insightCuba

Airlines Reporting Corp | August 20, 2020

Airlines Reporting Corp. (ARC) today released data showing that net sales from ARC-accredited travel agencies decreased 17% month-over-month from June to July 2020. This marks the first decrease in net sales month-over-month since May, and a 95% decrease year-over-year from July 2019. The consolidated dollar value of tickets transacted by agencies last month totaled $387 million, compared to $8 billion in July 2019....

Buying Business Travel | February 24, 2020

Corporate Travel Management (CTM) has chosen CAP Worldwide (CAP) as its partner for the extended stay, serviced apartments, corporate housing and alternative accommodation segments. The TMC said it has seen a significant increase in demand for extended stay solutions from its growing client portfolio. CAP Worldwide was launched in 2019 by Jo Layton and Andrew Hopgood and has since seen its global team grow through a number of senior appointments, including Clare Ace and Josie Oliveira. Penny Mun...

TRAVEL TECHNOLOGY

VNTravel, Yanolja Cloud | July 21, 2021

The strategic partnership between VNTravel and Yanolja Cloud, a global travel tech firm, will shed light on digital transformation in the Vietnamese hospitality industry. Yanolja Cloud and VNTravel's strategic collaboration will go a long way towards enabling the industry's digital transformation. For example, customers can now check-in and out at their leisure, register rooms virtually with the click of a button, and even conduct non-cash payments via VNPAY QR. At the sam...

BUSINESS TRAVEL

Uplift | January 13, 2021

Uplift has finished another credit line of $68 million for its travel payments service. Financing for the purchase currently pay-later brand was given by Atalaya Capital Management. Travel is as of now returning, as per California-based Uplift, with the organization anticipating fast development amid pent-up demand for booking travel for the summer and autumn. Uplift has now brought about $695 million up in value and obligation including a $250 millio...