Showing posts with label 2016 at 06:22PM. Show all posts
Showing posts with label 2016 at 06:22PM. Show all posts

Thursday, December 8, 2016

Tech Entrepreneur Puts Limo Company Up For Sale

<p>Sid Forougi, founder and president of e-LANTiS and founder/owner of Midnight Express Transportation Network Company (Photo from Sid Forougi)</p>LAGUNA NIGUEL, Calif. — A high-end limousine operation based along California’s Gold Coast was recently put up for sale so its owner and founder can focus more on his technology ventures.

Midnight Express, owned by Sid Forougi, comes with eight fleet vehicles and an extensive book of business throughout Southern California cultivated over more than 20 years. The company received a valuation from Tenney & Associates, a leading limousine industry M&A and commercial transportation broker.

“The company has big name clients in Orange County who are celebrities and work in business,” said Forougi, who named a few of them to LCT on condition they not be published. “They are very loyal.”

Estimated annual revenues for the operation run just below $1 million, Forougi told LCT. The company has six vehicles based in Laguna Niguel in Orange County and two in San Diego. Fleet vehicle models include Cadillac XTS, Lincoln MKT, Chevrolet Suburban, and one stretch limousine. The company has been a BostonCoach affiliate.

Forougi plans to devote more time to product development at his other company, e-LANTiS, which specializes in patent-pending integration and software technologies.

He and his wife Veronica founded Midnight Express in 1995 with one 120-in. white stretch limousine. At the time, Sid was finishing up an engineering degree while Veronica worked for Nordstrom, which became one of their first corporate clients.

“I went to school in the morning and then went into the office in the afternoon and also drove at night,” said Forougi, who came to the U.S. from Iran on a student visa to continue his education, and later decided to live permanently in San Diego. “It helped pay for my education.”

The company peaked at 25 vehicles in 2014 when Forougi restructured operations, taking the fleet down to 15 vehicles and then eight this year.

“I have been maintaining the company but not planning to expand it,” Forougi said. “I’ve prepared it for [a new owner] and would like to sell it someone willing to grow it and adapt to a new generation of technologies.”

Experienced operators who are interested in the company should contact Forougi at sid@midnightexpress.co.

Keywords

business deals   California operators   entrepreneurship   Information Technology   mergers & acquisitions   Sid Forougi   

 

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Cadillac Plans To Steer Clear Driverless Cars

<p><a href="http://ift.tt/2dRugKB">Photo via Cadillac</a></p>If you thought the Super Cruise auto-pilot technology bowing next year on the Cadillac CT6 large luxury sedan signals a future of fully autonomous driving for the luxury brand, think again.

Wards Auto article here

Keywords

autonomous vehicles   Cadillac   Cadillac CT6   driverless cars   new sedans   new vehicles   premium luxury sedans   sedans   self-driving vehicles   

 

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US Leisure Travel Growth Pace Slowing Into 2017

<p><a href="http://ift.tt/22c1RUT">Photo via PEXELS user Josh Sorenson</a></p>Domestic U.S. leisure travel volume is still growing, but the pace of growth has slowed. The U.S. Travel Association’s current travel index dropped from 52.2 in Aug. to 51.9 in Sept. and, according to an announcement made on Dec. 6, to 51.6 in Oct.

Oct. marks the 82nd consecutive month travel has expanded, based on the association’s current travel index. An index score above 50 indicates expansion, and the six-month moving average index score is 51.8.

Domestic travel slipped to an index score of 51.6. International travel improved slightly over its six-month average to 51.7. The business travel index score declined by 2.5 points month over month from 52.0 in Sept. to 49.5, and the leisure travel index rose by a point to 52.7.

24/7 Wall St. article here

Keywords

leisure travel   luxury market trends   research and trends   

 

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Global Lux Travel Market To Reach $1.1 Billion By 2022

<p><a href="http://ift.tt/1QWSVKv">Photo via PEXELS user Pixabay</a></p>The luxury travel industry has emerged as one of the fastest growing sectors to contribute significantly to global economic growth and development. Growth in disposable income and increase in upper middle class expenditure has raised the demand for higher service standards.

WhaTech article here

Keywords

client markets   Global operators   leisure travel   luxury market trends   research and trends   retail markets   

 

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Company Fined For Trading Discounts For Good Reviews

<p><a href="http://ift.tt/1WhFKYs">Photo via Pixabay user PatternPictures</a></p>One of New York’s largest livery cab companies got dinged $75,000 by the attorney general’s office for giving riders discounts in exchange for good reviews on sites like Yelp.

Carmel Car & Limousine Service sent 161,000 emails between May 5 and July 27 asking passengers for feedback on a recent ride. If the riders picked “perfect” or “good,” they’d be sent to a consumer-review site for a chance to get $10 off their next trip in exchange for a positive post.

New York Daily News article here

Keywords

apps   discounts   mobile applications   New York operators   regulatory enforcement   

 

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How To Impress Foreign Affiliate Companies And Clients

Since this is the international issue, it’s a good time to focus on the world outside of your backyard. While some of you may already have affiliates worldwide, what are you doing to prepare for their clients who come to the states?

I promise I’m not here to give a social justice warrior spiel about how we need to consider how we might be hurting people’s feelings; there’s a big difference between being politically correct and being professional. I’d like to give you some tips on how you can really impress potential new clients by going above and beyond the call of duty to recognize and adapt to their cultural and language differences.

Millennials Matter

According to research done by The Pew Research Center, “Millennials are the most ethnically and racially diverse cohort of youth in the nation’s history. Among those ages 13 to 29, 18.5% are Hispanic; 14.2% are black; 4.3% are Asian; 3.2% are mixed race or other; and 59.8%, a record low, are white.”

If you don’t have any Millennials on your team, it’s time to start looking. The perspective they can lend to your operations will be invaluable. While you might not be familiar with the habits of Japanese business people, perhaps you’ll find someone who grew up there and understands the proper bowing and greeting procedure.

You may be given the opportunity to hire someone who can speak English and Spanish, and therefore communicate 10 times better with your affiliate in Columbia, Spain, Venezuela…you name it.

Many college students study abroad every year and prize such experiences far above any material object. Worldliness combined with a top-notch education in business or communications can have you swimming in satisfied foreign customers.

Hola. Bonjour. Ciao.

If you’re perfectly happy with the employees you have and aren’t looking to hire anyone new, consider adding a new cultural education element to your training program or incentivize learning a new language.

PRISM International, Inc., a provider of consulting services, training programs, and products for increasing cultural competencies, is just one example of a company that provides tools to help your staff learn more about other cultures and give them confidence and skills. 

It offers a course called Providing Outstanding Service Across Cultures that it claims “increases understanding of barriers, feelings and questions when doing business in an unfamiliar culture and language; answers tough questions and addresses specific customer and patient situations; and increases skills, confidence and results for communicating effectively, accurately, and respectfully, and providing care in culturally competent ways.”

Another possibility is using a company that provides language training for businesses. A company such as Communicaid, which offers language courses in-office and online, is an example of something that can help set you apart from every other business that doesn’t consider global prospects.

Prove It

It’s become a popular trend for luxury ground transportation companies to brand themselves as “worldwide,” “global,” or “international.” But if this is what you are selling to your customers, you must walk the talk. Are you really “global” if your chauffeur doesn’t know giving a thumbs-up can actually mean the same as giving someone the finger in some countries? I think not.

If you don’t have the world’s largest budget set aside for training your staff, the easiest and most convenient thing to do is use Google. It’s better than being completely unprepared to handle VIPs from, let’s say, the Middle East. However, make sure the sites you consult are reliable and not some random person’s blog.

Americans are often perceived as people who lack cultural awareness. If you can’t find the country of a specific client or affiliate on a map, maybe it’s time to take a second and do so. Let’s start impressing foreign customers and reverse this stereotype.

 LEXI TUCKER is LCT assistant editor and coordinator of the LCT Fast 40, a group of operators under 40 who collaborate and learn from each other about all aspects of chauffeured transportation. She can be reached at lexi@lctmag.com.

Keywords

chauffeur training   company culture   Global operators   How To   international   international business   Lexi Tucker   Millennial Matters   Millennials   staff training   

 

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Leisurely Directed Run Points Way To Client Market Niche

<p>American tourist meets world class chauffeur (LCT photo)</p>HONG KONG — I must confess: In eight years as LCT editor, I’d never taken an as-directed ride in a corporate sedan until this past October. It’s all been occasional airport transfers, point-to-point trips, or evenings in a stretch limousine. While vacationing in Hong Kong, we finally took an as-directed trip with London-based Tristar Worldwide Chauffeur Services, one of the largest global chauffeured networks with operations there.

I chose this option to efficiently tour more outlying areas and sites on the island of Hong Kong, thereby saving on wait time for public transportation and avoiding open-air double-decker tourist mobiles. The experience revealed a few operational points that could benefit limousine companies always looking for new approaches or niches:

C2L: Corporate To Leisure
The first point is we used a Mercedes-Benz S500 for leisure, instead of business purposes. Our senior chauffeur, Eddie Yu, arrived at the hotel dressed in a black suit, looking primed to transport some international bankers or a visiting CEO. Our experience bucks the conventional wisdom that corporate sedans and suited chauffeurs are best for B2B trips.

Although we were dressed in shorts and tourist garb, I thought having a corporate sedan and professional chauffeur to enjoy a day of touring enhanced and classed up our experience in many ways. You don’t need to relegate your leisure clients to stretches, buses, SUVs, or vans. Limousine services could find potential in marketing corporate-black-sedan-suited-chauffeur service to tourist clients who would appreciate the professionalism and the distinction of such an experience. After all, how many tourists do what we did? And in the eternal quest nowadays for unique experiences among travelers, does our run point to an added client market?

Concierge Touch
The second advantage was being driven around by a chauffeur with strong local knowledge. Eddie could one-up any tour guide in detailing historical and cultural points of interest. On our run, we directed him to take us to the southern side of Hong Kong island, where the roads narrow to two lanes along some low cliffs and lead to beaches and small towns. He could answer every question we asked, and even knew all about the current events affecting Hong Kong, from traffic, to transportation, to housing shortages.

After dropping us off near a downtown outdoor market, Eddie texted me to remind me most local vendors are willing to bargain and to never pay full price. That was a helpful tip to a novice visitor like me. Like any experienced chauffeur, he knew the best traffic routes, drop-off and pick-up points, and areas to walk to get the most out of our destinations. With a group tour, you are at the mercy of a preset, one-size-fits-all tour and route. So the question for operators: Do you have chauffeurs who are history and local interest buffs who could be part of a personalized tour for leisure clients, or even corporate clients who want to add a day off to their business trips?

Global Clout
This being our annual global issue, I would be remiss if I didn’t plug the advantages of bilingual chauffeurs. Eddie speaks fluent English and Cantonese, which helped me (no Chinese language skills); my wife (fluent no-accent English and Cantonese); and my mother-in-law, (99% Cantonese speaking). Eddie could interchangeably talk with all of us, making our day a memorable experience. I am well aware of how globally connected chauffeured networks employ bilingual chauffeurs, but this skill is becoming more relevant in second- and third-tier metro markets.

The global, hyper connected economy — regardless of political interferences — cannot be slowed. International tourism, corporate travel, and free trade will only grow in the years ahead, and more foreigners will be visiting U.S. cities. A recent example is the influx of Chinese citizens coming to Los Angeles and San Francisco, seeking second homes and college educations for kids. So it raises the questions: What are ethnic markets, trends, and demands in your region? What second languages should your chauffeurs know? Are language classes, especially in Spanish and Chinese, a worthwhile investment? What are the marketing advantages?

Personal Service
It’s worth repeating: Chauffeured service boils down to personal encounters. In our case, Eddie offered to take photos of us when we stopped by the parochial primary school my wife attended as a young girl. Her trip down memory lane was made all the better by not having to figure out exactly “where it was” and having a chauffeur who could maneuver the steep hillsides and winding roads of Happy Valley. Every client has special angles to a personal trip, and good chauffeurs know how to cater to them.

At a time of angst about Uber and TNCs, operations can deepen their natural specialties to come up with added or better approaches to clients. I’ve never been a fan of obsessively surveying consumers about what they really desire. I would wager plenty of potential clients would want a “C2L: corporate-to-leisure” chauffeured experience described above. With the right message and pitch, you can attract those clients who don’t really know what they want until you show them — and then make them want it.

Keywords

Asian operators   client markets   customer service   How To   LCT editor   leisure travel   Martin Romjue   retail markets   Tristar Worldwide Chauffeur Services   VIP service   

 

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