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Industry Outlook

The World Travel & Tourism Council | April 23, 2022

The World Travel & Tourism Council (WTTC) launched a major new report at its Global Summit in Manila today, to help the sector's stakeholders understand how cyber resilience is shaping the Travel & Tourism sector and plan for a safer and more robust future. The report, 'Codes to resilience,' in joint efforts with Microsoft, draws on comprehensive research and in-depth interviews with cyber security experts in leading Travel & Tourism organizations such as M...

Airlines and Airports

Canada Jetlines Operations Ltd | June 27, 2022

Canada Jetlines Operations Ltd. (NEO: CJET) (“Canada Jetlines”) the new all-Canadian, leisure airline, is proud to announce the Travel Industry Council of Ontario (“TICO”) has provided approval to the carrier’s subsidiary Canada Jetlines Vacations Ltd. as a travel retailer and travel wholesaler under the Travel Industry Act, 2022.TICO is mandated by the Ontario government to administer the Ontario Travel Industry Act, 2002 and Ontario Regulation 26/05 which governs ...

Travel Technology

ConnexPay | December 03, 2020

ConnexPay, an payment technology company that empowers marketplace businesses to gather and protect shopper reserves while mechanizing the appropriation of installments to providers has made sure about extra subsidizing from existing speculators and from new financial specialist F-Prime Capital, the worldwide funding firm associated with FMR LLC, the parent organization of Fidelity Investments. The speculation carries complete subsidizing to $15M, which will be utilized to quicken development, i...

Travel Technology

Iteris | December 08, 2020

Iteris, a global leader in smart mobility infrastructure management, has agreed to acquire TrafficCast International that gives travel information technology, for $16 million. Madison, Wisconsin-based TrafficCast recorded following 12-month of $14.6 million and changed EBITDA of $1.2 million for the period ending September 30, 2020. Around 60% of the organization's complete sales is identified with its software product items and is accounted for as annual recurring revenue. Read More