France is still the world's most visited country

The Standard | April 15, 2019

According to France’s national statistics institute (INSEE), the number of nights foreign tourists spent in the country’s hotels, campsites and youth hostels reached 438.2 million, global travel website link, eTurbo News is reporting.This marks an increase of nine million visitors against the previous year.Neither torched shops, nor tear gas on the Champs Elysées during the months of Yellow Vest protests could deprive France of remaining the world’s most visited country by tourists, breaking another record in 2018.

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INDUSTRY OUTLOOK, HOSPITALITY TRENDS

LIGHTSTONE'S FOUR MOXY HOTELS AWARDED AS TOP 20 HOTELS IN NYC AND MIAMI BY CONDÉ NAST TRAVELER

MOXY HOTELS | October 20, 2022

Condé Nast Traveler has announced the results of its annual Readers' Choice Awards with Lightstone's Moxy Hotels awarded as top hotels in New York City and Miami. Moxy East Village, Moxy Times Square, and Moxy Chelsea were recognized as the 14th, 15th, and 16th best hotels in the city, respectively. Moxy South Beach was named the 9th best hotel in Miami. This represents the third consecutive year that Moxy Chelsea and Moxy Times Square have been recognized among the top 20 hotels in New York City.More than 240,000 Condé Nast Traveler readers submitted responses rating their travel experiences across the globe to provide a full snapshot of the top places they enjoyed this year and can't wait to return to next. The Readers' Choice Awards are the longest-running and most prestigious recognition of excellence in the travel industry and the full list of winners can be found here. "We are honored to be recognized by our guests who share an appreciation for Moxy's immersive and playful experiences, award-winning design, and unmatched service, We are particularly honored to be the only brand and owner to have all of our New York City hotels within the city's top 20 list." -Mitchell Hochberg, President of Lightstone. Lightstone's Moxy hotels are uniquely responsive to today's travelers who are cost-conscious, but with a higher level of discernment and greater expectations. By partnering with leading interior designers to create cozy, adaptable guestrooms coupled with activated public spaces, each hotel is designed to foster memorable experiences and meaningful social interactions, not just a place to sleep. The pioneer and flagship was Moxy Times Square in 2017, followed in 2019 by Moxy Chelsea, the Flower District's refined yet playful "secret garden," and Moxy East Village, whose design reflects the neighborhood's historically rebellious spirit. 2021 brought Moxy South Beach, the brand's first resort-style hotel, while Moxy Lower East Side will debut in October 2022. Moxy Downtown Los Angeles and AC Hotel Downtown Los Angeles as well as New York's Moxy Williamsburg are all slated to open in the coming months. About Moxy Hotels Moxy Hotels is Marriott International's new millennial-focused brand that debuted in September 2014 with the opening of the Moxy Milan. A boutique-hotel concept for the next-Gen traveler, Moxy is a fresh and innovative brand combining stylish design and approachable service at an affordable price point. With tech-enabled rooms, vibrant lobby spaces and warm, modern service, Moxy aims to surprise travelers with a thoughtful, spirited and fun guest experience. Moxy Hotels is proud to participate in Marriott Bonvoy, the new name of Marriott's travel program replacing Marriott Rewards®, The Ritz- Carlton Rewards®, and Starwood Preferred Guest® (SPG). The program offers members an extraordinary portfolio of global brands, experiences on Marriott Bonvoy Moments and unparalleled benefits including earning points toward free hotel stays and nights toward Elite status recognition. To enroll for free or for more information about the program, visit MarriottBonvoy.marriott.com. To learn more about Moxy Hotels, visit www.MoxyHotels.com.  About Lightstone Lightstone, founded by David Lichtenstein, is one of the most diversified privately held real estate companies in the United States. Headquartered in New York City, Lightstone is active in 25 states across the country, developing, managing, and investing in all sectors of the real estate market, including residential, hospitality, commercial, and retail. With 169 existing properties, Lightstone's over $7.5 billion portfolio currently includes over 7.7 million square feet of industrial, logistics, life sciences, and commercial properties; over 22,800 residential units; and over 4,000 hotel keys. Lightstone's development portfolio includes over $3.5 billion currently under development in the residential and hospitality sectors spread across New York City, Los Angeles, and Miami. Following the award-winning openings of Moxy Times Square, Moxy Chelsea, and Moxy East Village, Lightstone opened Moxy Miami South Beach in 2021 and Moxy Lower East Side in 2022. Moxy Downtown Los Angeles and AC Hotel Downtown Los Angeles as well as New York's Moxy Williamsburg are all slated to open in the coming months.

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AIRLINES AND AIRPORTS

Vietravel Airlines Named Asia's Leading New Airline at the World Travel Awards Asia and Oceania 2022

Vietravel Airlines | September 12, 2022

Vietnamese Vietravel Airlines has been accoladed with Asia's Leading New Airline award at the recent World Travel Awards (WTA) Asia and Oceania Gala Ceremony 2022 held in Vietnam on September 7. Vietravel Airlines's product and service excellence within the first year of operation led to the airline's success at the award while surpassing two other nominees from Asia in the same category. "This is the first award for Vietravel Airlines and a milestone in our history, marking the recognition and trust of customers and partners of our offerings and dedication. This is also an important premise for us to continue carrying out our mission in connecting and conquering farther and higher destinations across the globe" -Vu Duc Bien, President and CEO of Vietravel Airlines. Graham Cooke, Founder WTA, at the award ceremony while congratulating Vietravel Airlines added, This will be the driving force for the youngest airline making new strides in the journey of realizing its mission of connecting, bringing international friends to the beauty of Vietnam, and conquering new lands with the people of Vietnam. The award, dubbed "the Oscar of the travel industry", is a prestigious organization that acknowledges, rewards, and celebrates excellence across all key sectors of the travel, tourism, and hospitality industries. As the fifth commercial airline in Vietnam and the first travel airline in Southeast Asia, the company promotes Vietnamese culture, people, history, and regions through unique experiences on board a modern fleet of A321 aircrafts. Aside to in-flight experiences, including exclusive guides, local flavor inspired snacks and beverages equivalent to 4-star airlines, personalized wireless entertainment system, and a nearly 100% flight safety index, Vietravel Airlines is among the top three on time performance (OTP) in the Vietnamese aviation industry. Vietravel Airlines in Numbers Over 8000 flight-hours made 100% safe 1,500,000 passengers with >92% load factor (flight occupancy rate) 94.2% average OTP take-off rate in the first seven months of 2022 Connecting two major hubs, Hanoi and Ho Chi Minh City, to popular tourist destinations throughout Vietnam: Phu Quoc, Quy Nhon, Da Nang, Nha Trang, Hue, and Da Lat in 2021. After focusing on promoting Vietnam's key tourist destinations in the first year, Vietravel Airlines is expanding its flight routes from Ho Chi Minh City and Hanoi to Bangkok (Thailand), Busan & Incheon (Korea), Singapore, Taipei (Taiwan) at the end of 2022. About Vietravel Airlines Vietravel Airlines (IATA code: VU) offers a multi-dimensional tourism ecosystem with a multimodal transport combining aviation and tourism. Backed by the largest travel group in Asia, Vietravel Corporation (UPCOM stock market: VTR), the airline operated its first commercial flight from Ho Chi Minh City to Hanoi in January 2021. Vietravel Airlines flies on domestic and international routes in Asia mainly Korea, Taiwan, Thailand and Singapore while doubling its A321 fleet in the next year.

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INDUSTRY OUTLOOK, HOSPITALITY TRENDS

FLEETCOR® to Acquire European Workforce Lodging Business

FLEETCOR Technologies, Inc. | October 21, 2022

FLEETCOR Technologies, Inc. (NYSE: FLT), a leading global business payments company, announced it has signed a definitive agreement to acquire Roomex, a European workforce lodging provider serving the UK and German markets. The acquisition extends FLEETCOR's U.S. workforce lodging business to Europe and provides a platform for further international expansion. The transaction is expected to close in November.Roomex, headquartered in Dublin, Ireland, has 600 workforce business customers who have stayed in approximately 50,000 hotels. FLEETCOR’s existing lodging business books tens of millions of hotel room nights annually across a network of 45,000 hotel properties primarily in the U.S. The lodging solutions provide customers with savings, specialized controls and consolidated invoices. “Roomex gives us a very similar workforce lodging business in Europe. It provides us a base of operations, expertise and a hotel network from which we can build out the lodging business across Europe while leveraging the significant client base we already have there,” -Ron Clarke, chairman and chief executive officer, FLEETCOR Technologies, Inc. “We are thrilled to join the FLEETCOR team. FLEETCOR’s distribution scale, payment solutions and client relationships will enable Roomex to expand its product offering and accelerate our sales growth,” said Garry Moroney, CEO of Roomex. About FLEETCOR® FLEETCOR Technologies (NYSE: FLT) is a leading global business payments company that helps businesses spend less by providing innovative solutions that enable and control expense-related purchasing and payment processes. The FLEETCOR portfolio of brands automate, secure, digitize and manage payment transactions on behalf of businesses across more than 100 countries in North America, Latin America, Europe, and Asia Pacific. For more information, please visit www.FLEETCOR.com. About ROOMEX Roomex is the all-in-one travel and expenses platform built for businesses with a mobile workforce. Roomex helps you book, manage, pay and analyze all of your accommodation, rail and expenses in one place - saving both time and money. Headquartered in Dublin, Ireland with offices in London, and Munich, Roomex is on a mission to make workforce travel and spend management as seamless and cost-effective as possible. Learn more at www.roomex.com.

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COMMERCIAL TRAVEL

Berkshire Hathaway Travel Protection Partners with soNomad to Offer Travel Medical Insurance in Canada

Berkshire Hathaway Travel Protection | November 16, 2022

North American travel insurance provider Berkshire Hathaway Travel Protection (BHTP) has announced that it has partnered with soNomad to provide Canadian travelers valuable travel medical insurance for unexpected health problems or sudden injuries while traveling. The soNomad Travel Medical Insurance plan will be underwritten by National Liability & Fire Insurance Company, Canada.Our underwriting partnership with soNomad provides us an exciting new opportunity in the Canadian market, said Dean Sivley, president of Berkshire Hathaway Travel Protection. With escalating emergency expenses a possibility for Canadian travelers, our comprehensive travel medical coverage provides essential protection for their vacations. soNomad’s Emergency Travel Medical insurance provides Canadian travelers with emergency medical expense coverage while traveling outside their home province or territory, and internationally. “We are thrilled to partner with an industry leader like Berkshire Hathaway Specialty Insurance to provide Canadian travelers with our low-cost approach to travel insurance, The unparalleled insurance expertise of a trusted brand like Berkshire Hathaway Specialty Insurance means Canadian travelers have the best of both worlds when it comes to no-nonsense, affordable travel insurance.” -Mathieu Laplante, soNomad co-founder and 20-plus year veteran of the Canadian Travel Insurance market About Berkshire Hathaway Travel Protection Berkshire Hathaway Travel Protection is the trade name for the travel protection products and services of Berkshire Hathaway Specialty Insurance Company, part of the National Indemnity group of insurance companies. Berkshire Hathaway Specialty Insurance Company provides underwriting and claims administration services for some of the largest distributors of travel insurance in the United States and Canada. Plans are provided by Berkshire Hathaway Specialty Insurance Company or National Liability & Fire Insurance Company. The product descriptions provided here are only brief summaries and may be changed without notice. Full coverage terms and details, including limitations and exclusions, are contained in the insurance policy. About Berkshire Hathaway Specialty Insurance Berkshire Hathaway Specialty Insurance (www.bhspecialty.com) provides commercial property, casualty, healthcare professional liability, executive and professional lines, transactional liability, surety, marine, travel, programs, accident and health, medical stop loss, homeowners, and multinational insurance. The actual and final terms of coverage for all product lines may vary. It underwrites on the paper of Berkshire Hathaway's National Indemnity group of insurance companies, which hold financial strength ratings of A++ from AM Best and AA+ from Standard & Poor's. Based in Boston, Berkshire Hathaway Specialty Insurance has offices in Atlanta, Boston, Chicago, Houston, Indianapolis, Irvine, Los Angeles, New York, San Francisco, San Ramon, Seattle, Stevens Point, Adelaide, Auckland, Brisbane, Brussels, Cologne, Dubai, Dublin, Frankfurt, Hong Kong, Kuala Lumpur, London, Lyon, Macau, Madrid, Manchester, Melbourne, Munich, Paris, Perth, Singapore, Sydney, Toronto, and Zurich. About SoNomad soNomad (www.sonomad.com) is an innovative player in the insurance industry providing low-cost travel insurance to the Canadian market. Founded by respected industry veterans, soNomad is a leading technology company dedicated to excellence, quality, and innovation. With its proprietary technology, soNomad delivers unique high quality travel insurance solutions. soNomad’s mission is to make travel insurance simple, transparent, and affordable to all Canadian travellers.

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