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PhocusWire | April 09, 2020
Booking Holdings says bookings have decreased by more than 85% year-on-year. In an update on the impact of COVID-19 on current trading, the online travel company says it believes the impact on the current quarter, ending June 30, will be greater than the situation in the first quarter of 2020. Booking Holdings also talks about a number of steps taken around supporting its financial position including an offering of senior notes, which is expected to raise $3.23 billion, as well as an offering of...
Travel Advisors | June 04, 2020
As travel restrictions are lifted and more destinations are reopening to the public, travel advisors continue to work diligently for their clients. While some brands have dropped the ball, many companies within the industry have gone above and beyond for travel advisors when it mattered the most. The agents who have worked tirelessly since the coronavirus outbreak began are now sharing their positive stories. One of the groups making a huge splash is the American Society of Travel Advisors (ASTA...
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RateGain Technologies | September 01, 2021
RateGain Technologies announced at the 2021 International Car Rental Show the launch of revAI, the first end-to-end AI-powered demand forecasting and price optimization platform for car rentals to make every forecast profitable.
The summer of 2021 witnessed a surge in car rental demand, with most travelers experiencing supply shortages, highlighting the problematic process of forecasting demand accurately and managing fleets more precisely. This supply-demand gap limits revenue ma...
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...
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