In April 2018, 951 thousand tourist arrivals were realized in commercial accommodation facilities, which is 3,8% more than in April 2017. Tourists realized 2,5 million overnight stays, which is 1,5% less compared to the same period last year , according to data from the Central Bureau of Statistics (CBS).The great news is that domestic tourists in April 2018 realized 167 thousand arrivals and 374 thousand overnight stays, which is an increase in arrivals by 14,5% and an increase in overnight stays by 10,1% compared to April 2017. Foreign tourists realized 783 thousand arrivals and 2,1 million overnight stays, which is 1,8% more arrivals but 3,2% fewer overnight stays compared to April 2017.Without a domestic base, tourism in the pre- and post-season, as well as on the continent, cannot be developed in the long run. The introduction of the so-called Cro card, which will certainly encourage domestic consumption and tourism on the continent and out of peak season.Most overnight stays were realized in Dubrovnik In April 2014, the highest number of tourist nights was realized in Dubrovnik, 267 thousand, of which foreign tourists realized 94% of overnight stays and domestic 6%. Compared to April 2017, the number of domestic tourist nights recorded a slight increase, by 0,8%, while the number of foreign tourist nights decreased by 2,3%. Tourists from the United Kingdom realized the most overnight stays, more than 36 overnight stays.Most tourist nights from Slovenia and Germany The highest number of overnight stays by foreign tourists in April 2018 was realized by tourists from Slovenia, 363 thousand overnight stays (17% of total overnight stays of foreign tourists) and tourists from Germany, with 343 thousand overnight stays by tourists (16% of total overnight stays by foreign tourists). Compared to April 2017, tourists from Slovenia increased their overnight stays by 15%, while tourists from Germany decreased their overnight stays by 17%. This is followed by overnight stays of tourists from Austria (11%), Italy (7%), Great Britain (6%) and France and Poland (4% each).For the third month in a row, most overnight stays in Istria County In the County of Istria, tourists realized 246 thousand arrivals and 779 thousand overnight stays in April 2018, which is a slight decrease in tourist arrivals, by 0,3%, and a decrease in overnight stays by 4,5% compared to April 2017. Compared to April 2017 Domestic tourists increased their arrivals by 34,7% and increased their overnight stays by 31,3%, while foreign tourists decreased their arrivals by 4,2% and their overnight stays by 7,5%. Tourists from Slovenia realized the most overnight stays, 201 thousand (26% of the total overnight stays in the County of Istria). Compared to April 2017, tourists from Slovenia increased their arrivals by 19% and the number of overnight stays by 21%.Photo: Ecomuseum Batana, RovinjMost nights spent in hotels In April 2018, tourists spent the most nights in hotels, 1,4 million overnight stays, which is 55% of the total number of overnight stays. Compared to April 2017, hotels achieved an increase in arrivals by 0,6%, and a decrease in tourist nights by 5,5%.In April 2018, tourists had at their disposal 194 thousand rooms, apartments and camping places with a total of 495 thousand permanent beds. In the group Hotels and similar accommodation, there were a total of 70 thousand rooms and suites available to tourists (which is 36,0% of the total number of available rooms and suites) with a total of 144 thousand permanent beds (which is 29,2% of the total number of available permanent beds). bed). The average occupancy of rooms was 47,4%, and permanent beds 42,2%.Tourists aged 65 and over realized the most overnight stays In April 2018, tourists in the age group of 65 and over realized the most overnight stays, 431 thousand, which is 17% of the total overnight stays. They are followed by tourists in the age group from 35 to 44 years and from 45 to 54 years (16% of the total number of nights spent in each group).Increase in tourist arrivals and overnight stays in the first four months In the first four months of 2018, tourists made 1,8 million arrivals and 4,5 million overnight stays in commercial accommodation facilities, which is an increase of 10,7% in arrivals and a 7,9% increase in tourist overnight stays compared to the same period in 2017. In the first four months of 2018, domestic tourists realized 456 thousand arrivals and one million overnight stays, which is 9,3% more arrivals and 7,6% more overnight stays of domestic tourists than in the same period last year.In the first four months of 2018, foreign tourists realized 1,4 million arrivals and 3,5 million overnight stays, which is an increase in arrivals by 11,1% and an increase in tourist nights by 8,0% compared to the same period last year. Most overnight stays of foreign tourists were realized by tourists from Germany (14,9%), Slovenia (14,8%), Austria (11,5%) and Italy (7,1%).
There will be no shift in allocation based on members’ age, as Airbus found that many so-called ‘lifecycle’ models had returned less than the projected returns from the company’s new pension plan.How it worksTo give members some certainty and an idea of what to expect as a pension payout to its staff, the company intends to grant a target return determined each year. Of this, around 70% will be paid monthly into each employee’s individual account.#*#*Show Fullscreen*#*# The German entities of international engineering firm Airbus have revamped their company pension plan to lower the risk for the employer and increase potential returns for employees. The new plan was set up at the end of last year, and 20,000 people have already joined since the start of January. “This is about half our staff,” confirmed Markus Wilhelm, head of pensions at Airbus Germany, speaking at the Zukunftsmarkt Altersvorsorge conference in Berlin last month.Airbus has allocated 70% of the new plan to equities and 30% bonds. Lift-off for new pension plan: 20,000 employees have already signed up for Airbus’ new arrangementsAny excess return above this level will be paid into a buffer pool capped for tax reasons. According to Wilhelm, German authorities “had assumed we wanted to shift profits into this pool”.Once the pool is full, the remaining funds will be divided up among the members’ individual accounts.In years of lower than expected returns or negative performance, the buffer fund will be used to compensate shortfalls. Payments to individual accounts will only be reduced if the buffer fund is insufficient. People closer to retirement will not get any money from the buffer fund, but also will not have to pay into it in times of shortfalls.The idea of granting a target rate of return – known in Germany as Zielrente, or ‘defined ambition’ – is similar to one of the measures brought in by Germany’s Betriebsrentenstärkungsgesetz (BRSG) reform, although no industry-wide non-guaranteed pension plans have yet been introduced.Maintaining controlWilhelm said Airbus chose to keep the pension arrangements in house via a Direktzusage arrangement, essentially paying benefits direct from the company balance sheet.“We talked about a Pensionsfonds or other outsourcing but we wanted to keep control,” he said.Wilhelm explained that any external vehicle might be exposed to changes in the legal framework and the company “does not want to be forced to make changes we do not like”.Under the old pension plan – which is now closed to new entries – Airbus offered a 5% guaranteed return on accrued assets. This had become too expensive and liabilities had been too volatile, differing by up to €3bn per year, Wilhelm said.At the end of 2017, Airbus’ defined benefit obligations for Germany amounted to €9.8bn, and it had put aside €4bn in plan assets.For employees the old plan seemed very attractive, but Wilhelm said its Achilles’ heel was that inflation was not covered.“Back-testing showed returns from the plan with fixed guarantees were not always positive for the members in real terms,” Wilhelm said.Convincing the employees of the new pension plan’s benefits was a long-term effort involving “a lot of detailed information sessions with the employee representatives”, he said.He added that the new pension plan made it easier for Airbus to grant a conditional target return.“For the real tail risks we still have the company as financial back up, as it wanted to reduce its pension risk but not get rid of it completely,” the pension chief said.
When commercial flights finally resume, Parreño said, people should expect airlines to reduce their passenger flight capacity so as to ensure physical distancing in airplanes, and even the frequency of flights. As such, he said, the Iloilo Airport will remain closed until June 10, unless the order will earlier be revoked by higher authorities. Commercial flights to and from Iloilo were suspended in March this year when the community quarantine was enforced to curb the spread of coronavirus disease 2019 (COVID-19). “The LGUs na nagsabing pwede are Romblon, Legazpi, Naga, NAIA (Ninoy Aquino International Airport), Clark, Cauyan, Palanan and Marinduque,” Galvez said. But allowing of airport operations does not mean allowing free movement of people, he said. In a meeting with the Western Visayas Regional Task Force here on June 2, Galvez said inter-zonal movement is allowed under the modified general community quarantine. Classified as an international airport, the Iloilo Airport is the first airport in both Western Visayas and the island of Panay to be built to international standards. It is also considered to be the primary gateway into the region. “Just in case na mayroon na bookings, pwede na po,” he added. The airport opened to commercial traffic on June 14, 2007 with then President Gloria Macapagal-Arroyo inaugurating it. Secretary Carlito Galvez Jr., chief implementer of the National Action Plan on Coronavirus Disease 2019 (COVID-19), confirmed that eight airports in the country will start their operations within the week. “May health restrictions. Need may certificate sa travel, as much as possible makapag-test na,” he said. (With a report from the Philippine News Agency/PN CAAP and the Department of Transportation (DOTr) has consulted the local government units (LGUs) on opening the airports. “The negotiations are ongoing because as we said, there will be strict implementation of protocols. There will be a one-stop shop where swabbing and testing will be done at the airport,” he said in Pilipino. When will its operation resume? Before the COVID-19 pandemic, the Iloilo Airport served around 25 arrival and departure flights daily, said Parreño. He also said negotiations are ongoing in the LGUs of Dipolog, Pagadian, Laguindingan, Ozamis, Camiguin, and General Santos City. Galvez said other local government units that want to ensure the prevention of virus importation still have to observe the situation before opening their gateways in mid-June. Galvez noted that allowing inter-zonal movement will be of help to the economy as it opens trading to Manila and other regions in the country. “There are no commercial flights up to now. It is still to be resolved by the Inter-Agency Task Force for the Management of Emerging Infectious Diseases (IATF),” said Art Parreño, the Civil Aviation Authority of the Philippines (CAAP) Iloilo terminal supervisor. ILOILO – The Iloilo Airport in Cabatuan town now has physical distancing markers and has designated hand-washing and decontamination areas as part of the preparations for its reopening.