Nuvei | January 20, 2021
Nuvei, the payment technology partner of flourishing brands, announces report and overview of "Redefining travel payments in the post-COVID-19 era," a white paper report and survey pinpointing growth strategies for travel operators in the aftermath of the pandemic, driven by payment technology. Created as a team with Edgar, Dunn and Company ("EDC"), with investment from Visa, this far reaching study contains information, experiences and noteworthy insight for the travel area as it designs its 2021 rebound, including the basic significance of a computerized first system, the best and innovative payment models to receive, and what authoritative changes could all the more quickly catalyze growth opportunities.
The COVID-19 pandemic and its connected isolates and travel limitations significantly affected travel industry income all through 2020, leaving related organizations looking for arrangements. The new arrival of antibodies has flagged a promising end to current circumstances, furnishing travel administrators with the certainty to set their rebound strategies in motion. It was considering this that Nuvei got together with EDC, an autonomous, worldwide technique counseling firm having some expertise in payments and computerized monetary administrations, to deliver "Redefining travel payments in the post-COVID-19 era."
The report includes top to bottom experiences into current industry problem areas and payment-related answers for the future, interviews with top aircrafts and online travel specialists and an industry-wide review directed among September and November 2020, just as examination of the outcomes. It features changing client assumptions that require new methodologies for progress, including utilizing payment technology to a more noteworthy degree than previously and intended to support merchants in their recovery.
Avoya Travel | November 23, 2021
Avoya Travel, one of the travel industry’s most innovative companies, is pleased to announce that it has closed on an investment from funds managed by Certares Management LLC, a global travel, tourism, and hospitality investment firm. Certares joins brothers, Jeff and Michael Anderson, as Co-Owners of Avoya and together are committed to long-term growth and scaling its vacation platform. Terms of the transaction were not disclosed.
“We are honored to welcome Certares as a partner in Avoya Travel. It’s taken tremendous endurance to build our industry-leading platform and we are excited for our brilliant employees, independent travel advisors, and suppliers – especially during these unprecedented times,” “We look forward to partnering with Certares to capitalize on the growth opportunities we see ahead as our industry begins its strong recovery.”
-Jeff Anderson, Co-Owner and Co-CEO of Avoya.
Avoya continues to invest in its people and technology which, despite the global pandemic, has driven record high customer satisfaction ratings. Avoya’s new investment from Certares will further position Avoya as an industry leader and accelerate the company in its pursuit to perfect vacation shopping, planning, and booking.
“We are thrilled to be partnering with the Anderson family as shareholders of Avoya and are cheering on the entire Avoya team,Through three generations of family leadership, Avoya has built an incredible team which has consistently pioneered innovative technology, industry-leading marketing and unmatched relationships with independent travel agencies, travelers, and suppliers. We are delighted to support the next phase of Avoya’s growth.”
-Colin Farmer, Senior Managing Director and Head of the Management Committee of Certares
The Anderson family has developed deep relationships in the travel industry for nearly 60 years and formed Avoya Travel in 2006. Co-Founders and brothers Jeff and Michael Anderson, having managed day-to-day operations for nearly a decade, will serve as Co-CEOs of Avoya. As part of the transaction, Brad Anderson will move to a senior advisory role and Van Anderson will retire. The first generation of the family in travel, Pal and Pat Anderson, started in the industry in Hawaii in 1964.
About Avoya Travel
Avoya Travel is redefining how vacations are booked by connecting travelers with independent travel advisors who deliver personalized service and value. Through its proprietary digital platform and vast demand channels, Avoya offers software and services to thousands of companies including cruise lines, resorts, tour companies, and independent travel agencies. Avoya has won numerous awards for its technology and innovation, including holding multiple patents, and serves travelers in North America and beyond. For more information, please visit AvoyaTravel.com.
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 certares.com.
Financial Standard | November 30, 2020
The leaders of significant associations will travel less and accelerate digital change in front of different investments thanks to the way COVID-19 has disrupted operations, a Westpac survey found.
More than 110 chief executives canvassed in Westpac's Asia Pacific CEO review hope to scale back their business travel plans substantially in the future.
The research, made conjunction with The Economist Intelligence Unit, discovered almost two-thirds (64%) of chief executives in the Asia Pacific driving the financial services, real estate and consumer goods sectors are reconsidering about the way they visit offshore operations as technology has made it possible to communicate more efficiently.