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Oman to see 11% job growth from tourism

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(MENAFN - Muscat Daily) Oman's thrust on developing the travel and tourism sector has begun to show positive effects on the economy. The sultanate has shown impressive overall progress according to the World Travel & Tourism Council's (WTTC) 2015 Travel & Tourism Economic Impact Report.

The report puts Oman higher than other GCC countries in most categories and says that the direct contribution from travel and tourism to the sultanate's employment is expected to show a real growth of 11 per cent this year the second highest of the 184 countries covered by WTTC.

The sector's contribution to GDP and in generating jobs

has been significant and forecasts see it only rising. This means that the strategy to use tourism to veer the economy away from oil-dependent revenue is on the right track. Travel and tourism's direct contribution to Oman's GDP in 2014 was RO765.1mn (2.6 per cent of the total GDP).

The report has forecast that this will rise by 5.2 per cent this year and to RO1.453bn (3.3 per cent of total GDP) in 2025.

The sector directly supported 44500 jobs (2.8 per cent of total employment) in 2014. This

includes employment by hotels travel agents airlines and other passenger transportation services (excluding commuter services). It also include the activities of the restaurant and leisure industries directly supported by tourists.

This figure has been forecast to grow by 11 per cent this year to 49500 (2.9 per cent of total employment).

By 2025 the sector will account for 72000 jobs directly an increase of 3.8 per cent annually over the next ten years the report states.

Oman is attracting good investment in the field. The last year saw RO267mn being invested (3.6 per cent of total investment).

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Oman to see 11% job growth from tourism

The world's biggest travel spender

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The idea behind the acquisition strategy is that each deal adds some new capability to Priceline. OpenTable adds restaurants and some technology that may be useful in expanding BookingSuite, while Kayak adds a broader audience, a base in advertising revenue and expertise in metasearch. At the same time, rival Expedia has been making deals to broaden its hold on its core businesstravel-agency services for hotels and airlines, mostly in the U.S.by buying Travelocity ($280 million) and Orbitz ($1.3 billion), as well as acquiring Asia-Pacific online travel company Wotif, for more than $600 million in 2014.

"Acquisitions like that take years to play out," said Mahaney, who rates Priceline "outperform" and predicts its shares will hit $1,450. "They have been very patient in the deals they've done, and they never overpay.''

In the short term, Huston's success or failure won't really be determined by the deals he's made. As usual for Priceline, it will boil down to the company's mastery of details and the macroeconomic path of economies in Asia and especially Europe. Mahaney has even backed off his guess that Priceline might make a new acquisition in the vacation-rental businessspeculation has centered around HomeAway as a counterpoint to sharing-economy leader Airbnb. With Priceline boosting its vacation-rental business organically, Mahaney said Priceline doesn't need a deal.

The more assured path to gains for Priceline is for a recovering European economy to meet up with the company's consistent execution and the winding down of the post-merger reinvestment in Kayak and OpenTable, Mahaney said. Priceline's growth slowed in late 2014 as Europe stumbled, but revenue still rose 19 percent in the fourth quarter and 24 percent for the year. With shares below 21 times this year's consensus profit estimate of $57.32 a share, that gives Priceline room to zoom as both margins and top-line growth re-accelerate, the RBC analyst said. Mahaney said fast growth in the company's Asian business will also boost profits.

"Europeans will give up cars and coffee before their vacations,'' Mahaney said. "We're talking about an acceleration outlook, which usually works well for stocks, especially those like Priceline that began the year with trough multiples.''

Read MoreJack Bogle's success principles to live by

Only over time will it become clear whether Huston's deal-making and re-engineering is taking Priceline to a new place. But Wolf is betting that it will.

"He's like Boyd in keeping his hands off division managers and keeping their organization lean,'' Wolf said. "And he understands that his job is to build new shoes.''

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The world's biggest travel spender

Where the world's biggest travel spender is headed

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The idea behind the acquisition strategy is that each deal adds some new capability to Priceline. OpenTable adds restaurants and some technology that may be useful in expanding BookingSuite, while Kayak adds a broader audience, a base in advertising revenue and expertise in metasearch. At the same time, rival Expedia has been making deals to broaden its hold on its core businesstravel-agency services for hotels and airlines, mostly in the U.S.by buying Travelocity ($280 million) and Orbitz ($1.3 billion), as well as acquiring Asia-Pacific online travel company Wotif, for more than $600 million in 2014.

"Acquisitions like that take years to play out," said Mahaney, who rates Priceline "outperform" and predicts its shares will hit $1,450. "They have been very patient in the deals they've done, and they never overpay.''

In the short term, Huston's success or failure won't really be determined by the deals he's made. As usual for Priceline, it will boil down to the company's mastery of details and the macroeconomic path of economies in Asia and especially Europe. Mahaney has even backed off his guess that Priceline might make a new acquisition in the vacation-rental businessspeculation has centered around HomeAway as a counterpoint to sharing-economy leader Airbnb. With Priceline boosting its vacation-rental business organically, Mahaney said Priceline doesn't need a deal.

The more assured path to gains for Priceline is for a recovering European economy to meet up with the company's consistent execution and the winding down of the post-merger reinvestment in Kayak and OpenTable, Mahaney said. Priceline's growth slowed in late 2014 as Europe stumbled, but revenue still rose 19 percent in the fourth quarter and 24 percent for the year. With shares below 21 times this year's consensus profit estimate of $57.32 a share, that gives Priceline room to zoom as both margins and top-line growth re-accelerate, the RBC analyst said. Mahaney said fast growth in the company's Asian business will also boost profits.

"Europeans will give up cars and coffee before their vacations,'' Mahaney said. "We're talking about an acceleration outlook, which usually works well for stocks, especially those like Priceline that began the year with trough multiples.''

Read MoreJack Bogle's success principles to live by

Only over time will it become clear whether Huston's deal-making and re-engineering is taking Priceline to a new place. But Wolf is betting that it will.

"He's like Boyd in keeping his hands off division managers and keeping their organization lean,'' Wolf said. "And he understands that his job is to build new shoes.''

Continued here:

Where the world's biggest travel spender is headed

Christchurch Outlet Winner at National Travel Awards

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Christchurch Outlet Winner at National Travel Awards By Fleur Revell 01 April 2015

Christchurch travellers continued interest in more ambitious and exotic destinations around the world has seen a local travel agency make a clean sweep of four awards at a national ceremony.

The annual House of Travel Awards, hosted by comedian Jeremy Corbett, were held in Wellington with House of Travel Northlands receiving numerous accolades.

The Northlands outlet picked up the prize of Overall Best Performing House of Travel Outlet, and was also named Top Performing Large-Sized Outlet, Best Performing Outlet for HOT Product Land South Island, and Top House of Travel Air Outlet South Island.

Owner operator Stacey Mullinger says she is thrilled with the four awards won by her team and excited that their ongoing commitment to excellence has been recognised.

We are all so proud to have won these awards, but we want to acknowledge our customers whose repeat business and loyalty has allowed us to achieve this success, she says.

My team and I love what we do and are fortunate to work in an industry where we make our clients dreams become reality.

The strong Kiwi dollar meant that trips to European countries and Australia continued to prove popular, along with more adventurous trips to locations such as India, South America and Alaska, adds Mullinger.

The awards evening also saw House of Travel recognise the sales success of the Orbit Corporate Travel outlets. Orbit Corporate Travel in Wellington was recognised for the second year in a row as the Best Performing Orbit Outlet, as well as taking out the Group of the Year - Large Group and Events award, Orbit Account Manager of the Year (Sarah Hill Bennett), and Orbit Rookie of the Year (Kate Wenden).

Paul Rennie, who owns Orbit Corporate Travel Wellington with his wife Adrienne, says they are proud of their teams achievement and continued success.

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Christchurch Outlet Winner at National Travel Awards

Gullfoss waterfall is HUGE: Golden circle – ICELAND | World Travel Vlog – Video

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Gullfoss waterfall is HUGE: Golden circle - ICELAND | World Travel Vlog
Subscribe to my channel: http://goo.gl/y9hQsB Tine and I continue on our Golden Circle roadtrip, and Gullfoss is our 3rd stop. Gullfoss is Iceland #39;s biggest waterfall and It really took me...

By: OneGirlOneSuitcase

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Gullfoss waterfall is HUGE: Golden circle - ICELAND | World Travel Vlog - Video

IPK’s World Travel Monitor: Forecasting Global And European Tourism – Video

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IPK #39;s World Travel Monitor: Forecasting Global And European Tourism
Based on around 500000 interviews, the World Travel Monitor is considered to be the world #39;s largest travel survey. The convention presents the latest forecast data about global and European...

By: ITBBerlin

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IPK's World Travel Monitor: Forecasting Global And European Tourism - Video

WILDOMAR: Deputies seeking camper who planned to travel world

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WILDOMAR: Deputies seeking camper who planned to travel world

Fifty-year-old Daniel Ferguson set off with camping gear, food, water and a cellphone, telling a friend he was going to travel the world, sheriff's officials say.

But his family said the Wildomar resident only planned to camp in the nearby Ortega Mountains, so they reported him missing March 20.

A ground and air search found no sign of him. Now, deputies are asking for the public's help in finding him.

"A neighbor took Daniel to a location off of the South Main Divide, located off...Ortega Highway," deputies said in a written statement. "Daniel told the friend that he was going to travel the world.

"According to family, Daniel has traveled long distances on foot in the past."

Ferguson was wearing a brown leather jacket and black jeans.

Anyone who may have seen him may call investigators at 951-245-3357.

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WILDOMAR: Deputies seeking camper who planned to travel world

IPK’s World Travel Monitor: Prognose der globalen und europischen Tourismusentwicklung – Video

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IPK #39;s World Travel Monitor: Prognose der globalen und europischen Tourismusentwicklung
Auf Grundlage von rund 500.000 Interviews gilt der World Travel Monitor als die grte Reiseumfrage weltweit. Der Kongress prsentiert die aktuellsten Forecast-Daten zum weltweiten und...

By: ITBBerlin

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IPK's World Travel Monitor: Prognose der globalen und europischen Tourismusentwicklung - Video

Paycation Travel Reviews Call after viewing at 908 222 7317 or email me at thecommission2015 cc@gmai – Video

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Paycation Travel Reviews Call after viewing at 908 222 7317 or email me at thecommission2015 cc@gmai
Get Started today in one of the fastest home based business opportunity in North America, a business where you can earn part-time, full-time or even big-time money in the largest most lucrative...

By: Charles Chambliss

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Paycation Travel Reviews Call after viewing at 908 222 7317 or email me at thecommission2015 cc@gmai - Video


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