Recent news
ICICI Bank wins Your Money Award for ‘Best Online Savings Provider’ Wed 28th July 2010
ICICI Bank UK Plc has won the Your Money Direct Awards 2010 for ‘Best Online Savings provider 2010’ for its HiSAVE product range. The Your Money Direct Awards were set up in 1998 as a forum for consumers to recognise and reward excellence in the financial services industry, particularly in the delivery of value-for-money products and high service standards via the direct channels of phone, online and branch.
Rezidor Hotel Group (SE) - Rezidor’s Half Year Results 2010 Fri 23rd July 2010
RevPAR recovery driven by increased Occupancy
“Rezidor’s RevPAR improved in the second quarter mainly driven by higher Occupancy. Room rates, too, have seen a gradual recovery in recent months. All of Rezidor’s operating regions reported RevPAR growth; most significantly in Germany, France, Benelux and an encouraging rebound in the important Norwegian market. Although the market is improving, the absolute RevPAR is still at a historically low level and will need continued improvement to yield a satisfying profitability.
Overall, Rezidor performed well compared to the market. The market recovery combined with our successful cost reduction strategies will continue to support delivery of improved margins. Importantly, Rezidor also concluded a portfolio agreement to manage 10 hotels in the Baltics (former Reval Hotels) and completed the disposition of the Regent business. Such portfolio actions also add to the focus and profitability of the business.” Kurt Ritter, President & CEO
They think it’s all over, but there’s £25 thou - South African Tourism launches 2010 Ubuntu Awa Tue 20th July 2010
South African Tourism is going for the hat trick, as it kicks off the third annual Ubuntu Awards. The competition challenges the travel industry to come up with an innovative way to market the destination in the UK. The organisation which comes up with the winning proposal will be awarded £25,000 to help them transform their plan into reality. Individuals, large and small businesses and organisations within the travel and tourism industry are all eligible to enter. The closing date is 27th September and the campaign should be designed to launch in January 2011 – the peak booking month for South Africa.