CONSTANCE HOSPITALITY HONOURED AT THE TRIPADVISOR TRAVELERS' CHOICE AWARDS 2025
C Mauritius Palmar, the original lifestyle property under the spirited C Resorts brand, has been ranked 1st Best All-Inclusive Hotel in the Africa Region, a remarkable accolade that reflects its vibrant energy and exceptional guest satisfaction. C Resorts brings a cheeky, feel-good twist to tropical holidays, inviting guests of all ages to 'Come Play, Let Go and Feel Free' to embrace the moment.
C Mauritius Palmar
Jean-Jacques Vallet, CEO of Constance Hospitality, shared:
'This recognition is a powerful reflection of the passion and professionalism of our teams, who continue to elevate the guest experience with authenticity and care. We are deeply thankful to our loyal guests for their continued trust and support, and to our dedicated team members for their devotion to excellence, which inspire us to reach new heights in delivering meaningful and memorable experiences.'
The Tripadvisor Travelers' Choice Awards are based on genuine reviews and ratings from travellers around the world, making this achievement particularly meaningful.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Arabian Post
3 hours ago
- Arabian Post
Bank-Grade USD Stablecoin Debuts on Ethereum and Solana
Societe Generale‑Forge has introduced USD CoinVertible, a fully backed US dollar stablecoin launching on Ethereum and Solana, with BNY Mellon named as reserve custodian. USDCV is the second stablecoin by Societe Generale‑Forge following its euro-pegged EURCV. This institutional-grade token, compliant with MiCA and issued under Societe Generale‑Forge's EMI licence from France's ACPR, will offer 24/7 fiat-to-crypto conversion and multi-currency utility for institutional, corporate, and retail clients—excluding US Persons. Trading is set to commence in early July. Jean‑Marc Stenger, CEO of Societe Generale‑Forge, framed USDCV as the logical progression from EURCV: 'market adoption of stablecoins is growing exponentially,' and the dollar-based token meets clients' demands for institutional-grade stablecoin services. The token is designed to underpin a wide range of on-chain activities, including crypto trading, FX transactions, cross-border payments, and collateral or cash management—supporting seamless settlement across USD and EUR. ADVERTISEMENT BNY Mellon will hold the reserves backing USDCV, reinforcing the stablecoin's institutional foundation. Carolyn Weinberg, Chief Product & Innovation Officer at BNY Mellon, emphasised that 24/7 stablecoin capabilities could enhance operational resilience, generate efficiencies, and unlock novel opportunities across cash, collateral, investment management, and payments. Both USDCV and its predecessor, EURCV, are categorised as Electronic‑Money Tokens, fully regulated under Europe's Markets in Crypto‑assets regulation. Societe Generale‑Forge maintains public transparency on collateral composition, which adheres to high credit and liquidity standards and is updated daily on its website. The MiCA-compliant tokens are poised for distribution through institutional trading venues and exchanges. Demand for fiat-backed digital assets backed by traditional financial institutions is gaining momentum across crypto, with market makers ensuring liquidity, brokers bringing user access, and payment service providers facilitating integration. The move signifies broader momentum in the stablecoin market. Dollar-pegged stablecoins account for the bulk of the industry, with global market capitalisation in the hundreds of billions, dwarfing euro-pegged variants. Societe Generale‑Forge's expansion into USD addresses this scale, positioning the bank as a bridge between traditional finance and decentralised finance. Institutional stablecoins face a competitive landscape. Non-bank issuers such as Circle and Tether dominate the public blockchain scene, while banks like JPMorgan have previously issued tokens like JPM Coin on private networks. USDCV, on a public chain, allows Societe Generale to directly compete as a regulated, EU-licensed stablecoin provider. Expanding beyond Ethereum to Solana adds a strategic dimension: offering cost-effective, diverse blockchain infrastructure to institutional clients and capitalising on Solana's growing ecosystem. Societe Generale‑Forge's regulatory positioning is central. The subsidiary holds licences as an Electronic Money Institution and Digital Asset Service Provider under France's financial regulators, aligned with MiCA's requirements. Both tokens are not registered under the U.S. Securities Act and will only be offered to non-US persons under Regulation S. The broader context sees European institutions cautiously entering the competitive stablecoin space. Euro-denominated tokens like EURCV remain niche, often hindered by stringent reserve rules and slower Euro adoption. Regulatory oversight via MiCA, while enhancing legal clarity, restricts operational flexibility, as highlighted by the delisting of Tether from EU platforms. Societe Generale‑Forge's strategic approach reflects this landscape: build on on-chain euro demand, then expand into the US dollar space where scale and liquidity are strongest. The move supports Europe's ambitions to reduce dependency on US-dollar stablecoins and foster a regulated fiat token ecosystem. Market reaction will hinge on liquidity, brokerage integration, and clearing mechanisms. Partnerships with market makers and payment service providers will shape adoption, alongside listings on crypto exchanges. The involvement of BNY Mellon bolsters institutional trust, signalling that banking-grade reserve practices can coexist with blockchain settlement. Meanwhile, global payment players are integrating stablecoins into mainstream rails. Stripe's stablecoin accounts, Visa and Mastercard's pilot programs, and renewed interest among banks show momentum. These initiatives reflect a broader shift to tokenised fiat as infrastructure rather than niche innovation. As USDCV enters trading next month, key questions remain: will its regulated status prompt flight from unregistered stablecoins? Can it deliver on liquidity and operational efficiency? And does it set a template for future bank-issued tokens within stringent frameworks like MiCA?
Web Release
03-06-2025
- Web Release
Recognizing the World's Most Exceptional Destinations: Nominations Now Open for the Inaugural TOURISE Awards
The TOURISE Awards officially launched today as a new global benchmark celebrating excellence in tourism destinations. Created to honor places that are shaping the future of travel, the Awards spotlight destinations delivering meaningful, memorable, and measurable value across the traveler journey. Nominations are now open to individual travelers, industry professionals, and organizations passionate about recognizing the world's most exceptional places. The TOURISE Awards are an extension of the TOURISE platform powered by Saudi Arabia's Ministry of Tourism and announced via a virtual press conference on May 22, 2025. In line with the TOURISE ethos, the Awards take a bold stance recognizing destinations with a strong sense of identity, measurable impact, and responsible management. Eligible destinations must have (i) a defined geographic scope (a city, region or site), (ii) a distinct identity and character that stems from culture, landscapes and attractions that shape how the destination is perceived by travelers, and finally (iii) must be backed by a tourism governing body responsible for ensuring a destination is effectively managed. The TOURISE Awards feature five distinct award categories: Best Arts and Culture Destination, Best Adventure Destination, Best Food and Culinary Destination, Best Shopping Destination, and Best Entertainment Destination. In addition, a flagship Best Overall Destination award will recognize the destination that excels across all aspects of the traveler experience — setting a new global benchmark as the most exceptional place to visit. Jean-Philippe Cossé, CEO of TOURISE, said: 'Tourism is not just a key economic engine — it's a powerful connector of cultures, a builder of communities, and a driver of sustainable change. As the industry undergoes a bold transformation, it's more crucial than ever to spotlight the destinations that are leading with vision, purpose, and resilience. The TOURISE Awards are our tribute to those extraordinary places that don't just welcome travelers — they inspire them, challenge the status quo, and push the boundaries of what tourism can achieve. These awards put destinations at the center of the global conversation, celebrating the pioneers who are shaping the future of travel.' The TOURISE Awards will be judged by an independent jury panel comprised of a powerhouse of cross-industry trailblazers from the worlds of travel and tourism, fashion, culinary, art, retail, culture, adventure and entertainment: Filip Boyen, Former CEO, Forbes Travel Guide; Michael Ellis, Former Global Director, Michelin Guides; Fiona Jeffery, Former Chair, World Travel Market; Former Chair Tourism for Tomorrow Awards; Renaud de Lesquen; Former CEO, Givenchy, Former President Dior AM; Lars Nittve, Former Founding Director, Tate Modern; Albert Read, Former Managing Director , Conde Nast; Caroline Rush, Former CEO, British Fashion Council; Omar Samra, UN Goodwill Ambassador, Mountaineer and Polar Explorer Bernold Schroeder, Former CEO, Kempinski; Pan Pacific. Eligible destinations will be evaluated across 10 assessment criteria, grouped into three key areas, which make up the destination experience: offering, value, convenience. Judges will assess how destinations perform across these areas — considering what they offer, how accessible and visitor-friendly they are, the overall value they provide, and most importantly, the quality and impact of the experience. This includes looking at factors such as authenticity, innovation, inclusion, sustainability, accessibility, accommodation variety, and safety, all of which contribute to a destination's ability to deliver a meaningful and memorable journey. The winners of the inaugural TOURISE Awards will be announced at the TOURISE Summit, taking place in Riyadh from November 11 to 13. The Summit will bring together leading voices from across tourism, travel, investment, and innovation — from heads of state and visionary CEOs to creators, disruptors, and global investors. It will serve as a platform to spark bold ideas, build transformative partnerships, and shape new standards for the future of travel. Have your say in who receives the first TOURISE Awards for the world's most exceptional tourism destinations by nominating the destination you think makes a difference on the awards portal Nominations are open from June 2nd to July 9th. To find out more about TOURISE
Broadcast Pro
02-06-2025
- Broadcast Pro
Orange Egypt secures $80m loan for 5G license and network expansion
Orange Egypt will use the loan to finance its purchase of a 5G mobile license from the National Telecommunications Regulatory Authority (NTRA). Orange Egypt has obtained a syndicated loan of approximately $80m to support its acquisition of a 5G mobile license and the rollout of next-generation telecommunications infrastructure. The financing package is backed by the European Bank for Reconstruction and Development (EBRD) and Banque Misr, with the EBRD contributing 39m and Banque Misrs Dubai branch providing $40m, or roughly 35.6m. The funding will enable Orange Egypt, a telecommunications provider, to implement 5G services that promise to significantly boost network speed, reliability, and data transmission capabilities. This technological upgrade is expected to enhance user experience by reducing latency and offering smoother connectivity. For businesses, it will open up opportunities to deliver more innovative digital services, thereby improving customer engagement and supporting Egypts transition to a more digitally driven economy. Beyond its performance benefits, 5G technology also brings environmental advantages. As part of its network modernisation efforts, Orange Egypt projects a reduction of more than 1.74m tonnes of carbon dioxide emissions annually, aligning with the countrys sustainability objectives. Jean-Marc Peterschmitt, Managing Director for the Corporate Sector at the EBRD, highlighted the projects potential to enhance Egypts digital infrastructure and contribute to better internet access for both consumers and businesses. Mohamed Khairat, Head of Corporate Banking at Banque Misr, underscored the telecom sectors strategic value and reaffirmed the banks role in driving sustainable national development. Khaled Nabil Khorshed, Head of Wholesale Banking at Banque Misr UAE, noted that the involvement of the banks Dubai branch reflects its aim to harness international networks to facilitate regional financing. Orange Egypts Chief Financial Officer, Mohamed Sayed, emphasised that 5G technology will help the company expand its services in vital sectors such as education, healthcare, and smart city developmentbridging the digital divide and accelerating Egypts digital transformation. A subsidiary of Frances Orange Group, Orange Egypt has been operating in the country since 1998. While best known for its mobile services, the company also provides fixed-line and IPTV services, playing a vital role in Egypts expanding digital infrastructure. Egypt, a founding member of the EBRD, has received more than 13.2bn in investments across 202 projects since the Bank began operations there in 2012. The EBRD has also supported over 750 small and medium-sized enterprises through technical assistance initiatives.
