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TUI Group to rebrand five airlines as ‘TUI’

TUI Group plans to rebrand its five airlines under a single “TUI” brand as part of its roadmap for growth initiative to be achieved by 2018. TUI currently operates around 140 medium- and long-haul aircraft in various markets under different brand names—TUIfly (Germany), Thomson Airways (UK), ArkeFly (Netherlands), Jetairfly (Brussels) and TUIfly Nordic (Sweden).

 

World’s largest hotel to be built in Mecca

A hotel with 10,000 rooms, covering 1.4 million square meters is going under construction and is expected to open in Mecca, Saudi Arabia, in just 2 short years in 2017. The mixed-used development, named Abraj Kudai, will cost US$3.5 billion to build and will feature its own shopping mall, convention center, food court, bus station, and several rooftop helipads.

Ov Holidays opens a new resort in Maldives

OV Holidays opens a new resort in Maldives called Kandolhu Island Resort which promises to provide tourists with the ultimate pleasure in luxury, comfort and personalized services.Kandolhu is among the new resorts in Maldives which has become a dream destination for those who love to experience the finest in luxury, comfort, food and wine.

Per Aquum opens a one-of-a-kind underwater lounge

Subsix has modified its space to suit private occasions that guests celebrate and is fast capturing the attention of travelers. Instead of catering exclusively to travellers who would party away at the weekly DJ nights, Subsix is now offering their newly reimagined space to guests who might also want to enjoy private breakfasts, lunches, gourmet dinners and entertain guests who plan to pop surprise midnight proposals.

The global wellness economy is projected to grow

Wellness tourism represents six per cent of all domestic and international trips and 14 per cent of all domestic and international tourism expenditure. Wellness tourism is projected to grow by more than 9 per cent per year through 2017, nearly 50 per cent faster than overall global tourism, Anni Hood, Director at Global Wellness Institute, said.

Eurozone growth outstrips US economy

The eurozone economy is growing faster than the U.S. and at its highest tick in nearly two years despite a disappointing slowdown in Germany and recession’s return in Greece. Growth hasn’t been this strong since the second quarter of 2013, when it also stood at 0.4 percent in the wake of the region’s longest-ever recession.

German tourism groups are successfully expanding their own hotel brands

TUI, Thomas Cook, DER Touristik and Alltours all see such exclusively offered branded hotels as an importantGerman tourism groups product to target lucrative customer segments and achieve higher yields. FTI Touristik is looking at following suit. The overwhelming majority of their branded hotels are four-star properties, with a mix of premium five-star and budget three-star hotels rounding off the mix.

Laamu Integrated Resort Development Project to drive Maldives tourism

Reflecting the importance of tourism to the Maldives economy, President Yameen has outlined “Laamu” Integrated Resort Development Project as an integrated approach to resorts that will work to achieve a balanced development that satisfies economic, environmental, and socio-cultural objectives through controlled planning and implementation of resort projects. A long-term project development taking over a period of many years at times, an integrated project involves constant monitoring and control at different phases of development to ensure that the basic concept can be adapted to changing circumstances as well as changing market demands.

SC Capital Partners acquires upscale resort in the Maldives

Singapore based institutional real estate private equity investment firm, SC Capital Partners has acquired a 124-villa upscale resort in the Maldives for an undisclosed amount.Formed in 2004, SC Capital Partners is a 100 per cent employee-owned, and invests in in multiple property types, including office, retail, multi-family, hospitality and mixed-use assets, across China, Hong Kong, Japan, Singapore, South Korea, Australia, Thailand and Myanmar.

Leonardo DiCaprio to develop Eco Branded Luxury Villas

Hollywood star Leonardo DiCaprio is making international news on his partnership in a Belize luxury eco resort and luxury villas for sale. Partnering with New York-based Delos development the group is restoring a 104 acre caye in Central American.