FEATURES AND ADVICE

Air Canada sees Increased Bookings as COVID-19 travel Restrictions are Lifted

Air Canada | July 26, 2021

After reporting a bigger quarterly loss on Friday, Air Canada projected higher bookings for domestic and US-bound flights this winter as travel restrictions ease.

Although bookings remain below pre-pandemic levels, Canada's biggest airline predicts slower cash burn as travel resumes.

"We are witnessing steadily increasing bookings for the coming winter in the domestic, trans-border, and Atlantic markets, as well as to sun destinations," CEO Michael Rousseau told analysts. "Future bookings for next winter sun travel during certain weeks in June were ahead of the same time in 2019."

After a 16-month ban due to the pandemic, Canada will allow fully vaccinated US visitors to enter the country beginning August 9.

Air Canada recorded a net cash burn of about C$8 million ($6.36 million) per day for the second quarter, lower than previously projected. However, it anticipates that figure will rise to between C$3 million and C$5 million each day in the third quarter.

Carriers are increasing flying capacity, putting downward pressure on fares in certain areas.

While domestic pricing is more difficult, "the environment is fairly steady" on international routes, according to Chief Commercial Officer Lucie Guillemette, who predicts a fall return in corporate travel.

According to the airline, cargo flights, which were introduced during the pandemic, will become a more significant part of the carrier's future.

Air Canada signed an assistance agreement with the Canadian federal government in April, allowing it to access up to C$5.9 billion in funds.

Rousseau said that the airline would determine whether or not to withdraw from the government's financial facilities later this year.

According to Refinitiv data, Air Canada lost C$3.03 per share excluding items. Analysts predicted a C$2.76 loss on average.

In the fiscal quarter ended June 30, the airline's net loss was C$1.17 billion, or C$3.31 per share, compared to a loss of C$1.75 billion, or C$6.44 per share, a year earlier.

Spotlight

The travel industry has come a long way since the invention of the first automated booking system in 1946.  Do you know which major events and milestones changed the game and propelled the industry to move forward? Here’s a chance for us to make a mark together! Nothing excites us more than creating new technology and innovations to help hotels boost direct revenue. Let’s chat about how we can work together to take your business to the next level

Spotlight

The travel industry has come a long way since the invention of the first automated booking system in 1946.  Do you know which major events and milestones changed the game and propelled the industry to move forward? Here’s a chance for us to make a mark together! Nothing excites us more than creating new technology and innovations to help hotels boost direct revenue. Let’s chat about how we can work together to take your business to the next level

Related News

HOSPITALITY TRENDS

Bodhi Hotel Room Configurations Dramatically Improve the Guest Experience While Saving Energy and Preventing Loss

Bodhi | July 21, 2022

Software Development LLC has announced three new configurations for the Bodhi intelligent building management platform: a Smart, Premium, and Luxury Hotel Room. “Bodhi is all about the guest experience, Guests can use their phones to unlock the room door, turn on the lights, control the TV and request linens or their car, all of which they love, because it saves them time and headaches,” -Greg Michelier, partner at Software Development. Bodhi saves management time and money as well, including at least 35% of guestroom energy costs and the prevention or mitigation of leak, flood, and mold damage, which are the largest source of insurance claims for commercial property. Now management can offer the guest better facilities and better service for a lower cost. It’s a win-win-win. The Bodhi Smart Hotel Room is a perfect, low-cost solution with climate and lighting control, energy savings, keyless room entry, leak and mold protection, and advanced control and amenities via the browser-based Bodhi Guest App. The Bodhi Premium Hotel Room combines the power of Crestron and Bodhi technology to add Amazon Alexa control and Crestron lighting, shading and climate systems to the Bodhi Guest App and Bodhi protection and savings. The Bodhi Luxury Hotel Room adds a Crestron touch panel and Alexa for super-simple control of lighting, shading, climate and entertainment systems, together with Bodhi protection, savings and the Bodhi Guest App. With Bodhi, the entire property will work better, more safely and efficiently, giving guests, management and staff a better experience. About Bodhi Bodhi is a cloud-based platform that controls, schedules and manages virtually all of the technology installed in hotels, resorts, offices, homes, and multi dwelling unit residential developments (MDUs). It simplifies and enhances Crestron, Lutron and other control systems, or may be used on its own.Contact Bodhi today at info@bodhi.software.

Read More

TRAVEL TECHNOLOGY

GigNet Signs Agreement with Oasis Palm and Grand Oasis Hotels to Provide World Class Internet to Create Memorable Travel Experiences

GigNet | July 06, 2022

GigNet, a Digital Infrastructure company with an extensive regional fiber optic broadband network from Costa Mujeres, North of Cancun, through the Hotel Zone of Tulum, announced today it is implementing a private network to connect Oasis Palm, Oasis Smart, Grand Oasis and three corporate offices. This will ensure fast, reliable connections with seamless communication between the six locations. Oasis is a leading hotel group in Cancun, and one of the driving forces behind its success is the constant philosophy of innovation. This technology partnership with GigNet underscores Oasis’ commitment to exceptional guest services and superior operations. “Every day is important when you want to reach excellence and we work hard to meet our clients’ expectations for a truly memorable vacation experience. Advanced broadband has become an essential element in creating that experience. High-speed Internet helps us provide innovative entertainment and it also permits us to have access to the data that we need to make smarter and quicker business decisions,” -Gener Hernandez, Corporate IT Manager for Oasis Hotels. Mark Carney, OBE and President of GigNet Mexico stated, “We are excited about welcoming Oasis Palm and Grand Oasis to the GigNet family. Oasis and GigNet are both pioneers in the Cancun region and we share a forward-thinking spirit. This also expands our relationships with the leading hospitality innovators headquartered in Spain that operate in Mexico and Latin America. Oasis joins the growing list of hotel and resort developers that recognize GigNet’s superior technology and leadership in client satisfaction.” Mr. Carney added, “GigNet Managed Services allows our clients to create a secure private network that enables seamless communication between departments and locations for guest services and management information systems.” ABOUT OASIS HOTELS Oasis Hotels & Resorts is a major hotel group founded in the 1970s by a Spanish family who were pioneers in the Cancun tourism industry, including innovations in the operations and marketing of all-inclusive resorts. The group prides itself on gastronomy and entertainment offerings that pamper guests with high-quality options and world-class service. In the Cancun region Oasis operates a variety of properties, including magnificent beachfront resorts, two hotels that are designed for families with children, and two urban hotels in central Cancun that are popular with business travelers. Together, these properties offer travel experiences that appeal to a wide range of international tourists and visitors from other regions of Mexico. https://oasishoteles.com/en ABOUT GIGNET GigNet is the Mexican Caribbean brand of GigNet, Inc., a U.S. based international Digital Infrastructure company specializing in Fiber-to-the-Home (FTTH) and Fiber-to-the-Premises (FTTP) for enterprise customers including hotels, resorts, retailers, offices, large commercial operations, governmental offices, and medical and educational facilities, as well as fiber-optic transport services for mobile phone operators in the region. Through its Mexico operating subsidiaries, GigNet, S.A. de C.V., and Sanalto Redes Peninsular, S.A.P.I. de C.V., the Company is a fully licensed telecommunications provider in Mexico. GigNet is actively adding customers to its extensive regional broadband network in the Mexican Caribbean, one of the largest and fastest growing tourism and new residential development destinations in the world, with over 25 million annual airport visitors. GigNet is a leader in the Digital Transformation of the region.

Read More

TRAVEL TECHNOLOGY

Posadas and Sabre will collaborate to boost the distribution strategy of the hotel operator

Posadas | July 15, 2022

Sabre Corporation (NASDAQ: SABR), a leading provider of software and technology powering the global travel industry, announced a new distribution agreement with Posadas, Mexico's leading hotel operator, which will help accelerate its growth plans and drive higher revenue through Sabre's SynXis Central Reservations (CR) platform. The agreement will allow the hotel operator to put its inventory in front of hundreds of thousands of travel agents globally across all major global distribution systems (GDS) through Sabre Hospitality's innovative SynXis CR. This platform offers specific functionalities and capabilities that help drive higher revenue and streamline internal processes, improving efficiency. "Sabre is an important travel technology company in the world and with leadership in Mexico that offers a comprehensive distribution platform for the different sales channels including the Global Distribution Systems (GDS), Our partnership with Sabre includes replacing our current GDS connectivity technology with SynXis." -José Jaime Lorenzo, director of Revenue Management, Technology and Distribution, Posadas. Sabre also continues to support Posadas' GDS marketing, helping to position its hotels under the Live Aqua, Grand Fiesta Americana, Curamoria Collection, Fiesta Americana, The Explorean, IOH, Fiesta Inn, Gamma and one brands through Sabre's Sponsored Property and Promospot campaigns. "We are delighted to support Posadas' distribution strategy with the implementation of SynXis CR. To successfully compete and drive incremental revenue opportunities, it is essential that hoteliers equip themselves with the right technology tools to put their offerings in front of global markets, We are excited to enable Posadas to capture and create future travel demand in a key market like Mexico and beyond." -Frank Trampert, senior vice president and global general manager, Community Sales, Sabre Hospitality. Available in eight languages, SynXis CR enables a single system of record that can help implement hoteliers' distribution strategy, reaching the industry's broadest distribution points and supporting their business goals. Hotel owners and managers can enter and maintain their own property information, including rates, photos, inventory and policies, as well as view booking data and reports through the SynXis online portal, where they can access various marketing tools. About Sabre Corporation Sabre Corporation is a leading software and technology company that powers the global travel industry, serving a wide range of travel companies, including airlines, hoteliers, travel agencies and other suppliers. The company offers sales, distribution and fulfillment solutions that help its customers operate more efficiently, generate revenue and deliver personalized experiences to travelers. Through its leading travel marketplace, Sabre connects travel providers with buyers around the world. Sabre's technology platform manages more than $260 billion in global travel expenses annually. Headquartered in Southlake, Texas, USA, Sabre serves customers in more than 160 countries around the world. For more information, visit www.sabre.com. About Posadas Posadas is the leading hotel operator in Mexico that owns, leases and manages 185 hotels and 28,690 rooms, with a presence in the most important and visited beach and city destinations in Mexico and the Dominican Republic. Its hotels located in city destinations represent 87% of the total rooms it has and in beach destinations 13%. Posadas operates the Live Aqua Beach Resort, Live Aqua Urban Resort, Live Aqua Boutique Resort, Grand Fiesta Americana, Curamoria Collection, Fiesta Americana, The Explorean, IOH, Fiesta Inn, Gamma and one brands, as well as the Live Aqua Residence Club and Fiesta Americana Vacation Club vacation programs. Posadas has been listed on the Mexican Stock Exchange (BMV) since 1992. For more information, visit: www.posadas.com

Read More