Coupa Software acquires corporate travel technology provider Yapta

PhocusWire | January 08, 2020

Coupa Software, which provides business spend management software to corporate clients around the world, has acquired Yapta, a provider of airfare and hotel price assurance technology. Yapta’s system will be integrated into Coupa’s BSM Platform to track prices in real-time and instantly rebook travelers if a lower air or hotel price becomes available. “Business travel, which accounts for more than $1 trillion of spend per year, is often one of the spend areas within a business with the least visibility and control,” says Rob Bernshteyn, chairman and CEO of Coupa. “Yapta offers greater transparency into travel spend, helping businesses get the most value from their travel planning. I am excited to welcome the Yapta team to Coupa and look forward to furthering our joint mission of empowering businesses with the visibility and control they need to spend smarter.”

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You can tell a lot about a person by their backpack.Today we’ll be counting down our picks for The Best Destinations for Backpackers in 2019.

Spotlight

You can tell a lot about a person by their backpack.Today we’ll be counting down our picks for The Best Destinations for Backpackers in 2019.

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INDUSTRY OUTLOOK

New Research by Roomex and GBTA Reveals Top Travel Management Challenges in 2022

Roomex | July 19, 2022

New research conducted by the Global Business Travel Association (GBTA), in partnership with Roomex, the workforce travel platform, has unveiled the state of business and project travel in 2022. Findings from the survey, completed by over 100 Travel Managers in the US and Canada between March 29 and April 15, 2022, has revealed the growth of business travel post-COVID and the methods top businesses are using to manage their staff travel. Demonstrating the resurgence of workforce travel post-COVID, the survey found that a third of businesses have some significant overnight accommodation needs, with between 25% – 100% of the workforce staying overnight at least once a week. Sixty six percent said between 1% – 24% of their workforce stay elsewhere overnight at least once a week, with only 1% saying they have no accommodation needs at this time. A third of businesses surveyed stated that their average room nights booked per month exceeded 500, with 13% booking between 200 – 500 and 18% booking 100 – 200 room nights per month. Project-based travel is particularly prominent, with 39% of businesses saying their organization engages in "a lot" of project travel. Rising costs featured prominently in the survey, with accommodation price featuring in 82% of travel managers' responses when asked: "What is most important when managing corporate travel?" Seventy nine percent of respondents called out visibility and reporting as an important feature, while 57% noted the importance of duty of care/safety. Just 32% highlighted the price of airline tickets. Compliance enforcement topped the poll in booking challenges, with 60% of travel managers admitting that getting their staff to stick to travel policy is a challenge their organization currently faces. Fifty one percent noted that traveler satisfaction is also a challenge, pointing to the importance of maintaining strong employee relations in the new post-COVID workplace. Keeping track of all company travelers (38%), keeping track of travel spend/budget (30%) and unsuitable accommodation types (17%) also ranked among the challenges travel managers face in 2022. "It is clear from the research that while workforce travel has returned for most businesses, the challenges facing travel managers and finance teams have changed. Rising costs and a renewed focus on traveler satisfaction mean that travel managers need a flexible, efficient and innovative solution to keep up with their organization's travel requirements. Roomex solves this problem and enables every travel manager to take that extra coffee break, safe in the knowledge that they've got the best rate and their travelers will be happy." -Garry Moroney, CEO of Roomex Christopher Ely, Research Director at GBTA, said: "In our ongoing GBTA research, we've seen a continued evolution in the challenges that travel managers are now facing. This data around project-based travel and high room night volumes provides insights on what travel managers are thinking about now for their employees and companies, and how they are navigating new considerations as a result of the pandemic and other factors." Listen to Darin Peterson, Sales Manager at Roomex, and Christopher Ely, GBTA Research Director, further discuss the research findings on GBTA's "The Business of Travel" podcast. About Roomex Roomex is the all-in-one travel and expenses platform built for businesses with a mobile workforce. Roomex helps you book, manage, pay and analyze all of your accommodation, rail and expenses in one place - saving both time and money. Founded in Dublin, Ireland with offices in Boston, London, and Munich, Roomex is on a mission to make workforce travel and spend management as seamless and cost-effective as possible. With two nominations for Accommodation Innovation and Payments Innovation at the Business Travel Awards Europe 2022, Roomex is pioneering seamless travel booking. To learn more, visit www.roomex.com. About GBTA The Global Business Travel Association (GBTA) is the world's premier business travel and meetings trade organization headquartered in the Washington, D.C. area with operations on six continents. GBTA's members manage more than $345 billion of global business travel and meetings expenditures annually. GBTA delivers world-class education, events, research, advocacy, and media to a growing global network of more than 28,000 travel professionals and 125,000 active contacts. To learn how business travel drives lasting business growth, visit www.gbta.org.

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TRAVEL TECHNOLOGY

VeriFLY by Daon Expands Capabilities to Streamline Access to Travel Documents

Daon | September 28, 2022

Daon, the Digital Identity Trust Company, announced expanded usage of its VeriFLY™ digital travel app to allow users to save required travel or event documents directly to their digital itinerary, providing one-point access for retrieval. VeriFLY is the world’s first widely adopted digital travel app to help travelers and event attendees quickly and safely meet their destination’s and event’s health and identity requirements.VeriFLY is the first mobile app service of its kind to support multiple airlines (codeshare, interline) and any number of countries’ travel requirements. It applies health certificates and related documents to multiple travel legs with similar entry/transit requirements. Its newest capability is now available in over 65 countries. “Daon VeriFLY continues to provide customers with the best user experience while traveling due to its ability to adapt quickly and effectively to the travel industry’s changing requirements, This new expanded capability removes the added stress of travel restrictions, providing travelers with health document credentials throughout their entire travel journey, including multiple leg trips, outbound and inbound travel, codeshares, interline and more.” -Tom Grissen, CEO of Daon Previously, VeriFLY users could only access necessary documents for point-to-point travel, but this new capability allows customers to use VeriFLY for multi-leg travel, even if there are different airlines within the complete itinerary to help federate across the VeriFLY ecosystem. This creates a seamless user experience more aligned to the airline web and app experience that travelers expect. VeriFLY gives travelers the benefits of a faster, smoother process – while enabling the carriers to deliver more on-time flights, faster boarding times, less counter transaction time, lower ground handling costs, fewer inadmissible passengers and related fines, better audit trails, all while promoting higher passenger usage of online check-in and self-service. Travelers worldwide have widely adopted VeriFLY and continue to utilize the mobile app for their ongoing travel experiences. VeriFLY is used by major airlines, cruise lines, hotels, and other businesses, including American Airlines, British Airways, Aer Lingus, Japan Airlines, Carnival Cruise Lines, Holland America Line, Viking Cruises, Hyatt Hotels & Resorts, and many others. VeriFLY recently reached the milestone of more than 12M travelers serviced, and recently over 1 million Carnival Cruise guests have used VeriFLY for a seamless travel experience. The VeriFLY travel app can be downloaded from the Apple App Store or Google Play. Users can create a secure profile and input flight information, upload crucial travel related documents, and any other essential identity and health documentation. Visit Daon at World Aviation Festival in Amsterdam (booth 12.561) on October 4-6, 2022, to learn how VeriFLY is defining the future of seamless travel. About Daon Daon, the Digital Identity Trust company, enables market-leading organizations worldwide to easily and accurately proof, verify, authenticate and secure customer identities at every trust point across the entire customer lifecycle. With industry-leading identity proofing and biometric authentication technologies at its core, Daon’s technology ensures that customer identities are accurately verified, easily asserted and safely recovered. By mitigating fraud, reducing friction, and ensuring regulatory compliance, Daon help businesses deliver a seamless customer experience, increase customer satisfaction and reduce cost. Daon delivers these solutions through its AI and ML-powered IdentityX® platform, chosen by leading companies in financial services, telcos, travel & hospitality and other industries to secure and process hundreds of millions of digital identity transactions daily. Learn more at www.daon.com.

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TRAVEL TECHNOLOGY,DESTINATION AND TOURISM

GigNet to Provide Managed Services to Aquaworld Cancun to Provide Clients with Seamless Wi-Fi while Embarking on Unique Water Tours and Experiences

GigNet | August 16, 2022

GigNet, a Digital Infrastructure company with an extensive regional fiber optic broadband network from Costa Mujeres, North of Cancun, through the Hotel Zone of Tulum, announced today it has signed an agreement to provide high speed Internet and Managed Services to Aquaworld marina located in Cancun's Hotel Zone. Aquaworld has been the “Fun Leader” for water activities in Cancun since 1986 and is a 2022 Tripadvisor “Travelers’ Choice” award recipient.Aquaworld’s main facilities are a marina in the Hotel Zone of Cancun, with the capacity to receive hundreds of boats, wave runners, and aquatic equipment. The facility also features the only pool to teach diving courses and training at the PADI certification level. Popular tours include an Isla Mujeres cruise and snorkeling trip and the “Paradise Subsee” – a cross between a yellow submarine and a glass bottomed boat – found only at Aquaworld, with tours of the Punta Nizuc Reef and the Cancun Underwater Museum. “As the ‘Fun Experts’ in Cancun, our Mission is to offer our guests an exciting, entertaining, and safe experience,Our customers’ experience begins at the Marina before they leave the dock, and this includes allowing them to stay connected to friends and family. Once their adventure begins, capturing the experience in a digital photograph to share and keep for years to come is an important part of the Aquaworld encounter. High-speed Internet helps us deliver this keepsake in a timely, high-quality fashion.” -Andrea Orozco, General Manager. Mark Carney, OBE and President of GigNet Mexico, commented, The incredible blue waters of the Caribbean Sea are at the center of the Cancun travel experience. Whether it is a relaxing and interesting boat tour or an exhilarating hands-on activity, Aquaworld helps travelers of all ages enjoy a water adventure while visiting the Cancun region. Our fiber-optic network and strong Wi-Fi services in the Cancun Hotel Zone help leading businesses such as Aquaworld earn top ratings from clients and from travel websites. The best ocean activities and the best Internet are a powerful combination. Together, Aquaworld and GigNet are a reason Cancun is the best destination in the world for travelers, adventurers, families, conferences, and digital nomads. ABOUT AQUAWORLD Founded in 1986, Aquaworld is located in Cancun and in Cozumel and is known globally as a leading company specializing in aquatic entertainment and activities. In addition to being the “Fun Experts” in Cancun for over 35 years, Aquaworld also prides itself on its contributions to preserving the delicate ecological balance of the reefs and ocean life of Cancun and Riviera Maya. Aquaworld has earned the prestigious “ESR” Badge from the Mexican Center for Philanthropy (CEMEFI) for Environmental and Social Responsibility. This places Aquaworld among the elite companies in Mexico who share the distinguished ESR label. Aquaworld is part of the Ultramar family of companies. https://aquaworld.com.mx/en/ ABOUT GIGNET GigNet is the Mexican Caribbean brand of GigNet, Inc., a U.S. based international Digital Infrastructure company specializing in Fiber-to-the-Home (FTTH) and Fiber-to-the-Premises (FTTP) for enterprise customers including hotels, resorts, retailers, offices, large commercial operations, governmental offices, and medical and educational facilities, as well as fiber-optic transport services for mobile phone operators in the region. Through its Mexico operating subsidiaries, GigNet, S.A. de C.V., and Sanalto Redes Peninsular, S.A.P.I. de C.V., the Company is a fully licensed telecommunications provider in Mexico. GigNet is actively adding customers to its extensive regional broadband network in the Mexican Caribbean, one of the largest and fastest growing tourism and new residential development destinations in the world, with over 25 million annual airport visitors. GigNet is a leader in the Digital Transformation of the region.

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