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

Financial information of travelers can be easily misused once they have shared it with a retailer for making an online or walk-in purchase. Stolen personal information and even authentic identity documents can be used for acquiring places to stay during a travelling experience and with stolen financial information, cash back requests become a real headache. Ride-sharing services are also at risk of being exploited by identity thieves in the absence of reliable ID verification for travellers.

Spotlight

Financial information of travelers can be easily misused once they have shared it with a retailer for making an online or walk-in purchase. Stolen personal information and even authentic identity documents can be used for acquiring places to stay during a travelling experience and with stolen financial information, cash back requests become a real headache. Ride-sharing services are also at risk of being exploited by identity thieves in the absence of reliable ID verification for travellers.

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INDUSTRY OUTLOOK

Hotel Payment Software Platform Selfbook Announces a Strategic Investment from Amex Ventures

Selfbook | December 09, 2022

Selfbook, a unique, comprehensive hotel payment software platform bringing direct bookings and modern payment technology to hotels worldwide, announced a strategic investment from Amex Ventures. The investment follows a $40 million Series A and A+ round led by Tiger GlobalThis announcement highlights Selfbook’s continuous growth within the hospitality space. As it continues to broaden its reach in the travel industry, Selfbook looks forward to working with American Express following this investment. Selfbook enables hotels to offer guests a seamless, one-step checkout experience directly on their websites while elevating the user experience and streamlining the payment process for hotels, which can increase conversion and boost revenue. Selfbook also groups multiple services, such as restaurant reservations, spa appointments and activities, into a single payment flow to easily drive upsells. “The American Express brand is synonymous with global travel and payment security, and we are thrilled to have Amex Ventures be part of our investor base, As hotels around the world continue to use Selfbook to offer a guest-first booking experience and secure payments, the investment from American Express will help us deepen our global presence and provide even more effective payment tools for our partners.” -Khalid Meniri, Co-Founder and CEO of Selfbook We are constantly on the lookout for innovative technologies that enhance and elevate the travel and payments experience,” said Margaret Lim, Managing Director of Amex Ventures. “We believe Selfbook is driving hotel bookings and payments into the future with their elegant checkout experience, intuitive user interface, and robust support for modern payment methods preferred by guests through a unified platform that seamlessly integrates with existing hospitality software. About Selfbook Uniquely positioned at the intersection of fintech and hospitality, Selfbook revolutionizes hotel bookings and payments from the inside out. Working in tandem with hotels’ existing technology systems, Selfbook enhances what matters most to hotels, including direct conversion, revenue, cash flow control, and security. Built by a team of hospitality veterans, Selfbook’s products provide a refreshingly effortless user experience for guests and hoteliers alike. Selfbook is committed to empowering hotels worldwide with modern e-commerce solutions tailor-made for our industry.

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DESTINATION AND TOURISM,INDUSTRY OUTLOOK

Turo and KAYAK Launch Winter Travel Hub to Help Travelers Book Their Dream Car This Holiday Season

Turo and KAYAK | December 12, 2022

KAYAK, the world’s leading travel search engine, and Turo, the world’s largest peer-to-peer car sharing marketplace, launched a winter travel hub to bring travelers a personalized car booking solution ahead of the upcoming holiday travel season. Travelers can now browse Turo’s extensive selection of over 1,400 makes and models through an interactive travel quiz and a co-branded social series that helps them determine the perfect vehicle for their holiday getaway.The hub draws inspiration from Turo’s new “Open the door to extraordinary” campaign, featuring visuals that depict the car door as a portal to a different world where you can be your best and boldest self. To help familiarize Kayak users with the convenience and wide range of vehicles available on Turo, the winter travel hub offers an interactive quiz matching travelers with the perfect car and a co-branded social series providing tips and tricks from leading travel social influencers. The new winter travel hub with KAYAK provides guests with an even easier way to browse our incredible selection of thousands of makes and models across 9,500 cities, says Albert Mangahas, Chief Data Officer and Head of Data Insights at Turo. Showcasing our hosts’ listings on KAYAK will drive even more demand to local hosts who are building their car sharing business on our marketplace. Interest in peer to peer car sharing on KAYAK doubled this fall (August-November) compared to what the travel metasearch saw in 2022’s spring and summer (April-July) months. "Peer-to-peer car sharing is an exciting innovation in the mobility space,KAYAK's hub gives travelers a more in-depth look at how car sharing works so they can give it a try.” -Paul Jacobs, General Manager and Vice President of KAYAK North America The winter travel hub launches today, December 9th. The winter hub can be found at https://www.kayak.com/c/turo-hub/, and the Turo ‘Meet Your Match’ quiz can be found at https://www.kayak.com/c/turo-hub/meet-your-match-quiz/. About Turo Turo is the world’s largest car sharing marketplace where guests can book any car they want, wherever they want it, from a vibrant community of trusted hosts. Whether they’re flying in from afar or looking for a car down the street, searching for a rugged truck or something smooth and swanky for a once-in-a-lifetime event, guests can take the wheel of the perfect car for any occasion, while hosts can take the wheel of their futures by sharing their underutilized personal vehicles or building an accessible, flexible, and scalable car sharing business from the ground up. Turo is home to a supportive and collaborative community that shares thousands of vehicles across the United States, Canada, the United Kingdom, Australia, and France. To learn more about Turo, please visit www.turo.com. About KAYAK KAYAK, part of Booking Holdings (NASDAQ: BKNG), is the world's leading travel search engine. With billions of queries across our platforms, we help people find their perfect flight, stay, rental car and vacation packages. We also support business travelers with KAYAK for Business, our free corporate travel solution, and are transforming the in-travel experience with our app and new hotel and accommodation software. For more information, visit www.KAYAK.com

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AIRLINES AND AIRPORTS

Eviation Announces Letter of Intent for the All-Electric Alice from Air New Zealand

Air New Zealand | December 14, 2022

Eviation Aircraft, a manufacturer of all-electric aircraft, announced that Air New Zealand has signed a Letter of Intent (LOI) for up to 23 aircraft as part of its Mission NextGen Aircraft program. The airline is the first national flag carrier to sign a letter of intent to order as part of its ambitious initiative to lead the roll out of zero-emission airplanesThe nine-seater Alice is the first flight-proven all-electric commuter aircraft and promises to usher in a new era of carbon-free, cost-effective and convenient aviation. Alice is powered by two magni650 electric propulsion units developed by magniX, the global industry leader in flight-proven electric propulsion systems. Built from a clean-sheet design, the aircraft costs significantly less to operate per flight hour compared to light jets or high-end turboprops. "Regional flights make up a sizeable proportion of Air New Zealand's routes. The Alice offers an effective way to decarbonize these journeys, revolutionizing air travel and supporting the goals of the Mission NextGen Aircraft program, New Zealand has earned a proud reputation for its progressive attitude and wide-ranging policies towards the climate challenge. The Alice is a beautiful aircraft that will delight airline operators and passengers. Seeing it soar through the skies of New Zealand is a magical prospect, and I pay tribute to Air New Zealand's commitment to innovation and sustainability." -Gregory Davis, President and CEO of Eviation This endorsement from a national flag carrier shows how the Alice has captured the imagination of the marketplace," said Eddie Jaisaree, Vice President, Commercial Sales at Eviation. "New Zealand has just experienced its warmest, wettest winter on record. As the impacts of climate change become more apparent and efforts to regulate aviation's carbon emissions intensify, we are excited for how the Alice will help Air New Zealand to lead the airline industry into a sustainable future. Tackling Climate Change with Innovation Air New Zealand's Mission NextGen Aircraft program was announced last month with the goal of accelerating the adoption of zero-emission aircraft. The airline is aiming to have its first zero emissions flight from 2026. "Mission NextGen Aircraft represents a significant commitment to the development of sustainable aircraft and the supporting infrastructure needed to decarbonize our domestic flights," said Greg Foran, CEO of Air New Zealand. "Eviation's all-electric Alice aircraft is a natural fit for the program with its proven technology that is optimized for short-range flights." About Eviation Aircraft Based in Washington State, Eviation Aircraft Inc. develops and manufactures electric aircraft to delight operators and passengers with green, cost efficient and convenient regional transportation. Its electric propulsion units, high-energy-density batteries, mission-driven energy management, and innovative airframe are designed from the ground up for electric flight. Please visit us at www.eviation.com. About Air New Zealand Air New Zealand's story started in 1940, first taking to the skies between Auckland and Sydney on a flying boat. Known for its warm Kiwi hospitality, today the airline has 98 operating aircraft ranging from Boeing 787-9 Dreamliners and Airbus A320s to ATRs and Q300s. Air New Zealand has a well-connected domestic business, connecting customers and cargo to 20 different regions around New Zealand. Internationally, the airline has direct flights to major cities across Australia, Asia, the Pacific Islands and the U.S., and through its strong relationships with alliance partners, offers customers more choice and convenience to connect further afield to hundreds of destinations. Air New Zealand has a particular focus on sustainability and its Sustainability Framework helps guide the airline's efforts in tackling some of New Zealand's and the world's most complex challenges

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