Mes: febrero 2021

Choice Privileges Celebrates Presidents Day Weekend With Traveler Discounts

ROCKVILLE, Md., Feb. 8, 2021 /PRNewswire/ — Choice Privileges, the award-winning loyalty program from

ROCKVILLE, Md., Feb. 8, 2021 /PRNewswire/ — Choice Privileges, the award-winning loyalty program from Choice Hotels International, Inc. (NYSE: CHH), is celebrating Presidents Day weekend and Valentine’s Day by offering travelers discounts during the holiday weekend. Beginning today, Choice Privileges members who book trips at participating Choice Hotels properties and check-in between Feb. 11 and Feb. 16 will receive 20% off their stays.

«Whether guests are seeking warmer weather or looking for a quick winter getaway, guests can sweeten their Presidents Day weekend or Valentine’s Day trip with an extra discount off their stays,» said Sarah Searls, chief customer officer, Choice Hotels. «Anyone can sign up for free to be a Choice Privileges member and take advantage of this exclusive 20% off rate and all the benefits and perks that go along with membership.»

To receive this 20% off discount, guests can book travel at ChoiceHotels.com, on the Choice Hotels mobile app or by calling 800.4CHOICE, and can enroll in the Choice Privileges program at checkout.

Choice Privileges, named a top hotel loyalty program by both USA Today’s 10 Best Readers’ Choice Awards and U.S. News & World Report, is making it easier than ever for loyalty members to achieve elite status this year after recently announcing a continuation of the new requirements to earn benefits faster. Updates include reducing the number of nights required to earn elite status and initiating extensions for current elite members.

Membership is free, offering fast rewards, including bonus points, airline miles, or credits for premium coffee and shared rides through the exclusive, personalized, Your Extras benefit. Guest can earn points for future stays at Choice-branded hotels, all-inclusive AMResorts® properties and now at Penn National Gaming casino resorts. For more information or to enroll in Choice Privileges, visit www.choicehotels.com/choice-privileges.

Choice Hotels’ Commitment to Clean initiative and flexible cancellation policies are designed to help give guests added peace of mind when booking a Choice-branded hotel. All Choice-branded hotels are participating in Commitment to Clean, an initiative that builds upon the strong foundation of franchisees’ long-standing dedication to cleanliness with enhanced training and best practices for deep cleaning, disinfecting and social distancing.

About Choice Hotels®
Choice Hotels International, Inc. (NYSE: CHH) is one of the largest lodging franchisors in the world. With more than 7,100 hotels, representing nearly 600,000 rooms, in over 40 countries and territories as of September 30, 2020, the Choice® family of hotel brands provide business and leisure travelers with a range of high-quality lodging options from limited service to full-service hotels in the upscale, midscale, extended-stay and economy segments. The award-winning Choice Privileges® loyalty program offers members benefits ranging from everyday rewards to exceptional experiences. For more information, visit www.choicehotels.com. 

© 2021 Choice Hotels International, Inc. All rights reserved.

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SOURCE Choice Hotels International, Inc.

Playa Hotels & Resorts N.V. Announces Amendments of Credit Facilities, Extension of Revolving Credit Facility Maturity and Extension of Covenant Relief Periods

FAIRFAX, Va., Feb. 8, 2021 /PRNewswire/ — Playa Hotels & Resorts N.V. (NASDAQ: PLYA) (the «Company») today announced that it has entered into amendments to its credit agreements with its senior secured credit facility lenders to, among other things, refinance and extend the maturity of a portion of its revolving credit facility and extend until March 31, 2022 the period during which the secured net leverage ratio requirements of the financial covenants in the credit…

FAIRFAX, Va., Feb. 8, 2021 /PRNewswire/ — Playa Hotels & Resorts N.V. (NASDAQ: PLYA) (the «Company») today announced that it has entered into amendments to its credit agreements with its senior secured credit facility lenders to, among other things, refinance and extend the maturity of a portion of its revolving credit facility and extend until March 31, 2022 the period during which the secured net leverage ratio requirements of the financial covenants in the credit agreements are replaced with a minimum liquidity test.

The Company entered into the Fifth Amendment to its Amended & Restated Credit Agreement (the «Fifth Amendment») with Deutsche Bank AG New York Branch, as Administrative Agent and lender and the other lenders party thereto from time to time to, among other things, (i) refinance and extend the maturity of a portion of the Company’s revolving credit facility through January 2024 (the «Refinanced Revolving Loans»), (ii) increase the interest rate applicable to the Refinanced Revolving Loans by 1.00% to, at the Company’s option, either a base rate plus a margin of 3.00% or LIBOR plus a margin of 4.00%, (iii) extend the period during which a minimum required liquidity test replaces the leveraged-based financial covenant through March 31, 2022 (the «DB Covenant Relief Period»), (iv) modify the leveraged-based financial covenant for certain test dates after the DB Covenant Relief Period, and (v) add certain restrictions on, among other things, the incurrence of additional debt and making of investments, dispositions and restricted payments.

In addition, the Company entered into the Second Amendment to Credit Agreement (the «Second Amendment») with an affiliate of Davidson Kempner Capital Management LP as administrative agent and the lenders party thereto from time to time to, among other things, (i) extend the period during which a minimum required liquidity test replaces the leveraged-based financial covenant through March 31, 2022 (the «DK Covenant Relief Period»), (ii) modify the leveraged-based financial covenant for certain test dates after the DK Covenant Relief Period, and (iii) add certain restrictions on, among other things, the incurrence of additional debt and making of investments, dispositions and restricted payments, as the case may be, all as more fully set forth in the Second Amendment.

«The successful extension of the covenant relief period and the amendment to our credit facility significantly increase our financial flexibility in the near term, allowing us to focus on the operational recovery in our markets,» said Bruce Wardinski, Chairman and CEO of Playa. «The ongoing support of our bank lending group has played a pivotal role in our ability to navigate the COVID-19 pandemic successfully and we look forward to continuing the relationship for years to come.»

For additional details on the aforementioned transactions, please refer to the Company’s Current Report on Form 8-K, which will be filed with the SEC on or about February 8, 2021.

About Playa Hotels & Resorts N.V.

Playa Hotels & Resorts N.V. is a leading owner, operator and developer of all-inclusive resorts in prime beachfront locations in popular vacation destinations in Mexico and the Caribbean. Playa owns and/or manages a total portfolio consisting of 20 resorts (7,867 rooms) located in Mexico, Jamaica and the Dominican Republic. In Mexico, Playa owns and manages Hyatt Zilara Cancun, Hyatt Ziva Cancun, Panama Jack Resorts Cancun, Panama Jack Resorts Playa del Carmen, Hilton Playa del Carmen, Hyatt Ziva Puerto Vallarta and Hyatt Ziva Los Cabos. In Jamaica, Playa owns and manages Hyatt Zilara Rose Hall, Hyatt Ziva Rose Hall, Hilton Rose Hall Resort & Spa, Jewel Grande Montego Bay Resort & Spa and Jewel Paradise Cove Beach Resort & Spa. In the Dominican Republic, Playa owns and manages the Hilton La Romana, Hyatt Ziva Cap Cana and Hyatt Zilara Cap Cana. Playa also owns two resorts in Mexico and the Dominican Republic that are managed by a third party and Playa manages the Sanctuary Cap Cana, in the Dominican Republic.  

Forward-Looking Statements

This press release contains «forward-looking statements,» as defined by federal securities laws. Forward-looking statements reflect Playa’s current expectations and projections about future events at the time, and thus involve uncertainty and risk. The words «believe,» «expect,» «anticipate,» «will,» «could,» «would,» «should,» «may,» «plan,» «estimate,» «intend,» «predict,» «potential,» «continue,» and the negatives of these words and other similar expressions generally identify forward looking statements. Such forward-looking statements are subject to various factors that could cause actual outcomes or results to differ materially from those indicated in these statements, including the risks described under the sections entitled «Risk Factors» in Playa’s Annual Report on Form 10-K, filed with the SEC on February 27, 2020 and Quarterly Report on Form 10-Q, filed with the SEC on November 4, 2020, as such factors may be updated from time to time in Playa’s periodic filings with the SEC, which are accessible on the SEC’s website at www.sec.gov.  These factors should not be construed as exhaustive and should be read in conjunction with the other cautionary statements that are included in this release and in Playa’s filings with the SEC.  Currently, one of the most significant factors that could cause actual outcomes to differ materially from our forward-looking statements is the adverse effects of the current COVID-19 pandemic on the financial condition, operating results and cash flows of Playa, the airlines that service the locations where Playa owns resorts, the short and longer-term demand for travel, the global economy and the local economies where Playa owns its resorts, and the financial markets.  While forward-looking statements reflect Playa’s good faith beliefs, they are not guarantees of future performance. Playa disclaims any obligation to publicly update or revise any forward-looking statement to reflect changes in underlying assumptions or factors, new information, data or methods, future events or other changes after the date of this press release, except as required by applicable law. You should not place undue reliance on any forward-looking statements, which are based only on information currently available to Playa (or to third parties making the forward-looking statements).

For additional information visit investors.playaresorts.com.

 

 

 

 

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SOURCE Playa Management USA, LLC

Playa Hotels & Resorts N.V. Announces Amendments of Credit Facilities, Extension of Revolving Credit Facility Maturity and Extension of Covenant Relief Periods

FAIRFAX, Va., Feb. 8, 2021 /PRNewswire/ — Playa Hotels & Resorts N.V. (NASDAQ: PLYA) (the «Company») today announced that it has entered into amendments to its credit agreements with its senior secured credit facility lenders to, among other things, refinance and extend the maturity of a portion of its revolving credit facility and extend until March 31, 2022 the period during which the secured net leverage ratio requirements of the financial covenants in the credit…

FAIRFAX, Va., Feb. 8, 2021 /PRNewswire/ — Playa Hotels & Resorts N.V. (NASDAQ: PLYA) (the «Company») today announced that it has entered into amendments to its credit agreements with its senior secured credit facility lenders to, among other things, refinance and extend the maturity of a portion of its revolving credit facility and extend until March 31, 2022 the period during which the secured net leverage ratio requirements of the financial covenants in the credit agreements are replaced with a minimum liquidity test.

The Company entered into the Fifth Amendment to its Amended & Restated Credit Agreement (the «Fifth Amendment») with Deutsche Bank AG New York Branch, as Administrative Agent and lender and the other lenders party thereto from time to time to, among other things, (i) refinance and extend the maturity of a portion of the Company’s revolving credit facility through January 2024 (the «Refinanced Revolving Loans»), (ii) increase the interest rate applicable to the Refinanced Revolving Loans by 1.00% to, at the Company’s option, either a base rate plus a margin of 3.00% or LIBOR plus a margin of 4.00%, (iii) extend the period during which a minimum required liquidity test replaces the leveraged-based financial covenant through March 31, 2022 (the «DB Covenant Relief Period»), (iv) modify the leveraged-based financial covenant for certain test dates after the DB Covenant Relief Period, and (v) add certain restrictions on, among other things, the incurrence of additional debt and making of investments, dispositions and restricted payments.

In addition, the Company entered into the Second Amendment to Credit Agreement (the «Second Amendment») with an affiliate of Davidson Kempner Capital Management LP as administrative agent and the lenders party thereto from time to time to, among other things, (i) extend the period during which a minimum required liquidity test replaces the leveraged-based financial covenant through March 31, 2022 (the «DK Covenant Relief Period»), (ii) modify the leveraged-based financial covenant for certain test dates after the DK Covenant Relief Period, and (iii) add certain restrictions on, among other things, the incurrence of additional debt and making of investments, dispositions and restricted payments, as the case may be, all as more fully set forth in the Second Amendment.

«The successful extension of the covenant relief period and the amendment to our credit facility significantly increase our financial flexibility in the near term, allowing us to focus on the operational recovery in our markets,» said Bruce Wardinski, Chairman and CEO of Playa. «The ongoing support of our bank lending group has played a pivotal role in our ability to navigate the COVID-19 pandemic successfully and we look forward to continuing the relationship for years to come.»

For additional details on the aforementioned transactions, please refer to the Company’s Current Report on Form 8-K, which will be filed with the SEC on or about February 8, 2021.

About Playa Hotels & Resorts N.V.

Playa Hotels & Resorts N.V. is a leading owner, operator and developer of all-inclusive resorts in prime beachfront locations in popular vacation destinations in Mexico and the Caribbean. Playa owns and/or manages a total portfolio consisting of 20 resorts (7,867 rooms) located in Mexico, Jamaica and the Dominican Republic. In Mexico, Playa owns and manages Hyatt Zilara Cancun, Hyatt Ziva Cancun, Panama Jack Resorts Cancun, Panama Jack Resorts Playa del Carmen, Hilton Playa del Carmen, Hyatt Ziva Puerto Vallarta and Hyatt Ziva Los Cabos. In Jamaica, Playa owns and manages Hyatt Zilara Rose Hall, Hyatt Ziva Rose Hall, Hilton Rose Hall Resort & Spa, Jewel Grande Montego Bay Resort & Spa and Jewel Paradise Cove Beach Resort & Spa. In the Dominican Republic, Playa owns and manages the Hilton La Romana, Hyatt Ziva Cap Cana and Hyatt Zilara Cap Cana. Playa also owns two resorts in Mexico and the Dominican Republic that are managed by a third party and Playa manages the Sanctuary Cap Cana, in the Dominican Republic.  

Forward-Looking Statements

This press release contains «forward-looking statements,» as defined by federal securities laws. Forward-looking statements reflect Playa’s current expectations and projections about future events at the time, and thus involve uncertainty and risk. The words «believe,» «expect,» «anticipate,» «will,» «could,» «would,» «should,» «may,» «plan,» «estimate,» «intend,» «predict,» «potential,» «continue,» and the negatives of these words and other similar expressions generally identify forward looking statements. Such forward-looking statements are subject to various factors that could cause actual outcomes or results to differ materially from those indicated in these statements, including the risks described under the sections entitled «Risk Factors» in Playa’s Annual Report on Form 10-K, filed with the SEC on February 27, 2020 and Quarterly Report on Form 10-Q, filed with the SEC on November 4, 2020, as such factors may be updated from time to time in Playa’s periodic filings with the SEC, which are accessible on the SEC’s website at www.sec.gov.  These factors should not be construed as exhaustive and should be read in conjunction with the other cautionary statements that are included in this release and in Playa’s filings with the SEC.  Currently, one of the most significant factors that could cause actual outcomes to differ materially from our forward-looking statements is the adverse effects of the current COVID-19 pandemic on the financial condition, operating results and cash flows of Playa, the airlines that service the locations where Playa owns resorts, the short and longer-term demand for travel, the global economy and the local economies where Playa owns its resorts, and the financial markets.  While forward-looking statements reflect Playa’s good faith beliefs, they are not guarantees of future performance. Playa disclaims any obligation to publicly update or revise any forward-looking statement to reflect changes in underlying assumptions or factors, new information, data or methods, future events or other changes after the date of this press release, except as required by applicable law. You should not place undue reliance on any forward-looking statements, which are based only on information currently available to Playa (or to third parties making the forward-looking statements).

For additional information visit investors.playaresorts.com.

 

 

 

 

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SOURCE Playa Management USA, LLC

Current Sensor Market to Reach $2.61 Bn, Globally, by 2027 at 6.3% CAGR: AMR

PORTLAND, Ore., Feb. 8, 2021 /PRNewswire/ — Allied Market Research published a report, titled, «Current Sensor Market by Type (Open Loop and Closed Loop), Current Sensing Technology (Hall Effect, Current Transformer, Flux Gate, and Rogowski Effect), and End Use (Automotive, Consumer Electronics, Industrial, Telecommunication, and Others): Global Opportunity Analysis and Industry Forecast, 2020–2027.» According to the report, the global <a target="_blank"…

PORTLAND, Ore., Feb. 8, 2021 /PRNewswire/ — Allied Market Research published a report, titled, «Current Sensor Market by Type (Open Loop and Closed Loop), Current Sensing Technology (Hall Effect, Current Transformer, Flux Gate, and Rogowski Effect), and End Use (Automotive, Consumer Electronics, Industrial, Telecommunication, and Others): Global Opportunity Analysis and Industry Forecast, 2020–2027.» According to the report, the global current sensor industry generated $1.65 billion in 2019, and is expected to reach $2.61 billion by 2027, witnessing a CAGR of 6.3% from 2020 to 2027.

Allied_Market_Research_Logo

Drivers, restraints, and opportunities

Demand for the Hall-effect technology, increase in adoption of industrial robots, and trend of hybrid vehicles in the automotive industry drive the growth of the global current sensor market. However, high initial costs and technical issues related to current sensors hinder the market growth. On the other hand, rapid adoption of 5G technology that raises the demand for closed-loop current sensor creates new opportunities in the coming years.

Download Sample Report (227+ Pages with Latest Insights): https://www.alliedmarketresearch.com/request-sample/8323

Covid-19 Scenario

  • Owing to the shutdown of manufacturing facilities, the R&D activities in the semiconductor and electronics industry have been stopped. The supply chain disruptions have led to a shortage of raw materials.
  • Daily operations in the end-use industries such as industrial and automotive have been stopped due to lockdown. This has led to decrease in demand for current sensors.
  • The demand would grow gradually as end-use industries begin their operations during the post-lockdown period. Moreover, purchase capability among customers would increase. By the end of 2020, the demand would grow for the development of autonomous technologies, such as industrial robots and autonomous electric cars.

The open loop segment to maintain its dominant share during the forecast period

Based on type, the open loop segment accounted for the highest market share, accounting for nearly three-fourths of the global current sensor market in 2019, and will maintain its dominant share in terms of revenue during the forecast period. This is due to its compact size and less power consumption. However, the closed loop segment is expected to grow at the highest CAGR of 7.2% from 2020 to 2027, owing to high linearity, rapid response, and low temperature drift.

Get detailed COVID-19 impact analysis on the Current Sensor Market

The industrial segment to maintain its lead position during the forecast period

Based on end-use industry, the industrial segment accounted for the highest market share in 2019, contributing to nearly two-fifths of the global current sensor market, and is estimated to maintain its lead position during the forecast period. This is due to rise in application in heavy machinery that needs operation protection. However, the automotive segment is projected to witness the fastest CAGR of 7.5% from 2020 to 2027, owing to high demand for current sensors for installation in motor vehicles.

Asia-Pacific, followed by North America, to grow at the fastest rate

Based on region, Asia-Pacific, followed by North America, is expected to register the largest CAGR of 7.2% during the forecast period. Moreover, Asia-Pacific held the highest market share in 2019, contributing to more than one-third of the global current sensor market, and will maintain its leadership status by 2027. This is attributed to presence of large number of industries and high customer potential that leads to increase in demand. The report also analyzes regions including Europe and LAMEA.

Interested? Do Purchase Enquiry: https://www.alliedmarketresearch.com/purchase-enquiry/8323

Leading market players

  • Infineon Technologies
  • Honeywell International Inc.
  • Texas Instruments
  • Allegro MicroSystems, LLC
  • Tamura Corp.
  • TDK Corporation
  • LEM International SA
  • Pulse Electronics
  • Eaton Corporation PLC
  • Sensitec GmbH

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We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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Cision View original content:http://www.prnewswire.com/news-releases/current-sensor-market-to-reach-2-61-bn-globally-by-2027-at-6-3-cagr-amr-301223750.html

SOURCE Allied Market Research

Current Sensor Market to Reach $2.61 Bn, Globally, by 2027 at 6.3% CAGR: AMR

– Demand for the Hall-effect technology, increase in adoption of industrial robots, and trend of hybrid vehicles in the automotive industry drive the growth of the global current sensor market.

PORTLAND, Ore., Feb. 8, 2021 /PRNewswire/ — Allied Market Research published a report, titled, «Current Sensor Market by Type (Open Loop and Closed Loop), Current Sensing Technology (Hall Effect, Current Transformer, Flux Gate, and Rogowski Effect), and End Use (Automotive, Consumer…

– Demand for the Hall-effect technology, increase in adoption of industrial robots, and trend of hybrid vehicles in the automotive industry drive the growth of the global current sensor market.

PORTLAND, Ore., Feb. 8, 2021 /PRNewswire/ — Allied Market Research published a report, titled, «Current Sensor Market by Type (Open Loop and Closed Loop), Current Sensing Technology (Hall Effect, Current Transformer, Flux Gate, and Rogowski Effect), and End Use (Automotive, Consumer Electronics, Industrial, Telecommunication, and Others): Global Opportunity Analysis and Industry Forecast, 2020–2027.» According to the report, the global current sensor industry generated $1.65 billion in 2019, and is expected to reach $2.61 billion by 2027, witnessing a CAGR of 6.3% from 2020 to 2027.

Allied_Market_Research_Logo

Drivers, restraints, and opportunities

Demand for the Hall-effect technology, increase in adoption of industrial robots, and trend of hybrid vehicles in the automotive industry drive the growth of the global current sensor market. However, high initial costs and technical issues related to current sensors hinder the market growth. On the other hand, rapid adoption of 5G technology that raises the demand for closed-loop current sensor creates new opportunities in the coming years.

Download Sample Report (227+ Pages with Latest Insights): https://www.alliedmarketresearch.com/request-sample/8323

Covid-19 Scenario

  • Owing to the shutdown of manufacturing facilities, the R&D activities in the semiconductor and electronics industry have been stopped. The supply chain disruptions have led to a shortage of raw materials.
  • Daily operations in the end-use industries such as industrial and automotive have been stopped due to lockdown. This has led to decrease in demand for current sensors.
  • The demand would grow gradually as end-use industries begin their operations during the post-lockdown period. Moreover, purchase capability among customers would increase. By the end of 2020, the demand would grow for the development of autonomous technologies, such as industrial robots and autonomous electric cars.

The open loop segment to maintain its dominant share during the forecast period

Based on type, the open loop segment accounted for the highest market share, accounting for nearly three-fourths of the global current sensor market in 2019, and will maintain its dominant share in terms of revenue during the forecast period. This is due to its compact size and less power consumption. However, the closed loop segment is expected to grow at the highest CAGR of 7.2% from 2020 to 2027, owing to high linearity, rapid response, and low temperature drift.

Get detailed COVID-19 impact analysis on the Current Sensor Market

The industrial segment to maintain its lead position during the forecast period

Based on end-use industry, the industrial segment accounted for the highest market share in 2019, contributing to nearly two-fifths of the global current sensor market, and is estimated to maintain its lead position during the forecast period. This is due to rise in application in heavy machinery that needs operation protection. However, the automotive segment is projected to witness the fastest CAGR of 7.5% from 2020 to 2027, owing to high demand for current sensors for installation in motor vehicles.

Asia-Pacific, followed by North America, to grow at the fastest rate

Based on region, Asia-Pacific, followed by North America, is expected to register the largest CAGR of 7.2% during the forecast period. Moreover, Asia-Pacific held the highest market share in 2019, contributing to more than one-third of the global current sensor market, and will maintain its leadership status by 2027. This is attributed to presence of large number of industries and high customer potential that leads to increase in demand. The report also analyzes regions including Europe and LAMEA.

Interested? Do Purchase Enquiry: https://www.alliedmarketresearch.com/purchase-enquiry/8323

Leading market players

  • Infineon Technologies
  • Honeywell International Inc.
  • Texas Instruments
  • Allegro MicroSystems, LLC
  • Tamura Corp.
  • TDK Corporation
  • LEM International SA
  • Pulse Electronics
  • Eaton Corporation PLC
  • Sensitec GmbH

Access AVENUE – A Subscription-Based Library (Premium On-Demand, Subscription-Based Pricing Model) @ https://www.alliedmarketresearch.com/library-access

Avenue is a user-based library of global market report database, provides comprehensive reports pertaining to the world’s largest emerging markets. It further offers e-access to all the available industry reports just in a jiffy. By offering core business insights on the varied industries, economies, and end users worldwide, Avenue ensures that the registered members get an easy as well as single gateway to their all-inclusive requirements.

Avenue Library Subscription | Request for 14 Days Free Trial of before Buying: https://www.alliedmarketresearch.com/avenue/trial/starter

Similar Reports:

Magnetic Sensor Market by Type (Hall Effect Sensor, Magnetoresistive Sensor, Squid Sensor, and Fluxgate Sensor), Application (Speed Sensing, Detection, Position Sensing, Navigation, and Others), and End User (Consumer Electronics, Automotive, Industrial, Aerospace & Defense, Healthcare, and Others): Global Opportunity Analysis and Industry Forecast, 2020–2026

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Smart Grid Sensors Market by Sensor (Voltage, Outage, and Transforming Monitoring), Application (Smart Energy Meter, Advanced Metering Infrastructure, Smart Grid Distribution Network, Data Collection, and Control), and End User (Consulting, Deployment & Integration, Support & maintenance, and Dynamic Line Rating): Global Opportunity Analysis and Industry Forecast, 2019–2026

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Worldwide Industry for Business Jets to 2030 – Demand for Business Jets Remains Skewed Towards Heavy Jets

DUBLIN, Feb. 8, 2021 /PRNewswire/ — The «Global Business Jet Market – Annual Review – 2021 – Key Trends, Issues & Challenges, Growth…

DUBLIN, Feb. 8, 2021 /PRNewswire/ — The «Global Business Jet Market – Annual Review – 2021 – Key Trends, Issues & Challenges, Growth Opportunities, Force Field Analysis, Market Outlook» report has been added to ResearchAndMarkets.com’s offering.

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The Global Business Jet market has been on the recovery path while facing tremendous headwinds in a complex, difficult & highly challenging market environment with the global economy reeling under the pressure of COVID-19 pandemic. The global business jet market in fact has been faring much better than commercial aviation, marking a major departure from the usual trend owing to social distancing mandates, and has witnessed a strong uptick in fleet utilization levels by late 2020 and is projected to make a recovery to pre-COVID levels, in terms of fleet utilization, by mid-2021. The industry has shown tremendous resilience over the past decade with the OEMs focusing on portfolio refresh led by new product introductions, reinforcement of presence across key markets & regions and services portfolio expansion amid a difficult demand environment through the decade.

The market demand for business jets remains skewed towards heavy jets where the three way battle for market shares continues to be fought amongst the triad of Gulfstream, Bombardier and Dassault Aviation with Gulfstream maintaining its pole position with a strong product portfolio, market positioning and leveraging the first mover advantage to full effect while a restructured Bombardier pivoted solely around business aviation is likely to be much more focused & competitive with its Global 7500 program. The long term fundamentals for the industry remain strong & well in place with regulatory mandates & sustainability focus likely to drive new aircraft sales apart from modernization & upgrade of existing aircrafts translating into an overall fillip for the industry over medium term.

Additionally, the market dynamics for business jets are likely to witness a major disruption & transformation with the advent of supersonic business jets which are likely to become a reality towards the middle to late 2020s with a number of industry OEMs working actively on their development. Business aviation is also likely to face a stiff challenge from civil rotorcrafts, starting with the AW609 which is likely to enter service over near term, apart from the unfolding of innovative & disruptive business models under Urban Aerial Mobility over medium term while simultaneously tackling sustainability challenges going forward.

Against this backdrop, the report analyzes and provides insights into key industry, market & technology trends likely to shape the future of the global business aviation market over near to medium term followed by outlining of emerging, potential growth opportunities for the long term.

Relevance & Usefulness: The report will be useful for:

  • Strategic Planning & Decision-Making process
  • Identification of & Insights into Potential Growth Opportunities & Avenues for Long Term
  • Market Evolution & Demand Growth Projections over Next Decade
  • Assessing potential impact of emerging Market Trends & Developments
  • Contingency planning for current Strategies & Programs
  • Identifying & highlighting areas for making potential Strategic Changes, Adjustments & Realignment
  • Strategic Perspective on the near-term Business & Strategic Outlook for Business Aviation

Key Topics Covered:

Section – 1: Global Business Aircraft Market – Introduction & Market Overview

Section – 2: Market Segmentation
2.1 Global Business Aircraft Market – Introduction & Overview
2.2 Global Business Aircraft Market – Key Market Segments
2.3 Global Business Aircraft Fleet – Size, Evolution & Growth Rate

Section – 3
Business Aviation – Dynamics & Key Drivers

Section – 4
Industry Trends

Section – 5
Market Trends

Section – 6
Technology Trends

Section – 7
Key Issues, Challenges & Risk Factors

Section – 8
Global Business Aircraft Market – Force Field Analysis – Analysis of Driving & Restraining Forces and their Overall Dynamics

  • Driving Forces
  • Restraining Forces

Section – 9
Global Business Aircraft Market – Aircraft Deliveries for 2020 and Market Outlook for 2021

Section – 10
Strategic Market Outlook & Demand Projections – Global Business Aircraft Market – 2021-2030

  • Analysis of Emerging Market Scenario for Business Jets
  • Global Demand Outlook – Business Aircrafts – Forecast – 2021-2030
  • Demand Growth Projections for Business Jets through 2030 –
  • Light Jets
  • Medium Jets
  • Heavy Jets
  • Demand Growth Forecasts for Key Geographic Markets & Regions – 2021-2030
  • North America
  • Europe
  • Asia-Pacific
  • Middle East & Africa
  • Latin America

For more information about this report visit https://www.researchandmarkets.com/r/4d6o57

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Research and Markets
Laura Wood, Senior Manager
press@researchandmarkets.com   

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SOURCE Research and Markets

INTEGRITY Security Services Device Management Dashboard (DMD) Service Provides the V2X /C2X Ecosystem with End-to-End OBU & RSU Visibility for Better Network Management

SANTA BARBARA, Calif., Feb. 8, 2021 /PRNewswire/ — INTEGRITY Security Services (ISS) today announced its Security Credential Management System (SCMS) add-on Device Management Dashboard Service (DMD). The ISS Certificate Management Service (CMS) DMD Service is another first for the vehicle-to-everything (V2X),…

SANTA BARBARA, Calif., Feb. 8, 2021 /PRNewswire/ — INTEGRITY Security Services (ISS) today announced its Security Credential Management System (SCMS) add-on Device Management Dashboard Service (DMD). The ISS Certificate Management Service (CMS) DMD Service is another first for the vehicle-to-everything (V2X), cellular vehicle-to-everything (C-V2X) and car-to-everything (C2X) markets globally. The CMS Device Management Dashboard Service provides the industry’s first end-to-end management dashboard to visualize any On-Board Unit (OBU) or Roadside Unit (RSU) being provisioned by the ISS CMS. In use today in Connected Vehicle (CV) Pilot programs, the ISS DMD Service provides visibility into the interactions that OBUs and RSUs have with the ISS CMS, providing a rich set of reports and detailed auditing information to help fleet, infrastructure owner-operator (IOO), and Department of Transportation (DOT) operators with C-V2X, V2X and C2X security rollouts and deployments. The CMS DMD Service enhances the features of the ISS CMS, which provides certificates to OBUs and RSUs used in USDOT CV Pilots and other state and local V2X dedicated short-range communications (DSRC) and C-V2X programs.

As the leading provider of the national SCMS Service for C-V2X and V2X systems, ISS is continuing to build out operational solutions to secure the V2X ecosystem to help assure its secure and reliable operation as a safety-critical system. The ISS DMD Service is essential to ensuring the integrity of the information in the V2X ecosystem because it provides traffic management centers with the ability to monitor, track, and manage security certificates for any device on their networks. The DMD Service not only gives traffic management centers the confidence in the accuracy of the data they are seeing, but it also provides unprecedented visibility to troubleshoot any network issues they may have. Both the ISS CMS and the ISS DMD Service are designed to provide these services on a scalable and efficient international level.

«The promise of the V2X ecosystem is to save lives while reducing accidents and congestion. Ensuring that global V2X, C-V2X and C2X systems are secure and provide reliable data is essential. The ISS Device Management Dashboard Service is a critical component for device and certificate management to ensure all elements in DOT safety-critical networks are secure,» says David Sequino, Co-Founder and President of INTEGRITY Security Services. «We are pleased to offer this service to federal, state, and local DOTs.»

«Neaera works on multiple connected vehicle projects. Having OBU and RSU certificate management visibility in real time fills a critical gap in our solutions to keep our CAV devices and infrastructure up and running,» says Tony English, Owner of Neaera Consulting Group. «Certificate management and visibility of network issues have been a challenge for our state and local DOT clients. The ISS CMS DMD Service is a game-changer allowing us to fill this gap. For the first time, this solution gives us much needed visibility while ensuring the integrity of our connected vehicle networks.»

About INTEGRITY Security Services
INTEGRITY Security Services (ISS) is a wholly owned subsidiary of Green Hills Software, established to provide best practice embedded security products and infrastructure solutions for protecting smart connected devices from cyber security attacks. End-to-end automotive solutions range from secure ECU platforms to large-scale public key management systems to supply chain security solutions. As the leading V2X certificate provider, ISS operates the V2X Root CA and provides its V2X Certificate Management Service (CMS) to both DSRC and C-V2X OBUs and RSUs used in USDOT CV Pilots and other State and Local DOT projects across the United States.  For more information, please visit www.ghsiss.com.

North American Sales Contact:
INTEGRITY Security Services
30 W Sola St
Santa Barbara, CA 93101
Tel: +1-888-951-4477
Website: www.ghsiss.com
Email: info@ghsiss.com

Green Hills, the Green Hills logo, INTEGRITY Security Services, the INTEGRITY Security Services logo and INTEGRITY are trademarks or registered trademarks of Green Hills Software and/or INTEGRITY Security Services in the US and/or internationally. ISS, CMS, the ISS CMS logo, and DLM are trademarks or registered trademarks of INTEGRITY Security Services in the US and/or internationally. All other trademarks (registered or otherwise) are the property of their respective owners.

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SOURCE INTEGRITY Security Services

Ontario International Airport earns triple crown honors for dedication to customers during pandemic

ONTARIO, Calif., Feb. 8, 2021 /PRNewswire/ — For the second time in less than a month and third time since September, Southern California’s Ontario International Airport (ONT) was recognized for dedication to its customers during the COVID-19 pandemic and continuing to deliver a high-quality customer service experience, a significant achievement given the impact of the pandemic on global air travel.

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ONTARIO, Calif., Feb. 8, 2021 /PRNewswire/ — For the second time in less than a month and third time since September, Southern California’s Ontario International Airport (ONT) was recognized for dedication to its customers during the COVID-19 pandemic and continuing to deliver a high-quality customer service experience, a significant achievement given the impact of the pandemic on global air travel.

The «Voice of the Customer» honor bestowed by Airports Council International (ACI) World, the leading trade association for airports worldwide, recognizes airports which continued to «prioritize their customers and remained committed to ensuring that their voice was heard during the COVID-19 pandemic in 2020.»

According to ACI, ONT made significant efforts in gathering passenger feedback which enabled the Inland Empire airport to gain a deeper understanding of its customers’ needs and expectations while delivering a superior customer experience under trying circumstances.

«For much of the past year, we have operated in unchartered territory, but our team of professionals  adjusted course, connected with passengers and remained focused on delivering the first-rate airport experience our customers have come to expect,» said Mark Thorpe, chief executive officer of the Ontario International Airport Authority.

«At the onset of the pandemic, we quickly enhanced protocols to keep our passenger facilities clean, adopted protocols in consultation with public health authorities and worked tirelessly to reassure our customers that they are safe in our airport.

«We are grateful for the loyalty of our customers and recognition from leaders in our industry,» Thorpe added.

The latest honor completes a triple crown for ONT for its work to engage customers, enhance airport procedures and continue to deliver excellence in customer service in the midst of ongoing challenges never before experienced by the aviation industry.

In January, the Montreal-based ACI recognized ONT with The Airport Health Accreditation, for providing a safe airport experience for all travelers in line with recommended health measures and helping to reassure the travelling public that precautions are being taken to reduce any risk to their health.

Last September, ONT earned ACI’s prestigious Customer Service Experience Accreditation for its ability to identify and understand the needs and expectations of airline passengers and airport visitors, all the while enhancing the customer service experience. The Southern California aviation gateway was one of just nine airports in North America – and the only Los Angeles-area airport – to earn the distinction.

About Ontario International Airport
Ontario International Airport (ONT) is the fastest growing airport in the United States, according to Global Traveler, a leading publication for frequent fliers. Located in the Inland Empire, ONT is approximately 35 miles east of downtown Los Angeles in the center of Southern California. It is a full-service airport which, before the coronavirus pandemic, offered nonstop commercial jet service to 26 major airports in the U.S., Mexico and Taiwan. More information is available at www.flyOntario.com. Follow @flyONT on Facebook, Twitter, and Instagram   

About the Ontario International Airport Authority (OIAA)
The OIAA was formed in August 2012 by a Joint Powers Agreement between the City of Ontario and the County of San Bernardino to provide overall direction for the management, operations, development and marketing of ONT for the benefit of the Southern California economy and the residents of the airport’s four-county catchment area. OIAA Commissioners are Ontario Mayor Pro Tem Alan D. Wapner (President), Retired Riverside Mayor Ronald O. Loveridge (Vice President), Ontario City Council Member Jim W. Bowman (Secretary), San Bernardino County Supervisor Curt Hagman (Commissioner) and retired business executive Julia Gouw (Commissioner).

OIAA Media Contact:
Steve Lambert, (909) 841-7527 slambert@flyontario.com

 

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SOURCE Ontario International Airport

Defense Metals Comments on Recent Canadian-US Government Electric Vehicle and Critical Minerals Collaboration Plans

VANCOUVER, BC, Feb. 8, 2021 /PRNewswire/ – Defense Metals Corp. («Defense Metals» or the «Company«) (TSXV: DEFN) (OTCQB: DFMTF) (FSE: 35D) is pleased with recent Canadian-US government integration plans regarding electric vehicles and critical minerals such as Rare Earth Elements.

<a…

VANCOUVER, BC, Feb. 8, 2021 /PRNewswire/ – Defense Metals Corp. («Defense Metals» or the «Company«) (TSXV: DEFN) (OTCQB: DFMTF) (FSE: 35D) is pleased with recent Canadian-US government integration plans regarding electric vehicles and critical minerals such as Rare Earth Elements.

Craig Taylor, CEO of Defense Metals commented:

«As we continue to advance the 1,708 hectare Wicheeda Rare Earth Elements deposit located near Prince George, British Columbia, we are actively engaging with government agencies and affiliated government groups. We expect 2021 to be a busy year for the Company.»

For further information on this North American industry development please read this article: https://www.mining.com/web/trudeau-eyes-leaps-forward-in-integration-with-us-on-evs-critical-minerals/

About the Wicheeda REE Property

The Wicheeda project has indicated mineral resources of 4,890,000 tonnes averaging 3.02% LREO (Light Rare Earth Elements) and inferred mineral resources of 12,100,000 tonnes averaging 2.90% LREO1.

The 1,708 hectare Wicheeda REE Property, located approximately 80 km northeast of the city of Prince George, British Columbia, is readily accessible by all-weather gravel roads and is nearby to infrastructure, including power transmission lines, the CN railway and major highways.

Geologically, the property is situated in the Foreland Belt and within the Rocky Mountain Trench, a major continental geologic feature. The Foreland Belt contains part of a large alkaline igneous province, stretching from the Canadian Cordillera to the southwestern United States, which includes several carbonatite and alkaline intrusive complexes hosting the Aley (niobium), Rock Canyon (REE), and Wicheeda (REE) deposits.

______________________

1 Technical Report on the Wicheeda Property, British Columbia, effective June 27, 2020 and prepared by APEX Geoscience Ltd. (Steven J. Nicholls, B.A. Sc., MAIG and Kristopher J. Raffle, B.Sc., P.Geo) is available under Defense Metals Corp.’s profile on SEDAR (www.sedar.com)

Qualified Person

The scientific and technical information contained in this news release as it relates to the Wicheeda REE Property has been reviewed and approved by Kristopher J. Raffle, P.Geo. (BC) Principal and Consultant of APEX Geoscience Ltd. of Edmonton, AB, a director of Defense Metals and a «Qualified Person» as defined in National Instrument 43-101 – Standards of Disclosure for Mineral Projects.

About Defense Metals Corp.

Defense Metals Corp. is a mineral exploration company focused on the acquisition of mineral deposits containing metals and elements commonly used in the electric power market, military, national security and the production of «GREEN» energy technologies, such as, high strength alloys and rare earth magnets. Defense Metals has an option to acquire 100% of the 1,708 hectare Wicheeda Rare Earth Element Property located near Prince George, British Columbia, Canada. Defense Metals Corp. trades in Canada under the symbol «DEFN» on the TSX Venture Exchange, in the United States, under «DFMTF» on the OTCQB and in Germany on the Frankfurt Exchange under «35D».

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.

Cautionary Statement Regarding «Forward-Looking» Information

This news release contains «forward-looking information or statements» within the meaning of applicable securities laws, which may include, without limitation, statements relating to its plans for its Wicheeda Property, the advancement and development of the Wicheeda Property, engaging with government agencies and affiliated groups, the technical, financial and business prospects of the Company, its project and other matters. All statements in this news release, other than statements of historical facts, that address events or developments that the Company expects to occur, are forward-looking statements. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in the forward-looking statements. Such statements and information are based on numerous assumptions regarding present and future business strategies and the environment in which the Company will operate in the future, including the price of rare earth elements, the ability to achieve its goals, that general business and economic conditions will not change in a material adverse manner, that financing will be available if and when needed and on reasonable terms. Such forward-looking information reflects the Company’s views with respect to future events and is subject to risks, uncertainties and assumptions, including those filed under the Company’s profile on SEDAR at www.sedar.com. While such estimates and assumptions are considered reasonable by the management of the Company, they are inherently subject to significant business, economic, competitive and regulatory uncertainties and risks. Factors that could cause actual results to differ materially from those in forward-looking statements include, but are not limited to, continued availability of capital and financing and general economic, market or business conditions, adverse weather conditions, failure to maintain or obtain all necessary government permits, approvals and authorizations, failure to maintain community acceptance (including First Nations), decrease in the price of rare earth elements, the impact of Covid-19 or other viruses and diseases on the Company’s ability to operate increase in costs, litigation, and failure of counterparties to perform their contractual obligations. The Company does not undertake to update forward-looking statements or forward-looking information, except as required by law.

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SOURCE Defense Metals Corp.

Oregon’s Tualatin Valley Launches «The Great 2021 Getaway Giveaway,» Awarding More Than A Thousand Future Getaways to the Region

BEAVERTON, Ore., Feb. 8, 2021 /PRNewswire-PRWeb/ — Travelers who are eager to travel in 2021 have a new reason to be excited. Oregon’s Tualatin Valley announces the February 15, 2021, launch of «The Great 2021 Getaway Giveaway,» sponsored by the Washington County Visitors Association (WCVA). This new initiative is designed to stimulate Washington County’s hospitality industry, giving wanderlusters an…

BEAVERTON, Ore., Feb. 8, 2021 /PRNewswire-PRWeb/ — Travelers who are eager to travel in 2021 have a new reason to be excited. Oregon’s Tualatin Valley announces the February 15, 2021, launch of «The Great 2021 Getaway Giveaway,» sponsored by the Washington County Visitors Association (WCVA). This new initiative is designed to stimulate Washington County’s hospitality industry, giving wanderlusters an opportunity to win hotel stays in Oregon’s Tualatin Valley.

«The Great 2021 Getaway Giveway» will give more than a thousand lucky winners complimentary future hotel stays in the region, which is renowned for its acclaimed wineries and breweries, numerous scenic nature trails, celebrated restaurants and tax-free shopping. This tremendous giveaway provides a chance to escape to the picturesque destination, scenically situated between Portland and the Oregon Coast.

«2021 comes with a new appreciation for travelers,» said Carolyn McCormick, president and CEO of the Washington County Visitors Association, the destination marketing organization for the area. «With ‘The Great 2021 Getaway Giveaway,’ we look forward to welcoming visitors back this summer.»

«Vaccine deployment will come with a resurgence in traveler confidence,» said Scott Youngblood, general manager of the Embassy Suites Washington Square. «This campaign will inspire regional explorers to take their first trips back into the Tualatin Valley and eventually draw distant visitors back to our tasting rooms, tap rooms, shopping centers, restaurants, hotels and much more.»

McCormick emphasized, «This new initiative is designed to aid in economic recovery of travel and tourism in Oregon’s Tualatin Valley by purchasing more than $330,000 in products from participating hotels, restaurants, wineries and attractions today. By pre-purchasing all of the prizes for the sweepstakes, the WCVA has leveraged our resources for a much needed monetary impact today and to attract travelers in the near future.»

«The Great 2021 Getaway Giveaway» includes a prize total of 2,021 hotel room nights and sweepstakes entry runs from February 15 through June 15, 2021, and travel and accommodations are valid from June 1, 2021 – December 31, 2021. Participants are encouraged to come back each month to enter. Entrants may also share on social media for additional chances to win.

Monthly Entry Periods:
●    February 15 through March 15
●    March 16 through April 15
●    April 16 through May 15
●    May 16 through June 15

Four (4) Grand Prizes*
●    Round-trip airfare for two
●    Rental car voucher
●    Four-night hotel stay
●    Dinner for two at a local, independent restaurant
●    A special gift to complement the stay

*Grand prize winners may be subject to federal, state and local taxes on the prize.

1,002 First Prizes**
●    Two-night hotel stay
●    Dinner for two at a local, independent restaurant
●    A special gift to complement the stay

**First prize winners will be responsible for travel costs and expenses associated with the acceptance and use of the prize.

No purchase necessary. Open to legal residents of the 50 U.S./D.C. (excluding FL, HI, NY, and these counties in Oregon: Clackamas, Columbia, Multnomah, & Washington) who are 21 years of age or older at the time of entry. Void where prohibited. Complete rules and regulations are available at tualatinvalley.org/rules.

«We couldn’t be more grateful for the innovation and leadership of the WCVA as we struggle through the darkest days of the COVID-19 pandemic,» said Scott Youngblood, general manager of the Embassy Suites Washington Square. «This infusion of resource will help our business, our employees and our valued vendor partners as we deliver uncompromising service and safe accommodations to essential travelers.»

In April 2020, the WCVA issued stimulus grants to Washington County hotels of cash payments of $10,000, for a total of $550,000 awarded in grants. This second stimulus from the WCVA includes area restaurants and attractions.

Participating hotels: Aloft Hillsboro-Beaverton, Century Hotel, Courtyard by Marriott Portland Beaverton, Courtyard by Marriott Portland Hillsboro, Courtyard by Marriott Portland Tigard, Embassy Suites-Hillsboro, Embassy Suites Washington Square, Fairfield Inn & Suites by Marriott Portland West/Beaverton, Hampton Inn & Suites Portland/Hillsboro-Evergreen, Hampton Inn Sherwood Portland, Hilton Garden Inn Portland/Beaverton, Holiday Inn Hillsboro, Holiday Inn Portland South, Homewood Suites by Hilton Hillsboro/Beaverton, McMenamins Grand Lodge, Residence Inn by Marriott Portland Hillsboro/Brookwood, SpringHill Suites by Marriott Portland Hillsboro, Staybridge Suites Hillsboro North, Staybridge Suites Hillsboro – Orenco Station, The Grand Hotel at Bridgeport, The Orenco, TownePlace Suites by Marriott Portland Beaverton (see full list at tualatinvalley.org/partners)

About Tualatin Valley
Nestled between Portland and the Oregon Coast, Tualatin Valley is an ideal Pacific Northwest escape, with activities perfect for safe, social distancing. Home to hiking, cycling, camping, farmers markets, award-winning wineries, breweries, dining and more, Tualatin Valley has no shortage of wonderful memory-making adventures. Additionally, in 2020, the Tualatin Valley welcomed two new area viticultural areas (AVAs), the Laurelwood District and Tualatin Hills, further solidifying the region and its 30 estate wineries as a celebrated viticulture destination.

For high-resolution images of the Tualatin Valley, please visit: : tualatinvalley.org/media-press/photo-gallery.

About Washington County Visitors Association
The Washington County Visitors Association (WCVA) is a non-profit destination marketing organization that serves the region’s tourism industry by actively promoting Oregon’s Washington County/Tualatin Valley as a desired tourism destination to business and leisure travelers, sports and event planners, meeting planners and group tour operators. The WCVA is funded by 2.33 percentage of transient lodging tax (TLT) generated and collected in Washington County. The WCVA markets the destination as «The Tualatin Valley.» For more information about Tualatin Valley, visit tualatinvalley.org.

For more information about the WCVA, visit wcva.org.

Media Contact

Sylke Neal-Finnegan, WCVA, +1 503-644-5555, sylke@wcva.org

Carolyn McCormick, WCVA, 252-305-2203, carolyn@wcva.org

Twitter

 

SOURCE Tualatin Valley