March 11, 2014 514 Views Fifth Third United Wholesale Mortgage Wholesale Lending 2014-03-11 Tory Barringer Share In a letter issued to brokers Monday, Fifth Third Mortgage president Bob Lewis revealed the bank is exiting the wholesale business to focus third-party origination on correspondent lending.Effective March 14, Fifth Third is terminating its any Residential Wholesale Loan Broker Agreements. In the meantime, Lewis said the firm is committed to ensuring loans currently in the pipeline are fulfilled and processed. New applications will be accepted until March 31.“While this was an extremely difficult decision to make, we intend to build on our leadership position in the correspondent market and remain committed to purchasing loans from smaller financial institutions and independent mortgage companies,” Lewis said in the letter.With the wholesale environment growing more competitive and regulatory changes shaping business, these kinds of exits make sense for companies that don’t focus specifically on that segment, says Mat Ishbia, president of United Wholesale Mortgage.“Some of these banks that have multiple lines of business, they have to analyze all their businesses all the time. … You figure out what your core business is,” Ishbia said. “It’s really hard to be great at something when it’s a small part of your business.”While he expects to see more lenders drop out of wholesale, Ishbia added that a company exiting here or there shouldn’t create a major impact in the industry, noting that he was more concerned about seeing companies leave that line shortly before January’s regulatory deadlines hit.“There are still 100-plus wholesale lenders. It’s not a substantial amount of business at all. From a brokers’ perspective … there’s no impact,” he said. Fifth Third Exiting Wholesale Space in Daily Dose, Headlines, News, Origination
June 27, 2016 748 Views Mortgage Interest Rates Mortgage Refinances 2016-06-27 Seth Welborn Refis May Drop As Rates Rise Share Mortgage rates are still very low in general. But not all mortgages have those rates in the mid-3s.In fact, according to Molly Boesel, senior economist at CoreLogic, about 38 percent of active loans and 28 percent of unpaid principal balances (UPBs), as of February, carried mortgage interest rates higher than 4.50 percent. This, teamed with the expected rise in rates, has Boesel wondering in the latest CoreLogic MarketPulse report what will happen with refinancing as the year ticks on.“Because a refinance isn’t free, a simple rule of thumb is to add 100 basis points to the current market mortgage rate as the rate at which borrowers would have an incentive to refinance,” she wrote.Following that math, Freddie Mac’s May near-historic low average of 3.57 percent on 30-year mortgages rate means that the typical borrower “would need to hold a mortgage rate of 4.57 percent or higher to make refinancing a money-saving option,” she wrote.Boesel also calculated that if mortgage rates were to increase by 50 basis points this year, those borrowers in the 4.50-and-higher range‒‒about 5.5 million borrowers‒‒would generally find refinancing unappealing.“If mortgage rates rise as predicted, we will certainly see refinancing volumes fall in 2016,” Boesel wrote.On the upside, a drop in refinancing does not automatically mean that borrowers would never take out new loans.“Even though at least 62 percent of borrowers most likely don’t want to refinance out of their low mortgage rates,” Boesel wrote, “they still might want to tap into their equity to pay for remodeling, education expenses, or debt consolidation.”In other words, instead of cashing out to refinance, homeowners turn to more straightforward home equity loans. According to a February 2016 white paper by CoreLogic, in recent years, home equity loans have been making a comeback. in Daily Dose, Headlines, News, Origination
For some time, would-be first-time homebuyers have been stuck in a catch-22—they cannot afford a down payment because they are putting so much money toward rent, while the reason they are putting so much money toward rent is they can’t afford a down payment.A recent survey from Redfin gives a good indicator of which direction those would-be first-time homebuyers are leaning. A poll of 1,887 homeowners in 41 states and Washington, D.C. conducted in August indicated that 45.4 percent of first-time homebuyers were prompted to purchase a home because of the rising cost of rents. A year ago, only 24.7 percent of first-time buyers said that high rents drove them into the housing market.Just how high is the rent? Zillow’s latest Rent Index indicates that rents averaged $1,408 nationwide, an increase of 2.2 percent over-the-year. A recent study from smartasset indicated that rents increased from 2015 to 2016 in 12 of the 15 major cities analyzed—and in the three cities where they declined, the drop was by less than half a percent. The cities with the highest rent appreciation from last year to this year were Seattle, Portland, San Francisco, and Sacramento, according to Zillow.Why are first-time buyers finally taking that step to purchase their first home? High rents are a motivator, but there are other factors as well, according to Alex Starace, Communications Specialist with Redfin.“[M]ortgage rates are still low, rent appears to be increasing and historically there are relatively few first-time homebuyers, so it may just be that more first-time buyers are thinking that now is the time to buy, for those reasons, and high rent is their ultimate motivating factor,” Starace said.High rents were cited by first-time buyers as the top motivating reason to stop renting and by a house; the second most popular motivator was a life event such as the birth of a child or marriage, with 23.4 percent.First-time buyers were not the only ones motivated by high rents to get into the housing market, however. Redfin’s survey found that 22 percent of all buyers polled said that high rents motivated them to buy a home—compared to 12.8 percent from the same survey last August (down slightly from 24.4 percent in May’s survey). Life events were the most popular motivator among all buyers, according to Redfin, with 26.3 percent of all buyers saying they decided to purchase a home because of a life event. in Daily Dose, Featured, News August 25, 2016 590 Views Down Payment First-Time Homebuyers Rent 2016-08-25 Seth Welborn High Rents are Creating First-Time Homebuyers Share
February 27, 2017 549 Views in Headlines, News, Servicing, Technology ACES Risk Management (ARMCO), a provider of web-based audit technology for the mortgage industry, unveiled new capabilities for its ACES Audit Technology.Servicers can now modify and update compliance questionnaires in ACES as rules and processes change.“Now more than ever, servicers face an influx of new compliance rules and regulations from federal, state and GSE requirements that they must adhere to,” said Phil McCall, COO of ARMCO.The questionnaires in the ARMCO Aces Technology platform are completely customizable. As rules change, servicers are able to make their own changes to questionnaires and begin to use them immediately.“Due to an increasing spotlight placed on servicers, we enhanced the ease of configuration and self-sufficient change management capability to our own platform, which now provides servicers with complete control to make changes in real-time to comply with the complexity of new rules,” McCall said.ACES Audit Technology accommodates several mortgage servicing functions, including traditional loan servicing tasks, such as customer correspondence and handling of complaints; specialty servicing tasks, such as adjustable rate mortgages, assumptions, bankruptcy, and specialty HUD projects; and default servicing tasks, such as collections, loss mitigation, and foreclosures.ARMCO also added questions specific to USDA programs into its ACES offering to handle administration of annual escrow fees, construction processing and repair escrows, and default processing. All of these are easily added into existing questionnaires as servicers need. ACES ARMCO mortgage Servicing technology 2017-02-27 Krista Franks Brock Share ARMCO Equips ACES Audit with Updated, Customizable Questionnaires
HOUSING Lending Mike Dubeck mortgage Planet Home Lending Suzy Lindblom 2017-10-30 Rachel Williams Planet Home Lending Appoints COO October 30, 2017 698 Views Planet Home Lending, LLC announced that Suzy Lindblom has joined the company as COO for Fulfillment after more than 29 years of leadership and management experience in the mortgage industry, including expertise in credit risk, underwriting, operations, regulatory compliance, post-closing, policies and procedures, and project management.Most recently, Lindblom was managing director, national fulfillment and operations, at Stearns Lending. Prior to that, she was VP of national operations at MetLife Home Loans. She’s also held executive positions at Bank of America and Countrywide.“We couldn’t be happier to have Suzy join our team as we embark on an aggressive growth strategy,” said Mike Dubeck, President and CEO of Planet Home Lending. “We believe Suzy will help us achieve our goal of increasing originations from $300 million a month to $500 million by the end of the first quarter of 2018.”“This is an exciting opportunity to help grow a company like Planet Home Lending,” said Lindblom. “I’ve built my career of driving operational success by knowing the numbers and respecting the people working with me. I look forward to building the Planet Home Lending brand by bringing the people together and motivating them to succeed in delivering superior customer service with on time closings to our customers and partners.”Founded in 2007, Planet Home Lending is a privately held, national residential mortgage lender with multiple business channels. Planet Home Lending is an approved originator and servicer for FHA, VA, and USDA as well as a Freddie Mac and Fannie Mae Seller/Servicer, and a full Ginnie Mae Issuer and approved sub-servicer. Share in Featured, News, Origination
January 29, 2019 1,025 Views Share According to a new Zillow analysis, homebuyers are beginning to distance themselves from other income groups, highlighting how expensive it is, especially for first-time buyers to break into the housing market. “Home prices have outpaced incomes for nearly a decade, pushing homeownership further and further out of reach for first-time buyers even as homeownership aspirations remain very high,” said Aaron Terrazas, Senior Economist at Zillow.More than a third of homebuyers now make more than $100,000, data revealed. However, on the other hand, about 3.5 million fewer households can afford a typical home compared to 2012. This is as a result of homebuyer incomes having outpaced homeowner incomes and remain more than double that of renters.Home values recorded an increase from 2012 to 2017, rising to 36 percent while the rise in incomes reflects a mere 11 percent. Zillow analysis shows that a typical homebuyer household in 2017 earned more than 62.7 percent of all households, up from 59.8 percent in 2012. At the same time, the share of buyer households making more than $100,000 a year grew eight percentage points to 38 percent, while those making $50,000 or less fell eight percentage points to 28 percent. The share of buyers making $50,000 to $100,000 held steady during that time at 34 percent.New York topped the list of homebuyers making more than $100,000 in 2017 at 59 percent, followed by Los Angeles at 56 percent, and Chicago at 43 percent. The breakdown of median household incomes in the U.S. revealed that home buyers earn $79,900, while homeowner income is at $75,000. Almost half of renters, who moved in the past year (46 percent) considered buying a home during their search but ultimately ended up renting.”In the past, low interest rates, lax lending, and migration from pricier to more affordable communities have helped square that circle – but those palliatives break down sooner or later. If becoming a homeowner trends further toward the exclusive domain of society’s most fortunate, wealth inequality could see an acceleration in the years ahead,” Terrazas said.Homebuyers and homeowners, who historically had similar incomes, are seeing a widening gap as buyers pulled ahead during the recovery from the Great Recession. The analysis pointed out that to a large extent, this is because sales prices outpaced home values in many hot markets, meaning it takes more money to be a home buyer than to be a homeowner. Aaron Terrazas First-Time Homebuyers Home Prices homeowners Zillow 2019-01-29 Donna Joseph The Price of Entry for First-Time Homebuyers in Daily Dose, Featured, Market Studies, News
October 24 , 2018 PRESS RELEASENorfolk, Virgina, USA – Catalytic Generators exhibited at the Produce Marketing Association (PMA) Fresh Summit Convention & Expo for the 37th year in Orlando, Florida October 18-20th. “The PMA gives us a great opportunity to solidify existing relationships and to also communicate the benefits of our ethylene production systems to new ripeners,” said Greg Akins, President & CEO of Catalytic Generators.This year in Orlando Catalytic Generators showcased their flagship ethylene generator, the Easy-Ripe, with a new remote-control feature. The improved Easy-Ripe connects to a ripening room’s control panel system and ethylene sensors allowing ripeners to have complete control over ethylene levels.While the convenient remote-control is the latest feature of the Easy-Ripe, Mr. Akins states, “the most prevalent issue customers are interested in is the ability to have a safe, reliable and easy-to-use ethylene source, one with no possibility of explosion from excess ethylene.” Unlike compressed ethylene cylinders, there is absolutely no chance of ethylene explosion when using the generators as directed.Since first exhibiting in 1980, Catalytic Generators committed to empowering fresh produce companies with the tools properly ripen avocados, bananas, mangoes, pears, tomatoes, and other fruits so that the world can enjoy fresh fruit throughout the year. You might also be interested in
What’s wrong with this picture? A whole lot. A tiny seahorse clings to a Q-Tip (cotton ear bud) in Indonesian waters – and just happened to pass by when a photographer was handy.Sadly, in oceans around the world, including in Australia, marine life just like our seahorse friend is colliding with human detritus in an environment where the two simply shouldn’t co-exist. The effects are catastrophic.Photographically speaking, the composition of the image is amazing – made even more compelling by the stark, and sad, reality of its subjects. Justin Hofman’s comments are apt – and he asks everyone to share this image, so today TM has gladly obliged! marine lifeoceans
RCISoundSeekersoundtrack Royal Caribbean International has designed and built a first-of-its-kind tool that transforms travellers’ most memorable photos into an original, shareable soundtrack with a video to match.More than a year in the making, SoundSeeker is a groundbreaking, patent-pending digital experience powered by artificial intelligence (AI). The tool is specifically designed to use machine learning to seamlessly create original soundtracks based on the content of each photograph.By simply visiting SoundSeeker.com, users can upload three photos of their choice, and the AI analyses them based on colour, landscape, backdrop, emotion, body language and facial expression. SoundSeeker then turns them into a shareable and one-of-a kind soundtrack – virtually DJing life’s most brag-worthy moments. Fans can follow along on Royal Caribbean’s social channels, and by searching #SoundSeeker.“SoundSeeker is the latest proof point of Royal Caribbean innovation and how we focus it on delivering unexpected, memorable experiences; whether that is the SkyPad, which uniquely combines bungee jumping with virtual reality or live streaming your favorite shows from the middle of the ocean using VOOM, the fastest internet at sea,” said Jim Berra, chief marketing officer, Royal Caribbean International. “People of all ages crave new ways to share their best experiences on social media. This unprecedented tool allows you to put a completely unique, multisensory spin on sharing those memories – now friends and followers can see and hear your life’s adventures.”
appointmentschefExecutive Cheffood & wineInterContinental SydneyJeremy ClarkSydney Jeremy Clark has commenced his role as Executive Chef at InterContinental Sydney, heading a kitchen team of 55 and leading the charge in steering the hotel’s new culinary course, with plans already underway to refresh and renew the food offerings in the hotel’s restaurants and events catering.An Executive Chef by the age of 35, he joins the team with a wealth of experience, in a career spanning an impressive three decades, across some of Australia’s most renowned restaurants and hotels, most recently as Executive Chef at the Westin Sydney. At InterContinental Sydney, Jeremy is responsible for overseeing all food and beverage outlets, plus catering and banqueting, menu creation, and inspiring a hard working team to deliver their best every day and continuously thrive in the competitive market.“We are thrilled to welcome Jeremy into the IHG stable and have confidence his expertise and talents will be of immense value to InterContinental Sydney and the future of our culinary offerings. We’re excited to see Jeremy’s plans evolve and watch what he has in store,” said Jennifer Brown, General Manager of InterContinental Sydney.
It’s been no surprise.Ever since the Arizona Cardinals selected rookie quarterback Josh Rosen out of UCLA in the first round of the 2018 NFL Draft, the conversation has been when — not if — Rosen will take over starting signal-caller duties. That, in part, has to do with the injury-riddled career of projected starter Sam Bradford.But that’s not stopping Rosen from taking notice of the man in front of him. Top Stories “I don’t really think people understand how good Sam [Bradford] is,” Rosen told Sirius XM over the weekend. “I’m unbelievably fortunate to watch him and how he plays.“I’m just really lucky to have that frame of reference to start the NFL, because I really believe he’s one of the better quarterbacks in this league.”Bradford has shown he can play with the best of them.Related LinksThe 5: Burning questions as the Arizona Cardinals enter training campBradford’s knee ‘best it’s felt’ since injury as Cardinals ramp up campCards camp notebook: Edmonds getting acclimated, standout wideoutsIn 15th NFL training camp, Larry Fitzgerald may have newness aheadCardinals’ Josh Rosen handling unfamiliarity in first NFL seasonIn 2016, Bradford led the NFL with a 71.6 completion percentage and threw for 3,877 yards and 20 touchdowns. He tossed just five interceptions and finished with a passer rating of 99.3.It looked as though his tear would continue the next season after opening up against the New Orleans Saints. He completed 27 of his 32 passes (84.4 percent) to go along with three touchdowns and a 143.0 QB rating.The biggest issue, however, has been Bradford’s health.After that Monday Night Football performance, Bradford would make just one more game in 2017 before he had to have his left knee scoped due to ACL injuries.Bradford got the start against the Chicago Bears, but was clearly not himself. He threw 11 passes before being replaced by Case Keenum in the second quarter. The 5: Takeaways from the Coyotes’ introduction of Alex Meruelo Derrick Hall satisfied with D-backs’ buying and selling Rosen, who rotated behind Bradford for the majority of the day, had a front row seat of the nine-year pro in action.“To see him practice, he just completes the ball,” Rosen said of the veteran QB. “The ball just doesn’t touch the ground.“I’m very lucky that that’s my intro into the NFL. I’m not exactly modeling my game after him, but more so taking what he does really well and trying to put it into what I do because Sam is really, really good.”But as much as Rosen realizes Bradford’s abilities and understands his spot on the roster, the rookie is going to practice just as hard.“I’m going to push him every single day and I’m going to act as the starter every single time,” Rosen added of his mindset. “I’m in this locker room, but also be aware of the situation.” – / 26 Grace expects Greinke trade to have emotional impact 2 Comments Share Former Cardinals kicker Phil Dawson retires Arizona Cardinals quarterbacks Josh Rosen (3), Sam Bradford (9), Chad Kanoff (6) and Mike Glennon (7) walk on the field during stretching exercises at the NFL football team’s practice Thursday, June 14, 2018, in Tempe, Ariz. (AP Photo/Ross D. Franklin) After signing a one-year deal with the Cardinals in the offseason, Bradford is looking to return to that high level of play.“Sam can throw with the best of them around the league,” wide receiver Larry Fitzgerald told Sirius XM. “Everybody’s seen that, everybody understands that when he’s healthy he’s one of the elite passers in the game.“With the way coach [Mike] McCoy runs his system, getting the ball out of his hands quickly, I think Sam’s going to have a big season for us.”Taking every precaution with Bradford, even having keeping him out of the conditioning test, the Cardinals are ready get him acclimated to the first-team offense.So is Bradford.“It’s definitely the best it’s felt since the injury last year,” Bradford said of his knee on Saturday. “Like I said, we had kind of had a plan in place all spring.“We were really just trying to get back as much strength as possible, at the same time challenge it on the field, you know, moving around the pocket, running, trying to simulate as much football-type movements as possible.”During Day 1 of the Cardinals’ training camp, Bradford missed on his first pass against the defense, but that was about it. He looked sharp and was able to fit numerous balls into tight windows.
Go back to the e-newsletter >Marriott Hotels has expanded its portfolio in China with the opening of the 340-room Shenzhen Marriott Hotel Nanshan in Shenzhen. Under a long-term management agreement with its owner Centralcon, the hotel is situated in the top floors of SCC Building, an iconic landmark that offers 360-degree views of the sea and city landscape.The 340 luxurious guestrooms of the hotel are located in the 45th to 60th floor of the 300m-high SCC Building. Ranging from 40sqm to 70sqm, all guestrooms feature views of Shenzhen Bay and Hong Kong border. Each guestroom is equipped with state-of-the-art facilities and amenities such as high-speed internet access, IPTV, iPod, deck Nespresso coffee machine, comfortable beds with high-quality linen and room control unit.Shenzhen Marriott Hotel Nanshan offers a total of 2000sqm of meeting space, including a 900sqm grand ballroom, 7 function rooms and 3 boardrooms. The grand ballroom can be partitioned into 3 smaller rooms and accommodate functions of different scales. It embraces a huge foyer and a built-in LED display wall.Guests can enjoy a variety of local and international culinary delights at the Shenzhen Marriott Hotel Nanshan. Nanshan Kitchen is the highest all-day dining restaurant in Nanshan featuring sumptuous buffets; Man Ho Chinese restaurant offers authentic Cantonese cuisine, providing guests with a traditional yet sophisticated dining experience; Lobby Lounge is a bar that transitions from a coffee and pastry hub in the day to alcoholic beverages and snacks in the evening; The Café offers freshly brewed coffee, tempting pastries, handcrafted sandwiches and desserts.Go back to the e-newsletter >
Saké Restaurant & Bar is bringing new dishes courtesy of Tokyo-travelled and self-declared Japanophile, Chief Brand and Culinary Officer, Neil Perry.Drawing inspiration from a recent trip to Japan, Perry’s new dishes balance washoku – or traditional Japanese food – with Saké’s contemporary spin. Perry’s devotion to the finest Australian ingredients and sustainable practice shines through the menu, which showcases the work of some of the country’s most admirable producers.“We want our loyal customers to fall in love with Saké all over again,” says Perry. “We’re offering them another reason to keep coming back by taking them on a journey of rediscovery.”Perry’s signature dishes include:Cape Grim short rib bo ssam: a Japanese twist on a traditional Korean dish with the addition of red miso and chilli, and a smack of umami from dashi-simmered confit garlicGlacier 51 Toothfish with miso butter: the ultimate choice in sustainability, Glacier 51 Toothfish is glazed in a classic Japanese miso marinade, wrapped in bamboo leaf, roasted, unfurled in front of the guest and drizzled with miso butterScampi tartare: slithers of exquisite scampi are marinated in soy, dotted with trout roe, sprinkled with togarashi and served on a texturally delicious konbu rice crackerNori crisps tuna & kingfish: jewel-like cubes of Marine Stewardship Certified tuna and kingfish are marinated in white soy and mirin, lifted with a touch of togarashi and served with green onion and a light sesame dressingGinger garlic chicken: crisp-fried free range chicken, chopped Asian style, and sprinkled with charred spring onionsThe dishes are complemented by new cocktails that feature traditional Japanese ingredients.Highlights include:Japanese Shoemaker: matches Amontillado sherry with rich and fruity loganberry jam and yuzu to form a sweet-and-sour style of drink with salty and nutty overtonesSesame Yaki: Red rice sake forms the body of the drink and bitter vermouth, Italian cherry liqueur, vodka and citrus bitters complete the balance. A drop of aromatic dark sesame oil ties it all togetherMaple Leaf: house-made grenadine is spiced with shichimi and shaken with shiso, white rum and egg whites for a silky smooth consistency and a lingering spicy, herbaceous finish.The new signature dishes are available at Saké The Rocks and Double Bay, and will be added to the menus in Melbourne and Brisbane on Thursday 16 March and Friday 17 March respectively.
The doors of five new luxury boutique properties have opened in Regional NSW, upping the ante of accommodation options available across the state.1. Goonoo Goonoo Station, TamworthOn a working cattle station outside Tamworth, an impressive refurbishment of the 19th-century heritage-listed and pastoral village been turned into luxury accommodation. The 7 private cottages have been beautifully restored and capture the history of the station while still providing guests with all the luxuries they need: heated swimming pool, tennis court, guest lounge, luxurious beds and linen, Wi-Fi and even heated floors in the bathroom. Goonoo Goonoo Station also includes a purpose-built restaurant, focused on using local produce, coupled with floor-to-ceiling glass windows offering incredible views over the rolling hills and the distant Liverpool Range.2. Kimo Estate, GundagaiSet on a 2832-hectare working farm, Kimo Estate has built three luxury ‘eco-huts’ that sit proudly on the hills with 36- degree views over the Murrumbidgee River flats. The architecturally designed huts provide a quiet spot to refresh and features solar power, rain water, wood heater and a beautiful bathroom and gourmet breakfast. The property’s two 100-yea- old workers’ cottages have also been lovingly and stylishly refurbished to provide the perfect stay, with sweeping verandahs and luxurious touches. The renovated Shearers Quarters combines original features and modern touches to create a novel experience with a communal mess hall and wash house for an authentic rural feel.3. The Houston, Wagga WaggaA bespoke luxury guesthouse, The Houston offers stylish self-contained accommodation in the heart of Wagga Wagga in the beautifully refurbished historic 1868 Belmore House. Oozing style and history in a neo-gothic building, the 10 designer suites offer an ultra-luxe stay. The Houston is the latest from the team at Fox & Co Hotels, who have renovated and operated six hotels in regional NSW including Perry Street in Mudgee.4. Sierra Escape, MudgeeSierra Escape provides a new luxury glamping experience near Mudgee. A spacious and luxurious canvas safari-style tent, Sierra Escape offers private and magnificent views over rolling farmland and features a king-size bed, a floor-to-ceiling glass wall, free-standing deep bath, rain shower and a fireplace for those cool country nights. The tent is completely off-the-grid, yet still offers all the comforts of a luxury hotel and is within easy driving distance to many award-winning wineries and restaurants.5. Admiralty Apartments, Lord Howe IslandThe newest luxury accommodation on Lord Howe Island, Admiralty Apartments offer two stylish and private self-contained apartments with ocean views through a tropical palm forest. Adjacent to Ned’s Beach and surrounded by beautiful gardens, the apartments feature luxurious touches including plush king-sized bed, deep soaking bath and large private deck, all just a short 2-minute walk to the beach.
Go back to the e-newsletterBelmond has revealed plans for its new island-chic hideaway, Belmond Cap Juluca, and is now taking first reservations.Belmond Cap Juluca is the first property to be fully reimagined under the brand’s ambitious growth strategy and is scheduled to welcome guests from 17 November 2018. Through timeless and sophisticated art direction, the resort will be restored to its legendary status and support Belmond’s brand position for offering authentic escapes that connect guests with nature and local culture.For sanctuary seekersLocated in the British West Indies on the shores of Anguilla – Belmond Cap Juluca offers a sanctuary for total escapism. Beautifully appointed accommodations extend across the secluded cove of Maundays Bay and open onto pristine white sands just steps from the Caribbean Sea.A new era of beach-chic glamour and laid back luxury is introduced to the resort with a sea view infinity-edge pool and rustic beach bar The Cap Shack and elegant restaurants. Colourful botanicals and indigenous plants spill in from the tropical surrounds and blend with new designs that embrace old world travel and new world comforts; embracing its access to one of the best beaches in the Caribbean.Perched on the property’s private headland, nestled in manicured gardens and offering panoramic views of crystal blue waters is the new Spa and Fitness Centre. A ‘disappearing spa’, designed to blend into the landscape – it is the only spa of its kind on the island to offer intimate access to nature away from resort life. A place to exercise, relax and unwind, the spa will boast a yoga pavilion, gym and seven all-suite treatment villas – with private terraces and seating by the sea.Healing watersOffering new levels of waterfront luxury is the show-stopping CAP’s Cool Pool and new outdoor terrace featuring an infinity-edge pool, shaded botanical courtyard and spacious tree-lined sunbathing decks. Guests will for the first time in the property’s history have the best of both worlds – a chance to dine and socialise by the pool whilst taking in the mesmerising beach views.The naturally healing powers of the sea are complemented by locally harvested Anguillan salt that features in bathroom amenities and signature spa treatments.Wining and diningBelmond Cap Juluca will be at the heart of the diverse gastronomy scene on the island – championing locally sourced seafood, freshly prepared healthy Caribbean and Anguillan cuisine and world-class international flavours.The reinvigorated Pimms restaurant is an invitation to dine on authentic Caribbean classics and Anguillan delicacies in relaxed surroundings. A taste of the world of Belmond, through dishes inspired by the world-famous CIP’s Club in Venice can be enjoyed at the casual all day dining restaurant, CIPs by Cipriani. Freshly squeezed fruit juices, smoothies and light bites are on offer at the fashionable new Maundays Lounge and Pool Terrace and by night, service turns to sophisticated ceviche and tapas as the rum cocktails flow.The epitome of barefoot luxury is the resort’s rustic beach bar and playful seat in the sand – The Cap Shack – located on a remote stretch of Maundays Bay and open to island dwellers and seafarers alike. Creatively mixed rum punches, catch of the day and barbecue beach tapas are served from a food truck to sun-kissed revellers as the sound of live calypso and reggae fills the night skies.Rooms and suitesSpread across Belmond Cap Juluca’s secluded crescent-shaped cove and located just steps from the white sandy shores, are 113 newly appointed guest rooms and suites – all with large private verandas or balconies. The interiors honour laidback island life with space to read, dine and dream away the hours in comfort. Many of the accommodations boast large bathrooms that overlook walled botanical courtyards, complete with private seating area. The three- and five-bedroom private villas offer more space for families and groups of friends to embrace island living and feature high-spec kitchens, large dining areas and private pools. Go back to the e-newsletter
Go back to the enewsletter16 August 2018Following Savenio‘s win earlier this week at the Virtuoso Travel Week for ‘Top year-over-year percentage growth’ – see story below – LATTE chatted exclusively with the Australian luxury network’s Managing Director David Brandon from Las Vegas, for a Piccolo (short chat), to understand just how significant this accolade is for his company.Congratulations, David, on Savenio’s award. Why is this year’s award significant to Savenio?“Savenio is a small, independent business and we have made a big mark in the industry. Not just in Australia, but internationally. Our win is not just a win for Savenio; it is a huge endorsement of the philosophy behind our brand, which is that true independence leads to success.And why is it important to you personally?Like our independent travel designers at Savenio, I am running my own business and I do it well, with commitment, integrity and passion, and I believe our model is unique in offering Independentadvisors a space to earn what they are worth and be truly independent.Given Savenio’s growth trajectory, is it reasonable to expect that you might be among the finalists of this category again next year, and could you make it back to back wins?We can only continue to do what we do and do it well. At the end of the day, these awards are fantastic, but they are no more important than our clients and the Savenio Independent Travel Designers who work with them.Which travel, and non-travel, companies inspire you/do you admire?Virtuoso inspires me every day to strive to be the best of the best. When I joined Virtuoso, I wanted to be a part of a global company that can deliver our clients exclusive amenities so I could add value to their holiday, which gives us the edge over other travel agencies.Like us, Virtuoso is growing and leading the way in the luxury travel space.What drives you every day?My dad always told me ‘hard work never hurt anyone’ and I have always adhered to that principle. I love helping clients to build their holiday dreams and also helping our Independent Travel Designers grow their own businesses to be more successful. That really makes it easy to be passionate about my job.Thanks kindly for your time.____________________________________________________________________________14 August 2018Savenio luxury travel network has gained global recognition, receiving the ‘Top year-over-year percentage growth’ award during the opening ceremony of Virtuoso Travel Week in Las Vegas this week.The award pitched Savenio against Virtuoso’s travel agency partners across 50 countries, recognising the extraordinary growth of the brand over the past 12 months.“This award is a true reflection of Savenio’s commitment to two things: building a network of fantastic advisors and providing a platform where they can deliver excellent travel experiences for their clients,” Savenio’s Managing Director, David Brandon said from the Bellagio, Las Vegas.“My Savenio colleagues are drawn from the top 2% of Australian travel advisors and have an unrivalled level of experience and knowledge of luxury product and commitment to client service.“Savenio attracts the best of the best in our industry as we pay them the highest commissions and give them the greatest flexibility in choosing the products which are most suited to their client.Savenio’s David Brandon with Virtuoso’s Michael Londregan, Michele Saunderson and Cristina Magni.“We support all of our Independent Travel Designers to create the best possible itineraries for their clients and that means having the independence to choose the right product, not the one they have been told to sell. We believe independence equals success.“This award comes as a result of the hard work and dedication of each and every one of our Independent Travel Designers and I want to thank them for choosing to be part of the Savenio team.”Further updates from Virtuoso Travel Week to come in this week’s LATTE.Go back to the enewsletter
Go back to the enewsletterAs the Australian ski season comes to a close, Colorado Ski Country USA (CSCUSA) prepares for its biggest season yet. To share what’s new at its 24 member ski areas, CSCUSA president and CEO, Melanie Mills, met with Sydney media over lunch at Rockpool Bar & Grill (Neil Perry being a fan of CSCUSA member, Aspen Snowmass). Australians are Colorado’s leading inbound international market, particularly attracted to the state’s vast array of snow terrain, guaranteeing “a mountain for everyone”.Accompanying Mills on the Australian roadshow were Jeff Hanle, VP Communications, Aspen Snowmass; Tom Watkinson, Director of Communications, Telluride; Taylor Prather, PR Manager, Copper Mountain Resort; Loryn Karsten, Senior Communications Manager, Steamboat; Steve Hurlbert, Director of PR & Communications, Winter Park; and Flip Byrnes, Australia-based PR Manager for Aspen Skiing Company.Over a convivial three-course lunch, guests learned about the latest developments taking place for the coming season. Some of the highlights include the development of Snowmass Base Village at Aspen Snowmass; two new chairlifts at Copper (including one chair-gondola hybrid); the upgrade of beginners’ area, The Meadows, at Telluride; a much-awaited 10-person gondola at Winter Park; and the debut of the Taco Beast – a roaming, on-mountain snowcat dishing up Mexican fare – at Steamboat.Here is the full list of planned developments for CSCUSA member ski areas:Arapahoe Basin Ski AreaFor the 2018-19 season, Arapahoe Basin Ski Area will fully open its 468-acre (189-hectare) terrain expansion into the Beavers and the Steep Gullies, including the new four-person Beavers chairlift. A-Basin opened approximately 371 acres (150 hectares) of terrain last season to give a “preview” to excited skiers and riders. This summer, A-Basin operations crews constructed an additional 97 acres (39 hectares) of tree skiing (glades) and continued to improve the rest of the terrain with grading, glading and installation of the chairlift and picnic areas. Terrain in The Beavers will include two new intermediate groomed runs in the 2018-19 season, allowing more skiers and riders to enjoy this scenic, north- and west-facing terrain. The Steep Gullies are approximately 91 acres (36 hectares) of extreme (double-black diamond), steep, couloir skiing. These runs will remain hike-back for the true advanced skier or snowboarder looking for some of the most challenging terrain in Colorado.Aspen SnowmassAspen Skiing Company is well underway on the Snowmass Base Village Development, a US$600 million mountain-resort development that will add lodging, residences and amenities over 10 years. The first phase of development includes the new Limelight Hotel Snowmass, a ski-in, ski-out hotel adjacent to Snowmass Mountain’s Elk Camp Gondola that will feature 99 hotel rooms and 11 for-sale condominiums, plus a new restaurant, a children’s game area and a five-story climbing wall. The Snowmass Base Village will also welcome a central public events plaza to serve as the community’s gathering space with an ice-skating rink, fire pits, children’s pop-up fountains and other community amenities this winter. At Buttermilk families and children can enjoy Fort Frog, a new wooden, frontier-style fort with lookout towers, a jail, snowball launcher and swinging bridge. This is a great option for skiing and non-skiing families alike. Also new for the 2018-19 season, The Aspen Snowmass App will receive an upgrade to provide rewards and enhanced functioning of year-over-year stats and tracking, allowing families, skiers and non-skiers to track on-mountain movements. All Aspen Snowmass food and beverage outlets will go straw free.CooperCooper’s new Moonlight Mountaintop Yurt dinner series at the Ridgeview Café features a ride to the mountaintop after hours in a warm, cosy snowcat in the light of the full moon. This event is perfect for a special gathering with four dates during the 2018-19 season and includes delicious flame-grilled salmon, stuffed portabello mushrooms and New York strip steaks.Copper MountainFor the 2018-19 season, Copper Mountain will debut the new American Flyer and American Eagle chairlifts out of Copper’s Center Village. The American Flyer will now be a high-speed six-person chair with bubble enclosures to protect from wind and cold, the only active bubble chair in Colorado. The American Eagle will be a high-speed combination lift that features both six-person chairs and eight-person gondola cabins. Both will significantly increase uphill access from the base area and reduce wait times. Copper Mountain will also debut a new base area restaurant, Downhill Duke’s. Named after a beloved dog, Downhill Duke’s will welcome guests and their four-legged friends to unbuckle their boots, take in some sun and enjoy lunch or après cocktails on the south-facing patio.Echo Mountain ResortEcho will kick off the 2018-19 season with a new tubing hill serviced by a covered conveyor lift offering family-friendly fun for skiers and those who just want to play in the snow. Echo will also expand the beginner learning area, increase snowmaking capacity and offer RFID access gates for direct-to-lift access on several ticket and pass options. Echo will also continue to offer and expand its Ambassador coaching program included in a day lift ticket purchase. As part of the program, employees are available throughout the mountain to offer tips and suggestions to help guests who are learning or looking to progress their ski or snowboard skills.EldoraA year after installing the Alpenglow high-speed six-person chairlift, Eldora’s first-ever high-speed lift, the ski area will make another leap into the future this season with RFID pass technology. New glading projects and upgrades to Eldora’s electrical and communication systems will give guests more reasons to smile, as will more frequent early-season and mid-week events and activities.Granby RanchDuring the 2018-19 season, Granby Ranch will offer groups the opportunity to rent Granby Ranch’s East Mountain for the evening. Guests will have full access to the East Mountain night skiing terrain from 5pm to 9pm in a unique option for groups to highlight a special occasion or host a private event.Kendall MountainNew for the 2018-19 season, Kendall Mountain will offer a natural ice-skating experience with pond skating. Kendall’s pond just south of the ski lodge offers stellar views of the rugged San Juan Mountains. The ski area will offer night-time skating events on the pond throughout the winter season featuring a DJ, bonfire, hot cocoa, stargazing and lots of family-friendly fun.Loveland Ski AreaFor the 2018-19 season, Loveland Ski Area will unveil the largest single capital improvement project in the ski area’s history with the installation of a new lift, Chet’s Dream. Chet’s Dream will be the first high-speed quad in Loveland’s history and is named after the ski area’s longtime owner, Chet Upham Jr.Monarch MountainMonarch Mountain will debut a brand-new tubing park for the 2018-19 season, expanding offerings for visiting families with both skiers and non-skiers in the group. Monarch will also improve the guest experience with new gladed tree skiing, upgraded Wi-Fi, chip readers at all sales terminals, self-order kiosks in the Gunbarrel Cafeteria and hand-held order-taking technology.Powderhorn ResortPowderhorn Resort’s 2018-19 season will feature Mission: Affordable, a new steeply discounted season pass program with discounts and special programs for first-timers and beginners.Purgatory Resort Purgatory Resort will offer year-round access to the Inferno Mountain Coaster, a new gravity-fed ride that will zip through aspen groves revealing incredible views of the San Juan mountains. A great option for families with non-skiers or those seeking a break from the slopes, the Inferno Mountain Coaster is almost a mile (1.6 kilometres) long, including 300 feet (90 metres) of vertical drop, nine switchbacks and speeds of up to 25 miles (40 kilometres) per hour. Brand-new for the 2018-19 season, Purgatory Resort will offer a free season pass for all children in Fourth Grade or younger, with no blackout dates and no parent purchase required.Silverton MountainSilverton Mountain will begin the 2018-19 season on 24 November with brand-new heli-skiing terrain, “Zone 8”, which features diverse high-alpine terrain and great early-season snow. Silverton will also expand its Unguided Season Pass offer to include a 150% increase in available ski days to the unguided season, 45 free days at partner ski resorts and a $39 heli-drop.SteamboatSteamboat Resort will feature two new dining experiences for the 2018-19 season. Timber & Torch, a new base area restaurant and bar experience, will be open for breakfast, lunch and dinner featuring a new outdoor heated patio, two indoor/outdoor bars, an exterior fireplace and a new outdoor barbecue. The Taco Beast, a unique new on-mountain, roaming snowcat, will serve carne asada and al pastor trail tacos with trailside service in both winter and summer seasons. Learn more about Steamboat and its famous Champagne Powder Snow.Sunlight Mountain ResortSunlight Mountain Resort will honour the effort and sacrifice of firefighters and first responders by launching Firefighter Fun Days for the 2018-19 season. The ski area will offer free skiing and riding to all active firefighters and first responders each Wednesday of Sunlight’s 2018-19 season. Also new for the 2018-19 season, Sunlight will open the Compass Mountain Grill, an on-mountain food stand for walk-up skiers and riders to refuel at the top of Sunlight.Telluride Ski ResortThe Meadows, Telluride’s popular beginner area, will be upgraded into a world-class learning facility for the 2018-19 season. The Meadows will feature a newly installed 320-foot (97-metre) covered surface lift and a significant investment in a terrain-based learning program. Telluride skiers and riders will also find an expanded grooming fleet to enhance the groomed terrain across the resort, as Telluride continues its multi-year, multi-million-dollar venture in snowmaking upgrades and technology to improve efficiency and reduce its carbon footprint. Telluride is also developing a consumer app that will be available for download in November 2018 and will include features such as up-to-the-minute lift status information, snow reporting, trail status, an interactive trail map, push notifications and more.Winter Park ResortNew for the 2018-19 season, Winter Park Resort will feature a new 10-person gondola, the resort’s first new on-mountain lift installation since 2007, reducing wait times by 15 minutes during peak season. The gondola will serve a new daily Mountaintop Sunset Après at the Lodge at Sunspot from 2.30pm to 5.30pm, with live music on Fridays and Saturdays. Foot passengers can ride for free without a lift ticket beginning at 2.30pm each day.Winter Park will also upgrade its snowmaking system with the addition of new energy efficient compressors, pipe replacement and new high-tech snow guns. A Zephyr Plaza upgrade in the Winter Park Village will create a free-flowing plaza with stage area, fire pits and sun deck for general gathering and small events and concerts. The Winter Park Express train service from Denver to Winter Park will also return for a third season with additional Fridays added as well as a lounge car for food and beverages.Wolf Creek Ski AreaWolf Creek Ski Area will open for the 2018-19 season with the new high-speed, detachable quad Charity Chairlift. The 10th lift in Wolf Creek’s current lift system, the Charity lift will be named after Charity Jane Pitcher, previous owner of Wolf Creek Ski Area. The Charity Lift will be the third chairlift in the spacious 900-acre (364-hectare), Alberta area. Fifty-five acres (22 hectares) of previously underutilised terrain will now be available to beginner and intermediate skiers. Guests can also enjoy a new on-mountain grill. The Alberta Grill will offer a south of the border-themed menu and more traditional grilled items. Wolf Creek will also implement and launch a new point-of-sale system in rentals, retail and all restaurants mountain wide for the 2018-19 season.Images © Telluride Ski Resort, courtesy of Colorado Ski Country USAGo back to the enewsletter
Go back to the enewsletterQantas will introduce its Boeing 787-9 Dreamliner aircraft on the daily Sydney-San Francisco route from 4 December. The move coincides with the delivery of Qantas’ next six Dreamliners which will replace ageing Boeing 747 aircraft over the next 18 months.Qantas already operates four weekly flights to San Francisco from Melbourne using the 787-9.“The 747 has been the backbone of our international fleet for more than 40 years, so it will be the end of an era and the start of another when we farewell the Queen of the Skies from flying to mainland America,” said Qantas International Acting CEO Naren Kumar.Qantas’ 787-9 Dreamliner features three cabin options: the next generation Economy, Premium Economy and Business class.San Fransico is one of five international destinations currently served by the Qantas Dreamliner, together with Los Angeles, New York, London and Hong Kong.Qantas currently has eight 787-9s in its fleet, with a six more arriving between October 2019 and the second half of 2020.Go back to the enewsletter
RelatedMore flights from Gatwick to be offered by Aer LingusMore flights from Gatwick to be offered by Aer LingusFlights to Gatwick to be launched from Cork by Aer LingusFlights to Gatwick to be launched from Cork by Aer LingusAer Lingus to launch flights to Paris from ShannonShannon Airport was welcomed Aer Lingus’s intention to launch flights to Paris Charles de Gaulle Aer Lingus is launching new flights to Vilnius, this year’s European Capital of Culture, from Gatwick later this autumn.The Lithuanian capital is noted for its architecture and promises visitors a number of cultural events to choose from during 2009.Enda Corneille, the airline’s corporate affairs director, explained that the route was one of six new flights being introduced from Gatwick on October 25th.”For the 42 million Brits who opted for a staycation this summer, these flights will bring back the excitement factor of flying abroad and waving goodbye to the daily grind,” she said.”With a bleak winter predicted, finding something to look forward to during the dark winter moments is vital.”Aer Lingus also offers flights to Bucharest, Eindhoven, Tenerife, Lanzarote, Warsaw, Faro, Malaga, Zurich, Vienna, Munich, Dublin and Knock from London’s second-largest airport.Recent figures from the Civil Aviation Authority revealed that 81 percent of flights from the airport were on time between April and June, which represents an 11 percent improvement from the same period last year.ReturnOne wayMulti-cityFromAdd nearby airports ToAdd nearby airportsDepart14/08/2019Return21/08/2019Cabin Class & Travellers1 adult, EconomyDirect flights onlySearch flights Map
Excitement is growing about rumours that more concrete plans for such jets will be unveiled at the 2012 Farnborough International Airshow next month.According to articles in The Times, NASA scientists have been working with a number of aerospace companies, including Boeing, Lockheed Martin, and Gulfstream, to build a plane that can fly its passengers from London to Sydney in just four hours.Deemed, ‘Son of Concorde’ such a jet would be around four times faster than today’s speediest aircraft, and could be ready for take off by 2020. The biggest hurdle is silencing the ‘sonic boom’ produced by supersonic aircraft such as Concorde. It was so noisy that it was banned from flying at supersonic speeds over land by international law.Like its Anglo-French predecessor, a seat on a supersonic jet would probably be pricey and aimed at business travellers, at least to begin with, so for the next decade at least, it’s likely that if you want to fly to Australia from the UK, you’ll still be looking at a twenty-something-hour haul.Meanwhile, the race for flights to space continues…ReturnOne wayMulti-cityFromAdd nearby airports ToAdd nearby airportsDepart14/08/2019Return21/08/2019Cabin Class & Travellers1 adult, EconomyDirect flights onlySearch flights Map RelatedChip-fat fuelled planes, Supersonic Jets, and the DreamlinerChip-fat fuelled planes, Supersonic Jets, and the DreamlinerFree things to do in the world’s most expensive citiesForget what you’ve heard, these expensive cities don’t require a big budget – we’ve found 12 free activities in 12 of the world’s most expensive cities. Plus, we’ve found you a budget hotel and cheap flights too. 1. Singapore – fly from £389 Photo credit: Michelle Karam Singapore Botanic Gardens…How to get over jet lag: 14 tips for beating timezone tirednessWhy do we get jet lag? How can we make adjusting to new time zones simpler and how can we help our bodies cope with the effects of long-haul flights? Whether you’re heading off on a bargain break to Orlando or you’ve found a great deal on a cheap holiday…