Booking Holdings moves to support financial position into 2021 with capital-raising program

PhocusWire | April 09, 2020

Booking Holdings moves to support financial position into 2021 with capital-raising program
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 convertible senior notes to net an additional $735 million. The proceeds will go towards "general corporate purposes which may include the repayment of debt." The company says that even before the announced external financing, it believes if current business volumes stay the same, it can meet “operational and other needs… through at least the end of 2021.”

Spotlight

Travelers are faced with seemingly infinite choices - from what devices and channels to use to which friends and experts to consult - on their path to a booking, and last year saw a substantial shift in leisure traveler shopping behaviors.

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TRAVEL TECHNOLOGY

Federal Government of Brazil Trials Fully Digital, Face-Based Boarding Program at Santos Dumont Airport

Serpro, IDEMIA | March 18, 2021

To exploit the new service, passengers will initially have to stop for a photograph when they check-in at the air terminal. That photograph will at that point be contrasted with a picture in a government database, permitting the air terminal to interface the individual's face to their Brazilian CPF number and their travel documents. From that point forward, they will at this point don't have to introduce those documents (either their identification or their boarding pass) as they travel through the air terminal. They can rather enter lounges and get onto their plane with just a facial recognition filter. The opt-in biometric boarding program requires the assent of the traveler, and will at first just be offered to clients flying with Azul airlines. Be that as it may, the technology will be introduced at different air terminals expecting all works out positively. The Santos Dumont organization comes in the wake of an earlier paperless boarding pilot at the Florianópolis and Salvador airports in 2020. The facial recognition terminals being utilized in the trial feature technology from IDEMIA, Digicon, and Azul/Pacer. The Federal Government is trusting that the Embarque + Seguro program will empower a contactless travel insight during the COVID-19 pandemic, and limit standby times at security checkpoints. “With biometric boarding, travelers will be able to enjoy a more peaceful experience at the airport, while having total control of biometrics at each stage of the trip,” said IDEMIA Sales Director Márcio Lambert. “Our solutions adopt simple, secure and economical approaches, without ever putting data security at risk.”

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BUSINESS TRAVEL

VacationOffer.com's Powerful Online Booking Engine Offers Industry-Tailored Technology Solutions that Help Travel Businesses Grow

VacationOffer.com | September 09, 2021

Trusted online travel agency VacationOffer.com is continuing to redefine the business travel and travel fulfillment industries with its state-of-the-art powerful online booking engine, called VO for Business. With the aim to help travel agents, corporate travel program companies, tour operators, and organization program coordinators (OPCs) grow, VO for Business solutions allow coordinators and employees to access the most competitive wholesale pricing in the industry, book trips online in seconds, and manage all aspects of travel within a central dashboard. "At VacationOffer.com, we have become leaders in the consumer travel sector because our solutions make it really easy for anyone to book memorable trips and thrilling experiences. Now, with our proven expertise in building the type of technologies that real travelers use every day, we're looking to help others in our industry achieve success through our tailored VO for Business solutions," said Sharon Mathews, Marketing Manager at VacationOffer.com. "With VO for Business, we're confident that we can meet the specific needs of any travel company." VO for Business offers unique solutions for a variety of travel service providers. This includes: Travel Agencies: By providing travel agents with access to some of the most competitive wholesale pricing in the industry, VO for Business helps ensure that there is enough margin on each product to generate profit for an agency. More importantly, travel agents can book with confidence knowing that their clients are receiving the highest caliber of travel products and services from reputable brands. Corporate Travel Program Service Providers: From beginning to end, arranging and managing travel plans for employees can be an overwhelming task for any organization. With VO for Business, corporate travel coordinators and employees can book trips online in seconds at exclusive business prices. Whether it's a meeting in another town or a conference across the country, VO for Business can help take the hassle out of arranging business travel and protect a company's bottom line from over-priced travel products. Tour Operators and OPCs: Scheduling tours and day drives in an industry of ever-changing wave times is a complicated task. With VO for Business, tour operators and OPCs can centrally manage hotel reservations, tour bookings, and gifting in a variety of top travel destinations online by means of an easy-to-use platform. VO for Business has a proven track record and always ensures timely payment on qualified tours. In addition to its VO for Business solutions, VacationOffer.com works with top brands from around the world to provide consumer travelers and families with high-quality, expertly curated travel experiences to some of the most popular destinations in the country. The best hotels, ticket providers, and other travel industry specialists are contracted by the company to provide their customers with the best travel moments. As a bonus, many of the package deals provided by VacationOffer.com come with travel perks, such as gift cards or vouchers. About VacationOffer.com A trusted online travel agency, VacationOffer.com provides vacation packages, hotels, event tickets, and attraction tickets in the most popular travel destinations in the United States. The company serves both consumer travelers and businesses, providing high-quality trips and tours with full transparency. Additionally, to ensure the safety of clients, VacationOffer.com and its suppliers adhere to all COVID-19 guidelines set forth by the Centers for Disease Control and Prevention and local government agencies.

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BUSINESS TRAVEL

Travel Is Returning!

Globus family of brands | May 19, 2021

More than 60% of American travelers are vaccinated, and 70% of globetrotters are in a "travel state-of-mind" as a result of technological advances. Americans are trying to rekindle their desire to travel with increasing enthusiasm. The award-winning Globus, Cosmos, Avalon Waterways, and Monograms brands have taken notice, inspiring travelers to schedule an exciting comeback to the world they've been missing and rekindle their passion with travel. "People like traveling. "It's what we talk about; it's what we anticipate," said Steve Born, the Globus family of brands' chief marketing officer. "Travel is, in particular, the second-most-searched topic on the internet." For more than 90 years, the Globus family of brands has shared its passion for travel with fellow travelers all over the world. This recent 'detour' has been painful for us and them, but it has also reminded us how much we enjoy our long-lost love. Finally, with increased access to countries all over the world, we will move away from our sadness and make plans for life-changing experiences. We can put down our phones and return to our passion for face-to-face connection. It's time to make plans to return to the world we've missed – and to the places that have missed us as well." The company's NEW marketing campaign, which debuted today, focuses on world-famous attractions such as Michelangelo's David, the Sphinx, the Eiffel Tower, and the Easter Island Statues, serenading tourists with Player's "Baby Come Back." The Globus family of brands hopes that by doing so, travelers will be inspired to reconnect with the world. And maybe no travel company is well-positioned to spur a comeback in travel this year and 2022. Globus, Cosmos, Monograms, and Avalon Waterways provide over 500 vacation itineraries across six continents and 70 countries, ranging from guided tours and packaged vacations to the river and small-ship cruising vacations. "In the last year, we've unveiled more ways than ever before to explore, discover, and experience the world's most beautiful destinations," Born said. "From introducing 'Choice Touring by Globus' in Europe and North America to expanding our 'Undiscovered' tour series around the globe and introducing new Storyteller sailings with celebrity hosts; Active & Discovery vacations on the world's most famous waterways; and Special Interest cruises with Avalon Waterways, the Globus family of brands is ready to help travelers leave normal behind and get back to amazing" ABOUT GLOBUS FAMILY OF BRANDS Group Voyagers, Inc., headquartered in Littleton, Colorado, is a privately owned company that markets and sells the Globus family of brands in the United States. Globus, Cosmos, Monograms, and Avalon Waterways all offer unparalleled tours, independent travel packages, river, and small-ship cruise opportunities for travelers. The Globus family of brands is committed to enriching the lives of travelers by converting exotic destinations into familiar harbors, where the cost of travel is forgotten and replaced by personal value. With 90 years of international travel experience, the Globus family of brands is considered the world's largest tour operator.

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Spotlight

Travelers are faced with seemingly infinite choices - from what devices and channels to use to which friends and experts to consult - on their path to a booking, and last year saw a substantial shift in leisure traveler shopping behaviors.