Arena Hospitality Group announced an investment cycle of HRK 500 million

first_imgIn 2019, Arena Hospitality Group continues the investment cycle and invests HRK 128 million in the Arena Kažela camp. Also, at Verudela in Pula, plans are being finalized for the comprehensive renovation of the Hotel Brioni, which will have a 5-star categorization after the reconstruction. The project starts at the end of 2020 with the aim of opening a hotel in 2022, and it is planned to invest 190,0 million kuna. The hotel will carry the Park Plaza brand, which will position the hotel among the best hotels in the hotel chain. The first part of the investment cycle started last year in the settlement of Pomer, where one of the smaller camps from the group is located, and it was decided to invest in a completely new camping trend. The former Pomer campsite has been transformed into the first Croatian luxury glamping resort – Arena One 99 Glamping.  In Germany, Arena Hospitality Group is finalizing plans to renovate the hotel art’otela berlin kudamm. The hotel is located in Berlin’s famous Charlottenburg district and is dedicated to the works of pop art artist Andy Warhol. The investment will include a complete accommodation part of 152 rooms, and all other hotel facilities. It is planned to invest around HRK 53,0 million.  It was opened in June, and at the end of the season it received a number of prestigious awards such as “Tourist Flower 2018” of the Croatian Tourist Board for Camp of the Year with the best glamping offer in Croatia, and the Golden Goat Award for Tourist Product of the Year. The amount of the investment was HRK 70 million. It is important to point out that this is a 100% glamping concept, the first of its kind in Croatia.  Hotel Brioni, Pula After the completion of the investment, the camp will offer its guests 1.300 spacious pitches and 164 new Premium Camping Home mobile homes. It is planned to invest around 60 million kuna in the tourist resort Verudela Beach in the second half of 2019. Ten accommodation units will be renovated for this season while the remaining 146 units and 20 villas will be renovated for the 2020 season. Upon completion of the investment, the settlement will carry the brand Arena Hotels & Apartments.  Camp Arena Kazelacenter_img In 2019, an investment cycle of HRK 500 million In mid-2017, Arena Hospitality Group raised around HRK 750 million through a public offering on the Zagreb Stock Exchange in order to continue its investment cycle.  Taking into account these investments, Arena Hospitality Group will invest more than half a billion kuna in the period until 2022, which will place it alongside the largest investors in the Croatian tourism sector. “In addition to these investments, further investments in the existing portfolio of the Group can be expected, and in addition, work is being done on the possibility of expansion in the region, and in Central and Eastern Europe.”Conclude from the Group. Strengthening the position in Germany and expanding in Central and Eastern Europe Hotel group Arena Hospitality Group dd, (formerly Arenaturist) currently offers a portfolio of 27 facilities owned, co-owned, leased or managed by more than 10.000 rooms and accommodation units in Croatia, Germany and Hungary.  Interestingly, AHG is the first Croatian hotel company to own and manage hotels outside Croatia and the first with the exclusive right to manage and develop hotels under the internationally recognized brands Park Plaza Hotels and art’otel (Park Plaza, art’otel, Arena Hotels & Apartments and Arena Campsites ).last_img read more

The Use Of Technology And Future Of Work Has Changed Because…

first_imgE-commerce, which is among the issues proposed for consideration in the World Trade Organization (WTO), needs to be properly addressed across the CARICOM region. This is where business is now being conducted especially among Micro Small and Medium Enterprises (MSMEs). With lockdowns across the world and social distancing, technology is playing a central role in communication. Increasingly, people are participating in religious services and concerts online through live-streaming. Pope Francis may have been speaking over the Easter holidays in a mostly empty St. Peter’s Basilica or St. Peter’s Square, but he was joined by thousands, if not millions, of persons through the internet and more traditional means such as television and radio. In many ways, COVID-19 is accelerating the use of technology in our work and social activities. Heads of Government of the Caribbean Community (CARICOM) and senior officials have increasingly resorted to more frequent use of teleconferencing. In fact, recently the Heads of government have been holding emergency sessions on COVID-19’s impact on the region. Guest editorial adapted from CMC feature written by Elizabeth Morgan, a specialist in International Trade Policy and International Politics. While many developed countries have been using technology in the workplace and have adopted flexible working hours, this is not the case in the Caribbean and other developing countries. In general, these countries are  playing catch-up. The Challenges in the Caribbean Working from home has also raised again in Jamaica, and no doubt in other parts of the Caribbean region, the question of flexible working hours. People working from home, whether in the public or private sectors, are reported to be more productive and less stressed. Of course, this requires further study. In Jamaica, in 2014, the Employment (Flexible Work Arrangement) (Miscellaneous Provisions) Act was adopted but is yet to be fully implemented. COVID-19 is demonstrating that there could be merit in introducing some flexible working schedules where appropriate. The use of technology is also changing how diplomacy is being conducted, moving from face-to-face meetings and very formal diplomatic notes and saving-telegrams to teleconferencing, emails, and social media portals like Twitter, Instagram, WhatsApp, etc.  This is not to say that there isn’t still a place for diplomatic person-to-person contact, but diplomacy has clearly moved into the digital age. Within the Caribbean, and especially in its public sector, it is necessary to ensure that institutions and employees have up-to-date, properly maintained equipment and are efficiently trained in how to use them. The service providers in the Caribbean also have to iron out all the kinks to provide a high quality of service at a price that users can afford.center_img However, there are definite signs of improvement over the last 12 years, during which time Caribbean countries upgraded internet services and received teleconferencing equipment through a technical cooperation program. The CARICOM Council for Trade and Economic Development (COTED) Special Session on Information and Communications Technologies (ICT) has, for many years, been looking at creating a Single ICT Space allowing for ICT harmonization and other legislative frameworks in CARICOM. Increased use of ICT, it is said, would aid the realization of the long-awaited CARICOM Single Market and Economy (CSME) and the UN Sustainable Development Goals. In Geneva, Brussels, London, New York, Kingston, Georgetown, and other cities across the world, many people are now working from home using the internet and conducting local and international meetings through some form of teleconferencing. To be honest, Caribbean residents are not actually receiving the best quality telephone and internet services from their principal providers. Security is an important issue as well and, of course, across the region cybersecurity policies and legislation need to be completed. So, whether people are prepared or not, the future of work is evident as COVID-19 preventative is propelling the world more into the digital age and the related reform of working procedures. The flexible working arrangements also need to be seriously examined for implementation. The experiences forced on the region and the rest of the world in this COVID-19 period clearly indicates that the use of technology for communication in various scenarios is workable. A few weeks ago when CARICOM Heads met to share ideas and experiences on measures related to COVID-19, Barbados Prime Minister Mottley said the presence of the coronavirus “could be the region’s time.” Indeed, it could be the Caribbean’s time to implement the many CARICOM proposals which are outstanding including proposals on agriculture and food security, trade in services, and most importantly, ICT. Services, such as medical consultations, physiotherapy sessions, and exercise classes, are now being provided through various internet applications. It seems that e-commerce has also increased significantly. Thus, COVID-19 is forcing many people to become much more familiar with technology, and its various applications.last_img read more