Wiesbaden is going to introduce 45th Germany Travel Mart

Travel and Tour World | May 13, 2019

There are about 500 representatives from the international tourism industry from 51 countries will come to Wiesbaden for the 45th GTM Germany Travel Mart from May 12 to May 14. The GTM is organized annually by the German National Tourist Board (GNTB) in cooperation with varying partner regions and partner cities. The state capital of Hesse is hosting the event for the third time after 1977 and 2005.

Spotlight

The capital city of Italy’s Tuscany region, Florence is internationally esteemed for its high concentration of Renaissance art and architecture. Because it served as a wealthy and important center for medieval trade and commerce, the city gave birth to the Italian Renaissance movement. Florence is also credited with propagating many artists, inventors, writers, scientists and explorers as well as inventing opera and the florin currency, which lifted Europe from the Dark Ages.

Spotlight

The capital city of Italy’s Tuscany region, Florence is internationally esteemed for its high concentration of Renaissance art and architecture. Because it served as a wealthy and important center for medieval trade and commerce, the city gave birth to the Italian Renaissance movement. Florence is also credited with propagating many artists, inventors, writers, scientists and explorers as well as inventing opera and the florin currency, which lifted Europe from the Dark Ages.

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HOSPITALITY TRENDS

ETF Industry Leader Kevin Kelly Launches New Business, Introduces Cutting-Edge Suite of ETFs

Kelly ETFs | January 17, 2022

Kelly ETFs, a new exchange-traded fund (ETF) issuer that seeks to bring forward-looking and disruptive investment products to market, officially launches. The firm’s first round of innovative ETFs also began trading, including: The Kelly CRISPR & Gene Editing Technology ETF (Nasdaq: XDNA). XDNA is designed to capitalize on the next generation of healthcare by investing in companies disrupting the genomic and life science industries. The fund seeks to track the Strategic CRISPR & Gene Editing Technology Index, which measures the performance of developed market companies that specialize in DNA modification systems and technologies. The subsectors of this fund include CRISPR & Gene Editing Technology, Gene Editing Development Solutions and Gene Editing Sequencing Solutions. The Kelly Hotel & Lodging Sector ETF (NYSE Arca: HOTL). The lodging ecosystem includes many specialized players, and by seeking to track the Strategic Hotel & Lodging Sector Index, HOTL offers exposure to companies focused on hotel and lodging management and operations, lodging platform services, timeshare properties and real estate throughout the developed world. The hotel and lodging sector acts as an effective economic barometer as it uniquely captures both leisure and business spending across various income levels. The Kelly Residential & Apartment Real Estate ETF (NYSE Arca: RESI). RESI aims to track the Strategic Residential & Apartment Real Estate Sector Index, which targets the entire residential and multifamily real estate industry by giving investors access to companies specializing in single-family residential homes, apartment buildings, student housing and manufactured homes. “At Kelly ETFs, we believe investors deserve access to strategies handcrafted with a deep and nuanced understanding of the forces driving the trends and transformations happening every day,We are particularly excited about the promising innovation occurring in CRISPR and gene editing technology. Scientific understanding of DNA is significantly more advanced today than even a few years ago and we’re thrilled to be in on the ground floor.” -Kevin Kelly, Founder and CEO of Kelly ETFs. Kevin Kelly is an established ETF expert with nearly two decades of financial industry experience. He also serves as the CEO of Kelly Benchmark Indexes, the index provider and sponsor of the SRVR and INDS ETFs. In regard to residential real estate, historically low housing supply comes at a time when household growth – the primary driver of housing demand – is strong and accelerating,” noted Krista Kelly, who will oversee the firm’s operations and distribution. “Meanwhile, the hotel and lodging sector is seeing favorable market conditions as business spending is set to increase over the next several years. Kelly Intelligence is the adviser and index provider for these funds. To learn more about Kelly ETFs and its product suite, please visit KellyETFs.com. About Kelly ETFs Kelly ETFs strives to create disruptive exchange-traded funds (ETFs) that offer investors the opportunity to capture highly liquid, pure-play exposure to the best-in-class companies identified in each emerging theme or sector, regardless of geographical location. Based in Denver, the team is committed to building investment products with exposure to the world’s most transformative companies and industries. For more information, visit KellyETFs.com.Residential and Apartment Real Estate Companies Investing Risk. Real estate is highly sensitive to general and local economic conditions and developments. The U.S. real estate market may, in the future, experience and has, in the past, experienced a decline in value, with certain regions experiencing significant losses in property values. Many real estate companies, including REITs, utilize leverage (and some may be highly leveraged), which increases investment risk and the risk normally associated with debt financing, and could potentially increase the Fund’s volatility and losses.Hotel and Lodging Industry Risk Companies in the hotels, resorts sub-industry may be affected by unique supply and demand factors that do not apply to other sub-industries. Weak economic conditions in some parts of the world, changes in oil prices and currency values, political instability in some areas, and the uncertainty over how long any of these conditions could continue may have a negative impact on the lodging industry. DNA Modification Technology Company Risk. DNA modification technology companies face intense competition, and products and services with a potentially short product life. These companies will generally require large amounts of capital expenditures on research and development, with no guarantee that the product or service would be successful. They may be heavily dependent on intellectual property rights. The laws related to these rights can vary and there is no guarantee that a company will be able to successfully protect their intellectual property rights. These companies, like other health care companies, are subject to various government and regulatory oversight that could hamper or impede their operations.

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FEATURES AND ADVICE

Air Canada sees Increased Bookings as COVID-19 travel Restrictions are Lifted

Air Canada | July 26, 2021

After reporting a bigger quarterly loss on Friday, Air Canada projected higher bookings for domestic and US-bound flights this winter as travel restrictions ease. Although bookings remain below pre-pandemic levels, Canada's biggest airline predicts slower cash burn as travel resumes. "We are witnessing steadily increasing bookings for the coming winter in the domestic, trans-border, and Atlantic markets, as well as to sun destinations," CEO Michael Rousseau told analysts. "Future bookings for next winter sun travel during certain weeks in June were ahead of the same time in 2019." After a 16-month ban due to the pandemic, Canada will allow fully vaccinated US visitors to enter the country beginning August 9. Air Canada recorded a net cash burn of about C$8 million ($6.36 million) per day for the second quarter, lower than previously projected. However, it anticipates that figure will rise to between C$3 million and C$5 million each day in the third quarter. Carriers are increasing flying capacity, putting downward pressure on fares in certain areas. While domestic pricing is more difficult, "the environment is fairly steady" on international routes, according to Chief Commercial Officer Lucie Guillemette, who predicts a fall return in corporate travel. According to the airline, cargo flights, which were introduced during the pandemic, will become a more significant part of the carrier's future. Air Canada signed an assistance agreement with the Canadian federal government in April, allowing it to access up to C$5.9 billion in funds. Rousseau said that the airline would determine whether or not to withdraw from the government's financial facilities later this year. According to Refinitiv data, Air Canada lost C$3.03 per share excluding items. Analysts predicted a C$2.76 loss on average. In the fiscal quarter ended June 30, the airline's net loss was C$1.17 billion, or C$3.31 per share, compared to a loss of C$1.75 billion, or C$6.44 per share, a year earlier.

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FEATURES AND ADVICE

American Express GBT, Cvent Add Corporate Responsibility Questions To Hotel RFP

Cvent, American Express Global Business Travel | September 06, 2021

In an effort to gather and standardize data related to corporate social responsibility efforts at hotels, American Express Global Business Travel (GBT) and Cvent have created new questions for suppliers to answer as a supplement to the Global Business Travel Association’s request for proposals template. The joint initiative includes 47 questions focused on sustainability, diversity, equity and inclusion that are intended to help travel managers evaluate suppliers on these issues. To develop the questions, GBT’s Global Business Consulting team (GBC) and Cvent interviewed corporations, global hotel brands, travel management companies and consultancies. The companies say along with helping travel managers evaluate hotels, the questions benefit hotels by reducing the time needed to respond to individual requests for information on these topics. “As we accelerate the return to travel and events, customer requests for supplier data on corporate responsibility issues are soaring,” says Nina Marcello, a principal within GBC who first proposed the initiative. “Together, GBC and Cvent worked with stakeholders across corporate and meetings travel to deliver a solution that will increase the availability of relevant sustainability and DE&I data. This initiative reflects our own environmental, social and governance commitments and enables suppliers and travel managers around the world to further their corporate responsibility goals. ” Hotel suppliers answer the supplemental questions, related to things such as carbon emissions and leadership demographics, within the Cvent Transient solution. Hotel chains can also work with their properties to collect and import the information to their profiles. “The speed at which we developed these questions reflects the significance of this work, and they are already being used by our hotel clients. This initiative benefits the entire corporate travel supply chain by facilitating the sharing and reporting of important topics that impact every organization,” says Brian Sullivan, senior director of product management at Cvent.

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