Enchanting Travels

Business Travel News Europe | March 12, 2020

CWT has introduced web-based flight booking capabilities to its myCWT global travel management platform, allowing travellers to buy flights and hotels through the company’s chosen online booking provider. The new option adds to the existing ability to book through any of the company’s servicing and booking channels, including web, mobile, email, telephone and messaging. Niklas Andreen, CWT’s chief traveller experience officer, said: “We are excited about this new launch. ...

Industry Outlook

Novacap, Plusgrade | September 18, 2021

Gaining a foothold into the highly lucrative ancillary revenue market, leading Canadian private equity firm Novacap, announced today that it acquired a substantial equity interest in Montreal-based Plusgrade, the global market leader in upgrade technology and a key ancillary revenue partner for their more than 70 partners in air, cruise, and rail. Founded in 2009, Plusgrade helps airlines, cruise lines and rail operators manage and optimize revenue generated from seat upgrad...

Industry Outlook

Hyatt Hotels Corporation | June 07, 2022

Hyatt Hotels Corporation shared updates on its operating results for May, summer travel booking trends, and confirmation of the closing of previously announced asset disposition as the NYU International Hospitality Investment Conference commenced. “We are delighted that we closed on the last of four previously announced owned hotel dispositions. In total, these four dispositions generated $812 million in gross proceeds and demonstrate meaningful and expeditious...

Commercial Travel

Vacatia | January 04, 2022

Vacatia Inc., a leading provider of innovative, customer-centric solutions for timeshare owners, property management and vacation rentals, has acquired Virginia Beach, Virginia-based VSA Resorts, a hospitality and vacation ownership company. With the addition of VSA's three resorts and association management business, Vacatia now manages 21 timeshare and 42 whole-ownership homeowners associations with 4,750 units and 50,000 owners. "The addition of VSA Resorts to ...