first_imgDespite the growth in physical turnover and revenue this season, leading tourism companies are recording a decline in profitability with a significant reduction in profitability, according to a new quarterly publication of the Croatian Tourism Association, Tourist Impulse Q4. With the latest data from the e-Visitor system (as of December 2), Croatia achieved a growth rate of foreign tourist arrivals of 4,4 percent, with a growth rate of foreign overnight stays of 1,7 percent, which with all the challenges of this season can be considered very good the result. However, despite the growth of physical indicators, the weaknesses of Croatian tourism are further emphasized. A survey conducted among the leading tourism companies in Croatia on key business indicators for the first nine months of this year compared to the same period last year showed that companies achieved revenue growth of 5,3 percent, but with higher growth in operating expenses, so that gross operating profit lower than in the same period last year. The decrease in profitability was mostly due to the growth of labor costs. First of all, it is low capacity utilization, the lowest in the Mediterranean, which was further reduced in the first 11 months of this year as a result of the continuation of extremely high growth in the supply of accommodation facilities. The average occupancy of commercial accommodation in that period in Croatia dropped to 22,6 percent. At the same time, the occupancy rate of hotel accommodation was almost twice as high – 42,6 percent. Economic trends in 2020 favor destinations with a high value for money ratio “The decline in profitability in the operations of the largest tourism companies this season, which brought a record number of tourists, threatens to further reduce investment in tourism because serious investors can not justify investing in a country where profitability is half as low as the environment. Therefore, HUT welcomes the Government’s decision to reduce VAT in tourism as a firefighting measure for the sector, but at the same time we emphasize that this is only the first step in ensuring at least the same business conditions as the competition in the Mediterranean. Tourism is one of the few domestic sectors that has the potential for significant growth in investment, employment and wages, but we must unleash that potential by changing the business environment”, said Veljko Ostojic, director of HUT.  In such an uncertain economic and market environment, the quality of the offer is the only guarantee of success, which is why it is necessary to continue to improve the business framework in tourism. Attachment: HUT / Tourist impulse Q4center_img The review of key trends of this tourist season highlighted by the Tourist Impulse Q4 highlights the new large growth of tourist arrivals in Turkey, which with a growth rate of international tourist arrivals of 14,5 percent in the first ten months of 2019 took the lead in the Mediterranean. At the same time, Spain, with minus 0,2 percent, is the biggest market loser.  Uncertainty and the expectation of a recession in our main emitting markets become the most significant in the forecasts for next year. Research shows that the population of our emitting markets, in anticipation of a recession, is choosing destinations that provide a better value for money ratio, which means that competition in the Mediterranean circle next season will be even more pronounced. Such a situation is again mostly in the hands of eastern Mediterranean destinations, especially Greece and Turkey.  Tourist companies set aside an average of more than 10,5 percent for employees this year, and some companies almost 18 percent compared to the previous year. The rate of return, which shows the profit for the period in relation to the total engaged assets, decreased by over 10 percent, to an extremely low 7,9 percent. The profitability indicator is one of the decisive factors in making investment decisions, and in competing Mediterranean countries this indicator ranges from 10 to 12 percent. If we fail to do so, HUT warns that Croatian tourism is losing the race to the competition in the medium term, which would cause significant negative consequences for the entire domestic economy due to the fact that tourism generates about 20 percent of GDP. Read the full report in the attachment. Turkey is the leader in this season’s tourist growth in the Mediterraneanlast_img read more

first_imgPogba has struggled to make an impact for Manchester United this season (Getty Images)‘He doesn’t look, I’ve seen him the other night against Arsenal, he doesn’t look completely confident physically and he’s the type of player who has a huge physical power.AdvertisementAdvertisement‘He needs to be perfectly fit physically.‘After that, when a player wants to leave and you stop him from leaving, you know you go through a process of rebuilding the relationship that the first thing that suffers is the performances.More: FootballRio Ferdinand urges Ole Gunnar Solskjaer to drop Manchester United starChelsea defender Fikayo Tomori reveals why he made U-turn over transfer deadline day moveMikel Arteta rates Thomas Partey’s chances of making his Arsenal debut vs Man City‘I personally think he behaves as well like he knows that Man United at the moment is not the team to compete for the championship.‘And, plus the fact that he was stopped from going away, it looks like the two together a little bit tarnish his performances.’More: Manchester United FCRio Ferdinand urges Ole Gunnar Solskjaer to drop Manchester United starNew Manchester United signing Facundo Pellistri responds to Edinson Cavani praiseEx-Man Utd coach blasts Ed Woodward for two key transfer errors Arsene Wenger highlights two problems with Paul Pogba at Manchester United Advertisement Arsene Wenger explains why Paul Pogba is struggling at Manchester United (Getty/beIN Sports)Arsene Wenger believes Paul Pogba’s lack of fitness and his current mindset at Manchester United have hindered his performances under Ole Gunnar Solskjaer this season.The World Cup winner has failed to find his best form this term and missed United’s Premier League clash against Newcastle United due to an ankle injury.Wenger believes Pogba’s ankle problem has contributed to his sub-par displays but also feels United being so far behind Liverpool and Manchester City in the title race is having an impact on the midfielder’s mentality.‘First of all, I think Paul Pogba, since the start of the season, has never been completely fit injury wise,’ Wenger told beIN Sports.ADVERTISEMENT Advertisement Metro Sport ReporterSunday 6 Oct 2019 4:01 pmShare this article via facebookShare this article via twitterShare this article via messengerShare this with Share this article via emailShare this article via flipboardCopy link93Shares Commentlast_img read more

first_imgSit down, relax and drink in the views of the Swan River from this three bedroom apartment perched on the top floor of this East Perth development. This huge, fully-restored six bedroom home in Brisbane’s Red Hill is an Australian classic. With three levels and private outdoor living spaces off each floor there’s plenty of space to chill out and soak up the Queensland sun.2.  The Coach House Nothing says Australian lifestyle like iconic Bondi Beach in Sydney. This huge three-bedroom apartment is Art Deco meets industrial design just a short walk from Sydney’s most famous beach.4. The Vintage Victorian Originally built in the 1880s this classic single-fronted Victorian in St Kilda East has undergone a 21st century renovation, blending period features with modern design.5. The Riverfront Apartmentcenter_img Prices for luxury properties in Sydney and Melbourne are among the fastest growing in the world as demand for prime residential property continues to grow.New figures reveal luxury properties in Sydney are the 7th most expensive in the world, based on price per square metre.$US1 million will by you 41sqm of land in Sydney.If that doesn’t sound like much, in Monaco – the playground of the rich and famous – that same sum of money will buy you just 17sqm.The Knight Frank Prime International Residential Index found Sydney’s most expensive properties rose in value by 11%, while those in Melbourne increased 8.5%.“Demand from Asian buyers for properties in Australia … remains strong, underlining Australasia’s connection to the Asian region – and the appeal of its lifestyle, educational institutions and safe-haven status,” Matt Whitby, Group Director, Head of Research & Consulting at Knight Frank, says.“Wealthy Chinese investors have been dominant, exemplified by Australia’s Significant Investment Visa (SIV), which, since it was introduced in 2012, has seen 90% of its applicants come from China.”So just what will $1 million buy you on the Australian property market?We picked out a few gems, from luxury apartments to family homes.1. The Queenslander This historic 1890s bluestone coach house in North Adelaide has undergone an amazing transformation. With separate office and living spaces it’s perfect for those looking for a luxury home and office.3. The Beachside ApartmentMore from newsUp-and-coming suburbs set to boom20 Apr 2015Top 5 affordable inner-city suburbs18 May 2015last_img read more

first_img109 Marabou Drive, AnnandaleSALE by tender can be a perfect alternative to an auction or private treaty for properties difficult to put a price on such as 109 Marabou Drive in Annandale.The home has gorgeous river views and is primed to become a dream family home for a buyer with vision as most of the internal walls are non-load bearing.Century 21 Belgian Gardens principal Mario Torrisi said the property’s huge potential and prime location had made it difficult to value, which is why he chose to sell using sale by tender.“With a tender, unlike an auction, you don’t know what other people’s offers are,” he said.“The other advantage is if someone wants to put conditions (on their offer) they may still be capable of winning that property whereas with an auction you have to be unconditional.”The sale-by-tender process works by interested parties being given tender documents which are then given to the selling agent in sealed envelopes.More from news01:21Buyer demand explodes in Townsville’s 2019 flood-affected suburbs12 Sep 202001:21‘Giant surge’ in new home sales lifts Townsville property market10 Sep 2020The offers are unsealed at a solicitor’s office on a predetermined date and the seller can then pick which offer, if any, they want to accept.Mr Torrisi said tenders for 109 Marabou Drive would have to be submitted by 4pm on February 12, and he would be supplying tender documents when people inspect the property.The house is on a 793sq m block and has been built around a large indoor pool and entertaining area.It has uninterrupted river views from the front of the home and it was originally built with systems in place to go up another level.Mr Torrisi said the house was surrounded by premium properties and renovations could turn it into a dream home without overcapitalising.“The reason this property is unique is because of its position. It has some of the best river views in Annandale,” he said.“It was built in the ’70s and you could renovate it and add so much value to it. It would suit professional people who either work or already live in that area.” 109 Marabou Drive will be open for inspection on Sunday from 10am to 10.45pm. Call Mr Torrisi on 0407 636 259.last_img read more

first_imgThe first-pillar pension scheme for veterinarians in the German regional authority of Westfalen-Lippe has entered into a co-operation agreement with its counterpart for doctors, an arrangement said to provide “cost-efficient” access to investments “beyond the mainstream”. The agreement between the two Versorgungswerke – institutions that fund first-pillar pensions for the so-called liberal professions in Germany – covers investment, risk management and risk controlling.The agreement is effective 1 July.From then on, according to a statement, the €10.3bn* doctors pension fund (Ärtzeversorgung Westfalen-Lippe, ÄVWL) will invest on behalf of the veterinarians fund as it would for its own assets, to the extent that this fits with the investment policy of the pension funds for vets. The new arrangement will give the latter “cost-efficient access to more complex investment opportunities beyond the ‘mainstream’”, such as financing of ships and aeroplanes in the logistics transport industry or direct investment in infrastructure and renewable energy.The veterinarians’ pension fund (Versorgungswerk Tierärztekammer Westfalen-Lippe, VW TKWL) has some €300m in assets under management.It had since 2005 used the traditional industry bank for doctors and pharmacists in Germany, Apo-Bank (Deutsche Apotheker- und Ärtzebank) for investment and risk-controlling services, according to a 2013 annual report.The Versorgungswerk for dentists in Westfalen-Lippe had been carrying out risk management, according to the same report.The new co-operation agreement with the doctors’ pension fund is a response to the challenges posed by the continued low-interest-rate environment, with “standard investments” unable to deliver yields in line with discount rates.   Co-investing alongside the doctors’ pension fund will reduce the administrative burden, the Versorgungswerke said in the statement.Responsibility for all aspects of the co-operation lies with the veterinarians’ pension fund, it added.Westfalen-Lippe is one of the two regional authorities in the western German federal state of North Rhine Westphalia.*As at 31 December 2014last_img read more

first_img Video Player is loading.Play VideoPlayNext playlist itemMuteCurrent Time 0:00/Duration 2:12Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -2:12 Playback Rate1xChaptersChaptersDescriptionsdescriptions off, selectedCaptionscaptions settings, opens captions settings dialogcaptions off, selectedQuality Levels720p720pHD540p540p360p360p270p270pAutoA, selectedAudio Tracken (Main), selectedFullscreenThis is a modal window.Beginning of dialog window. 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This modal can be closed by pressing the Escape key or activating the close button.PlayMuteCurrent Time 0:00/Duration 0:00Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -0:00 Playback Rate1xFullscreenWhen is the best time to sell or buy? Property cycles explained02:13 “Both household spending and residential construction activity have weighed on economic growth so a turnaround in these sectors would be a welcome turn of events.”From a business perspective, Gold Coast Central Chamber of Commerce president Martin Hall said the cut offered a “mixed bag” of positives and negatives.“Low interest rates from today mean the rate or the cost of borrowing for a business is cheaper,” he said.“It would be great if we could get some of that revenue back into smaller business.”He said it would be great to see any savings being invested back into tourism infrastructure on the Coast. “Dropping interest rates to below 1 per cent may have a negative impact on consumer confidence in the economy, and we know that when people are experiencing uncertainty, they are less likely to make major financial decisions such as buying or selling property,” she said.“Our data has been suggesting a future upwards swing within the Queensland property market for some time now.“Whether or not an additional interest rate cut will have any material impact on the current state of the property market remains to be seen.” The cash rate is now at a historic low.However, REIQ Gold Coast zone chairman Andrew Henderson said if the banks passed the rate cuts on, it would be easier for people to borrow more money and pay their mortgages.“It’s already been quite low but it’s still going to put more money in people’s pockets,” he said.“Part of the equation is, how much do the major players pass on.“It’s a competitive industry so hopefully they come to the party and pass on the rate cut to the consumer.”Ray White Surfers Paradise chief executive Andrew Bell said it made home loans more affordable but rates were already so low it was no longer a stimulant for people to borrow money.“Of course any low interest rate does help, subject to the banks passing it on, but I don’t expect it to make a significant difference,” he said.CoreLogic’s head of research Tim Lawless said lower interest rates with a subtle loosening in credit policies and improved sentiment had already seen house values rise.More from news02:37International architect Desmond Brooks selling luxury beach villa9 hours ago02:37Gold Coast property: Sovereign Islands mega mansion hits market with $16m price tag1 day ago The RBA has cut the official interest rate to 0.75 per cent.PROPERTY experts are divided about whether the Reserve Bank’s decision to slash the cash rate to a new record low will help or hinder the market.The official interest rate has been lowered to 0.75 per cent following cuts in June, July and August.While it was anticipated, not everyone is convinced the cut will be a benefit.Real Estate Institute of Queensland chief executive Antonia Mercorella said it may undermine the state’s strong market.She welcomed decisions that would make it easier for Queenslanders to pay their mortgages or ease affordability but was concerned it would shake public confidence. MORE NEWS: Housing set for fresh record highscenter_img “The rebound in housing conditions should help to support an improvement in economic conditions as higher housing prices translate to a wealthier and more confident household sector, who will hopefully be inclined to spend more,” he said. “Stronger housing conditions should also support the residential construction sector where approvals dropped through the housing downturn. MORE NEWS: Beach house hits market with jaw-dropping price taglast_img read more

first_imgChristchurch Press 19 Sep 2012The area south of Tuam St could become Christchurch’s new red-light district because authorities want to keep brothels out of other parts of the central city. The Canterbury Earthquake Recovery Authority (Cera) has raised concerns that a proposed city council bylaw allowing brothels to operate in the central-city commercial zones does not align with its vision for the area. It has written to the council urging it make changes to the bylaw so that key areas of the central city are kept brothel-free. It wants the bylaw amended to prohibit brothels and any signs relating to commercial sex services from being set up in the new eastern and southern frames and the seven other areas of the central business district it has designated for key anchor projects. Its suggested changes radically reduce the area of the CBD in which brothels are allowed to operate and are likely to force the council into a rethink. The bylaw was drafted before the release of the recovery plan for the central city and allowed for brothels to be set up in commercial business areas across the CBD provided they were not immediately adjacent to important open spaces such as Cathedral Square and Worcester Blvd. Cr Helen Broughton, who heads the subcommittee considering submissions on the proposed bylaw, said it was clear from Cera’s letter that some changes to the bylaw would need to be made.…..The New Zealand Prostitutes Collective was unaware of Cera’s stance on the location of brothels in the CBD until contacted by The Press yesterday. Regional co-ordinator Anna Reed said its submission came as a surprise. “We think that brothels should be allowed within any area of the CBD that any other commercial business would be accepted,” she said. Before the quakes, 12 of the 13 known commercial brothels in Christchurch were in the CBD. read more

first_imgThe long-time driver won more than 130 features and a regional championship in an IMCA Modified career that began in the 1980s, later finding success in both the sanctioned Stock Car and Southern SportMod classes.  The Bratcher Funeral Home in Denison, Texas, is in charge of arrangements. Winner of IMCA’s 20th anniversary Challenge Race in 1999 and the Texas IMCA Nationals at Royce City the following spring, Gould had also promoted the track at Ardmore and served as a tireless ambassador for the sport.  Much accomplished in his racing career, Ronny Gould celebrated with an impromptu peck for IMCA’s Brett Root following his Modified win at the inaugural Texas IMCA Nationals in 2000. The personable Gould, from Calera, Okla., passed away on Saturday. CALERA, Okla. – The dirt track racing world mourns the loss of one of its most accomplished and certainly most personable and popular drivers with the passing of Ronny Gould. “Ronny always had a smile on his face. He loved his family and he loved racing,” IMCA President Brett Root said. “We send our sympathies to his family and many friends.” Gould, 57, died on Saturday. Funeral services are at 10 a.m. Friday, Sept. 18 now at Grayson County Speedway in Bells, Texas. last_img read more

first_imgBatesville, In. — The world famous Harlem Globetrotters announced today that the team is offering complimentary game tickets to any U.S. government employee currently on furlough to the 2019 Fan Powered North American tour.  The Globetrotters tour of Indiana includes seven games, the team’s schedule is as follows:Thursday, Jan. 17 at East Central High School in St. Leon at 7 p.m.Friday, Jan. 18 at Bankers Life Fieldhouse in Indianapolis at 7 p.m.Monday, Jan. 21 at Bankers Life Fieldhouse in Indianapolis at 2 p.m.Wednesday, Jan. 23 at Logansport High School at 7 p.m.Saturday, Jan. 26 at Purcell Pavillion in South Bend at 7 p.m.Tuesday, Jan. 29 at Madison High School in Madison at 7 p.m.Sunday, Feb. 3 at the Allen County War Memorial Coliseum at 1 p.m.“As the Ambassadors of Goodwill, we want to show our support to all those government workers whose paychecks, and by extension, their families, are directly impacted,” said Globetrotter President Howard Smith.Any U.S. government employee currently on furlough can show their valid government ID at their local box office and receive two complimentary tickets to a Harlem Globetrotter game in North America while supplies last.  The offer is only valid during the current government shutdown and is not valid on previously purchased tickets. Quantities are limited and seat locations vary by venue.  Fans are asked to check with their local box office for details.The Globetrotters, in the midst of their 93rd consecutive season, are currently touring North America as part of their 2019 Fan Powered World Tour, which will see the team play in more than 250 North American markets, as well as 30 countries worldwide. Tickets are now available online herelast_img read more

first_imgThe National Hurricane Center is currently tracking an area of low pressure off of the coast that they believe may develop into our first named storm of the hurricane season.The area is several hundred miles southwest of Bermuda and has a 70% chance of developing over the next two days, which is up from the 60% chance of development that was predicted this morning.At this moment, the area has no defined center of circulation but officials believe it could become more organized to form our first storm of the season Tuesday.If it does develop into a storm, it will be named Andrea.It is not predicted to pose a threat to Florida.Stay connected with us all Hurricane season long by visiting our Storm Central Page!Storm Centrallast_img read more