Travel group eyes capital as base



Abu Dhabi is in discussions with an influential international travel organisation to move its headquarters to the capital, says the Abu Dhabi Travel and Tourism Agencies Council (ATTAC). The United Federation of Travel Agents' Associations (UFTAA), which has been based in Monaco for the past 20 years, is currently in talks with ATTAC as it looks for a less costly arrangement. The organisation represents travel associations from more than 80 countries.

The move was likely to help Abu Dhabi in its plans to develop as a tourism destination, both organisations said. The capital aims to increase its hotel guest numbers from about 1.5 million last year to 2.3 million by 2012. UFTAA said it worked closely with other international travel associations such as the International Air Transport Association and the UN World Tourism Organisation. "Our plan is to transfer the UFTAA headquarters to Abu Dhabi," said Nasser Butti bin Omeir bin Youssef, the chairman of ATTAC and a board member of the Abu Dhabi Chamber of Commerce and Industry. "By this we are going to strengthen Abu Dhabi's tourism traffic, especially by selling Abu Dhabi as a destination.

"We found a big added value for UFTAA to be here, first of all to know more about how to increase tourism traffic to Abu Dhabi and to be closer to those who get the people here." Projects under development in Abu Dhabi include Yas Island, on which the world's first Ferrari World theme park is expected to open this year. Saadiyat Island, meanwhile, will eventually house attractions such as the Guggenheim and Louvre museums in its cultural district. The capital is also investing heavily in tourism infrastructure such as hotels, with plans to add another 5,000 rooms this year, an increase of about 30 per cent.

Mr bin Youssef said the Abu Dhabi association was about to enter discussions with the Government to see what it would be able to offer in its bid for the headquarters. An offer was likely to include free office space. "They saw how in the past two years Abu Dhabi became a big tourism destination, and they know what is coming, with plans such as the Louvre. We want to have more experience of the travel market and we want to share our visions."

Spain and Switzerland were also interested in hosting the headquarters, UFTAA said. "Now the Middle East has become a major player and Abu Dhabi is a major centre, so a relationship with Abu Dhabi will help us negotiate better around the world," said William Tan, the president of UFTAA, who was in the capital last week to appoint Mr bin Youssef as a patron of the organisation. "It's not yet finalised, but we are thinking of moving here," Mr Tan said. Reaching a final decision would take six months.

UFTAA was originally set up in Rome in 1966 to unify travel associations into one international federation, he said. ATTAC, which has about 250 members in Abu Dhabi and Al Ain, last year announced that the newly established Gulf Travel and Tourism Associations Committee would have its headquarters based in Abu Dhabi. The regional lobby group was set up to promote and protect travel agency associations' interests as the region expands its tourism industry. The founding members include tourism agency associations from Kuwait, Sharjah and Bahrain.

@Email:rbundhun@thenational.ae

What is graphene?

Graphene is extracted from graphite and is made up of pure carbon.

It is 200 times more resistant than steel and five times lighter than aluminum.

It conducts electricity better than any other material at room temperature.

It is thought that graphene could boost the useful life of batteries by 10 per cent.

Graphene can also detect cancer cells in the early stages of the disease.

The material was first discovered when Andre Geim and Konstantin Novoselov were 'playing' with graphite at the University of Manchester in 2004.

TRAP

Starring: Josh Hartnett, Saleka Shyamalan, Ariel Donaghue

Director: M Night Shyamalan

Rating: 3/5

Why it pays to compare

A comparison of sending Dh20,000 from the UAE using two different routes at the same time - the first direct from a UAE bank to a bank in Germany, and the second from the same UAE bank via an online platform to Germany - found key differences in cost and speed. The transfers were both initiated on January 30.

Route 1: bank transfer

The UAE bank charged Dh152.25 for the Dh20,000 transfer. On top of that, their exchange rate margin added a difference of around Dh415, compared with the mid-market rate.

Total cost: Dh567.25 - around 2.9 per cent of the total amount

Total received: €4,670.30 

Route 2: online platform

The UAE bank’s charge for sending Dh20,000 to a UK dirham-denominated account was Dh2.10. The exchange rate margin cost was Dh60, plus a Dh12 fee.

Total cost: Dh74.10, around 0.4 per cent of the transaction

Total received: €4,756

The UAE bank transfer was far quicker – around two to three working days, while the online platform took around four to five days, but was considerably cheaper. In the online platform transfer, the funds were also exposed to currency risk during the period it took for them to arrive.

David Haye record

Total fights: 32
Wins: 28
Wins by KO: 26
Losses: 4

The bio:

Favourite film:

Declan: It was The Commitments but now it’s Bohemian Rhapsody.

Heidi: The Long Kiss Goodnight.

Favourite holiday destination:

Declan: Las Vegas but I also love getting home to Ireland and seeing everyone back home.

Heidi: Australia but my dream destination would be to go to Cuba.

Favourite pastime:

Declan: I love brunching and socializing. Just basically having the craic.

Heidi: Paddleboarding and swimming.

Personal motto:

Declan: Take chances.

Heidi: Live, love, laugh and have no regrets.

 

Company Profile

Name: Thndr
Started: 2019
Co-founders: Ahmad Hammouda and Seif Amr
Sector: FinTech
Headquarters: Egypt
UAE base: Hub71, Abu Dhabi
Current number of staff: More than 150
Funds raised: $22 million


Checking In

Travel updates and inspiration from the past week

      By signing up, I agree to The National's privacy policy
      Checking In