TORONTO — Rogers Communications Inc. topped expectations as it reported a fourth-quarter profit of $419 million and a three per cent gain in revenue compared with a year ago.The company says the profit amounted to 81 cents per share for the quarter ended Dec. 31.That compared with a loss of $9 million or two cents per share a year ago when it was hit by a large one-time charge.On an adjusted basis, Rogers said it earned $455 million or 88 cents per share in its latest quarter compared with an adjusted profit of $382 million or 74 cents per share a year ago.Revenue totalled $3.63 billion, up from $3.51 billion, boosted by improved wireless revenue due to subscriber growth and a greater number of customers on higher-rate plans.Analysts on average had expected $3.64 billion in revenue for the quarter and an adjusted profit of 86 cents per share, according to Thomson Reuters.
– Advertisement – Choosing Klain is also likely to assuage some concerns among progressives who had been gearing up for a fight over one of the first and biggest staff picks Biden will make as he builds out his White House team. The chief of staff is typically a gatekeeper for the president, crafts political and legislative strategy and often serves as a liaison to Capitol Hill in legislative negotiations.Progressives had expressed concerns that Biden would pick one of his other former chiefs of staff: Steve Richetti, who faces skepticism for his work as a lobbyist, or Bruce Reed, who is seen as too much of a moderate to embrace reforms pushed by the party’s base. But progressives see Klain as open to working with them on top priorities like climate change and health care. “His deep, varied experience and capacity to work with people all across the political spectrum is precisely what I need in a White House chief of staff as we confront this moment of crisis and bring our country together again,” Biden said.Klain served as chief of staff for Biden during Barack Obama’s first term, was chief of staff to Vice President Al Gore in the mid-1990s and was a key adviser on the Biden campaign, guiding Biden’s debate preparations and coronavirus response. He’s known and worked with Biden since the Democrat’s 1987 presidential campaign.The choice of Klain underscores the effort the incoming Biden administration will place on the coronavirus response from day one. Klain has experience in public health as the Ebola response coordinator and played a central role in drafting and implementing the Obama administration’s economic recovery plan in 2009.- Advertisement – – Advertisement – Ron Klain, right, conducts a meeting with staff on January, 13, 2015 in Washington, DC.Bill O’Leary| The Washington Post | Getty Images President-elect Joe Biden has chosen his longtime adviser Ron Klain to reprise his role as his chief of staff, installing an aide with decades of experience in the top role in his White House.Klain will lead a White House likely to be consumed by the response to the coronavirus pandemic, which continues to spread unchecked across the nation, and he’ll face the challenge of working with a divided Congress that could include a Republican-led Senate. Klain served as the coordinator to the Ebola response during the 2014 outbreak.In a statement Wednesday night, Biden suggested he chose Klain for the position because his longtime experience in Washington had prepared him for such challenges.- Advertisement –
Time Out Istria 2019 is a rich guide to the tourist offer of Istria in 2019, published by Time Out Croatia in cooperation with the Tourist Board of the Istrian County. Attachment: TIME OUT ISTRIA MAGAZINE PDF The Tourist Board of Istria points out that they have decided to realize this important edition, which is primarily intended for the market of the United Kingdom, Scandinavia, Benelux, then the United States and Canada, because they believe that these are very important countries whose guests can contribute to extending the season. that is, strengthening before and after the season. “This is exactly the reason, when we talk specifically about the UK and Scandinavian markets, which is why TZIŽ has been making great efforts in terms of promotion for many years.” stand out from the Tourist Board of Istria. In the coming period, the Tourist Board of Istria wants to break into London and its wider surroundings with a focus on guests of medium-higher and higher paying power. “We believe that this publication will find fertile ground and achieve great success in the English-speaking markets and contribute to the affirmation of the Istrian brand.”Point out from the Tourist Board of Istria. On 164 pages of the magazine, it brings stories about news in the cultural, gastronomic, entertainment and total tourist offer of the Istrian County, and the total circulation is 21.000 copies. In the first phase, the activities of the Istria County Tourist Board were focused on improving and increasing traffic at Pula Airport with the opening of new airlines and the intensification of existing routes from the UK and Scandinavia in the pre- and post-season. The second phase included the engagement of a PR agency that would intensively deal with the promotion of Istria with the local media and opinion makers with a focus on off and on-line publications and advertising, and consequently in the UK market in recent years Istria has shown remarkable growth. concrete projects like this important edition Time Out Istria With this publication, Istria for the first time gets its special edition in the Time Out global media family of print and digital media published in 58 countries and 315 major cities such as New York, London, Tokyo, Barcelona, Sydney, Dubai and other key tourist destinations around the world. with an audience of 242 million readers.
This season was again marked by a high growth in the offer of accommodation capacities, especially in the short-term rental of real estate, as well as the continued decline in the occupancy rate of accommodation. This year, the number of beds in commercial accommodation increased by a total of 67.077, mostly in household facilities, by 35.777 new beds. The increase in this form of accommodation, together with the increase in the number of beds in non-commercial accommodation of 36,1 thousand this year alone is equivalent to the number of 183 new hotels with an average size of 200 rooms, while in the period from 2010 to 2019 the number of beds in household increased 444,6 thousand which would be equal to 1.112 new hotels with an average size of 200 rooms. “In the first eight months of this tourist season, the leading hotel and tourism companies achieved a 5,4 percent increase in operating income compared to last year, thanks to increased investments in quality that enabled price growth, additional sales and marketing activities and consequent intensification. last-minute “reservation” said Veljko Ostojic, director of the Croatian Tourism Association (HUT). The season confirmed the earlier announcements of tourism experts that only those who continuously invest in quality and actively manage their tourism product will be able to count on further growth, in the situation of return of eastern Mediterranean markets, especially Turkey, is the conclusion of the presentation of the third edition of trends of the Croatian Tourism Association (HUT). Croatia grew in physical terms, the only double-digit growth was achieved by Turkey Most of the leading domestic hotel and tourism companies expect continued growth in the off-season, while most hotels and camps expect a higher volume of reservations in the off-season compared to last year, with hotels between 2 and 6 percent and camps between 1 and 9 percent. A drop in bookings of between 2 and 8 percent is expected by most apartment complexes (63 percent) and just over a fifth of the hotels and campsites covered, according to the Tourist Impulse Q3 report. To illustrate the fact that the state achieves the greatest economic and fiscal effects by marketing products through the hospitality channel, as well as that tourism is the most efficient form of “export”, HUT compared the effects of selling a bottle of wine through different distribution channels. In the Mediterranean, the highest growth rates of tourist arrivals this year were achieved by Turkey, with a plus of 14,11 percent in the first seven months of this year. At the same time, key western Mediterranean markets are growing: Spain 1,91 percent, Malta 4,86 percent, and Slovenia 5,24 percent in the first seven months of 2019. Attachment: HUT / Tourist impulse Q3 Read the full report in the attachment. According to the report, this year online portals recorded a high growth rate of sales of accommodation capacities (+12,4 percent), and the average price increased (+6 percent), which means that revenue in this segment of tourism in the period from August 2018 to July 2019 reached 2,03 billion euros. At the same time, the occupancy of capacity in household facilities was further reduced, to 22 percent, which is more than twice lower than the occupancy rate in hotels (45,1%). HUT reiterated that all European countries that compete with Croatia in tourism have a reduced value added tax rate for hotel accommodation and catering services, with the aim of continuously encouraging the development of the tourism sector and the economy as a whole. Croatia also managed to end up in physical terms – according to data from last week, an annual cumulative growth of arrivals of 4,33 percent and an increase of 1,84 percent of overnight stays was recorded. In the third edition of the Tourist Impulse Q3, in addition to an overview of the financial and market results of the 2019 tourist season by type of capacity, key indicators of short-term real estate rental in Croatia were published on online portals. Short-term real estate rental continues to grow, rental income on two online portals exceeded 2 billion euros According to the survey, these companies use the predominant share of domestic components, especially in the segment of bakery products (87 percent), in construction and installation services (72 percent), and more than half of the consumption of alcoholic beverages (65 percent) and beverages (66 percent), meat and meat products (64 percent) and vegetables (54 percent). “As we announced, this season has shown that the period of high growth rates in tourism is behind us and that there will be a struggle for every guest. If we want to keep our position on the tourist map, the business conditions in tourism must improve. Only in this way can we free up funds to invest in the key prerequisites for success in the coming years. These are necessary to increase the quality of accommodation and the overall offer, as well as to keep the existing and attract new quality staff. In this context, we see the announced reduction of VAT on the preparation and serving of food in restaurants as the first step in the direction of capturing the competitiveness of domestic tourism with neighboring countries. Tax relief is an incentive for investments in new hotel and similar facilities that have a significant impact on the economic activity of destinations, but also the whole of Croatia”, Ostojic pointed out. Ucomparing the effects of selling a bottle of wine through different distribution channels In addition, a survey of leading hotel and tourism companies in Croatia showed that the share of products and services of Croatian origin in the total consumption of the sector is significant, according to HUT. Such capacity growth has further exacerbated the overall structure of tourism capacity, with hotels and camps currently together accounting for only 35 percent of total commercial accommodation capacity, while the share of beds in household facilities has reached 52,2 percent of commercial accommodation. If we add a significant increase in capacity in non-commercial accommodation, this structure is even more unfavorable. In the sale through catering, the amount of value added tax per bottle of wine is 2,2 times higher than in retail, taxes and contributions on salaries are over 12 times higher than in exports and over 20 percent higher than in the sale of wine in retail. At the same time, employment in the hospitality industry is higher than in other distribution channels, as well as the foreign exchange component, which is at least 4 times higher than in other channels. Given the size of this form of accommodation, the third edition of the Tourist Impulse also presented data from the online portals Airbnb and HomeAway, which at the end of July offered a total of 236.800 accommodation units from Croatia.
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