Allianz Report Envisions Travel in a Post-COVID World

Allianz | June 16, 2020

The travel experience will never be the same after the COVID-19 pandemic, according to a new travel futurology report commissioned by Allianz Partners.
Re-Opening the World – Life After COVID-19 predicts that the pandemic will come to an end sometime in December 2020. However, recently adopted sanitation measures throughout the tourism industry will remain the norm while air travel likely won't return to pre-COVID levels for several years.

Spotlight

Are you preparing to take a vacation in the near future? Traveling has many benefits that you might not have thought of. In the following infographic, the folks at Traveldecorum look at some of the top ways in which travelling helps you.

Spotlight

Are you preparing to take a vacation in the near future? Traveling has many benefits that you might not have thought of. In the following infographic, the folks at Traveldecorum look at some of the top ways in which travelling helps you.

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HOSPITALITY TRENDS

Certares Acquires The Embassy Suites Atlanta Midtown In Partnership With Highlands Investments And Monomoy Property Ventures

Certares | October 26, 2021

Certares Management LLC a leading investment specialist dedicated to the travel, tourism and hospitality sectors (together with its affiliates, "Certares"), in partnership with Highlands Investments LLC ("Highlands") and Monomoy Property Ventures LLC ("MPV"), today announced the acquisition of the 181 key, new-build Embassy Suites Atlanta Midtown located at 290 17th Street NW in Midtown Atlanta, Georgia. The deal also included the acquisition of an adjacent land parcel and an income-producing parking component.Located in the Atlantic Station area of Midtown, the all-suites property features a lobby bar, restaurant, large fitness area and pool, along with 2,600 square feet of meeting space. The rooms average approximately 500 square feet, and each has a private kitchenette and separate living room area. The hotel sits adjacent to Microsoft's new eastern U.S. headquarters and near Georgia Tech's main Atlanta campus. HEI Hotels & Resorts ("HEI"), a leading hospitality management company that owns and/or operates 84 hotels and resorts throughout the United States, has been selected to operate the property. "We are thrilled to acquire this brand-new asset in the heart of Atlantic Station. Midtown Atlanta is the city's preeminent submarket for technology and healthcare talent recruitment and is seeing an array of corporate relocations and expansions. We look forward to working closely with Highlands, MPV and HEI to ensure the property delivers a great experience to its guests." -Nolan Hecht, Senior Managing Director & Head of Real Estate at Certares Jordan Kary, Founder and Principal of Highlands, added, "We are big believers in both Atlanta and, more specifically, the Midtown Atlanta submarket, and we are excited to acquire this high-quality hotel together with Certares, MPV and HEI. The property's location together with its all-suites rooms and amenity offerings makes the asset well-positioned for outsized growth. We look forward to continuing to identify opportunities to acquire great pieces of real estate at attractive values and working to ensure best-in-class operations and oversight." "High-quality real estate structured off-market from a motivated seller, in an excellent location within a growth MSA, the Embassy Suites Atlanta Midtown is illustrative of the types of investments MPV is successfully targeting as we establish our business,We look forward to building on a close relationship with Certares, Highlands, HEI and Hilton as we execute on our business plan at this asset, and to participating in the substantial ongoing growth in the midtown Atlanta business community." -Kevin Vaughan, Founder of MPV. About Certares Management LLC Established in 2012, Certares focuses on direct investments in proprietary transactions, leveraging deep sector experience in the travel and hospitality industries, and with a consistent emphasis on partnership with management teams to drive growth. Certares brings together a team with decades of both operational and investment experience in private equity, travel, tourism, hospitality and travel-related business and consumer services. For more information, please visit www.certares.com. About Highlands Investments LLC Founded in 2020, Highlands Investments LLC is a New York-based real estate investment and asset management company that employs a value approach to investing and targets select product types and geographic regions across the United States and Canada. Prompted by the shifting dynamics in the global real estate industry, the company's primary objectives include sourcing and negotiating target driven acquisition opportunities and managing investments throughout their lifecycle. Highlands focuses on identifying opportunistic acquisitions at attractive values with the potential to enhance returns at the asset level through operational improvements and through long-term economic recovery. To learn more, visit https://www.highlandsinv.com/. About Monomoy Property Ventures LLC Monomoy Property Ventures (MPV) is a New York-based real estate investment, development and management firm with an extensive track record sourcing, acquiring and redeveloping lodging assets. MPV purchases land parcels and existing buildings in enduring, high-barrier locations in select resort and urban markets in the United States. Through physical and operational repositioning or ground-up construction, MPV seeks to improve buildings, destinations, neighborhoods and the built environment while providing attractive financial returns to our company and investment partners. Through current and prior ventures, Principals of MPV have executed on over $1.4 billion of lodging investments across 23 hotels. For further information, please visit www.MonomoyPropertyVentures.com. About HEI Hotels & Resorts HEI Hotels & Resorts, headquartered in Norwalk, Conn., is a leading hospitality investment and management company that owns and/or operates over 80 luxury, upper-upscale and upscale independent and branded hotels and resorts throughout the United States. HEI's branding partners include Marriott, Hilton, Hyatt, IHG and Accor. Taking a holistic approach to creating value for its investors and employees, HEI sets the highest standards across all aspects of hotel management and operation and focuses on central principles of excellence and continuous improvement. HEI prides itself on some of the highest employee satisfaction scores in the hospitality industry, fuels local economic prosperity by investing in communities and is committed to environmental stewardship and sustainability. To learn more about HEI, please visit www.heihotels.com

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TRAVEL TECHNOLOGY

Travel Experts Share Luxury Travel Trends

Global Travel Collection | October 19, 2021

As countries reopen their borders and international air travel resumes, pent-up demand for hard-earned vacations is driving new luxury travel trends. Travel advisors and experts from the Global Travel Collection (GTC) recently shared key insights from travel bookings at "Elevate," the international virtual conference and trade show that brought together luxury travel advisors with 300 of the industry's leading luxury travel suppliers. Travel advisors from All Star Travel Group, Andrew Harper, Colletts Travel, In The Know Experiences, Protravel International, R. Crusoe & Son and Tzell Travel Group, along with advisors from ALTOUR, a sister company of GTC at Internova Travel Group, comprise the largest selling force for luxury travel. Luxury Travel Planning Luxury is being redefined. Luxury travel advisor Maya George of Tzell Travel Group notes luxury travel is now more than expensive five-star hotels and first-class flights. It's the total package from beginning to end, and the connections made through the travel experience. Planning for travel is now done farther out. Tiffany Bowne of All Star Travel Group shares that she's already booking summer and fall 2022 trips for clients, many of whom are also using a travel advisor for the first time. They're also booking multiple luxury trips at a time. Travelers are spending more. It's been almost two years since some clients have taken a trip, said Scott Davis of ALTOUR, so they're willing to pay more for their next vacation. Destinations Brazil is trending worldwide, according to Wagner Barros of Colletts Travel. "Some places in Brazil remind travelers of the Maldives," he says. Exotic, far-off destinations are still in demand. Travelers are traveling to Ulaanbaatar, Mongolia for sports fishing, said luxury travel advisor Paulette Darensburg of Protravel International. Maya George adds, there's also a huge buzz around Zanzibar and Roatan, Honduras. Travelers still flock to the Caribbean and Mexico for privacy. Amy Blackenship of ALTOUR explains that private villas are plentiful here, and these destinations are reached easily by private air. Experiences Safety and ease of entry are paramount. Luxury travel advisor Leslie Tillem of Tzell Travel Group says clients are constantly asking questions about travel requirements and health and safety protocols. This is expected to continue well into the next few years. People want something different. Lily Szemplinski of In The Know Experiences shares clients want all the details of their trips taken care of so they can seek out new experiences that are inspiring and enlightening. Luxury travel is evolving in ways that connect people with luxury products. Kamala Cummings of In The Know Experiences notes her clients are looking at travel as a means to rejuvenate their souls. They're seeking experiences and accommodations that are infused with gastronomy, art and fashion. Luxury travelers are also seeking sustainability. Wagner Barros continues this is a trend that is going to stay as clients are increasingly asking for eco-friendly hotels and operators. Accommodations Luxury is not necessarily opulent hotels anymore. It is becoming more experiential and cultural, based within offerings at a property and within the destination itself, shares Stephen Scott, Protravel International. Small boutique resorts and villas offer an ideal escape. Small boutique resorts and villas are the most sought-after accommodations, along with private yachts, notes Linda Seargent of Tzell Travel Group. Travelers want access to resort amenities but with the private space. Domestically, luxury clients are looking for properties outside of major cities. What the pandemic has shown is we need more hotels in these areas, shares Ashley Les of Protravel International. Transportation Space travel is piquing interest. Greg Kiep of Protravel International notes space travel is something that, though still new to the luxury travel space, will continue to gain interest over the next five years. More are opting for trains over flights. Quality alone time is underestimated, says Maya George. Some travelers are preferring to take longer routes or different methods of travel, such as long, scenic train rides, to get away. Cruising makes a big comeback. There is heightened interest in Luxury River cruising, particularly in Europe, for 2022 and 2023, comments Paulette Darensburg. World cruises are selling out in record time, notes Scott Davis. "Our travel advisors are trusted counsellors with insider knowledge of emerging trends in the luxury travel space, and they know how to deliver these experiences to their clients seamlessly. They are becoming more of a concierge with their service levels. For the ultra-luxury clientele, these travel advisors travel with their clients to ensure everything is done correctly. They look after their travelers every step of the way, saving clients the time and hassle of having to make any necessary changes to their itinerary on their own." Angie Licea, President of Global Travel Collection Internova Travel Group recently launched its "Go Human. Book Human." advertising campaign to promote the value of a travel advisor as the complexity of travel continues in the wake of the pandemic. At the heart of the campaign is an immersive web experience on BookHuman.Travel that connects consumers directly with travel advisors from Protravel International, Tzell Travel Group and Andrew Harper Travel, travel brands of Global Travel Collection, the luxury and premium division of Internova. About Global Travel Collection: Global Travel Collection (GTC), a division of Internova Travel Group, is the world's largest collection of international luxury travel agencies, including the well-established networks of Protravel International, Tzell Travel Group, and Colletts Travel, as well as Andrew Harper, In the Know Experiences, All Star Travel Group and R. Crusoe & Son. GTC advisors and agencies are industry leaders in providing premium travel services to leisure travelers, corporate executives and the entertainment industry. The combined global reach and leverage translates into value, recognition, and preferential treatment for its world travelers. About Internova Travel Group: Internova Travel Group is one of the largest travel services companies in the world with a collection of leading brands delivering high-touch, personal travel expertise to leisure and corporate clients. Internova manages leisure, business and franchise firms through a portfolio of distinctive divisions. Internova represents more than 62,000 travel advisors in over 6,000 company-owned and affiliated locations predominantly in the United States, Canada and the United Kingdom, with a presence in more than 80 countries.

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BUSINESS TRAVEL

Source1 Partners with O'Reilly Hospitality Management, LLC

O'Reilly Hospitality Management, LLC | March 28, 2022

Source1 partnered with O'Reilly Hospitality Management, LLC. to bring robust procurement savings and technology to their respective members. Source1 is a data and technology company for hospitality procurement. O'Reilly Hospitality Management, LLC is a leading hospitality management group. The new partnership enables O'Reilly Hospitality Management members to get access to increased savings on F&B, operating supplies, linen, chemical, maintenance, facilities, and equipment. O'Reilly Hospitality Management provides cutting-edge hotel and restaurant management services that cover all facets of a project. They've grown from a modest corporation operating a single hotel to a company employing over 1,800 people and managing properties around the United States. O'Reilly Hospitality Management is a genuinely creative presence in the hospitality market, founded on the concepts of sustainability, community participation, charitable outreach, and a dedication to upgrading the modern guest experience. "At Source1 it's important to us that we partner with organizations that align with our values. O'Reilly Hospitality Management works hard to invest in their communities and make a positive impact." -Sarah Davie, President of Source1 Darren Harralson, Chief Operating Officer at O'Reilly Hospitality Management, said, Our company will now have the ability to leverage the incredible power of Source1's data and technology to improve our purchasing functions, reduce our costs and ultimately provide even more rewarding guest experiences. It was clear to us that it was time to evolve technologically, and Source1 is the perfect partner to help us do so.

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