CTM sees big earnings growth

Buying Business Travel | August 21, 2019

Corporate Travel Management (CTM) has reported  solid earnings growth, with net profit increasing 12 per cent year-on-year.The global TMCTravel Management Company: An agency which manages business travel for a company. saw total transaction value increase 30 per cent to AUS$6.46 billion in the year ending 30 June, driven by market share gains in the US, Europe, Australia/New Zealand and Asia.Underlying earnings rose 20 per cent to $150.1 million – the top end of CTM’s guidance – while net profit grew to $86.2 million.The company saw particularly strong earnings growth in Asia, partly thanks to the acquisition of Hong Kong-based Lotus Travel Group Limited.

Spotlight

The locals in Fiji have a saying, “Bulla,” which means “life” and “good health.” You’ll hear it used frequently as a greeting when you arrive at the 330-strong islands that comprise this archipelago. You may even find yourself saying it before long!

Spotlight

The locals in Fiji have a saying, “Bulla,” which means “life” and “good health.” You’ll hear it used frequently as a greeting when you arrive at the 330-strong islands that comprise this archipelago. You may even find yourself saying it before long!

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AIRLINES AND AIRPORTS

Privé Jets takes the World Travel Awards’ Leading Private Jet Charter Awards

Prive Jets | September 05, 2022

The World Travel Awards has declared Privé Jets as “North America’s Leading Private Jet Charter”as well as “Caribbean's Leading Private Jet Charter” provider at the 29th annual World Travel Awards Gala Ceremony which took place on Wednesday 31st August 2022 at Sandals Montego Bay in Jamaica. The award show celebrates the commitment to excellence from key players in the travel, tourism, and hospitality industries. The World Travel Awards is considered to be the region’s most prestigious travel and tourism event of the year, bringing together all key sectors of the travel, tourism, and hospitality industries to reward and celebrate the excellence of key players in the Caribbean & North American markets. In previous years, Privé Jets has also won the “Leading Private Jet Charter” in other regions such as South America, continuously making its mark as one of the most recognized private jet charter providers in the world. “We have worked daily to build Privé Jets with a logistics and operations team that is second to none. Our commitment to always improve our client experience is paying off as win-win situations don’t come along often, especially in today’s competitive private aviation climate,” -Andres Arboleda. Privé Jets COO. About Privé Jets Founded in 2007, Privé Jets has been a leading private air charter broker with access to over 7,000 aircraft worldwide. The company’s mission is to always put its client’s safety, time, and convenience at the core of everything they do. Privé Jets currently serves clients on all continents and schedules flights monthly in over 50 countries. For more information about Privé Jets visit http://www.privejets.com About World Travel Awards The World Travel Awards was established in 1993 to acknowledge, reward, and celebrate excellence across all key sectors of the travel, tourism, and hospitality industries. Today, the World Travel Awards brand is recognized globally as the ultimate hallmark of industry excellence. Each year, World Travel Awards covers the globe with a series of regional gala ceremonies staged to recognize and celebrate individual and collective success within each key geographical region. For more information about WTA visit http://www.worldtravelawards.com

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TRAVEL TECHNOLOGY

Posadas and Sabre will collaborate to boost the distribution strategy of the hotel operator

Posadas | July 15, 2022

Sabre Corporation (NASDAQ: SABR), a leading provider of software and technology powering the global travel industry, announced a new distribution agreement with Posadas, Mexico's leading hotel operator, which will help accelerate its growth plans and drive higher revenue through Sabre's SynXis Central Reservations (CR) platform. The agreement will allow the hotel operator to put its inventory in front of hundreds of thousands of travel agents globally across all major global distribution systems (GDS) through Sabre Hospitality's innovative SynXis CR. This platform offers specific functionalities and capabilities that help drive higher revenue and streamline internal processes, improving efficiency. "Sabre is an important travel technology company in the world and with leadership in Mexico that offers a comprehensive distribution platform for the different sales channels including the Global Distribution Systems (GDS), Our partnership with Sabre includes replacing our current GDS connectivity technology with SynXis." -José Jaime Lorenzo, director of Revenue Management, Technology and Distribution, Posadas. Sabre also continues to support Posadas' GDS marketing, helping to position its hotels under the Live Aqua, Grand Fiesta Americana, Curamoria Collection, Fiesta Americana, The Explorean, IOH, Fiesta Inn, Gamma and one brands through Sabre's Sponsored Property and Promospot campaigns. "We are delighted to support Posadas' distribution strategy with the implementation of SynXis CR. To successfully compete and drive incremental revenue opportunities, it is essential that hoteliers equip themselves with the right technology tools to put their offerings in front of global markets, We are excited to enable Posadas to capture and create future travel demand in a key market like Mexico and beyond." -Frank Trampert, senior vice president and global general manager, Community Sales, Sabre Hospitality. Available in eight languages, SynXis CR enables a single system of record that can help implement hoteliers' distribution strategy, reaching the industry's broadest distribution points and supporting their business goals. Hotel owners and managers can enter and maintain their own property information, including rates, photos, inventory and policies, as well as view booking data and reports through the SynXis online portal, where they can access various marketing tools. About Sabre Corporation Sabre Corporation is a leading software and technology company that powers the global travel industry, serving a wide range of travel companies, including airlines, hoteliers, travel agencies and other suppliers. The company offers sales, distribution and fulfillment solutions that help its customers operate more efficiently, generate revenue and deliver personalized experiences to travelers. Through its leading travel marketplace, Sabre connects travel providers with buyers around the world. Sabre's technology platform manages more than $260 billion in global travel expenses annually. Headquartered in Southlake, Texas, USA, Sabre serves customers in more than 160 countries around the world. For more information, visit www.sabre.com. About Posadas Posadas is the leading hotel operator in Mexico that owns, leases and manages 185 hotels and 28,690 rooms, with a presence in the most important and visited beach and city destinations in Mexico and the Dominican Republic. Its hotels located in city destinations represent 87% of the total rooms it has and in beach destinations 13%. Posadas operates the Live Aqua Beach Resort, Live Aqua Urban Resort, Live Aqua Boutique Resort, Grand Fiesta Americana, Curamoria Collection, Fiesta Americana, The Explorean, IOH, Fiesta Inn, Gamma and one brands, as well as the Live Aqua Residence Club and Fiesta Americana Vacation Club vacation programs. Posadas has been listed on the Mexican Stock Exchange (BMV) since 1992. For more information, visit: www.posadas.com

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TRAVEL TECHNOLOGY

GigNet Announces Agreement with Palladium Hotel Group to Provide Advanced Broadband to Grand Palladium Costa Mujeres Resort and Spa

GigNet | August 25, 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 is providing broadband for fast, and reliable Internet to the Grand Palladium Resort and Spa. Costa Mujeres is a fast-growing resort development area approximately ten miles north of central Cancun and features large scale resorts, golf courses, and some of the best beaches in the region. Grand Palladium Costa Mujeres is an all-inclusive luxury resort featuring six buildings with 1146 rooms that make up Grand Palladium Costa Mujeres and TRS Coral, four pool areas, thirty restaurants and bars, a beach club, luxury spa, retail shops, convention center, and a Rafa Nadal Tennis Center. According to Mexico News Daily, the Grand Palladium, its 473-room sister property TRS Coral, and other future developments represent over US$750 million in planned investment in Costa Mujeres by Palladium Group. Mark Carney, OBE and President of GigNet Mexico, stated, “We extended our fiber-optic network to Costa Mujeres because we recognized this would be a major growth area for the Cancun tourism market. We are excited to begin our relationship with Palladium Hotel Group by bringing the best broadband in Quintana Roo to this magnificent resort. Palladium has a reputation for working only with best-in-class partners, and we know it is critical for mega resorts to have reliable fiber-optic connectivity, backed by service level guarantees that only GigNet can offer. We appreciate the trust that Palladium is placing with GigNet and are excited to be part of the future of Palladium Hotel Group and Costa Mujeres.” ABOUT PALLADIUM HOTEL GROUP The Palladium Hotel Group hotel chain was founded in the late 1960s in Ibiza by Abel Matutes Juan, who dreamed of bringing paradise within the reach of travelers and offering them amazing experiences. He took his first steps in the Balearic Islands and the Canary Islands, and in the early 1990s he continued expansion by opening several resorts in the Caribbean and other top world destinations including Mexico, Dominican Republic, Spain, Italy, Jamaica, and Brazil. In 2000, these hotels were combined under the name Fiesta Hotel Group and in 2012 the group became Palladium Hotel Group, taking its name from its five-star Caribbean resorts. Palladium continues to set industry standards based on a commitment to guest satisfaction and a priority for developing the group’s human capital. https://www.palladiumhotelgroup.com/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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