Survey Puts Spotlight on Needs of Millenial Homebuyers

first_img With more and more of the Millenial generation entering the housing market each day, the “”National Association of Realtors””: (NAR) took a look at their browsing and purchasing habits to determine how their presence will affect the industry.[IMAGE]According to NAR’s report, Millenials (those born between 1980 and 2000) make up the second largest group of recent buyers at 28 percent; Generation X (those born between 1965 and 1979) took the largest share at 31 percent. The median age of recent Millenial homebuyers was 28, their median income was $66,200, and their median down payment was 5 percent–which was most often financed through their personal savings as opposed to the proceeds obtained from the sale of a former residence.””Homeownership is an investment in your future, and is how many younger American families begin to accumulate wealth,”” said Paul Bishop, VP of research for the association. “”The oldest of the Millenial generation are now entering the years in which people typically buy a first home, and despite the recent downturn, homeownership still matters to them.””Bishop added that the sheer size of the Millenial generation–the second largest in history after the Baby Boomers–should give a “”powerful boost to long-run housing demand, though in the short-term mortgage accessibility and student debt repayment remain challenges.””While the vast majority of recent buyers (an estimated 80 percent) considered their home purchase a “”good financial investment,”” young buyers were even more likely to think so (85 percent).In terms of what they’re looking for, younger buyers had a tendency to stay closer to their previous residence–often staying within 10 miles–and were more likely to buy a home in an urban or central city area than older buyers. They also placed higher importance on commuting costs than older generations, who focused more on energy efficiency and living in an environmentally friendly community.The report also showed the Internet is an important tool for homebuyers and industry professionals alike: 90 percent of Millenials frequently used the Internet to search for homes, and they were also more likely to find they home they eventually purchased on the Web.””An interesting finding is that Older Boomers and Silent Generation [born between 1925 and 1945] buyers found the mortgage application and approval process more difficult than expected compared to younger buyers,”” Bishop noted. “”This underscores the ongoing challenges that many credit worthy home buyers face with today’s tight credit standards.””On the seller side, the largest group was Generation X, comprising 30 percent of recent sales, followed by Younger and Older Boomers (a combined 42 percent), and the Silent Generation (19 percent). Typically, older sellers had been in their homes longer, while Millenial sellers had occupied their homes for a median of only five years (most often relocating due to job changes or needing a larger home). Agents & Brokers Attorneys & Title Companies First-Lien Mortgages First-Time Homebuyers Home Sales Investors Lenders & Servicers National Association of Realtors Service Providers 2013-07-10 Tory Barringer in Data, Origination Sharecenter_img July 10, 2013 432 Views Survey Puts Spotlight on Needs of Millenial Homebuyerslast_img read more

Home Value Appreciation Set to Ease Over the Next Year

first_img Agents & Brokers Attorneys & Title Companies Home Prices Home Values Investors Lenders & Servicers Service Providers Zillow 2013-10-18 Krista Franks Brock in Data October 18, 2013 450 Views Home Value Appreciation Set to Ease Over the Next Yearcenter_img The recent fast-paced home price appreciation across the country led some markets to the brink of a bubble, but deceleration over the summer months has “”Zillow””: analysts breathing a sigh of relief as the bubble threat deflates. [IMAGE]Home value appreciation has declined steadily for three months, according to Zillow, and half of the nation’s 20 largest metros experienced negative appreciation in September. “”Far from being a negative sign, we’re relieved to see more noticeable signs of cooling in the market,”” said Stan Humphries, chief economist for Zillow. “”If home values continued to rise as they have, relatively unchecked, we would almost certainly be headed into another bubble cycle, and nobody wants that,”” Humphries said. At 1.2 percent, home value appreciation in the third quarter was about half that of the second quarter, according to the U.S. Zillow Home Value Index. Year-over-year, home values appreciated 6.4 percent, according to Zillow. Zillow’s Home Value Index is now $163,000. [COLUMN_BREAK]While some markets continue to struggle, a few California markets–despite having escaped the worst of the housing crisis–have experienced fast-paced price gains over the past year. Rising prices threatened affordability in these markets as income growth lagged behind.San Diego, California; Los Angeles, California; and San Francisco, California–all having posted monthly price gains around 3 percent a few months ago–experienced price depreciation at the end of the third quarter. Zillow detected monthly declines of -1.2 percent in San Diego, -1.1 percent in Los Angeles, and -0.1 percent in San Francisco. “”This is more proof that the market recovery is entering a new phase, transitioning away from the bounce off the bottom we’ve been experiencing and finding a more sustainable level,”” Humphries said. “”This moderation should help consumers feel more at ease in their decisions to buy and sell, and will help keep the market balanced,”” he added. While half of the 30 largest metros experienced price declines over the month, none experienced price declines over the year in September, according to Zillow. Zillow expects annual home price appreciation to continue to ease over the next year, reaching about 3.8 percent by September of next year. The three metros with the greatest annual home price appreciation in September were all located in California–Sacramento, California (34.1 percent), Las Vegas, California (33.3 percent), and Riverside, California (31.8 percent). Rents rose 1.3 percent in the third quarter and 2 percent over the year in September, according to Zillow. Sharelast_img read more

Here is What Determines How Quickly a Home Sells

first_img CoreLogic Days on Market Single-Family Housing Market 2016-08-15 Seth Welborn Here is What Determines How Quickly a Home Sells The National Association of Realtors reported in its last existing-home sales report that single-family homes stayed on the market for an average of 34 days in June, unchanged from June 2015 but up two days from May’s total of 32.A number of factors can determine how many days a home stays on the market, such as the listing price, housing characteristics, and amenities. Building on an earlier two-part analysis by CoreLogic Director of Analysis Matt Cannon, CoreLogic Principal Economist Bin He found that public listing comments can affect how many days a home stays on the market after controlling for list price, geographic variations, and housing characteristics.“After all, public comments that listing agents provide contain additional information about the property amenities, property architecture and neighborhood information, among other things,” He said.Days on the market is defined as the time between the date the property is listed and the date the contract is signed; the CoreLogic study examined more than one million single-family transactions that closed nationwide during 2016. Distressed properties were excluded since they often sell faster than non-distressed properties and are usually heavily discounted.Cannon’s study originally analyzed the impact of public comment on days on the market by extracting pairs of words after raw public listing comments were converted to quantitative information using a document-term matrix.“After all, public comments that listing agents provide contain additional information about the property amenities, property architecture and neighborhood information, among other things.”Ben He, Principal Economist, CoreLogic“Days on market can vary significantly across different geographic areas, and hence geographic variation can mask the information contained in listing comments,” He said, adding that in his analysis, “geographic area variation was controlled so that we can better understand the specific impact of words from listing comments with days on market.”The study found that properties with features such as “fenced backyard,” “open concept,” “natural light,” and “updated kitchen,” tended to sell quickly while word pairs such as “golf course,” “gourmet kitchen,” “ceramic tile,” and “granite countertop” attached to properties tended to increase the number of days a property stays on the market. The word “fence” appeared frequently among the top word pairs, indicating it is a top priority for buyers; meanwhile, homes listed as “single story” tended to sell more quickly, while “two story” had a tendency to increase the number of days a property stayed on the market.“It is not easy to figure out why properties with ‘gourmet kitchen’ stay on the market longer, but one possibility is that this luxury feature would lead to a higher property value,” He said. “Homes that have higher prices relative to their neighbors may have less demand than lower-priced, more affordable homes, and hence it takes a longer time to sell.” in Daily Dose, Featured, Newscenter_img August 15, 2016 629 Views Sharelast_img read more

HUD New Home Sales Above Estimates

first_img The Department of Housing and Urban Development, in conjunction with the U.S. Census Bureau released its report on New Residential Sales for May 2017 on Friday.  The sales figures were seasonally adjusted and came to an estimated 610,000, an increase of 2.9 percent (plus or minus 13.0 percent) from April’s revised rate of 593,000, and an 8.9 percent increase (plus or minus 21.9 percent) of May’s estimate a year prior, which totaled 560,000. New houses sold in may had an average price of $406,400; the median sales price came to $345,800. The HUD also figures that, at the end of May on a seasonally adjusted level, there are currently 268,000 new houses on the market. If the rate of sales of new homes continues, there will be a total supply lasting 5.3 months. It’s important to note that these figures are constantly being revised. In the May report, seasonally adjusted estimates of houses sold, houses for sale, and the supply of houses for January 2015 through March 2017 were revised. There also is a margin for error, as stated in the explanatory notes: “In interpreting changes in the statistics in this release, note that month-to-month changes in seasonally adjusted statistics often show movements which may be irregular. It may take three months to establish an underlying trend for building permit authorizations, six months for total starts, and six months for total completions. The statistics in this release are estimated from sample surveys and are subject to sampling variability as well as nonsampling error including bias and variance from response, nonreporting, and undercoverage.” Explanations of confidence intervals and sampling variability can be found at the Census Bureau’s website. The next joint report of New Residential Sales for June 2017 will be released on Wednesday, July 26, 2017. June 23, 2017 578 Views Share Census Bureau HUD May New Home Sales 2017-06-23 Staff Writercenter_img HUD: New Home Sales Above Estimates in Daily Dose, Featured, Government, Headlines, Newslast_img read more

Homebuyers Were Cautious About Purchasing Homes in December

first_img Consumers Fannie Mae Homebuyers HOUSING HPSI Jobs monthly indicators National Housing Survey Sellers 2018-01-09 Staff Writer Share in Daily Dose, Featured, Government, News Is it a good time to buy? Many Americans don’t think so, according to the Fannie Mae House Purchase Sentiment Index (HPSI) released recently. As consumers remained cautious about the housing outlook at the end of 2017 on the back of tax reforms discussions, The HPSI, which is one of the monthly indicators for Fannie Mae’s National Housing Survey, fell two points in December to 85.8 due to a decrease is four of the six HPSI components that make up this index. The HPSI is constructed from answers to six National Housing Survey (NHS) questions that  include whether they think it is a good or bad time to buy or sell a house, what direction they expect home prices and mortgage rates to move, how concerned they are about losing their jobs, and whether their incomes are higher than they were a year earlier.In December, the net share of respondents who said now was a good time to buy a home decreased 5 percentage points to 24 percent compared to November and was down 8 percentage points compared to the same period last year. Meanwhile, the net share who reported that now was a good time to sell a home remained flat at 34 percent and was up 21 percentage points year-over-year. The net share who said home prices would go up in the next 12 months decreased 2 percentage points to 44 percent in December, while Americans also expressed a weakened sense of job security, with the net share who said they are not concerned about losing their job decreasing 6 percentage points to 68 percent. Finally, the net share of consumers who said mortgage rates would go down over the next 12 months fell 1 percentage point in December to 52 percent, while the net share reporting that their income was significantly higher than it was 12 months ago rose 2 percentage points to 16 percent.“Entering 2018, housing affordability remains a persistent challenge, particularly in rental markets, where consumer expectations for price increases over the next 12 months reached a new survey high,” said Doug Duncan, senior vice president and chief economist at Fannie Mae. center_img January 9, 2018 550 Views Homebuyers Were Cautious About Purchasing Homes in Decemberlast_img read more

Northern Hemisphere market report for Week 36 end

first_img Northern Hemisphere market report for Week 36 (ending September 7) You might also be interested in Decofrut/edited by is not responsible for the information provided by State of the Market. The contents only reflect analysis carried out by Decofrut.center_img September 14 , 2018 last_img

Bananas in Charts US market supplies hit fivey

first_img Bananas in Charts: U.S. market supplies hit five-y … January 15 , 2019 Spanish police find cocaine haul in Costa Rican ba … The center also found that plantations covered 57,327 hectares in 2016, meaning that within a year the industry increased its production area by 16%.The discovery comes amid controversy in the country that the sector’s expansion is negatively impacting on the environment, including causing water pollution and deforestation.In May 2017, just days after announcing a ban on the herbicide bromacil, Costa Rican authorities ordered the suspension of Del Monte subsidiary Pindeco’s ‘Osa’ pineapple project amid protests over its proximity to protected sites. Costa Rica: Protests block shipping port, lead to … center_img You might also be interested in Mexican avocados: WTO to mediate after Costa Rican … Updated satellite imagery has shown the expansion that has taken place in the Coast Rican pineapple industry over recent years.Images from satellites images from the PRIAS Laboratory of the National High technology Center (CENAT) show that there are 66,266 hectares of pineapple production.last_img read more

Celebrity Cruises on sale Celebrity Cruises has re

first_imgCelebrity Cruises on saleCelebrity Cruises has released its annual “Wave” deal for 2019 offering guests up to AUD$400 in savings on their cruise fares, plus free drinks, USD$600 onboard spending money and free high-speed Wifi, for bookings made by 6 March 2019. T & Cs apply.Seven Seas Explorer in OZ for 20/21 seasonRegent Seven Seas Cruises has announced that “The Most Luxurious Ship Ever Built™”, Seven Seas Explorer, will cruise Australian and New Zealand waters as part of her 2020/21 season for the first time since debuting in 2016. Seven Seas Explorer will be entering Australian waters for the first time on the 28 December 2020, visiting Darwin before she sails down to Sydney on 6 January 2021.Viking’s next World CruiseViking has announced its new 2020-2021 Viking World Cruise, which will span 161 days, six continents and 75 ports, with overnight stays in 13 cities. Viking Sun will set sail on 14 December, 2020 from Miami, with six new ports of call on the itinerary, including Honolulu and Nawiliwili, marking the company’s inaugural visit to the Hawaiian Islands.The grand voyage will allow guests to explore islands of the Caribbean and the South Pacific; call upon ports in Asia, from Hong Kong to Bangkok; explore countries of the Middle East, including Oman, Jordan, Egypt and Israel; and sail through the Mediterranean before concluding in London. Guests can also choose a shorter, 140-day segment of the sailing, 2021 Viking World Discoveries, which departs from Los Angeles in January 4, 2021, and visits 27 countries and 66 ports.Pricing for the 2020-2021 Viking World Cruise starts at $85,995 per person and 2021 Viking World Discoveries starts at $75,995 per person, based on double-occupancy. Both of Viking’s new world cruise itineraries include Business Class international air, transfers to and from the ship, all gratuities and service fees, complimentary visa services, the Silver Spirits Beverage Package, and free luggage shipping services for embarkation.Guests who book between now and 28 February, 2019 will receive an additional $2,000 USD per person in shore excursion credit for any optional land programs and $1,000 USD per person in shipboard credit which can be used toward optional tours, spa services, onboard shops and beverages. Viking Explorer Society members who book the 2020-2021 Viking World Cruise or 2021 Viking World Discoveries through February 28, 2019 will receive an additional $1,000 USD in shipboard credit per person.Silver Muse sails into Sydney for her first visitThe inaugural arrival into Sydney Harbour of Silversea’s iconic flagship, Silver Muse, on 6 January 2019, marks the first time in a decade that Silversea has brought one of its new vessels to Australia; she launched for the first time in April 2017. The ship was welcomed by the Australian Girls’ Choir, singing at the pier at White Bay Cruise Passenger Terminal.CLIA (Australasia) appoints Communications DirectorEuropean WaterwaysEuropean Waterways is offering up to 20% off charters and cabin prices on select cruises for European spring 2019. With the growing popularity of solo travel, the company is also waiving the single supplement on select cruises.A complete list of eligible vessels, departure dates and applicable specials is available HERE.Riviera Travel – solo travellersRiviera Travel has added another 187 solo occupancy cabins to its European cruises in April and May, 2019. Available on 23 dates, the cabins allow solo guests to sail without paying any single supplement.Oceania Cruises Next Gen shipsOceania Cruises, the upper-premium subsidiary of Norwegian Cruise Line, has announced an order for two new Allura Class ships from Fincantieri S.p.A. The ships will be delivered in 2022 and 2025.“This new class of ships will represent an evolution of the Oceania Cruises experience with all the elements our guests treasure – a warm, intimate, residential style; the most spacious standard staterooms afloat; amazing suites, and of course, the finest cuisine at sea,” saidBob Binder, President and Chief Executive Officer of Oceania Cruises. Viking launches Explorer SaleViking is offering exclusive deals – from free or discounted flights and bonus stateroom upgrades to complimentary city extensions and savings of up to $4,600 per couple* – during its Explorer Sale, valid until 31 March, 2019, unless sold out prior, across both ocean and river cruises.Scenic Eclipse offers until 29 March 2019Scenic has released a range of offers across more than 60 countries, on sale until 29 March 2019, unless sold out. Offers include river cruises in Europe and Asia; land tours in Africa, India, China, Australia, New Zealand, Canada, Alaska and the USA, as well as on Scenic Eclipse* sailings across the globe.*Subject to availability. Terms and conditions apply IMAGE: Viking Sun in Bora Boracenter_img cruisecruise newsocean cruiseRiver cruiselast_img read more

Former Cardinals kicker Phil Dawson retires

first_img Former Cardinals kicker Phil Dawson retires The Arizona Cardinals will sign quarterback Zac Dysert off their practice squad in anticipation that starter Carson Palmer might not be ready to return from concussion protocol for a Thursday game against the San Francisco 49ers, reports ESPN’s Adam Schefter.Dysert beat out Aaron Murray for the third quarterback gig after the Cardinals parted ways with former No. 3 signal-caller Matt Barkley following the preseason. Derrick Hall satisfied with D-backs’ buying and selling 0 Comments   Share   Top Stories A Miami (Ohio) product, Dysert was a seventh-round pick in 2013 by the Denver Broncos and played for four other NFL teams before landing with Arizona. He’s has not thrown a pass in a regular season NFL game.Palmer left the fourth quarter of Arizona’s loss to the Los Angeles Rams on Sunday after taking a sack and hitting his head on the turf at University of Phoenix Stadium. On Monday, head coach Bruce Arians appeared more optimistic about Palmer’s health permitting him to play on a short week, but a precautionary move isn’t surprising considering he’s yet to be cleared less than 72 hours before kickoff.Arians said Sunday the team would be “very, very careful” not to rush Palmer back.The Cardinals will start backup Drew Stanton at quarterback if Palmer is not able to give it a go, but there is no depth behind him without the addition of Dysert. Miami Dolphins quarterback Zac Dysert (2) looks to pass during the first half of an NFL preseason football game against the Tennessee Titans, Thursday, Sept. 1, 2016 in Miami Gardens, Fla. (AP Photo/Lynne Sladky) The 5: Takeaways from the Coyotes’ introduction of Alex Meruelo Grace expects Greinke trade to have emotional impactlast_img read more

The Etihad Flight College has signed a purchase ag

first_imgThe Etihad Flight College has signed a purchase agreement for four Embraer Phenom 100E aircraft and options for three additional aircraft of the same model. The deal is valued at approximately US$30 million, based on current list prices, if all options are exercised, and deliveries of the aircraft to Etihad Flight College will start in 2016.Based in Al Ain, the Etihad Flight College was established to train pilots for the airline’s rapidly expanding fleet, and currently provides fixed wing training for up to 120 Emirati and international cadets annually.The delivery of the four new Embraer Phenom 100E aircraft will bring to 20 the number of aircraft in the trainer fleet, which also includes 10 Cessna 172SP Skyhawk and six Diamond DA42NG aircraft.“As the national airline of the UAE, it is vital for us to establish a world-class training facility to support the training and manpower development of the local Emirati workforce, while also providing a source of well-trained, highly-skilled pilots for our growing operations,” said Richard Hill, Etihad Airways’ Chief Operations Officer.“The Phenom 100E’s airline-grade technology, performance and reliability make it an ideal initial training platform to prepare our cadets for line operations.”“We are very pleased with the selection of the Phenom 100E by Etihad Flight College,” said Marco Túlio Pellegrini, President and CEO, Embraer Executive Jets. “The Phenom 100E has proven to be the ideal aircraft for jet pilot training, delivering advanced cockpit technology, along with high performance and high reliability, at a low operating cost.”The Etihad Flight College is the first organisation in the world to use multi-engine aircraft in the core phase of its innovative Multi-Crew Pilot Licence (MPL) training program, ensuring students are provided with the core competencies required of an airline pilot in today’s ever-changing aviation marketplace.The MPL program focuses on relevant and airline operator-specific training, rather than the traditional model of general aviation-focused training in a generic format.  It produces pilots with not only the skills to fly a modern commercial aircraft to the most exacting standards, but the competencies and attitudes required of a professional pilot as well.Etihad Airways currently employs over 2,200 pilots and operates a fleet of 116 Airbus and Boeing aircraft, with over 200 additional aircraft on firm order.last_img read more

The eight  tented suites offer king size beds with

first_imgThe eight  tented suites offer king size beds with large windows so clients can feel immersed in the endless views from the comfort of their bed. Wood burning stoves keep the domed suite warm throughout the night. The main area has been designed with the classic camp-fire experience in mind.From their stylish base at The Highlands clients can enjoy the iconic Ngorongoro Crater safari. Ngorongoro is the largest un flooded and unbroken caldera in the world and home to the highest density of lion anywhere in Africa, as well as the other members of the Big 5. From camp the wild highlands which surround the camp can be explored – home to leopard, buffalo and elephant and the Maasai people whose pastoral way of life has remained unchanged for centuries.Go back to the e-newsletter > Go back to the e-newsletter >Asilia Africa has announced that its newest property, The Highlands, will open in Ngorongoro in March 2016, set high on the slopes of Olmoti volcano with  views to the Serengeti.last_img read more

Christmas For some it evokes visions of home comf

first_imgChristmas. For some it evokes visions of home comforts, bubbly beverages and pine needles covering the living room floor. For others, Christmas is a time to travel.And if you are looking for ultimate family holiday to see in the festive season, one that will offer up extraordinary adventures off the beaten track, and a chance to enjoy the great outdoors and connect with nature, Kenya’s award-winning tented safari camp, Sanctuary Olonana, may be just the ticket.Situated on a private stretch of the Mara River in the heart of Kenya’s most famous game reserve, the Masai Mara, this small and exclusive camp is only a short 45-minute flight from Nairobi and offers a broad spectrum of activities including game drives, cultural visits, bush dinners, sun-downers, balloon flights and scenic flights, making it a wonderful and unforgettable African safari for guests of every age.Plus there’s a broad range of dedicated children’s activities on offer. The camp’s friendly and expert guides will take kids out on special game drives and accompany them to the nearby Masai village where they can learn how to make and shoot a traditional bow and arrow, make a fire, build a hut and herd cattle. They can also mingle with local children over a game of football and learn Masai songs and traditional dances. Other activities sure to keep them engaged include nature walks where they’ll learn to identify animal footprints, bush treasure hunts and even planting their own tree.Special family tented rooms feature two double beds, perfect for those with younger children. And for parents wanting a bit of ‘me time’ babysitting facilities are available and the camp also offers a delicious range of kid-friendly menus.Special offer: Stay Longer, Pay LessStay one – two nights at Sanctuary Olonana and pay US $350 per night per adult and US $135 per child aged three – 15 years old. Children aged zero – two years stay for free.Stay three – four nights at any combination of Sanctuary Retreats African camps and lodges including Sanctuary Olonana and save 30 per cent.Stay five – seven nights and save up to 35 per cent.Stay more than eight nights and save up to 40 per cent.Prices include all meals and drinks (excluding premium brands), transfers to and from Kichwa Tembo Airstrip, laundry, shared activities: shared game drives, nature walks, Masai village visits, sundowner cocktails and bush meals.last_img read more

Go back to the enewsletter American Airlines the

first_imgGo back to the e-newsletterAmerican Airlines, the world’s largest airline, will more than double its Boeing 787 Dreamliner fleet with a new order for 47 of the super-efficient aircraft (plus 28 options). The 47 787s are valued at more than US$12 billion at list prices and makes American Airlines the largest 787 customer in the Western Hemisphere.American originally ordered 42 787 Dreamliners and has been using the aeroplanes’ tremendous fuel efficiency and superior passenger amenities to open new routes around the world, including Asia Pacific and Europe, and boost its network efficiency. While American still has more aeroplanes on the way from its initial order, the airline is buying the additional Dreamliners – 22 787-8s and 25 787-9s – to further modernise and expand its fleet.“We are extremely honoured that American Airlines is deepening its commitment to the 787 Dreamliner. This new order is a powerful endorsement of the 787 family’s unique passenger appeal and unmatched ability to help airlines open new routes and grow profitably,” said Boeing Commercial Airplanes president and CEO Kevin McAllister.Built with lightweight composite materials and powered by advanced engines, the Dreamliner family lowers operating costs by more than 20% compared to previous airplanes, and nearly 10% compared to competing jets.American becomes the latest airline to place a repeat order for the 787 Dreamliner. More than half of the program’s 71 customers have done so, which has helped the 787 program achieve more than 1,350 orders to date.“We are showing again and again that the 787 Dreamliner is the champion in its class. The airplane’s tremendous value proposition explains why it has become the fastest selling twin-aisle jet in history,” said Ihssane Mounir, senior vice president of commercial sales and marketing for The Boeing Company. “And when we match the Dreamliner with Boeing’s suite of services, it is a combination that delivers unbeatable value for our customers.”Boeing’s Global Services division provides American Airlines with efficiency tools such as Aeroplane Health Management and Toolbox, which help the airline improve operational performance and improve dispatch reliability.The 787-8 Dreamliner can fly 242 passengers up to 7,355 nautical miles (13,620 kilometres) in a typical two-class configuration. The 787-9, a stretch of the 787-8, can fly 290 passengers up to 7635 nautical miles.About Boeing and American Airlines’ historyThe relationship between Boeing and American Airlines spans over 80 years. Some of the key shared milestones include:June 1936: American becomes the first to fly the Douglas DC-3 in commercial serviceJanuary 1959: American uses the Boeing 707 to offer the first coast-to-coast jet serviceMarch 1961: American is the first in-service with the Boeing 720BJuly 1971: The first DC-10 delivery goes to AmericanMay 2015: American flies its first revenue flight with the Boeing 787 DreamlinerGo back to the e-newsletterlast_img read more

Go back to the enewsletter

first_imgGo back to the enewsletter Go back to the enewsletterAir Canada has celebrated the commencement of its first year-round service between Melbourne and Vancouver, with non-stop Boeing 787 Dreamliner flights opening up an exciting new gateway to North America for travellers across Victoria, Tasmania and South Australia.Air Canada is initially operating three non-stop services from Melbourne a week, with flight AC038 departing at 09:40am each Tuesday, Friday and Sunday. A fourth service will be added in November 2018.From Vancouver passengers can explore British Columbia’s world-renowned attractions or continue on to more than 120 destinations across Canada and the Unites States. Australian flights are specifically timed to optimise connectivity to the airline’s extensive US network, which includes popular cities such as New York, Chicago, Boston and Las Vegas.Passengers on the new Melbourne-Vancouver service will travel in Air Canada’s Boeing 787-9 Dreamliner aircraft, which offers a choice of three cabins: Air Canada Signature Class (featuring the airline’s next generation Executive Pod), Premium Economy Class and Economy Class.Cutting the ribbon are (L-R) Ryan Both, Melbourne Airport’s Head of Commercial Aviation and Vic Naughton, Air Canada’s General Manager AUS/NZ.Air Canada General Manager Australia and New Zealand, Vic Naughton says the Melbourne service will further establish Vancouver as the most friendly and convenient year-round gateway to North America for Australian business and leisure travellers.“Our new Melbourne service offers not just the only direct link to Canada but also one of the fastest ways for Australians to reach New York and the US east coast,” says Naughton.“A key reason is that upon arrival in Vancouver International Airport, passengers who are transiting to the US can seamlessly pass through the airport’s US immigration and customs clearance facilities without collecting their bags. Once through they then simply board their connecting flight and collect their luggage when they touch down in the US.”Air Canada GM Australia/New Zealand, Vic NaughtonMelbourne is Air Canada’s third year-round port in Australia, with daily non-stop services operating from Sydney and Brisbane to Vancouver International Airport.In Australia the new Melbourne service is timed to connect to and from domestic flights from Adelaide, Hobart and Perth operated by Air Canada’s codeshare partner Virgin Australia.Victoria’s capital is one of 10 new destinations Air Canada is adding to its rapidly-expanding international network this year, which now includes more than 200 airports on six continents.FlightRouteFrequencyLaunchesDepartArrive DestinationAC038Melbourne-Vancouverthree times weeklyJune 3, 201809:40  Tue / Fri / Sun07:35AC037Vancouver-Melbournethree times weeklyJune 1, 201822:45  Wed / Fri / Sun07:55 (+2 days)last_img read more

Go back to the enewsletter Air France this week in

first_imgGo back to the enewsletterAir France this week inaugurated its completely revamped and more spacious lounge at Washington-Dulles International Airport in the United States.Available to Air France La Première and Business customers and Flying Blue Elite Plus members, the facility now features a more elegant and modern setting. Spanning a total surface area of 615 square metres, on two levels, the lounge can accommodate up to 155 customers.At the heart of the lounge, a new dining area has been offering business customers on the daily 21:10 AF027 flight from Washington to Paris-Charles de Gaulle the Night Service.The Night Service anticipates customers’ need to enjoy a good night’s sleep on night flights. They can enjoy the same gourmet French meal in the airport lounge as the one served on board. A full meal comprising a starter, hot dish, cheese, dessert and a wines and Champagnes list is served at their table.During the flight, customers can enjoy a good night’s sleep in the comfort of the business class cabin. A quiet, private cabin, with the guarantee of a peaceful night’s sleep in a seat that transforms into a lie-flat bed. When they awake, when the French coast looms on the horizon, breakfast is served before landing at Paris-Charles de Gaulle.Dressed in a lacquered metal structure and completely open to the lounge, the bar offers a selection of wines, Champagnes and spirits, served by a bartender. For the first time in an Air France lounge, customers can also enjoy cold draught beers.As part of its ongoing effort to offer its customers the best possible service, the company has also revamped its dining area to highlight French gourmet cuisine.Designed in the spirit of a Parisian brasserie, new furnishings and circular benches have been custom-designed to provide conviviality and comfort. Customers can enjoy a self-service buffet with a cold, sweet and savoury selection.The second level offers customers a genuinely cosy environment. In a relaxing light-filled atmosphere, where light screens perfectly mimic sunlight and the colour of the sky, customers can relax comfortably in chaises lounges or other seating of their choice.Go back to the enewsletterlast_img read more

Budget airlines such as Ryanair could be facing so

first_imgBudget airlines such as Ryanair could be facing some new competition after Europe’s biggest travel group revealed plans to create a new low-cost carrier. The deal would see TUI AG merge with Lufthansa’s partners Germanwings and Eurowings.Although the plans have not yet been confirmed, Bloomberg reports that a memorandum of understanding has been signed between the two companies regarding the new budget airline. If it was to go ahead, it would see TUI AG and Lufthansa own 40 per cent of the new airline each, with Germanwings holding the remaining 20 per cent, according to reports in the German press.The low-cost airline would aim to fly around 30 million passengers a year and close the gap on the current leading German budget carrier, Air Berlin.It comes as TUI AG reports that despite the global credit crunch seeing many consumers tighten their belts, summer holiday bookings are still on the up. Peter Long, chief executive officer of TUI Travel, said: “People won’t sacrifice their summer holiday.”ReturnOne wayMulti-cityFromAdd nearby airports ToAdd nearby airportsDepart14/08/2019Return21/08/2019Cabin Class & Travellers1 adult, EconomyDirect flights onlySearch flights Map RelatedGermanwings adds three new routesGermanwings adds three new routesTUI acquires low-cost Moroccan carrierAirline group TUI has increased its stake in low-cost Moroccan carrier Jet4youEmirates eyes Middle Eastern LCCEmirates has announced plans to launch a low cost carrier.last_img read more

Related 6 cheap spring flights to the sun for less

first_img Related6 cheap spring flights to the sun for less than £70 returnFrom Spain to Sicily, get inspired for a spring break with these six cheap flights – all with prices starting at less than £70 return.10 flights to the sun under £100Spain? Turkey? Gran Canaria? It’s not too late to book a summer sun escape! 10 flights all for less than £100 return.6 flights to the sun for less than £75Half-term? Easter? Six ideas for cheap escapes to the sun to Malta, Majorca and more, all with return flights for less than £75. Fancy a cheap city break? How about Rome? Spot of sunshine? Fancy Spain? Get inspired with our pick of six great value flights on Skyscanner – all coming in at under £50 return.1. Zadar, Croatia from £32The secret is well and truly out and now many of us are heading to Croatia for our Costa-free dose of summer sun, but Zadar on the Dalmatian coast is still not quite on the tourist radar. With flights as cheap as this, that mightn’t last for long, but you’ll still find peace and natural beauty if you go swimming or diving along the coast or hiking or rock climbing in the Velebit Mountains close by.2. Frankfurt, Germany from £34Big business is done in Frankfurt, but there’s more to this pin-striped powerhouse than skyscrapers and banking HQs. One benefit of being business-orientated is that hotels lower their prices in the holidays, so you should be able to find a bargain room for a summer city break. You better book well in advance if you fancy going to the Frankfurt Book Fair– the world’s largest – in October.3. Rome, Italy from £38Save the sightseeing: when in Rome you could live off food alone. Start your day with locals’ favourite combo of cappuccino and sugared croissant, stop in at Giolotti’s gelataria for some of the best ice cream anywhere, whatever the weather, and head over the River Tiber to Trastevere for a choice of authentic pizzerias. 4. Dublin, Ireland from £40There’s nothing wrong with spending a weekend in the pub…or several pubs. Whether you’re on a weekend-on-tour with the lads sampling the local Guinness and who knows what else; a boozy hen do doing, well, pretty much the same, or even a hand-holding romantic breaks with your dearest other half, Dublin is a go-to destination. You could both spend all weekend in the pub.5. Paris, France from £43Ok, it’s to Beauvais, not Charles de Gaulle, but if you can cope with a bus transfer through the French countryside into the centre of Paris, it’s a good deal. If you have children in tow then Disneyland may well be your Parisian destination, but there are plenty of kid-friendly attractions in Paris, like the fascinating and fun Cité des Sciences, complete with giant IMAX cinema… and dragon slide!6. Almeria, Spain from £44Spring has sprung at last, but it’s not exactly barbecue weather, so if you fancy a proper bit of sun, it is hot, hot, hot in Almería. Andalucía is the sunniest part of a sunny country and temperatures are pleasantly in the 70s just now. The region boasts many gorgeous beaches, such as Genoveses, a long sweep of sand backed by mountains.Flight prices are correct at time of going to press (29 April 2013)ReturnOne wayMulti-cityFromAdd nearby airports ToAdd nearby airportsDepart14/08/2019Return21/08/2019Cabin Class & Travellers1 adult, EconomyDirect flights onlySearch flights Maplast_img read more

Have you been to any of these amazing volcanoes O

first_imgHave you been to any of these amazing volcanoes? Or would you like to? Let us know below.ReturnOne wayMulti-cityFromAdd nearby airports ToAdd nearby airportsDepart14/08/2019Return21/08/2019Cabin Class & Travellers1 adult, EconomyDirect flights onlySearch flights Map 2. Krakatoa, IndonesiaAfter Vesuvius’s destruction of Pompeii, the eruption of Krakatoa in 1883 is one of the most infamous in history. Its explosion is judged to be the loudest sound ever heard, while its ash cloud blotted out the sun and caused of cancellation of many a barbecue many thousands of miles away in the UK. 3. Yellowstone Caldera, USAYellowstone Caldera is a ‘Supervolcano’, which sounds pretty scary, doesn’t it. Fortunately it has only had three superuptions in the last two million years. However, the possibility of ‘hydrothermal explosions’ led the U.S. Geological Survey to classify Yellowstone as a ‘high-threat’ system. Looks pretty cool though. 4. Piton de la Fournaise, RéunionPiton de la Fournaise is one of the world’s top five most active volcanoes, having had a major eruption four times in the last eight years. Otherwise, French-speaking Réunion is an idyllic tropical island in the Indian Ocean. French football legend Zinedine Zidane has a holiday home there, We will resist making a cheap comparison of these two hot-headed characters. 7. Shishaldin, Alaska, USASticking 10,000 feet up from Unimak Island in the Aleutians, the chain that stretches towarrds Asia from Alaska, the near-perfect snow cone of Shishaldin offers a truly awesome 6,000-foot ski descent. Not that anyone goes there. Its two-peaked wee brother in the foreground is Isanotski. 6. Mount Bromo, IndonesiaIndonesia does quite well for volcanoes, if it’s right to put it like that. Ijen, Ranjani, Semeru, Kelimutu and many more. Mount Bromo is but one in a series of peaks in East Java, sitting in the middle of the evocatively-named Sea of Sand. Bromo went bang big style in 2011. 5.Mount Fuji, JapanOne of the most famous peaks on the planet, Mount Fuji is a potent symbol of Japan. Scaling its heights is a national must-do. Although still classed as active, Fuji hasn’t erupted since 1708, so the threat of being consumed by hot magma is thankfully fairly low..center_img 8. Popocatepetl, MexicoTry saying that after a few mezcals. Looming over Mexico City (if the smog thins enough to see it), Popocatepetl provides an anxious presence. With increasing activity, including several eruptions of steam and ash just last month, it is looking odds-on for a big blow in the near future. Author: james teidemanAwesome, powerful, beautiful and extremely dangerous: lava lovers, feast your eyes and your fears on this selection of the world’s most impressive volcanic attractions.1. Soufriere Hills, MontserratThe sublime tropical island of Montserrat has a monster in its midst, the glowing lava dome of Soufriere Hills. Since blowing its top in 1995, the Hills has continued to behave badly, destroying capital, Plymouth and rendering most of the island uninhabitable. 10. Mount Etna, ItalyThis fiery Sicilian mountain boasts the title of being Europe’s most active volcano. Despiet being in a state of almost constant activity, it’s a mega tourist draw,. You can take a four-wheel drive excursion to explore Etna’s lava fields, volcanic caves and tunnels, and eruptive fissures, but don’t get too close! 9. Mt. Kilauea, HawaiiKilauea on Hawaii’s Big Island claims the title of the world’s most active volcano. Take a boat trip to see one of its most spectacular sights – red hot lava oozing into the ocean which causes the sea to boil and vaporise into white plumes of steam. RelatedVolcano Voyeurs: 10 places for lava loversSkyscanner brings you the top ten destinations for volcano voyeurs.7 of the world’s most extraordinary natural phenomena: in picturesPrepare to be amazed at these seven incredible phenomena from around the world.Bucket list: 10 most clichéd travel things to do and places to go before you dieFrom gondola rides to bungee jumping, the most clichéd travel things to do and places to go – with some amazing alternatives.last_img read more

Related All you need to know about Air Passenger D

first_img RelatedAll you need to know about Air Passenger DutyFrom 1st April 2018, taxes on air travel in the UK (excluding Northern Ireland and the Scottish Highlands) will be changing. Whilst Air Passenger Duty (APD) for short-haul flights remains the same, the APD for long-haul flights is creeping up from £75 to £78 for economy class and from £150…Last minute flights: here’s how to find late travel dealsIn the era of budget airlines, are last minute flights dead? Not if you know how, when, and where to look… Here’s some tried and tested tips on how to bag a last minute flight bargain. Search for last minute flights nowThe best time to book cheap flightsWant to make sure you’re getting the best price for your flight? We’ve got the tool you need that’s just the ticket! Brits missed out on more than £46m in flight savings last year by booking flights at the wrong time. Crunching the numbers on two years’ worth of Skyscanner data, we found that travellers could have saved up to 29% if they’d booked at the right moment. On a £350 flight, that’s more than £100 – enough for a night in a hotel abroad. So next time you fly, make sure you don’t pay over the odds: our interactive Best Time to Book tool not only indicates the ideal moment to book your tickets for hundreds of destinations, but also reveals the cheapest months to travel. If you’re flexible about when and where you travel, booking late can pay off with some cracking deals. You can also use Skyscanner’s Everywhere destination option to reveal the cheapest destinations to fly to at short notice. This tends to work better for city breaks than long-haul holidays, but if you’re prepared to play holiday roulette and wait, you could land a last-minute bargain.2. Skipping insuranceTravel insurance can cost less than a Toblerone Party Bag at Duty Free, yet millions of us Brits jet off without cover, risking £1,000s if things goes wrong. While you might only have to fork out £200-£500 to replace a lost passport, if you pick up an ear infection in the USA, you could face a £2,000 bill for treatment. Meanwhile, an air ambulance for a fractured hip in Thailand could cost £80,000. Even worse, some hospitals may refuse to treat you if you don’t have insurance or enough funds to cover treatment.Skip the insurance offered by your airline or tour operator – a standalone policy will be cheaper. And buy one as soon as you’ve booked your holiday, or you’ve no cover for cancellation or anything else that might go wrong before you travel. Some packaged bank accounts offer travel insurance as a ‘free perk’ but check the cover is suitable before relying on it. They’ll sometimes exclude winter sports or cruise breaks, for example, so read the small print carefully.Bonus tip: If you’re travelling in Europe, remember to take your European Health Insurance Card. But don’t rely on it as a substitute for travel insurance. It entitles you to state medical care at the same rate (not always free) as the locals in the country you’re in, but it won’t cover all your costs, including bringing you back to the UK, if required. From Spain, an air ambulance can cost £25,000. 3. Paying on the spot for airport parkingImagine your airport parking space costing £190 less simply by booking online a few hours ahead. It’s not a fantasy – you’ll save £100s by paying for your spot in advance rather than rolling up and forking out on the day (£385 for a week in Gatwick South’s Premium short-stay car park versus £195 booked the previous day). You could save even more by booking with an approved off-site parking provider – try APH or Purple Parking. Or check into one of the on-site hotels the day before you fly – you can get great deals that cost less than airport parking alone. For example, on the day we checked, the roll-up cost for a week’s valet parking was actually £100 more than the price for a night’s stay at Bloc Gatwick, including eight days’ valet parking and fast-track access through airport security.Or how about checking all your options in one place? Airport-parking comparison site, Skypark Secure, gives you official, off-site and hotel parking options at 28 airports.4. Exchanging currency at the airport Photo: © Lonely PlanetA smartphone is the only guide you need these days. Worried about data costs? Even beyond EU countries (where roaming charges have been abolished), there are some great free apps that work offline and can save you forking out for (and lugging around) a chunky book – and are likely to be more up-to-date. Guides by Lonely Planet (free, Android & iOS) includes some of the best content from the company’s famous guide books, and covers 175+ cities, from Barcelona to Beijing, with downloadable maps and advice from on-the-ground experts. Or swerve the obvious city sights with G Spotting (free, Android & iOS) – the sleek offshoot from Gwyneth Paltrow’s lifestyle website. Meanwhile, for data-free directions, download the Google Maps area for your destination before you go (check out Google Support for details). You’ll find that it all works offline, driving directions included.Published February 2018. Any prices are lowest estimated prices only at the time of publication and are subject to change and/or availability. With sterling weaker than baby’s bicep, it’s more important than ever to get maximum value from your money. And that means pre-ordering your currency, rather than exchanging it at the airport. If you’ve two or more days until departure, search online for the best deals at Travelmoneymax. Some online providers charge a fee for home delivery on smaller amounts – typically £500 or less – but you can bypass this by collecting it yourself. If you’ve left it to the last minute, order cash from the likes of Travelex, ICE and Moneycorp online, and pick it up at your departure airport. On a transaction of €500, you could save as much as £45 – enough for a meal out on holiday.Compare cheap flight prices and plan your next trip5. Flying directChanging planes mid-journey might seem like a hassle, but a pitstop en route can land you big savings. To see how much, deselect the ‘direct flights only’ option on Skyscanner’s flight search tool, which will reveal the cheapest routes and carriers. Don’t fancy hanging around in the airport? Many airlines – especially Middle East and Asian carriers – offer free stopovers of a night or more in their hub airports, giving you the chance to see two destinations for the price of one, or even less. At the time of writing, we searched on Skyscanner for the cheapest direct route from Heathrow to Bangkok and found return flights with Thai Airways from £1,198. But if you flew on the same dates with Emirates, you could bag a fare of just £717 return, including a two-night stopover in the airline’s hub city, Dubai. That’s a saving of £481 – more than enough for a hotel stay. So you could add a destination to your holiday and still save money. 6. Using your everyday plastic abroadcenter_img 1. Booking too late or too early ReturnOne wayMulti-cityFromAdd nearby airports ToAdd nearby airportsDepart14/08/2019Return21/08/2019Cabin Class & Travellers1 adult, EconomyDirect flights onlySearch flights Map Your flexible friend could be costing you a packet overseas. Most standard credit and debit cards charge a non-sterling transaction fee of 2.5%-5% on foreign transactions, so spending £100 could cost £105. Then there’s the typical £1.50-£3 fee for cash withdrawals abroad and, in some cases, a charge every time you spend.But there are specialist overseas credit cards that don’t carry these fees, making them ideal for using on holiday (though be sure to pay off the balance in full every month). The Halifax Clarity Mastercard, for example, has no charges on worldwide spending or cash withdrawals. Or consider a travel-friendly debit card: app-only bank Starling won’t sting you with any fees when you use its card abroad and doesn’t add interest (unlike credit cards). Another option – and a useful budgeting tool – is a pre-paid travel card. You load it with cash and use it to buy things or withdraw money from ATMs abroad. But check the terms: some contain sneaky fees (a charge for cash withdrawals or card delivery, for example).Bonus tip: If a retailer overseas offers to let you pay in pounds, politely refuse. The shop will be doing the currency conversion, and it’ll usually be worse than your card. Pay in the local currency instead.7. Buying guidebooks and mapslast_img read more

Designed by Consuelo Castiglioni for her label Mar

first_imgDesigned by Consuelo Castiglioni for her label Marni, this luxe new limited-edition box from Ladurée brings new meaning to the notion of “good taste.”Crafted in shimmering gold paper, and featuring a floral decal with a smattering of chocolate-brown polka dots, the chic box design is signature Marni. And when filled with Ladurée’s mouthwatering confections, it makes for a delightfully decadent hostess or housewarming gift. Available in two sizes, the series will contain either eight or 18 pieces each of sumptuous chocolate-filled macaroons adorned with gold sheets. A customizable version, for those with a serious sweet tooth, allows buyers to select their favorite flavors.Just in time for the holiday season, the limited edition boxes will be available starting December 1st at Ladurée shops, including those in Paris, London, Dublin and Tokyo. There’s no sweeter—or more stylish—way to show someone you care.Visit and www.laduree.frlast_img read more