Amadeus and Sabre Sign Up for New Approach to Flight Selling

Skift | October 23, 2019

Two deals announced Wednesday will have slow-reaching implications for airlines, travel agents, and online travel agencies when it comes to how they sell flights. But the immediate impact of the deals is that it’s a flashing signal to the industry that airlines have finally reached an inflection point in how they distribute airfares and related products and services. Amadeus and Sabre, the world’s two largest travel technology companies, have signed a deal with ATPCO, the airfare clearinghouse formerly known as the Airline Tariff Publishing Company, to use airlines’ so-called rich content — such as photos of, say, first-class seats. Besides providing photos and videos, airlines can also call out how much legroom will come with any given ticket and list other fare benefits and restrictions, such as how much baggage is included.

Spotlight

Japan's tourism industry is on the verge of becoming a major economic engine for the country. In 2020, Japan will host the Olympic and Paralympic Games and enjoy a global platform for its people, culture, and landmarks. Recently, tourism has been positioned as an engine to solve social challenges in Japan and support economic growth. The March 2015 McKinsey Global Institute report, The Future of Japan: Reigniting Productivity and Growth, described how Japan has the potential to more than double its annual GDP growth, to 3 percent, by increasing productivity. This insight is also applicable to tourism, and this report investigates the challenges and potential impact of several initiatives aimed at addressing obstacles to realizing its inbound tourism goals.

Spotlight

Japan's tourism industry is on the verge of becoming a major economic engine for the country. In 2020, Japan will host the Olympic and Paralympic Games and enjoy a global platform for its people, culture, and landmarks. Recently, tourism has been positioned as an engine to solve social challenges in Japan and support economic growth. The March 2015 McKinsey Global Institute report, The Future of Japan: Reigniting Productivity and Growth, described how Japan has the potential to more than double its annual GDP growth, to 3 percent, by increasing productivity. This insight is also applicable to tourism, and this report investigates the challenges and potential impact of several initiatives aimed at addressing obstacles to realizing its inbound tourism goals.

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DESTINATION AND TOURISM

Celebrate World Oceans Day with Terranea Resort

Terranea Resort | May 30, 2022

Terranea Resort invites guests to enjoy its rich natural habitat that spans over 102 acres. It is perched atop oceanfront coastal bluffs on the Palos Verdes Peninsula. The resort has a variety of special offerings designed to entertain, educate, and explore the surrounding marine protected environment to celebrate World Oceans Day. World Oceans Day is an annual event and presents an opportunity to unite the community to support for the sustainable management of the world’s oceans. It also raises awareness of the impact of individual actions on the ocean. Guests can be a part of eco-driven initiatives in partnership with Marine Mammal Care Center and International Bird Rescue. These organizations bring awareness to the importance of safeguarding and protecting the ocean for everyone to enjoy throughout June. Guests can support the Marine Mammal Care Center while booking their stay at www.Terranea.com. Guests can go kayaking on the Californian coastline with marine biologist and Chief Operations and Education Officer of Marine Mammal Care Center, Dave Bader. He will provide the guests with invaluable knowledge on endangered cetaceans and the conservation of the local marine life. A portion of the proceeds from each tour will be donated to the Marine Mammal Care Center. Guests aged 8 and up can enjoy this activity on June 4 | 7:30am – 10:30am | $250 per person donated directly to Marine Mammal Care Center. Tour needs to be booked in advance and is weather dependent. All equipment is provided. Guests, ages 8 and up can go on a forest clean-up kayak tour to help maintain the coastline by collecting litter along the pristine Marine Protected Area of the Palos Verdes Peninsula. Tour details: June 11 | 9:30am & 11:30am | $100 per person. Here is a list of other activities that the guests can enjoy: Educational ocean activities- June 11 | 11:00am – 2:00pm Nelson'sSea Harvest Workshop- Ages 21 and up. Advance reservations are required at www.terranea.com/experiences. June 11 | 10:00am | Sea Salt Conservatory | $80 per person Self-guided Nature Walk and Scavenger Hunt June 1-30 | Map available at pointe discovery Captain Gray Whale Cookies June 1 – 30 Visit Terranea’s website (terranea.com/celebrate) for more details.

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HOSPITALITY TRENDS

A luxury Collection Hotel DiamondRock Hospitality Debuts Hotel Clio in Denver Cherry Creek

diamondrock hospitality | March 17, 2022

DiamondRock Hospitality Company has opened Hotel Clio, a luxury Collection Hotel in Cherry Creek, Denver. DiamonRock's third Luxury Collection hotel is Hotel Clio. As a result, DiamondRock now owns the most Luxury Collection properties in North America. Wilson Ishihara Design, an award-winning studio, was responsible for the design. "Hotel Clio is now the most luxurious hotel in the affluent Cherry Creek community and this repositioning further enhances the strong return on our investment." -Mark W. Brugger, President and Chief Executive Officer of DiamondRock Hospitality Company DiamondRock acquired the hotel, formerly branded a J.W. Marriott, in 2011 for $74 million ($372,000 per key). The $3.6 million of incremental capital to reposition the property into a luxury hotel is expected to generate over a 70% internal rate of return for DiamondRock shareholders. Hotel Clio is projected to generate a stabilized 10.5% yield on our total investment. Importantly, the repositioning is another step forward in DiamondRock's strategic initiative to assemble an exceptional collection of urban lifestyle hotels and experiential resorts.

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TRAVEL TECHNOLOGY

Travel tech Start-Up Bookaway Secures USD 46 million in Investor Funding

Bookaway | July 17, 2021

Start-up in travel technology Bookaway has secured USD46 million in venture capital from Aleph, Corner Ventures, and Entrée Capital to establish the Bookaway Group, which will bring together ground and sea transportation companies from across the world. The group has collaborated to digitalize the USD 157 billion sector, where 95% of activities remain offline (local buses, trains, ferries.) As a result, local suppliers can connect and reach even more travelers by offering an online platform for up-to-date information, reviews, and booking while increasing access to every part of the globe (over 100,000 routes and counting). Getbybus, known for providing tens of thousands of routes in and around the Balkans and Western Europe, is the first to join the Bookaway Group, followed by 12Go, which has the biggest network of local transport choices in and around South East Asia. The Bookaway Group, in collaboration with Bookaway, provides access to more than 100,000 transit routes, user evaluations, and round-the-clock assistance in 14,600 locations across 80 countries. The Bookaway Group aims to bridge the global gap between travelers and local transportation providers, allowing travelers to discover and book transportation options anywhere in the world, regardless of the language they speak or how remote the location is. Bookaway has grown from a tiny Tel Aviv start-up to one of the world's top ground transportation companies in less than four years, with plans to expand further in the United States, China, and Latin America. Since 2018, Bookaway has secured USD 35 million in Series B funding to establish the Bookaway Group, following USD 11 million in Seed and Series A funding. Aleph, a major Israeli investor, has been a loyal supporter since 2019.

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