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Hospitality Trends
Plusgrade | February 01, 2023
On January 31, 2023, Plusgrade announced the acquisition of UpStay, a fast-expanding provider of upgrade and auxiliary revenue solutions for the hospitality industry. UpStay helps hundreds of hotels in 17 different countries make more money by giving their guests more value. Meanwhile, this integration strengthens its five global travel ventures, adding hotel upgrades and other innovative ancillaries to its ancillary revenue and loyalty products. As a result, it expects to gener...
CBP | July 02, 2020
U.S. Customs and Border Protection (CBP) has announced that trusted traveler program enrollment centers will remain temporarily closed until at least August 10. Prior to Wednesday's postponement, Global Entry and other trusted traveler program enrollment centers were scheduled to reopen on Monday, July 6. The decision comes amid a recent rise in COVID-19 cases in several states....
prnewswire | May 17, 2023
Funds advised by Apax Partners LLP ("Apax") announced today that they have reached a definitive agreement to invest approximately $450m to acquire a significant minority stake in IBS Software, a leading provider of modern Software-as-a-Service (SaaS) solutions to the global travel and logistics industry, from Blackstone. Following the transaction, Apax will partner closely with IBS Software's Founder and Executive Chairman, V K Mathews, who will remain the majority shareholder. Read More
Airlines and Airports
ExpertFlyer.com | December 21, 2020
Imagine experiencing a once-in-a-lifetime trip far and wide while never leaving your lounge or chipping in your seat on an overbooked trip in return for a future travel voucher, and being set up for the following trip out, before you even leave for the air terminal. These are only a few of instances of the innovation forward leaps that are supporting the new ordinary and propelling the eventual fate of air travel. Many numbers of these new technologies were created dependent on ne...
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