Business travellers can now offset carbon footprint with GreenPerk

Travel Daily Media | March 09, 2020

For the first time, business travellers can now offset their entire carbon impact directly through a booking platform. Travel management platform, TravelPerk, has announced the launch of GreenPerk, a new product that gives business travellers and their companies the ability to offset their entire travel-related CO2 footprint. With the modern workforce increasingly concerned about the impact they are having on the environment, there is a growing demand for more eco-friendly business travel options and better carbon reporting services. The options currently on offer to businesses are severely limited: committing merely to providing data on carbon impact rather than a full, comprehensive solution designed to offset 100% of the carbon generated by business trips. Now with GreenPerk, a company can have a solution that aligns with their long-term sustainability strategy, all at the click of a button.

Spotlight

Experience what it’s like to travel alone! This may sound intimidating but the truth is that it’s super exciting.  It not only gives you the complete freedom to fix your own travel program but also enough time to relax, recharge and of course know yourself. So are you planning to travel solo? Let us put you at ease with some amazing tips and suggestions; simply check out the video.

Spotlight

Experience what it’s like to travel alone! This may sound intimidating but the truth is that it’s super exciting.  It not only gives you the complete freedom to fix your own travel program but also enough time to relax, recharge and of course know yourself. So are you planning to travel solo? Let us put you at ease with some amazing tips and suggestions; simply check out the video.

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BUSINESS TRAVEL

CWT Enters into Agreement with Financial Partners to Recapitalize Business as Business Travel Recovery Gains Momentum

CWT | September 16, 2021

CWT, the Business-to-Business-for-Employees travel management platform, announced that it has entered into an agreement with financial stakeholders representing over 90% of the Company’s outstanding debt to recapitalize the business and further strengthen CWT’s financial position as the recovery in business travel continues to gain momentum in key markets around the world. CWT expects to begin soliciting formal approval of the plan from its existing financial stakeholders in the next few weeks and to finalize implementation of the plan later this year. Key terms of the agreement, entered into with financial stakeholder Barings LLC, among others, include: Adding $350 million of new equity capital into the business; Eliminating almost $900 million of debt by replacing CWT’s existing $1.5 billion in debt with new first lien debt of $625 million issued at market rates and a new undrawn revolving credit facility; Providing CWT with substantial long-term liquidity through the resulting balance sheet cash and new revolving credit facility; and Providing for all business partners and other providers of goods and services to CWT to be paid in full. CWT expects to begin soliciting formal approval of the plan from its existing financial stakeholders in the next few weeks and to finalize implementation of the plan later this year. “This is great news for CWT and our stakeholders, highlighting the progress we have made to position CWT for long-term success and providing significant financial resources to further grow and develop our business,” said Michelle McKinney Frymire, CWT’s Chief Executive Officer. “This is an important and exciting time for travel, as the industry is seeing meaningful increases in demand for the first time since the start of the pandemic. As we ramp up operational capacity to continue serving our customers through the recovery, we are continuing to advance our strategic objectives, including driving innovation and delivering industry-leading solutions. We are pleased to be moving ahead with overwhelming support from our financial partners, who will become CWT’s new majority owners, underscoring their confidence in the market, CWT and our strategy and services.” Ms. McKinney Frymire added, “Implementation of this agreement will enable us to move beyond the pandemic, accelerate investments that create industry-leading experiences for our clients and travelers, and position CWT to benefit from the recovery already underway. Our teams have risen to the occasion and continued to meet high customer expectations at every turn despite the pandemic’s outsized impact on the travel industry. Looking ahead, our focus remains on providing best-in-class travel experiences for our customers and travelers while maintaining strong relationships with our partners, suppliers and other stakeholders. At the same time, we are excited to accelerate our strategic priorities. With travel demand now increasing, the actions we are taking will enable us to build on our industry-leading position.” Advancing CWT’s Strategy and Business Momentum CWT entered the pandemic with a track record of strong growth and delivering on its strategic priorities. Building on this success, CWT has used the period of COVID-related travel restrictions and related demand reductions to accelerate many of its strategic development plans and investments across its innovative products, program delivery and travel services. As the recovery in business travel, meetings and events gains momentum, CWT’s customer proposition is fundamentally stronger, broader and more robust. Among others, CWT’s many improvements to benefit travelers include: Patented algorithm search applications; A true omni-channel experience; More efficient follow-the-sun servicing capabilities; An enhanced digital hotel booking experience; Refined data analytics for greater insight and improving ROI; and Dedicated resources and services to enable a safe and secure return to travel. Since its inception, CWT has successfully delivered efficient, safe and connected travel programs from city centers to some of the most remote and hard-to-reach corners of the world, maximizing the potential of technological advancements and human ingenuity. Importantly, CWT believes that a true omni-channel experience brings together people and technology, and is essential for business travel and meetings & events now, and in the future, which is why the Company has been enabling solutions for the E in its B2B4E strategy. CWT’s early positioning as a platform business, enhanced by strategic physical operations, underscores the Company’s commitment to developing the next generation of skills, closing the gap between talent supply and demand, and future-proofing not only its own, but also its customers’ potential. As a result of this differentiated approach, CWT’s global connections, coupled with local knowledge and the application of innovative, patented platform technology, continue to benefit customers while enabling CWT to deliver unparalleled, valuable and seamless travel experiences. CWT is committed to remaining at the forefront of innovation, exceeding customer expectations long into the future, connecting people and helping businesses grow. About Barings Barings is a $382+ billion (as of 6/30/2021) global investment manager sourcing differentiated opportunities and building long-term portfolios across public and private fixed income, real estate, and specialist equity markets. With investment professionals based in North America, Europe and Asia Pacific, the firm, a subsidiary of MassMutual, aims to serve its clients, communities and employees, and is committed to sustainable practices and responsible investment. About CWT CWT is a Business-to-Business-for-Employees travel management platform. Companies and governments rely on us to keep their people connected – anywhere, anytime, anyhow – and, across six continents, we provide their employees with innovative technology and an efficient, safe, and secure travel experience.

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TRAVEL TECHNOLOGY

Entrust Launches New Seamless Travel Solution

Entrust | October 21, 2021

Entrust, a global leader in trusted identity, payments and data protection, announced its expansion to the travel industry with its Seamless Travel Solution, a fully-digital travel service. This solution enables a touchless and seamless experience for travelers by minimizing contact points, while bringing simplicity and greater security for border control, immigration and travel service provider operations.As travel restrictions and ever-changing policies continue to bring economic uncertainty, the travel and tourism industry is doing everything it can to increase safety and reduce friction for travelers. “Travel & Tourism is working hard to bounce back from the effects of the COVID-19 pandemic. WTTC’s Safe & Seamless Traveler Journey is central both in aiding a swift recovery and defining a new normal for the industry,” said Helena Bononi, Vice President Americas of the World Travel and Tourism Council. “This important initiative enables mobility and increases safety and security, while always putting the passenger at the center. We’re encouraged by efforts from governments and industry to make this a reality. The new Entrust Seamless Travel Solution and all initiatives focusing on seamless travel are welcome additions to all current efforts.” This announcement closely follows the acquisition of WorldReach Software in April 2021, combining the identity and data protection portfolio of Entrust with the expertise from WorldReach in digital identity verification and onboarding. The new Entrust solution enables an integrated solution to facilitate citizen engagement, digital onboarding, adaptive credentialing and risk-based flow control to the travel continuum. “As citizens of the world begin to travel again, now is the perfect time to bring this solution to the market,We are confident that the Seamless Travel Solution will help launch the world into a new era of travel, allowing travelers to feel safer and experience less hassle, while also enabling operational efficiency to both border agencies and the entire travel industry through digital transformation.” - Gordon Wilson, Vice President Identity Verification at Entrust. Targeted at airlines, train operators, cruise lines, airports, border agencies, and other key operators in the global travel and tourism ecosystem, the Entrust Seamless Travel Solution is a significant step toward a travel experience in which the traveler no longer needs to present travel-related documents such as boarding passes and passports multiple times to a variety of stakeholders at different checkpoints in their journey. Rather, travelers opting in will experience less hassle due to the solution’s implementation of contactless biometric corridors that employ facial recognition technology to confirm the traveler’s identity, removing friction from touchpoints. TLScontact, a leading provider of visa and consular services for governments around the world, is incorporating the Entrust Seamless Travel Solution into its offering. “TLScontact brings seamless, secure and increasingly digital application processing experience to a wide range of visa and consular services on behalf of governments across the world,” said Simon Peachey, Chief Sales Officer for TLScontact. “That’s why we’re partnering with Entrust to incorporate their market-leading Seamless Travel solution into our offering. Entrust capabilities in remote identity verification and digital travel credentials offer significant value both to our government clients and the travelling public.” Gatekeeper Intelligent Security, a leader in inspection and recognition solutions at the border, integrates Entrust digital identity verification into its border recognition systems. “Gatekeeper leads the way in intelligent inspection and recognition solutions at the border. We are committed to developing innovative solutions that augment human ability to perform security functions rapidly and accurately,We’re teaming with Entrust to take advantage of their best-in-class remote identity verification capability, enabling drivers and passengers to submit biometrically secured identity data before travel or en route. When coupled with Gatekeeper’s border recognition systems, the result is a world-leading, automated, drive-through border solution.” -Colin Brown, Vice President, Global Sales & Operations at Gatekeeper. The Seamless Travel Solution follows all GDPR regulations, does not retain personally identifiable information and encrypts all data in transit and at rest for maximum user security. Each traveler using the service receives the option to store their Digital Travel Credential on their personal mobile device, but this is not required.To learn more about Entrust and its Seamless Travel Solution, please visit https://www.entrust.com/solutions/industries/government/seamless-travel. About Entrust Corporation Entrust keeps the world moving safely by enabling trusted identities, payments and data protection. Today more than ever, people demand seamless, secure experiences, whether they’re crossing borders, making a purchase, accessing e-government services or logging into corporate networks. Entrust offers an unmatched breadth of digital security and credential issuance solutions at the very heart of all these interactions. With more than 2,500 colleagues, a network of global partners, and customers in over 150 countries, it’s no wonder the world’s most entrusted organizations trust us. For more information, visit www.entrust.com.

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HOSPITALITY TRENDS

Optii Solutions Announces Two-way Integration with Maestro PMS

Optii Solutions | May 02, 2022

Optii Solutions announced a two-way integration with Maestro PMS. Optii Solutions is the leading optimization technology for hotel operations. Maestro PMS is the trusted and proven cloud or on-premise browser-based PMS solution for independent hotel and resort groups. The bidirectional link will help existing Maestro users to optimize their housekeeping and maintain dynamic alignment between the front and back of the house in hospitality operations. This two-way interface will give Maestro and Optii clients an easy solution that optimizes labor and cleaning processes through predictive technology and automation. The software improves daily cleaning plans and sequences for room attendants, allowing hotels to anticipate faster turnaround times and leverage predictive AI to run more effective day-to-day operations. Optii's unique 360-degree methodology offers hotels complete insight into their operations, allowing them to identify areas where additional resources should be deployed and high and poor production areas. It results in increased overall efficiency and productivity, and the platform often pays for itself within a month of use, making it a very cost-effective option for hotels. "It has never been more important for hotels to maximize their hotel operations systems in place to manage the challenges in hospitality. We're very happy to be partnering with Optii on this integration so we can continue to support our customers with the right 3rd party technologies that will help them reduce costs, increase profitability, centralize their operations and improve the overall guest and staff experience." -Warren Dehan, President, Maestro PMS

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