Greek Property Promotion

Archive for July, 2016 – Aviation market to reach $6tn within 2036 as Boeing estimates

This year, Boeing has estimated a demand of an overwhelming 39, 620 airplanes over the following 20 years marking a 4.1 percent increase over the forecast of last year.

On the very first day of Farnborough International Airshow 2016, Boeing released its Current Market Outlook. Here, the company predicted that the total valuation of the brand new airplanes would be about $5.9 trillion.

Randy Tinseth, vice president, marketing, Boeing Commercial Airplanes has declared that the aviation industry would witness long-term growth that would lead to doubling of the commercial fleet although the financial markets have been hit of late.

He also said that he was expecting the air passenger traffic to expand by at least 4.8 percent over the next twenty years. The emerging markets triggering growth and reasonably priced aircraft carriers are believed to be the crucial factors that drive the growth of the aviation sector.

As many as 28, 140 new airplanes would be required in order to make this prediction come true. This would mark an increase in the number of airplanes to over 5 percent over the last year.

9,100 airplanes would be required immediately, with a large number of planes that would be sent for replacement in the period between 2021 and 2028.

Boeing has decided to replace the huge airplanes with medium and small-sized ones including the 777x, 777 and 787.

Cargo traffic is expected to grow by 4.2 percent every year. This is one of the main reasons why Boeing Airlines would require 1, 440 converted freighters and 930 new freighters. – UNESCO’s World Heritage List has four new sites

The World Heritage Committee has put four new sites on the World Heritage List. Let’s see which sites are these in the order in which they have been inscribed. Read on.

The Architectural Work of Le Corbusier, an Outstanding Contribution to the Modern Movement (Argentina, Belgium, France, Germany, India, Japan, Switzerland)- Selected from the work of Le Corbusier, the 17 sites comprising this transnational serial property are extended to seven countries and are proof enough of a novel architectural technique far removed from the past. They took a long time to be built, and Le Corbusier called it “patient research”. They were built over a period of a half-century, in the course of what Le Corbusier described as “patient research”. National Museum of Western Art, The Complexe du Capitole in Chandigarh (India), the House of Dr Curutchet in La Plata (Argentina) the Tokyo (Japan), and the Unité d’habitation in Marseille (France) also show how solutions were found out to the problems that arose out of finding new architectural techniques. All these magnificent creations also reflect the internationalization of architectural practices all around the world.
Antigua Naval Dockyard and Related Archaeological Sites (Antigua and Barbuda)— This site has some buildings made in Georgian style . It has very pleasant natural scenery, the bays covered by highlands that prevented the attack of hurricanes was also suitable for getting ships repaired. The British navy would not have been able to construct the Dockyard without the work of the enslaved Africans. The main idea behind it was to preserve the well being of sugar cane planters when European powers were fighting to take control over the Eastern Caribbean.
Pampulha Modern Ensemble (Brazil)—The Pampulha Modern Ensemble was the central part of a wonderful garden city project made in 1940 at Belo Horizonte, the capital of Minas Gerais State. It has a ballroom, a casino the Golf Yacht Club and the beautiful Francisco de Assis church. It also has an artificial lake around it. Architect Oscar Niemeyer created it, along with other artists who had novel ideas. The influence of the Brazilian climate and local traditions can be seen clearly.
Khangchendzonga National Park (India) – It is situated at the centre of the Himalayan range, in Sikkim/. Diversity of plains, lakes, valleys, snow-capped mountains define this national park. It has the world’s third highest peak, Mount Khangchendzonga.. There are various mythological stories attached with this mountain and it is also worshipped by indigenous people of Sikkim. – CSR, World Summit 2016

This CSR, World Summit 2016 in conjunction with the BMAM EXPO Asia 2016 will be a real CSR summit for those who really want to practice CSR in their corporation, community and society at large.  The theme will be on green buildings, soft laws and professionals There will be no invited sponsors such as those transnational corporation who exploiting developing countries, those face-lifting NGOs who fakely love the environment.  There will be no registration fee so that this will be an event for all.  Participants and speakers need to send an application form to us so that an invitation letter will be sent to them directly. – 2017 Global Travel Price Outlook Identifies Key Risks for Global Market

New research out today highlights six key risks heading into 2017 that could impact both travel industry prices and the global economy as a whole. They are emerging market performance, financial market turbulence, geopolitical risks, uncertainty surrounding Brexit, potentially fluctuating U.S. interest rates and oil prices.


“While business travel repeatedly demonstrates its resilience, the high level of global uncertainty we face heading into 2017 means travel buyers have to be more nimble and flexible than ever in crafting travel programs,” said Jeanne Liu, GBTA Foundation vice president for research. “The outlook shows only marginal increases or flat travel prices, but for 2017, the key to building successful travel programs will be watching and reacting to an ever-changing global landscape.”


These findings come from the 2017 Global Travel Price Outlook, research from the GBTA Foundation, the education and research arm of the Global Business Travel Association (GBTA), and leading travel management company Carlson Wagonlit Travel (CWT). The third annual report provides global, regional and country-by-country projections for air travel, hotel, ground transportation and meetings and events prices in 2017.



Kurt Ekert, President and Chief Executive Officer of CWT, said, “We are seeing relatively low, inconsistent and in some cases fragile economic growth.  Travelers and travel managers need to understand their travel patterns and spend, and be alert to the impact of economic uncertainty and volatility.  Proper planning will put them in position to make changes when necessary, and to avoid downside financial risk.”


Airline prices are projected to increase only slightly (2.5 percent) in 2017, while fares may actually fall below 2015 levels in some markets due to continued low oil prices. Ancillary fees will have an increasing impact: they grew to 7.8 percent of global airline revenue in 2015, up from 6.7 percent in 2014 and that trend is set to continue.


  • Asia Pacific, while projected to experience a 1.1 percent decrease in prices, is expected to remain mostly stable throughout 2017, helped by lower fuel prices. Japan and Singapore however, are expected to see a significant impact on airfare pricing given currency exchange rate projections.
  • EMEA is a mixed bag.  It is anticipated that Eastern Europe will see a 4 percent increase in prices due in part to [limited competition prices in Western Europe prices are expected to increase by 0.5 percent and in Middle East and Africa by 2 percent.
  • Latin American and the Caribbean are expected to experience a 1.9 percent decrease in prices.
  • In North America fares are projected to increase 3.7 percent.  Carriers are expected to reinvest some of the profits enabled by low fuel prices to purchase new aircraft and improve their product.


Mega hotel mergers are grabbing headlines, but their impact on prices likely won’t be felt until 2018. Hotel services such as room service, laundry and security remain important to corporate travelers. Traditional hotels, therefore, remain an attractive option for business travelers, despite the sharing economy options.


  • Asia Pacific is expected to see hotel prices fall slightly, by 0.6 percent.
  • EMEA again varies by region as geopolitical issues impact on hotel rates. Also, low oil and gas prices have decreased corporate travel for [the sector, primarily in the Middle East, Africa and Russia. It is anticipated that Eastern Europe prices will fall 2.4 percent, Western Europe prices will increase 1.8 percent, and Middle East and Africa rates will fall slightly, by 0.5 percent.
  • Prices in Latin America and the Caribbean are projected to decrease by 0.9 percent.
  • Overall, North American hotel prices are expected to rise by 4.0 percent in 2017, but it will be a tale of two coasts. West Coast cities, including Seattle, Los Angeles, San Jose and Vancouver, will experience high single- to double-digit growth because of the high-tech boom and a shortage of hotel rooms. Meanwhile, East Coast cities including New York City and Toronto, as well as Canada’s oil and gas region, will face low growth or even a reduction because of an over-supply of hotel rooms.

An intensely competitive climate will dictate continued flat pricing for the global ground transportation sector.


  • Asia Pacific prices are expected to increase slightly, by 0.8 percent.
  • EMEA is projected to remain flat across the board, with a very slight 0.1 percent decrease expected in Western Europe.
  • LATAM prices will edge forward by 0.5 percent.
  • Prices in North America are expected to remain flat in 2017.


Meetings & Events
Modest increases in cost per attendee, per day, for meetings and events are expected for Asia Pacific and North America. Europe is expected to remain flat and Latin America will see a decrease of 10 percent. Group sizes will increase marginally in the 3-6 percent range for Asia Pacific, Europe and North America, while remaining flat in Latin America.