A group of travel agents, led by Shahzad Abdul Majeed, tours the Mariánské Lázne spa town in the western Czech Republic.
A group of travel agents, led by Shahzad Abdul Majeed, tours the Mariánské Lázne spa town in the western Czech Republic.
A group of travel agents, led by Shahzad Abdul Majeed, tours the Mariánské Lázne spa town in the western Czech Republic.
A group of travel agents, led by Shahzad Abdul Majeed, tours the Mariánské Lázne spa town in the western Czech Republic.

Trying to help the uninitiated


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The invitation to tour a famous spa region in the Czech Republic with half a dozen Abu Dhabi travel agents was too good to refuse. What would it be like to travel with the people who organise holidays for everyone else and are supposed to be the experts? I got a first impression of my companions when we arrived at Abu Dhabi International Airport in the middle of the night to board our flight for a 16-hour marathon journey via Istanbul on Turkish Airways. Armed with cameras, the group members snapped shots at every turn. This continued in Prague, where the cool air was a welcome change for Jacqueline D'souza, a supervisor at Micco Travel and Tourism. Originally from Goa, India, D'souza wore two coats, a hat with giant earflaps and a plaid wool scarf wrapped around her head. "I've never seen snow before," she said.

Later that evening, after we had arrived at the four-star Hotel Hvezda in the sleepy town of Mariánské Lázne and tried sample massages, I retired to my room to read a little and rest before dinner. Most of the other group members, although tired, headed outside to make a snowman. The next day, we toured parts of the historic West Bohemian Spa Triangle, a Unesco World Heritage Centre, including Karlovy Vary, the largest spa town in the Czech Republic.

Keeping the objectives of their clients back home in mind, the representatives' questions at each hotel and spa stop followed a pattern. What about shopping malls, what about food, they wondered; how would their Emirati clients fare in such a pork-heavy corner of the world - can they ask for food to be prepared in advance and will it be halal? Some of the hotels we visited failed to meet expectations. "This is not five star," sniffed Rana Yazgi, a sales executive at Safar Travel and Tourism, pointing to a shabby chair.

Yet the group was attracted by the cost - the Czech Republic's prices are almost half of other European destinations - and intrigued by the possibilities. "We will go home, put some packages together, and then see," Jaya Maguluri, a manager at Salem Travel Agency, said. Organising holidays for other people can be a difficult job - especially in this part of the world. "We just cannot say no to the customer, especially someone who is going on a honeymoon, but also someone who is looking forward to a holiday. He would be disappointed if he doesn't get a seat," D'souza said. Worse still, is planning for those who need to get somewhere quickly, in awful circumstances, such as the death of a family member.

People also come in seeking travel advice without having any particular destination in mind. "Some clients come to me and say 'I want to go away'. They say: 'suggest for me'," Walid Hamouda, an Egyptian travel consultant with Albadie Travel Agency, said. "So I try to convince them of some destinations that are good for them." When a client guards his or her privacy, as people in this region tend to do, it's even harder. "It's difficult because before you send the guest to any destination, you have to ask them so many questions: how many are travelling? Are you a family? Is this a honeymoon?"

Nazim Mohamed, a senior holiday consultant with Al Zaabi Travels, who has been in the business for the past 11 years, believes that Emiratis differ from other nationalities in terms of their travel needs."UAE people are mainly looking at the shopping areas and [for] good accommodation," said Mohamed, who hails from Kerala, India. He added that Emiratis were more likely to complain about bad service. In comparison, Australians who make up the bulk of his business, rarely bother about arrangements. "Even if I book them into a three-star hotel, they will not complain," he said. "The accommodation does not matter. They like to visit places, they like to see local culture."

Sometimes it is almost impossible to make a client happy, Maguluri said. He sent some of his clients to Malaysia during peak season but when they wanted to stay on for a few extra days, they rearranged their own flights. After a phone call from the client and a frantic search for hotels and resorts, he failed to find them any accommodation. Finally, they had to change their plans and return home at great expense - it was the worst possible outcome. "Even being a travel agent, I couldn't do anything for those people."

The agents agreed that Switzerland, Australia and New Zealand were favourite destinations among travellers from the UAE, followed by those in Asia, Thailand and Malaysia. Although people elsewhere in the world are increasingly turning to the internet to make their own travel arrangements, that does not seem to be the case here in the UAE. The group said that there is much about their job that makes them laugh.

Hamouda recalled how an Emirati customer, who insisted that he be found the "cheapest hotel in Geneva", complained - after he booked into a fairly ordinary hotel - that it was filled with unsavoury-looking men. Many people also arrive at the airport 12 hours ahead of schedule and call their travel agents in panic. The melange of languages and cultures in the UAE, which is a major tourism hub, can pose a challenge for travel agents. Maguluri, who has been in the travel business for seven years, said that his confusion has grown along with the increasing number of nationalities, speaking many different languages who now want to travel further afield.

Once he mistakenly almost booked a flight to Antalya in Turkey for a client who said that he wanted to fly to Milan on Alitalia. "They looked at me and said, 'Milan, it's so cheap'." amcqueen@thenational.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.”

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3. Don't max out all your debts: how much you maximise those credit facilities will have an impact. If you have five credit cards and utilise 90 per cent of that credit, it will negatively affect your score.

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1. End poverty in all its forms everywhere

2. End hunger, achieve food security and improved nutrition and promote sustainable agriculture

3. Ensure healthy lives and promote well-being for all at all ages

4. Ensure inclusive and equitable quality education and promote lifelong learning opportunities for all

5. Achieve gender equality and empower all women and girls

6. Ensure availability and sustainable management of water and sanitation for all

7. Ensure access to affordable, reliable, sustainable and modern energy for all

8. Promote sustained, inclusive and sustainable economic growth, full and productive employment and decent work for all

9. Build resilient infrastructure, promote inclusive and sustainable industrialisation and foster innovation

10. Reduce inequality  within and among countries

11. Make cities and human settlements inclusive, safe, resilient and sustainable

12. Ensure sustainable consumption and production patterns

13. Take urgent action to combat climate change and its effects

14. Conserve and sustainably use the oceans, seas and marine resources for sustainable development

15. Protect, restore and promote sustainable use of terrestrial ecosystems, sustainably manage forests, combat desertification, and halt and reverse land degradation and halt biodiversity loss

16. Promote peaceful and inclusive societies for sustainable development, provide access to justice for all and build effective, accountable and inclusive institutions at all levels

17. Strengthen the means of implementation and revitalise the global partnership for sustainable development

Mia Man’s tips for fermentation

- Start with a simple recipe such as yogurt or sauerkraut

- Keep your hands and kitchen tools clean. Sanitize knives, cutting boards, tongs and storage jars with boiling water before you start.

- Mold is bad: the colour pink is a sign of mold. If yogurt turns pink as it ferments, you need to discard it and start again. For kraut, if you remove the top leaves and see any sign of mold, you should discard the batch.

- Always use clean, closed, airtight lids and containers such as mason jars when fermenting yogurt and kraut. Keep the lid closed to prevent insects and contaminants from getting in.