Digital identity solution Airside gets strategic investment from Amadeus Ventures

PhocusWire | March 05, 2020

Digital identity solution Airside gets strategic investment from Amadeus Ventures
For its first investment of 2020, Amadeus Ventures is backing mobile identity solution Airside for an undisclosed amount. The Washington, D.C.-based startup previously raised $8 million. Airside allows United States citizens and Canadian visitors to expedite and securely pass through U.S. Customs with a mobile passport app. Instead of using paper documents, travelers can submit passport and customs declaration forms to the app to access the faster security lines in the airport. The platform, which is authorized by the U.S. Department of Homeland Security, simplifies and speeds up the customs experience.

Spotlight

As we hit the heart of summer, what should travel and hospitality brands be thinking about? Which domestic and international spots are people heading to this year? How are vacationers getting to their destinations? Is spend on the rise? How are digital devices changing the travel experience?To find out, we studied recent data from a range of different sources. Check out MDG Advertising’s latest infographic, 9 Hot Summer Travel Trends for 2019, to see what we discovered.

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HOSPITALITY TRENDS

Certares Acquires The Embassy Suites Atlanta Midtown In Partnership With Highlands Investments And Monomoy Property Ventures

Certares | October 26, 2021

Certares Management LLC a leading investment specialist dedicated to the travel, tourism and hospitality sectors (together with its affiliates, "Certares"), in partnership with Highlands Investments LLC ("Highlands") and Monomoy Property Ventures LLC ("MPV"), today announced the acquisition of the 181 key, new-build Embassy Suites Atlanta Midtown located at 290 17th Street NW in Midtown Atlanta, Georgia. The deal also included the acquisition of an adjacent land parcel and an income-producing parking component.Located in the Atlantic Station area of Midtown, the all-suites property features a lobby bar, restaurant, large fitness area and pool, along with 2,600 square feet of meeting space. The rooms average approximately 500 square feet, and each has a private kitchenette and separate living room area. The hotel sits adjacent to Microsoft's new eastern U.S. headquarters and near Georgia Tech's main Atlanta campus. HEI Hotels & Resorts ("HEI"), a leading hospitality management company that owns and/or operates 84 hotels and resorts throughout the United States, has been selected to operate the property. "We are thrilled to acquire this brand-new asset in the heart of Atlantic Station. Midtown Atlanta is the city's preeminent submarket for technology and healthcare talent recruitment and is seeing an array of corporate relocations and expansions. We look forward to working closely with Highlands, MPV and HEI to ensure the property delivers a great experience to its guests." -Nolan Hecht, Senior Managing Director & Head of Real Estate at Certares Jordan Kary, Founder and Principal of Highlands, added, "We are big believers in both Atlanta and, more specifically, the Midtown Atlanta submarket, and we are excited to acquire this high-quality hotel together with Certares, MPV and HEI. The property's location together with its all-suites rooms and amenity offerings makes the asset well-positioned for outsized growth. We look forward to continuing to identify opportunities to acquire great pieces of real estate at attractive values and working to ensure best-in-class operations and oversight." "High-quality real estate structured off-market from a motivated seller, in an excellent location within a growth MSA, the Embassy Suites Atlanta Midtown is illustrative of the types of investments MPV is successfully targeting as we establish our business,We look forward to building on a close relationship with Certares, Highlands, HEI and Hilton as we execute on our business plan at this asset, and to participating in the substantial ongoing growth in the midtown Atlanta business community." -Kevin Vaughan, Founder of MPV. About Certares Management LLC 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 www.certares.com. About Highlands Investments LLC Founded in 2020, Highlands Investments LLC is a New York-based real estate investment and asset management company that employs a value approach to investing and targets select product types and geographic regions across the United States and Canada. Prompted by the shifting dynamics in the global real estate industry, the company's primary objectives include sourcing and negotiating target driven acquisition opportunities and managing investments throughout their lifecycle. Highlands focuses on identifying opportunistic acquisitions at attractive values with the potential to enhance returns at the asset level through operational improvements and through long-term economic recovery. To learn more, visit https://www.highlandsinv.com/. About Monomoy Property Ventures LLC Monomoy Property Ventures (MPV) is a New York-based real estate investment, development and management firm with an extensive track record sourcing, acquiring and redeveloping lodging assets. MPV purchases land parcels and existing buildings in enduring, high-barrier locations in select resort and urban markets in the United States. Through physical and operational repositioning or ground-up construction, MPV seeks to improve buildings, destinations, neighborhoods and the built environment while providing attractive financial returns to our company and investment partners. Through current and prior ventures, Principals of MPV have executed on over $1.4 billion of lodging investments across 23 hotels. For further information, please visit www.MonomoyPropertyVentures.com. About HEI Hotels & Resorts HEI Hotels & Resorts, headquartered in Norwalk, Conn., is a leading hospitality investment and management company that owns and/or operates over 80 luxury, upper-upscale and upscale independent and branded hotels and resorts throughout the United States. HEI's branding partners include Marriott, Hilton, Hyatt, IHG and Accor. Taking a holistic approach to creating value for its investors and employees, HEI sets the highest standards across all aspects of hotel management and operation and focuses on central principles of excellence and continuous improvement. HEI prides itself on some of the highest employee satisfaction scores in the hospitality industry, fuels local economic prosperity by investing in communities and is committed to environmental stewardship and sustainability. To learn more about HEI, please visit www.heihotels.com

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TCS World Travel Launches Private Jet Vacations on Demand

TCS World Travel | July 17, 2020

As we enter a new age of travel during the COVID-19 pandemic, it comes as no surprise that private accommodations and private jet journeys are rising in popularity. It is, therefore, timely that TCS World Travel is stepping in with a new line of private jet vacations. TCS World Travel is one of the leading private jet tour operators and it is now debuting 11 new tailored itineraries for families and friends to explore in North America.

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TRAVEL TECHNOLOGY

Airbnb Introduces Flexible Search a New Kind of Travel Post-COVID with Flexible Search

Airbnb | February 25, 2021

Since going public, most of the news out of Airbnb has been around policy. Today, the organization has an announcement that is about the product. As the pandemic evolves the way we do everything, and we collectively realize that quite a bit of that new behavior will be permanent, tech companies are looking to evolve alongside us. Airbnb is today introducing Flexible Search, which will allow users to forgo putting in exact dates when they look to book lodging on the platform. Instead, users can search for a weekend getaway, week-long vacation, month-long vacation or months-long vacation without setting specific dates. Not only does this give guests more options to browse, but it should also increase exposure for hosts. “It’s no surprise COVID-19 continues to change the way we travel, and in addition to redesigning our platform last year to make nearby and longer-term stays easier to find and book, our new Flexible Dates feature aligns with a broader shift in how people will travel in the future. The traditional travel industry was built around fixed destinations with fixed dates in mind, but that model no longer meets the needs of today’s travelers.”

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Spotlight

As we hit the heart of summer, what should travel and hospitality brands be thinking about? Which domestic and international spots are people heading to this year? How are vacationers getting to their destinations? Is spend on the rise? How are digital devices changing the travel experience?To find out, we studied recent data from a range of different sources. Check out MDG Advertising’s latest infographic, 9 Hot Summer Travel Trends for 2019, to see what we discovered.