and Jamaica which recently signed a memorandum of understanding with Kenya to broaden cooperation in tourismRead More – Source

Tourism

Vietnam Airlines will begin direct flights from Ho Chi Minh City to Bali in Indonesia.

At the same time, the flag-carrier will also launch new departures to Phuket, tourism capital of Thailand.

The new routes bring the popular holiday islands, known for their beautiful beaches, diverse food culture and a wide range of festivals within a direct flight from Vietnam.

From October 27th until March next year, the carrier expected to operate the Bali route five times per week.

This is due to operational restrictions at Denpasar Airport.

After this, it is expected to become a daily flight.

ADVERTISEMENT

Flights will depart from Ho Chi Minh City at 11:10 and from Bali at 16:50 every Monday, Tuesday, Thursday, Friday and Sunday of each week.

This is the second route launched by Vietnam Airlines that connects Vietnam and Indonesia, following the launch of services between Ho Chi Minh City and Jakarta in December 2012.

Meanwhile, Vietnam Airlines third route connecting Vietnam and Thailand will be run three times weekly, departing from Ho Chi Minh City at 15:50 and from Phuket at 18:40 every Tuesday, Friday and Sunday.