Archive for the 'Travel News' Category

Apple Nine Recommends Rejection of Unsolicited, Opportunistic Tender Offer by MacKenzie Capital Management, LP

Monday, May 14th, 2012

RICHMOND, Va.–(BUSINESS WIRE)–Apple REIT Nine, Inc. (“Apple Nine”) has been notified of an unsolicited
tender offer by a group of entities affiliated with MacKenzie Capital
Management, LP (collectively “MCM”) to purchase up to 9,120,000 shares
of common stock and the associated shares of Series A preferred stock
(together, the “Units”) of Apple Nine at a price of $6.25 per Unit. The
tender offer is limited to 9.12 million Units or approximately 5% of
Apple Nine’s outstanding Units. Apple Nine is not affiliated with MCM,
and believes this offer is not in the best interests of its
stockholders. The Board of Directors of Apple Nine has carefully
evaluated the terms of MCM’s offer and unanimously recommends that
stockholders reject MCM’s offer and not tender their Units.

Apple Nine has filed with the Securities and Exchange Commission (“SEC”)
a Schedule 14D-9 providing a detailed response to the MCM’s offer. Apple
Nine encourages stockholders to read the Schedule 14D-9 before making a
decision regarding the offer. Stockholders may review and obtain copies
of the Schedule 14D-9 and all amendments thereto free of charge at the
SEC’s website at Article source: Read More Here

Tags: , , , ,

Concur to Present at the 40th Annual J.P. Morgan Global Technology, Media and Telecom Conference

Monday, May 14th, 2012


Click to view news release full screen


My news for Investors



REDMOND, Wash., May 14, 2012 /PRNewswire/ — Concur (NASDAQ: CNQR), a leading provider of integrated travel and expense management solutions, today announced that Concur chairman and CEO Steve Singh will deliver a presentation on behalf of the company at the 40th Annual J.P. Morgan Global Technology, Media and Telecom Conference, on Wednesday, May 16 at 1:30 p.m. ET at The Westin Boston Waterfront Hotel. The live webcast and replay of the presentation will be available for a limited time at http://www.concur.com/en-us/investors.

About Concur
Concur is a leading provider of integrated travel and expense management solutions. Concur’s easy-to-use Web-based and mobile solutions help companies and their employees control costs and save time. Concur Connect is the platform that enables the entire travel and expense ecosystem of customers, suppliers, and developers to access and extend Concur’s TE cloud. Concur’s systems adapt to individual employee preferences and scale to meet the needs of companies from small to large. Learn more at www.concur.com.

SOURCE Concur

Back to top

RELATED LINKS
http://www.concur.com

Article source: Read More Here

Tags: , , ,

Top 10 cycling destinations

Saturday, May 12th, 2012


Fri May 11, 2012 10:04am EDT

(Reuters) – While most travellers know that Copenhagen and Amsterdam are ideal for exploring by bicycle, the rise of bike-sharing and bike tours in other cities is making discovering other destinations by bicycle easier than ever.

That’s why the members and editors of travel website VirtualTourist.com (www.virtualtourist.com) have compiled a list of the “Top 10 Spots to Explore by Bicycle.” Reuters has not endorsed this list:

1. Montréal, Québec, Canada

While Montréal’s most famous paths may lie underground, it’s most intriguing routes in the upcoming warmer months lie amongst its 2,400 miles of bike trails and paths. The first North American city to adopt a bicycle-sharing program, Montréal has a few popular rides, including along the Lachine Canal, the quays of the Old Port, and Rue McGill. In addition to paths within the city, Montréal lies in the centre of the Route Verte, a series of bikeways throughout Quebec modelled after Denmark’s national cycle routes and the Danube and Rhine bikeways. The route, which starts further west at Fort-Coulogne, also connects Montréal with Québec City to the north.

2. Paris, France

Though the first bike-sharing program in France originated in Lyon, it is Paris which gets most of the credit for spurring the bike-sharing craze around Europe. Paris’ bike-sharing program, called Vélib’, is now as synonymous with a Parisian experience as the Louvre and steak frites. Over the past few years, Vélib’ has grown to over 20,000 bikes with sharing stations every 300 meters. The initial benefits were aimed at commuters and residents, but it’s become a popular tourist activity as well. Easy routes to explore include the quais and ponts along

Article source: Read More Here

Tags: , , , ,

National Recording Artist Vanilla Ice Hosts Concert to Launch MR. FREEZE: Reverse Blast at Six Flags Over Texas

Saturday, May 12th, 2012

Vanilla Ice and Big Brothers Big Sisters of North Texas Participate in Opening Event

Click here to view the Six Flags St. Louis press release.

ARLINGTON, Texas — May 12, 2012 /PRNewswire/ — Mr. Freeze: Reverse Blast was introduced at Six Flags Over Texas today with the ultimate cool dude, Vanilla Ice, performing in concert to officially celebrate the ride’s grand opening. After his performance, Vanilla Ice grabbed a front row seat on the park’s newest twist on one of its most popular thrill rides. Members of Big Brothers Big Sisters of North Texas were also on hand to enjoy the inaugural ride. Mr. Freeze: Reverse Blast sends riders backwards through a 190-foot tunnel, into a 180-degree inversion then climbing more than 200-feet in the air where they will find themselves suspended, dangling in the air, before repeating the entire chilling experience.

“I am an adrenaline junkie. As a kid I always loved jumping on the biggest and fastest ride at Six Flags Over Texas,” said Vanilla Ice. “I was really excited to perform and then ride Mr. Freeze: Reverse Blast. The backwards launch and going up the tower facing straight down is a real rush.”

Thrill seekers will notice additional ride enhancements including new logos on the cars, an updated entrance and new graphics on the tunnel.

Six Flags is delivering this new and innovative twist on an already popular roller coaster in two of its parks. Mr. Freeze: Reverse Blast opened to the public at Six Flags St. Louis on May 5.

Both rides continue to feature the original MR. FREEZE theme, patterned after Batman’s cold-hearted nemesis in the DC Comics Batman series. As guests take the chilling walk through “Snowy’s Cones,” an old abandoned ice cream warehouse that secretly doubles as the favorite

Article source: Read More Here

Tags: , , ,

Eurovision causes spike in Baku hotel rates

Thursday, May 10th, 2012


FRANKFURT |
Thu May 10, 2012 8:49am EDT

FRANKFURT (Reuters) – Anyone wishing to travel to Baku for the Eurovision Song Contest later this month may get a shock when they look for a hotel room, with prices shooting up as rooms become scarce in the Azeri capital.

According to German travel search engine Swoodoo, some hotels have increased prices six-fold, while Eurovision fans can expect to pay on average 144 percent more for a hotel room there during the contest than usual.

Azerbaijan, with just 9 million inhabitants and an economy dependent on oil, won the right to host the contest by winning the event last year in Germany with love song “Running Scared”.

The country has come under fire, however, for its human rights record and with reports that homes have been razed near the new Crystal Hall arena as part of a wider redesign of the city.

In a country not known for its tourism facilities, the lack of available hotel rooms is what is driving prices up, said Swoodoo.

“The hotel infrastructure in Baku is not comparable with that with western and central Europe,” said Christian Saller, CEO of Swoodoo. “Although they’ve invested a lot, they just haven’t been able to get some hotels finished in time.”

Swoodoo said that hotel rooms were available at an average price of 341 euros a night for the period between May 22 and 27.

That compares with an average of 140 euros for the weeks either side of the contest, said Swoodoo, which looked at prices from 100 operators.

The Eurovision final will take place on May 26, with two semi

Article source: Read More Here

Tags: , , , ,

ISM Announces No Change in Report On Business® Distribution Process

Thursday, May 10th, 2012

TEMPE, Ariz.–(BUSINESS WIRE)–Institute for Supply Management (ISM) today announced that
it is not planning to make any changes to the way the Report On
Business
® is currently disseminated. ISM will
continue to release both the Manufacturing and Non-Manufacturing ISM Report
On Business
® via Business Wire at 10:00 a.m. ET on
the first and third business days of each month, respectively.

“The manufacturing data contained in ‘the
Markit Flash U.S. Manufacturing PMI’ is based solely on Markit’s own
survey responses, and is entirely separate from the responses ISM
receives from its Manufacturing and Non-Manufacturing Business Survey
Committee respondents throughout the U.S.”

In addition, data contained in ISM’s monthly Manufacturing and
Non-Manufacturing ISM Report On Business® will not
be included in the series of advanced, “Flash” estimate reports recently
announced by Markit Economics. “The manufacturing data contained in ‘the
Markit Flash U.S. Manufacturing PMI’ is based solely on Markit’s own
survey responses, and is entirely separate from the responses ISM
receives from its Manufacturing and Non-Manufacturing Business Survey
Committee respondents throughout the U.S.,” says ISM CEO Paul Novak,

Article source: Read More Here

Tags: , , , ,

How Much for a Club Sandwich?!

Thursday, May 10th, 2012


Click to view news release full screen


The Hotels.com® Club Sandwich Index (CSI) Examines the Cost of a Club Sandwich in the 10 Most Popular U.S. Cities


Download image

DALLAS, May 10, 2012 /PRNewswire/ – Paris, often thought of as the world’s most romantic city, has just been deemed the most expensive city in the world to order a club sandwich by Hotels.com®. But if $33 seems like too much to shell out for lunch, stick to the 10 most popular United States destinations – according to the 2011 Hotels.com Hotel Price Index™ (HPI®) – where the most expensive club sandwich can be found in New York City, for an average price of nearly $17.

(Photo: http://photos.prnewswire.com/prnh/20120510/DA05349)

Why choose the club sandwich? The classic chicken, bacon, egg, lettuce and mayo sandwich, a standard lunch available in hotels worldwide, was used as a universal measure of affordability in the Hotels.com Club Sandwich Index (CSI). The CSI average price has been calculated by taking the real prices paid by guests for a club sandwich within 1,000 five, four and three-star hotels located in popular travel destinations across 26 countries, with 10 U.S. cities measured.

This standard lunch fare is known for its popularity among

Article source: Read More Here

Tags: , , ,