During Easter, Croatia tourism went up to 80%!

Travel and Tour World | April 25, 2019

As per figures from the eVisitor system, from Good Friday, 19th April to Easter Monday, 22nd April, a total of 179,513 tourists were in Croatia, the Croatian Tourist Board (HTZ) declared today.There were around 566,687 overnight stays recorded at the Easter holiday period in Croatia.This Easter long weekend experienced 80% more arrivals in Croatia and 90% more overnight stays than last year. Visitors from Germany recorded the maximum overnight stays (124,229), followed by guests from Italy (58,205), Austria (48,975) and Slovenia (33,136).

Spotlight

It’s 2014. Is your company making the most of its meetings spend? For many companies, meetings spend is one of their least transparent spend categories. It can represent up to 35% of a company’s total travel budget (in some industries, like the pharmaceutical and financial sectors, that percentage can go even higher).1 But meetings spend is often fragmented and hidden, and the task of uncovering and piecing it together can seem daunting.

Spotlight

It’s 2014. Is your company making the most of its meetings spend? For many companies, meetings spend is one of their least transparent spend categories. It can represent up to 35% of a company’s total travel budget (in some industries, like the pharmaceutical and financial sectors, that percentage can go even higher).1 But meetings spend is often fragmented and hidden, and the task of uncovering and piecing it together can seem daunting.

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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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Hawaii Preparing for Influx of Visitors When Restrictions Are Lifted

The Maui News | October 04, 2020

Hawaii is anticipating up to 8,000 tourists a day to head to the Islands when the state’s travel restrictions are lifted later this month, Lt. Gov. Josh Green said. Hawaii is rescinding its mandatory 14-day quarantine for all visitors on Oct. 15 and will institute a pre-travel testing program for the coronavirus. Tourists who arrive with a negative test will not have to quarantine, according to The Maui News.

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BUSINESS TRAVEL

Tripism and BCD Travel Collaborate to Replace the Corporate Travel Intranet

Tripism, BCD Travel | May 26, 2021

Tripism, a leading business travel planning platform provider, today announced a collaboration with BCD Travel, one of the world's top corporate travel management companies. Tripism will use BCD Travel's Travel Data API to integrate joint client booking data back into its platform as part of this partnership. Tripism can identify when a traveler is returning from a trip using this trip data from BCD Travel, triggering a communication at the ideal moment to request feedback. It is therefore extremely simple for a traveler to share reviews, feedback on Covid-19 safety measures, and other insights to enable better trip planning. As travel returns, this information will be invaluable in rebuilding traveler confidence and building supplier relationships. The complexity and rate of change in the information that travel teams need now communicate to passengers exceed traditional, high-touch approaches. Many organizations try to maintain a travel intranet that can capture and organize the information employees need to travel safely. Tripism's personalized platform effortlessly combines information from multiple sources and presents it appealingly, engaging travelers and ensuring they get the information they need, when they need it. Tripism joined BCD Travel's SolutionSource Marketplace as a result of this new collaboration. The SolutionSource Marketplace allows BCD Travel clients to browse for and select third-party solutions that easily connect to their travel package to fit their corporation's particular needs. “Traveler reassurance is critical as we prepare to return to travel. “The Tripism partnership gives our clients a platform to engage with their travelers and build trust,” said Yannis Karmis, Sr. Vice President, Product Planning & Development at BCD Travel. “As travel increases in 2021, information will be more important than ever, changing on an hourly basis. Tripism combines dynamic, travel-critical data in a simple and relevant manner, allowing our clients and their workers to make informed decisions when planning their trips.” “Tripism and BCD Travel are strong believers in the value that technology can bring to the future of travel management,” said Tripism CEO Adam Kerr. “Through this collaboration, more corporations will have access to all of the trip planning information employees need to safely re-enter the world of business travel, re-establishing travel as a productive, enjoyable, and safe part of working life.”

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