Categoría: Marco carvajal

Implosion in Demand for Personal Mobility Collapses New Vehicle Sales and Ride Hailing Trips in 2020

Ride hailing trips fall by 59% in 1H 2020; new vehicle sales expected to drop by 26% in 2020

LONDON, Dec. 15, 2020 /PRNewswire/ — COVID-19 and the resultant measures taken by government across the world to contain the spread of the virus have collapsed the demand for personal transit, with all mobility modes at the consumer’s disposal contracting significantly in the first half of 2020. Following robust growth of 14% in 2019, the ridehailing market has faced its first significant disruption…

Ride hailing trips fall by 59% in 1H 2020; new vehicle sales expected to drop by 26% in 2020

LONDON, Dec. 15, 2020 /PRNewswire/ — COVID-19 and the resultant measures taken by government across the world to contain the spread of the virus have collapsed the demand for personal transit, with all mobility modes at the consumer’s disposal contracting significantly in the first half of 2020. Following robust growth of 14% in 2019, the ridehailing market has faced its first significant disruption this year, with strict controls on personal mobility, combined with a growing concern over shared spaces resulting in a contraction of over 59% in 1H 2020, finds global tech market advisory firm, ABI Research.

ABI Research www.abiresearch.com

«While it might have been expected that growing consumer concerns around shared spaces would push them back into privately owned cars, this has done little to offset the collapse in new vehicle sales. With the near-total disruption of the bricks and mortar retail channel for new vehicles further compounded by a worsening macroeconomic situation it’s a bleak outlook going into 2021,» says James Hodgson, Principal Analyst at ABI Research

Meanwhile the ridehailing market has effectively come to a standstill, with numerous platforms competing for a larger share of an imploding market. After a brief conceding ground to local competitors, Uber has begun to consolidate its position global position, retaining a market share of around 70% in the US and Western Europe, and over 85% in MEA, made possible by the 2019 Careem acquisition. Similarly, Didi and Grab have maintained commanding market position in their key markets, with Didi having well over 90% of the Chinese market, and Grab holding 63.5% of the Indonesian market, and almost 75% percent of the Vietnamese market.

Nevertheless, despite their dominance of the ridehailing markets in key regions, all these platforms have had to pivot aggressively towards non-ridehailing use-cases, with food and grocery delivery providing some much-needed revenue. Didi launched delivery services in 21 Chinese cities, while Uber reinforced their existing food delivery services via the acquisition of Postmates in July 2020. Food delivery services now account for over half of Grab’s 2020 revenues, with Grab also expanding their GrabMart grocery delivery service from 2 countries to 8 of the countries in which they operate.

This pivot toward delivery services has helped ride hailing platforms maintain driver engagement with their mobility platforms. «In the longer term, ride hailing platforms must accommodate consumer and regulator concerns over the integrity of shared public spaces in order to return the core ride hailing use-case to growth,» Hodgson advises.

Alongside the usual host of measures in the «physical» domain, such as distributing hand sanitizer, mandating masks, and protective screens, ride hailing platforms also have considerable «digital levers» at their command. For example, Uber has introduced a requirement for riders to send a selfie to prove that they are wearing a mask before their trip request is accepted. More fundamentally, ride hailing platforms can deliver robust contact tracing, combining their digitized dispatch with their biometrics-based driver ID to systematically record all contact between their drivers and riders.

These findings are from ABI Research’s Vehicle and Mobility market data report. This report is part of the company’s Smart Mobility & Automotive research service, which includes research, data, and ABI Insights. Market Data spreadsheets are composed of deep data, market share analysis, and highly segmented, service-specific forecasts to provide detailed insight where opportunities lie.

About ABI Research
ABI Research provides strategic guidance to visionaries, delivering actionable intelligence on the transformative technologies that are dramatically reshaping industries, economies, and workforces across the world. ABI Research’s global team of analysts publish groundbreaking studies often years ahead of other technology advisory firms, empowering our clients to stay ahead of their markets and their competitors. 

ABI Research提供开创性的研究和战略指导，帮助客户了解日新月异的技术。 自1990年以来，我们已与全球数百个领先的技术品牌，尖端公司，具有远见的政府机构以及创新的贸易团体建立了合作关系。 我们帮助客户创造真实的业务成果。 

For more information about ABI Research’s services, contact us at +1.516.624.2500 in the Americas, +44.203.326.0140 in Europe, +65.6592.0290 in Asia-Pacific or visit www.abiresearch.com.

Contact Info:                                               

Global                                                             
Deborah Petrara                                                           
Tel: +1.516.624.2558                                                    
pr@abiresearch.com     

Logo – https://mma.prnewswire.com/media/276887/abi_research_logo.jpg  

Implosion in Demand for Personal Mobility Collapses New Vehicle Sales and Ride Hailing Trips in 2020

LONDON, Dec. 15, 2020 /PRNewswire/ — COVID-19 and the resultant measures taken by government across the world to contain the spread of the virus have collapsed the demand for personal transit, with all mobility modes at the consumer’s disposal contracting significantly in the first half of 2020. Following robust growth of 14% in 2019, the ridehailing market has faced its first significant disruption this year, with strict controls on personal mobility, combined with a growing concern over shared…

LONDON, Dec. 15, 2020 /PRNewswire/ — COVID-19 and the resultant measures taken by government across the world to contain the spread of the virus have collapsed the demand for personal transit, with all mobility modes at the consumer’s disposal contracting significantly in the first half of 2020. Following robust growth of 14% in 2019, the ridehailing market has faced its first significant disruption this year, with strict controls on personal mobility, combined with a growing concern over shared spaces resulting in a contraction of over 59% in 1H 2020, finds global tech market advisory firm, ABI Research.

«While it might have been expected that growing consumer concerns around shared spaces would push them back into privately owned cars, this has done little to offset the collapse in new vehicle sales. With the near-total disruption of the bricks and mortar retail channel for new vehicles further compounded by a worsening macroeconomic situation it’s a bleak outlook going into 2021,» says James Hodgson, Principal Analyst at ABI Research

Meanwhile the ridehailing market has effectively come to a standstill, with numerous platforms competing for a larger share of an imploding market. After a brief conceding ground to local competitors, Uber has begun to consolidate its position global position, retaining a market share of around 70% in the US and Western Europe, and over 85% in MEA, made possible by the 2019 Careem acquisition. Similarly, Didi and Grab have maintained commanding market position in their key markets, with Didi having well over 90% of the Chinese market, and Grab holding 63.5% of the Indonesian market, and almost 75% percent of the Vietnamese market.

Nevertheless, despite their dominance of the ridehailing markets in key regions, all these platforms have had to pivot aggressively towards non-ridehailing use-cases, with food and grocery delivery providing some much-needed revenue. Didi launched delivery services in 21 Chinese cities, while Uber reinforced their existing food delivery services via the acquisition of Postmates in July 2020. Food delivery services now account for over half of Grab’s 2020 revenues, with Grab also expanding their GrabMart grocery delivery service from 2 countries to 8 of the countries in which they operate.

This pivot toward delivery services has helped ride hailing platforms maintain driver engagement with their mobility platforms. «In the longer term, ride hailing platforms must accommodate consumer and regulator concerns over the integrity of shared public spaces in order to return the core ride hailing use-case to growth,» Hodgson advises.

Alongside the usual host of measures in the «physical» domain, such as distributing hand sanitizer, mandating masks, and protective screens, ride hailing platforms also have considerable «digital levers» at their command. For example, Uber has introduced a requirement for riders to send a selfie to prove that they are wearing a mask before their trip request is accepted. More fundamentally, ride hailing platforms can deliver robust contact tracing, combining their digitized dispatch with their biometrics-based driver ID to systematically record all contact between their drivers and riders.

These findings are from ABI Research’s Vehicle and Mobility market data report. This report is part of the company’s Smart Mobility & Automotive research service, which includes research, data, and ABI Insights. Market Data spreadsheets are composed of deep data, market share analysis, and highly segmented, service-specific forecasts to provide detailed insight where opportunities lie.

About ABI Research
ABI Research provides strategic guidance to visionaries, delivering actionable intelligence on the transformative technologies that are dramatically reshaping industries, economies, and workforces across the world. ABI Research’s global team of analysts publish groundbreaking studies often years ahead of other technology advisory firms, empowering our clients to stay ahead of their markets and their competitors. 

ABI Research提供开创性的研究和战略指导，帮助客户了解日新月异的技术。 自1990年以来，我们已与全球数百个领先的技术品牌，尖端公司，具有远见的政府机构以及创新的贸易团体建立了合作关系。 我们帮助客户创造真实的业务成果。 

For more information about ABI Research’s services, contact us at +1.516.624.2500 in the Americas, +44.203.326.0140 in Europe, +65.6592.0290 in Asia-Pacific or visit www.abiresearch.com.

Contact Info:                                               

Global                                                             
Deborah Petrara                                                           
Tel: +1.516.624.2558                                                    
pr@abiresearch.com     

Cision View original content to download multimedia:http://www.prnewswire.com/news-releases/implosion-in-demand-for-personal-mobility-collapses-new-vehicle-sales-and-ride-hailing-trips-in-2020-301192649.html

SOURCE ABI Research

Automotive Heat Shield Market Size Worth $15.2 Billion By 2027: Grand View Research, Inc.

SAN FRANCISCO, Dec. 15, 2020 /PRNewswire/ — The global automotive heat shield market size is expected to reach USD 15.2 billion by 2027, according to a new report by Grand View Research Inc. It is…

SAN FRANCISCO, Dec. 15, 2020 /PRNewswire/ — The global automotive heat shield market size is expected to reach USD 15.2 billion by 2027, according to a new report by Grand View Research Inc. It is expected to expand at a CAGR of 3.6% from 2020 to 2027. Growing product utilization in the production of modern-day electric vehicles to improve heat dissipation is expected to drive the market over the forecast period.

Grand_View_Research_Logo

The rise in demand for electric vehicles is expected to have a positive impact on product demand. Rising product utilization to dissipate the heat generated by the battery pack, coupled with the rising focus on improving the travel range of the electric vehicles, is expected to drive the market over the forecast period.

Key suggestions from the report:

  • In China, the metallic material segment is expected to expand at a CAGR of 4.4% over the forecast period on account of its robust heat dissipation property and growing adoption in the production of eclectic vehicles
  • In 2019, the under chassis application segment in North America generated a revenue of USD 327.6 million owing to its wide-ranging use to control the temperature within the vehicle cabin and improve the passenger comfort
  • In Germany, the market for automotive heat shield is anticipated to reach USD 1.5 billion by 2027 on account of increasing restrictions on controlling vehicular emissions, coupled with the growing adoption of electric vehicles within the country
  • In India, the passenger car vehicle type segment is expected to expand at a CAGR of 5.4% over the forecast period owing to the rapid growth of automotive production in the country, coupled with its emergence as one of the major passenger car exporters across the world
  • Technological advancements in the production process have assisted the manufacturers to significantly reduce the product weight, improve durability, and decrease the overall manufacturing cost associated with the product.

Read 102 page research report with ToC on «Automotive Heat Shield Market Size, Share & Trends Analysis Report By Product (Single Shell, Double Shell, Sandwich), By Application, By Material, By Vehicle Type, By Region, And Segment Forecasts, 2020 – 2027» at: https://www.grandviewresearch.com/industry-analysis/automotive-heat-shield-market

Growing regulatory support in the form of rebates and subsidies for promoting the adoption of electric vehicles in various parts of the world is expected to have a positive impact on market growth. Furthermore, the Government of China’s pledge to become a carbon-neutral economy by the year 2060 is further projected to drive the product demand over the forecast period.

Key players in the global market are actively collaborating with the automotive manufacturers to improve the thermal performance of the vehicle along with its fuel efficiency. DuPont, Zircotec, Dana Incorporated, and Morgan Advanced Materials are some of the notable companies that are collaborating with the leading automotive manufacturers across the world.

Grand View Research has segmented the global automotive heat shield market on the basis of product, application, material, vehicle type, and region:

  • Automotive Heat Shield Product Outlook (Revenue, USD Million, 2016 – 2027)
    • Single Shell
    • Double Shell
    • Sandwich
  • Automotive Heat Shield Application Outlook (Revenue, USD Million, 2016 – 2027)
    • Exhaust System
    • Turbocharger
    • Under Bonnet
    • Engine Compartment
    • Under Chassis
  • Automotive Heat Shield Material Outlook (Revenue, USD Million, 2016 – 2027)
    • Metallic
    • Non-metallic
  • Automotive Heat Shield Vehicle Type Outlook (Revenue, USD Million, 2016 – 2027)
    • Passenger Car
    • Light Commercial Vehicle
    • Heavy Commercial Vehicle
    • Electric Vehicles
  • Automotive Heat Shield Regional Outlook (Revenue, USD Million, 2016 – 2027)
    • North America
      • U.S.
      • Canada
      • Mexico
    • Europe
      • Germany
      • U.K.
      • France
      • Italy
      • Spain
    • Asia Pacific
      • China
      • India
      • Japan
      • South Korea
    • Central & South America
      • Brazil
    • Middle East & Africa
      • Saudi Arabia

List of Key Players of Automotive Heat Shield Market

  • DuPont
  • Dana Incorporated
  • Zircotec
  • Morgan Advanced Materials
  • Autoneum
  • ElringKlinger AG
  • Lydall Inc.
  • Tenneco Inc.
  • Carcoustics
  • UGN Inc.

Find more research reports on Advanced Interior Materials Industry, by Grand View Research:

  • Aluminum Die Casting Market – The global aluminum die casting market size was valued at USD 24.91 billion in 2018 and is expected to register a CAGR of 10.1% from 2019 to 2025. Demand from growing building and construction sector and increasing aluminum content in vehicles are the key drivers.
  • High-Temperature Insulation Market – The global high-temperature insulation market size was estimated at USD 4.44 billion in 2018 and is estimated to expand at a CAGR of 7.8% over the forecast period. Rising awareness regarding energy conservation is estimated to drive the market.
  • Aluminum Composite Panels Market – The global Aluminum Composite Panels market size was valued at USD 5.34 billion in 2018 and is expected to exhibit a CAGR of 6.4% from 2018 to 2025. Increasing the application scope of lightweight aluminum composite panels in the construction industry is driveing the market.

Gain access to Grand View Compass, our BI enabled intuitive market research database of 10,000+ reports

About Grand View Research

Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.

Contact:

Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc.
Phone: 1-415-349-0058
Toll Free: 1-888-202-9519
Email: sales@grandviewresearch.com
Web: https://www.grandviewresearch.com
Follow Us: LinkedIn | Twitter

Logo: https://mma.prnewswire.com/media/661327/Grand_View_Research_Logo.jpg

Automotive Heat Shield Market Size Worth $15.2 Billion By 2027: Grand View Research, Inc.

SAN FRANCISCO, Dec. 15, 2020 /PRNewswire/ — The global automotive heat shield market size is expected to reach USD 15.2 billion by 2027, according to a new report by Grand View Research Inc. It is…

SAN FRANCISCO, Dec. 15, 2020 /PRNewswire/ — The global automotive heat shield market size is expected to reach USD 15.2 billion by 2027, according to a new report by Grand View Research Inc. It is expected to expand at a CAGR of 3.6% from 2020 to 2027. Growing product utilization in the production of modern-day electric vehicles to improve heat dissipation is expected to drive the market over the forecast period.

Grand_View_Research_Logo

The rise in demand for electric vehicles is expected to have a positive impact on product demand. Rising product utilization to dissipate the heat generated by the battery pack, coupled with the rising focus on improving the travel range of the electric vehicles, is expected to drive the market over the forecast period.

Key suggestions from the report:

  • In China, the metallic material segment is expected to expand at a CAGR of 4.4% over the forecast period on account of its robust heat dissipation property and growing adoption in the production of eclectic vehicles
  • In 2019, the under chassis application segment in North America generated a revenue of USD 327.6 million owing to its wide-ranging use to control the temperature within the vehicle cabin and improve the passenger comfort
  • In Germany, the market for automotive heat shield is anticipated to reach USD 1.5 billion by 2027 on account of increasing restrictions on controlling vehicular emissions, coupled with the growing adoption of electric vehicles within the country
  • In India, the passenger car vehicle type segment is expected to expand at a CAGR of 5.4% over the forecast period owing to the rapid growth of automotive production in the country, coupled with its emergence as one of the major passenger car exporters across the world
  • Technological advancements in the production process have assisted the manufacturers to significantly reduce the product weight, improve durability, and decrease the overall manufacturing cost associated with the product.

Read 102 page research report with ToC on «Automotive Heat Shield Market Size, Share & Trends Analysis Report By Product (Single Shell, Double Shell, Sandwich), By Application, By Material, By Vehicle Type, By Region, And Segment Forecasts, 2020 – 2027» at: https://www.grandviewresearch.com/industry-analysis/automotive-heat-shield-market

Growing regulatory support in the form of rebates and subsidies for promoting the adoption of electric vehicles in various parts of the world is expected to have a positive impact on market growth. Furthermore, the Government of China’s pledge to become a carbon-neutral economy by the year 2060 is further projected to drive the product demand over the forecast period.

Key players in the global market are actively collaborating with the automotive manufacturers to improve the thermal performance of the vehicle along with its fuel efficiency. DuPont, Zircotec, Dana Incorporated, and Morgan Advanced Materials are some of the notable companies that are collaborating with the leading automotive manufacturers across the world.

Grand View Research has segmented the global automotive heat shield market on the basis of product, application, material, vehicle type, and region:

  • Automotive Heat Shield Product Outlook (Revenue, USD Million, 2016 – 2027)
    • Single Shell
    • Double Shell
    • Sandwich
  • Automotive Heat Shield Application Outlook (Revenue, USD Million, 2016 – 2027)
    • Exhaust System
    • Turbocharger
    • Under Bonnet
    • Engine Compartment
    • Under Chassis
  • Automotive Heat Shield Material Outlook (Revenue, USD Million, 2016 – 2027)
    • Metallic
    • Non-metallic
  • Automotive Heat Shield Vehicle Type Outlook (Revenue, USD Million, 2016 – 2027)
    • Passenger Car
    • Light Commercial Vehicle
    • Heavy Commercial Vehicle
    • Electric Vehicles
  • Automotive Heat Shield Regional Outlook (Revenue, USD Million, 2016 – 2027)
    • North America
      • U.S.
      • Canada
      • Mexico
    • Europe
      • Germany
      • U.K.
      • France
      • Italy
      • Spain
    • Asia Pacific
      • China
      • India
      • Japan
      • South Korea
    • Central & South America
      • Brazil
    • Middle East & Africa
      • Saudi Arabia

List of Key Players of Automotive Heat Shield Market

  • DuPont
  • Dana Incorporated
  • Zircotec
  • Morgan Advanced Materials
  • Autoneum
  • ElringKlinger AG
  • Lydall Inc.
  • Tenneco Inc.
  • Carcoustics
  • UGN Inc.

Find more research reports on Advanced Interior Materials Industry, by Grand View Research:

  • Aluminum Die Casting Market – The global aluminum die casting market size was valued at USD 24.91 billion in 2018 and is expected to register a CAGR of 10.1% from 2019 to 2025. Demand from growing building and construction sector and increasing aluminum content in vehicles are the key drivers.
  • High-Temperature Insulation Market – The global high-temperature insulation market size was estimated at USD 4.44 billion in 2018 and is estimated to expand at a CAGR of 7.8% over the forecast period. Rising awareness regarding energy conservation is estimated to drive the market.
  • Aluminum Composite Panels Market – The global Aluminum Composite Panels market size was valued at USD 5.34 billion in 2018 and is expected to exhibit a CAGR of 6.4% from 2018 to 2025. Increasing the application scope of lightweight aluminum composite panels in the construction industry is driveing the market.

Gain access to Grand View Compass, our BI enabled intuitive market research database of 10,000+ reports

About Grand View Research

Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.

Contact:

Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc.
Phone: 1-415-349-0058
Toll Free: 1-888-202-9519
Email: sales@grandviewresearch.com
Web: https://www.grandviewresearch.com
Follow Us: LinkedIn | Twitter

 

Cision View original content:http://www.prnewswire.com/news-releases/automotive-heat-shield-market-size-worth-15-2-billion-by-2027-grand-view-research-inc-301192633.html

SOURCE Grand View Research, Inc.

Millat Announces Opening Of Hyatt Regency Cape Town

Rapid and successful refurbishment of 137-room hotel enables opening before Christmas

CAPE TOWN, Dec. 15, 2020 /PRNewswire/ — Millat Properties («Millat»), the South African real estate company, is pleased to announce the opening of Hyatt Regency Cape Town, the first Hyatt-branded property in the ‘Mother City’.

<img id="prnejpg4e45left" title="Hyatt Regency Cape Town Hotel Room" border="0"…

Rapid and successful refurbishment of 137-room hotel enables opening before Christmas

CAPE TOWN, Dec. 15, 2020 /PRNewswire/ — Millat Properties («Millat»), the South African real estate company, is pleased to announce the opening of Hyatt Regency Cape Town, the first Hyatt-branded property in the ‘Mother City’.

Hyatt Regency Cape Town Hotel Room

The hotel will welcome guests with newly renovated rooms and public areas while the full refurbishment is expected to be completed in the coming months. The renovations have been led by Millat working closely with the Hyatt team and award-winning, international interior designers – LW Design Group.

We set ourselves the challenge of opening an international grade hotel before Christmas to give an economic and momentum boost to Cape Town and South Africa. It is a highly anticipated opening in the country. A promise was made and was delivered upon.

The pandemic has led to a pause in the capital being deployed by international investors, but we have continued to invest during these difficult times. New jobs have been and will be created as a result of our vision and investment in Hyatt Regency Cape Town. The hotel opening will only encourage both domestic and international tourism.

Millat is recognized as getting the job done and bringing solutions. Our pipeline of business opportunities, reflecting our optimism about the post-Covid economic landscape, continues to build. We are reviewing and progressing due diligence on various projects, both in South Africa and internationally, where they fit our criteria and opportunities for value arbitrage exist.

Located in the bustling Bo-Kaap neighborhood only a few minutes from Table Mountain, V&A Waterfront and Robben Island Ferry, Hyatt Regency Cape Town will provide all the tools to stay connected and energized to its guests. Designed for productivity and peace of mind, Hyatt Regency Cape Town boasts a memorable culinary experience and flexible spaces to work, collaborate or relax. To make travel free from stress, expansive technology-enabled facilities for meetings and events are provided, and expert planners anticipate every detail of a guest’s stay.

Millat extends its thanks to Hyatt and the Department of Trade, Industry and Competition for their respective collaborations in this successful venture.

Hamza Farooqui, Chief Executive Officer of Millat Properties, commented:

«It has been fantastic to work with the team at Hyatt. To open on time, as promised, despite the extraordinary circumstances of 2020 is testament to the hard work of everyone involved. With Hyatt Regency Cape Town now up and running in its iconic location – we look forward to progressing other opportunities for the benefit of South Africa, and internationally.»

Peter Fulton, Group President EAME/SWA at Hyatt, said:

«We are extremely excited to welcome guests to the first Hyatt hotel in Cape Town. For business travelers, the hotel provides easy access to the financial district and Cape Town International Convention Centre, while its location in the colorful Bo-Kaap neighborhood makes it a great base for leisure travelers, too. The hotel’s tranquil ambiance and modern design will ensure a stress-free guest experience and we are proud that we can now offer the renowned seamless and personalized experiences, that the Hyatt Regency brand is known for, to visitors to South Africa.»

«This is also one of the quickest openings we’ve had. We have been delighted to work with an owner who knows the hotel business and how to operate in-country.»

Yunus Hoosen, Head of Investment Promotion at the Department of Trade, Industry and Competition, said:

«It is fantastic to see the Hyatt Regency Cape Town open its doors for the first time and show South Africa is very much open for business. We are confident of welcoming other international brands and companies and building on this positive momentum for the hospitality sector and South Africa. Tourism and the hospitality sector is now on a rebound and important drivers for our economic recovery and job creation.»

Rick Ross, Global Chair of Hotels & Leisure at Dentons, lead counsel on the negotiation of the management agreement with Hyatt, commented:

«The Farooqui family has great pride of ownership regarding this hotel, and I am proud to have helped them negotiate their agreement with Hyatt. I know Hyatt really appreciates working with sophisticated owners who share their goals for financial success, but also their brand values, and their commitment to guests, employees, and the wider community. These are values the Farooqui family feels strongly about too – and are the foundation for a great long-term relationship between Hyatt and the Farooqui family.»

Pooja Shah-Mulani, Design Director, LW, who coordinated the redesign of the hotel, said:

«We are so thrilled to be working with Millat and Hyatt on this project in the beautiful city of Cape Town. It is our first project on the continent and has been a unique experience so far. We were tasked to create a fresh new look that was simple, refined yet comfortable. Given the incredibly fast turnaround and a ‘post Covid opening’ it was a great opportunity to think of design in a different way. We have thought of materials and applications to give a maximum impact with minimum disruption and the result has been phenomenal.» 

Notes to Editors

About Millat Properties

Millat Properties is part of Millat Group – a private family office which uses its own balance sheet to bring clever and entrepreneurial solutions to complex commercial problems. The Group has a strong investment portfolio which includes real estate, direct investments, and private equity holdings. It owns flagship assets in South Africa and internationally. It deploys its capital and know-how on assets and sectors it deeply understands. Its sectors of expertise include real estate, hospitality, technology, and financial services.

For more information, please visit: www.millatinvest.com

Hamza Farooqui, Chief Executive Officer of Millat Properties

Photo – https://mma.prnewswire.com/media/1385708/Cape_Hyatt_Regency.jpg
Photo – https://mma.prnewswire.com/media/1385709/Hamza_Farooqui.jpg

Millat Announces Opening Of Hyatt Regency Cape Town

CAPE TOWN, Dec. 15, 2020 /PRNewswire/ — Millat Properties («Millat»), the South African real estate company, is pleased to announce the opening of Hyatt Regency Cape Town, the first Hyatt-branded property in the ‘Mother City’.

CAPE TOWN, Dec. 15, 2020 /PRNewswire/ — Millat Properties («Millat»), the South African real estate company, is pleased to announce the opening of Hyatt Regency Cape Town, the first Hyatt-branded property in the ‘Mother City’.

The hotel will welcome guests with newly renovated rooms and public areas while the full refurbishment is expected to be completed in the coming months. The renovations have been led by Millat working closely with the Hyatt team and award-winning, international interior designers – LW Design Group.

We set ourselves the challenge of opening an international grade hotel before Christmas to give an economic and momentum boost to Cape Town and South Africa. It is a highly anticipated opening in the country. A promise was made and was delivered upon.

The pandemic has led to a pause in the capital being deployed by international investors, but we have continued to invest during these difficult times. New jobs have been and will be created as a result of our vision and investment in Hyatt Regency Cape Town. The hotel opening will only encourage both domestic and international tourism.

Millat is recognized as getting the job done and bringing solutions. Our pipeline of business opportunities, reflecting our optimism about the post-Covid economic landscape, continues to build. We are reviewing and progressing due diligence on various projects, both in South Africa and internationally, where they fit our criteria and opportunities for value arbitrage exist.

Located in the bustling Bo-Kaap neighborhood only a few minutes from Table Mountain, V&A Waterfront and Robben Island Ferry, Hyatt Regency Cape Town will provide all the tools to stay connected and energized to its guests. Designed for productivity and peace of mind, Hyatt Regency Cape Town boasts a memorable culinary experience and flexible spaces to work, collaborate or relax. To make travel free from stress, expansive technology-enabled facilities for meetings and events are provided, and expert planners anticipate every detail of a guest’s stay.

Millat extends its thanks to Hyatt and the Department of Trade, Industry and Competition for their respective collaborations in this successful venture.

Hamza Farooqui, Chief Executive Officer of Millat Properties, commented:

«It has been fantastic to work with the team at Hyatt. To open on time, as promised, despite the extraordinary circumstances of 2020 is testament to the hard work of everyone involved. With Hyatt Regency Cape Town now up and running in its iconic location – we look forward to progressing other opportunities for the benefit of South Africa, and internationally.»

Peter Fulton, Group President EAME/SWA at Hyatt, said:

«We are extremely excited to welcome guests to the first Hyatt hotel in Cape Town. For business travelers, the hotel provides easy access to the financial district and Cape Town International Convention Centre, while its location in the colorful Bo-Kaap neighborhood makes it a great base for leisure travelers, too. The hotel’s tranquil ambiance and modern design will ensure a stress-free guest experience and we are proud that we can now offer the renowned seamless and personalized experiences, that the Hyatt Regency brand is known for, to visitors to South Africa.»

«This is also one of the quickest openings we’ve had. We have been delighted to work with an owner who knows the hotel business and how to operate in-country.»

Yunus Hoosen, Head of Investment Promotion at the Department of Trade, Industry and Competition, said:

«It is fantastic to see the Hyatt Regency Cape Town open its doors for the first time and show South Africa is very much open for business. We are confident of welcoming other international brands and companies and building on this positive momentum for the hospitality sector and South Africa. Tourism and the hospitality sector is now on a rebound and important drivers for our economic recovery and job creation.»

Rick Ross, Global Chair of Hotels & Leisure at Dentons, lead counsel on the negotiation of the management agreement with Hyatt, commented:

«The Farooqui family has great pride of ownership regarding this hotel, and I am proud to have helped them negotiate their agreement with Hyatt. I know Hyatt really appreciates working with sophisticated owners who share their goals for financial success, but also their brand values, and their commitment to guests, employees, and the wider community. These are values the Farooqui family feels strongly about too – and are the foundation for a great long-term relationship between Hyatt and the Farooqui family.»

Pooja Shah-Mulani, Design Director, LW, who coordinated the redesign of the hotel, said:

«We are so thrilled to be working with Millat and Hyatt on this project in the beautiful city of Cape Town. It is our first project on the continent and has been a unique experience so far. We were tasked to create a fresh new look that was simple, refined yet comfortable. Given the incredibly fast turnaround and a ‘post Covid opening’ it was a great opportunity to think of design in a different way. We have thought of materials and applications to give a maximum impact with minimum disruption and the result has been phenomenal.» 

Notes to Editors

About Millat Properties

Millat Properties is part of Millat Group – a private family office which uses its own balance sheet to bring clever and entrepreneurial solutions to complex commercial problems. The Group has a strong investment portfolio which includes real estate, direct investments, and private equity holdings. It owns flagship assets in South Africa and internationally. It deploys its capital and know-how on assets and sectors it deeply understands. Its sectors of expertise include real estate, hospitality, technology, and financial services.

For more information, please visit: www.millatinvest.com

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SOURCE Millat Properties

Dineout goes bold with an open challenge of #BestOffersForFree with the Great Dineout Challenge

  • Get minimum 20% off at top restaurants – no paid memberships, OTPs, coupons or conditions
  • Get a free meal in case one finds a better deal on dining out on any other platform
  • A 10-day open challenge from Dec 10 to Dec 20, 2020 at 3000+ restaurants

NEW DELHI, Dec. 15, 2020 /PRNewswire/ —

…

  • Get minimum 20% off at top restaurants – no paid memberships, OTPs, coupons or conditions
  • Get a free meal in case one finds a better deal on dining out on any other platform
  • A 10-day open challenge from Dec 10 to Dec 20, 2020 at 3000+ restaurants

NEW DELHI, Dec. 15, 2020 /PRNewswire/ —

With the F&B industry making a comeback this festive season welcoming patrons to restaurants for a safe & hygienic dining experience, Dineout, India’s largest dining out and restaurant tech platform, has put out an open challenge to users with their Great Dineout Challenge to further help boost the restaurant industry. Dineout has challenged users to find a better deal on any other dining out platform from 10th to 20th Dec and they will give users a free meal! 

They are offering: 

  • Minimum 20% Instant Discount via their payment feature Dineout Pay
  • With an additional 10% off using PromoCash in users’ Dineout wallet
  • And a Rs. 500 cashback on minimum bill payments of Rs. 1000

at participating restaurants across 20 cities. So for a bill of Rs. 1000, a user saves Rs. 800 which is by far a very bold move by Dineout and offering a competitive offer without affecting the restaurant’s earnings. With the Great Dineout Challenge, they’ve set a high benchmark for all their competitors where they are providing offers to users for free with no strings attached, without any paid memberships, coupons, OTPs, etc. This challenge is available at popular restaurants like Mamagoto, Cafe Delhi Heights, Punjab Grill, Lord of the Drinks, Barbeque Nation, SodaBottleOpenerWala & more. 

Video: https://www.youtube.com/watch?v=uKVlD8WAJMg&feature=youtu.be

After announcing the campaign, users on the internet have shown much enthusiasm and are looking forward to this open challenge. 

https://twitter.com/dineout_india/status/1336292696030253056?s=20

Additionally offers at their premium restaurant partners on Dineout Passport, a premium member subscription program, have been made free for trial to all users during this 10 day sale. This will enable access to their 100M+ users to the most luxurious dining experiences and give them a taste of what being a premium user feels like.

«The restaurant industry needed an added boost to survive this brutal year with the majority of the businesses affected or shut. Everyone loves a challenge and cannot resist the temptation to give it a try. So we at Dineout put on our thinking hats and laid out an open challenge to foodies acrossIndia with the best offers for free with no strings attached minusthe hassles of paid memberships, OTPs, coupons codes, conditions or referrals! Through this campaign we are giving people a reason to dine out and enjoy the festive season,» Ankit Mehrotra, CEO & Co-founder of Dineout said. 

Dineout is playing an instrumental role in enabling #SafeToEatOut for its users at their partner restaurants by enabling Contactless Dining with QR codes. Also ensuring safety of the diners by creating awareness about safety measures taken by partner restaurants. 

About Dineout 

Dineout is India’s largest dining out and restaurant tech solutions platform in B2C and with inresto in the B2B front, processing more than 100M diners and $900M worth of transactions for its partner restaurants across its network of 50,000 restaurants in 20 cities, providing a collective savings of more than $100M on restaurant bills annually. Founded in 2012 by Ankit Mehrotra, Nikhil Bakshi, Sahil Jain and Vivek Kapoor, Dineout is a pioneer in Contactless Dining with the easiest way to discover the best restaurants in the city, save time & hassle by booking a table in advance, get discounts, enjoy 1+1 privileges on Food, Drink & Buffets through Dineout Passport, as well as earn instant discounts on every restaurant bill payment via Dineout Pay. For more information, please visit – https://www.dineout.co.in/

 

Due to the hard lock-down, Kamux’s car sales go online in Germany

HELSINKI, Dec. 15, 2020 /PRNewswire/ — Due to the coronavirus and epidemic situation in Germany, from December 16th, 2020 the state closes down retail stores extensively in the country excluding only the most essential shops. According to the current information, the lock-down will last until January 10th, 2021. An extension could be possible, it will depend on the incidence of…

HELSINKI, Dec. 15, 2020 /PRNewswire/ — Due to the coronavirus and epidemic situation in Germany, from December 16th, 2020 the state closes down retail stores extensively in the country excluding only the most essential shops. According to the current information, the lock-down will last until January 10th, 2021. An extension could be possible, it will depend on the incidence of infections.

This lock-down means that also Kamux will have to close its eight stores in Germany. 

«We have already experienced one lock-down in Germany during this spring. Again, we will change over to online and remote selling entirely. Despite the circumstances, we can offer good customer service and do car sales through digital channels with our committed and skilled remote sales team,» says Ilkka Virtanen, Director of International Business, Kamux.

«This is unfortunate but the situation in Germany is worrying. Preventing the epidemic from spreading any further is the top priority. We have virtual presence for our customers in every city we operate in Germany. Visiting brick and mortar stores is not a prerequisite for car buying. Today’s technologies enable safe and flexible ways to do business,» says Aleksandar Amann, Country Director of Kamux Germany.

More information:

Ilkka Virtanen, Kamux Corporation, Director of International Business, tel. +358 40 727 5856

Aleksandar Amann, Kamux Germany, Country Director, tel. +49 170 993 4040

Kamux Corporation is a retail chain specializing in the sale of used cars and related integrated services that has grown rapidly. Kamux combines online shopping with an extensive showroom network to provide its customers with a great service experience anytime, anywhere. In addition to digital channels, the company has total of 78 car showrooms in Finland, Sweden and Germany. Since its founding, the company has sold approximately 300,000 used cars, 55,432 of which were sold in 2019. Kamux’s revenue reached EUR 658.5 million in 2019. In 2019, Kamux’s average number of employees was 595 in terms of full-time equivalent employees. The shares of Kamux are listed on the Nasdaq Helsinki stock exchange.

www.kamux.com

This information was brought to you by Cision http://news.cision.com

https://news.cision.com/kamux/r/due-to-the-hard-lock-down–kamux-s-car-sales-go-online-in-germany,c3254648

 

2021 set to be Slovenia’s year of ‘Green Gastronomy’

LJUBLJANA, Slovenia, Dec. 15, 2020 /PRNewswire/ —

Slovenia named European Region of Gastronomy 2021
The Slovenian Tourism Board are delighted that Slovenia has been named European Region of Gastronomy 2021. Slovenia combines a rich natural larder and historic food traditions with influences spanning Italy in the west, <span…

LJUBLJANA, Slovenia, Dec. 15, 2020 /PRNewswire/ —

Slovenia named European Region of Gastronomy 2021
The Slovenian Tourism Board are delighted that Slovenia has been named European Region of Gastronomy 2021. Slovenia combines a rich natural larder and historic food traditions with influences spanning Italy in the west, Austria in the north and Hungary and Croatia to the east. Pair this with world-class chefs, a new Michelin guide and world leading wines, and you begin to understand why Slovenia is one of Europe’s most exciting new culinary capitals.

The unique advantage of Slovenian chefs is their privileged access to local ingredients. Their culinary philosophy is based on the principle from the ‘garden to table’ and this is a philosophy reflected in the close relationships between chefs and local producers, as well as the deep connections between Slovenian landscapes and traditional culinary experiences.

First ever Michelin guide to Slovenia unveiled
2020 was the year in which the first ever Michelin guide to Slovenia was unveiled. With 52 restaurants mentioned in total and six chefs being awarded a total of seven Michelin stars.

New Slovenian Green Cuisine Label announced
To further underpin Slovenia’s dedication to green gastronomy at all levels, the Slovenian Tourist Board  are announcing a new ‘Slovenian Green Cuisine’ label which will become part of the Green Scheme of Slovenian Tourism. It is a certification programme that celebrates the destinations and service providers placing sustainability at the core of their activities.

Slovenian wine reaches new global heights
Let us not forget Slovenia’s wine as the globe’s oldest vine grows in the Slovenian city of Maribor. Several of Slovenia’s boutique winemakers have been awarded top global prizes for their wines. This year’s Decanter World Wine Awards also saw Slovenia pick up a record number of awards – the orange wine produced in Slovenia’s north east region was named by Decanter as the best in the world.  

Combine this all together and you’ll soon understand why Slovenia is Europe’s must-visit destination for unique and authentic culinary adventures in 2021. The Slovenian Tourist Board launched a new website in 2020 TasteSlovenia.si that tells the full story of gastronomy in Slovenia.  A special section is dedicated to boutique stories of innovative Slovenian chefs and their links to local producers and high-quality ingredients. 

Destination New South Wales – Shoalhaven: Vineyards by the ocean

SYDNEY, Dec. 14, 2020 /PRNewswire/ — Whether visitors are after wine time or want to have a whale of a time, Shoalhaven is the ultimate playground for curious travellers. Just a two-hour drive from Sydney, here they can visit cellar doors, swim with marine life and feast on some of Australia’s most sought-after seafood.

<img id="prnejpg1d57left" title="Coolangatta Estate, Shoalhaven_Credit: Destination NSW"…

SYDNEY, Dec. 14, 2020 /PRNewswire/ — Whether visitors are after wine time or want to have a whale of a time, Shoalhaven is the ultimate playground for curious travellers. Just a two-hour drive from Sydney, here they can visit cellar doors, swim with marine life and feast on some of Australia’s most sought-after seafood.

Coolangatta Estate, Shoalhaven_Credit: Destination NSW

With sweeping ocean on one side and soaring mountains on the other, the Shoalhaven wine region offers scenic road tripping at its best. Head out from Sydney along the Grand Pacific Drive — one of Australia’s prettiest road-trip routes — to discover 18 wineries, 100 extraordinary beaches and incredible national parks in one of the most pristine parts of the New South Wales South Coast.

DRINK

The Shoalhaven is New South Wales’ only coastal wine region, making a truly idyllic setting to hop from vineyard to vineyard. Start the vino journey in Gerringong at Crooked River Wines, nestled in a valley with both mountain and ocean views, before heading to Berry to visit the cellar door at Silos Estate and taste the cool sea breezes of the Shoalhaven region right in the glass. At Shoalhaven Heads, visit the historic Coolangatta Estate Winery, built in 1822 by convicts on the foothills of Mount Coolangatta, and Two Figs Winery which boasts panoramic views of the Shoalhaven River. In Ulladulla, drop by the award-winning Cupitt’s Estate, complete with cellar door, brewery and fromagerie onsite, to sip  cool climate wines on the grassy hilltop.

EAT

Shoalhaven is part of Australia’s Oyster Coast, which means some of the best oysters in the world can be sampled here, plucked straight out of crystal-clear waters. In Shoalhaven Heads, book the premium Oyster Experience at Bangalay Dining to sample Sydney Rock oysters paired with local wine and spirits, or visit Jim Wild’s oyster farm to join a tour and sample the bivalves freshly shucked from the sea. Visitors will find more spectacular seafood in Mollymook at Rick Stein at Bannisters — think fragrant Sri Lankan salmon curry or rich bouillabaisse alongside clifftop ocean views. For fine dining by the vines, Cupitt’s Estate Restaurant offers produce-driven menus, wine and cheese experiences, along with wood-fired pizzas on sunlit lawns. Inland, visit the heritage streets of Milton for upscale lunch at Small Town; thoughtful, vegetarian fare at Pilgrims; and paddock-to-plate dining at Milk Haus in Woodstock. Closer to Sydney, Berry has a range of modern eats — try French bistro classics with a coastal twist at Queen St Eatery and organic sourdough breads and pastries at Milkwood Bakery.

PLAY

Shoalhaven boasts more than 100 stunning beaches so there’s ample coast to swim, surf, paddleboard, plus kayak in the region’s quieter inlets and estuaries. Jervis Bay is famed not only for its whitest sands in the world, but also for the friendly marine life that live in the fringing azure waters. Cruise the coast with Jervis Bay Wild to spot dolphins and whales, or head underwater with Dive Jervis Bay. Shoalhaven’s national parks provide a deep connection to the land; hike to rock pools, spot native animals in Booderee National Park; or see native flora and fauna at Booderee Botanic Gardens, the only Aboriginal-owned botanic gardens in Australia. Explore the cliffs, headlands and sun-soaked beaches of Murramarang National Park, where bird watchers can spot peregrine falcons and sea eagles, and visitors can fish from the beach.

STAY

The Shoalhaven has every kind of stylish stay from bushland glamping to boutique hotels. Cuddle up in the deluxe glamping tents at Paperbark Camp in Jervis Bay; find a beachside haven at Bangalay Luxury Villas at Shoalhaven Heads; or take in clifftop views at Bannisters by the Sea in Mollymook. Visitors can also camp or book a cabin in one of the national parks and wake with the kangaroos surrounded by nature.

For more information, visit sydney.com

Photo – https://mma.prnewswire.com/media/1384510/Coolangatta_Estate__Destination_NSW.jpg