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World’s largest hotel groups all confirm recovery in Q3 2020

Hilton, Marriott, Accor, IHG and Wyndham have released their financial results

Major hotel groups from across the globe have released their Q3 2020 results, shining a light on the first signs of recovery seen all year.

Though figures are still poor compared to 2019 results, they’re significantly improved in relation to Q2 2020, and show the resilience of the industry’s largest players.

Wyndham Hotels & Resorts, Marriott International, Hilton, Accor and InterContinental Hotels Group (IHG) have all shown signs of optimism.

Wyndham – Strong quarter for conversion signings

Delivering the Q3 2020 results, president and CEO Geoffrey A. Ballotti remained hopeful for the future. He said, “Importantly, we executed 152 hotel agreements, including 23 percent more domestic conversion signings than the third quarter of 2019. As always, we remain dedicated to supporting our owners around the world during these very challenging times.”

Hotel conversions have grown in popularity this year, largely due to the fact global operators have been swallowing up smaller, struggling hoteliers. In October this year, Radisson Hotel Group launched its own conversion brand, offering independent hoteliers the chance to run the Radisson flag.

Wyndham added that its focus on the leisure segment of the market, along with economy and midscale, has helped it start to claw back business in the third quarter. Ballotti said, “In the face of continued industry uncertainty, our leisure-oriented, drive-to franchise business model generated $101 million of adjusted EBITDA and $92 million of free cash flow.

“Over 99 percent of our domestic and over 97 percent of our global portfolio are open today. RevPAR improved sequentially across the globe, and in the U.S., our economy and midscale brands continued to gain market share. Third quarter room openings also improved sequentially both in the U.S. and internationally and we grew our pipeline by 3 percent to 185,000 rooms globally.”

Revenues declined from $560 million in the third quarter of 2019 to $337 million in the third quarter of 2020.

In Q3 2020, Wyndham still managed to open 76 hotels and 9,600 keys, with another 1,400 hotels and 185,000 keys in the pipeline.

Marriott – Continued recovery

Arne M. Sorenson, president and chief executive officer of Marriott International, said, “While COVID‐19 is still significantly impacting our business, our results for the third quarter showed continued improvement in demand trends around the world.”

Third quarter reported net income totalled US$100 million, compared to reported net income of $387 million in the Q3 2019. Third quarter adjusted net income totalled $20 million, compared to third quarter 2019 adjusted net income of $488 million. And, third quarter 2020 impairment charges related to COVID‐19 impacted reported and adjusted net income by $24 million after‐tax.

Marriott’s reported operating income totalled $252 million in the 2020 third quarter, compared to 2019 third quarter reported operating income of $607 million.

Additionally, adjusted EBITDA totalled $327 million in the 2020 third quarter, compared to third quarter 2019 adjusted EBITDA of $901 million.

The company added 127 properties to the portfolio, equal to 19,064 rooms, including 1,400 rooms reflagged from competitor brands. This represents a net room growth of 3.8 percent, said Marriott.

The global development pipeline remains strong, with 2,899 properties and 496,000 rooms in the works, including 1,201 properties with approximately 228,000 rooms under construction and 160 properties with roughly 25,000 rooms approved for development.

Worldwide RevPAR declined 65.9 percent (a 65.9 percent decline using actual dollars).  North American RevPAR declined 65.4 percent (a 65.4 percent decline using actual dollars), and international RevPAR declined 67.4 percent (a 67.3 percent decline using actual dollars).

Hilton – Opening plans remain on track

In the third quarter of 2020, Hilton opened 133 new hotels totalling 17,100 rooms, and achieved net unit growth of more than 14,800 rooms.

Christopher J. Nassetta, president & chief executive officer of Hilton, said, “Our third quarter results show meaningful improvement over the second quarter. The vast majority of our properties around the world are now open and have gradually begun to recover from the limitations that the COVID-19 pandemic has imposed on the travel industry, with occupancy increasing more than 20 percentage points from the second quarter.

While a full recovery will take time, we are well positioned to capture rising demand and execute on growth opportunities.”

Since April, system-wide occupancy has increased month over month for Hilton, with the most notable recoveries in Asia Pacific, the U.S. and Europe, with comparable hotel occupancy levels up approximately 32 percentage points, 32 percentage points and 31 percentage points, respectively, from April to September.

For the three and nine months ended September 30, 2020, system-wide comparable RevPAR decreased 59.9 percent and 55.9 percent, respectively, compared to the prior year periods, due to both occupancy and ADR decreases.

Net income (loss) and adjusted EBITDA were US$81 million and $224 million, respectively, for the three months ended September 30, 2020, compared to $290 million and $605 million, respectively, for the three months ended September 30, 2019.

Hilton’s development pipeline boasts 2,640 hotels consisting of more than 408,000 rooms throughout 120 countries and territories, including 33 countries and territories where Hilton does not currently have any open hotels.

Accor – Significant improvements

Revenue in the third quarter of 2020 came in at €329 million, down by 68.7 percent as reported and by 63.7 percent like-for-like. RevPAR also saw sizable drops, falling by 62.8 percent in Q3 2020.

Accor delivered these results confidently, painting Q3 2020 as a quarter of ‘significant sequential improvement’ compared to Q2 2020. RevPAR in Q2 2020 was down by a substantial 88.2 percent for example.

The group opened 57 hotels during the third quarter of the year, equalling 7,800 rooms. By the end of September 2020, Accor was operating 750,135 rooms (5,121 hotels), with a pipeline of 208,000 rooms (1,192 hotels). By the end of September 2020, 90 percent of hotels were open for business, just over 4,600 units.

Accor chairman and CEO Sébastien Bazin said, “Our performances during the third quarter point to a marked recovery of business during the summer season. The worst of the crisis is now behind us, but our main markets are still substantially affected by the measures rolled out to combat the health crisis. Only China reports solid performances and should swiftly recover its activity level pre-crisis.”

“Against this still uncertain context, discipline, adaptability and cost control are critical. We keep transforming our organisations to make the group even more efficient, more agile, and focused on the most profitable and promising markets and segments. We are also deploying additional sources of revenue, in our hotels and in our loyalty programme.”

IHG – Looking ahead

“Trading improved in the third quarter, although progress continues to vary by region. RevPAR declined 53 percent, compared to a 75 percent decline in the prior quarter, while occupancy was 44 percent, up from 25 percent in Q2,” explained IHG CEO Keith Barr.

Europe, Middle East, Asia & Africa (EMEAA) was one of the hardest-hit regions for the group last quarter. However, the Middle East outperformed both Europe and Australia in terms of RevPAR. Q3 RevPAR declined 70.4 percent overall, with Europe down 72 percent, Australia 66 percent and the Middle East 65 percent.

EMEAA occupancy was 31 percent for the quarter overall.

“Domestic mainstream travel remains the most resilient, and our industry-leading Holiday Inn Brand family positions us well to meet that demand as it slowly returns,” added Barr.

“Despite the challenges we’ve faced, we have continued to open new hotels and sign more into our pipeline. This is recognition of consumer preference for our brands and strong owner relationships, and also the long-term attractiveness of the markets we operate in and the relative resilience of our business model. We signed 82 hotels in the quarter, taking us to 263 year-to-date, more than a quarter of which are conversions. As we continue to invest in growth initiatives, we do so with a strict focus on cost reduction and an unwavering commitment to act responsibly for our people, guests, owners and local communities.”

“A full industry recovery will take time and uncertainty remains regarding the potential for further improvement in the short term, but we take confidence from the steps taken to protect and support our owners and drive demand back to our hotels as guests feel safe to travel. Our actions have resulted in ongoing industry outperformance in our key markets, and we remain focused on leveraging the strength of our brands, scale and market positioning to recover strongly and drive future growth.”

“I want to thank all our incredible colleagues and hotel owners for their dedication to creating a clean, safe stay experience that every one of our guests can count on in these uncertain times.”

IHG outperformed competing group Accor by a hair last quarter. RevPAR in Q3 2020 fell by 62.8 percent for Accor compared to IHG’s 53 percent.

One of the world’s largest hospitality groups, IHG has 883,000 keys spread across 5,900 hotels, along with further 288,000 keys and 1,932 rooms in the pipeline.

Source Hotelier Middle East

Report: Every country in the world now has travel restrictions The latest research from UNWTO said that no country has yet lifted restrictions

Oman was one of the Middle East’s first countries to enact COVID-19-related restrictions

According to the latest research from the World Tourism Organisation (UNTWO), there is no longer a single destination in the world that is without travel restrictions. Moreover, at the time of the report, no destination has lifted restrictions.

UNWTO’s research added 83% of destinations have had COVID-19related restrictions in place for four weeks or more as of April 20.

Secretary-general Zurab Pololikashvili said: “Tourism has shown its commitment to putting people first. Our sector can also lead the way in driving recovery. This research on global travel restrictions will help support the timely and responsible implementation of exit strategies, allowing destinations to ease or lift travel restrictions when it is safe to do so. This way, the social and economic benefits that tourism offers can return, providing a path to sustainable recovery for both individuals and whole countries.”

Though every country has imposed restrictions, stipulations vary between nations. 45% of countries for example have totally or partially closed their borders to tourists, while 30% have suspended international flights to and from the country and 18% have barred tourists from specific destinations. A small proportion of countries (7%) have only imposed measures such as self-isolation for its people.

Against this backdrop, UNWTO has called on governments worldwide to support the global tourism industry. Echoing warnings from the World Travel & Tourism Council, Pololikashvili said millions of jobs in the sector have been put at risk.

7 reasons why drinking champagne is scientifically good for you

You needn’t feel guilty next time you pop the champagne cork at a wedding, christening or perhaps just a particularly indulgent breakfast. 

The fizzy stuff is actually good for you. So next time you raise a glass, remember the below health benefits of drinking bubbles – in moderation, of course.

As Winston Churchill warned: “a single glass of champagne imparts a feeling of exhilaration…. A bottle produces the opposite”.

1. Ian increase your sex drive

Its well known that alcohol makes people lose their inhibitions. Most alcoholic drinks will give you a momentary buzz but then leave you with little energy and the lack of blood flow you need for arousal. Champagne, on the other hand, allows you to feel its effects much quicker without sapping your energy.

2. It may improve your heart health

Like red and white wine, champagne can be good for your heart. Made from both red and white grapes, it contains the same antioxidants which prevent damage to your blood vessels, reduce bad cholesterol and prevent blood clots. In turn, this lowers the risk of heart illnesses and strokes. But the key word here, as with any alcoholic drink, is moderation.

3. It will keep you sharp

Research from the University of Columbia has shown that champagne contains proteins that are beneficial for your short term memory. A study be Reading University in 2013 said that three glasses of bubbles per week can help improve it.

4. It boosts your mood

We all know the buoyant feeling that you get from a sip of champagne – this is due to the magnesium, potassium and zinc it contains.

5. It has little calories

Champagne contains fewer calories (80) than both red and white wine (120). The servings are generally smaller too, so it’s the healthier choice all round – as long as you don’t drink the whole bottle.

6. It can lower your risk of diabetes

A 2009 study in Canada showed that all wines, including sparklers like champagne, can lower your risk of contracting diabetes by 13 per cent.

7. It can prevent dementia

A glass or two of champagne has been known to prevent the onset of dementia. Research in Pittsburgh found that the risk was almost halved for those who drank ‘moderate’ quantities. The over 40s should heed this advice, as this is when the gradual decline is thought to happen.

Now where’s that app that delivers champagne in under ten minutes

Source: The Evening Standard

How Countries Around the World Take Their Coffee

Coffee is a beverage that’s universally beloved (and obsessed over) by people of all nations.

You don’t need to speak the same language to appreciate the comfort of a steamy cup of Joe on a bitterly cold winter morning. Worshipping the same God isn’t a prerequisite for experiencing the always faithful boost of energy an espresso can provide at any hour, day or night.

For centuries, coffee has been a come-as-you-are kind of beverage, a conduit for communication and connection whether the person sitting across from you is considered a friend, family member, stranger or foe.

No matter where you roam in the world, coffee is most likely a given — which is why it’s essential, especially for caffeine diehards, to understand the customs and rules that govern a peoples’ coffee culture.

Here’s how countries around the world get their caffeine fix.

Café de Olla – Mexico

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According to legend, café de olla was born during the Mexican revolution of 1910. Cinnamon and piloncillo (unrefined sugar) were mixed with coffee, which was then steeped in clay pots over an open fire and served to soldiers in need of an energizing caffeine boost.

Since then, café de olla has retired from the battlefield and become an honored tradition in Mexican culture. Today, in addition to cinnamon, café de olla is often prepared with orange peel, star anise and clove, making for a truly intoxicating blend.

Café de olla traditionalists still insist on brewing the coffee in earthen clay, but in modern times a metal pot with a sturdy handle will suffice.

Filtered Coffee – Southern India

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India’s coffee fate was sealed in the 17th century when Sufi saint Baba Budan, while on a pilgrimage to Mecca, smuggled a handful of coffee beans from Yemen’s port city of Mocha back to Karnataka, India. Upon his return, Budan planted the beans;  as the story goes, he had exactly seven, which was all it took for coffee plants to sprout up all over a mountain range, making coffee plentiful in Southern India.

For an authentic cup, boiled water is poured over coffee grounds packed into a filter. This process creates a decoction, a concentrated mix of coffee that drips through the filter and into a cup. Once the coffee becomes thick, boiled whole milk and sugar are added to create the robust brew that Southern India has come to know and love.

Caffè Normale – Italy

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From Milan to Naples, caffè in Italy is hailed as both an institution and an art form. But to enjoy it properly and avoid getting the stink eye from your barista, a few rules and standards must be obliged.

For starters, all coffee in Italy begins and ends with espresso. A standard caffè normale or caffè is served black as a single shot meant to be consumed in one quick gulp while standing. Unlike in the U.S., to-go coffee is not common here, and attempting to order it this way will most likely result in a few discreet eye rolls from nearby locals.

Also contrary to coffee culture in The States, the cappuccino — a quintessential Italian drink made of equal parts espresso, milk and foam — should only be enjoyed with breakfast and never after 11 a.m. However, if you’re jonesing for an espresso with a touch of milk, the macchiato is a safe choice, and like espresso, it’s generally considered acceptable to order throughout the day.

Café au Lait – France

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Wake up in France, and you’ll most likely start your day with a tartine, a toasted baguette served with butter and jam. And you’ll probably wash it down with a creamy French favorite: the café au lait.

A simple combination of coffee and hot milk, the café au lait is traditionally served in a generously sized bowl. As in Italy, it’s considered inappropriate to consume after 10 a.m.

While France often receives bad marks for its coffee, there’s something undeniably Parisian about sitting solo at a bistro table with a café au lait and losing track of the time while watching the city and its people pass you by.

Turkish Coffee – Turkey

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Contrary to popular belief, Turkish coffee isn’t precisely Turkish. Rather, it’s an interpretation of coffee preparation that is common in the Arab world.

Regardless, Turkish coffee remains an indispensable part of Turkish heritage and culture. No social gathering or special occasion would be complete without a meticulously crafted pot.

The brewing process starts with finely ground roasted coffee beans. The beans, along with cold water and sugar, are added to an ibrik, a wide bottomed, long-handled copper coffee pot. This mixture is brought to a boil and then removed from the heat before it’s placed back on the stovetop for a second boil.

During this double-boiling process, a caramel colored foam builds on the surface of the coffee, which can be scooped off the top if desired. After cooking, the coffee sits for a few minutes to allow the grounds to settle. At this point, spices such as cardamom or cinnamon can be added for a kick of flavor.

Importantly, the coffee grounds remain at the bottom of the cup, and are not meant to be consumed. Instead, the remaining streaks of black sludge can either be tossed or used for fortune telling.

Kouhii – Japan

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Since the 1600s, Japan has slowly been cultivating its passion for coffee.

The love affair began during Japan’s self-imposed isolation period, when Dutch traders brought coffee (aka koffie) through Nagasaki. At first, the Japanese disliked the drink, but once the isolation period ended and coffee flooded the island, reaching a wider range of taste buds, coffee experienced a surge in popularity.  

In the early 1900s, the first kissaten cafes began popping up in Japan, attracting writers and artists looking for a comfortable spot to enjoy a fresh cup. In the 1980s, when Japan experienced unparalleled prosperity, coffee shops began to take over the country, ushering in the coffee culture that prospers in Japan today. (In the country, coffee is called kouhii.)

In recent years, specialty coffee shops in Japan have turned coffee into a distinct art form, cleverly using milk foam to sculpt anime characters, rabbits, kittens and puppies.

Ethiopian Coffee Ceremony – Ethiopia

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Both a spiritual practice and a social activity, Ethiopia’s elaborate coffee ceremony dates back centuries and remains an integral part of daily life.  

Traditionally, each ceremony lasts up to three hours and is performed three times a day. To begin, the woman of the house prepares the ceremonial room by burning incense to ward off evil spirits. Next, a jebena, a clay coffee pot, is filled with water and set on a pile of hot coals. The hostess then takes a handful of raw coffee beans, adds them to a large pan and shakes them over an open fire to remove the husks.

Once clean, the beans are roasted and crushed by hand with a mukechawooden bowl, similar to a mortar, and a zenezena blunt-end cylinder identical to a pestle. The grounds are placed in the jebena, now filled with boiling water, and once ready the coffee is served to the guests of the ceremony. The ritual is then repeated two more times.

Kahvi – Finland

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Imagine a world where workplace coffee breaks are mandatory. Where every piping hot cup of java is served alongside a flaky cinnamon roll, and where drinking 10-plus cups of coffee a day is considered normal.

For coffee aficionados, there is such a place, and it’s called Finland.

Recognized as the world’s top coffee consumer Finland is a place where locals refuse to live without their kahvi, even during times of war. According to one source, during World War II, when coffee disappeared, desperate yet resourceful Finns boiled pine bark, potato peels and anything else they could find to approximate a close-enough-to-coffee substitute.

Luckily, Finland’s coffee coffers are beyond replenished now, and finding the stuff, even in the most remote corners of the country, is never an issue. And if you’re fortunate enough to be invited into someone’s home for coffee, it’s considered rude to refuse the offering.

No matter how many cups you’ve already had.

Viennese Coffee House – Austria

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The heart of Austria’s coffee culture has been beating for over 300 years inside Vienna’s elegant, chandelier-lit coffee houses.

It all started in September 1683 during the Siege of Vienna, when defenders of the city crushed the invading Turks of the Ottoman Empire. As the Turkish troops retreated, the Austrian forces swooped in and collected their abandoned coffee beans, along with other treasures. On that victorious day, Vienna’s love affair with coffee began, and coffee houses started popping up across the city.

While most of the original cafes in Vienna have been renovated, many of the customs that inspired UNESCO to add the Viennese coffee house to the 2011 intangible cultural heritage list remain untouched. Locals still refer to the establishments as extended living rooms, where it’s okay to spend your entire day sitting, reading, nibbling on strudel or discussing the day’s news.

The coffee itself, after 300 years, is still served on a small silver platter, with a polished silver spoon, a few cubes of sugar and a glass of water.

Café Touba – Senegal

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Sheikh Ahmadou Bamba, creator of the Mouride Brotherhood and founder of the city of Touba, first introduced café Touba to the country of Senegal in the late 1800s. Initially, Bamba exclusively shared this coffee — which is boiled with Selim pepper, a warming spice — with his followers, who needed the extra energy to remain awake during long chanting sessions.

Over time, the drink spread across Senegal, and today the people of this West African country not only enjoy it, but consider it a symbol of their identity and a staple of their culture.

Much like Turkish coffee, Touba is boiled with cloves, sugar and Selim pepper. However, unlike with the Turkish style, the resulting brew is aerated by rhythmically pouring the coffee back and forth between two cups before serving.

Cà Phê Trúng – Vietnam

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In 1946, in response to milk shortages triggered by the First Indochina War, Nguyen Van Giang, a bartender at Hanoi’s Sofitel Legend Metropole Hotel, began adding whisked egg yolks to coffee as a substitute for milk. Patrons of the hotel immediately embraced his creamy, caffeinated invention, and soon Giang opened Café Giang, where his infamous egg coffee, or cà phê trúng, became fixed in Vietnam’s coffee culture.

In addition to whisked egg yolks, the modern version of cà phê trúng includes sugar, condensed milk, cheese and even butter. The result is a decadent coffee that has often been compared to tiramisu or a creamy Cadbury egg.

Source: www.farandwide.com

What happens to you when you have a heart attack?

A heart assault (otherwise called a myocardial localized necrosis) is caused by blocked bloodstream to the heart, bringing about harm to the heart muscle. Heart assault signs and indications can shift extraordinarily, now and then with quick and exceptional trunk torment, however, Health guides more regularly beginning gradually with trunk snugness and torment that may continue for a considerable length of time or days.

A heart assault is a genuine restorative condition that requires crisis treatment to limit harm to the heart and decreases the danger of sudden heart failure. It is vital to perceive the side effects of heart assault and call 111 quickly on the off chance that you feel that you may be showing at least a bit of kindness assault.

Heart attack – signs, symptoms, causes, treatment:

A heart assault is frequently mistaken for sudden heart failure. Heart assault is the disturbance of bloodstream to the heart and is not typically deadly. Heart assault does, notwithstanding, increment the danger of sudden heart failure which is the disturbance of the heart’s pumping activity which stops blood stream to whatever remains of the body and causes loss of cognizance, nonappearance of a heartbeat, and (if the heart can’t be re-begun) passing.

Causes

A heart assault happens when a narrowing or blockage of a coronary corridor avoids supply of blood and oxygen to a segment of the heart. This is most generally the consequence of a condition known as coronary illness, where cholesterol and different substances (known as plaque) steadily develop within coronary supply routes. Amid a heart assault, a plaque develops in the coronary conduit bursts, causing a blood coagulation to frame. The coagulation confines blood course through the coronary corridor. On the off chance that sufficiently vast, the coagulation can totally hinder the stream of blood to the heart.

The absence of coronary course blood stream can bring about harm to, or passing off, a portion of the heart muscle. Different reasons for a heart assault are a fit (constriction) in a coronary supply route that pieces blood stream to some portion of the heart muscle, a tear in the coronary conduit, and little blood clusters or fat particles that go from different parts of the body (coronary embolism). A heart assault can likewise happen if general blood stream to the heart is seriously diminished, for example, when a man’s body goes into stun accordingly of injury, heat stroke or blood misfortune.

Signs and side effects

The signs and side effects of a heart assault can shift extraordinarily, as can their seriousness. Some heart assaults happen all of a sudden and are serious, however, most begin gradually with just mellow tormentor inconvenience. Accordingly, many individuals hold up to some time before looking for medicinal consideration.

Normal signs and manifestations of a heart assault include:

torment, which may feel like the weight, snugness, or a throbbing or consuming sensation, over the front of the trunk that may spread to the one or both arms (all the more usually the left arm), neck, back, jaw, stomach, and midriff

  • a sentiment totality, acid reflux, indigestion like agony or stomach torment might be experienced
  • sickness as well as reaching
  • shortness of breath
  • sweating or a cool sweat
  • feeling weak or lightheaded
  • a sentiment nervousness or looming fate
  • shortcoming and tiredness.

The main cautioning of heart assault might be intermittent trunk torment, known as angina, which is activated by physical effort and alleviated by rest. Angina varies from a heart assault; it is caused by a transitory diminishing in the blood stream to the heart that does not bring about harm to the heart muscle.

McDonald’s gives up control of Chinese business in £1.7bn deal

McDonald’s is giving up the controlling stake in its Chinese business to a state-owned conglomerate as part of a global strategy to sell off more of its restaurants.
Beijing-backed Citic and Citic Capital Holdings will take a 52pc stake in McDonald’s restaurants in China and Hong Kong, while US-based Carlyle Group will control another 28pc.
The US fast food giant will retain the final 20pc as part of the deal, which it said was worth $2.08bn (£1.7bn).

Sales in China were hit last year as protests were staged against US companies amid a diplomatic spat between Beijing and Washington over the South China Sea.
McDonald’s has grown rapidly in China since it opened its first store in 1990, but is facing stiff competition from Asian brands such as Dicos and Real Kung Fu, which also offers noodles and rice dishes.
The new Chinese investor group plans to open a further 1,500 restaurants in the country’s second- and third-tier cities.
Experts claim a shifting diet towards burgers and pizzas has created an obesity explosion in China, particularly in less affluent inland areas.
But the new consortium will aim to capitalise on growing demand among the middle classes for healthier fast food options.
McDonald’s had previously announced plans for 4,000 of its global restaurants to be converted into franchises by the end of 2018.
Ninety-five percent of its restaurants will be converted in the longer term, it said.
This strategy enables McDonald’s to continue to take a slice of profits but cut down on operating costs.
The company is also facing tough competition in China from Yum Brands, which owns KFC and Pizza Hut.
Last year Yum created a new domestic business, Yum China, which plans to add 600 restaurants a year in China in the next five years.
McDonald’s has more than 2,400 restaurants in mainland China and 240 in Hong Kong. The deal will see 1,750 being converted into franchises.
Zhang Yichen, chairman and chief executive of CITIC Capital, will serve as chairman of the new venture.
“McDonald’s has strong growth potential in the Chinese market,” he said.
The deal will need to be approved by regulators in China but is expected to be completed this summer.

Source: http://www.telegraph.co.uk/business/2017/01/09/mcdonalds-gives-control-chinese-business-17bn-deal/

Luke Mangan to launch burger concept

Luke Mangan is the latest chef to enter the competitive burger sector, with the Chicken Confidential brand expected to launch in January 2017.

The first location is slated for Sydney, however five outlets are expected to open across Australia, as well as further expansion plans across Asia in the next 18 months.

From 7 to 22 December, Mangan – who also operates Hilton’s glass Brasserie – will give the restaurant’s lunch time bar guests the opportunity to taste Chicken Confidential’s chicken burger.

Mangan operates 19 different restaurants across five countries as well as the food offering for Virgin Australia’s Business Class, on P&O cruise ships and on-board Eastern & Oriental Express.

Chicken Confidential’s menu will offer fried chicken in a range of wraps, burgers and salads with the chicken supplied by Inglewood Fresh Organic Free Range Chicken.

Mangan is joined by other leading Australian chefs also operating in the burger sector: Warren Turnbull (Chur Burger), Neil Perry (Burger Project), Shannon Bennett (Benny Burger) and Daniel Wilson (Huxtaburger).

Source: http://www.hospitalitymagazine.com.au/food/news/luke-mangan-to-launch-burger-concept

Brexit impact yet to hinder Europe’s growing business travel market

The Eurozone’s population and institutions may have been surprised by the outcome of the June Brexit referendum, but the economy has barely missed a beat as markets have snapped back after an initial slide, with Germany continues to lead the charge amongst major business travel markets in Europe.

Consumers are consuming and businesses are hiring, investing and traveling for now. While spending has been somewhat resilient, measures of near-term investment intensions plunged in the third quarter of this year, suggesting coming weakness.

Brexit’s potential for delaying short-term economic decisions and its long term impact on trade, jobs, immigration and investment will create challenges for business travel across Europe in the years to come. The specific effects on business travel that GBTA foresees include:

Uncertainty: New waves of uncertainty may develop following the actual delivery of Article 50 as trade and immigration negotiations begin in earnest.
Travel Pricing: The end of open skies for European air carriers may result in fewer flights and higher fares and reinstituting mobile roaming charges could expose road warriors to rising voice and data communication costs.
Travel Friction: The debate over immigration could lead to extreme new UK visa requirements, which would likely be reciprocated across the EU. Coupled with rising security concerns in a new separated world, business travelers may face more difficulty and scrutiny moving throughout the EU.
Access: The free movement of people and money throughout the EU brought many advantages for business travel. Going forward airlines may have to renegotiate routes and gates with both the UK and the EU potentially resulting in fewer flights and higher fares, processing and acceptance of credit cards becomes more complicated and the end of the European Health Insurance Card for UK business travelers could muddle health coverage during trips.
Location Decisions: Establishing restrictions on the right for EU citizens to work in any member state will have profound longer-term impacts on business travel levels and patterns.
The GBTA BTI™ Outlook – Western Europe report looks at the five largest business travel markets in Europe: Germany, the United Kingdom, France, Italy and Spain that together make up 70 percent of Western Europe’s business travel market, and serve as a strong indicator for the European business travel market more broadly. Western Europe’s business travel spending is projected to increase to $210.7 billion USD in 2016 and top out at $220.6 billion USD in 2017, 6.0% and 4.7% growth respectively – very positive numbers, but slightly lower than predictions in GBTA’s previous forecast.

“While trips and spending have been bounded by slower European and global economic growth, Brexit’s influence has been negligible thus far,” said Catherine McGavock, GBTA’s Regional Vice President – EMEA. “Businesses and business travelers continue to show their resilience and ability to adapt as Europe has faced an array of challenges recently, but business travel remains strong.”

Germany’s economy remains one of the strongest in all of Western Europe fueled by a robust labor market, low interest rates, rock-bottom energy prices and strong demand for exports. GBTA projects Germany to continue to lead the growth in business travel spending from 2015-2017, with a 7.5 percent compound annual growth rate increase, followed by Spain (6.5 percent), the United Kingdom (4.7 percent), France (4.2 percent) and Italy (2.6 percent).

Country-Level Business Travel Outlooks

Germany – German organizations continue to send more business travelers on the road as itcontinues to be the strongest business travel market in the region.

Total business travel spending will increase 7.4 percent in 2016 and another 7.6 percent in 2017 reaching $73.4 billion USD.
Domestic business travel will advance 7.4 percent this year followed by 7.8 percent in 2017 reaching $59.7 billion USD.
International business travel will grow 7.3 percent this year and 6.8 percent next year hitting $13.8 billion USD.
The United Kingdom – Despite the uncertainties surrounding Brexit, the UK’s economy and business travel market have not imploded as many critics feared. Next year will present more of a challenge from the UK’s business travel market though as the downside risk becomes more palpable with many firms likely to postpone or reduce investment, which could lead to a slowing economy.

Total business travel spending will increase 6.9 percent in 2016 and another 2.4 percent in 2017 reaching $51.6 billion USD.
Domestic business travel will advance 5.9 percent this year followed by 2.5 percent in 2017 reaching $33.5 billion USD.
International business travel will grow 8.9 percent this year and 2.3 percent next year hitting $18.2 billion USD.
France – While French business travel has not been quite as challenged as travel in its Southern Tier neighbors over the past few years, growth has been much less robust than healthier European markets.

Total business travel spending will increase 4.1 percent in 2016 and another 4.2 percent in 2017 reaching $40.2 billion USD.
Domestic business travel will advance 3.3 percent this year followed by 4.8 percent in 2017 reaching $25.9 billion USD.
International business travel will grow 5.4 percent this year and 3.1 percent next year hitting $14.4 billion USD.
Spain – Just a couple years ago, Spain’s business travel market was one of the most troubled markets on the European continent, but is now expected to experience one of the highest growth rates over the forecast period, second only to Germany.

Total business travel spending will increase 7.2 percent in 2016 and another 5.8 percent in 2017 reaching $22.0 billion USD.
Domestic business travel will advance 8.0 percent this year followed by 5.7 percent in 2017 reaching $17.4 billion USD.
International business travel will grow 4.0 percent this year and 6.3 percent next year hitting $4.5 billion USD.
Italy – Ongoing political turmoil, obstinate banking tensions and Italy’s sizeable debt will likely continue to hinder investment prospects and create a ceiling for business travel performance.

Total business travel spending will increase 3.4 percent in 2016 and another 1.9 percent in 2017 reaching $33.3 billion USD.
Domestic business travel will advance 3.0 percent this year followed by 1.8 percent in 2017 reaching $29.2 billion USD.
International business travel will grow 6.4 percent this year and 2.7 percent next year hitting $4.1 billion USD.

Source: http://www.4hoteliers.com/news/story/16621

How to apply APPSC Group 1, 2 & 4 Recruitment Notification?

Disconnected Procedure: In this Procedure, the applicants ought to need to fill the application whose arrangement will be given to the hopefuls. Latest Govt Jobs This Application frame ought to be validated with all confirmations and archives before sending to the address given.

Online Procedure: In the online Procedure the hopefuls ought to fill the application shape from the official web page of the Association. The required endorsements and Photos and different records ought to be submitted if required.

How to apply APPSC Group 1, 2 & 4 Recruitment Notification

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APPSC Group IV Exam Syllabus Pattern 2017 (SSC Standard):

General Studies : 150 Marks 150 Marks 150 Minutes

Secretarial Abilites: 150 Marks 150 Marks 150 Minutes

PAPER-I: General Studies.

Syllabus defined by the Board of Secondary School Certificate, A.P., as recommended for tenth Class ever, Geography, Civics, Economics, Physics, Chemistry, Botany, Zoology and Current Affairs.

PAPER-II: – Secretarial Abilities:-

1) Mental Ability (Verbal and non-verbal)

2) Logical Reasoning

3) Comprehension

4) Re-game plan of sentences with a view to enhancing investigation of an entry.

5) Numerical and Arithmetical capacities.

APPSC Group IV Exam Syllabus Pattern 2017 (Intermediate Standard)

General Studies : 150 Marks 150 Marks 150 Minutes

Concerned Subject: 150 Marks 150 Marks 150 Minutes

PAPER-I: General Studies, Mental Ability and Language Ability

(I) Current Affairs of National significance

(II) History and Geography of Andhra Pradesh

(III) Mental Ability

(IV) Language Ability : Intended to test the hopefuls capability in the utilization of dialect capacity for appreciation, rundown, informal use, vocabulary and use identification of slip-ups, absurdities

PAPER-2 (Concerned Subject)

iPhone 8 release date rumours UK | iPhone 8 specs and new features

 The iPhone 8 rumors heating up the news and we all are predicting what is going to be in iPhone 8. Here we are predicting the release date of iPhone 8, price in UK, specifications and most of all new tech features. Actually a popular website from UK has published that Apple iPhone 8 will going to have the OLED display with curved plastic design. iPhone 8 specs Even TOUCH ID instead of home button in this new smart phone. This is going to be the pretty excited news about iPhone 8.

We are waiting for the release of iPhone 8 in UK and we want to see the differences between iPhone7, iPhone 7 plus and iPhone8. Even we heard the news that the new generation smart phones from Apple are going to be iphone 7s and 7s plus. So, this is even pretty excitement. Are they releasing 3 smartphones at a time? So, we need to wait for the release date.

iPhone 8 rumor is pretty popular than the release of iPhone 8:

So, we have to see that iPhone 8 rumor is pretty popular than the release of iPhone 7. Even Apple also revealed that they are releasing updated version of iPhone 7 in next year. So, it will be iphone 7s and 7s plus in the next generation of iPhone 8. So, here we are sharing the rumors of iPhone 8 then there is no need to share the news about iPhone 8. So, you can check the iPhone 8’s release date in this post and even iPhone 8 UK price, iPhone 8 specs and new features. Then here is the complete information about the iPhone8.

So, here are the updated details of iPhone 8. According to plastic screens that iPhone 8 is going to have Touch ID as new specification which is used to control all the function like audio adjustments, brightness and many more with touch pad. You will don’t have any home button in this iPhone8. Apart from that iPhone is going to have the wireless charger which works on Inductive Mat technology. Even it charges with Pegatron and connecting that with Inductive Mat the place the iPhone8 on that to charge. It is the first time Apple product is coming with this technology. Here iPhone is covered from glass case in order to accept the more charge easily in less time. So, it will be feast for iPhone 8 lovers.

iPhone 8 release date rumours UK:

Now there are lots of people predicting the release date of iPhone 8. There are lots of rumors about the release date of iPhone8. According to leaks from Apple iphone 8 will be releasing in September of 2017 but here we share the details of all the iPhone series release date.

  • Sept 2016: iPhone 7 and iPhone 7 Plus
  • Mar 2017: iPhone SE 2
  • Sept 2017: iPhone 7s and iPhone 7s Plus
  • Mar 2018: iPhone SE 3
  • Sept 2018: iPhone 8 and iPhone 8 Plus