Select the car hire service that's reliable and suits your budget. Enjoy the vacations in Sydney with long term car rentals offered by Free Car Rental.
From being the oldest city of the world in terms of the civilization to the new upcoming metropolis in Iraq, Erbil has come a long way. Erbil is now a well established Middle Eastern tourist and commercial destination of the world. Apart from its population being mostly of the Arab community, Erbil's population is fast becoming a mix of expatriate from other countries like America, European Union , Lebanon, Iran, Asia, Africa and Latin America.
Hundreds of thousands of UK citizens are trying to acquire dual citizenship in the wake of the Brexit vote for the UK to leave the EU. One can obtain a second passport or nationality through long-term residence in a foreign country, marriage to a citizen of another country, descent program or financial investment. Read the complete post here and look at the ways that make it possible to acquire a second passport from another country.
Tejas Cabs are pioneer in Bangalore to introduce meter taxis with Customer Support and feedback facilities which are important in our success growth. It is operating under the Brand Tejas Cabs with fleet of any make of cars. Customer can request for cab through phone to call centre and also in online
High Lights of Tejas Cabs
Dedicated to individualize service.
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Our Clients
Our Corporate service Clients are "Lumax, Mahendra Aerospace, Accer and Kinte" Our Office is located in Hoskote and Marathahalli in Bangalore. For more information visit our tejas website
We are the proud owners and producers of over 3000 finely crafted Tibetan rugs in 10 different sizes and more than 400 designs. We also provide custom made rugs for those looking for a long term affair. Our hand knotted rugs are just the right piece of decor for your living room, office and bedroom. Visit us today to choose from an extensive collection of rugs available in a multitude of colours, patterns and sizes
Whether on a holiday or on temporary project oriented stay, opting for a car rental in Dubai is going to be very helpful to you in the long run. While it is one thing to enjoy driving in a foreign city that has a lot to offer in terms of sights and sounds, being stuck in legal hurdles due to ignorance can cost you dearly here. So, here is some much needed information.
If you are looking to grab a quick getaway to Europe or a long haul Cape Town flight from Manchester you will surely have your hands full in terms of airlines from Manchester airport. Equipped with numerous restaurants, shops, duty free shops and other important facilities, the importance of Manchester airport cannot be ignored or looked away at any point in time!
The Government of Australia has done some of the changes in Skilled Occupation list of Australia. The Skilled occupation list is now changed to MLTSSL. If you are planning to migrate Australia under skilled visa category, your occupation must be matched with the MLTSSL list of Australia. Check for the different visa options and how you can apply for Australia PR Visa.
Majority of India is now in a long term relationship with summers, and it's going to be so for a while now. While summers bring along scorching heat and blazing sun, they also give us new reasons to pack our bags and travel. So, here is why Mussoorie is your go to destination this summer.
Ruby Valley Trek is recently now as a homestay trek in Nepal that lies northside of Kathmandu, 250 km approximately, it is very closed to Tibet side. This hidden valley has been non-practical for long years but now it is becoming one of Nepa's top homestay trekking destination in terms of the beauty of nature and cultural diversions, it was behind the scene just because of the promotional functions but when a travel company has started to bring this up and shows to the world then many travelers loved the place to visit and experienced the unique lifestyle of the Nepal and culture along with the lifestyle of the trans-Himalayas.
Explore beautiful Coorg! Visit "The Scotland of India" with Tejas Tours & Travels, your local holiday travellers who make your travel experience even better to remember for long-term for sure. We are offering best and affordable rates to hire car, tempo traveler, minibus and bus from Bangalore or Mysore
We are more than a decade who providing travel and tourism services in Bengaluru, India and we can understand the basic requirement of a customer to meet their expectations. Customers may look budget or luxury travels, we will hear our customer requirements clearly then we will suggest our ideas, which make them happy. Our experienced driver takes you safe and comfortable journey throughout the trip. Our chauffeurs and ground staffs are well qualified and trained to provide the best service
Our main office is in Marathahalli/hoskote and we are providing services in Mysore and Bangalore like Banashankari, Basavanagudi, CV Raman Nagar, Domlur, HAL, Hebbal, Hoskote, HSR Layout, Indiranagar, Jalahalli, Jayanagar, JP Nagar, Kadugodi, Koramangala, KR Puram, Madiwala, Majestic, Marathahalli, MG Road, Nagavara, Rajajinagar, RR Nagar, Ulsoor, Vijayanagar, Whitefield, Yeshwantpur.
Kilometre reading starts and ends at customer location for outstation trips. Eg: If a customer book outstation trip from Marathahalli, the calculation of km reading will starts and end in Marathahalli.
NEWCRESTIMAGE HAS SOLD most of its hotel portfolio, along with some other properties, in a $822 million transaction with Summit Hotel Properties. Dallas-based
NewcrestImage will remain invested in Summit and will own and operate two historic hotels it recently acquired and plans to make new acquisitions in the future.
The definitive contribution and purchase agreement includes 27 hotels with 3,709 guestrooms for $776.5 million, or $209,000 per key. It also includes $24.8 million for two parking structures and $20.7 million for the various financial incentives through Summit's joint venture with Singapore-based sovereign wealth fund GIC, made in 2019 to acquire hotels in the U.S.
"NewcrestImage has assembled a collection of high-quality distinctive Marriott, Hilton, Hyatt, and IHG hotel properties throughout the Sun Belt region, which will be a great addition to Summit's portfolio," said Mehul Patel, NewcrestImage's managing partner and CEO. "As we will become one of Summit's largest shareholders, we have confidence in Summit as one of the industry's leading owners with a highly regarded public platform. We believe the two portfolios create an excellent combination of hotels that have tremendous growth potential and are well-positioned to create long-term shareholder value as the lodging recovery continues."
Isaac Collazo is the new vice president of analytics for STR. Previously, he was vice president of capacity at InterContinental Hotels Group.
Previously, Collazo conducted performance analysis, predictive analytics, modeling and macroeconomic interpretation for Marriott International, Promus Hotel
Corporation and La Quinta Inns & Suites. He also is a content committee member for STR's Hotel Data Conference.
"Isaac will be an immediate voice in conversations around STR methodology as well as our ongoing product development in the CoStar platform," said Amanda Hite, STR president. "Long-term, he'll contribute to the evolution of the holistic solution we will deliver to the industry."
Commercial real estate research company CoStar acquired STR in 2019.
Collazo called the new position a "dream come true."
AAHOA RELEASED ITS updated resource guide for member franchisees. The updates reflect the current business landscape and the long-term, mutually beneficial
relationship between industry franchisors and franchisees.
AAHOA's 12 Points of Fair Franchising is officially titled "An Educational Primer: A Best-Practice Approach to Designing, Developing, and Implementing Best-in-class,
Mutually Beneficial Franchise Systems." The importance of franchise relations was highlighted last year when several hotel owners filed lawsuits against
InterContinental Hotels Group regarding what they call the company's retaliatory actions against franchisees who complain.
"Because of the changing business environment post-COVID-19 and the ever-evolving need to educate our members, it was time for AAHOA to revisit the 12 Points and
review them carefully to ensure that they're relevant and reflective of industry changes and evolution," said Vinay Patel, AAHOA chairman. "AAHOA created the 12
Points of Fair Franchising Ad Hoc Committee, which was tasked with recommending revisions to the 12 Points of Fair Franchising. With the help, support, and input
of the 12 Points of Fair Franchising Ad Hoc Committee and the AAHOA Board of Directors, we're releasing the updated 12 Points of Fair Franchising," he added.
EXTENDED-STAY HOTELS experienced limited growth in July, reflecting the summer travel season's tendency to favor the overall hotel industry more than
extended-stay establishments, according to The Highland Group. Total hotels reported a smaller decrease in occupancy and a slightly higher increase in ADR
compared to all extended-stay hotels in July 2022.
According to Highland, Extended-stay hotels performed similarly to the preceding three months in July. The economy segment reported a decrease in RevPAR, while
upscale extended-stay hotels saw the strongest RevPAR increase. However, ADR growth across extended-stay segments has noticeably narrowed over the last three months.
For the second consecutive month, the economy segment achieved faster ADR gains compared to mid-price extended-stay hotels.
"Extended-stay hotels' 9.2 percentage-point occupancy premium above the overall hotel industry is slightly below the long-term annual average range but typical for
the summer travel season," said Mark Skinner, partner at The Highland Group.
NEWBOND HOLDINGS HAS acquired Aloft Tampa Downtown in Tampa, Florida, marking its third downtown riverfront hotel investment in the city in 24 months. This
takes the company's total to more than 700 hotel rooms and more than 800 ft. of frontage along the Hillsborough River, Newbond said in a statement. Niel Luthra is
the founding partner of New York-based Newbond Holdings.
The 130-key hotel, located on the Riverwalk, provides both indoor and outdoor amenities, featuring a waterfront pool, gym, corporate meeting and event spaces, as
well as a bar and lounge, the statement added. Newbond is planning a comprehensive hotel renovation to include all guestrooms, public areas and the pool deck.
"Our third hotel investment in downtown Tampa since 2021 demonstrates our conviction in the long-term Tampa growth story," said Neil Luthra, founding partner of
Newbond. "Tampa's robust job and population growth; flourishing convention and tourism business; and continued institutional investment have created one of the
strongest real estate and hospitality markets in the country."
THE HOTEL PROPERTY types most associated with business travel, upper upscale hotels, are well represented in the U.S. hotel construction pipeline. The volume
of projects in the segment points to confidence in the future of business travel, according to STR.
"Upper upscale saw the slowest recovery, but a steady climb in performance and the business travel indicators have supported developer confidence in the segment,"
said Isaac Collazo, STR's vice president for analytics. "The more than 23,000 upper upscale rooms in construction right now represent 3.4 percent of the segment's
existing supply. That is well above the long-term growth average, up 2 percent in the U.S."
According to STR, a total 154,284 rooms were under construction in March, down 0.5 percent compared to the same period last year. As many as 239,995 rooms are in the
final planning state, an increase of 34.6 percent over last year. STR pipeline data showed that 232,517 rooms are under planning, a decline of 21.6 percent compared
to March 2022.
After three consecutive month-over-month increases, the overall number of U.S. rooms in construction fell slightly in March, which aligns with patterns in previous
years. Among the chain scale segments, luxury shows the highest number of rooms as a percentage of existing supply.
Luxury segment reports the highest increase in hotel construction in March, up 5.2 percent containing 7,136 rooms, followed by upscale, up 4.1 percent with 36,089
rooms and upper midscale, increased 3.7 percent containing 43,470 rooms.
HYATT HOTEL CORP. plans to acquire Dream Hotel Group's lifestyle hotel brands, including the Dream Hotels, The Chatwal Hotels and Unscripted Hotels brands,
for approximately $300 million. The deal will add more than 1,700 rooms to Hyatt's lifestyle portfolio and increase Hyatt's room count in New York City by more than
30 percent.
The acquisition includes a portfolio of 12 managed or franchised lifestyle hotels, with another 24 signed long-term management agreements for hotels expected to open
in the future, Hyatt said in a statement on Nov. 29. The transaction, expected to close in the coming months, continues Hyatt's asset-light growth strategy following
acquisitions of Two Roads Hospitality in 2018 and Apple Leisure Group in 2021.
Post-acquisition, Hyatt will pay a base purchase price of $125 million, with up to an additional $175 million over the next six years. It would generate management
fees of about $12 million a year on the first dozen hotels.
TWO HOTELS HAVE joined Hospitality Lodging Systems' AmeriVu brand. One is a 61-room former Fairfield Inn in Grand Forks, North Dakota and the other is an
80-room former Super 8 in Aberdeen, North Carolina.
The new additions bring the number of AmeriVu properties to 23 operating in nine states, according to HLS. The AmeriVu brand was started in 2015 by Nick Rai, CEO of
Vishav Hotels, who signed a long-term exclusive licensing agreement with Atlanta-based HLS in 2016.
"In today's uncertain economy and recovering hotel environment, hotel owners want lower costs, higher profits, and more peace of mind," said Doug Collins, Chairman
and CEO of HLS. "Our brands effectively deliver dependable results."
DESPITE PROJECTIONS OF persistent inflation and a moderate economic recession, CBRE's November 2022 Hotel Horizons forecast calls for a 5.8 percent increase
in RevPAR in 2023. This is up from CBRE's previous forecast of a 5.6 percent increase in RevPAR for 2023.
Propelling CBRE's increased outlook for RevPAR is an expected 4.2 percent rise in ADR, driven in part by the continuation of above long-run average inflation. For
2023, CBRE is forecasting the Consumer Price Index in the U.S. to increase by 3.5 percent year over year. Inflation continues to have a mixed impact on the hotel
industry, bolstering top-line growth while pressuring margins.
Supply and Demand
Inflation is also impacting development activity. The combination of rising construction material costs, a tight labor market, and high interest rates will serve to
keep supply growth over the next five years 40 percent lower than historical trends. Instead of construction, we expect cash flows in the near term to be focused on
debt reductions, renovations and remodels given the backlog of Capex that built up during the pandemic.
Given its forecast for a 0.2 percent decline in 2023 gross domestic product, CBRE lowered its expectations for demand growth from 3.3 percent in their August 2022
forecasts to 2.9 percent in the November update. With the projected supply increase remaining at 1.2 percent for 2023, the net result is a reduction in CBRE's
occupancy growth estimate for the year to 1.6 percent, down from the 2 percent increase previously forecast. The lowering of occupancy expectations will somewhat
offset the enhanced outlook for ADR growth.