Tuesday, 22 October 2019

UTI Mutual Fund opens a New Financial Centre at Pondicherry














UTI Mutual Fund (UTI MF) announces the opening of a new UTI Financial Centre (UFC) at Pondicherry (UT). The new UFC will be located on No. 20, Savitha Plaza, 100 Feet Road, Anna Nagar, Pondicherry (UT)- 605005 (Telephone 0413-220 3369).
The UFC has been inaugurated recently.  On the occasion, Mr. Imtaiyazur Rahman, Wholetime Director & Acting CEO of UTI Asset Management Company Limited said, “This initiative will enable us to offer our products to a wider segment of the society and help to bring our products and services closer to the doorstep of investors in Pondicherry.”
UTI Mutual Fund reaches out to its investors through its wide distribution network, comprising 160 Financial Centers (UFCs), 302 Business Development Associates and over 50000 Independent Financial Advisors (IFAs) and through tie-ups with several Banks. 
About UTI Mutual Fund
UTI Mutual Fund is a SEBI registered mutual fund whose Sponsors are State Bank of India, Punjab National Bank, Bank of   Baroda   and Life Insurance Corporation of India.
UTI Mutual Fund is one of the largest mutual funds in India with investor accounts of over 1 crore under its 179 domestic schemes / plans as on September 30, 2019.
Mumbai
October 22, 2019,

FundsIndia.com announces “FI Stable Growth 25” a breakthrough algorithm based on MSCI’s risk-weighted methodology


Mumbai, October 22, 2019: FundsIndia, the country’s largest online retail investment platform, announces the launch of its new product- FI Stable Growth 25, a global algorithm adapted for the Indian customers. Based on Morgan Stanley Capital International’s (MSCI) risk-weighted methodology, this unique product has been skillfully crafted by FundsIndia for its Indian investors.
This model works on a rule-based portfolio construction methodology that aims to have focused exposure to 25 low volatile stocks. It is bias-free with automated portfolio rebalancing based on smart and time-tested algorithms.
FI Stable Growth 25 is a defensive rule-based model with a large-cap bias and a preference for low volatile stocks. The model requires a minimum of 5 lakhs for optimal participation with an investment time frame of approximately 5 years.
The model demonstrates consistent performance of more than 12% CAGR if held for 5 years  (on 99% of the occasions).*
Speaking about the product, Mr.Girirajan Murugan, CEO at FundsIndia.com says “Our vision at FundsIndia has always been to be a world-class investment platform while providing an amalgamation of sophisticated investment advice and technology to our customers. With the launch of FI Stable Growth 25, FundsIndia continues to offer exclusive diversified options for our investors. The most exciting part is that the model has historically had relatively lower declines compared to the major indices.”
*Based on last eleven-year back-tested performance
About FundsIndia:
FundsIndia, an initiative of Wealth India Financial Services Pvt. Ltd., is India’s first online-only investment website. A free investment platform, it offers an array of financial products like mutual funds, equities, and deposits. FundsIndia has over 2.9 lakh investors on board, over 6,300+ crores in AUM, and processes 3,10,000+ SIPs every month. FundsIndia also offers value-added services like free financial advisory services, flexible SIPs, trigger-based investing, access to India’s most comprehensive automated advisory service – Money Mitr, and more. Learn more at www.fundsindia.com.

YES BANK wins Digital Payments Award at MEITY Startup Summit 2019


Kolkata, October 22, 2019:  YES BANK, India’s fourth largest private sector bank, won the DigiDhan Mission Digital Payments Award 2018-19 for ‘Overall Performance in Digital Payments’ at the MeitY Startup Summit 2019 held in Delhi today. The award was presented by Chief Guest, Shri Ravi Shankar Prasad, Minister of Communication, Electronics & IT and Law & Justice.
Chief Guest Shri Ravi Shankar Prasad, Minister of Communication, Electronics & IT and Law & Justice presenting the award to a senior YES BANK official
Commenting on the recognition, Ritesh PaiChief Digital Officer, YES BANK said “The prestigious recognition from the Ministry of Electronics and Information Technology (MeitY), is a testament to the Bank’s leadership in the Digital Payments space, backed by robust innovation and technology frameworks. YES BANK is proud to be at the forefront of innovations by bringing futuristic technologies to the present banking system and redefining customer experience.
YES BANK will continue to contextualize digital payments across retail and corporate customers and fuel the transaction growth using payment technologies such as UPI, IMPS, AEPS, NETC and NCMC. As tools like Aadhaar and Digital locker evolve, the Bank shall also focus on creating a paperless, fully digital banking experience to retail customers. The Bank is also expanding geographies into rural areas to reach the hitherto unbanked and under banked through various initiatives with the State Governments.

Zebu launches ‘Zebull’, a hybrid mobile app for better trading experience

Zebu
·       Salient features of the new app includes One click access, advanced charting tools, powerful scanners, comprehensive data, insightful workplace and detailed reports
·       Available at both Android & iOS, the app boasts of strong security features along with a friendly user interface
Chennai, October 22, 2019: Zebu Share and Wealth Managements Pvt Ltd, a leading financial services solution provider in India, recently announced the launch of its hybrid mobile application ‘Zebull’ for investments and trading in India. Zebull is a powerful technology platform, which has smart features that help professionals as well as first time or layman traders and get familiar with all the nitty gritty of trading and investment needs.
Zebull app‘s user-friendly interface enables users to navigate through a plethora of options without any difficulties for all types of needs. With One click’ access, users can easily browse the list of stocks, commodities, currencies, ETF and Mutual Funds which makes it easier to choose the suitable facets as per trader’s need and thus enabling them to handle their own trade in the right way with simple and powerful tools.
V Vijayakumar, Founder & CEO, Zebu said, “In the digital era, it has become imperative for all to make use of safe technology to make lives easier. We are happy to announce the launch of Zebull, first in-house built hybrid mobile app for trading in India. At Zebu, we are focused on innovating and building solutions that ensure a seamless digital experience for our customers across the country. Salient features of the new app includes one click access, advanced charting tools, powerful scanners, comprehensive data, insightful workplace and detailed reports.” 
Zebu guarantees that their new app is one of the most reliable stock trading apps for both Android & iOS platforms, whilst offering assured security to its investors. With a promise of strong security, the app further facilitates safe fund transfer ensuring that the app users are empowered to handle their money for the optimum utilization of funds. Users can now get the real-time benefits of using this app that makes their financial planning easier on the go.
Zebull App features include:
·       All features are built with "One click" access
·       Full day session retention
·       Swipe through navigation
·       Easy FNO access and option chain access
·       One margin for all segments
·       Flash trade / Quick trade settings based on segment
·       Global search
·       Technical chart features
·       Single click Square-off all position
·       Single click Cancel All orders
·       Configurable Index watch
·       All order types enabled
Zebull trading app provides comprehensive features, which are easy to use and thus the app user can feel confident knowing that he/she can handle the options in their own way.
About Zebu Share and Wealth Managements Pvt Ltd:
A leading financial services solution provider in India, headquartered in Chennai and having regional offices across all metro cities and tier 2 cities such as Coimbatore, Erode, Madurai, Hyderabad, Bhubaneshwar, Patna  and Vizag. Started as a Stock Broking business in 2007; offering Internet based trading platform to the customers to execute their orders own. Today Zebu has evolved over the years as an independent entity achieving a rising star status in a short span. Please visit us at http://www.zebuetrade.com/

Flight Update - CAIRO

Following the recent debut of its flagship A380 aircraft to Cairo, Emirates will introduce a regular scheduled commercial A380 service to the Egyptian capital starting from 27 October 2019, four times a week.
The only airline to operate a scheduled A380 service to Cairo, Emirates will replace the 777-300ER aircraft currently operating EK923 and EK924 on Thursday, Friday, Saturday and Sunday, with its flagship aircraft.
Effective
From
To
FLT NBR
DEP
ARR
Days of Ops
Aircraft type
27-Oct-19
DXB
CAI
EK 923
15:00
17:15
4,5,6,7
A380
CAI
DXB
EK 924
19:20
  00:50*
4,5,6,7
A380

Starting 28 October, 2019, we are also increasing the frequency of flights between Dubai and Cairo, adding four additional flights a week to its existing thrice-daily service. The four new flights EK921 and EK922, operating on Monday, Wednesday, Thursday and Saturday, will take the total number of weekly Emirates flights serving Cairo, to 25. Along with the new A380 service, Emirates will now offer 9,200 seats per week in each direction, offering Egyptian travellers even greater connectivity to the world, and boosting trade and tourism into Egypt.

Effective
From
To
FLT NBR
DEP
ARR
Days of Ops
Aircraft type
28-Oct-19
DXB
CAI
EK 921
12:00
14:15
1,3,4,6
B777
CAI
DXB
EK 922
16:15
  21:35*
1,3,4,6
B777

The Emirates Airbus A380 aircraft serving the Dubai-Cairo route will offer a total of 489 seats in a three-class configuration, with 399 spacious seats in Economy Class, 76 fully flat-bed seats in Business Class and 14 First Class Private Suites. Emirates award-winning entertainment system, ICE , offers up to 4,500 channels of audio and visual entertainment, including live TV, movies, TV shows and music. First Class passengers can relax and revitalise in one of the two A380 Shower Spas, and First Class and Business Class passengers are welcome in the On board Lounge to enjoy an extensive range of beverages and delicacies.

Premium customers, and Platinum and Gold Skywards members can additionally enjoy the dedicated Emirates Lounge in Cairo airport which opened in 2018.
Kindly disseminate this information to all concerned.
Emirates - India
22 October 2019

ITC's Fabelle Exquisite Chocolates achieves the title of GUNNESS WORLD RECORDS

ITC’s Fabelle Exquisite Chocolates reveals its limited edition range chocolate ‘Trinity – Truffles Extraordinaire’ which achieves the title of GUINNESS WORLD RECORDS® to become ‘The Most Expensive Chocolate’
~ Co-curated by France’s Legendary, Michelin Star Chef
Philippe Conticini and Fabelle’s Master Chocolatier, Fabelle’s ‘Trinity - Truffles Extraordinaire’ box, priced at £4813/ INR 4.3 lakh approximately for a kilogram, enlivens the mystical concept representing the cycle of life
Hyderabad, 22nd October 2019: Fabelle Exquisite Chocolates, the home-grown luxury chocolate brand from ITC Ltd, acclaimed for creating unparalled chocolate experiences in the country has taken the Indian luxury chocolate market to newer and greater heights. Fabelle has revealed its most expensive chocolate listed under GUINNESS WORLD RECORDS® with the launch of its limited edition Fabelle Trinity - Truffles Extraordinaire. The chocolate was unveiled at a high octane event in ITC Grand Central Mumbai, in the presence of the Legendary, Michelin Star Chef Philippe Conticini - who is credited for numerous innovations over the last three decades and is the co-curator of Fabelle’s Trinity - Truffles Extraordinaire. This range brings alive the cycle of life represented by the Creator, Nurturer and Destroyer in a box of unique handcrafted truffles, each representing a concept.  
The limited edition offering will be encased in a unique, hand-made wooden box, each containing 15 truffles, each weighing approximately 15 gms. The made-to-order box will be available at an indulgent price of INR 1, 00,000 (inclusive of taxes)
The Trinity - Truffles Extraordinaire range that represents the Creator, Nurturer and Destroyer is co-curated by Chef Philippe Conticini and Fabelle’s Master Chocolatiers using some of the rarest ingredients and finest single origin cacaos in the world. Consumers and chocolate connoisseurs in India will experience Fabelle’s signature multi-sensorial and multi- textural experience through this trio of truffles, each of which are an expression of a hero ingredient representing the cycle of life. Like the coconut which symbolizes the beginning in Creator, the rare Jamaican Blue Mountain Coffee in Nurturer or the Grand Cru dark chocolate in Destroyer, each master piece unfolds a mystical story for the Indian consumers to experience.
The Creator Truffle, the first in the series symbolizes the start of the life cycle with creation echoed in the celebration of the complete, resplendent fruit, coconut. The sensorial journey starts with the creamy Belgian white chocolate shells, signifying purity that brings a new form into this world layered with three expressions of coconut; toasted coconut ganache infused with Tahitian vanilla beans, which are extremely rare as only 0.07% of world's vanilla production comes from Tahiti. The roasted coconut crunch, and crispy coconut praline made in Kayambe milk chocolate with a dash of French sea salt is further embellished with a Vanuatu origin milk chocolate, sourced from the ‘far east of the globe’, the cocoa growing area where the sun rises first, symbolizing the beginning/ inception of a creation.
The Nurturer Truffle, the second in the series represents the sun's nurturing energy in its purest and most radiant form that can be felt on the ‘equator’ where coffee and cocoa is grown in abundance. The flavours of these celebrated fruits from the ‘tropic’ have been infused in this creation which has the base of a new type of chocolate made from a blend of Ghana dark chocolate and Jamaican Blue Mountain coffee, a classification of coffee grown in the Blue Mountains of Jamaica which has a reputation for being one of the most expensive and sought-after coffees in the world. The creation is further intricately layered with Jamaican Blue Mountain coffee ganache; a crispy coffee powder crunch and a crunchy coffee-almond praline in shells. Topped elegantly with a pearl of Ruby chocolate, this second creation offers a more mature flavour profile, appealing to the senses and is based on the spiritual principle of learning and progressing through life.
The Destroyer Truffle, the third in the series descends into eternal depths with a truffle that puts cocoa back in the centre as you complete the circle of life. The creation is encased in a shell of Venezuelan 72% dark chocolate with black olive and woody notes, and St Domingue dark chocolate, both sourced from the ‘extreme west’ with spicy and wine notes, representing the agony and the ecstasy of a total eclipse. Inside it are three distinct dense and soft layers; a Grand Cru dark chocolate ganache, Piedmont hazelnut and almond praline and a black pepper infused crunch, finished in a crumpled form. Making the ‘Trinity’ whole.
The launch of the Trinity - Truffles Extraordinaire series is a testament of the brand’s commitment in offering Indian consumers undisputedly extra ordinary chocolate experiences. Two chocolate experts, one a globally celebrated chef and the other an Indian chocolate expert have come together to create this experience. Fabelle’s state-of-the-art manufacturing expertise, single origin cocoa expertise, craftsmanship
of its Master Chocolatiers and in-depth understanding of the Indian chocolate consumer combined with Chef Philippe Conticini’s global understanding and experience in creating unique experiences for global consumers over three decades have come together to create this.
It took months of ideation, extensive research, finding the best ingredients, sourcing them, innumerable trials and putting it all together over relentless days of craftsmanship, all in the pursuit to craft the finest chocolates in India that rival the best in the world. Also, to ensure absolute perfection with the tastes and textures of each Fabelle chocolate creation, the chocolates have been extensively tested.
Since its launch in 2016, Fabelle has been pioneering innovative launches with the endeavour to grow, evolve and develop the Indian chocolate palette and has emerged to be a trendsetter in the luxury chocolate segment. From launching the Elements re-imagined range that is inspired by the 5 elements of nature, the Gianduja range which is inspired by Napolean era’s Italian Delicacy to introducing India to the fourth type of chocolate - the Ruby chocolate to the latest Dark Milk chocolate. Fabelle has been instrumental in crafting chocolates that are inspired by beyond ordinary.
Expressing his delight on setting higher benchmarks for the Indian luxury chocolate market, Mr. Anuj Rustagi - Chief Operating Officer - Chocolates, Confectionary, Coffee and New Categories - Food Division, ITC Limited. said “ We at Fabelle are extremely happy for setting new benchmarks not just in the Indian luxury chocolate market but also now in the world with achieving the GUINNESS WORLD RECORDS featAt Fabelle, handcrafting priceless, uplifting and unmatched tasting experiences for chocolate connoisseurs is at the very heart of who we are. Our emphasis has always been on quality and the approach entirely artisanal and Trinity - Truffles Extraordinaire serves as a perfect testament to the same. This master piece is a reflection of best of both the worlds coming together. With Chef Philippe Conticini’s international expertise and Fabelle’s understanding of Indian chocolate consumer preferences and institutional strength, we have been able to deliver a world-class product which we take pride in.  After several months of R&D, we have delivered a product, in which India can take pride in and stayed committed in our constant endeavour of being at the forefront of introducing Indian consumers to distinct chocolate experiences.”
Sharing his experience on co-curating Trinity with Fabelle, Michelin Star Chef Philippe Conticini, shared “Being a part of something so experiential, thought provoking and innovative has always been my passion.
I am glad to have found a partner in Fabelle to work on a complex and ambitious project in bringing alive the concept of ‘Trinity’ in the form of a Truffle range. It’s heartening to know that with expert Fabelle master chocolatiers, we were able to deliver an unparalleled, first-of-its-kind chocolate product from India, setting a new global benchmark”.
This product will be available on made-to-order basis from October 23rd 2019 onwards. 
Where:
·         Fabelle at The Chocolate Boutique, ITC Kohenur, HITEC City, Madhapur, Hyderabad; 040 47665654
About ITC Foods:
ITC's branded packaged foods business is one of the fastest growing foods businesses and the third largest foods company in India, driven by the market standing and consumer franchise of its popular brands - Aashirvaad, Sunfeast, Bingo!, Yippee!, Kitchens of India, B Natural, Mint-o, Candyman and GumOn. The Foods business is today represented in multiple categories in the market - Staples, Spices, Ready-to-Eat, Snack Foods, Bakery & Confectionery and the newly introduced Juices & Beverages.
ITC's Foods brands delight millions of households with a wide range of differentiated, value-added products developed by leveraging ITC's in-house R&D capabilities, deep consumer understanding, knowledge of preferred Indian tastes, agri-sourcing & packaging strengths, and an unmatched distribution network.
ITC's uncompromising commitment to the health and safety of its consumers ensures adherence to the highest levels of quality, safety and hygiene standards in manufacturing processes and in the supply chain. All ITC-owned manufacturing units are Hazard Analysis and Critical Control Point (HACCP) certified. The quality performance of all manufacturing units is monitored continuously online. Going beyond process control, ITC ensures that quality standards are scrupulously adhered to while choosing ingredients that go into the preparation of its food products.
The business continues to invest in every aspect of manufacturing, distribution and marketing to ensure that it can leverage emerging opportunities and fulfill its aspiration of being the most trusted provider of branded packaged foods in the country. ITC's Foods business also exports its products to the key geographies of North America, Africa, Middle East and Australia.

Mastermind Vikas Gupta Calls Rashmi Jha the strongest


22nd October 2019, Mumbai: MTV Ace Of Space 2 has become one of the most-watched shows on television. With the season finale knocking at the door, the content is becoming more intriguing and keeping the viewers at the edge of their seats.
Rashmi Jha is one of the strongest contestants in the house. From the very beginning, she is seen portraying her true self. She has been appreciated by the Mastermind a lot of times for her will power and her strong determination.
In a media interview at the recently concluded Gold Awards in Mumbai, Vikas Gupta was observed calling her to be one of the strongest contenders to the trophy. Surely, Rashmi has won everyone's heart.
Fans are happy to know that the Mastermind of the show is happy with how Rashmi is conducting herself in the house. In around two weeks, viewers will get to know who takes away the throne.

मास्टरमाइंड विकास गुप्ता ने रश्मि झा को सबसे मजबूत बताया
22 अक्टूबर 2019, मुंबई: एमटीवी का ऐस ऑफ स्पेस2  टेलीविजन का सबसे ज्यादा देखा जाने वाला शो बन गया है। सीजन के समापन के नजदीक आते हुए, शॉ अधिक पेचीदा होती जा रही है और दर्शक इसे काफी पसंद कर रहे है।
रश्मि झा, घर की सबसे मजबूत प्रतियोगियों में से एक हैं। शुरू से ही वह अपने सच्चे आत्म चित्रण में दिखाई देती है। उसे अपनी इच्छा शक्ति और अपने दृढ़ निश्चय के लिए मास्टरमाइंड द्वारा बहुत बार सराहा गया है।
मुंबई में हाल ही में संपन्न हुए गोल्ड अवार्ड में एक मीडिया साक्षात्कार में, विकास गुप्ता ने रश्मि को ट्रॉफी के सबसे मजबूत दावेदारों में से एक के रूप में बताया। यकीनन, रश्मि ने सभी का दिल जीत लिया है।
फैंस यह जानकर खुश हैं कि शो का मास्टरमाइंड रश्मि के संचालन से काफी प्रभावित है। लगभग दो सप्ताह में, दर्शकों को पता चल जाएगा कि सिंहासन कौन ले जाता है।
मास्टरमाइंड विकास गुप्ता रश्मी झा यांना सर्वात बलवान म्हणतात
22 ऑक्टोबर 2019, मुंबईः एमटीव्ही ऐस ऑफ स्पेस 2 हा टेलीव्हिजनमधील सर्वाधिक पाहिलेला कार्यक्रम ठरला आहे. हंगामाच्या अंतिम टप्प्यात दार ठोठावण्यामुळे, सामग्री अधिक वैचित्र्यपूर्ण आणि दर्शकांना त्यांच्या आसनांच्या काठावर ठेवत आहे.
रश्मी झा, घरातील सर्वात मजबूत स्पर्धकांपैकी एक आहे. अगदी सुरुवातीपासूनच ती तिचा खरा स्वभाव साकारताना दिसत आहे. तिच्या इच्छाशक्ती आणि तिच्या दृढ निश्चयाबद्दल तिचे मास्टरमाइंडने बर्‍याच वेळा कौतुक केले.
नुकत्याच पार पडलेल्या मुंबईतील गोल्ड अवॉर्ड्समध्ये झालेल्या माध्यमांच्या मुलाखतीत विकास गुप्ता यांनी ट्रॉफीसाठी राष्मीला सर्वात प्रबळ दावेदार म्हणून संबोधले गेले. नक्कीच, रश्मीने सर्वांचे मन जिंकले आहे.
रश्मी घरात स्वत: कसे चालवित आहे या शोचे मास्टरमाइंड आनंदी आहेत हे जाणून चाहत्यांना आनंद झाला आहे. सुमारे दोन आठवड्यांत, सिंहासन कोण घेते हे दर्शकांना कळेल.

Club Med unveils Switzerland as India’s top snow destination of choice among 59% of Indian snow holiday goers


Results from its APAC Snow Brand Study 2019 reveals top destinations, recent trends and market potential for snow holidays
 
National, 22nd October: Club Med, the premium all-inclusive operator and global snow holiday leader has unveiled the results of their recent Asia-Pacific (APAC) Snow Brand Study 2019[1] as a follow-up from their first snow holiday[2] report in APAC last year. This year’s study took a deeper dive into the habits of snow holiday goers, identifying key insights and influences across 11 markets[3] with 2,200 respondents from India to Australia.
Indian travellers are getting more diverse, adventurous, experimental and are increasingly looking at snow holidays in addition to summer vacations. Switzerland is an aspirational and preferred destination for Indian tourists owing to a plethora of options available across seasons and for varied age groups. Winter sports has witnessed a rise in demand among younger segments with travellers including snow activities in their itineraries. Club Med has unveiled interesting travel patterns of Indians who usually prefer vacationing with family and are highly influenced by friends’ and family’s recommendations when deciding on a snow holiday destination.
Below are India specific key findings from the APAC Snow Brand Study 2019:
India holds the highest percentage of snow holiday goers in APAC who enjoy snow sports
Snowboarding and skiing in India are fairly popular winter sports; Saint-Moritz Roi Soleil in Switzerland, Cervinia in Italy and Les Deux Alpes in France are few destinations that attract skiers of all cadre or learn a lesson or two at the world class Club Med resorts here. The survey revealed that snow holiday goers from India are serious about snow sports, with India holding the highest percentage i.e. 75% of snow holiday vacationers in APAC that enjoy skiing and snowboarding.
India tops the list in travellers who are highly influenced by friends and family when selecting a snow holiday destination
Friends and relatives have been identified as organic image formation agents and word-of-mouth information is one of the most relied upon sources for destination selection. The study indicates that India has the highest number of travellers at 55% who are influenced by friends’ and family’s recommendations when deciding on a snow holiday destination.
Switzerland reigns as India’s snow holiday destination of choice
The survey shows that snow holiday goers from India prefer a European snow vacation as compared to staying in the region. Over 90% of travellers from India (96%), Indonesia (97%), Thailand (93%) and China (90%) are looking to plan a European snow holiday in the next three years. Switzerland has emerged as the top destination of choice for Indians with 59% of Indian snow holiday goers indicating Switzerland as their next preferred snow holiday country. Winter or summer, the Swiss Alps are ideal for family holidays be they for winter sports or a summer experience.
Indian snow holiday goers prefer travelling with a larger family circle as compared to other APAC regions
When it comes to travelling, Indians are the most family-oriented globally and select destinations that offer fun activities for all age groups. The preference leans towards exploring new destinations as a group or with family and not as much as a solo traveller. According to the study, 27% of Indian snow holiday goers prefer travelling with a larger family circle comprising of three generations, much higher than the APAC average of 18%.
”Best time to learn snow sports is at a later age,” says more than half of respondents
Indian snow holiday goers feel that the best time to learn skiing and snowboarding is at a later age. 60% of the respondents feel that it is better to start training for these activities after the age of 8 while 16% believe that it is ideal to begin learning skiing and snowboarding only after 18 years of age.
Commenting on the Asia-Pacific (APAC) Snow Brand Study 2019, Mr. Vijay Sharma, General Manager, Club Med Southeast Asia said, “Club Med has over 70 resorts globally of which 20 are ski resorts making us the largest snow holiday leader in the world. Situated in the best ski locales, our resorts offer après ski activities, over 30 sporting options, non-ski activities like snow trekking, onsen and yoga along with professional ski instructors who provide lessons for different levels; all of which is included during one’s stay at Club Med. We believe that holidays should be easy and hassle free whether it is travelling with family, kids or a group of friends and Club Med caters to this need with its premium all-inclusive proposition. India is an ever evolving market with newer consumer segments and preferences coming into play every year. We have noticed an increasing demand for snow holidays from India with greater emphasis on experiencing winter sports along with local food and surroundings. This has helped anchor our emphasis on providing guests with an all-inclusive snow holiday experience”.
Key global findings from the APAC Snow Brand Study 2019:
Double digit growth in market size with 68% being millennials[4] reveal high growth potential for the snow holiday industry
The market size grew to 151 million snow holiday goers this year, a 10% increase in market size, which is faster than the average tourism market growth of 6%[5]. This highlights a high potential for the snow holiday industry across the globe while close to 68% of snow holiday goers are millennials, one of the world’s largest growing consumer demographic.
Snow holiday goers are chic and affluent, and prioritize creating family moments
About three-quarters of snow holiday goers prefer to travel in style, with 80% willing to pay a premium for comfort. With the target audience being millennial-dominated and 92% of them were found to be family-oriented.
Travellers are looking to longer stays and more frequent visits
Snow holiday goers prefer longer stays to fully enjoy the snow holiday experience, with close to 70% agreeing that at least one week is needed to fully experience all that snow holidays have to offer. The evergreen appeal of snow holidays also keeps travellers coming back for more, with 75% going on a snow holiday at least once every two years.
Almost 80% of snow holiday goers prefer an all-inclusive holiday
Compared to purchasing everything separately, the study revealed that the top three reasons for an all-inclusive holiday preference include the opportunity to enjoy a variety of activities, convenience and the value-for-money. It also revealed that they were willing to spend an average of USD$300.
Over 75% agree that going on a mountain holiday in the summer is more appealing than going for a sun and beach holiday, with the top reasons being the clean mountain air, getting closer to nature and escaping the heat. Japan also emerged as the top most preferred summer mountain holiday destination, followed by Switzerland and New Zealand.
The survey also found an increased interest for European snow holiday destinations among APAC travellers. To meet the growing demand, Club Med is looking to opening of one resort in the Alps annually, starting with this year's re-launch of Club Med Alpe D'huez – home of the longest ski slope in the world, and brand new Chalets at Grand Massif Samoëns Morillon, followed by the new La Rosiere in 2020.
ABOUT CLUB MED
Club Med, founded in 1950 by Gérard Blitz, invented the all-inclusive holiday club concept, adding in activities especially for children with the creation of the Mini Club in 1967. Led by its pioneering spirit, Club Med seeks out exceptional destinations and sites. Today, Club Med is the world’s leading provider of upscale, all-inclusive holiday packages with a French touch for families and working couples. Club Med operates nearly 70 resorts, of which 85% are rated Premium & Exclusive Collection. Present in 30 countries around the world, the Group employs more than 23,000 Gentils Organisateurs (GOs) and Gentils Employés (GEs), representing 110 nationalities.

Today's Insurance Alertss - 491

invitation to authors design 2.png
unnamed.png
Insurance companies to pay Rs 1.6 lakh to 950 passengers for Tejas delay
http://insurancealerts.in/MasterPage/MediaView/10324
IMP.png
IDBI Federal Life looks to grow other proprietary channels as IDBI Bank set to exit jt venture
http://insurancealerts.in/MasterPage/MediaView/10325
M Pallonji Group eyeing exit from PNB MetLife India Insurance
http://insurancealerts.in/MasterPage/MediaView/10328  
Harshal Harbak joins IDBI Federal Life as CISO
http://insurancealerts.in/MasterPage/MediaView/10330 
INT.png
Munich Re announces €850mn result in Q3 despite cats
http://insurancealerts.in/MasterPage/MediaView/10323     
CPP Group UK rolls out new cyber offering for SMEs
http://insurancealerts.in/MasterPage/MediaView/10329  
news 3.png
Having insurance doesn't guarantee good health outcomes, but it is a critical factor. Irwin Redlener
http://insurancealerts.in/MasterPage/MediaView/10299 
wake up with insurance news.png