Hotel Designs

    NEWS AND ANALYSIS FOR HOTELIERS, DESIGNERS AND INDUSTRY SUPPLIERS

    Starwood Debuts Le Meridien in Algeria with the New Le Meridien Oran Hotel & Convention Centre

    150 150 Daniel Fountain

    Starwood Hotels & Resorts Worldwide, Inc. has recently announced the debut of the first Le Meridien hotel in Algeria with the opening of Le Meridien Oran Hotel & Convention Centre. Owned by Sonatrach, the hotel is part of a mixed-use development, which includes an adjacent conference and exhibition centre, an esplanade and an oceanfront promenade. Located on Algeria’s north-western Mediterranean coast, Le Meridien Oran sits on a cliff offering breathtaking views of the Mediterranean.Designed by Rockwell Group Europe (RGe), Le Meridien Oran features 254 guest rooms and 42 suites, combining contemporary design with Algerian heritage and Le Meridien brand amenities. The hotel’s signature spa, inspired by European spa traditions, comprises eight treatment rooms, a jacuzzi, Turkish Hammam, an outdoor pool and fitness centre, offering endless ocean views.

    Le Meridien Oran also features an all-day dining restaurant with an open kitchen, a chic lounge bar with inspiring sea views, the city’s first authentic Italian restaurant as well as a lobby bar serving Illy coffee and tea from around the world.

    Le Meridien Oran Hotel & Convention Centre houses the largest meeting facilities in North Africa with nearly 9,000 square metres of flexible meeting and event space, including two ballrooms, a pre-function area and 23 meeting rooms. Equipped with state-of-the-art technology the convention centre houses an auditorium that can seat up to 3,000 seated guests and features the largest mural fresco in the world. Created by Algerian artist Tewfik Boumedhi, the 2000-metre-long façade is made of 51,000 tiles and depicts the Southern Mediterranean culture in Arab-Moresque art.

    SOURCE: Starwood Hotels & Resorts Worldwide, Inc.

    RHA Bespoke Joinery

    150 150 Daniel Fountain

    RHA Furniture have an experienced team of Production Managers and Craftsmen who specialise in producing high quality joinery and case good for hospitality and corporate projects.The company works with clients, Designers and Architects to produce a wide range of high quality bespoke joinery and case goods. Over the last few years they have worked on a wide range of projects and produced finely crafted cabinets, reception desks, task furniture, boardroom tables, lecterns and even retail display furniture.

    RHA Furniture offer a complete package that includes initial planning, production, sourcing, technical implementation, delivery, onsite installation and after sales service.

    Visit RHA’s website to find out more about their bespoke joinery, retail display units and hotel bedroom case goods.

    Signbox to take Enlighten to another level

    150 150 Daniel Fountain

    Signbox, winner of the Sign Company of the Year Award for the past two years, has just unveiled a new weatherproof, outdoor version of its groundbreaking Enlighten smart poster range featuring NFC technology. The outdoor version is available in different sizes and can also be incorporated into a purpose-built monolith that is ideal for high footfall areas. The new external versions of Enlighten complement the existing ‘indoor’ range with the same ultra sleek, contemporary styling. Signbox has also taken the opportunity to introduce enhanced fraud prevention technology built into each poster designed to prevent tag diversion, which they say will set the standard for the secure transfer of information between smart posters and NFC enabled smartphones.Enlighten enables a range of tailored and customised messages, including voucher and promotional offers, to be transferred direct to target audiences via their NFC enabled smartphones. Since its launch in October 2011 Enlighten has generated substantial interest in line with the worldwide groundswell towards the adoption of NFC technology.

    Mark Bartlett, Managing Director of Signbox, comments, “In the next few years people will use their phones in a different way, with paying for goods and retrieving information or offers from smart posters becoming second nature – an everyday occurrence.

    “Enlighten is at the forefront of these developments and will deliver enhanced customer engagement through new proximity marketing and will change the way people interact with the brands and marketing messages that surround them.

    “The outdoor, weatherproof version of Enlighten was always part of our plans. More so, we know that consumers must have total trust in the technology. That is why we have invested heavily in our security feature to prevent tag diversion. Following exhaustive testing we are completely satisfied the security of Enlighten cannot be overridden or compromised in any way”.

    For a brochure on Enlighten call Signbox on 01784 438688 and for more information visit the dedicated website at: www.smartposter.co.

    IFX Market Report for 14/06/2012

    150 150 Daniel Fountain

    UK

    British Finance Minister George Osborne said yesterday that Germany would make more concessions to save the euro if Greece was forced to abandon the common currency. In his opinion Germany would be more willing to bail out other countries if Athens left.GBPEUR took a steady drop throughout the day’s trading. Opening the markets at 1.2428, the rest of the day saw a gradual decline into the 1.23’s, finally closing at 1.2355. The drop in the GBPEUR seemed to derive from comments made by Alex Tsipras, head of the anti-bailout party where he mentioned that the EU will not cut Greek funds or eject Greece from the EUR.
    GBPUSD opened trading yesterday at 1.5572 trading in a tight range during the day’s trading struggling to break the 1.56 resistance, hitting the day’s high of 1.5597. Overnight and this morning the pair has again fallen off hitting lows of 1.5469.

    The British Pound is showing relatively firm correlations with UK bond yields and the MSCI World Stock Index, hinting the focus here is likewise the Eurozone debt fiasco and thereby the Greek election outcome
    ________________________________________

    WORLDWIDE

    The US Dollar fell against most of the majors as expected amid a recovery in assets linked to risk appetite last week. Risk aversion looks like it has made a come-back as investors turn defensive ahead of the weekend’s general election in Greece.

    The EUR had a good day against the USD, opening trading at 1.2528 the pair took a gradual rise throughout the day amidst poor US data that included retail sales falling for a second consecutive month and more positive news from the Eurozone. There remained an evident resistance at 1.26 where the high of the day reached 1.2599 before closing at 1.2584
    For the Euro, a firm correlation with German bond yields (see chart) points to the primacy of debt crisis concerns in shaping price action. Renewed sovereign stress in the Eurozone is likely to boost haven demand for German government debt, pushing yields and the single currency lower.

    With Europe’s debt crisis intensifying pressure on the Swiss National Bank’s 1.20 per euro ceiling after a breach in April, officials will today reaffirm their commitment to defend the limit.

    Industrial production fell in Spain and Portugal, two of the southern European countries engulfed in the region’s debt crisis, as well as in Italy, which is fighting to reform its economy and avoid the need for outside help. But Germany, the region’s industrial powerhouse, also saw production fall sharply, raising doubts about its ability to withstand the downturn affecting its weaker neighbours.

    German May inflation data was in line with previous estimates yesterday, coming in at 2.2% compared to May 2011. Prices dropped 0.2% on the month, the German stats bureau said. Falling energy prices contributed to the fall in inflation, offsetting a strong performance in the German labour market.

    Poland’s annual consumer price inflation rate fell more than expected in May, the country’s statistics office said yesterday, limiting expectations the central bank will raise rates in coming months.

    As widely expected, the Swiss National Bank retained its interest rate at zero percent this morning and the EUR/CHF floor at 1:20. Since that decision the Swiss franc has edged higher against its major rivals.

    Brazil’s real rose for the first time in three days on bets that tax changes may boost inflows into Latin America’s largest economy. The real rose 0.5 percent to 2.0575 per dollar. The currency reached a three-year low of 2.1062 on May 23 after appreciating to as strong as 1.6890 this year.

    The Ritz-Carlton Hotel Company, L.L.C. Opens Its First Luxury Resort In Japan

    150 150 Daniel Fountain

    The Ritz-Carlton Hotel Company, L.L.C. has opened its first luxury resort in Japan on the tropical island of Okinawa. The Ritz-Carlton, Okinawa will pioneer luxury hospitality on an island that has been the secret getaway for generations of Japanese visitors, but remains relatively unexplored by the international luxury traveller.

    The Okinawan concept of hospitality or “gusuku,” which translates as “castle” or “guest house,” has been carefully reflected throughout the property to give it a welcoming sense of place. The new Ritz-Carlton resort embodies this spirit through its landscaping and contemporary architectural design, which extensively features the Shurijo face motifs, distinctive red clay roof tiles, white walls and holy water ponds.

    The 97 modern guestrooms and two suites of the Ritz-Carlton, Okinawa have balconies or terraces which enjoy sweeping panoramic views that overlook the East China Sea and the Kise Country Club. Inspired by the spectacular scenery of ancient forests, manicured golf courses and the sea, the luxurious resort has been designed to be in harmony with its natural surroundings.

    This new hotel presents a host of exquisite sophisticated restaurants and a bar. Restaurants include – Chura-Nuhji, an Italian fine dining restaurant; Kise, a Teppan-yaki restaurant featuring local seafood and renowned Okinawan beef; and Gusuku, an all-day waterside dining experience that serves Japanese, Okinawan and international dishes on its outdoor deck.

    Located a short stroll through landscaped gardens is The Ritz-Carlton Spa by ESPA, in its own separate enclave. The Ritz-Carlton Spa by ESPA combines the essence of ancient and modern Chinese, Indian, European and Balinese spa cultures. It uses the luxury ESPA products that harness the best of nature’s essential oils, botanicals and marine supplements. The exquisite collection of treatments represents complete care, personalisation and the ultimate in luxury.

    The Spa features four treatment rooms, four dry treatment rooms, outdoor Cabanas offering Shiatsu or Thai massage. It also offers the Heat Experience (Steam Sauna, Jacuzzi hot tubs, Stone Sauna with weathered coral tiles). Two special Retreat Suites are also available (Forest Suite and Ocean Suite) with their own private decks and stone baths. The spa retreat also houses a Nail Studio, Relaxation Room, Indoor Pool, and the fitness centre.

    The Spa reception features the use of organic materials in all design points, and the deep forest motif is particularly evident where a display of light creates textural and moving shadows as if under the forest canopy. Views to the ancient Yambaru Forest can be enjoyed from treatment rooms.

    Belgravia armchair in the news

    150 150 Daniel Fountain

    A unique feature of the new Belgravia armchair from Andy Thornton is two special newspaper pockets that are attached to the outer side of its arms, making the chair perfect for hotel receptions and in the lounge areas of cafes and bars. The Belgravia is part of the company’s hugely successful Urban Vintage collection of contract furniture and lighting for the hospitality industry.

    The Belgravia armchair is supplied as standard in medium brown leather, which has been specially ‘antiqued’ to give an aged, lived-in appearance. The upholstery specification includes a button-back design to the back and arms and brass studs to the sides and front of the arms. All foam used is combustion modified (CMHR) and fabrics are to CRIB5 contract standard.

    The full range of Urban Vintage furniture from Andy Thornton can be viewed online by visiting www.andythornton.com. A 36 page brochure is also available on request by calling 01422 376000 or emailing marketing@andythornton.com.

    Beach House, a revolutionary lifestyle hotel by Meliá Hotels International in Mallorca

    150 150 Daniel Fountain

    Eight months after announcing a revolutionary project designed to transform tourism in Magaluf in Majorca, the Spanish hotel company ends in record time the first phase of the Calviá Beach Resort development by opening the Beach House Hotel which joins the recently renovated Sol Wave House Hotel to revive the Magaluf beachfront and becomes the first lifestyle destination on the island. The Beach House Hotel is the result of the total transformation of the previous Majorca Beach Hotel. After four months of intense work, the hotel now presents a stunning and trendsetting new image, designed to offer a different and daring, adult-oriented experience, buzzing with energy and with great social life. This is all guaranteed by the partnership with Nikki Beach, an amazing beach club famous worldwide for the festivals and parties it hosts in Miami, Marbella or St. Tropez, and due to open in Mallorca on June 15.

    The hotel and club lie alongside the sea, set in palm trees and pine trees, and its vast lobby is home to huge Balinese beds from which to listen to the hotel’s resident DJ and enjoy dinner or a drink. The interior areas are divided by huge panels that simulate white coral, designed by the architect Alvaro Sans, author of exclusive resorts such as the Gran Meliá Palacio de Isora (Tenerife) or Paradisus Playa del Carmen (Mexico). This season, the Beach House offers a hundred oversize rooms (52 m2) with an entertaining and groundbreaking interior design, including a bathtub under the window from which to view the sea. The furniture has all been acquired in Mallorca as part of a clear commitment of the hotel company to boost the local economy, and includes an XL-size minibar, 32 inch TV, full connectivity for all kinds of mobile devices and a private chill out corner on the terrace.

    The Beach House has been designed not only for relaxing by the sea, but also for having fun, meeting people and enjoying every experience. The hotel is focused on adult guests, music and entertainment, and aims to raise the bar for tourism quality in the destination. It offers refreshing dining options, a gym with personal trainers, yoga and pilates, reflexology, and even a pet service. The Beach House is also plugged in to social networks, allowing guests to share their experiences immediately with their friends, including a Facebook Totem which allow guests to take pictures and share them on Facebook.

    For Meliá Hotels International the hotel and resort are examples of a bold commitment to reposition a mature destination in southern Mallorca, something which the Vice Chairman and CEO, Gabriel Escarrer, says “has been made possible thanks to the extraordinary potential of the Magaluf area, with one of the most beautiful beaches in Mallorca, surrounded by marinas, golf courses and luxury residential areas, and also to the support of the Balearic Islands Government and the municipality of Calvia, which have been instrumental in creating legal guarantees and an environment to attract investment and prepare everything in time for the summer season.”

    A bespoke woven beauty for Castle Bromwich Hotel

    150 150 Daniel Fountain

    Bespoke woven masterpieces from Wilton Carpets Commercial now adorn a range of areas in the stunning and historic Castle Bromwich Hall Hotel, blending in perfectly with the traditional period interior and providing an elegant finish in keeping with the fine surroundings.Specifically choosing Wilton Carpets Commercial due to its reputation for exceptional quality and the flexibility of a thorough bespoke design service, Castle Bromwich Hall Hotel specified a total of 1200 square metres of bespoke woven axminster carpet in a variety of locations. Fitted in the public areas, corridors, bar, restaurant, bridal suite and executive bedrooms of the hotel, the carpets feature an 80% wool 20% nylon pile for superior colour retention and fantastic durability.

    Able to withstand the heavy footfall of this popular hotel, each carpet has been designed by Wilton’s design team to complement the hotel’s 17th century beginnings and Grade I listed status.

    A striking deep crimson carpet with soft beige pin-dot diamonds flows down the grand carved staircase and continues into the main corridors of the hotel, seamlessly meeting the panelled dining room and changing into a traditional bordered design with larger leaf-inspired diamonds interspersed with the original pin-dots. The same latter design is mirrored in the public bar area and the executive bedrooms, but in a contrasting light colourway of cream and beige, complementing the stunning dark wooden furniture.

    The design team at Wilton, spearheaded by design manager Julie Robertson, provided a thorough design service for Castle Bromwich, working directly with the hotel from the initial briefing stage right through to perfecting the finished product. With a choice of woven or tufted options in the Ready to Go, FastTrack, Flexiweave and Bespoke collections, Wilton Carpets Commercial can create carpets in a variety of colours, textures and designs suitable for use in applications from light commercial to very heavy contract.

    Set in 10 acres of beautiful walled gardens, Castle Bromwich Hall Hotel is a unique venue with beautiful architecture, transporting guests into a more elegant and simplistic era, and Wilton Carpets Commercial have captured this essence of grandeur flawlessly.

    For further information contact Wilton Carpets Commercial on 01722 746000 or sales@wiltoncarpets.com

    SEMINAR: Practical Advances in Decorative Textile Technology

    150 150 Daniel Fountain

    Panaz are holding a Breakfast Seminar on the Practical Advances in Decorative Textile Technology at the Institute of Directors, Pall Mall at 8.30am on Wednesday 20th June.If this would be of interest please refer to the downloadable PDF invite here and RSVP as shown advising numbers.

    Admission is allocated on a ‘first come, first served’ basis.

    IFX Market Report for 13/06/2012

    150 150 Daniel Fountain

    UK

    The pound started the Tuesday session at 1.2415 against the euro before falling to around 1.2373 after UK Manufacturing Production figures for April showed a fall to -0.7%, down from 0.9% the previous month, well below the consensus of 0%, which could possibly point towards a GDP contraction for Q2.Sterling recovered and progressed further in the afternoon, GBPEUR rose to 1.2480, its highest in nearly two weeks as investors sought alternatives to the euro on concerns about Spain and worries ahead of this weekend’s Greek elections. 1.25 remains a key area for GBPEUR to break, data releases and political announcements will be the main driver over the next few sessions.

    Against the dollar, sterling fell in the morning from around 1.5523 down to 1.5446 after the manufacturing data. However trade speculation on the Federal Reserve potentially increasing stimulus, coupled with worse than expected US Economic Optimism data saw sterling gain in the afternoon to 1.5573.

    Following a string of recent weak UK data, a growing number of analysts think the BoE could opt for another bout of asset purchases under its quantitative easing programme, possibly as early as next month after agreeing to leave them on hold this month. The minutes from the policy meeting earlier this month are released next week and will give an indication on the current stance.
    ________________________________________

    WORLDWIDE

    The euro fell against most of its major counterparts after the 10 year Spanish bond yields surged to reach a euro-era record and credit ratings agency Fitch cut its assessment of 18 of the nation’s banks amid concern Europe’s debt crisis is worsening. The euro fell to a week low 1.2442 against the dollar after trading around 1.2527, these losses were restricted by the US Federal Reserve situation.

    Technical analysts expect EURUSD to fall further after yesterday’s failure to break through 1.2575. A close above 1.26 would suggest a reverse to current falling trend.

    Spain’s bond yields rose to a record as Fitch’s prediction that Prime Minister Mariano Rajoy will miss budget-deficit targets stoked concern a €100bn ($124 billion) lifeline for banks won’t be enough to stabilize the economy. The yield on 10-year government debt rose for a third day, gaining 33 basis points to 6.83
    Initial optimism after Spain agreed a bailout deal for its banks quickly switched to worries about its long-term access to markets, which weighed on the euro. Investors were also turning their attention to Greek elections, where a victory for far-left anti-bailout parties could push Greece towards a chaotic exit from the Eurozone.

    Treasuries fell as the US prepared to sell $32bn in 3-year notes and traders speculated Federal Reserve policy makers may increase stimulus to keep the economic recovery from faltering. Bonds pared losses after Fitch’s rating cuts, renewing the refuge appeal of US government securities. The Treasury will sell $21 billion of 10-year notes today and $13 billion of 30-year bonds tomorrow.

    Federal Reserve Bank of Chicago President Charles Evans said he would support a variety of measures to generate faster job growth, underscoring his preference for more stimulus. The policy-setting Federal Open Market Committee is meeting next week as slowing job growth at home and a deepening crisis in Europe weigh on the outlook.

    The US saw a 1% decrease in the import-price index, the biggest since June 2010, this follows an unchanged reading in April, Labor Department figures showed yesterday in Washington. Prices excluding fuel fell 0.1%.

    The financial crisis wiped out 18 years of gains for the median US household net worth, with a 38.8% plunge from 2007 to 2010 that was led by the collapse in home prices, and further dented by lack of consumer spending which accounts for 70% of the US economy, a Federal Reserve study showed.

    The Indian rupee fell after Standard & Poor’s warned the nation may lose its investment-grade credit rating. Slowing growth and political roadblocks threaten India’s BBB- rating, which is one level above junk, S&P said in a statement yesterday.

    This morning German Consumer Price index figures showed an on par with consensus figure -0.2% for May, however this was down from 0.2% seen in April but the markets remained steady.

    Overnight Japanese machinery orders for April shot up to 5.7%, way above the estimation of 2.1% and far better than the previous months figure of -2.8%

    Fairmont Heritage Place Announces New Luxury Residences in New Mexico

    150 150 Daniel Fountain

    Fairmont Heritage Place, the private residence club offering from Fairmont Hotels & Resorts, has announced that it has assumed management of The Residence Club at El Corazon de Santa Fe, Santa Fe’s only downtown fractional ownership property.Fairmont Heritage Place, El Corazon de Santa Fe features 22 two-bedroom vacation residences and 50 whole-ownership homes designed in the classic Pueblo Revival style that provide the ultimate in comfort and luxury. Located two blocks from the city’s historic Plaza, the property includes two residence options; the single floor “Terra” residences and the split-level “Montanas” residence. Both feature full kitchens with designer appliances, flat screen HD televisions in the living room and master bedroom, dining area, luxury bathroom amenities and products, kiva fireplaces and a private balcony or patio. The elegant vigas, clay plaster walls, art and iron work throughout the units display a warm sense of place. Recently, the property expanded its clubhouse and reception area, added a new owners’ fitness area and private owners’ park and refreshed various furnishings throughout the resort. In addition to these amenities, owners and guests will enjoy concierge services, discounts on fine dining, spas and golf in and around Santa Fe, and amenities such as pre-arrival grocery shopping.

    In addition, the property offers prospective homeowners and guests the unique opportunity to experience the Santa Fe residences on a limited basis by booking accommodations through Fairmont’s voice and online reservation channels.

    Enterprise & Regulatory Bill

    150 150 Daniel Fountain

    The Government has announced an increase in the scope of protection for Classic designs

    Under the new measures, certain ‘artistic’ designs of manufactured goods (for example certain furniture, lamps and jewellery) created prior to 1987 may now be protected from unauthorised copying under copyright law. ACID welcomes today’s improvement in copyright protection for classic designs protected under works of artistic craftsmanship from 25 years to the life of the originator plus 70, this is a significant development and it raises further awareness about the continuing value of iconic design. Design infringement of “Classics”, however, will still have to be enforced and so we are looking for these improvements to be matched with strong enforcement policy nationally and internationally.

    Dids Macdonald, ACID’s CEO said:

    “ACID’s consistent voice to Government for over a decade has been, “Why should an iconic furniture designer have fewer rights than an artist or songwriter?” Now this has finally been recognised but it is only the start of much needed IP reform, thus far neglected, according to the Hargreaves Review of IP. Raising awareness about the importance of the value of design to the UK economy is critically important so it is a step firmly in the right direction. However, a Government leading a highly successful design nation, should be the first, not one of the last to conform to EU law in extending the term of protection for copyright works of artistic craftsmanship. It is timely that we fall in line with the rest of Europe who, collectively, view design as a significantly more valuable national asset”.

    This improvement must not be confused with unregistered design rights protection which still only lasts for 3 years under EU law and for 15 in the UK (or 5 before a license of rights can be applied for and granted). Many of the UK’s incredibly talented 240,000 strong design army rely on unregistered design right and will not benefit from this change in the law. There is now an even wider gap in the scope of protection available for designers.

    Nick Kounoupias, Partner at ACID accredited law firm, DMH Stallard said:

    “Whilst we all welcome these proposals, they cannot be seen as a substitute to ensuring that 3-dimensional designs are given full parity of rights with the drawings and documents from which they are create”

    The fight continues for equality of rights for designers between design right and copyright!

    Rezidor opens the Radisson Blu Resort, Gran Canaria

    150 150 Daniel Fountain

    The Rezidor Hotel Group has opened their very first hotel on the Spanish holiday island of Gran Canaria: the Radisson Blu Resort, Gran Canaria featuring 189 rooms. It offers an outstanding waterfront location on the island’s south western coast, near the village of Arguineguín; ca. 40 minutes away from Las Palmas. Each of the spacious rooms and suites boasts its own private balcony with panoramic views of the Atlantic Ocean and breathtaking sunsets. With sleek marble flooring, stylish modern furniture and sumptuously comfortable bedding, every guest will enjoy an especially lavish island resort experience. Accessible rooms and amenities are also available. The interior design has been conceived and developed by Sias Contract, a prestigious Norwegian studio.

    “We have tried to escape from uniformity, creating different rooms and apartments which range from the most classical style to the most contemporaneous, with an atmosphere of controlled luxury”, says Cathrine Nordhus, who, together with Harry Ronneberg, has been responsible for the project. And she adds that “the Scandinavian design coexists with a tribute to light, colours and lifestyle of the Canary Islands”.

    Guests at the Radisson Blu Resort, Gran Canaria don’t have to leave the resort to sample some of the island’s best cuisine: Dining right by the ocean’s edge, the can choose from an appetizing array of local and international menus at “La Canaria” restaurant. The “Beach Bar” at the hotel’s outdoor pool serves light snacks, and the top floor terrace lounge offers stylish drinks.

    The exotic, beach-side grounds of the Radisson Blu Resort, Gran Canaria provide the perfect play-space for guests of all ages. The vast outdoor leisure area features a garden, a gift shop, a boutique, a supermarket, salt and freshwater swimming pools, and a kids club. The resort also offers visitors the chance to unwind with a range of indoor and outdoor sports facilities, including tennis courts, a paddleball court and a beach tennis/volleyball court. A full service spa featuring the famous treatments by Institute Guinot (Paris) and well-equipped fitness centre ensure that every aspect of guests’ total wellbeing is taken care of.

    The Radisson Blu Resort Gran Canaria comprises over 200 square meters of meeting space; distributed on 6 meeting rooms, all of which are equipped with the most modern technology to accommodate presentations and all kind of conferences.

    The 12th Candela Magazine sets trends and opens up new light dimensions

    150 150 Daniel Fountain

    Inspiration through extraordinary and impressive lighting projects – the 12th issue of Candela magazine from BAULMANN has just been released containing innovative and proven lighting designs for their customers. The most recent international and national lighting projects are presented as a highlight: the new luxury resort The Romanos & The Westin Resort on the Costa Navarino in Greece with its lighting design that captures the straightforwardness and atmospheric purity of the room. The boutique hotel Canal House in the heart of Amsterdam – this presents a lighting concept with a particularly contrasting effect.

    With its „LEDs Play Black Jack“ design, BAULMANN portrays the multifaceted and creative ways in which their light fixtures can be introduced in homes: new benchmarks are being set with this design in the new Casino Mainz. Two domestic hotel room concepts round off the project presentation: both 5 star hotels, the Hilton Mainz and the Hyatt in Köln achieved a modern, design-oriented, aesthetic look with their light fixtures from BAULMANN.

    In addition the Candela Magazine picks up on the expansion of BAULMANN’s range of high-efficiency LED luminaires and introduces these new, versatile lamps to its customers. These new products are setting the trend in the world of lighting technology with their superior style and purposeful effect.

    Your personal copy can be downloaded under www.baulmann.com

    IFX Market Report for 12/06/2012

    150 150 Daniel Fountain

    UK

    Sterling started off positively on the first day of trading this week, with the two key developments over the weekend seen as the primary driving force for the initial rally in risk correlated assets, with little data out yesterday the markets were driven by the weekend’s developments.Sterling recovered from its weekend losses against the euro to trade at the high of 1.2415 from the early morning low of 1.2285.

    Against the US Dollar the pound reached a morning high of 1.5581 but as the day progressed fell to the low of 1.5497 with an overnight low of 1.5462.

    Banks in the U.K. are in better shape than lenders in much of the rest of Europe and could be doing more to help the economy, Andrew Haldane senior Bank of England official was quoted as saying yesterday.

    ‘The Bank of England should purchase bundles of small business loans in an effort to boost the supply of credit and end an investors strike that is holding back the economy’, BOE policy member Adam Posen said yesterday. Posen said major central banks around the world should engage in a fresh round of stimulus and target their efforts at parts of their economies most in need of help.

    A survey of UK businesses says short-term business prospects have improved, with the consensus on current trading levels at a 12-month high. However the Eurozone crisis may harm longer-term growth, says the report by the Centre for Economic and Business Research.
    ________________________________________

    WORLDWIDE

    The 100 billion euro rescue for Spain’s banks moved Italy back to the frontline of Europe’s debt crisis yesterday as an initial rally in the country’s bonds fizzled out on concern it may be the next to succumb to asking for bailout.

    Italy has 2 trillion euros of debt, more of a share of its economy than any developed nation other than Greece and Japan. The Italian Treasury has to sell more than 35 billion euros of bonds and bills per month, more than the annual output of each of the three smallest euro members, Cyprus, Estonia and Malta.

    The euro drifted lower during trading yesterday as cautious investors gave the Spanish bank recapitalization plan a luke warm reception, fretting about the forthcoming Greek election and continuing concerns over the way the Spanish deal is structured. The euro reversed all of the weekend’s gains against the dollar falling from the high of 1.2646 to end the session near the low of 1.2484.

    Skepticism quickly overpowered any euphoria stemming from the weekend’s news of Spain’s plans to secure a banking recapitalization from international creditors, as a rally in the euro and in Spanish government bonds reversed after just one morning session of trading. The bailout funds may provide the country with enough money to shore up its banking system after three failed attempts in as many years.

    The German government said Monday the aid request by Spain will send a positive signal to financial markets. “It is good that we know now that an aid request by Spain is on its way,” said Chancellor Angela Merkel.

    Rather than a euro failure, an orderly Greek exit from the currency has Nomura Holdings chief strategist Jens Nordvig predicting a stronger and more stable monetary union. While Societe General goes one step further and suggests that the entire euro might break up because of the cost of Greece’s departure, the nation accounts for just 2.3% of the 17-nation GDP. It also has 356 billion euros or 4.3% of the region’s total debt.

    In China exports rose to 15.3% in May and more than double the pace analysts estimated while industrial output and retail sales trailed forecasts, signalling that last week’s interest-rate cut was aimed at countering a domestic slowdown.

    In Japan the Yen’s gains faltered against its major counterparts after comments by the International Monetary Fund stoked speculation global policy makers will tolerate attempts by Japan to weaken its currency.

    Introducing Ecuador by Skopos

    150 150 Daniel Fountain

    June will see the launch of a new upholstery collection from the Accents range by Skopos. Following the vibrancy of the Calle velvets launched by Skopos in May, Ecuador is a collection of textured weaves, delivering natural simplicity with tonal interest. This collection offers an extensive palette of 29 colours echoing nature and the tropics, with a rugged slub feel. Ecuador brings honest simplicity and interesting dimension to interior schemes and provides a much anticipated choice of interesting textural upholstery plains at a competitive price point.

    Both collections are flame retardant to Crib 5, offering 45,000 Martindale rubs in line with the requirements of the contract hotel and leisure sector. Available with small minimums and short lead-times, customer interest has been evident prior to the official June launch.

    Skopos is an ISO9001 accredited company and has over 30 year’s specialist experience in the design and manufacture of high performance FR contract fabrics for the hospitality sector.

    A clean sweep in hotel bathroom design

    150 150 Daniel Fountain

    The specification of sanitaryware and furniture for the bathroom is unquestionably a crucial element of the overall design of the space, not only in terms of its design and aesthetics to please the eye of the hotel guest, but also on a practical level to ensure that it works in terms of housekeeping too.By investing in a quality, trusted brand of sanitaryware hotels are not only investing in products that will meet the high expectations of their guests but also ensuring they are getting a durable product that will last the test of time.

    One of the main considerations in hotel bathrooms is ease of cleaning, something that is assured with Laufen’s award-winning surface finish LCC (Laufen Clean Coat). This innovative finish seals even the tiniest pores of the ceramic glaze, making it hygienic and extremely easy to clean.

    Laufen also offers a simple ceramic shelf to co-ordinate with many of its sanitaryware ranges, including its news Palace and Living Square washbasins which have been designed specifically with the hotel bathroom in mind. The ceramic shelf sits below the basin, providing handy open storage for towels and toiletries while being easy to wipe clean.

    “Hotel bathrooms can be fairly typical in their design, whereas our products combine innovation and creativity,” comments Laufen’s Manager for Global Projects Ilker Hussein. “Take, for example, the basin area. Typically you will find a countertop or inset basin with a granite worktop. Laufen’s long basins enable the designer to create a far less commercial feel and something much more akin to what guests would choose for the bathroom in their own home. These basins give an airy feel to the space, with a bowl area and adjoining draining space eradicating the need for the granite top. A matching ceramic shelf below the basin completes the look while the entire space is kept minimal and easy to wipe clean with a simple flick of a cloth.”

    For more information on Laufen products for hotel bathroom design contact Ilker Hussein at ilker.hussein@laufen.ch

    RBG Bar & Grill, Offering the Thrill of the Grill, Opens In the Radisson Hotel Seattle Airport

    150 150 Daniel Fountain

    Radisson Hotel Seattle Airport has recently announced the opening of its new restaurant, RBG, a bar-and-grill in an inviting, contemporary setting featuring a great tasting, healthy range of menu options – many served sizzling from its signature grill – with an added choice of local Washington specialties. The menu features a selection of creatively presented local specialties, like pristine Pacific seafood, including wild salmon, line-caught halibut, Dungeness crab meat and carefully sourced produce. RBG also promises the best hamburger in town, made from freshly ground 100% American Black Angus beef, a soft toasted brioche bun, garnished with a variety of flavours and served with RBG’s trademark truffle-parmesan shoestring potatoes. The homemade desserts will be changed seasonally to combine traditional flavours with locally produced apples, nuts or ice creams.

    A Northwest native, Executive Chef Cedar Martin grew up on the Olympic Peninsula in the quaint town of Lake Quinault, considered by many to be one of the state’s most breathtaking locales. Chef Cedar is excited to return to the Seattle area and incorporate his natural talent for creating true Northwest cuisine at the 80-seat RBG.

    All draft beers come from local micro breweries and the wine list is comprised of Washington produced wines like Canoe Ridge Chardonnay, from the world-renowned Chateau St. Michelle winery, delivering crisp apple and white grapefruit aromas and flavours with a clean, refreshing finish.

    The 204-room Radisson Hotel Seattle Airport is the ideal headquarters for enjoying everything the beautiful Northwest region has to offer. Located directly across from Seattle-Tacoma International Airport, the hotel is only minutes from the business centres, Boeing Field, corporate offices, shopping and entertainment of the Seattle Metropolitan area.

    IFX Market Report for 11/06/2012

    150 150 Daniel Fountain

    UK

    GBPEUR traded within a tight 44 pip range on Friday with a high of 1.2389 and a low of 1.2345, the weekend’s trading has been mostly downward for this pair with the euro gaining around a cent to trade as low as 1.2251, sterling has recovered slightly to trade this morning around 1.2309. With two strong sets of resistance just over 1.24, it is more likely we will see a further test of technical support at 1.2301 especially given the increase in confidence coming out of Europe this weekend.GBPUSD steadily lost ground through Friday’s session, opening at the high of 1.5524 and closing near the low of 1.5405. Sterling has recovered slightly over the weekend and this morning markets have opened around 1.5539 after the weekends low 1.5460. Key resistance to break on USD is at 1.5630, just above the highest rate of last week which was 1.5599.

    Britons expect the annual rate of inflation to rise in the coming years and stay firmly above the Bank of England’s 2% target a survey showed Friday.

    The BoE approval rating among Britons fell back in May to near its lowest on record since the survey began in 2001. The public’s “net satisfaction” with the way the BOE is doing its job to set interest rates and control inflation fell to a balance of +11 in May from +20 in the last quarterly poll in February.

    Chancellor of the Exchequer George Osborne said yesterday that the UK recovery is being “killed off” by the euro zone’s deepening crisis and the UK economy faces “huge”risks from a disorderly breakup of the region.
    ________________________________________

    WORLDWIDE

    Once again we have seen an extremely volatile weekend in the currency markets. The euro is off to a great start this week, up almost 1% against the US Dollar and sterling following news yesterday that the Spanish banking sector has effectively rubber stamped a capital injection of up to €100 bn. After a hastily organised video conference, lasting more than two hours on Sunday, the 17 euro zone finance ministers issued a statement saying they were “willing to respond favourably” to a Spanish plea for help. The Spanish stock market responded favourably with Government owned Bankia gaining 16%.

    EURUSD opened at the session high of 1.2571 and fell steadily through the course of the session on Friday. Despite a small, late recovery from the 1.2437 low the pair closed at 1.2487. During the weekend, at the same time as the euro gained versus sterling, we saw an identical strengthening against the US Dollar to move up over a cent in a few minutes to trade at 1.2665. This morning the session has opened around 1.2618. The gap from lower support to top resistance in this pair has extended to nearly four cents now, suggesting we could see plenty of volatilty in the coming sessions.

    It seems that the euro’s troubles may only be off the agenda for a short while though. With the Greek elections due on Sunday, we can expect further insight this week as and when polls are released. Renewed discussions of a Greek exit from the euro have been triggered by a crisis in the country’s energy system which has managed to develop a €350m hole in the pockets of power grid operator LAGHE.

    Risk trades are sharply higher at the weekly opening, as the market focuses on positive signals from the weekend’s Chinese data. China’s trade balance witnessed an unexpected surplus in May, where Exports, Imports and trade balance exceeded estimates.

    The French economy will contract in Q1 this year for the first time since 2009. GDP in the euro zone’s second largest economy, will contract 0.1% in Q2, this comes a day after France’s unemployment rate reached 10% .

    On Friday, German exports and imports both fell in April from an all-time high in March. Exports fell 1.7% on the month in April to €90bn, after rising for three months in a row. The decline in imports outpaced this with a 4.8% fall on the month to €73.9bn.

    The US trade deficit narrowed 4.9% in April, a sharp pullback in imports and exports to the euro zone suggested the region’s troubles are increasingly affecting the US economy.

    Also on Friday, Canadian unemployment rate met forecast and remained unchanged at 7.3% in May.

    DoubleTree by Hilton Debuts in Okinawa, Japan

    150 150 Daniel Fountain

    Hilton Worldwide has opened the DoubleTree by Hilton Naha in Okinawa, Japan – the tenth Hilton Worldwide hotel in Japan and the first in the fast-growing, upscale DoubleTree by Hilton brand portfolio. Located in Naha, the capital city of Okinawa, the 227-room hotel is directly opposite the Okinawa Monorail station in Asahibashi, 11 minutes away from Naha Airport by monorail and 500 metres away from the local ferry terminal.”DoubleTree by Hilton is delighted to continue the expansion of our Asia Pacific presence by introducing another rewarding hotel experience with the DoubleTree by Hilton Naha. This new addition is our first in Japan and an extraordinary milestone for our brand’s global growth. It continues our growth strategy to provide outstanding hotel offerings in gateway countries and cities around the world,” said Rob Palleschi, global head, DoubleTree by Hilton.

    “We are thrilled at the opening of the DoubleTree by Hilton Naha. With close to 50 years of proud history in Japan, this latest opening is our tenth and further reinforces Hilton Worldwide’s commitment to growth in this wonderful country with our diverse and outstanding portfolio of hospitality brands that includes DoubleTree by Hilton,” said Martin Rinck, president, Asia Pacific, Hilton Worldwide. “The DoubleTree by Hilton, Naha will contribute to making Okinawa a great place to visit for business and pleasure.”

    Located along Higashimachi, DoubleTree by Hilton Naha is just one kilometre from Kokusai Dori, the premier shopping district in Naha, and various Okinawa government and business centres such as Okinawa City Hall, Tax Bureau, Commerce Authority and the Electricity Supply Bureau. The Shuri Castle, formerly a royal palace during the time of the Ryuku Kingdom and presently a world heritage site, is five kilometres away.

    The 12-story DoubleTree by Hilton Naha will offer a 40 square-metre meeting room, a salon, a laundry and car parking facilities. Guests can also enjoy their meals at The Riverside Restaurant and Cafe, the hotel’s all-day dining outlet serving an international cuisine.

    ESTATE Ultra Bar in Chicago No Longer Has That Sinking Feeling

    150 150 Daniel Fountain

    The ESTATE Ultra Bar in Chicago, which opened over leap day this year, has undergone a $3 million dollar renovation of the previous space – which was literally falling into the river when acquired. After spending $1.4 million to rebuild the river side structure, whose foundation was sinking into the river, ESTATE put an additional $1.7 million into the space to make it what it is today – Chicago’s newest sleek lounge/restaurant that boasts Chicago’s largest rooftop, and river side skyline views.

    The ESATE team tapped D+K Architects to carry out the construction, rebuild the structure including the ceiling where 10 ton hydraulic jacks held the existing ceiling up as the new structure was put in. Additionally brand new plumbing and electrical had to be installed. Before we even go to that point, days were spent demo’ing and removing 24 dumpsters worth of the old venue. This is all before even getting to the design and aesthetics of ESTATE.

    The design concept was based off trips to the West Coast the owners had taken a few years ago. After seeing the success of venues in LA such as MyHouse, Playhouse, Villa and Green Door, they knew Chicago needed something similar. They liked the idea of guests feeling at home – with this information and the layout of the building, D+K was able to come up with a design with several rooms, mimicking a house, or an estate in our case. Each room has its own name and theme, with decor to match -The Atrium, Front Room, Living Room, Dining Room and Trophy Room. The exterior spaces are the Terrace, Boat Dock, Gazebo, and Sky Deck.

    In A UK First – Travelodge Opens Its 508th Hotel with Topshop

    150 150 Daniel Fountain

    Edinburgh’s largest hotelier Travelodge is delighted to announce the opening of its 13th hotel in the city with Arcadia Group Ltd – the UK’s largest privately owned clothing retailer.

    In a UK first, Travelodge has opened a 96-room Travelodge hotel above Edinburgh’s largest Topshop store in the city’s prestigious retail heartland, Princes Street. The four storey hotel which represents an investment of £10 million has been built in Scotland’s very first steel frame grade ll listed building. In addition to this hotel, Travelodge has also opened an 85-room hotel in a grade ll listed property on Queens Street. This development represents an £8.5 investment and has been built in line with the Company’s ‘Metro’ style hotel model. Both investments have created 40 new jobs within the Edinburgh community.

    Travelodge’s Managing Director, Paul Harvey was joined by Malcolm Roughead OBE, Chief Executive of Visit Scotland to officially open both hotels.

    Paul Harvey, Travelodge, Managing Director said: “As Edinburgh largest retailer we are delighted to be opening a further two new hotels in the city centre. Since 2008, we have invested £64 million into Edinburgh and today we have 13 great hotels across the city. By offering rooms from £19 we are making Scotland’s capital more accessible to business and leisure customers.”

    “With over 16 million people annually visiting Scotland, the need for good quality low cost accommodation is in great demand and our objective now is to grow our properties in other key areas across Scotland. To fulfil this need we are working with our retained property agents Sandy Cameron & Co to find new sites.

    “This autumn we are opening a 60-room hotel in Fort William and I am delighted to announce that we have just exchanged on a new property in Glasgow city centre.”

    Malcolm Roughead, Chief Executive of VisitScotland, said: “Investment in Scotland’s tourism industry is key to Scotland’s future. There are almost £2 billion worth of projects underway to improve tourism infrastructure across the country and Travelodge’s investment is another welcome addition to this. Edinburgh continues to be one of the jewels in the crown for Scottish tourism and the opening of another two hotels is testament to the city’s eternal appeal.”

    RIBA encourages architects to apply for R&D tax credits

    150 150 Daniel Fountain

    The Royal Institute of British Architects (RIBA) has today (Thursday 31 May) published free guidance for architects on the tax credits that are available for Research & Development (R&D). ‘UK Research and Development Tax Credit Scheme – a guide for architects’ has been published in response to Institute concerns that architects may be unaware they are missing out on thousands of pounds in tax credits for their R&D work.The R&D tax credit scheme has paid out nearly £6 billion in tax relief to some 24,000 companies since its introduction in 2000. Recent changes to the regulations mean that small and medium-sized enterprises (SMEs) could see a return of up to £25 for each £100 spent on R&D on or after 1 April 2012. The average claim for SMEs was £40,000 in 2008-9, rising to an average of £82,000 for those who had claimed regularly in the past.

    The RIBA guide, written by consultants Capita Symonds, emphasises that many architects who carry out research and development work on an informal basis or as part of a fee-paid job may not realise that they are able to claim relief on corporation tax.

    RIBA Head of Technical Research, Anne Dye said:

    “It is important that architects realise that work which is part of their day-to-day activities could actually fall under the heading of R&D for tax purposes. This guide encourages more architects to explore the possibility of claiming tax credits.”

    Chair of the RIBA Research and Innovation Group Professor, Murray Fraser said:

    “British architecture depends on investment in R&D to keep it at the forefront of the profession worldwide. In the current climate, support for practices who undertake R&D is more important than ever, as are initiatives which attract more architects to the tax credits scheme.”

    Accor celebrates its 500th hotel in Asia Pacific with the opening of the 1st Pullman in India

    150 150 Daniel Fountain

    Accor reaffirms its position as largest international hotel operator in Asia-Pacific with the opening of the Pullman Gurgaon Central Park, the Group’s 500th hotel in the region. The announcement also marks the debut of the upscale Pullman brand in India.Pullman continues to expand its network in prime business and tourism destinations

    The Pullman Gurgaon Central Park, which opened in April 2012, is destined to become New Delhi’s major financial and industrial region’s “must stay” destination.

    The hotel, which is designed to welcome seasoned travellers, has 285 rooms, including 22 suites as well as Pullman’s best signature services: Welcomers, the Pullman bed, the docking station, the Vinoteca by Pullman wine selection, free Wi-Fi, Connectivity Lounge, Nespresso® services and the Co-Meeting offer. Its outdoor pool, spa, fitness room and yoga lessons allow guests to combine business with relaxation.

    With this first address in India, Accor’s upscale international brand continues to expand its network in key business and tourism destinations, reflecting Pullman’s cosmopolitan, vibrant and modern personality.

    Cosmopolitan flavours

    The establishment has three restaurants to meet the expectations of both its international and local customers:
    • SEN5ES serves international cuisine and offers guests an interactive experience with the food prepared live by cooks in front of them.
    • The very urban LA RIVIERA draws its inspiration from Mediterranean French and Italian cuisine. Guests can also enjoy the Vinoteca by Pullman selection of great wines.
    • PONDICHERY (opening end 2012), the rooftop restaurant, serves creole Southern Indian classics with a European twist.

    As well as these three restaurants, the hotel has two bars:
    • CITRIQUE offers guests an intimate and refined atmosphere ideal for business meetings or relaxing with friends.
    • The TIKI poolside bar serves grilled food and tapas in a casual, Polynesian setting.

    The Pullman Co-Meeting offer: a unique concept for business events

    Like all 65 Pullman addresses around the world, the Pullman Gurgaon Central Park offers the Pullman Co-Meeting concept that focuses on the themes of comfort, commitment, connectivity and cohesion.

    The hotel offers a wide choice of indoor and outdoor meeting facilities, including nine rooms that together represent over 5,000 sq. meters, as well as a ballroom that boasts an eight meter high ceiling and opens out onto landscaped gardens. All the spaces are equipped with the latest technologies: high speed Wi-Fi, wide screen LCD TVs, teleconference services. The 3D Meeting Matrix® solution allows event organizers to personalize and visualize the meeting spaces online. The hotel’s Privilege Lounge is ideal for exceptional events, as well as the establishment’s terrace with a view of the city of Gurgaon. Lastly, the offer also includes the signature Pullman Chill-Out and Pullman Connectivity Lounge spaces.

    IFX Market Report for 08/06/2012

    150 150 Daniel Fountain

    UK

    The pound rose to a one-week high against the US dollar as the Bank of England kept its asset-buying program and benchmark interest rate unchanged. The BOE kept its QE on hold at £325bn on Thursday, sparking a wave of out-performance in sterling and invalidating speculation that the central bank would take a more dovish stance. The panel led by Governor Mervyn King also decided to hold the key interest rate at 0.50%. The current rate is the lowest since the central bank was established in 1694. Further QE is not out the window for the foreseeable future. The BoE’s most recent monthly inflation report said “the possibility that the substantial challenges within the Eurozone area will lead to significant economic and financial disruption continues to pose the greatest threat to the UK recovery.”

    GBPEUR advanced to a high of 1.2398 from morning lows of 1.2298. With a number of clear breaks below the support level of 1.2350 technical indicators suggest a move lower to be possible. Headline risks however remain the key market mover meaning any more negative headlines could see us move back towards GBPEUR 1.25. The pound has advanced 3.3% against the euro in the past three months reaching 1.2577 on May 16, the strongest level since November 2008.

    GBPUSD advanced 0.5% to $1.5601, the highest since May 30. While the lack of QE helped, the day high actually came after China surprised the markets by cutting borrowing costs by 25bps in a bid to boost growth. Technical’ s suggest the pair is oversold, look for a close above 1.56 to confirm a short-term corrective bounce into the 1.5600-1.5800 area.
    ________________________________________

    WORLDWIDE

    In late afternoon ratings agency Fitch downgraded Spain’s credit rating to BBB from A with outlook negative. This was closely followed by EU’S Junker comments of “ the Eurozone must integrate more to stem the debt crisis, our region faces crucial days and weeks ahead”.

    Meanwhile Spain’s bond auction was oversubscribed yesterday, which means that the country’s fiscal problems have not deterred investors seeking a higher yield.

    German Chancellor Angela Merkel said yesterday that there is no quick fix for the Eurozone debt crisis and that it will take years to repair Europe’s monetary union. “It is human to think there could be a single blast to clear the path and then the euro crisis will be over, but I don’t think that will work,”.

    China cut interest rates for the first time since 2008. The People’s Bank of China reduced the rate by a quarter point to 6.31%, effective from June 8. The deposit rate was lowered to 3.25% from 3.5%. The decision to cut interest rates by 25 basis points was quite unexpected and revives some hopes of fresh stimulus measures in Europe and the United States.
    The Australian and Canadian Dollar benefited most from the Chinese rate cut moving to day, week and month highs against the euro, US dollar and Japanese Yen.

    The US economic recovery faces significant risks, including from the European sovereign debt crisis and uncertain US fiscal policy, Federal Reserve Chairman Ben Bernanke said in testimony prepared for a congressional hearing Thursday.

    EURUSD rallied to a 10-day high of 1.2625. However, later on in the trading day and following Ben Bernanke’s perceived positive comments the USD regained strength pushing the rate down to 1.2539. As with Cable this pair could well benefit from a corrective bounce. Assuming no negative headlines affect risk appetite (which is a big ask) look for a break of 1.2630 as key resistance.

    New claims for unemployment benefits in the US fell slightly more than expected for the week ending June 2, according to figures released yesterday by the Labour Department. New figures put the level of initial jobless claims at 377,000 for the week, on a seasonally adjusted basis, a drop of 12,000 from the previous week’s revised level of 389,000.

    Investment Sentiment Strengthens in Europe Despite Uncertainty

    150 150 Daniel Fountain

    According to Jones Lang LaSalle Hotels’ latest Hotel Investor Sentiment Survey, investment sentiment for hotel assets has strengthened across EMEA with yield and IRR requirements hardening when compared to October 2011. In EMEA, yield requirements decreased by 40 basis points to 7%and leveraged IRR requirements fell by 100 basis points to 15.4%.Jon Hubbard, CEO Northern Europe Jones Lang LaSalle Hotels said: “Despite the on-going sovereign debt crisis, economic contraction in many EU countries and instability in the European banking system, recent indicators suggests that confidence in the hotel real estate sector has improved since October 2011. London, Paris, Munich and Stockholm are positioned as some of the most stable European hotel markets reflected by their low yield requirements and they continue to attract a substantial amount of investor interest.”

    Of the 37 cities tracked, 17 (46%) are expected to show trading performance growth in the short term (6 months), a figure which increases to 31 cities (84%) when medium term performance over the next two years is considered. In anticipation of the upcoming Olympic Games during July and August 2012, London is the highest ranked market for short term trading. However, sentiment for medium term trading has softened as the high demand of the Olympic Games period is not expected to be sustained, while hotel supply continues to grow.

    Trading expectations for Central and Eastern Europe are positive and strengthened compared to the previous survey. Warsaw posted one of the highest RevPAR growth rates in Europe in 2011 and the outlook for 2012 is promising, in light of the EURO 2012 Football Championship and another year of buoyant economic growth expected for Poland.

    In terms of investor intentions, buy intentions remain strong at 42.6 percent, in line with a dynamic hotel investment market in the first quarter of 2012 and exhibit continued investor interest for prime hotel markets in EMEA. Unsurprisingly, build intentions were low throughout EMEA given that debt for new developments remains scarce, although results indicate some pockets of opportunity in CEE and the Middle East. Results were comparatively high for CEE (20.2%) with development opportunities in Warsaw (23.1%) and Zagreb (23.5%). Istanbul, at 23.8%, reported one of the highest results and underpins the development potential for this growing tourism market.

    Looking towards the Middle East and Africa (MENA), investor sentiment for short term trading was negative, although expectations have improved since the last survey. Despite this, investors are confident that trading in Dubai will continue to improve in the short and medium term. The city has seen a significant growth in tourism arrivals while hotels reported strong performance results in 2011 and Q1 2012.

    Overall, many markets in MENA have stabilized since the Arab Spring although the region remains volatile. In the near future, however, investors believe that conditions will improve and that hoteliers can expect to see an up lift in trading performance.

    Christoph Härle, CEO Continental Europe Jones Lang LaSalle Hotels concluded: “According to investors perceptions, yield requirements are likely to increase over the next six months for EMEA markets where conditions remain difficult in light of tight debt markets and weak economic conditions. However, there are a number of key markets in Europe, such as London, Paris and Munich, where we see continued downward pressure on yields. With expectations close to the 2007 sentiment in some key hotel markets and perceived strong underlying economies, we witness a “flight to security”. However, the European debt crisis seems to be becoming of greater concern. Given the volatility of the current economic climate, we expect a widening range of yield expectations and investors interest depending on local economies and individual hotel markets.

    Softly Textured Plain Weave Linen from Volga Linen

    150 150 Daniel Fountain

    Volga Linen are pleased to introduce plain weave linen in a refined pallet of natural colours.

    Perfect for curtains, blinds, loose covers, cushion covers and lampshades.For other products in 2012 catalogue, click here.

    PLEASE CONTACT US:
    0844 4991608
    London Shop:
    17 Langton Street, SW10 0JL
    Tel: 0207 3525616

    PTT Design Seating Collection

    150 150 Daniel Fountain

    With the forthcoming launch of our exciting new Seating Collection we thought you would like to see a taster of things to come. The official launch will be confirmed in due course, with our new seating binder available to pre-order from June. If you would like to reserve your copy please contact Ptt Design, as there has been a huge amount of interest already. We would love to see you at this year’s Sleep event, where Ptt Design will showcase some of our key seating pieces. This will be in addition to our vast bedroom case goods collection, which we have manufactured and installed over the last 25 years to some of the most discerning clients.

    The seating images here are from the recently completed Sheraton Hotel, London Heathrow, where Ptt Design manufactured and supplied bespoke seating for the public areas, restaurant, bars and communal areas.

    Coming soon: project images from the Corinthia London, Intercontinental on Park Lane London, Waldorf London.

    If you would like further information on any Ptt Design products or services then please feel free to contact us, we will be happy to assist.

    Comfort Brands To Open First Hotel to Feature New Truly Yours Design

    150 150 Daniel Fountain

    At its franchisor’s 58th Annual Convention in Las Vegas, it was announced that the first-ever Comfort hotel to feature the brand’s entirely new design package is scheduled to open next month — the Comfort Inn & Suites hotel of Spokane Valley, Wash. As the first hotel to boast the new Comfort design, the recently-converted Spokane Valley Comfort Inn & Suites hotel replaced all of its existing furniture, fixtures, and equipment to incorporate the new Comfort Truly Yours prototype design package. After announcing a completely new design for the Comfort Inn and Comfort Suites brands at last year’s convention and an aggressive new Redefined & Redesigned strategy for the Comfort brand franchise family this past January, it’s time to check-in on the Comfort brand’s strong momentum. The new Truly Yours Comfort hotel prototype was designed using feedback from more than 1,500 guests, which showed that overall intent to stay nearly doubled for consumers in response to the new Comfort Inn and Comfort Suites designs* and that guests are willing to pay significantly more on average per night compared to the current design.** More than 100 Comfort properties have already began implementing elements from the new design package.

    Also announced at this year’s Convention is the rollout of the Comfort “Your First Impression” brand program. This program will take the guest’s first impression to a new level, including new signature front desk experiences and new uniforms at every domestic franchised Comfort location within 2012—that’s more than 2,000 new front desk areas and more than 40,000 hotel employees sporting upgraded new uniforms by the end of this year. The front desk experience for guests will feature a redesigned “welcome wall” incorporating a reception desk and stone backdrop with soft integrated lighting.

    The Your First Impression program is part of the brand family’s overarching strategy to refresh and redefine, including removing hotels that do not meet guest satisfaction standards, refreshing existing hotels, and adding new construction prototypical hotels—all scheduled to be complete by 2015.

    Comfort Suites continues its plan to appeal to the tech-savvy business traveller with the Your Suite Success program. The Your Suite Success in-room recharge station will be a featured amenity at every location by June 1st, supplying convenient access to outlets and USB ports in more than 47,000 rooms. In addition, Comfort Suites hotels are upgrading fitness centres and adding items for sale that are popular with business travellers.

    *Source: Element Market Research, Inc., Choice Hotels International Comfort Inn Design Test, January 2010. Respondents indicated that they would be likely to stay at a Comfort Inn with the Truly Yours design (75%) than the current design (40%) and to give the Truly Yours design high ratings (top-three box scores) on the brand positioning attributes.

    **Source: Element Market Research, Inc., Choice Hotels International Comfort Inn Design Test, January 2010. Design test found that respondents expect to pay an average nightly rate of $93 for the Truly Yours design vs. $77 for the current design.

    SOURCE Choice Hotels International, Inc.

    Boutique hotel industry centres on London for Boutique Hotel Summit

    150 150 Daniel Fountain

    Europe’s only b2b conference for the boutique and lifestyle hotels sectors attracts more than 220 international attendees.

    The boutique hotel industry descended on London in the latter part of May for the second staging of the Boutique Hotel Summit, Europe’s only b2b conference for the boutique and lifestyle hotels sectors.Held at Altitude London, on the banks of the Thames, the conference attracted more than 220 attendees from as far afield as Beirut, Dubai, Ghana, Sweden, Malta, Italy, France, the US, the Caribbean, Spain and Ireland.

    A comprehensive seminar agenda featured sessions on marketing, finance, technology, art & design, sustainability, food & beverage, and much more. And a myriad of networking opportunities included a “speed dating” business card swap, cocktail reception and hotel tour.

    Event organiser Piers Brown said: “We’ve been delighted with the way Boutique Hotel Summit has grown and developed from last year. Attendance was up by around 50 per cent, we had a terrific list of speakers and the networking sessions really brought people together. A big thank you to all our sponsors, speakers and delegates for making the event possible.”

    “A very encouraging development has been the buzz the event has created on Twitter. Many of our delegates were tweeting during the event, and their output has been the basis of a lively worldwide discussion online,” added Brown.

    For more information about the event visit www.boutiquehotelsummit.com or join the conversation on Twitter #BoHoSummit

    Delegate feedback

    “The standard of the speakers has been excellent and all the content has been relevant and inspiring to boutique hotels.” Heidi Fitzpatrick, marketing executive, The Hotel and Extreme Academy, Watergate Bay

    “Worth flying over from Malta for!” Louise Pullicino, group business development manager, Xara Palace Relais & Chateaux

    “Fantastic networking opportunity with some of the world’s most influential hoteliers and professionals within the hotel industry.” Angela Dingle, creative director, Hughan Design

    “A good networking opportunity with quality speakers.” Mark Skinner, partner, The Highland Group

    IFX Market Report for 07/06/2012

    150 150 Daniel Fountain

    UK

    As reported yesterday, UK Construction PMI was released, the slightly better than expected figure still revealed a fall from last month but despite being the lowest figure for 3 months the pound enjoyed early session gains. After 2 days of range bound consolidation, GBPUSD finally gathered steam and pushed decisively above the 1.5400/10 resistance area from a low of 1.5376 to reach a 6-day high of 1.5515 amid improved market sentiment, but retreated to levels sub 1.5500 as the dollar started to gain traction as the US markets opened.

    GBPEUR hit a high of 1.2419 but fell sharply in the afternoon dropping to a low of 1.2322. The fall against the euro has continued overnight as GBPEUR hovers just above 1.23. The next support level to watch is 1.2285 to judge the decline.

    The recent aggravation of the EU debt crisis might push the Bank of England towards an expansion of its asset purchase program later today. City analysts have said the decision is far from certain but remains a distinct possibility. As far as BoE’s interest rates are concerned any cuts are unlikely but could happen in co-ordinated action with other central banks.

    UK Halifax House Prices for May came in this morning at 0.5%m/m and -0.1% y/y versus expectations of -2.4%m/m and -0.5%y/y
    PMI Construction data released this morning beat expectations at 53.3 matching last month’s figure.
    ________________________________________

    WORLDWIDE

    The highlight of yesterday was the ECB verdict to keep interest rates on hold at 1.00%, although there was speculation for a 25bp, EURUSD was unmoved on the back of this release suggesting a cut was not priced in.

    In his press conference afterwards ECB President Draghi remained objective. He noted that Eurozone growth remains weak and that the economic outlook is subject to downside risks. He also said that market tensions and unemployment will weigh on the Eurozone economy.

    President Draghi’s two key comments – that the ECB is watching data closely and is prepared to act, and that a few council members called for a rate cut – suggest that another round of easing or at least some new measures could be introduced if market conditions deteriorate.

    After initially falling to 1.2456, EURUSD rose during the press conference to hit a high of 1.2570 as the European markets closed. Overnight the gains continued, briefly touching 1.2583. The pair currently sits at 1.2550 and the 1.2625 is eyed as the next key resistance level.

    German Industrial Production fell in April by 0.7%, in comparison with the 1.4% rise registered in March. On a monthly basis German Industrial Production decreased in April by 2.2%, following 2.2% growth in March. This reading is lower than the expected 1% drop.

    Germany has remained the region’s strongest economy since the onset of the crisis, recently posting Q1 economic growth of 0.5% which helped the Eurozone avoid recession. Wednesday’s data increased fears that that economic woes will catch up with Germany, which has thus far benefitted from low unemployment and increased exports to emerging markets.

    IMF estimates that Spanish banking sector needs at least EUR 40bln in new capita – all eyes will be on the Spanish 10-year bond auction today
    Yesterday the Fed published an updated edition of the Beige Book, which is released in conjunction with Fed’s monetary policy meetings. The report showed a slightly more positive image of the US economy. This somewhat optimistic tone suggests a new round of QE seems to be somewhat premature. US QE is a key catalyst for USD weakness so providing Ben Bernanke doesn’t elude to anything in today’s speech, yesterday’s data could support the US currency for the time being
    Better growth numbers from Australia, stronger equities and rising commodity prices have all supported the AUD, and the CAD this week as they continue to extend a respective 2.7% and 1.2% move against sterling. Against the US dollar, AUD has moved from 0.9775 to 0.9990.

    With the aggressive decline in growth-sensitive markets since the beginning of May, expectations for a stimulus response from the ‘financial stability guard’ (Fed, ECB, PBoC, etc) have risen sharply, however to date this week official comments contradict this rehetoric.

    Accor goes to 6th Place in the World Ranking Following the Sale of Motel 6

    150 150 Daniel Fountain

    Fifth largest hotel group in the world with 531,714 rooms as of 1 January 2012 for over 4,400 hotels in the world, Accor is going to lose almost 1,102 hotels and 107,000 rooms once the sale of Motel 6 and Studio 6 is finalized later this year. By removing these two brands from their network, Accor slides back a notch behind Choice Hotels International (taking into account their figures as of 1/1/2012).The structure of the American hotel market makes the situation for economy brands more difficult during a period of crisis. During the phases where hotels lower their prices, the important size of the mid and upper-range sector, compared to the lower range sector, makes the latter lose market shares that are hard to get back. Contrary to Europe, the economy sector is the base that plays a role in easing the cycle.

    Accor group remains largely on top of the podium in Europe, Latin America, and Asia pacific. The scheduled development (40,000 rooms/year) and the pipeline already set up are focused on both “continents”: Asia Pacific and Latin America, where the group wants to improve even further its positions. In Europe, even if the rhythm is slowing down, growth needs to be secured by an extra effort from franchising within economy brands. This is the reason why there is such a strong communication campaign for the Ibis “Super brand”.

    Now that the group is totally out of debt, and a “money-arsenal” immediately available, Denis Hennequin hasn’t given up on other external development campaigns, like Mirvac in Australia, to reach the Group’s announced objective, which is to be one of the top-three hotel groups in the world.

    As it is already a shareholder of many hotel groups (Hilton Worldwide, La Quinta, Simply Hotels (formerly known as Mister Bed)), through the acquisition of Motel-6/Studio6, Blackstone becomes the largest hotel owner in the world with direct control of over 850,000 rooms across the world.

    Is This The Most Unusual Hotel In The World?

    150 150 Daniel Fountain

    Spitbank Fort is an unusual and historic sea fortress in the Solent, off Portsmouth. Now a luxury exclusive venue and hotel, the fort was formerly home to hundreds of soldiers guarding the approaches to Portsmouth. The arms and ammunition have long been removed, making way for nine luxuriously furnished bedroom suites, three bars, three restaurant areas, and spa facilities.The designers at Clarenco chose Frank Hudson furniture to blend in with the luxurious and exclusive surroundings. The Frank Hudson Safari, Vermont and Alexandria collections were used.

    If it is a retreat from the world that you need, this could be the place for you.

    To find out how Frank Hudson can help with your project Contact Keith Clarke TODAY
    07738 540287 / 01494 522011
    keith@frankhudson.com

    Soft furnishings supplied by CD Curtain Contracts

    IFX Market Report for 06/06/2012

    150 150 Daniel Fountain

    UK

    With the Queen’s Diamond Jubilee celebrations and 4 day weekend, UK data has been pretty thin on the ground this over the last few days. The big news this week from the UK comes on Thursday with the BoE interest rate decision.Some economists now predict that the BoE will launch a new £50bn round of quantitative easing, and there is mounting speculation that the interest rate, already at a record low of 0.5%, could be cut further. BoE’s Posen, who surprisingly dropped his call for more QE in April, is expected to change his vote back and there is an outside chance that fellow members Bean and Weale will also push for more QE.

    Against the US dollar, sterling has remained in a tight trading range due to the extended weekend. The dollar strengthened and GBPUSD fell to around $1.5370 on Tuesday before sterling regained losses this morning to trade at 1.5430.

    In the build-up to the ECB rate decision sterling had weakened to a 1 month low against the euro, breaking through various support levels on its way to a low of 1.2292 suggesting the trend of the last few weeks had finally reversed. The pound has picked up slightly and is now over 1.2360 again.

    In data released this morning, UK PMI construction figures were slightly better than expected. The posted figure of 54.4, beat expectations of 54.2, but fell a long way short of last month’s 55.8.
    ________________________________________

    WORLDWIDE

    The US dollar strengthened against its major competitors on Tuesday, on the news that the G7 held an emergency meeting to discuss the European debt crisis. Some weaker than expected economic results from the Eurozone and the better than expected US non-manufacturing data also contributed to the currency’s gains.
    Against the euro, the US dollar strengthened, EURUSD fell to a low not seen since June 2010 of 1.2322 on Friday, however Monday saw it move back above 1.25 to reach a one week high, currently it is trading at 1.2502.

    Today is the release of the ECB‘s interest rate decision, its board is expected by some to consider a cut to interest rates. Some analysts see any decision to leave the key lending rate unchanged at 1% as a signal that a 0.25% cut may be on the cards for next month.

    Ahead of a planned trip to the markets by Spain today, their budget minister admitted the cost of borrowing had effectively shut the country out of the markets. Prime minister Mariano Rajoy had been insisting it wants EU money to fund its banks without conditions being placed on the government and a Troika review every three months.

    Japanese Finance Minister Jun Azumi stated during a teleconference that the G7 has agreed to cooperate to deal with the troubling situation in the Eurozone, namely in Greece and Spain. The possibility of a Greek exit from the Eurozone was not discussed at the emergency meeting. The G7 meeting today will be followed by a summit of leaders from the Group of 20 nations in Mexico on June 18-19.

    Activity in the US service sector grew at a slightly faster rate in the month of May. The ISM said its non-manufacturing index crept up to 53.7 in May from 53.5 in April, a reading above 50 indicates growth in the sector. Economists had expected the index to come in unchanged compared to the previous month.

    Retail sales in Eurozone declined more than expected in April as record-high unemployment and recession fears kept consumers away from discretionary spending. Data released by Eurostat showed that retail sales in the 17-nation currency bloc fell 1% month-on-month in April, faster than the 0.1 drop forecast by economists. Also, this reversed a 0.3% gain in March.

    German industrial orders declined in April due to a sharp deterioration in foreign demand, official data showed. Factory orders declined 1.9% in April from a month ago, when it grew 3.2%, data from the Federal Ministry of Economy and Technology revealed. The rate of decline exceeded the 1.1% drop forecast by economists.
    Australia’s GDP jumped a seasonally adjusted 1.3% on quarter in the first three months of 2012, the Australian Bureau of Statistics said. That shattered expectations for an increase of 0.6% following the upwardly revised 0.6% gain in the previous three months (original reading was a 0.4% gain).

    In the second reading of Eurozone GDP figures released this morning, growth is reported to have contracted by 0.1% in the first quarter of 2012 despite the initial estimate reported growth remained flat at 0.0%.

    IHG signs first Hotel Indigo in Wales

    150 150 Daniel Fountain

    Hotel Indigo continues to grow in Europe with the signing of the first Hotel Indigo in Wales, Hotel Indigo Queen Street Cardiff.Hotel Indigo Queen Street Cardiff will be managed by Sanguine Hospitality Ltd, who have four other Hotel Indigo properties in their portfolio, including Hotel Indigo Liverpool and Hotel Indigo Birmingham.

    IHG’s Senior Vice President for Development and Design in Europe, Robert Shepherd, said that the signing in Cardiff continued the brand’s strong growth throughout Europe. The signing follows the opening of a second Hotel Indigo in Scotland (Hotel Indigo Edinburgh) and a second Hotel Indigo (Hotel Indigo Berlin Centre Alexanderplatz) in Berlin this month.

    Hotel Indigo Queen Street Cardiff will be located in Dominion’s House, found on popular pedestranised Queen Street. The 92-room hotel will be a seven minute walk from Cardiff Castle, while Millennium Stadium, the regenerated harbour area and city-centre corporations are all nearby.

    Each Hotel Indigo property is uniquely designed to reflect the community, character and history of the surrounding area. Inspiration for Hotel Indigo Queen Street Cardiff will be drawn from the community’s Victorian heritage. Cardiff Castle, Bute Park and Park House will also inspire the interior design.

    Every Hotel Indigo features a high quality bar and restaurant that is open to both guests and locals. Hotel Indigo Queen Street Cardiff will include a 280m2 restaurant and bar area on the building’s top floor.

    All Hotel Indigo properties in Europe offer free wi-fi throughout the hotel as a brand standard. Hotels also offer 24 hour room service and access to 24 hour fitness centre.

    There are 44 Hotel Indigo hotels around the world and 53 in the development pipeline, which will open in the next three to five years.

    Indigo Edinburgh: Soft furnishings by CD Curtain Contracts. Please contact Nigel Andjelic.

    New Collections for 2012 from Bauhaus

    150 150 Daniel Fountain

    The Crosswater Group launched over 250 new products at this year’s KBB Birmingham. The new collections offer all of the benefits designers seek when planning a premium, well equipped bathroom; 8 exciting, innovative brassware ranges, state-of-the-art smooth running shower kits and 2 great new shower enclosure ranges including the ground breaking high-polished chrome Elite. Three new furniture ranges were introduced from Bauhaus in an array of refreshing original finishes including Teak, Blackwood, Graphite and Calico. The Bauhaus portfolio was further strengthened with the launch of new aluminium body mirrored cabinets, de-misting illuminated mirrors and extensions to the heated towel rails collection.

    Celeste is available in four high quality finishes; Graphite, American Walnut, Calico and White Gloss all in a choice of sizes; 60cm, 80cm and 110cm and a tower storage unit. The Celeste basin unit is one of the largest of the Bauhaus basin furniture offering three spacious size options; 60cm, 80cm and 110cm. Curved illuminated mirror styles also complement the range.

    Linea is a minimalist range, designed with practical elements and the flexible option of a round or square basin shape. Available in Graphite, Teakwood, Blackwood and White Gloss, all in a choice of square and round sizes; 60cm, 75cm, 100cm, 120cm and a tower unit.

    Solo is a simple, compact solution formed to complement a variety of bathroom layouts. Modern and minimal with subtle curved edges, Solo features hardwearing high gloss basin units that are taller in height than most units this size, with heavy-duty full depth drawers to accommodate weightier bottles and boxes. Available in Graphite, Calico and White Gloss.

    Boss Design launches Optima at Clerkenwell Design Week

    150 150 Daniel Fountain

    Boss Design – leading British seating designer and manufacturer – announce the launch of Optima, a quietly elegant chair that offers an understated yet distinguished aesthetic across its exquisite collection.Previewed at the recent Clerkenwell Design Week – London’s answer to Milan and leading UK furniture and product innovation exhibition, Optima was the main attraction and a definite head-turner at the Boss Design showroom.

    Designed in-house, Optima is completely uncompromised. Its engineered upholstery has the classic touch and is further enhanced by a choice of exceptional frame finishes. The desirable collection comprises of an armchair, two seater sofa, an armchair on a bright chromed swivel base and a complementary coffee table.

    Speaking about the collection Design Director, Mark Barrell said; ‘Optima symbolises the very best of British upholstery and furniture manufacture. We have taken this product to the extreme and made no compromises along the way. Its metalwork is unquestionably the very best in the world whilst the upholstery detailing is second to none.’

    The collection is available in bright chrome as standard, with the armchair and matching sofa available in black or satin chrome. Its intricate tailoring and sleek profile make it the ideal choice for corporate reception and executive break-out areas.

    The collection is available in any leather or fabric. For more information call the Boss Design information line on 01384 455570 or 0207 253 0364. You can also visit our website at www.boss-design.com

    Setting the Standards for Meetings and Events

    150 150 Daniel Fountain

    Hilton London Metropole conference hotel, situated only 20 minutes from Heathrow Airport via the Heathrow Express at Paddington Station, has undergone a £2.3 million complete transformation of the bedrooms in its Conference Wing. The renovation is part of a three-year, $3 billion plan of significant property renovations currently underway across the global portfolio of Hilton Hotels & Resorts, the flagship brand of Hilton Worldwide.A major renovation programme which offers a fully completed Conference Wing, with 354 of the largest ‘Double-Double’ rooms in London, providing the complete package for conference and event organisers.

    Hilton London Metropole is the largest conference hotel in the U.K. and one of the largest in Europe, with two large conference rooms each with the capacity to hold 1,500 people. The conference facilities are also located in the conference wing, allowing for both the event and accommodation to be taken care of within the same location.

    Avner On, general manager, Hilton London Metropole, said, “With space at a premium in the Capital, Hilton London Metropole prides itself on offering a room that rivals other London hotels by providing comfort, style and much needed additional square footage. The refurbishment of our Superior rooms marks the next stage in Hilton London Metropole’s continued refurbishment programme and the efforts to offer our meeting and conference delegates the best possible experience when staying with us.”

    The Superior room category has been designed with both business traveller and families in mind. A flexible working area, separate relaxation corner, chaise lounge and coffee table, make for the perfect balance of work and rest space. The Superior Family room includes two queen beds, a sofa bed and two 32-inch LCD TV’s, allowing parents to watch news or movies on-demand whilst the kids stay entertained with their favourite shows at the other end of the room.

    The Superior rooms have been transformed with an injection of stylish soft furnishings and modern design. The incorporation of rich plums and sage green tones create a calming atmosphere suitable for work or relaxation. Contemporary dark wood furnishings complement the autumnal tones and the off-white walls provide a neutral backdrop to set off the room, whilst the huge windows frame the room, let in tonnes of natural light and offer spectacular views of the Capital.

    Hilton London Metropole has 1,054 bedrooms in total and is conveniently located outside of the congestion charge zone but only 10 minute’s walk to London’s West End. The hotel boasts two restaurants, a sports bar and a café, including Fiamma, which offers international cuisine with a Mediterranean flavour and Minako which combines breathtaking views from its 23rd floor location and an Asian fusion menu.

    The Superior rooms refurbishment is part of an ongoing programme of upgrades at the hotel that will be continuing throughout 2012 and into 2013.

    Hampton by Hilton Croydon

    150 150 Daniel Fountain

    My old office was almost next door to Croydon’s Hampton by Hilton, and I watched its erratic progress week by week – erratic because a contractor went bust part way through, every project managers nightmare. Given the opportunity to take a quick look I was delighted to go and see it in its finished state, a representative of the eight new Hamptons Hilton UK is getting, the others being:

    •Birmingham – Hampton by Hilton Birmingham/Star City
    •Braintree – Hampton by Hilton Braintree
    •Corby – Hampton by Hilton™ Corby / Kettering
    •Derby – Hampton by Hilton Derby City Centre
    •Liverpool – Hampton by Hilton Liverpool / City Centre
    •Liverpool – Hampton by Hilton Liverpool / John Lennon Airport
    •Newport – Hampton by Hilton Newport/East
    •Shrewsbury – Hampton by Hilton ShrewsburyMy friend staying there is not a city person, normally living in rural Devon, so her experience of searching for an evening meal in Croydon whilst staying first night in the Holiday Inn Express in Croydon led to her moving to the Hampton, which provides a basic evening meal service. Unfortunately her experience of the evening food service was so poor (she was left going to bed without eating) that my partner and I took pity and brought her home to feed her. In return we got to look around the Hampton when we returned her to her room.

    Squashed in between a couple of office blocks the building is close to the main rail station at East Croydon, a critical node in London’s transport infrastructure, where bus, trams and rail interchange, so hotel location is excellent. Its frontage enable the signage to be seen from the station and it is just a brisk 5 minute walk away.

    Marriott International Expands In Thailand

    150 150 Daniel Fountain

    Marriott International further strengthens its leadership position in Thailand with the opening of three new properties this year. The Rayong Marriott Resort & Spa, The Bangkok Marriott Hotel Sukhumvit and the Marriott Executive Apartments Bangkok – Sukhumvit Thonglor will all open in 2012 bringing Marriott International’s portfolio to 16 hotels in the country. Marriott International currently operates a portfolio of world-leading hotels and brands in the country including the world-class JW Marriott hotels in Bangkok, Phuket and Khao Lak, the stylish, lifestyle Renaissance-branded hotels in Bangkok, Phuket and Koh Samui, and the award-winning luxury retreat, Phulay Bay, a Ritz-Carlton Reserve in Krabi, among others.

    Rising over Bangkok’s premier lifestyle district of Thonglor, the Bangkok Marriott Hotel Sukhumvit will be perfect for business travellers, weekend getaways and families, with a great mix of leisure and business facilities, ideally located close to the BTS Skytrain station.
    With 296 exquisite guest rooms and suites, the hotel will feature three superb restaurants, bars and lounges, four meeting rooms and a Grand Ballroom. The iconic building offers sweeping views of the city and will also host a stunning rooftop bar and restaurant.
    Located on the popular Mae Phim beach in the resort area of Rayong – just 205 kilometres south of Bangkok – the 206-room Rayong Marriott Resort & Spa will be located on a beautiful stretch of coastline offering aspects of both picturesque mountains and stunning ocean views.

    The hotel will feature a Grand Ballroom along with five additional meeting rooms with extensive outdoor group space overlooking the tranquil landscape of the Gulf of Thailand. With the ability to host lavish weddings, meetings, incentives, conferences and exhibitions, the hotel is expected to become an immediate favourite for MICE, events and meetings customers. Offering a total of 7,120 square meters of total meetings space, the hotel is fitted with LCD projection and state-of-the-art technology for successful and memorable functions and events.

    Marriott Executive Apartments Bangkok – Sukhumvit Thonglor, which will be located in the same building as the Bangkok Marriott Hotel Sukhumvit, will offer the conveniences of a full service 5-star hotel with the space, ambience and privacy of residential living.

    Marriott Executive Apartments are furnished with a fully equipped kitchen and are appropriate for any length of stay. Located in the heart of Bangkok’s upscale residential district, the Marriott Executive Apartments Bangkok – Sukhumvit Thonglor will offer 74 units comprising one- two- and three-bed room apartments.

    New Hotel Brings Miami Beach chic to Barbados

    150 150 Daniel Fountain

    Tropical Sky is pleased to announce the opening date of its exclusively featured The SoCo Hotel, an Art Deco-inspired 3*+ offering, located near Bridgetown on the southern coast of Barbados.Situated at the start of the popular South Coast Board Walk, the elegant Miami Beach-style hotel is set to open on 15 August 2012 and is just a short stroll away from an excellent choice of restaurants and trendy bars.

    Each of the 24 beautifully-appointed rooms offers fabulous views over the Caribbean Sea from either their balconies or terraces.

    When ready for guests, the rooms and restaurant will be completed to a very high standard with modern furnishings throughout. The bar and pool deck are just metres away from the lapping waves of the Caribbean Sea, helping to carry the relaxed and chic atmosphere that will be the hotel’s hallmark.

    The atmosphere is informal, suiting guests looking to simply relax and get away from it all. In addition, the hotel provides a fantastic location for those more active guests wishing to explore the beautiful island, while still receiving all the benefits of an all-inclusive hotel.

    Rising demand for stylish, all-inclusive deals

    Mike Collins, Managing Director of Tropical Sky, predicts demand for holidays in Barbados will grow rapidly over the next few years, as much-needed investment is being made into the island’s hotels.

    “Customers are increasingly demanding higher quality as well as exceptional value and the island has needed to respond to this. The SoCo Hotel is set to meet these demands and we are delighted to be the driving force behind this. It is often the most simple of things that the modern traveller requires that makes the difference, such as Wi-Fi, and that is why we are including free Wi-Fi connectivity for our guests.

    “When it opens, The SoCo Hotel, Barbados will offer a laid-back, quality experience and will maintain one of the very best all-inclusive rates anywhere on the island. It’s a very exciting project for us and we are sure that our customers will love it too.”

    He went on to say: “With the recent news that some high street mortgage providers will be increasing their rates soon, further squeezing everyone’s budgets. This will obviously affect many people’s ability to go on holidays where they need a lot of spending money. Tropical Sky and The SoCo Hotel, Barbados, with its all-inclusive offering responds very proactively to a changing market and customers’ needs.”

    Record Result for The Hotel Show 2012 with more than 15,500 Industry Professionals in attendance

    150 150 Daniel Fountain

    The Hotel Show 2012 reaffirmed its position as the largest full spectrum hospitality supplies event for the MENA region, with exhibitors reporting an increase in sales figures and record numbers of visitors during the three day event.

    Participation this year of 450 leading suppliers and consultants from more than 45 countries and 13 international pavilions highlighted the pivotal role that the show plays in facilitating trade between suppliers and buyers from every corner of the globe.The 13th edition of the show which ran from 15 – 17 May 2012 at the Dubai International Convention and Exhibition Centre, attracted over 15,500 industry professionals – with an increase of 9% in its visitors over last year. In addition, the show also recorded an increase of over 30% in the number of visitors from the Kingdom of Saudi Arabia as well as significant increases from other countries including Oman, Egypt, Qatar and Turkey.

    “As the true platform for businesses in every sector of the hospitality industry, The Hotel Show has delivered tangible business benefits for both exhibitors showcasing their products and services, and industry visitors sourcing the same, said Frederique Maurell, Exhibition Director for The Hotel Show. “We are delighted that the exhibition has continued to foster growth in the Middle East market and play a key role in offering real opportunities for companies new to the region”.

    Response from exhibitors representing all sectors of the hospitality supplies industry was overwhelmingly positive. Carlo Carloni, Export Manager at Catalano, suppliers of ceramic products, said: “This is the second year we have exhibited here and we will definitely return next year. This is a great opportunity to showcase our product. We received many enquiries and leads from visitors and a substantial percentage of them are expected to convert to actual sales.”

    Ray Al Redha, General Manager, Mighty Leaf, U.S-based suppliers of premium tea products said: “We are pleased with the results generated by the show this year, having two deal opportunities and more than 30 concrete business leads. We will definitely be returning for the third consecutive year in 2013.”

    Participating for the first time at The Hotel Show, Sanuj Kohli, Executive Director at LED Lighting & Design, Laser & Electronics Middle East said: “This was our debut year at The Hotel Show and we were delighted to find it both highly targeted, but also so regional. This was a fantastic opportunity for us to showcase our products, and we had between 140 to 150 business enquiries from visitors coming from different GCC countries”.

    In addition to the strong business opportunities presented at The Hotel Show, the show also hosted the third edition of The Middle East Spa Awards, the region’s premier spa awards recognising the outstanding quality of services and amenities provided by spas across the region. The show also saw the launch of the first Middle East Hotel Awards to recognise and reward design, product and service excellence in the regional hospitality industry.
    The Green Initiative – a show feature to highlight sustainable, energy efficient and eco-friendly solutions from all sectors of the industry, witnessed a record number of exhibitors participating in it. In addition to The Green Initiative, The Hotel Show hosted a Green Day programme of seminars and workshops presented by industry leaders and experts. The line-up of inspirational industry leaders and experts addressed valuable case studies on successful sustainability initiatives in energy reduction, waste management solutions and carbon footprint measurement.

    With plans already underway for The Hotel Show 2013 which will take place from 29th September to 1st October 2013, Maurell said: “We are delighted with the response from exhibitors confirming participation in next year’s show. As the largest and most influential hospitality industry show in the region, we will continue to support the industry on all levels – delivering business results, promoting exchange of knowledge, and recognizing excellence. We look forward to another successful show next year.”

    AMS Group Appointments David Smurthwaite as Head of Sales

    150 150 Daniel Fountain

    AMS Group is pleased to announce the appointment of David Smurthwaite as Head of Sales, further strengthening their Hotel & Leisure Division.With over 25 years’ experience in the hospitality industry, David is looking forward to building on the success AMS has enjoyed with their existing clients, which has seen them provide volume bespoke case goods for the likes of Premier Inn, DeVere Village Hotels, Intercontinental Hotels Group, Hilton Hotels, Rezidor, Butlins and Drayton Manor. The group, which is well versed in working with many hotel franchisees, owners, developers, investors, designers and building contractors, believe that David’s appointment signals the commencement of their next phase of what has been an impressive rate of growth enjoyed in the sector to date.

    David is based at the groups head office in Redditch Worcestershire, from where it undertakes all development, manufacturing and project management of client projects across a 250,000sq.ft facility. The company has added a Central European PM and Logistics facility in Prague to its already sizeable facilities, in order to support European projects, subsequently providing David with and increased scope of offer to existing and future clients.

    David can be contacted on:
    M: +44(0)7900 884180
    T: +44(0)1527 517171
    F: +44(0)1572 517070
    E: david.smurthwaite@ams-group.co.uk
    W: www.ams-group.co.uk

    Panaz introduces a new upholstery collection

    150 150 Daniel Fountain

    Panaz introduces Calroust, a dashing new upholstery collection with exceptional contract performance.Featuring Hunter Check, a distinct tartan which beautifully blends the classic and modern, along with Berwick, a simpler plaid, carefully selected to complement or stand alone.

    Across a palette of rich, lively colours and softer, more relaxed neutrals, Calroust will bring a feeling of luxury to any setting.

    • Flame Retardant to Crib 5
    • Abrasion -110,000 Martindale Rubs
    • Stain Resistant Finish
    • Marine Standard: IMO 652 (16)

    Mallorca Marriott Son Antem Golf Resort and Spa Debuts Fresh New Look

    150 150 Daniel Fountain

    Marriott Hotels & Resorts has unveiled the finished transformation of Mallorca Marriott Son Antem Golf Resort and Spa following a yearlong refurbishment.

    The Mallorca Marriott Son Antem Golf Resort and Spa, now with beautifully redesigned guestrooms and public spaces, is located just twenty minutes from the cultural capital and Mediterranean paradise of Palma, its sandy beaches, and airport. Occupying a serene position nestled in the Mallorcan countryside, the five star resort is a haven for anyone seeking peace and tranquillity.The renovation has injected the hotel’s public spaces with warmth, creating a welcoming yet luxurious ambiance. The heart of the hotel is set to become the new social hub, with a remodelled lobby and lobby bar. A versatile and multi-purpose space, the new lobby gives guests choice to relax, work, and socialize. Adding to the ambiance, the Llevant Lobby Bar is a vibrant and inviting setting to enjoy traditional Spanish tapas and superb cocktails. New open-air chill out lounges on the hotel patios provide the perfect excuse to sit back and watch the day go by.

    The hotel’s 142 guestrooms and eight suites have been revitalized with new carpets, curtains, armchairs, lamps, mattresses and bed linen, and all of the balconies have been renovated enabling the marvellous views to be enjoyed in even greater splendour.

    The resort offers something for every age and energy level. Two beautifully appointed 18-hole golf courses and huge driving range make the resort a Mecca for golfers. The Golf Club itself has enjoyed a number of improvements in recent years, with many areas levelled out and reseeded with Bermuda grass. Flood-lit tennis courts, and complimentary volleyball and basketball courts, outdoor pool, and 24/7 fitness centre, are just some of the other fitness offerings.

    Other highlights of the resort include an on-site kids club, and the renowned Spa Son Antem with heated indoor and outdoor pool, Jacuzzis, saunas and offering a wide variety of spa and holistic treatments. The hotel provides a wealth of dining options, such as the remodelled fine dining restaurant El Olivar serving tastes of the Mediterranean, and La Vista Verde with sun drenched, panoramic terraces for international cuisine. Meetings and events are expertly catered for with personalized service and expansive meeting space and large ballroom.

    IFX Market Report for 01/06/2012

    150 150 Daniel Fountain

    UK

    GBPUSD started trading yesterday at 1.5474, rising to 1.5523 throughout the morning, but lost all its gains when the US markets opened, dropping to 1.5394 which is a level not seen since January. Overnight trade saw the pair drop further and is currently trading around 1.5280.
    Sterling continued to trade within a tight range against the euro beginning the day at 1.2474 and closing around 70 pips off where we started at 1.2457. Again, sterling has struggled during overnight trading and this morning GBPEUR has opened around 1.2422.GBPUSD has quickly returned to the spotlight with a 5.1% drop through May and a 1.8% tumble just over the past three trading days. Risk aversion has become a common sight, but Cable’s performance stands out even further through Thursday’s session because the remaining majors were relatively steady while other sentiment reads (like the Dow Jones Industrial Average) levelled out. As the saying goes, the nail that sticks out furthest is hammered down. GBPUSD may have over-run the market’s tolerance or it could prove the leader for a broader trend. The future we choose could very well depend on what happens with Friday’s US Nonfarm Payrolls.

    UK Manufacturing PMI for May came in below expectations at 45.9 from the forecast of 49.8.
    ________________________________________

    WORLDWIDE

    US Prelim GDP q/q came out as expected at 1.9%, a relatively positive figure which led to GBPUSD dropping back to 1.5477 from 1.5504 directly after the release.

    The weekly number of individuals who filed for unemployment in the US increased and consumer spending came out at +2.7% vs. +2.9% in the advanced report with corporate profits growing at the slowest pace in three years.

    Thursday morning trade saw the EURUSD continue to test 1.24, but by mid-afternoon we saw it break through support and moved into a new 2 year low overnight at 1.2321, this morning we are trading around 1.2350 and a test of support around 1.23 is expected over today’s session.

    IMF Deputy MD Nemat Shafik has said the 2013 deadline for euro zone countries to bring budget deficits below 3% may have to be postponed which is exactly what Spain had agreed on Wednesday.

    Ireland began casting ballots on Thursday for what will be their Third referendum in four years on Europe, with opinion polls pointing to a “yes” vote that could ease concerns about its funding prospects and save Europe a headache it can do without.

    A New Greek opinion poll published this morning showed the anti-bailout SYRIZA party lead with a six-point lead over their conservative pro-bailout rivals ahead of a key election on June 17.

    Euler Hermes SA the world’s biggest credit insurer, said it will no longer cover new shipments of goods to Greece because of the risks attached to the nation leaving the Euro currency and customers defaulting on payments
    Japan’s Finance Minister Jun Azumi pledged to take “decisive” action if excessive gains in the currency persist. Ironically, after his comments the Yen gained around 1.5% versus sterling. GBPJPY has declined over 7.5% in May, from 130.60 on May 2nd to trade this morning at 120.44 which is close to a four month low. EURJPY moved to a low of 96.68, a level that hasn’t been seen for over 12 years.

    Australian Building Approvals for April came out well under forecast at -8.7% against a predicted 0.3%. This was following a rise of 6% in March meaning approvals were down 24.1% for the year ending April.

    Swiss Retail sales were released almost flat this morning, rising 0.1% in April, this figure is very disappointing in comparison with the 4.7% growth registered the previous month.

    Company Profile: Axminster 3 – Hide the Sheepskins

    150 150 Daniel Fountain

    Not the fleece you understand, the whole sheepskin. The process is a bit shocking to be honest – I wouldn’t be at all surprised if the floor in the works didn’t date back to the monks making vellum for writing on as a part of their ecclesiastical occupation – it is after all next to Buckfast Abbey, and vellum was used by the monks to record our history from the dark ages onwards (If you want the story of England I can whole heartedly recommend Bernard Cornwell’s series on King Alfred). The processes are, unbelievably, positively medieval.The West Country once employed 5,000 people in producing sheepskin and sheepskin products but poor management has led to the total collapse of the industry, and Devonia too would have gone without the support of parent company Axminster. It now remains the last tannery producing sheepskin products in England, producing hides and sheepskin rugs for use in (amongst others) Rolls Royce and Bentley cars. Better known of course as Volkswagen and BMW.

    Many wool buyers are now buying their fleeces as futures, sometimes buying and storing 3 years production as the price is chased up by Chinese buyers. Where a fleece once cost 70 pence to take off a sheep’s back and earned a farmer perhaps twenty pence, now a fleece fetches some £8 as prices soar. A tanned woolskin fetches around £60 upwards. The UK sheep herd is around 40 million animals, 17 million being slaughtered for meat each year. Storage of fleeces is full of risk as pests can easily destroy the value. For hides salting immediately after slaughter is required to prevent flies etc. breeding on the skins – hence the green colour as sheepskins arrive at the tannery from the slaughterhouse. The UK is always going to be one of the top 15 world sheep economies because of climate and topography.

    I can already hear you going yuck. Bear with me there is more to come…

    Hotel Design: Westin Abu Dhabi

    150 150 Daniel Fountain

    Nestled in the grounds of the Abu Dhabi Golf Club, the Westin Abu Dhabi Hotel is a luxury destination resort and focal point of a community that has been built in and around the sprawling fairways and greens of this championship course. Owned by Abu Dhabi-based development company, Tourism Development & Investment Company (TDIC), the interiors were designed by the international hospitality design firm Gettys. The concept for the whole resort was that of creating an oasis. TDIC wanted this property to feel like a departure from some of the newer urbanized resorts in the city.

    The exterior of the building is clad with rough, chiselled limestone that wraps an extensive amount of the façade. The designers continued this natural element into the interiors, creating a lobby of dynamic proportions where stone is complimented by bronze and metal screen partitions. Unexpectedly undulating and angled ceiling design also relates back to the organic nature of the property’s architecture.

    The designers kept the lobby décor to a minimum, focusing on a simple palette. From the top of the grand staircase, crafted from hand-awled reclaimed wood and seeded glass balustrade panels, guests can look through 45 foot tall floor-to-ceiling windows out to the golf course, creating an intimacy with the greenery of the fairways, essentially creating a massive picture window.

    To create this dramatic arrival experience, different materials and lighting were combined that referred to the ancient history of the region. The back wall of the front and concierge desks features translucent slices of petrified wood suspended behind the embossed bronze desks. The complex circular striations of the wood fossils provide a striking visual experience as well as adding an additional layer of texture and colour.

    As the hotel has several grand spaces the guestroom experience was designed to act as a form of departure from public area activity. They viewed the guest journey as a series of crafted experiences starting from departing “real life” at the hotel arrival and walking through the grandeur of the public areas to the more intimate guestroom corridors culminating in the guest rooms and suites. These corridors compress the journey to each guest’s room in terms of scale, lighting and materials which become saturated, deeply toned and restful.

    Upon entering the guestroom, visitors find themselves in rooms that are light and bright with high ceilings and wall-to-wall, floor-to-ceiling windows looking out to the golf course. All guestrooms and suites have golf course views’ so scenery is the primary focus. The team then layered different textures and tonality to create a restful guestroom experience. The resulting palette combined caramel, honey, cream and walnut, with sea blue and sunset orange accents. The overall detailing incorporated stone, custom styled wool carpeting, several complimentary wood species, and rich bronze appointments.

    Guest baths feature tile surrounds made from a natural horn mosaic that infused luxury and craftsmanship into the guest bath experience. The artisanal tiles pick up on local colours of medjool date, raffia, and coconut complimented by a vanity washstand with a hand hammered nickel finish; thus giving a classic washstand look but with a modern twist.

    Continued on page two…

    Andy Thornton at Littlecote House Hotel

    150 150 Daniel Fountain

    Warner Leisure Hotels recently completed the full refurbishment of the bar and cabaret room at Littlecote House Hotel, sourcing the full furniture package from contract furniture suppliers Andy Thornton Ltd.Littlecote House is a Grade 1 listed 16th Century Tudor mansion set amidst 113 acres of gardens and rolling parkland in the Royal county of Berkshire, offering a wealth of history and regency within its grounds. It has played host to occupying Romans, a Tudor tryst and a Civil War army in its various guises over the last thousand years.

    Andy Thornton worked closely with in-house interior designer Sophie Robinson to provide the total loose furniture solution, supplying standard chairs from the range, as well as sourcing special designs from Italy, all upholstered in a wide selection of high quality contract fabrics. These were combined with elegant contemporary cast iron table bases with a mix of solid and veneered tops.

    Around the main dance floor, Andy Thornton supplied 234 of their popular Loris side chairs, featuring a single central button detail and upholstered in a Sunbury weave with faux leather seat. These have been coupled with over a hundred Cruciform table bases fitted with circular, square and rectangular beech veneered tops stained dark oak.

    For the bar area, Andy Thornton supplied 40 ‘turned’ cast iron table bases and high table bases painted dark grey and fitted with solid 25mm-thick solid beech tops in assorted sizes of square, circular and rectangular to suit all applications. These have been matched with elegant Lina and Loris side chairs, Soho and Tosco armchairs and Dijon bar stools, upholstered in textured chenilles and faux leathers from Sunbury and Panaz.

    The palette of carefully selected fabrics comprises of dark grey pewters and golden neutrals to create a warm, sophisticated interior, which has to function as a day time bar, as well as the bar to the lively evening entertainment.

    Client: Warner Leisure Hotels| Designer: Sophie Robinson (in-house designer)

    Unique and Boutique – Monastero Santa Rosa Launches On the Amalfi Coast

    150 150 Daniel Fountain

    The Monastero Santa Rosa, a stunning 20-bedroom hotel converted from a 17th Century monastery, has now opened. The first guests through the doors were Prince Albert and Princess Charlene of Monaco, who chose the hotel to relax with friends, including renowned New Zealand rugby star Byron Kelleher, before the Monaco Grand Prix. Perched on the cliff edge of Cape d’Orso between Amalfi and Positano, Monastero Santa Rosa Hotel & Spa has been affectionately restored by its American owner into an exclusive boutique hotel with a superb Santa Maria Novella spa.

    Dramatically located on this iconic coastline – an area already boasting the most beautiful vistas in the world – the opening of Monastero Santa Rosa will bring a truly different style of hospitality to the Amalfi Coast. It is a distinctively more modern luxury hotel, built directly into the side of the cliff with the floors connected by a glass-front elevator allowing panoramic views of the hotel’s gardens and the sea. It combines an historical setting with completely unique rooms and boasts an incredible infinity pool literally ‘falling’ off the cliff.

    The hotel consists of a Ristorante, a heated infinity pool, traditional landscaped gardens spread over five tiers, a historic herb garden and a private 12th Century Chapel. The Executive Chef, Christoph Bob will bring a vast amount of experience to the hotel, having held chef positions in some of the top restaurants throughout Europe, including Alain Ducasse’s three Michelin star restaurant at the Plaza Athenee in Paris.

    Creative thinking from Laufen

    150 150 Daniel Fountain

    The specification of sanitaryware and furniture for the bathroom is unquestionably a crucial element of the overall design of the space but getting it right should not be at the detriment of being creative, according to leading bathroom manufacturer Laufen.“All of our ranges from the top down are the work of designers and architects so they are created with a great deal of empathy and understanding. We want hotel designers to take our products and realise their potential,” comments Laufen’s Manager for Global Projects, Ilker Hussein.

    “We provide products that empower designers to push the boundaries in order to make the hotel guest feel enlightened. People want to be challenged and the very best reaction designers can hope for is that guests end their visit thinking ‘I would love to create this look at home’, “What a great idea”. That’s when you know you’ve got it spot on.”

    Indeed, much successful creative design in the hotel sector has cascaded down to the domestic bathroom with just a few strong examples of this being wall-hung sanitaryware, wall-hung furniture and wetrooms. The reason for this is simple – because these designs work on many different levels and inspire people to re-create the look in their own homes. “If it’s a good design that works well then people will want to emulate it,” comments Ilker.

    Good design cascades upwards too, with the trend for colour in the domestic bathroom now being emulated in the hotel environment. Laufen’s Il BagnoAlessi One sanitaryware, for example, is now available in a warm velvety grey finish as well as the standard white, and our Pro furniture which is available in some 38 different colour options, enabling designers to get really creative.

    As well as creativity, the other major consideration for hotel designers is the issue of sustainability – another requirement that is more than met by Laufen. Take, for example, the Il BagnoAlessi One collection first introduced in 2002, with recent additions ensuring it as fresh and contemporary as any award-winning line. Yes, sustainability means opting for low-flush cisterns and water-saving brassware, but just as crucially it is also about how a design looks and ensuring it won’t need replacing in five years’time because it looks dated.

    Continued on page two…

    IFX Market Report for 31/05/2012

    150 150 Daniel Fountain

    UK

    Sterling rallied against the euro yesterday hitting a new high of 1.2544 very close to the two year high set a few weeks ago of 1.2575. Sterling looks set to continue to be supported against the euro as investors look for an alternative to the European single currency.Against the US dollar sterling lost ground, falling to a 4-month low as concerns about the health of the European economy, and in particular the Spanish banking system pushed investors to safe haven currencies.

    UK data on Wednesday showed Britain’s property market picking up in April. UK mortgage approvals rose well above forecasts to 51.8k in April from 51.07k in March and Net mortgage lending grew by £1.139bn. Also above expectations and the biggest increase since January.

    Money supply M4 growth also rose 0.7% month-on-month in April, up 3.8% from a year ago and its highest since first quarter 2009.

    A positive day of data for the UK yesterday could help to BoE members to swerve away from additional quantitative easing at their meeting next month, although unless the data continues to improve it cannot be ruled out completely.

    UK home prices rose in May, supported by a lack of residential property for sale, mortgage lender Nationwide revealed this morning. On average prices rose 0.3% from April and fell 0.7% compared with a year earlier. In April, home prices fell 0.3% on the month and by 0.9% in annual terms.
    ________________________________________

    WORLDWIDE

    The euro fell to the lowest in almost two years against the US dollar as Spain struggled to rescue its troubled banks, adding to signs the European debt crisis is spreading to the region’s larger economies. The US dollar pushed through key resistance at 1.24 and EURUSD fell to 1.2383, a new two year high, before losing a little ground later in the session, closing at 1.2408.

    Concerns are growing that Spain may be forced to seek an international bailout. Ten-year Spanish bond yields are trading above 6.5%, dangerously close to the 7% level beyond which borrowing costs are deemed unsustainable over the long-term.

    US benchmark boring costs plunged to levels not seen since 1946 and those for Germany and the UK and hit all-time lows as investors took flight to safety in response to the debt crisis across Europe.

    With risk appetite drying up the Japanese yen and US dollar strengthened as investors sought safer assets after a European report showed economic confidence dropped more than economists estimated in May. The euro fell for a seventh day versus the yen, the longest losing streak in four months, after Italy sold less than its maximum target at a debt auction. Spain has taken the focus away from Greece in the short term with investors concerned that a much larger piece of the European economic pie may be in trouble.

    Investors are resigned to more turmoil until EU policymakers take more radical decisions. This could come in the form of either the ECB buying Italian and Spanish bonds on an unlimited basis or even Eurozone countries agreeing to a fiscal union by pooling all debt. Spain is too big for half measures so the next move from EU leaders will have to show total commitment to avoid a complete crisis

    Amid the European crisis the 8 nations that are waiting to join the euro have been told by the ECB that they are not ready. Bulgaria, the Czech Republic, Latvia, Lithuania, Hungary, Poland, Romania and Sweden are not yet ready to join the 17 nations that use the euro. Some would say given the current situation, this is a lucky escape.

    Australia’s bonds rose and its currency touched a six-month low as concern Spain will struggle to rescue its banks curbed demand for assets linked to growth.

    This morning German Retail Sales hit a 9 month high rising by 0.6% versus the 0.0% expected helping the euro to recover from its lows in early European opening trade. On a year on year basis however, retail Sales declined by -3.8%.

    New Four Seasons Hotel Toronto Set to Open Summer 2012

    150 150 Daniel Fountain

    With its 50th birthday having been celebrated last year, Four Seasons Hotels and Resorts, which started as one hotel in Toronto, has now expanded to 86 hotels in 35 countries. This summer sees the company’s flagship and hometown property to a new location at 60 Yorkville Avenue.The landmark Hotel will offer an immaculately designed two-story spa, Café Boulud and dbar by international restaurateur and Chef Daniel Boulud, glass-enclosed event spaces, and, of course, Four Seasons guest rooms: 259 personalized accommodations including 42 suites.

    “We are quite literally at the intersection where business and pleasure come together in Toronto,” says Regional Vice President and General Manager Dimitrios Zarikos, referring to the Hotel’s coveted address at the corner of Bay Street and Yorkville Avenue. “Four Seasons has not only been connected to the Toronto community but we have also welcomed visitors to this dynamic city for half a century, and we are taking that tradition and those relationships with us into our new home.”

    Sofitel Bangkok Sukhumvit: a new level of French Elegance in Bangkok

    150 150 Daniel Fountain

    Sofitel is pleased to announce the opening of Sofitel Bangkok Sukhumvit, the second Sofitel in Bangkok, in Thailand. This new flagship unveils many of Sofitel’s new luxury French concepts for the first time in South East Asia.With the opening of this hotel, Sofitel is diversifying its offer in this city with a very French signature reflecting the French tradition of elegance, savoir-faire and hospitality. Located on the central business district this hotel with 345 rooms including 37 suites represents perfectly the new positioning: a luxury hotel with a difference, individual and non-standardised.

    It is the first flagship Sofitel in South East Asia whilst Sofitel Bangkok Silom is rebranding to become a Pullman hotel. At the same time, Sofitel So Bangkok has been launched as the first urban design hotel under Sofitel So label, offering a different experience of discovering Bangkok.

    French Elegance in Bangkok
    A key attraction of the hotel for visitors and locals alike is the skyline restaurant, L’Appart, which recreates the ambience of a luxurious apartment. Directed by French chef Aurélien Poirot, L’Appart is based on a Haussmann-style apartment with beautiful bespoke areas including a library, a living room, a kitchen with an adjacent dining room, and lounge area with a bar. The warm and welcoming space delights guests with its interactive open kitchen concept, transforming Bangkok’s hottest new venue as the evening progresses. Outside tables overlook a stunning backdrop of the city skyline.

    There is also a strong French element in the Sofitel’s restaurant, Voilà! The hotel’s premier restaurant showcases a ‘cuisines on stage’ concept that features French cuisine prepared from stoves and a Parisian-style Rôtisserie, Western, Asian dishes, Middle Eastern and Thai delicacies, aromatic pizzas straight from the wood-fired oven, and an array of sumptuous desserts available all day.

    Located in the lobby is Le Macaron, which is a charming patisserie and delicatessen with an inviting outdoor terrace that features a vast selection of pastries, desserts, and savory items from the team of in house chefs.

    A feature of the hotel is also the elegant Club Millésime lounge located on the 31st floor. With its state of the art business facilities, chic style, spectacular views, spacious lounge areas and the French flair for food and wine, the Club Millésime lounge offers a refined and welcoming space.

    The Sofitel Bangkok Sukhumvit also has some of the largest meetings and function facilities in Bangkok for meetings and other events. In addition, leisure facilities include an outdoor swimming pool with pool bar, fitness centre, beauty salon and Le Spa with L’Occitane, the first luxury spa in Thailand to offer elegant L’Occitane products from the South of France.

    Freed Veneers: Quietly Stepping Into The Future

    150 150 Daniel Fountain

    Freed Veneers, established for over 35 years in the wood business, is proud to introduce the most innovative wood flooring product to date. At Freed Veneers we have always been cutting edge with new developments and technologies available to the wood industry. Now with its manufacturing partner Lèn Dilegno based in Italy we are excited to offer the third generation wood flooring product to the United Kingdom and Middle Eastern markets.This innovative product, allows for the expanded usage of wood flooring in areas which have traditionally been avoided. It is the only wood product to be internationally certified for use with radiant floor heating, and is the only wood product which can be used with cement adhesives. It is excellent for sound proofing and is easy and cost effective to install. It is also the only wood product with the capabilities of grouting the joints, which enables the application in wet areas and it is pre-finished with a water based finish. Lèn Dilegno has a wide selection of exotic and traditional wood species. It is available in various colors, sizes and formats and is available in floating and glue down applications.

    Lèn Dilegno is a natural, ecological and highly technical product which holds an international patent. This revolutionary product lends itself for use of both wall and floor coverings. The innovative process of stratifying and adhering several plies of real wood veneers achieves its incomparable stability. The exclusive and patented engineered backing is made up of a combination of recycled, ecological materials.

    In 2000 Gierre Tranciati received ISO 9001 certification, after which it also received FSC certification, an international ONG recognition granted to products made from wood that comes exclusively from ecologically controlled forests.

    IFX Market Report for 30/05/2012

    150 150 Daniel Fountain

    UK

    The pound was within a penny of a three-and-a-half-year high against the euro after Spain said it may need to sell bonds for a banking rescue, underpinning demand for alternatives to the 17-nation shared currency. Sterling has appreciated 4.3% this year against the Euro.The UK Distributive Trades Survey for May came in at 21%, well above the -7% expected. This is an indicator of short-term trends in the UK retail and wholesale distribution sector. The pound pushed further on against the euro after the data moving from around 1.2490 to the afternoon session high of 1.2532. This morning the pair is trading just above support at 1.25, as we saw yesterday another attempt to test resistance at 1.2539 is likely.

    Against the US dollar, sterling started trading around 1.57, but fell to around 1.5609, the lowest since January 25th, after the issues surrounding Spain caused investors to seek the safe haven of the dollar. Low support levels have broken to under 1.55 now and sterling could experience further declines if we see a break and close below 1.5570.

    This morning Net lending to Individuals m/m rose to £1.4bn, which was higher than consensus. UK Mortgage Approvals also rose slightly more than forecast.
    ________________________________________

    WORLDWIDE

    The euro fell against most of its major counterparts as a debate in Spain about how to fund a recapitalization of the Bankia group increased concern the monetary union’s sovereign-debt crisis was deepening. Spain backtracked on a plan to use government debt instead of cash to bailout BFA-Bankia, the nation’s third-largest lender. The government was considering using an injection of treasury debt instead of cash to recapitalize the lender.

    EURUSD started trading around 1.2570 yesterday, but fell below 1.25 as German 10-year bund yields dropped to a record high, and Spains banking crisis weighed. It then fell to around 1.2457 this morning after Bank of Spain Governor Miguel Angel Fernandez Ordonez resigned a month early amid criticism over the nationalization of Bankia group.

    The euro slid further this morning, hitting 1.2457 the weakest since July 1, 2010. Against the yen it fell to 98.80 on it’s longest losing streak in four months.

    The focus is on elections in Greece next month that could determine whether it defaults and triggers contagion throughout the Eurozone. By contrast, Ireland’s referendum tomorrow on whether to ratify Europe’s new fiscal treaty is passing almost unnoticed. Austerity in Ireland has been imposed by a coalition government and as in Greece, the government is warning that unless voters cast their ballots the right way, the country will be cut off from access to funding provided by the European Stability Mechanism. That would certainly trigger an Irish default.

    German CPI for May came in at -0.2%, slightly worse than the -0.1% expected. The YoY figure showed 1.9%, slightly down from the 2.0% expected.

    US Consumer Confidence for May showed a decline to 64.9 compared to the consensus figure of 70.
    Home values in 20 US cities fell at the slowest pace in more than a year as lower borrowing costs and an improving job market gave property sales a boost. Property values fell 2.6% YoY after a 3.5% drop in February. These figures were on par with consensus and this had little effect on the dollar as last week’s New Home purchases data was very positive and gave traders an early indication that the housing market was recovering.

    China has no plan to introduce stimulus measures to support growth on the scale unleashed during the depths of the global credit crisis in 2008.

    Norway’s central bank will not intervene in the currency markets to avoid a stronger krone in the event of Greece leaving the euro and any resulting economic turmoil in the euro zone, its Governor Oystein Olsen told Dow Jones Newswires Tuesday.

    Canada’s dollar headed for the biggest monthly loss since September against its US counterpart as speculation Europe’s debt crisis will worsen damped appetite for risk.

    Park Plaza Nottingham launches refurbished meeting space

    150 150 Daniel Fountain

    PPHE Hotel Group Limited, owner and operator of full service upscale and lifestyle hotels, today announced the completion of the one month refurbishment of Park Plaza Nottingham’s meeting rooms.Park Plaza Nottingham, based on Maid Marian Way, caters for up to 175 delegates or dinners and has renovated 12 meeting rooms which include a conference suite with panoramic views, the Vista Suite which can be split into five separate rooms and the Park Suite which boasts an outside terrace. The air conditioned rooms all received new contemporary designed carpeting, curtains and redecoration and benefit from Wi-Fi throughout and natural daylight.

    Park Plaza Nottingham also offers 178 rooms for delegate and leisure bookings, a fitness room and the award-winning Chino Latino Pan-Asian restaurant and cocktail bar.

    Tom Waldron-Lynch, general manager Park Plaza Nottingham commented: “The renovation has meant that our meeting rooms not only meet, but exceed the upscale standard delegates expect when booking their meetings and events with us. We pride ourselves on providing the highest service and support to our business guests and believe the new modern refresh to our rooms should position us well for a future focus in this market.”

    Fameed Khalique announces UK launch of the Heritage Weave collection by Be Inthavong

    150 150 Daniel Fountain

    Fameed Khalique is delighted to announce the UK launch of the Heritage Weave collection by New York textile designer BE INTHAVONG, adding a new dimension to his curated collection of extraordinary materials for the interior design industry. Although much of his life has been spent in the US, Be Inthavong has a profound connection with his South-East Asian roots and is strongly influenced by his rich native culture and heritage. For this remarkable fabric collection he uses a unique technique of weaving leather and silk, created by Inthavong at his family’s silk mill in Vientiane, Laos. Over several extended trips to Laos, Inthavong learnt the painstaking art of traditional Lao silk hand-looming, an indigenous process that has existed for over 500 years.

    Inthavong sought to evolve the discipline, taking inspiration from the wealth of high-quality leather goods he was exposed to in the US. He began the painstaking practice of using rare Laotian weaving techniques to take finely cut micro-strips of leather and hand-loom them into silk looms. The silks are 100% naturally dyed using the Laotian craft of organic dyes. The results of the signature leather and silk weaves are breathtaking with the combination of colours, textures, touch, construction, and fluidity of this new material. Inthavong successfully applies Western aesthetics to the historic Lao weaving process to create this collection.

    After developing his craft, Inthavong returned to New York and launched Be & D, a designer handbag company whilst strengthening and exploring his design acumen and creativity. In 2008, Be & D was licensed to create handbags for Diane Von Furstenberg, and in 2009 collaborated with fashion designers Doo.ri Chung and Rachel Roy on their New York Fashion Week runway collections. Inthavong left Be & D in 2009 to pursue his passion for creating extraordinary fabrics for interiors, launching the Heritage Weave collection in 2011 and is now available for the first time in the UK from Fameed Khalique.

    New Luxurious Bathroom Furniture from Bauhaus

    150 150 Daniel Fountain

    Clean lines and crisp angles converge to form Linea; bathroom furniture of minimalist design that screams opulent hotel style. Full depth drawers feature concealed ergonomic handles and extra height and generous proportions to offer versatile and organised storage options with numerous layout concepts. Tower units add a further element of luxury and feature six practical display shelves to house all bathroom essentials, with the optional extra for a fixed laundry basket.This stunning range of wall hung units has been designed with impressive practical elements and with the flexible option of a white high gloss round or square basin shape, to reflect personal taste and meet the desires of today’s style savvy homeowner. Boasting expansive worktop space, Linea basins also feature a clever anti-drip edge to keep unwanted water spills to a minimum.

    Available in Graphite, Teakwood, Blackwood and White Gloss finishes, all in a choice of square and round sizes; 60cm, 75cm, 100cm, 120cm and a tower unit.

    A. Linea 120 Unit in Teak with Linea Round Basin
    B. Linea 120 Unit in Teak with Linea Round Basin
    C. Linea Tower Unit in Teak with laundry basket for lower compartment
    D. Linea 100 Unit in Blackwood with Linea Round Basin
    E. Linea 75 Unit in Blackwood with Linea Round Basin
    F. Linea 75 Unit in Blackwood with Linea Round Basin
    G. Linea 100 Unit in White Gloss with Linea Square Basin
    H. Linea 100 Unit in White Gloss with Linea Square Basin
    I. Linea 120 Unit in Graphite with Linea Square Basin
    J. Linea 120 Unit in Graphite with Linea Square Basin
    K. Linea 120 Unit in Graphite with Linea Square Basin with main drawer organiser

    www.bauhaus-bathrooms.co.uk

    IFX Market Report for 29/05/2012

    150 150 Daniel Fountain

    UK

    GBPEUR touched a high of 1.2524 yesterday after reaching the low of 1.2439, this morning markets have opened at just under 1.25 and strong German CPI data this afternoon could support the euro further today.GBPUSD closed trading close to where it had opened yesterday, achieving a high of 1.5716 and low of 1.5672 – close to a two-month low of 1.5630. Strong technical support is in place at 1.5577 and with strong resistance in at 1.5778 we can expect the pair to trade around 1.57 unless any major unexpected news emerges today.

    Further indication of the BoE willingness to extend the QE program came in the form of a statement by MPC member Ben Broadbent on Monday. He explained the threat of an “extreme outcome” to the Eurozone crisis has made capital more expensive, weakened investment and the UK’s supply capacity. Most importantly he said the MPC would respond to any such extreme outcome by providing more stimulus to the UK economy.

    Spencer Dale, the central bank’s chief economist, said in a radio interview that monetary policy is “highly stimulatory” and its effects will continue to flow through the economy.
    ________________________________________

    WORLDWIDE

    EURUSD made a slight drop overall in the session, moving in a tight range of 1.2622 to 1.2524, the European markets closed at 1.2536 and overnight it tested the support at 1.2500 before rebounding up to the current levels around 1.2570. Traders expect this pair to continue its volatile downward trend as the uncertainty around Europe builds.

    As mentioned yesterday, the Spanish government announced a €19bn bailout of Bankia in the form of sovereign debt which may act as collateral. The Spanish main stock index hit a 9 year low after the news was published and 10 year sovereign bond yields hit 6.5% and are fast approaching the 7% danger level considered to be “unsustainable” by analysts.

    The Spanish government are looking to raise €20-30bn from an ambitious plan of privatizations, which is expected to be approved before the summer. Units currently targeted include rail operators, state lottery organisers and water utility providers.

    Greece’s Conservatives have regained a lead before elections on June 17. This increase in support for the pro-bailout party lifted riskier currencies and triggered a short-covering rally in the euro. At the same time the EFSF has disbursed €18bn to the country’s four largest banks as agreed in their previous tranche. This will enable the banks to once again borrow from the ECB.

    JPMorgan raised its 2012 forecasts for the US dollar Monday, predicting a rise against all major units except the yen based on Greece’s lurch towards a euro exit and China’s ongoing slowdown. It lowered forecasts for AUD and now sees it at $0.96 against USD in Q2 and Q3. USD/JPY was maintained in the high 70s for the medium term.

    The Governor of the National Bank of Poland, Marek Belka, said yesterday that the country is seeing a slowdown in economic growth, but it is “not dramatic.” Belka said during a presentation at the Central Reserve Bank of Peru that Poland’s GDP is “cruising” at 4% growth. He also added, however, that “the economy is slowing down.” GBPPLN is currently trading at 5.473, the Zloty has weakened nearly 7% in just over a month from 5.061 seen in April.

    Japan’s Overall Household Spending YoY for April was published just above the 2.4% consensus. Unemployment figure for the same period was also marginally worse than the 4.5% consensus. Retail sales for the same period materialised at 5.8% against the 6.3% consensus and 10.3% previous.

    Australian HIA New Home sales MoM in April were released early this morning and demonstrated an increase on the 3% previous, which contributed to the rate dropping from 1.5970 down to 1.5870 overnight. Sterling is expected to continue to test the resistance in place at 1.60 during the coming sessions.

    Swiss Consumption data for April from UBS was also released earlier today at 1.41 versus the previous 1.22. The market did not really react to the news though and GBPCHF continues to trade close to 1.50, having traded in a tight range of just 30 pips for the last 12 hours.

    Hotels on the rise in 2012

    150 150 Daniel Fountain

    Iain Hardman is the Deputy Managing Director of multi award-winning East Lodge Country House Hotel in Rowsley, in the heart of Derbyshire’s Peak District. He outlines some of the top trends for 2012.

    2012 is set to be a critical year for hotel owners throughout the UK. The twin celebrations of the Queen’s Jubilee and the Olympics on the horizon, presents a unique opportunity for hoteliers, with the expected flood of visitors set to give the whole industry a financial boost estimated at anywhere between £100-£150 million.Many in the industry have been preparing for this moment for the last few years, looking to capitalise on these signature events. Only hotels at the top of their game and up to speed with the latest trends in the hospitality industry can hope for a competitive edge when competing for this potential influx of new business.

    When looking at current trends in the hotel industry, there are some general themes which are solid and evolving and coming to fruition now, and these need to be distinguished from some of the fads that come along from time to time only to fade away. Some of these solid trends, particularly in terms of food and décor are clearly here to stay for the foreseeable future and are the ‘ones to watch’ for 2012. The areas trending now in the four areas of décor, multi-media, food and ‘value adds’.

    Décor
    Boutique style is still very much in vogue. Traditional and modern hotels have always appealed to different types of guest, but the modern traveller is now expecting more, with even the most traditional of hotels and chains expected to have the latest in modern touches of style. This has seen many venues become ‘boutique’ in style and here the challenge is to deliver the modern style of décor demanded, while remaining in keeping with the often very traditional features and historical significance of some hotel buildings.

    While boutique is still very much a buzz word, its original meaning was to distinguish, small, elite hotels, specialising in fine dining and a high standard of personalised customer service from some of the larger chains. While this still remains the case, there has been a clear effort on the part of everyone to up their game and deliver in these areas too. This trend is certainly going to continue and is forcing Boutique hotels in the original sense of the word to themselves offer greater choice.

    This trend also extends from the interior generally, to specifics like the restaurant. Choice is becoming a watchword for many consumers now and having one basic offering is now proving insufficient. While many guests continue to demand the classical restaurant setting – others want the availability of other options, such as a private dining area or a Chef’s Table and many venues are now looking at these options as a way of delivering additional customer satisfaction and as a means for delivering a feast for the eyes as much as the appetite.

    Continued on page two

    New fabrics from Sekers: TRINITY

    150 150 Daniel Fountain

    Welcome to Trinity by Sekers, and meet Orla: all natural woven aesthetic, Zatarra: the sophisticated reversible satin, and Valentina: a high sheen glamour puss!Allow them to reduce light in your hotel room to ensure sweet dreams are enjoyed.

    Take your pick and lose the light with these high quality inherent FR curtain dim out fabrics in 42 colours.

    New Website Launch for Crosswater

    150 150 Daniel Fountain

    Leaders in bathroom design, Crosswater Holdings has launched a stylish new look website. Excelling with a vast, exciting and an innovative product range, the site now combines all three prevailing brands: Crosswater, Simpsons and Bauhaus. Bringing the site up to date, the refreshed look has brought the site in line to coincide with the design of the new brochures, POS and other marketing material. The new site now offers retailers, consumers and interior designers full accessibility to the entire product range with detailed information, easier navigation and improved search tools. The website has been updated to provide retailers a more efficient channel to view all of the products with technical advice from the three brands. The latest brochures can be downloaded and the site also features the latest news and product launches. Designed to offer consumers and interior designers with inspiration and all the tools and advice needed, there is also a login ‘Wishlist’ page, which enables users to save all of their product preferences for their bathroom ideas.

    Keeping the site current for all customers, the website will be continually updated as new products and innovations are brought to market.

    To view the new website, visit: www.crosswater.co.uk

    IFX Market Report for 28/05/2012

    150 150 Daniel Fountain

    UK

    GBPUSD opened trading on Friday at 1.5676 and saw little movement throughout the day reaching a high of 1.5686 before eventually closing at 1.5644. With sterling closing the session below the 1.5700 level and posted a fourth consecutive weekly loss against the US dollar, weighed down by broad risk aversion and increasing speculation the BoE could resume its bond purchases. The pair remained steady over the weekend and opened the markets this morning at just over 1.57. With strong support now built around 1.5533 the pair could remain range-bound between there and the top resistance at 1.5762 until the questions over QE are answered.Gilts advanced for a fifth week, 2yr,5yr & 10yr yields dropped as government reports showed GDP shrank more than initially estimated and retail sales declined. UK bonds rallied as minutes of the Bank of England’s meeting showed the MPC decision to halt its £325bn QE program was “finely balanced.”

    GBPEUR opened trading on Friday at 1.2458 hitting a small drop to the low of 1.2426 before a steady recovery over the 1.25 mark, hitting an afternoon high of 1.2530 before settling at 1.2498 at the close. This morning markets have opened back around 1.2460.Technical long term support remains at 1.2345 and the resistance is as high as 1.2639 now. A close above 1.25 will confirm sterling is still on course to progress during the near term.
    ________________________________________

    WORLDWIDE

    Today is a non-trading day in the US so the markets may be a little subdued due to the lack of data and liquidity.

    The euro had its biggest weekly loss since December against the US dollar as Greece’s pro-bailout party gained in the polls and is now leading the race ahead of left wing party Syriza. Ultimately concerns over a Greek exit have dramatically decreased.

    Greece’s New Democracy, which supports the European Union’s bailout plan, was placed first in all six opinion polls this weekend as campaigning continued for next month’s general election. Antonio Samaras, the leader of Greece’s New Democracy party explained the consequences of a euro exit, saying Greek incomes, bank deposits and property values would lose at least half their value within days, while food prices would rise by a quarter.

    On Friday EURUSD opened at 1.2582 and fell to the day’s low of 1.2499 before closing at 1.2515. Over the weekend the euro continued to weaken, with the pair posting a low of 1.2496, this morning the pair has recovered slightly to trade around 1.2590. We expect a rally towards the resistance at 1.2630 during the days session.

    Interestingly, on Friday afternoon EURUSD traded lower than GBPEUR, this was the first time since June 2010 that the two pairs have crossed over.
    Spain have this morning revealed they may fund their takeover of Bankia with sovereign debt, technically meaning that they are using ECB funds.

    The Swiss franc saw the biggest loss against the US dollar last week, falling 2.1% to 95.95 centimes per dollar. It was the biggest weekly loss since November, CHF also touched the weakest level in two months versus the euro on May 24 amid speculation the central bank may take action to discourage investment in the nation through taxing deposits.

    Brazil’s real rose 1.8% against the US dollar to 1.9874 after the central bank sold currency swaps through auction for four consecutive days to stem the decline against the greenback.

    Bank of Japan policymakers agreed to ease monetary policy in April to ensure the economy resumes a recovery, but signalled a pause by complaining of a “misunderstanding” in markets that they will keep offering monetary stimulus automatically until 1% inflation was in sight. GBPJPY has dropped from 131.64 to 124.18 in less than a month. So the need for stimulus this month is greater than when they last intervened.

    NZDUSD declined to the weakest since November at 0.7642, The kiwi’s losses were limited as Moody’s cited the government’s deficit and debt trajectories in affirming its AAA rating.

    Creative Junior Suites for Kids

    150 150 Daniel Fountain

    Hotel Junior Suites take on a different meaning in NH Hotels with the launch of new concept rooms designed especially for kids. Launching at the Hesperia Lanzarote and tailored especially for younger guests, this new breed of Junior Suites have been created to offer a safe and magical haven filled with fun.Following interviews with families and children staying at the hotel over a period of two years, the NH Group discovered that what kids desired most from a holiday was somewhere they could call their own; a place where kids are king. So the Hotel Junior Suites were born, providing fuel for imagination and everything children could need or want for a fun-filled family holiday.

    Creatively designed and tailored to suit girls and boys of different ages, the Junior Suites feature bunk beds, themed bed linen, toys and imaginative children’s décor, including mirror stickers, ceiling mobiles and colourful bathroom fittings. Family safety has also been prioritised, with all Junior Suites featuring safety plugs, padded table corners and ultrasound mosquito repellent.

    Boredom blues have been banished with a free borrowing service offering endless entertainment. On loan to Junior Suite guests are Wiis, Playstations, telescopes, electronic dartboards and music centres, as well as a range of family board games, books and films – all available in multiple languages and suitable for a range of different age group. Of course, a film library wouldn’t be the same without movie snacks – the hotel will provide these complimentary too!

    Junior Suite guests can also enjoy a variety of exclusive benefits, including discounts and promotions to external attractions such as the Aqua Park and submarine experience, children’s room service with all their favourite dishes and snacks, kids themed toiletries and bathrobes, a healthy child-friendly minibar and a special surprise treat each and every day you’re there.

    Hesperia Lanzarote also houses an extensive and free kids club, offering sports sessions and outside activities, as well as fun and educational workshops. Once a week, families can also request a “Goodnight with Hesperio” service, where the hotel’s friendly hippo mascot will come and tuck you in and wish you a good night’s sleep.

    There are currently seven kid’s rooms available, each accommodating families of three to four people. Rooms can also be tailored towards age and gender at the time of booking.

    With numerous restaurants, bars, a stunning spa area, paddle courts and three outdoor swimming pools there is plenty for families to experience and enjoy.

    Just five minutes from the island’s airport, Hesperia Lanzarote is situated next to the exclusive Puerto Calero yacht harbour, which boasts some of the most exclusive fashion shopping and fine restaurants in Lanzarote. From the hotel there is direct access to a volcanic sandy beach with a huge deck area and a bar for enjoying the sunshine with drinks and light snacks. At night the deck also hosts a superb Chill Out Bar “Lanz Beach Club“ in front of the beach.

    The Ritz-Carlton, Montreal to Open as Second Canadian Jewel in the Hotel Company Portfolio

    150 150 Daniel Fountain

    On Monday, May 28, 2012, the iconic Ritz-Carlton, Montreal will reopen after an extensive $200 million restoration combining the latest amenities with the splendour of the past. The Grande Dame of Sherbrooke Street is back in all her glory.

    A first-class transformation
    Under the direction of Quebec architectural firm Provencher Roy + Associés, the iconic Montreal hotel underwent an exhaustive transformation. The building’s facade was preserved and restored, public spaces were renovated and upgraded, and the guestrooms were redesigned to feature the very best in luxury and comfort. The Ritz-Carlton, Montreal now has 98 rooms and 31 suites. The 4,700-square-foot Royal Suite is the largest hotel suite in Montreal.

    The building’s façade was preserved and restored, as were the Lobby, the Palm Court, the Oval Room and the hotel’s famed garden. Many decorative details from 1912, such as marble fireplaces in some of the suites, reflect this masterful blend of old and new.

    The guestrooms also feature high-tech amenities, such as thermostats that intuitively remember a guest’s temperature preferences upon check-in, and motion sensors that activate lights when guests enter a dark room.

     

    Sophisticated contemporary amenities
    The Ritz-Carlton, Montreal offers guests a wealth of amenities at their fingertips. The 10,000 square feet of meeting space are flexible and offer event planners the possibility of accommodating up to 300 people. Guests can dine at acclaimed chef Daniel Boulud’s restaurant, Maison Boulud, in the 130-seat dining room, the 46-seat year-round greenhouse, or on the new terrace on Sherbrooke Street. They can enjoy afternoon tea in the hotel’s impeccable gardens, work out at the gym or take a dip in the new indoor salt-water pool.

    About the Ritz-Carlton Montreal
    The Ritz-Carlton Montreal is the most prestigious address in Montreal, with 129 entirely redesigned guestrooms and suites, as well as 46 new luxury residences. The hotel’s restaurant was designed by Super Potato, one of the world’s most highly reputed restaurant design firms. Chef Daniel Boulud manages the restaurant operations with his company, Dinex Group.

    The Ritz-Carlton Montreal is located in the heart of the Golden Square Mile, home to Montreal’s elite in the early twentieth century. A symbol of refinement and elegance, the hotel has welcomed some of the world’s best-known heads of state, artists and business magnates. Several of the 20th century’s leading figures have stayed there, including the Queen Mother, Winston Churchill, Charles de Gaulle, Richard Nixon, Pierre Elliott Trudeau, Brian Mulroney, George Bush Sr., the Rolling Stones and Celine Dion, as well as Elizabeth Taylor and Richard Burton, who celebrated their first marriage at the hotel.

    The Alpina Gstaad Launches December 2012

    150 150 Daniel Fountain

    This December will see the grand opening of The Alpina Gstaad in the heart of the Bernese Alps. The first luxury hotel to be built in Gstaad in 100 years, The Alpina Gstaad is set in an exclusive hill top area in Oberbort, just five minutes from the centre of Gstaad village, overlooking picturesque Saanenland. A contemporary interpretation of traditional Swiss architecture, the hotel is part of a $337 million luxury development that includes 56 spacious rooms and suites, private apartments and two chalets surrounded by five acres of garden. The hotel will include the first European outpost of the renowned Japanese restaurant MEGU and two further restaurants – a traditional Swiss stubli and a modern European restaurant. Other highlights include a wine tasting room, a cigar room, a private cinema and a 2,000 square metre Six Senses Spa. This will have all the facilities of a five star destination spa including a 25-metre indoor lap pool, an outdoor swimming pool, a fitness centre and will offer a range of holistic treatments and rejuvenation programmes.

    “We are building the first new five-star hotel in Gstaad in 100 years. The architectural design is inspired by local Swiss alpine culture and the rugged authenticity of the Bernese Oberland. The Alpina Gstaad will be a luxurious hotel providing an indulgent Swiss mountain experience,” explained the owners Marcel Bach and Jean-Claude Mimran.

    The Alpina Gstaad will offer its guests the very best insider access to this famously exclusive, yet still authentically Swiss, hilltop village.

    Debut of Keraton at The Plaza, a Luxury Collection Hotel, Jakarta

    150 150 Daniel Fountain

    The Luxury Collection Hotels & Resorts, part of Starwood Hotels & Resorts Worldwide Inc., has recently announced the opening of its 80th hotel with the debut of Keraton at The Plaza, a Luxury Collection Hotel, the brand’s first hotel in Jakarta. Located in the heart of Indonesia’s capital and situated at Jalan Thamrin, one of the most prestigious addresses in the city, Keraton at The Plaza is a distinct and intimate luxury hotel offering a unique, modern interpretation of the rich Indonesian culture. Connoting ‘palace’ in Javanese, Keraton at The Plaza will feature an intimate 140 sumptuously appointed guest rooms and suites, each a haven of Javanese luxury with floor-to-ceiling windows and state of the art in-room technology. The hotel will also introduce the brand’s signature Luxury Collection Concierge service to all guests and promises the most discerning global travellers an extraordinary experience.

    Exceptional Art & Design
    Already celebrated for its distinct architecture and interior design, Keraton at The Plaza is inspired by the diversity of Indonesia’s geography and culture and features splashes of colour, rich woods, and intricate Batik floral patterns throughout the hotel. The interior design, developed with SCDA Singapore and Burega Farnell Pte. Ltd., celebrates local influence, from an intricate mural of Javanese artwork displayed at the porte-cochère to an abstract piece hand-carved from rick Mahogany wood and adorned with antique gold, depicting a royal welcome. Guests are invited to discover the eclectic collection of art throughout the hotel and in a dedicated gallery, both curated by the renowned design firm Hadiprana Artworks of Jakarta as well as local artists discovered by Mira Hadiprana.

    Exquisite Culinary Experiences
    Bengawan is the signature restaurant at Keraton at The Plaza, providing an authentic five-star Indonesian dining experience and featuring a customized menu that incorporates local flavours and indigenous ingredients from the islands. Located on the seventh floor with spectacular views of Jakarta, the indoor and outdoor restaurant provides a respite from the bustling city below wrapped in lush foliage and surrounded by soothing water features.

    Located on the lobby level, the Keraton Lounge is a delightfully elegant venue serving traditional High Tea each afternoon. Fusing English and Javanese High Tea traditions, the Keraton Lounge features a lavish selection of hot and cold delicacies served with an extensive collection of local and international teas. In the evening, the Keraton Lounge offers classic cocktails, an international selection of wines and a variety of locally-inspired drinks.

    A Perfectly Poised Palace
    Located on the northwest coast of Java, Jakarta is the capital of Indonesia and its largest city. Prominently situated near to Jakarta’s most famous roundabout and the gateway for visitors, Keraton at The Plaza is perfectly poised in the downtown business district, just 30 kilometres from Soekarno-Hatta International Airport (CGK) and minutes from the enchanting and private oasis.

    SOURCE: Starwood Hotels & Resorts Worldwide, Inc.

    May Fair opens the Ebony Suite

    150 150 Daniel Fountain

    The May Fair Hotel, London, a luxury retreat for the world’s most famous and distinguished faces, providing them with the superlative in surprising experiences, has now unveiled the ultimate treat for the world’s most pampered derrieres; the UK’s most innovative hotel lavatory. Worth approximately £10,000, the TOTO Neorest Washlet is the most advanced lavatory around. Its futuristic design features a heated seat, integrated bidet with directional warm jets of water, temperature and water massage function, dryer and automatic deodorizer – all operated via a wall-mounted remote control panel.

    Spanning an impressive 110 square metres, the elaborate Ebony Suite integrates over £50k of the latest bathroom technology including basins with colour-changing controls that reflect the temperature of the water, a unique bathtub that emits a soothing glow while you soak and a shower which delivers horizontal streams of pulsating water for total body invigoration.

    The interior style signatures include dark wood, ivory and chic metallic decoration, whilst the large 34 square metre private terrace, 67 square metre lounge area complete with four-seater dining table, 52” flat screen, kitchenette and separate guest bedroom and bathroom makes the The Ebony Suite ideal for entertaining.

    Volga Linen: Bespoke table linen

    150 150 Daniel Fountain

    Volga Linen offers the ultimate attention to detail for summer weddings and special events with their bespoke table linen.Whether you choose an intricate crest, logo or romantically entwined initials in a range of colours, the result will be exquisite.

    For other products in 2012 catalogue, click here.

    PLEASE CONTACT US:
    0844 4991608
    London Shop:
    17 Langton Street, SW10 0JL
    Tel: 0207 3525616

    Sale of iconic hotel in the heart of London’s SW1

    150 150 Daniel Fountain

    The St. Ermin’s hotel in Westminster, has been put to market by global fund manager Angelo Gordon and turn-around specialist and hotel manager Amerimar in a move to capitalise on the increasing investor demand for hotel assets in London. The vacant possession freehold opportunity offers an excellent international branding opportunity in one of the most highly sought after hotel markets in the world. George Nicholas, Executive Vice President at Jones Lang LaSalle Hotels who is managing the sale, said: “London hotels have recorded the highest RevPAR growth of any UK city over the past year underpinned by continued strength in the tourism sector. With 331 luxurious guest rooms, freedom to brand and operate the hotel to a buyer’s liking and situated on just under an acre of freehold land this represents a distinguished and rare investment opportunity.”

    Partners Angelo Gordon, Amerimar and Gracemark fully renovated the Grade II listed period building, originally constructed in 1889, to return the hotel to its former glory. The iconic and prestigious St Ermin’s features brick built Dutch gables, baroque and rococo plasterwork with a garden courtyard.

    Nicholas concluded: “The St Ermin’s hotel is fantastically located in one of London’s most sought after districts, so we expect there to be a high level of interest in this sale. The hotel is incredibly well connected to the London transport network and shrouded by iconic London Landmarks. The repositioning of the hotel is echoed in the regeneration of the wider St James, Buckingham Gate and Victoria areas. Over £2 billion of investment of new and refurbished office and retail space is due to be completed between 2012 and 2016. This trend, which will augment the existing corporate demand, will continue through the decade as the result of a dramatic master plan which is underway.”

    IFX Market Report for 25/05/2012

    150 150 Daniel Fountain

    UK

    After it emerged yesterday the UK economy shrank more in the first quarter than was initially estimated sterling dropped to 1.2458 against the euro. The revised figure showed an increased contraction of -0.2% to -0.3% but the pound bounced back well later in the session and GBPEUR rose to a high of 1.2498. Overnight the pair hit 1.2503 but has fallen back to 1.2450 this morning. Two consecutive quarters of negative growth means the UK re-entered technical recession last month but the Bank of England decided to keep their stimulus program unchanged in May’s meeting. However, the International Monetary Fund has called on the BoE to increase its bond purchasing program to stimulate growth in the struggling economy.

    Net mortgage lending by UK banks dropped back in April as demand for property weakened following the end of the government’s stamp duty tax holiday for first-time buyers, and as rising euro zone tensions weigh more heavily on business and consumer confidence, a survey from the British Bankers Association showed Thursday.

    GBPUSD fell to 1.5638 after the 9.30am GDP announcement but traded as high as 1.5719 later in the session before losing most of those gains overnight. The March 12th low of 1.5601 becomes the downside target to breach, a close below this opens the flood gates for further drops but an improvement in risk appetite could support the pound if conditions in the Eurozone improve.

    UK stocks rose, rebounding from their biggest selloff in six months, as European Union leaders called on Greek voters to stick to austerity measures if they want to remain in the euro.
    ________________________________________

    WORLDWIDE

    The euro fluctuated against the dollar after touching the weakest level since July 2010 (1.2519) as German manufacturing data dropped. A German index based on a survey of purchasing managers in the manufacturing industry declined to 45 this month from 46.2 in April.

    German business confidence fell sharply in May by more than expected after a rise for six months in a row, due to growing uncertainty in the Eurozone, Germany’s IFO Institute said yesterday.

    Despite the poor data, EURUSD rose in the afternoon breaking back through the 1.26 mark but euro weakness is the major talking point in the money markets. EURUSD remains below the previous 2012 low of 1.2627 and this will provide a big resistance if euro launches a recovery.

    Eurozone governments are at a crucial point and must now “jointly and irreversibly” define their vision of the future, European Central Bank President Mario Draghi said Thursday in a speech where he also emphasized that Europe’s social welfare models are sustainable if managed properly.

    Financial markets are punishing some Eurozone assets because of the failure of regional leaders to find a solution to the sovereign debt crisis, Draghi said. The ECB’s extraordinary measures, such as providing longer-term liquidity, only serve to gain time, he added.

    The number of US workers filing first-time applications for unemployment benefits ticked down last week, suggesting the employment sector is slowly mending. Initial jobless claims fell by 2k to a seasonally adjusted 370k in the week ended May 19, the Labor Department said Thursday. It was the first time in three weeks that claims fell.

    Orders for long-lasting goods increased slightly in April after a steep drop the prior month, continuing the up-and-down recovery for the manufacturing sector. Manufacturers’ orders for durable goods, items such as computers and cars designed to last at least three years, grew by 0.2% to a seasonally adjusted $215.53bn, the Commerce Department said Thursday. The improvement came after orders fell 3.7% to an upwardly revised $215.20bn in March.

    Canada’s dollar fluctuated as traders speculated whether European leaders will seek measures to contain Europe’s debt crisis and reports added to concern growth is slowing in the US, the nation’s largest trading partner. The currency advanced from almost a four-month low as global stocks and commodities gained even after data showed European services and manufacturing shrank more than forecast in May. European leaders clashed over how to stem the sovereign- debt crisis that began in Greece and has wiped about $4 trillion from equity markets worldwide this month.

    The South African Reserve Bank kept interest rates at a 30-year low on Thursday as the euro zone’s financial crisis threatens to crimp growth and stoke inflation in Africa’s largest economy. The ramifications of a Greek exit from the euro were “a significant part” of policy makers’ discussions in deciding interest rates, Reserve Bank Governor Gill Marcus said after announcing the bank would leave its key borrowing rate at 5.5%.

    The Swiss franc weakened to its lowest level in two months against the euro amid speculation the central bank may take action to discourage investment in the nation through taxing deposits.

    The Westin Dublin Unveils Newly-Refreshed Rooms Named After Irish Writers

    150 150 Daniel Fountain

    Inspired by its location at the heart of a UNESCO City of Literature, The Westin Dublin has chosen an appropriate theme for a selection of its newly-refreshed guest rooms. In celebration of the city and country’s rich literary tradition, nine of the hotel’s refurbished rooms have been named after Irish writers, including Bram Stoker, Jonathan Swift and Patrick Kavanagh.These nine Writers’ Rooms boast a little extra ‘character’, with a different feature in each room – a balcony, a quirky layout or an interesting view – setting it apart. Named after poets and playwrights, satirists and scribes, these newly refurbished Writers’ Rooms are now known as the Patrick Kavanagh, the Bram Stoker, the Flann O’Brien, the John Millington Synge, the Sean O’Casey, the Dion Boucicault, the Jonathan Swift, the Edmund Burke and the Maria Edgeworth.

    The Westin Dublin’s 163 luxury guest rooms now feature two different styles of décor, allowing guests to enjoy either a Traditional or a Contemporary feel.

    Traditional rooms are classically elegant featuring mahogany furniture and shades of cream, gold and deep red. These rooms are warm, rich and distinguished and are the favourite of guests who enjoy a touch of local flavour.

    The hotel’s Contemporary rooms have recently been entirely refurbished. These guest rooms are stylish and fresh, featuring deep-buttoned chocolate leather and delicate shades of cream, silvery green, beige and champagne, to create a calm yet luxurious atmosphere.

    The refresh of the Contemporary rooms was overseen by leading interior designers HBA London. With woven patterns in carpets inspired by some of the masterworks of Irish manuscript illustration, these rooms on the 2nd, 3rd and 5th floors reflect a more contemporary look-and-feel while still retaining references to their Irish location.

    Each refurbished room features a Mediahub, allowing guests to stream both audio and video from their laptop, iPad or smartphone to the bedroom television, whilst new bathrooms boast frameless shower screens creating a greater sense of space.

    In addition to the nine Writers’ Rooms, four of The Westin Dublin’s most luxurious suites – known collectively as the Library Suites – already bear the names of illustrious writers George Bernard Shaw, Samuel Beckett, W.B. Yeats and Oscar Wilde.

    Each room at The Westin Dublin is designed to provide a tranquil atmosphere for rejuvenation and relaxation with the attention to detail, quality and luxury that sets the hotel apart. All guest rooms feature the signature Westin Heavenly Bed, Heavenly Spa by Westin bathroom amenities, 32″ HD plasma televisions, a large working desk, phone with voicemail service and high-speed wired/wireless internet access.

    Hypnos Is First UK Bedmaker to Achieve Carbon Neutral

    150 150 Daniel Fountain

    Bed manufacturer of the year* and proud Royal Warrant holder, Hypnos has received further recognition for excellence by being credited the first UK bed makers to achieve the BS PAS 2060 Carbon Neutrality Standard.By working with a management partner, Carbon Footprint Ltd, Hypnos successfully introduced a robust carbon management plan, outlining clear objectives and targets to help reduce and offset carbon emissions, enabling the company to meet the stringent requirements of the Standard.

    Through its on-going commitment to excellence in improving its ‘green’ strategy, Hypnos has implemented a number of recycling and sustainability initiatives. This included introducing a new, innovative mattress material called eOlus™ fibre, which is manufactured from recycled plastic bottles and acts as a substitute for synthetic foams. In addition, all timber used in Hypnos’ divans is FSC or PEFC certified, ensuring that it is sourced from sustainable managed forests, reinforcing that Hypnos uses only natural, recyclable and sustainable materials.

    Further to this, Hypnos partnered with Tree Appeal with an aim to plant more than 1,000 trees a year across the UK and Uganda; educating children in their local communities on the importance of caring for the environment while helping to offset the CO2 emissions generated by the company’s international business.

    Chris Ward, Director of Marketing, Hypnos, comments, “Our company is strongly committed to a range of ecologically-responsible projects as we work continually to reduce our carbon emissions through the adoption of a robust Environmental and Carbon Management Plan.

    “We work extremely hard as a company to minimise our carbon emissions and the impact on the environment generated by our business. Our challenge is to consider sustainability, recycling and the environment in everything we do and to demonstrate that we care about the environment we live in.

    “We believe that our new Carbon Neutral accreditation will further cement our commitment to designing and manufacturing beautiful, comfortable and sustainable beds that guarantee a great night’s sleep.”

    For more information about Hypnos Contract Division, please visit www.hypnoscontractbeds.com.

    *Hypnos was named ‘bed manufacturer of the year’ by the National Bed Federation in 2011.

    Forbes Group’s the choice of the Hilton Waldorf

    150 150 Daniel Fountain

    Forbes Group’s reputation for furniture, conference cloths, table skirting and equipment that offers immaculate presentation combined with functionality would appear to be confirmed by its latest order from the Hilton Waldorf Hotel on Aldwych, London. The Adelphi Suite of this classic hotel has just undergone an £800,000 refurbishment that demanded respect for the building (parts of which are listed) combined with an upgrade to the highest modern hospitality specifications.The Hilton Waldorf’s order to Forbes for conference cloths and drop covers, table skirting and cocktail table covers reveals a need for impeccable appearance and comfort for those attending meetings and events, combined with, for hotel staff, machine-washable, hard-wearing fabrics, tailor-made to the hotel’s requirements, and all in colours to complement their revised decor.

    In addition, the Buffet-Rite heat-resistant table top that caused a stir on the Forbes Group stand at Hotelympia will soon be turning heads in the Hilton Waldorf Adelphi suite. The sleek powder-coated table-top that fits over tables to provide a heat-proof serving surface when required, shrugs off spillages and wipes clean, providing cost-savings in laundry and giving ordinary tables multiple uses. When the Buffet-Rite is used over a stretch Silcra cover, a table transforms into a sculpted serving station for indoor or outdoor use. The virtues of the Buffet-Rite are fast becoming recognised. It is now a standard item in all UK Mercure Hotels and is increasingly a specified item.

    Forbes Group’s London Business Manager Damian White worked directly with the hotel management to determine their requirements at the Hilton Waldorf. “We are of course delighted to contribute to this prestigious project,” commented White, “but I am confident that the staff and customers at the Hilton Waldorf will get years of good service and first-class presentation from our products.”

    White’s order from the Hilton Waldorf further included carpeted staging, and a podium from the Forbes Industries range (USA) whose products (including luggage and housekeeping carts) Forbes Group now distributes in the UK and Europe.

    Introducing Calle by Skopos

    150 150 Daniel Fountain

    May sees the launch of a refreshing new upholstery collection from the Accents range by Skopos. Calle, a collection of strié velvets has been developed for contract upholstery, delivering a soft luxurious velvet touch in 28 colours, ranging from reliable neutrals to a bold and vivid palette with a Mediterranean flavour. Confident, fun and cheerful this collection delivers quality and luxury to the market at an excellent price point.

    Flame retardant to Crib 5, Calle offers 45,000 Martindale rubs in line with the requirements of the contract hotel and leisure sector. Available with small minimums and short lead-times, customer interest has been evident prior to the official May launch.

    Skopos is an ISO9001 accredited company and has over 30 year’s specialist experience in the design and manufacture of high performance FR contract fabrics for the hospitality sector.

    VIDEO: Technology Drives New Design Innovations by Hilton Hotels & Resorts

    150 150 Daniel Fountain

    Hilton Design Studio Transforms Hotel Design Process while Hilton Valet™ and Hilton Connectivity Station Enhance Guest Experience

    Hilton Hotels & Resorts has recently launched Hilton Design Studio (HDS), a new cutting-edge online tool that transforms the way in which owners, developers and design firms implement the brand’s forward-thinking design narrative. The brand also continues to build on its evolving design narrative with the unveiling of Hilton ValetTM and Hilton Connectivity Station, two ready-to-use owner solutions that enhance the guest experience and demonstrate the influence of technology on design innovations from Hilton Hotels & Resorts.

    “Design has a powerful impact on the overall guest experience and brings our brand promise to life in a unique way,” said Dave Horton, global head, Hilton Hotels & Resorts. “The introduction of these new innovations and our design narratives elevates our offering to guests and provides our owners with the most advanced design solution in our industry. As we build new hotels and refresh current properties, Hilton Design Studio is a streamlined solution for implementing designs that are consistent, yet completely unique.”

    Extending the Hilton brand’s commitment to well-designed and thoughtful spaces, HDS provides a cost-effective and time-saving solution for Hilton owners, operators and design consultant teams. Now available for hotels across the Americas, HDS will evolve as the central design development platform for guest rooms and public spaces at all Hilton Hotels & Resorts properties worldwide. While Hilton Hotels & Resorts continues to grow and evolve with the largest development pipeline in its history and a three-year, $3 billion plan of significant property renovations across the global portfolio, HDS streamlines the arduous design process and minimizes costs.

    The new tool allows for creativity and flexibility in the design process while providing parameters based on the brand’s design guidelines. It provides a consistent brand design narrative while embracing cultural nuances and styles across the global Hilton portfolio. HDS offers users a guided experience to explore the Hilton Lobby and new guest room design narratives and an interactive ‘design a guest room’ component built on brand-approved specifications and three style palettes – classic, transitional and modern. The real-time process allows users to quickly choose their guest room layout; style and colour palettes; furniture, fixtures and equipment (FF&E); flooring and artwork.

    A new FF&E concept is Hilton ValetTM, a multifunctional armoire that includes a built-in ironing board and power outlet for an iron, an “unfolding” closet space, a built-in luggage rack, a safe for valuables positioned at standing height, and a refrigerator and coffee/tea service that both discreetly slide into drawers so they are only visible when in use. The result is a streamlined, uncluttered space that helps guests feel at home.

    Once a room is designed with HDS, the technology produces detailed design specifications, CADD drawings and six dynamic renderings of each user-generated guest room, saving owners a considerable investment and improving speed of design implementation. The conceptual 3-D drawings utilize an advanced layered-graphic approach, with approximately 1,600 images available to produce the more than one billion unique room design options. Users also have the ability to save multiple projects for easy modifications or reference throughout the design process.

    Continued on page two

    The growth of Cruise

    150 150 Daniel Fountain

    The growth of the cruise industry has been remarkable over the last ten years. Their floating hotels vary in size and luxury, but the number of passengers continues to grow and the market changes with ships increasingly catering to families. It is expected that in 2012 over 20 million people will take cruise holidays. In 2011 UK grew its cruise tour visitor numbers by 2.6%.Part of the regeneration for many areas now is the addition of a cruise berth, and the Tourism Society recently published a case study showing the development of the cruise terminal in Liverpool as a part of the waterfront regeneration there (see the Liverpool Hilton, Hilton Indigo, Days Inn Liverpool and other pieces we have published on the regeneration of Liverpool as a destination). The case study formed a part of their focus on Cruise in the Summer issue of their journal ‘Tourism’. This terminal is now being approved by HMG as a strating point for curises not just a brief stop in a voyage, potentially generating more stays at liverpool’s hotels.

    Cruise has traditionally been characterised as ‘for the newly-wed the overfed or the nearly dead’ but the growth in the market across demographics is reflected in the addition of climbing walls, flow riders and the development of luxury spa facilities on the ships. The growing diversity of the audience for cruise is partly down to the real term decrease in the cost of cruising, the key to which is the increasing size of the vessels being used. The scale of the ships leads to a need to design berthing facilities that will cope with them and enable shore excursions to take the passengers from their often 2,000 plus cabins.

    Liverpool’s terminal is shared with the Isle of Man ferries, and the arrival of the liners attracts large audiences to the quayside as well as vendors and other attractions, bring crowds to the waterfront and helping regeneration as well as putting millions into the local Liverpool economy. It is estimated that passenger spend in 2012 will add £2.7 million into the Liverpool economy, up from 1.5 million in the first year of operation in 2008.

    Liverpool has a historic and continuing association with the sea. As a small boy in Liverpool I was the proud possessor of a funnel recognition book so I could identify which shipping line the steamers belonged too. The growth of containerisation took many of the smaller ships out of business and the air charter removed many a passenger liner. it is a delight to see large scale return of liners to the Mersey and other seaports. The growth potential is large and these floating hotels provide thriving business for many design practices, although regrettably our own ship building industry has been allowed to decline so that it is no longer capable of building one of these Leviathans.

    ©Patrick Goff
    Words & Pictures 2012

    IFX Market Report for 23/05/2012

    150 150 Daniel Fountain

    UK

    The pound fell sharply against the US dollar yesterday as data showed UK inflation has relaxed. GBPUSD opened at 1.5843 and fell to a session low of 1.5771. The falls have continued overnight and the pair dropped to 1.5696 this morning.UK Public Sector Net Borrowing came in significantly below expectations. Public corporations and local and central government posted -£18.5bn. Forecasts suggested a figure of £8.5bn, which in itself would have been a considerable drop from the £14.6bn posted last month.

    UK Chancellor Osborne asserted that the debt crisis in the Eurozone is reaching a critical point, and the UK is preparing for a range of outcomes. Despite this GBP remained largely range bound against the euro, trading from a low 1.2350 to 1.2390. Overnight the pair has risen sharply and hit 1.2450 in the early hours of the morning.

    Bank of England minutes published this morning revealed an 8-1 vote to leave QE unchanged. David Miles as usual was the only member voting for an increase but this time a number of the members mentioned their decision was finely balanced. The MPC are adopting a ‘Wait and See’ policy so additional QE could be on the cards if the economy stalls.

    Retail Sales data released this morning showed a sharp decline in April, falling to -2.3% from 2.0% last month. This is exactly the sort of data MPC will be monitoring closely before next month’s policy meeting.
    ________________________________________

    WORLDWIDE

    Head of the IMF, Christine Lagarde, said she expected Greece to implement its agreed bailout program. The euro lost value against the US dollar as analysts warn the currency is becoming a crowded short in anticipation of Greece’s June elections.

    EURUSD fell yesterday reversing Monday’s gains falling from an open of 1.2807 to an overnight low of 1.2656. The pair opened this morning falling further, dropping below support levels of 1.2650. A close below this today would signal further falls in coming sessions.

    Germany will remain firmly opposed to the Eurobonds favoured by the UK and France. Officials are working together to prepare smaller project bonds, and deny these are the gateway to shared liability for sovereign debt.

    Consumer confidence in the Eurozone posted a fractionally better than expected figure at -19 as opposed to -20, but this still paints a bleak picture for sentiment.

    The potential for a third longer-term refinancing operation from the European Central Bank is increasing, according to ratings agency Fitch. “The likelihood that a third longer-term refinancing operation (LTRO) will be needed by certain banks in ‘peripheral’ Eurozone countries is increasing due to worries over Eurozone sovereigns, limited deleveraging ability and flat-to-negative deposit trends among other factors,” Fitch said in a statement Tuesday.

    US Existing Home Sales was released in line with expectation; existing homes make up the majority of total sales and therefore tend to have more impact than New Home Sales on currency.

    The US has stated that it will not enter into trade talks with the EU unless its own economic growth is assured.

    Marriott International Continues Robust Growth In Asia

    150 150 Daniel Fountain

    Marriott International, Inc. has recently announced it has reached the milestone figure of 250 open and signed hotels in Asia, with the 250th hotel to be located in Bo’ao in China. This represents 129 open hotels plus our development pipeline of 121 projects – totalling more than 75,000 rooms in 15 countries.While Asia continues to deliver robust growth, China remains the strongest driver and Marriott International has ambitious plans in the country. With the portfolio expected to double from the current 58 open hotels in the next 3-4 years, Marriott will increase its work force to well over 70,000 associates over the same time period.

    Marriott has been a tireless advocate for removing the barriers to travel through its membership in the World Travel and Tourism Council (WTTC) and World Economic Forum’s Aviation, Travel and Tourism Council. A primary focus has been on new models of mobility, such as the e-visa and reciprocity among nations to make travel easier. The company is also training its associates and teams outside of China to welcome and host Chinese travellers.

    Chinese outbound traveller numbers to the US have risen from about 225,000 in 2002 to almost a million in 2011, and with that number is forecast to increase an astonishing 274% by 2016. China represents the fastest growth – by far – of any country, according to the U.S. Department of Commerce. Through its participation on the U.S. Travel and Tourism Advisory Board, Marriott has helped drive a new national tourism strategy, announced last week, to boost international visitors to the United States to 100 million people annually by 2021. Similarly, U.S. Visitation to Asia is expected to increase by similar numbers.

    Seminar on the Fire Safety Regulations of Upholstered Furniture

    150 150 Daniel Fountain

    In conjunction with the midlands region of SBID (the society of British interior design)

    Factory tour to see upholstery being manufactured from the frame to the finished article.
    Opportunity to view the latest designs and upholstery fabrics from major brands in the newly refurbished pf collections 5000 sq ft showroom facility.Venue: P F Collections Ltd
    Oakleaf House
    Acton Road
    Long Eaton
    Nottingham
    NG10 1FU

    Date: June 19th 2012

    This seminar is open to all members of SBID, hoteldesigns.net and the interior design clients of P F Collections Ltd. Places are limited and will be allocated on a first come first served basis.

    Background
    The furniture and fire safety regulations became law in 1988. With the passage of time, these regulations sometimes do not receive the detailed attention that they require to make sure that upholstery supplied to clients complies with the law. Many of the people in the industry that were in business when the regulations were introduced and vigorously monitored by trading standards have either retired or left the industry due to the enormous reliance in the uk on imported furniture.

    The subject is now receiving greater attention due to increased monitoring by trading standards who report that as much as 50% of furniture supplied fails to comply with the regulations. In the case of non-domestic property, new regulations introduced specifically for that area of the industry is being more vigorously monitored by the health and safety executive and local authorities.

    The penalties for supplying non-compliant furniture are very onerous with the most severe cases attracting prison sentences. Closures of buildings due to non-compliance of the new regulations introduced in 2008 are becoming an increasing common occurrence. As with all law, ignorance of the requirements of the law is not a defence.

    If you specify, supply or purchase upholstered furniture it is essential that you fully understand the regulations, know what records and information you need to keep to ensure that every piece of upholstery complies with the law.

    John Campbell, the managing director of P F Collections Ltd has been involved in the manufacture of upholstery since 1976. He was actively involved in the industry discussions which helped formulate the 1988 regulations, has led discussion groups for numerous organisations over the past few years and will lead this seminar.
    At the end of this seminar you will understand the regulations in detail, know what records to keep and be able to demonstrate to any compliance officer that you and your business not only understand the regulations but that you also comply. Seminar notes will be supplied to those attending.

    If you know the answers to the following questions then you probably do not need to attend. If you do not then you should book your place immediately.

    • The fabric I wish to use does not pass the cigarette test. Can I use it if a fire retardant back coating is applied?
    • The fabric is 100% natural fibre but has not been tested by the supplier. Can it be used with an interliner because it contains more than the required 75% natural fibre content?
    • Can I supply a sofa in calico for my client to make their own loose covers?
    • What labelling is required for the furniture I supply?
    • What are the different requirements of the furniture and fire safety regulations 1988 and the regulatory reform (fire safety) order 2005?
    • I wish to supply a hotel with sofas and chairs. Which regulations apply?

    Agenda
    Morning coffee on arrival from 11am
    Seminar from 11.30 is followed by a light buffet lunch
    The seminar will be held in the newly refurbished 5000sq ft showroom
    Tour of the factory is also available for those wishing to see chairs and sofas being manufactured

    P F Collections Ltd is situated close to junction 25 of the M1 and trains run regularly from London St Pancras and many other destinations to Long Eaton Station. Collection and return to Long Eaton Station can be arranged.

    Book your place now by e mailing tom.campbell@pfcollections.co.uk or call him on 0115 9461282

    Design meets technical innovation: Further development of LED luminaires with flexarms

    150 150 Daniel Fountain

    To meet the advanced requirements of their clients Baulmann Leuchten is now launching a new series of LED luminaires with flexarms: new design meets functionality and robustness.The new luminaires are available as tablelamps, floorlamps and wall mounted luminaires. An essential element of the new design is a black fabric tube which increases the stability of the flexarm and prevents damages due to inappropriate handling.

    As an option, Baulmann Leuchten does also offer this new range of luminaires with a velvet-finish; the standard colours available in this finish are green, orange and purple.

    The new round-shaped base of the tablelamp and floorlamp provides a delicate design with a kind of floating appearance.

    By means of new high-quality glass lenses the light-distribution of the LED has been improved impressively.

    All pictures are copyright by Baulmann Leuchten.

    IFX Market Report for 22/05/2012

    150 150 Daniel Fountain

    UK

    Sterling finished the day on a 2½ week low of 1.2356 against the euro as improved sentiment played in the build-up to EU leaders meeting on Wednesday. It had hit a day high of 1.2404 following the opening of American markets.PM David Cameron said on Monday not enough had been done to end the Eurozone debt crisis but reassured savers worried by a downgrading of Spanish banks that British banks were well regulated and well capitalized.

    The BoE bowed to outside pressure on Monday, launching 3 independent reviews to learn lessons from the financial and economic crisis, but immediately ran into criticism that their scope was too limited and technical. The reviews will be finished in October in time to inform the Treasury when they are selecting the next governor of the BoE to replace Sir Mervyn King next year.

    UK CPI data released this morning showed inflation in the UK has dropped more than expected to 3.0% from 3.5% last month. The fall will be welcomed by UK householders but the gives the BoE more room for additional QE, subsequently the pound has now fallen below 1.58 against the US dollar is around 1.2350 versus the euro.
    ________________________________________

    WORLDWIDE

    The US dollar remained largely unchanged versus its major rivals on Monday. The start of the trading week has seen little economic data that would sway investors in any one direction. Against sterling it closed on par with the open rate at 1.5820 having reached a high of 1.5780 but USDJPY rebounded from Friday’s 3-month low of 78.966 back to around 79.300.

    EURUSD also finished off the day pretty much where it started at 1.2815 but as the US markets opened, risk sentiment rate drove the pair temporarily to a session low of 1.2719.

    Investors continue to monitor the political situation in Greece as the country awaits a second round of elections due to take place on June 17th. The euro is likely to perform based on how confident investors feel a compromise will be reached and whether Greece can remain in the Eurozone. For the time being, yesterday’s close above 1.28 against the US dollar points suggests further rises but many analysts expect declines if EURUSD can’t break back through 1.2918.

    EU leaders meet tomorrow at a special EU summit in Brussels. After discussions at last weekend’s G8 meeting, French President Hollande will be pushing his proposals to promote growth including issuing of Eurobonds. Spain and Italy are said to be keen on the idea whilst German Chancellor Merkel has openly voiced her opposition.

    Spain may see another economic contraction in the second quarter of this year, Economy Minister Luis De Guindos said. GDP shrank 0.3% in the first quarter, pushing the economy into a technical recession after 0.3% slump in economic activity in the last quarter of 2011.

    Eurozone construction output rebounded sharply in March, the latest figures from Eurostat revealed Monday. Construction output jumped 12.4% month-on-month in March, recovering from a 10.4% slump in February and 0.5% fall in January.

    The Conference Board’s leading indicator for China’s economic activity increased at a steady pace in April, suggesting a modest growth ahead. Meanwhile, the underlying indicators showed some degree of weakness, sending a mixed message over the prospects of the economy.

    The Reserve Bank of New Zealand said earlier that inflation expectations for the second quarter ticked down to 2.4%, from 2.5% in the previous quarter dampening expectations for a rate hike in the near future.

    Australian and New Zealand dollars strengthened against their major counterparts as Asian stocks rose on hopes that China will take more measures to prevent a rapid economic slowdown. The Aussie climbed to 5-day highs of 0.9923 against USD and 78.82 against the yen. The NZD also advanced, hitting 5-day highs of 0.7676 against USD and 60.98 against the yen.

    Hilton Worldwide and Schiphol Group Plan for Iconic New Airport Hotel

    150 150 Daniel Fountain

    Hilton Worldwide and Schiphol Real Estate, Schiphol Group’s real estate subsidiary, have today signed an agreement to introduce a new landmark 433 guest room Hilton Hotels & Resorts hotel to Amsterdam Airport Schiphol, to be designed by prominent Dutch architects, Mecanoo. The new hotel will replace the current Hilton property and is expected to open in 2015, with construction scheduled to start later in 2012. Plans for the hotel, a development and investment by Schiphol Real Estate, were drawn up to meet increasing market demand and match the high quality standards of Amsterdam Airport Schiphol. Facilities at the hotel, which will be managed by Hilton, are set to include a ballroom and 23 meeting rooms, speciality restaurant and bar, executive lounge, spa and fitness centre, light-filled atrium lobby and underground parking offering 138 parking spaces. A new sheltered walkway will also connect hotel guests directly to the international airport terminal.

    The new Hilton hotel will be situated in a prominent location alongside the access roads to the international airport terminal, near the existing Hilton hotel, which will remain in operation until the opening of the new property and then be demolished. The new cube-shaped building, which will feature rounded edges and a diamond-shaped façade with diagonal lines, has been designed with a view becoming of an airport landmark.

    A large atrium with a 35-metre high glass ceiling forms the heart of the hotel and meeting area. The light horizontal lines of the balustrades and white elements will reflect daylight deep into the building, providing an air of grandeur, while frames and lining will create a natural, elegant appearance, according to its architects.

    The interior design, being overseen by Merkx+Girod of The Netherlands and Hirsch Bedner Associates of the United Kingdom, evokes a touch of contemporary, innovative and fresh Dutch design with strong, original forms and a natural, harmonious colour scheme.

    Hilton Worldwide recently welcomed the sixth hotel to its Dutch portfolio, with the opening of DoubleTree by Hilton Amsterdam Centraal Station. It also expects to open two new hotels before 2014, with the introduction of the first Waldorf Astoria and Hilton Garden Inn properties to the Netherlands.

    Aloft Brand Arrives on the Scene in the Greater Toronto Area

    150 150 Daniel Fountain

    Starwood Hotels & Resorts Worldwide, Inc., along with Silver Hotel Group, has recently announced the debut of its new destination sensation brand, Aloft Hotels, in the Greater Toronto Area with the opening of Aloft Vaughan Mills.Located in Vaughan, the hotel is the second Aloft hotel in Canada, joining the Aloft Montreal Airport which debuted as the world\’s first in 2008. The momentum for the brand will continue in Canada as Aloft Calgary University will open in early 2013 as one of the first hotel conversion projects for the brand.

    Featuring 131 loft-like guest rooms, Aloft Vaughan Mills will be just steps from the Vaughan Mills Shopping Centre, in the heart of unrivalled luxury shopping, dining and world-class entertainment, and boasts atmospheric public spaces where guests can mix and mingle, read the paper, work on laptops, play a game of pool or grab a drink with friends at the re:mixSM lounge and w xyzSM bar. Spacious guest rooms feature Aloft\’s signature ceilings of nearly three metres high, oversized windows and an ultra-comfortable platform bed as well as large walk-in showers with complimentary Bliss Spa(R) products. Designed with the digital generation in mind, Aloft Vaughan Mills has fast and free wireless internet access throughout the whole hotel, including all guest rooms. Each room is also equipped with a unique plug-and-play connectivity solution which connects most electronic devices to the 42\’\’ flat-screen TV, turning the room into a high-tech office as well as an entertainment centre.

    Guests will be able to de-stress and re-energise in the re:chargeSM fitness centre and SplashSM pool and grab a bite to eat at re:fuel by AloftSM, a one-stop, 24-hour grab-and-go food and beverage area, offering sweet, savoury and healthy food, snacks and drinks.

    For work meetings, training courses and presentations, the hotel\’s three Tactic meeting rooms are equipped with the latest generation of audio-visual hardware, providing the perfect creative space for groups of up to 15 people.

    SOURCE: Starwood Hotels & Resorts Worldwide, Inc.
    IMAGES: Stock photography

    IFX Market Report for 21/05/2012

    150 150 Daniel Fountain

    UK

    On Friday, sterling gained 0.25% versus the euro in the mid-morning session rising to 1.2475 but closed the day down at 1.2422. Sterling has traded as low as 1.2360 this morning.After a week of steady falls against the US dollar, on Friday the pound began to recover and rose to a high of 1.5836 around lunchtime. GBPUSD remained fairly flat over the weekend and opened today at just over 1.58.

    George Osborne warned yesterday that Britain faces “enormous risks” from chaos in the Eurozone, admitting that the government is preparing for the crisis to deepen. In a bleak assessment he voiced fears that the turmoil in the European Union may “only get worse”, hampering Britain’s recovery from the double dip recession.

    Risk analysts warned yesterday that a Greek exit from the single currency would wipe another 10% off the value of British banks. At the same time, recovery among manufacturers could be strangled by the crisis. With funds pouring into London, sterling is being pushed up to levels that will make exports more expensive, hitting trade and threatening jobs. Sir Mervyn King, Governor of the Bank of England, last week refused to rule out intervention in foreign exchange markets to try to cap the value of the pound, which has risen by 4% since February.

    Santander UK tried to reassure its British savers yesterday after a rise in customers withdrawing money in the wake of the downgrading of the Spanish-owned bank. In spite of reassurance from financial experts and officials, some depositors were taking no chances. The British bank, which has 25 million customers, stressed its financial strength and its independence from the crisis buffeting the Spanish banking industry.

    The UK housing market has been weaker in the years following the global credit crunch. The government’s first-time buyer stamp duty holiday provided some brief respite in recent months, but it looks like growing concerns over an array of problems will likely weigh on sellers’ pricing power and overall activity levels going forward.

    Data released this morning from Markit showed that UK consumers’ spending power was squeezed yet again in April and May as the rising cost of everyday goods, higher mortgage rates and still muted earnings growth weighed on Britons’ ability to spend.
    ________________________________________

    WORLDWIDE

    The euro fell for a third week against the US dollar, reaching a four-month low of 1.2645 on Friday morning after increased concerns the Eurozone debt crisis may spread to other nations in the monetary union such as Spain.

    EURUSD fared better in the afternoon reversing the trend moving to session high of 1.2738. The gains continued over the weekend peaking at 1.2797 as the European session opened this morning, above the 1.27 support level established last week and technical experts are eyeing 1.2890 as a key resistance level to breach.

    Speaking after the G8 summit over the weekend, US President Barack Obama has said there is an “emerging consensus” that European countries must now focus on jobs and growth, he said the US was confident that Europe can meet its challenges.

    Asian currencies had the biggest weekly drop since November as concern Europe’s debt crisis will worsen spurred demand for dollars amid signs the US and Chinese economies are losing momentum.

    Canada’s weakened for a third straight week as concern Europe’s debt crisis will worsen overshadowed government data showing inflation and factory sales rose more than forecast. USDCAD has moved from 0.9815 at the end of April to 1.0215 today.

    Bank Governor Mark Carney said last month interest-rate increases may be necessary as growth and inflation outpace his earlier projections, and as slack disappears from the economy. Policy makers have kept the benchmark rate at 1% since September 2010.

    The Russian ruble depreciated against the dollar for an 11th day, extending its losing streak to the longest in more than three years as oil declined and after a report showed weaker-than-expected Russian industrial growth.

    Premier Hit for Leicester Square

    150 150 Daniel Fountain

    Leicester Square is famous as the home of film and theatre and today sees a new addition to the Square, with the opening of a Premier Inn at number 1 Leicester Place. Premier Inn’s brand new 83 bedroom hotel was officially opened on the 16th May by Whitbread Chairman Anthony Habgood, Whitbread Managing Director Patrick Dempsey, and Minister of Tourism and Heritage, John Penrose MP. The new hotel, which sees a £12 million investment into the London economy, is one of 20 hotels that will have opened by the end of 2013 across the city as part of a major expansion drive for the hotel chain.

    Premier Inn Leicester Square has not only provided significant investment into the local economy but has also created 32 job opportunities for London residents ranging from reception to managerial roles, 50% of those employed have come from long term unemployed 18-24 year olds.

    Patrick Dempsey, Managing Director of Whitbread Hotels and Restaurants, comments: “We are delighted to be opening a new Premier Inn in the heart of London, a short walk from many of the capitals most well known tourist attractions. Our exciting growth in London means that we can offer even more people a great night’s sleep in the best locations when visiting the capital and we look forward to opening more hotels in London over the coming year.”

    John Penrose, Minister for Tourism and Heritage, comments: “Tourism is vital to the UK’s economy and growth and it will play a big role in our future success. It is great to have been here today to officially open the new hotel in this brilliant location and to hear Premier Inn’s plans for further expansion. The eyes of the world will be on London this summer and I can only commend Premier Inn’s contribution to making England the place to stay for both international and domestic travellers.”

    The new hotel is also a leader in innovation with ‘floating’ bedrooms equipped with double soundproofing to ensure guests get a good night’s sleep despite being within walking distance of many popular theatres, shops and London tourist attractions.

    Nearly ten years in development, but worth the wait

    150 150 Daniel Fountain

    Spa to open at the Four Seasons Hotel Milano

    Loyal guests and local devotees of Milan’s historic Four Seasons Hotel Milano will soon have to wait no longer, as the hotel opens its much-anticipated spa this June.Incorporating a spa into a 15th century former convent clearly cannot be rushed or taken lightly. Meticulous planning has therefore ensured that the new additions bring the best in spa thinking while complimenting the collection of centuries-old buildings that together make up this very special hotel. This highly sensitive project has been entrusted to renowned, Milan-based, architect and designer Patricia Urquiola.

    The spa preserves the original 19th century vaulted ceilings while incorporating seven treatment rooms, a swimming pool and a Turkish bath with sauna and jacuzzi. There will be a state-of-the-art Technogym fitness studio and a signature hair spa by Rossano Ferretti – one of Italy’s most celebrated hairdressers famous for his “Methodo” cut.

    The spa will be home to a range of treatments by luxury product houses La Prairie and Sodashi. La Prairie has combined innovations in biotechnology with the art of cosmetics and anti-ageing into a range of massage and relaxation techniques, that were specifically created for the spa at Four Seasons Hotel Milano. Sodashi, with its combination of natural elements and essential oils, is the perfect choice for those favouring a holistic and organic approach to wellbeing.

    “Here we have tried to achieve, through a harmonious atmosphere of space, materials and colours, a realisation of beauty that every guest will associate with both an emotional and absolute organic idea of comfort.” says Patricia Urquiola.

    The new Spa will have a soft opening in June 2012.

    The Furniture Makers announce awards for excellence in British furniture design

    150 150 Daniel Fountain

    The Design Guild Marks, introduced by The Furniture Makers Company in 2008, recognise and reward excellence in the British design of furniture in volume production. In this fifth year there were a very high number of applications and the design of most of them was exceptional. The judging panel (listed below) had the difficult task of assessing which entries had achieved the now established standard of excellence required from the diverse range of items set out for their inspection.

    As explained by Jonathan Hindle, the Founding Chairman of the Design Guild Mark:
    “The Worshipful Company of Furniture Makers introduced the Design Guild Mark to reward the finest furniture designers working in volume production in Britain and the best of British furniture designers working abroad. The criteria are excellence in four fields – design, the use of materials, manufacture and function. Interestingly it is becoming apparent that by raising awareness of design and British design talent, the industry as a whole seems to be becoming more design led with its customers now able to ‘buy more design for their money’.

    Graham Jones, the present chairman, added:
    “In the last two years we have seen an increasingly diverse range of entries including furniture for outdoor use as well as inside, for both the retail and the contract markets, for healthcare and education as well as for the office sector. And importantly in this context, an increasing proportion of the entries is reaching the standard of excellence the judges are looking for.”

    The judges were:
    Sally Bendelow – Marks & Spencer, Jonathan Hindle – KI, Tony Chambers – Wallpaper, Simon Jackson – Gensler, Barbara Chandler – The Evening Standard, Stephan Oberwegner – Max Bentheim, Lee Cheong – University of Portsmouth, Sarah Simmonds – Scott Brownrigg, Sheridan Coakley – SCP, Pernille Stafford – TP Bennett, Sebastian Conran – Sebastian Conran Associates and Jason Wilary-Attew – John Lewis.

     

    All judges with an interest in an entry stood aside when that entry was being discussed

    Designers whose entries were awarded Design Guild Marks this year were:
    • Simon Burvill – ‘Lizard Lounger’ for Gaze Burvill DGM 48
    • David Chipperfield – ‘Piana Chair’ for Alessi, distributed by KI DGM 49
    • Nigel Coates – ‘Domo Chair’ for Poltronova SRL DGM 50
    • Tony Cole – ‘Staverton CL’ for Logic Office Group DGM 51
    • Sebastian Conran – ‘Aerofoil’ Desk and Bureau for John Lewis DGM 52
    • Sebastian Conran – ‘Boxer’ Shelves for John Lewis DGM 53
    • Sebastian Conran – ‘Radius’ Personal Table for John Lewis DGM 54
    • Sean Dare – ‘Spline Chair’ for Dare Studio DGM 55
    • Chris Eckersley – ‘Devon Chair’ for Sitting Firm Chairmakers DGM 56
    • Ben Fowler – ‘Sonoma Folding Wardrobe’ for Marks & Spencer DGM 57
    • David Fox – ‘The Magic Stool’ for Boss Design DGM 58
    • Mark Gabbertas – ‘Nomad’ for Gloster Furniture DGM 59
    • Bethan Gray – ‘Noah Dining Table and Bench’ for John Lewis DGM 60
    • Bethan Gray – ‘Noah Dining Chair’ for John Lewis DGM 61
    • Bethan Gray – ‘Noah Storage Range’ for John Lewis DGM 62
    • Broome Jenkins – ‘Meet-U Table System’ for Burgess Furniture DGM 63
    • Kay+Stemmer – ‘Cricket Bench’ for SCP Ltd DGM 64
    • Marc Krusin – ‘Krusin Table Collection’ for Knoll International DGM 65
    • Marc Krusin – ‘Krusin Chair Collection’ for Knoll International DGM 66
    • Katerina Zachariades – ‘Manhattan Collection’ for Morgan DGM 67
    • Corin Mellor – ‘Beech Plywood Furniture’ range for David Mellor DGM 68
    • PearsonLloyd – ‘PLC Chair Line’ for Modus DGM 69
    • Simon Pengelly – ‘Theo Chair and Range’ for Chorus Furniture DGM 70
    • Simon Pengelly – ‘Confer Chair’ for Allermuir Ltd DGM 71
    • Leonhard Pfeifer – ‘Eigen Coat Stand’ for John Lewis. (Mfd by Woodman) DGM72
    • David Young – ‘Animate Writing Desk’ for Young & Norgate DGM 73
    • Zoeftig Design Studio – ‘inFINITE Seating System’ for Zoeftig & Co DGM 74

     

    Barbara Chandler, Photographer, design writer for the London Evening Standard, Design Columnist for Homes & Gardens and a judge for every year of the scheme, said afterwards:
    “In this age of cut-backs it is so good to see the Furniture Makers supporting good design in such a positive way. This year, as judges, we interrogated the designers themselves, who had to present their work. This made us all so very proud of British standards of design which, underpinned by our excellent art and design colleges, are acknowledged to be the highest in the world.

    It was fascinating to see that the twenty seven recipients of the 2012 Design Guild Marks ranged from the inFINITE airport seating from Zoeftig – technically state-of-the-art, and exported to China! – to more traditional pieces lovingly made, yet in volume production, like the handcrafted Animate Writing Desk designed by David Young.”

    Jason Wilary-Attew, Head of Furniture buying for John Lewis, and another of the judges, commented:
    “I thoroughly enjoyed the judging, and thought we had some really healthy discussion and debate. It was great to have so many people with truly varied experience, which led to a very rounded judging panel. The quality of entries was very high, and we really benefitted from hearing the designers and the manufacturers of their designs explaining their products.”

     

    Coincidentally a news item from The Furniture Makers not previously announced is that the John Lewis Partnership has undertaken to sponsor the Design Guild Mark for next year and beyond. This support will greatly help the development of the Design Guild Mark as the accolade, the recognition, which all aspiring British furniture designers, whether working in the UK or abroad, would like to achieve.

    The Furniture Makers Company is very grateful to John Lewis for its future help and, as every year, to Marks & Spencer for its support of the Design Guild Mark by making both its facilities and its staff available for the judging process.

    Travelodge Creates 100 New Jobs & Strengthens Its Maintenance Team

    150 150 Daniel Fountain

    100 JOBS = 65 Maintenance Workers, 20 Hotel Team Members & 15 Head Office Staff

    Budget hotel chain, Travelodge is delighted to announce the creation of 100 jobs across the UK.

    Sixty five of the new positions have been created to strengthen the Company’s ‘MIB’ function (maintenance), which is an industry first initiative that was successfully launched a year ago.The Travelodge ‘Men in Black’ (MIB) team travel across the UK providing an in-house highly skilled maintenance support function to all the Company’s hotels. Their day to day responsibilities includes: plumbing, fixing hotel appliances, decorating and general maintenance within the hotel.

    Paul Harvey, Travelodge Managing Director said: “I believe we are the only UK hotel company that invests in an in-house maintenance function.

    With having over 500 Travelodge’s and growing at good pace, employing direct trade professionals makes good business sense. It ensures we have a dedicated resource on hand; whose main objective is to ensure all of our hotels are in good working order at all times.”

    “Our MIB function has proven to be a valuable asset to the Company and I am delighted we have created a further 65 nationwide new positions within the department. This investment will certainly strengthen our maintenance resource, which will result in a better service for our hotel staff and customers.”

    In addition to the 65 MIB positions, Travelodge is looking to recruit for 20 hotel team members and 15 head office staff.

    The hotel team member roles are for hotels in the following locations:
    London, Chester, Ipswich, Tamworth and Burton upon Trent. Positions include: Receptionist, Guest Room Cleaner and Bar Café staff.

    The budget hotel chain also has 15 roles within its head office in Thame, Oxfordshire, which includes ten management positions. The roles include:

    Pricing & Strategy Manager
    Yield Manager (2)
    Revenue Manager (5)
    Inventory Manager
    Payroll Manager
    Pricing & Strategy Analyst
    Employee Relations Advisor (2)
    Senior Consumer Press Officer
    Credit Controller,

    Interested candidates for the MIB position need to send their CV to: recruitmaintenance@travelodge.co.uk
    Interested candidates for the hotel and head office positions need to send their CVs to: careers@travelodge.co.uk

    A regal Wilton for the Royal Pavilion

    150 150 Daniel Fountain

    A stunning bespoke carpet from Wilton Carpets Commercial has been laid in the Music Room Gallery at the Royal Pavilion, featuring a striking and intricate design that carefully replicates the original carpet that adorned the gallery in the 19th century.The new carpet consists of unusual deep reds, pinks and golds on a soft beige base colour, a design that complements the Chinoiserie style décor of the Music Room Gallery. With small motifs and fine detailing, this is a complex and sophisticated carpet that gives the room a lavish, grand feel.

    The carpet was first imitated in 1975, when staff from the conservation team at the Royal Pavilion worked closely with the Wilton Design team to recreate the original hand-knotted carpet from 1821. Referring to watercolour paintings by Pugin depicting the Music Gallery from this time, Wilton worked to replicate the carpet, using influences from carpets from Turkmenistan that included motifs that corresponded closely to those seen in the paintings. Some 37 years later in 2012, the carpet needed to be replaced and Wilton was the obvious and preferred choice for the Royal Pavilion.

    As Louise Brown, Facilities Manager for the Royal Pavilion, explains, “When it came to replacing the carpet, we knew that Wilton had a copy of the bespoke design pattern from 37 years ago. We felt confident that by purchasing the identical carpet from the same manufacturer, we could expect high quality carpet that should last us another 35 years or more.”

    However, it was not just a simple re-order of the same design. The design team at the Royal Pavilion requested a small sample piece to be made first, to re-check the carpet against the original watercolour for ultimate likeness. As a result of this, some of the colours were adjusted for a look that is even more true to form than the first copy, allowed by the wider choice of colours now available from Wilton and highlighting the carpet manufacturer’s commitment to achieving perfection.

    “We are delighted with the finished carpet,” enthuses Louise. “It really renews the palatial feel of the Music Room Gallery once again and we are sure that it will continue to look fantastic for the next few decades and withstand the pressure of the next 12 million visitors who walk across it.”

    Initially decorated in the Chinoiserie style and used as a billiards room in 1803, the Music Room Gallery has undergone many extravagant transformations, including assuming an Egyptian style and eventually reverting to the original Chinese-inspired design. In 1821, the room was again redecorated, and has remained in the same style right up until the present day. Now, thanks to Wilton, the carpet looks set to remain the focal feature of the Music Room Gallery for years to come.

    This commercial carpet, a wilton 10-row weave in an Avebury Super cut pile, was fitted by P.H Buxton & Sons across 189 square metres. Wilton Carpets Commercial’s bespoke carpets are ideal for clients who want something unique and striking. The Design Team at Wilton provides a thorough service, working directly with designers, contractors and clients right from the initial briefing stage to perfecting the finished product. With a choice of axminster, wilton or tufted weave carpets, Wilton Carpets Commercial can create carpets in any colour, in a choice of qualities, from light commercial to very heavy contract.

    For further information contact Wilton Carpets Commercial on 01722 746000 or sales@wiltoncarpets.com

    New ‘Astra’ Sheers from Sekers

    150 150 Daniel Fountain

    These colourful ‘Astra’ sheers from Sekers will add the finishing touch to any room. A metallic wide-width sheer with colours ranging from Zinc, Dragonfly, Frost and Star for curtains that will create a decadent chic look.

    Inherently flame retardant in 27 colours with 3 meter weighted drops.

    Visit our website www.sekersfabrics.co.uk to order samples, or contact your local area manager to receive the pattern book.

    Turnberry Isle Miami Joins Autograph Collection

    150 150 Daniel Fountain

    Autograph Collection has announced that Turnberry Isle Miami, a landmark luxury resort in South Florida, has joined the brand’s exclusively curated portfolio of independently owned and operated hotels. Located in Aventura, Turnberry Isle Miami is the third South Florida hotel to join the collection and the 32nd property added to the brand’s expanding roster. Built in 1971, the award-winning Mediterranean-style luxury retreat spans over 300 acres of lush landscaped gardens and golf courses, with 408 deluxe guest rooms and suites.Close to various nearby local attractions and world-class shopping including Aventura Mall across the street, Turnberry Isle Miami has a wide array of award-winning activities and amenities on property for all guests to enjoy, including two 18-hole Raymond Floyd redesigned championship golf courses, a three-story spa & fitness centre, a state-of-the-art tennis centre with a new exclusive partnership with Cañas Tennis, a beach club, multiple pools including a lagoon-style pool with a waterslide and lazy river, a 40,000 square-foot conference centre, marina access, a kids club, and a distinguished membership club. The resort is also home to a variety of notable dining options, including Bourbon Steak, envisioned by world-renowned Chef Michael Mina, and Cascata Grille, which seasons every dish with fresh herbs, vegetables and fruit from an onsite chef’s garden.

    Turnberry Isle Miami has garnered various accolades over the years, including the AAA Four Diamond Award. It has also achieved prominent status on various lists, most recently the2012 Travel + Leisure 500 World’s Best Hotels.

    Owned by Turnberry Hotel Group, a division of the locally-based and family-operated Turnberry Associates, the resort will maintain its unique individuality while gaining access to Marriott International’s global sales and marketing channels, including the company’s renowned Marriott Rewards program.

    Axminster standing proud at Orkney hotel

    150 150 Daniel Fountain

    In a high-contrast colourway, the bold Natural Plaid by Axminster Carpets Commercial now makes a splendid statement at Standing Stones Hotel, Orkney, taking pride of place in the reception area and residents’ lounge.Standing Stones Hotel is owned by young couple Linda Johnston and AlanTulloch, who purchased it in July 2010. After seeing advertising by the company in the national media, the couple specifically targeted the wide range offered by Axminster Carpets Commercial. Aiming for a bright, welcoming design that had a country feel, Natural Plaid inCormorant was the ideal choice with its honey base colour and contrasting black plaid pattern. The resulting look completely lifts the reception area and residents’ lounge, creating an inviting and cosy interior that looks fresh and homely. Made from 100% pure new wool, Natural Plaid is suitable for contract commercial and heavy domestic use, making it the ideal partner for Standing Stones Hotel.

    Standing Stones Hotel is a beautiful guesthousewith stunning views over Stenness Loch towards the famous World Heritage sites of Standing Stones and the Ring of Brodgar. Linda and Alan came armed with a vision to create a welcoming and modern country retreat that offers visitors total relaxation and reflects the natural beauty of the hotel’s location. The installation of the new Axminster carpet is the first step towards this dream as the couple begin their exciting revamp of the hotel.

    As Linda explains, ‘The previous carpet had been in place for 21 years and was starting to show signs of deterioration. It was avery dated, dark design that just did not fit with the new, modern atmosphere that we wanted to create for the hotel. We wanted something light and welcoming, that still retained that all-important traditional country feel and had a high level of durability.”

    The soft but bright colours of the Cormorant Natural Plaid provide the lift that the reception area and residents’ lounge needed. The neutral colour palette of the carpet fits in perfectly with the hotel’s existing furniture, and the blackchecks add depth and interest to the room.

    “We are incredibly happy with the outcome,” enthuses Linda. “We had a specific look in mind when choosing the new carpet, and Axminster Carpets Commercial have delivered in everyway possible. We are now one step closer to achieving the appearance we want for Standing Stones, and this carpet proves our commitment to updating and transforming the hotel to provide the finest environment for our guests.”

    This striking Axminster carpet is one of the first individual touches that Linda and Alan have added to Standing Stones, and with plans to replace all carpet throughout the hotel, it marks the sign of very exciting things to come.

    Rendall Furnishings, based on Orkney, fitted the carpet at Standing Stones Hotel, amounting to a total of almost 100 square metres.

    For further information telephone 01297 630630 or e-mail commercial@axminster-carpets.co.uk

    IFX Market Report for 17/05/2012

    150 150 Daniel Fountain

    UK

    The UK started the day on a positive note after Jobless claims fell by 13,700 from March, this was the largest drop since July 2010, which saw sterling move up to around 1.5985 against the US dollar and hold at 3 ½ year highs of 1.2550 against the euro.Bank of England governor Mervyn King said Wednesday that the UK is drawing up contingency plans for the break-up of the Eurozone, warning that the Eurozone’s escalating debt crisis is the single biggest threat to the UK’s economy recovery. “Contingency plans are being discussed and have been for some time”.

    Bank of England cut its 2012 growth forecasts to 0.8% from 1.2% and said the UK economy was likely to remain “subdued” as the UK faced threats over the euro zone fallout, leaving the door open for further Quantitative Easing to support the economy.

    The pound fell to a month low 1.5888 against the dollar, and fell below 1.25 against the euro after the BoE release.
    ________________________________________

    WORLDWIDE

    The euro rose to 1.2758 against the US dollar yesterday amid speculation its recent decline may have been overdone and after the news that Greek leaders prepare now to hold new elections. The 17-nation currency earlier reached a four-month low 1.2681 against the greenback amid mounting concern Greece will exit the currency bloc.

    German Chancellor Angela Merkel and French President Francois Hollande said they would consider measures to spur economic growth in Greece as long as voters there committed to the austerity demanded to stay in the euro.

    US Industrial Production figures for April showed a 1.1% increase which was 0.5% better than the consensus view and 1.5% better than March, however this did little to affect the market.

    Overnight FOMC minutes showed that several members acknowledged that further QE stimulus could be necessary if the recovery loses momentum, this was expected by investors
    Investors are reducing gold holdings for a third month, the longest stretch since 2004, and favouring the dollar as a haven from Europe’s debt crisis, despite Goldman Sachs Group Inc. predicting record prices for the metal.

    The New Zealand dollar dropped for a fourth day after Auckland-based Fonterra Cooperative Group Ltd., the world’s largest dairy exporter, said whole-milk powder prices continued their slide, falling to the lowest level in more than 2 ½ years.

    Japan’s GDP for Q1 showed a 1.0% growth which was 0.1% up on consensus, the marginal movement did little to the market.

    Australia Consumer Inflation expectation for May came in at 3.1% slightly better than the consensus expectation. The AUD dollar gained around half a cent against the pound moving from around 1.6040, back below 1.59.

    Go-ahead given for Royal Insurance building conversion

    150 150 Daniel Fountain

    A landmark building in Liverpool is set to undergo a significant refit as a city centre hotel in a £12m scheme.Planning permission has been granted to Ashall Property Ltd for the conversion of the Royal Insurance Building on North John Street.

    The scheme, designed by Liverpool architects Falconer Chester Hall, will see the Grade 2* Listed property become a 116-bed hotel with a ground floor restaurant and bar.

    Impressive original features such as the openness of the ground floor General Office will be retained through a sympathetic conversion and use of furniture that has minimal impact and maintains visibility of the whole space including the ornamental ceiling.

    The property has been disused for some time and on the national `Buildings at Risk’ register. The conversion will re-animate and preserve an architecturally significant building which, for many years, was a cornerstone of the city’s business life.

    An assessment of the plans by historic buildings advisor Peter De Figueiredo concluded: “The proposals for repair and conservation will bring major public benefits and enhance the present state of the building.”

    Roger Williams of Preston Brook-based investment and development company Ashall Property Ltd commented: “To bring back to life this iconic Liverpool building will require careful and well co-ordinated construction works. FCH have designed a scheme fitting of the building’s history and we are delighted to be the developer of this superb building which will provide a top quality niche hotel and meeting destination for the city.”

    Work on the conversion is expected to start in December 2012 with completion around December 2013.

    Meet-U® Wins Coveted Design Guild Mark

    150 150 Daniel Fountain

    The Worshipful Company of Furniture Makers states that “The Furniture Makers Company has introduced the Design Guild Mark to reward excellence in the design of furniture in volume production.By the award of this Guild Mark for designs which meet the Company’s criteria, the designers will receive due recognition and the industry will be made more aware of the importance of investment in design. It will mark and reward the work of the finest designers working in Britain and the best of British designers working abroad. Numbered Design Guild Marks will be awarded to the designers of pieces or ranges of furniture in volume production for retail or contract sale which are judged to achieve excellence in respect of the criteria.”

    Two years in the making and designed by Broome Jenkins, starting with cardboard modelling and progressing to rapid prototyping, the new Meet-U® meeting table system from Burgess Furniture includes simple features to allow for agile working and modern technology.

    Carefully designed with the user in mind, a variety of top shapes – including rectangles, squares, triangles and quadrants – link together to form the perfect layout for any meeting room environment. The full range of tables can be further complemented by bridging units, minimising the number of table legs needed and so allowing more people to sit in total comfort around the table layout.

    Presented by Joe Gould from Broome Jenkins, who worked with us on the project, and who were best placed to highlight the selling features of the system to the prestigious judging panel, the Meet-U went on to win an award.

    MORGAN at Clerkenwell Design Week

    150 150 Daniel Fountain

    Morgan are delighted to be exhibiting at Clerkenwell Design Week 22-24th May for the third year in a row and, once again, will be located under the elegant Victorian roofs of the Farmiloe Buildings.In addition to the Manhattan collection, which was launched last year and already recipient of a 2012 Design Guild Mark, Morgan will launch two new furniture pieces at the show: a new conference chair as part of the Oslo collection and a new sofa to join the existing range of chairs from the Metro collection. Further examples from the popular Miami and Soho collections will complete the line-up.

    Managing Director, Rodney McMahon, along with in-house Design Director, Katerina Zachariades, and members of her Design Team will be on the stand throughout the event.

    IFX Market Report for 16/05/2012

    150 150 Daniel Fountain

    UK

    GBPEUR had an erratic session yesterday, falling temporarily to a low of 1.2476 due to better-than-expected German growth data. The drop was short-lived and GBPEUR recovered to hit a session high of 1.2563, a level not seen since Nov 2008. Trading opened this morning at 1.2557
    The recent highs seen in GBPUSD over the last month continued to fall away as USD gained momentum from the increased risk in Europe but also from strong data from the US. The session high was 1.6113 but the pair fell steadily to the 3-week low of 1.6011. Trading opened today at 1.5932.GBPNZD has reached 2.0880 this morning, the highest the pair has traded for 6 months. Mirroring sterling’s recent rise against the Australian dollar, GBPNZD has now moved more than 10% from 1.8625 to 2.0880 in just 3 months.

    UK employment data released this morning showed the Claimant Count dropped by 13.7k, the Claimant Count Rate fell to 4.9% and ILO Unemployment Rate fell to 8.2%.

    The much anticipated Bank of England Inflation this morning painted a gloomy picture of the economy giving a weak growth outlook. The markets responded immediately and the pound fell across the board, GBPUSD has fallen below 1.59 and GBPEUR lost nearly half a cent falling to 1.2509.
    ________________________________________

    WORLDWIDE

    The US dollar out performed a basket of currencies yesterday as investors moved to safe haven currencies after efforts to form a government in Greece failed. EURUSD shed 80 pips within 15 minutes demonstrating the volatility brought about by the crisis-point situation in the Eurozone. The fall continued overnight with EURUSD dropping to 1.2681 as the European markets opened, the lowest seen since Jan 17th.

    Reports emerging this morning suggest that Greeks have withdrawn as much as €700m from local banks. The fall in deposits means Greek banks will become even more reliant on the ECB to help with their operational funding.

    The French economy failed to grow in the first three months of 2012 adding pressure on President Francois Hollande to deliver on his promise to push growth-friendly policies. The new President wants to form a new pact with Europe that would reduce national debts and introduce measures to stimulate growth.

    Greek GDP posted -6.2 change for Q1 2012 and expected to achieve -5% over the year.
    German ZEW Survey of the Current Situation for May showed a significant improvement to 44.1 from 40.7, up also on the 38.0 consensus.

    French President Hollande named French legislator Jean-Marc Ayrault as prime minister shortly after taking office. Meanwhile outgoing French Finance Minister Francois Baroin has revealed that “if Greece crashes out of the Eurozone it would cost France around €50bn net in lost loans”.

    US Consumer Price Index (CPI) YoY for April achieved the 2.3% consensus but fell from the 2.7% previous reading. The MoM for April was flat, down from a 0.3%. CPI excluding Food and Energy YoY and MoM for April showed no change.
    A surprise result for US Net Long-Term TIC Flows in March saw $36.2Bn against the previous $10.1Bn.

    Italy’s ABI, Tuesday said that the downgrade by Moody’s of 26 Italian banks is irresponsible The reasons given are contradictory, as they cite Mario Monti’s austerity measures as one of the motives of the downgrade while those were the same steps that were previously encouraged.

    Foreign direct investment into China fell for the sixth straight month in April, the latest sign of trouble for the world’s second-largest economy.

    UBS has cut its short-term forecasts for both the Australian and New Zealand dollars against the greenback, citing its weaker view for Chinese growth and poor market sentiment caused by Greece.