Fiji’s Laucala Island is a secluded spa retreat. Courtesy The Exclusive Travel Group
Fiji’s Laucala Island is a secluded spa retreat. Courtesy The Exclusive Travel Group
Fiji’s Laucala Island is a secluded spa retreat. Courtesy The Exclusive Travel Group
Fiji’s Laucala Island is a secluded spa retreat. Courtesy The Exclusive Travel Group

Tantalising travel discounts during Eid


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With just over a week until the end of Ramadan, UAE residents are gearing up for Eid Al Fitr. The holiday is tipped to begin on Monday, July 28, and many will be combining it with annual leave for a longer break and the opportunity to explore destinations far and near.

A number of hotels in the region, and around the world, have attractive Eid packages, which include discounted room rates and facilities such as breakfast, Wi-Fi and spa treatments, among others.

The following offers are valid during Eid Al Fitr and include all taxes.

REGIONAL

If time is short, think about a regional minibreak. Egypt and Turkey are within five hours’ flying time and offer a cultural escape and respite from the UAE’s heat and humidity.

Egypt

Four Seasons Hotel Alexandria has a summer offer that includes suite accommodation, breakfast, a 60-minute classic massage (one massage per guest) and internet access for a minimum two-night stay. Rates start from US$535 (Dh1,965). Call 0020 3581 8000 or visit www.fourseasons.com/alexandria.

Qatar

Stay three nights in a deluxe room at Sharq Village & Spa, Doha, and receive breakfast, a 50-minute ­signature massage or a buffet dinner, and 15 per cent discount on food and beverages, with prices starting from QAR1,950 (Dh1,967) per double room, per night. Call 00974 4425 6666 or visit www.ritzcarlton.com.

Turkey

Pera Palace Hotel Jumeirah in Istanbul is offering a 15 per cent discount on the Senior, Piano and Presidential suites. With complimentary Wi-Fi, breakfast, late check-out and access to Pera Spa by Spa Soul, the Live the Suite Life package is priced from €308 (Dh1,540) per night. Call 0090 212 377 4000 or visit www.jumeirah.com.

Be one of the first to visit The Watermill, a contemporary three-bedroom house built around a 200-year-old mill in the forest near Inlice, 25 minutes from Dalaman Airport. A package including seven nights' accommodation, seven days' car hire, light breakfast on arrival, welcome hamper and daily cleaning costs £733 (Dh4,600) per person, based on six people sharing. Call 0044 208 605 3500 or visit www.­exclusiveescapes.co.uk.

Stay at the recently opened ­Mandarin Oriental, Bodrum, and enjoy panoramic views over the ­Aegean Sea. Flexible rates, including one-way transfer for guests booking a suite, start from €695 (Dh3,480). Call 0090 252 311 1888 or visit www.­mandarinoriental.com/bodrum.

EUROPE

With long days and mild weather, summer is one of the best times to visit Europe. Take advantage of these deals for couples, families, culture vultures and wellness ­warriors.

France

The Peninsula Paris has an introductory offer starting from €695 (Dh3,480) for accommodation only, or €750 (Dh3,750) including breakfast, for stays in the month of ­August. Call 0033 158 122 888 or visit www.paris.peninsula.com.

Treat your children to a holiday at Disneyland Paris. A six-night ­package, including three nights at the Citadines la Défense in Paris (room only), three nights at the Disney Santa Fe hotel with breakfast, four-day Disney Parks entrance ticket and return economy flights from Dubai with Emirates, starts from Dh7,290 for adults and Dh4,210 for children. Call 800 4969 or visit www.emiratesholidays.com.

Germany

Have a healthy holiday at Breidenbacher Hof in Düsseldorf. The five-night Detoxing Days package includes accommodation, breakfast, complimentary Wi-Fi, refreshments, medical and physiotherapeutic consultation, detox and diet plans, and costs from €1,760 (Dh8,805) per double room, per night. Call 0049 211 160 900 or visit www.breidenbacherhofcapella.de.

Families staying at The Charles Hotel in Munich will receive a 50 per cent discount on their second room, complimentary breakfast, complimentary meals for children under 3 years, 50 per cent discount on meals and beverages for children between 4 and 12 years and a welcome gift for each child. The two-room family package starts from €610 (Dh3,050). Call 0049 895 444 440 or visit www.roccofortehotels.com.

Stay four nights at the Hotel Palace Berlin and pay for three. Receive a free room upgrade, welcome treatment, daily breakfast, airport transfers, one Berlin Welcome Card per person and a four-course dinner (excluding drinks) for two people. The package is priced from €380 (Dh1,900) per person in a double room. Call 0049 302 5020 or visit www.palace.de.

Hungary

Discover history, culture and ­nature with the Danube Bend Tour package at Corinthia Hotel ­Budapest. The package starts from €645 (Dh3,230) for a minimum three-night stay, and includes ­accommodation for two in a superior room, breakfast and full-day Danube Bend tour to Esztergom, Visegrád and Szentendre with a boat tour back to Budapest. Call 0036 1479 4000 or visit www.corinthia.com/budapest.

Italy

Stay four nights at Verdura Golf & Spa Resort on Sicily's ­Mediterranean coastline and pay for three, with breakfast included. The package starts from €325 (Dh1,625) and is valid until August 1. Call 0039 092 599 8001, or visit www.roccoforte­hotels.com.

Spain

Get a culture fix in the heart of ­Madrid at the Hotel Ritz by ­Belmond. The five-night Mad for Spain package includes accommodation in a classic room, private ­limousine airport transfers, breakfast, a guided tour of the Prado Museum, VIP tour of Bernabéu ­Stadium, Hotel Ritz ­afternoon tea, five-course ­degustation menu, ­dinner and cooking class, and costs from €3,160 (Dh15,805). Call 0034 917 016 767 or visit www.ritz-madrid.com.

Receive a 50 per cent discount on the children's room at Melia ­Madrid Princesa when an adult room is booked at the full rate. Including breakfast, the rates start from €149 (Dh745) for an adult's room and €74.5 (Dh373) for a children's room. Call 0034 915 418 200 or visit www.melia.com.

Switzerland

Kempinski Grand Hôtel des Bains' Discovery Engadin package includes two nights' accommodation in a double room, breakfast and dinner, one activity day including a ­gourmand backpack, bike rental or hiking sticks, mountain railway ­tickets and spa entry. The package costs from CHF1,249 (Dh5,150). Call 0041 818 383 838 or visit www.kempinski.com/st-moritz.

Get active in the fresh air of ­Giardino Mountain with Champfèr-St Moritz's three-night Giardino Horses offer. The package includes accommodation, half board, horse-­riding lessons, rides for ­beginners and experienced riders and free use of all mountain railways in Upper Engadine, and is priced from CHF965 (Dh4,000) per person. Call 0041 818 366 300 or visit www.­giardino-mountain.ch.

ASIA

With idyllic beaches and tropical islands, Asia has some of the most beautiful scenery in the world, diverse cultures and great food, too.

Fiji

Head to the stunning Laucala Island for an all-inclusive private getaway that starts from $5,040 (Dh18,512) per room, per night, including full board, beverages, all activities, spa day, laundry, children's club and internet access. Visit www.exclusivetravelgroup.com.

Malaysia

Take in the city and rainforest in a seven-night package that includes three nights at the ParkRoyal Services Suites in Kuala Lumpur, four nights at the Four Points by Sheraton in Langkawi, breakfast, return economy flights with Emirates and private hotel transfers, and costs from Dh5,990 per person. Call 800 4969 or visit www.emiratesholidays.com.

Maldives

Baros Maldives' Gourmet Indulgence offer for two includes breakfast, a private dinner and cooking demonstration, five-course degustation dinner with beverage pairing and airport transfers by speedboat. The offer starts from $1,084 (Dh3,980) per deluxe villa, per night, for a four-night minimum. Call 0096 0664 2672 or visit www.baros.com.

Stay four nights at the Adaaran Rannalhi Resort with an all-­inclusive meal and beverage plan, return economy class flights with Emirates and resort speedboat transfers from Dh6,140 per person. Call 800 4969 or visit www.emiratesholidays.ae.

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Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.

Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.

Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.

Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.

“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.

Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.

From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.

Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.

BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.

Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.

Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.

“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.

Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.

“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.

“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”

The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”