The Croatian hotel market is stagnating in the development of the offer, shows the global report of Horwath HTL

first_imgMost of the leading domestic chains have become involved in the portfolio branding process by increasing the total number of domestic brands in the market. This trend is in line with developments in the European market, but the motives for these processes are not yet entirely clear (for example, portfolio sales or regional expansion). The report showed that the Croatian hotel market is stagnating in the development of the offer mainly because the current market is favorable for the development of private accommodation (low taxes, regulatory environment), but also because of low incentives for hotel development, which is the key reason for dominance of domestic hotel chains – 9 percent of hotel companies generate 85 percent of total industry revenue. The annual global report of the consulting company Horwath HTL on hotel chains “European Chains & Hotels Report 2019” covers 22 European countries, including Croatia. Domestic chains as the main drivers of growth The hotel market still relies on the summer season Although Zagreb is on the rise (with three new internationally branded projects planned), the majority of projects are based on coastal areas (as much as 75 percent) and well-known destinations (Hvar, Dubrovnik, Rovinj, Porec). Key statistics for Croatia / Horwath HTL Domestic chains were active in the investment market where the largest hotel chains opened at least one new property in 2018. The top five hotel chains have opened eleven properties, or 2,5 new rooms on the market. Others were primarily based on the development of small hotels. In 2018, growth was recorded, however, with the risk of slowdown that occurs due to the recovery of the Mediterranean region, but also development strategies aimed at earning money without a significant increase in value-added supply, competitiveness begins to lose. On the other hand, pre- and postseason offers significant growth potential that can be captured by smart initiatives and management. In Zagreb, as the only continental destination on the rise, three new hotel chains were opened in 2018, and three are planned. Ranking by degrees and size / Horwath HTL High seasonality and the current level of business in Croatia (ranked 58th and 159th in terms of issuing building permits) remains a major obstacle for international investors, especially in terms of taking development and ownership risks. But there are still positive examples in the market that can boost investor confidence. Horwath’s report to 22 countries cites information that in 2018, there were a total of 146.600 hotels on the market, or over six million rooms. France had the most hotels within the hotel chain, as many as 3885, while Albania had the least branded hotels. Attachment: HORWATH HTL / European Chains & Hotels Report 2019 The report showed that the main potential is off-season offers. In Montenegro, great potential has been recognized due to the favorable conditions it offers to investors and the encouragement of a luxury tourist product. Greece is back in the top 15 world tourist destinations. In 2018, they opened 150 new luxury hotels, which contributed to the fact that one in five Greek hotels falls into the category of four or five stars. And, although on shaky ground over Brexit, the United Kingdom has invested almost € 4 billion in its hotel sector. Ratio of international and domestic brands / Horwath HTL New brands of domestic chains Ranking by destinations / Horwath HTLlast_img read more

Loose social distancing rules point to slow Indonesian recovery

first_img“The Indonesian government’s response to Covid-19 has been slow, unclear and fractured,” Fitch Solutions said in a report. “Given the late containment efforts in Indonesia, we believe that the Covid-19 outbreak will likely last longer compared to other countries in the region. As such, containment measures and border closures will also remain in place for longer.”Jokowi has rejected calls for a complete lockdown, citing the impact on jobs and businesses. But he’s pushing for stricter social distancing and this week banned an annual ritual of millions of Muslims traveling to hometowns and villages ahead of the Eid al-Fitr festival. He held back on the ban until the government rolled out billions of dollars in food and social assistance programs to shield millions left jobless.Jokowi has denied charges of being slow to respond to the pandemic, saying his administration had started preparing for it as early as January but was hamstrung by “brutal competition” among nations to secure the supply of test kits and other medical equipment.Testing failure Indonesia opted for less punishing social-distancing measures than its neighbors to stem the spread of the coronavirus. Now analysts are warning its economy will take much longer to recover than others in Southeast Asia.With the peak of the pandemic expected in late May, President Joko Widodo is recalibrating his strategy of large-scale social distancing rules and calling for a ramp-up of testing to contain the impact of the virus that’s been the deadliest in Asia after China and India. While more cities are opting for partial lockdowns, more than two-thirds of the country’s 270 million population remain only under voluntary isolation, fanning infections now to more than 260 cities across the archipelago.The president’s approach to the crisis stands in sharp contrast to the nationwide lockdowns in countries like India and Malaysia, which are now set to relax some curbs. Indonesian officials estimate the disease will infect about 95,000 people before easing. Jokowi, as Widodo is known, may need to add to the $28 billion in stimulus to fight the economic shock from the pandemic. A failure to conduct mass testing in the early period of the outbreak means there may be as many as 60,000 people needing treatment by the end of May, according to Pandu Riono, an epidemiologist at the University of Indonesia. The virus has infected almost 7,800 people and killed 647 even with the enforcement of some social distancing rules for more than a month.“Our estimate right now is that 86% of the infections out there are asymptomatic,” Riono said, adding the government can contain the number of people needing medical attention to about 12,000 at its peak by adopting stricter social distancing policy nationally.But concerns are mounting about the cost of protecting the economy. While countries like South Korea and Taiwan have been successful in reining in the pandemic with least disruptions to mobility, others like Japan and Singapore have tightened social distancing rules after shunning strict measures initially.Singapore — a country experienced in handling epidemics — showed it’s possible to be wrong-footed by the coronavirus. It’s now home to Southeast Asia’s largest recorded outbreak and is racing to regain control, with most new cases centered in the crowded accommodation that’s home to more than 200,000 of the city-state’s foreign workers.Indonesian authorities extended the partial lockdown in capital Jakarta for another month, saying the measures haven’t been effective enough to slow the virus spread. Governor Anies Baswedan on Wednesday threatened to slap hefty penalties on violators after authorities filed cases against more than 30 companies for failing to comply with work-from-home orders.The lax enforcement of mobility rules, which bans gatherings of more than five people but allows travel, may point to a longer recovery trajectory for Indonesia, according to Jeffrosenberg Tan, head of investment strategy at PT Sinarmas Sekuritas in Jakarta.“Looking how things are going under the stricter social distancing measures, there’s a risk that Indonesia may not reach the peak of the outbreak by May. It could be beyond June,” Tan said. “It could potentially prolong the lockdown and that would be very destructive for the economy and businesses conditions.”Weakening outlookA prolonged outbreak is weakening the outlook for Southeast Asia’s only $1 trillion economy. The government may need to expand the fiscal stimulus to 1,600 trillion rupiah ($104 billion), or about 10% of gross domestic product, to cushion the economic shock, according to nation’s top business lobby group.Finance Minister Sri Mulyani Indrawati has warned of a dire outcome of a contraction of 0.4% for the economy under a worst-case scenario. The government has suspended a cap on the budget deficit to give itself the leeway to boost spending. But the budget risks prompted S&P Global Ratings last week to downgrade Indonesia’s outlook to negative from stable.“While the government and the central bank have made aggressive moves to stimulate the economy, we believe that these efforts will not be enough to offset the devastating effects the Covid-19 pandemic will have on employment and public health in Indonesia,” Fitch Solutions said.center_img Topics :last_img read more

Three houses that sold below the Brisbane median today

first_img62 Sherwood Road, Rocklea, Qld 4106. $402,000 sold on 21 April 2017. Picture: three houses in Brisbane’s middle ring have sold in the $400,000s today, below the Queensland capital’s median sale price of $515,000.A three bedroom, one bathroom, four car space home at 62 Sherwood Road, Rocklea, in Brisbane’s south has been sold for $402,000 today, according to Kenneth Mow of Jensen Property had marketed it as great for a first home or investment.The home had been renovated throughout, with air-conditioned living and kitchen zones, internal laundry, plus high 2.7 metre ceilings. Three of the car spaces were in large lockup garage that could double as a workshop space for tradies or hobbies.More from newsMould, age, not enough to stop 17 bidders fighting for this home6 hours agoBuyers ‘crazy’ not to take govt freebies, says 28-yr-old investor6 hours ago41 Gilston Street, Keperra, Qld 4054. $440,000 sold on 21 April 2017. Picture: also listed a two bedroom, one bathroom home at 41 Gilston Street, Keperra, as having gone under contract today for $440,000.The home had been billed as a “renovator” that could provide a “great opportunity” for anyone willing to put the work into it.“This renovator enjoys an elevated position with leafy views and is only a short walk to local shops and train station,” was how agents Simon Whitehead and Robert Russell of Harcourts Solutions marketed the property. 14 Natasha Street, Wynnum West, Qld 4178: $485,000 sold on 21 April 2017. Picture: three bedder at 14 Natasha Street, Wynnum West, was also among those that sold today, fetching $485,000.Agent Chris Pisani of Johnson Real Estate – Manly West had marketed the one bedroom, two car space home as having “heaps of potential with a great big backyard”.last_img read more

House prices in Gladstone and Mackay outperform market

first_imgAn aerial view of Gladstone, which has seen a near 12 per cent increase in house prices.HOUSE prices in Gladstone have jumped nearly 12 per cent after hitting rock bottom last quarter as the market recovers from a prolonged property slump.The latest figures from the Real Estate Institute of Queensland show investors are returning to the central Queensland region as demand outweighs supply in a thriving rental market and the local economy recovers from the mining downturn.Gladstone was the surprise standout performer in the latest REIQ Quarterly Market Monitor — recording quarter on quarter growth of 11.8 per cent in its median sales price. This five-bedroom house at 3 Vincent Street, West Gladstone, is for sale for $449,000.Annually, the city’s median house price rose 3.7 per cent to a still very affordable $280,000.The figures confirm the latest Herron Todd White report, which found Gladstone’s vacancy rate has fallen to 1.8 per cent — the lowest since 2012. The report stated affordability was still a “key driver” of the market and was attracting newcomers.Further north, Mackay also outperformed the rest of the Queensland housing market, with its median house price growing by 3.9 per cent in the September quarter. Mackay house prices increased nearly 4 per cent in the September quarter, according to the REIQ.Home prices also headed north on the Fraser Coast, with the region posting 1.6 per cent annual growth in its median sale price to $325,000.Despite that growth, the REIQ says the region is still on the road to recovery.When it comes to units, Noosa stood out ahead of other regions with a whopping 15.4 per cent growth quarter on quarter in median sales price to $650,000.The unit market’s weakest performers for the quarter included Mackay and Logan, recording quarter on quarter growth of negative 27.6 per cent and negative 10.2 per cent respectively.More from newsParks and wildlife the new lust-haves post coronavirus10 hours agoNoosa’s best beachfront penthouse is about to hit the market10 hours agoThe state’s rental market tightened at a quicker pace between the June and September quarters this year compared to last year, indicating demand for rental accommodation continues to remain high. REIQ CEO Antonia Mercorella. Photo: Claudia Baxter.Brisbane LGA’s vacancy rate tightened to 1.6 per cent — the lowest rate for the region in over a decade. This being an indicator of a highly competitive market where oversupply of new rental stock is quickly taken up.The Greater Brisbane market also recorded its lowest vacancy rate in more than 10 years at 1.7 per cent, placing it well within the tight range.Gympie became the tightest rental market in the September quarter, reporting a vacancy rate of just 0.3 per cent.last_img read more

Liking a lie-in in people’s genes, researchers say

first_img Share 10 Views   no discussions Sharing is caring! Share Sharecenter_img HealthLifestyle Liking a lie-in in people’s genes, researchers say by: – December 5, 2011 Tweet The study involved more than 10,000 people in a number of European countriesPeople who like a lie-in may now have an excuse – it is at least partly down to their genes, according to experts.Experts, who studied more than 10,000 people across Europe, found those with the gene ABCC9 need around 30 minutes more sleep per night than those without the gene.The gene is carried by one in five Europeans, they say in their study, published in Molecular Psychiatry.The researchers said the finding could help explain “sleep behaviour”.Over 10,000 people took part, each reporting how long they slept and providing a blood sample for DNA analysis.People’s sleep needs can differ significantly.At the extreme, Margaret Thatcher managed on four hours of sleep a night while Albert Einstein needed 11.Fruit fliesPeople from the Orkney Isles, Croatia, the Netherlands, Italy, Estonia and Germany took part in the study.All were asked about their sleep patterns on “free” days, when people did not need to get up for work the next day, take sleeping pills or work shifts. When the researchers from the University of Edinburgh and Ludwig Maximilians University in Munich compared these figures with the results of the genetic analysis, they found those with a variation of a gene known as ABCC9 needed more sleep than the eight-hour average.They then looked at how the gene works in fruit flies, who also have it and found flies without ABCC9 slept for three hours less than normal.The gene ABCC9 is involved in sensing energy levels of cells in the body. They say this opens up a new line of research in sleep studies, and it is hoped that future work could establish exactly how this gene variant regulates how long people sleep for.Dr Jim Wilson, from the University of Edinburgh’s centre for population health sciences, said: “Humans sleep for approximately one-third of their lifetime. “A tendency to sleep for longer or shorter periods often runs in families despite the fact that the amount of sleep people need can be influenced by age, latitude, season and circadian rhythms. “These insights into the biology of sleep will be important in unravelling the health effects of sleep behaviour.”Sleep expert Neil Stanley said around half a dozen genes had been linked to sleep patterns.He added: “It’s interesting to know about these genes, but in a way our genes are an irrelevance unless you were actually to obey them – but none of us do that.”BBC Newslast_img read more

WPB Woman Gives Birth To Twins Twice in One Year

first_imgOne South Florida woman hit the twin lottery. She gave birth to two sets of twins in one year.Alexzandria Wolliston gave birth to her first set of twin boys, named Mark and Malakhi, in March of this year.On December 27th, the West Palm Beach resident welcomed Kaylen and Kaleb into the world.“I’m like, ‘Oh my gosh, I never thought I would have two,’” she said to NBC affiliate WPTV-TV.Wollison said she didn’t think that twins ran in her family until finding out that both her grandmothers had lost a set of twins at birth.“I always say that I feel like my grandmothers gave me their kids,” Wolliston explained. “I feel like they just sent them down for me.”Wollison, who also has a three-year-old daughter at home, recently brought Kaleb home from the NICU and hopes to do the same with Kaylen soon – and does not plan on having any more kids at this time.last_img read more

Four SFA players in Sub Junior football Nationals

first_imgPanjim: Metals and mining giants Vedanta Limiteds SESA Football Academy (SFA) on Tuesday announced the selection of four of its students for the Sub-Junior National meet.Aryan Salunke, Tukaram Gad, Harshit Upadhyay and Skyron Bernard will feature in the national meet, scheduled to be held in Rajasthan this month, according to a statement.Expressing his gratitude and happiness over the development, SFA President Annanya Agarwal said: “I’m extremely happy and feel like a proud parent to see four of our students from the Sanquelim academy getting selected for the Sub Junior Nationals.”“I wish them all the luck and hope to see them come with flying colors and make the academy as well as Goa proud,” he added. IANSlast_img

Broward to be sprayed for Zika bearing mosquitoes

first_imgZika carry mosquito being targetedThe mosquito being targeted is the Aedes Aegypti, the mosquito known to carry and transmit the Zika virus.The Mosquito Control Section will spray by ground between 10 p.m. and 6 a.m. between September 20 and September 29, weather permitting.Sections of Fort Lauderdale, Hallandale Beach, Hollywood, Lauderdale Lakes, Lauderhill, North Lauderdale, Oakland Park, Tamarac and Wilton Manors will be targeted. Worker fogging residential area with insecticides to kill aedes mosquito breeding ground carrier of dengue virus A portion of Broward County will be sprayed for mosquito larvae later next week following the impact of Hurricane Irma, county officials have announced.Recent heavy rains associated with the hurricane prompted the need to spray some areas of the county to reduce the mosquito larvae population. No active Zika transmissions detectedOfficials said there are no active transmissions of the Zika virus at this time in Broward County.The areas chosen for the spraying were based on requests from the Florida Department of Health, population density and the number of women of childbearing age in the community.The county also treats areas based on requests from residents.Requests to spray for mosquito larvae can also be made by calling 954-765-4062.last_img read more

Marshawn Lynch teases a Seahawks return in 2020: ‘Expect the unexpected’

first_imgBeast Mode: Reenagage.Marshawn Lynch made an appearance on “SportsCenter” with Scott Van Pelt on Monday night, and to the surprise of many, revealed his plans to potentially play in the upcoming NFL season, once again with the Seahawks. Lynch mentioned to “expect the unexpected,” but is currently in talks with Seattle to return once again.”My agent has been in talks with Seattle, so like I said, we’ll see what happens,” Lynch said. “If it works out and I get back up there, it is what it is. And if not, s—, I’m looking good. So I ain’t really tripping too much.”MORE NFL FREE AGENCY:Cam Newton among the best players still available”Well, it’s almost on that ‘expect the unexpected.'”Marshawn Lynch told @notthefakeSVP that his agent has been in discussions with the Seahawks about a potential return.— ESPN (@espn) May 5, 2020Lynch returned to Seattle in 2019 after two disastrous seasons with his hometown Oakland Raiders in 2017 and 2018. He played in just six games in 2018 due to injury, before stepping away from the game for a year.Lynch’s Seahawks return was under “emergency goalie” circumstances though, as the Seahawks lost all of their running backs to injury before the start of their playoff run.  Lynch appeared in one regular season game in Week 17, carrying the ball 12 times for 33 yards. He also appeared in both of Seattle’s playoff games, again carrying the ball for 33 yards, but reaching paydirt three times.If Lynch has got anything left in the tank, we might see it in 2020: Seattle’s RB depth chart currently leads with Chris Carson and Rashaad Penny, so there’s a good chance, should Lynch return, he’ll get his fair share of touches.And thank goodness for that. The world needs more Marshawn Lynch right now.last_img read more

Penge doubles up in the Lincolnshire sunshine

first_img Marco Penge extended his remarkable season by becoming the English Boys under 16 and under 15 champion in the heat of Seacroft Golf Club on the Lincolnshire coast.Final day rounds of 67 and 73 gave the Sussex youngster a 72-hole aggregate of 283, one under par, and a three stroke winning margin from his England colleague Bradley Moore and Lincolnshire’s own Billy Spooner.Taking both titles meant Penge (image copyright Leaderboard Photography) has collected four titles this year but the most significant to date is the under 16 McGregor Trophy as it means he is a national champion and joins an illustrious Roll of Honour that includes the likes of Justin Rose and several other who have gone on to be tour professionals.“It’s been a great year for me so far,” said Penge. “But this is big. It’s a national title and follows my win in the Fairhaven. “But I didn’t play great this week. I wasn’t good off the tee, I was just trying to get it down the fairway but my short game was good.“Perhaps I was a bit rusty as I’ve played a lot of golf recently. I had a lesson on Saturday with Ryan Fenwick at Goodwood after last week’s European Boys Team Championships and I’m off to Germany on Sunday for the European Young Masters.”Penge began the day one shot off the lead but a morning 67 took him ahead and despite a few wobbles in his 73, he managed to stay there. “I got off to a good start and was two under after three holes this afternoon,” he added.“But I bogeyed the fourth and sixth holes to be out in 36. But then I found a trap off the 11th tee and made another bogey followed by another dropped shot at the 13th but I managed to par in from there.”Moore, one of four players sharing the lead before the final two rounds, shot a morning 70 to lie one behind Penge but a closing 74, which included two double bogeys on the front nine and another at the tenth, left him disappointed.“I knew after 14 holes that I was two behind but it was my putting that let me down,” said the lad from Derbyshire. “I just couldn’t hole anything again and that has been my problem this week.”But for an opening 77, Spooner would have taken the title back to Lincolnshire for the first time since Jim Payne in 1987. But the Boston lad played the last three rounds in four under par, the best of the 45 players that made the cut. He deserves his joint second place for that alone, his closing 69 meant he caught Moore over the final stretch.Ireland’s Peter Kerr moved up the leaderboard with a morning 70 before a closing 73 earned him a share of fourth place on 288 with Essex-based Louis Lazarus, who also returned a closing 69.But the best round of the afternoon, a 68, was posted by John Axelsen, the young Dane who set a course record 66 in round one. He followed that with a disastrous 82 in the wind of day two but the 68 restored a smile to the young man’s face as he finished in a share of sixth place on 291. 18 Jul 2013 Penge doubles up in the Lincolnshire sunshine last_img read more