EbixCash buys corporate travel business of Cox & Kings

Travel Daily Media | October 03, 2019

EbixCash has acquired the corporate travel business from Cox & Kings for an undisclosed amount. This is its second acquisition in recent months, after its purchase of Yatra.com. The company said it has signed a deal with Cox & Kings to transfer its business travel agreements to the EbixCash’s Mercury Travel division. “Under the agreement, key employees of Cox & Kings will be transferred to the EbixCash payroll, with immediate effect. This transfer agreement is part of EbixCash’s efforts to double its revenues from the corporate travel sector by the end of this financial year, from the previous year,” said EbixCash.

Spotlight

In one of our earlier posts, we threw some light on the key mobile trends that are shaping the world of travel and how mobile technologies are fundamentally changing traveller behaviour.The growth of Smartphones and the App economy has been the biggest disruptive change in travel since the internet.

Spotlight

In one of our earlier posts, we threw some light on the key mobile trends that are shaping the world of travel and how mobile technologies are fundamentally changing traveller behaviour.The growth of Smartphones and the App economy has been the biggest disruptive change in travel since the internet.

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DESTINATION AND TOURISM

Leisure Demand Continues to Drive Hyatt’s Brand Growth in Europe

Hyatt Hotels Corporation | September 07, 2021

Hyatt Hotels Corporation announced that a Hyatt affiliate has entered into six new management and franchise agreements for hotels in Europe across The Unbound Collection by Hyatt, JdV by Hyatt, Hyatt Centric, and Hyatt Regency brands, further emphasizing a growing desire from travelers, World of Hyatt members, and owners for hotels that offer unique, differentiated experiences and foster genuine connections with people and cultures. This announcement builds on Hyatt’s growth strategy to significantly expand its brand portfolio in Europe by the end of 2023 – the six new executed agreements are expected to increase Hyatt’s brand presence in France, Germany, Italy, Spain, and Switzerland. This is in addition to the recently announced planned acquisition of Apple Leisure Group (ALG), which is expected to expand Hyatt’s European brand footprint by 60 percent. “The newly executed agreements highlight the positive strides we are making towards our growth strategy in Europe, and the new projects sit alongside a strong pipeline of Hyatt-branded hotels scheduled to open over the coming years,” said Felicity Black-Roberts, Hyatt’s vice president development, Europe. “Confidence in the hospitality sector remains high among investors, and we are delighted to collaborate with leading owners and operators who recognize the value and profitability of Hyatt’s entire brand portfolio, with an emphasis on Hyatt’s independent collections, including The Unbound Collection by Hyatt and JdV by Hyatt brands, and lifestyle brands, including Hyatt Centric. With these new deals, we are asserting our expertise in leisure destinations, reinforcing that Hyatt’s brands continue to resonate and cater to leisure travelers.” The Unbound Collection by Hyatt The Unbound Collection by Hyatt hotel in Crans-Montana, Switzerland The luxurious boutique hotel Rhodania in the Swiss Alps is expected to join The Unbound Collection by Hyatt in 2023. The 41-room hotel is currently located right on the third tee of the famous Severiano Ballesteros golf course, approximately 4,900 feet (1,500 meters) above sea level in one of the most prestigious and well-established year-round mountain destinations in Switzerland. ll Tornabuoni Hotel in Florence, Italy A Hyatt affiliate has entered into a franchise agreement with AG Group for Il Tornabuoni Hotel in Florence, which will join The Unbound Collection by Hyatt brand. The luxury boutique 62-room hotel is expected to open in October 2021 and will be the first Hyatt-branded property in Florence. JdV by Hyatt The Tribune Hotel in Rome, Italy The Tribune Hotel, which is expected to join the JdV by Hyatt brand, will mark a significant and long-awaited milestone in Hyatt’s growth strategy: the introduction of the Hyatt brand to Rome. A JdV by Hyatt hotel in Bordeaux, France Driving further momentum within Hyatt’s independent collections portfolio, the JdV by Hyatt brand is expected to debut its first hotel in Bordeaux, France, a city rich in architectural and cultural heritage with highlights including its famous harbor, Port de la Lune, a UNESCO World Heritage Site. Hyatt Centric Hyatt Centric Altstadt Hamburg in Hamburg, Germany The Hyatt Centric brand will debut in Germany under a franchise agreement between a Hyatt affiliate and SV Hotel AG. Hyatt Centric Altstadt Hamburg will be located on Moenckebergstrasse, one of Hamburg’s most vibrant shopping streets. As a brand synonymous with adventure and being in the center of the action, the Hyatt Centric brand is a perfect addition to this vibrant location. Hyatt Regency Hyatt Regency Madrid Residences in Madrid, Spain Hyatt Regency Hesperia Madrid will expand on its current hotel accommodations to include a residential component – Hyatt Regency Madrid Residences. With 22 premium apartments, the new complex will be located at Paseo de la Castellana, in the heart of the financial center of the capital and in close proximity to many international businesses, diplomatic offices and embassies. Recent Hyatt hotel openings across Europe include: Hyatt Place Ekaterinburg in Ekaterinburg, Russia Hyatt Place London City East in London, United Kingdom 7Pines Resort Ibiza, part of the Destination by Hyatt brand, in Ibiza, Spain Hyatt Regency Zurich Airport The Circle in Zurich, Switzerland Hôtel du Palais Biarritz, re-opened as part of The Unbound by Hyatt Collection brand, in Biarritz, France Three Story Hotels in Sweden, which joined the JdV by Hyatt brand, including Story Hotel Riddargatan and Story Hotel Signalfabriken Stockholm and Story Hotel Studio Malmö in Malmö About Hyatt Hotels Corporation Hyatt Hotels Corporation, headquartered in Chicago, is a leading global hospitality company offering 20 premier brands. As of June 30, 2021, the Company's portfolio included more than 1,000 hotel and all-inclusive properties in 68 countries across six continents. The Company's purpose to care for people so they can be their best informs its business decisions and growth strategy and is intended to attract and retain top employees, build relationships with guests and create value for shareholders. About AG Group AG Group is Italy’s first Italian-owned hospitality group capable of providing all aspects of demand for tourism in-house with boutique hotels, DMC/ tour operator & event management, hotel consultancy, culinary outlets and retirement homes. Alboran Hotels and Hospitality Alboran is an active owner of hotel properties with in-depth hotel knowledge and experience of all operating models. Founded in 2016, Alboran’s business concept stands for two main skills, real estate and hotel operations with a focus on sizeable hotels in key leisure and corporate destinations. About SV Group SV Hotel is part of the hospitality and hotel management group SV Group, headquartered in Dübendorf near Zurich. As a franchisee, SV Hotel operates hotels of the Marriott brands Courtyard, Residence Inn, Renaissance and Moxy in Switzerland and Germany. About Hesperia Hotels & Resorts Hesperia Hotels & Resorts is one of Spain’s leading hotel groups, with an established presence in urban and leisure destinations. It is one of the companies with the most experience and knowledge of the industry, having been in operation for more than 20 years

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TRAVEL TECHNOLOGY

Onriva Delivers Reimagined Experience As Companies Get Back on the Road

Onriva | February 01, 2022

Onriva, the next-generation travel marketplace platform that launched in September 2021, announced significant product enhancements as it disrupts the 50-year-old status quo of the business travel experience. Onriva's patented technology, combined with unparalleled supplier participation, can identify the best rates and gather inventory from a vast array of sources. The recent enhancements include a soon-to-be released revolutionary new approach to corporate travel policy delivery as well as several strategic supplier partnerships that bring significant new benefits to customers. These enhancements further support the needs of business travelers planning to get back on the road in early 2022 as Onriva's platform is built for an ideal experience of business travel that benefits both suppliers and consumers. "The world has changed, and as a company we believe that our expectations of travel should too – which is why we're committed to building and becoming the 'one' true platform for business travel. The series of updates we've made to the Onriva marketplace over the last few months continue to bring our clients a completely reimagined travel planning and booking experience that leverages our patented AI travel algorithms and personalized customer care," -Vajid Jafri, Onriva Founder and CEO. Partnering with more than 3,500 small and medium-sized companies that represent more than $3 billion in travel purchasing volume across a wide range of industries, Onriva is positioned to be a key player and influence to the industry at large as business travel comes back into the fold in 2022. This innovative tech-driven platform that can adapt and perform seamlessly is designed to make post-pandemic travel more purposeful and efficient for the individual traveler and businesses alike. Onriva brings a true marketplace of abundance to its customers," said Mike Remedios, Chief Technology Officer, who previously held positions as the chief technology officer for Lastminute.com, Expedia and eBay. "We believe that when suppliers can fully merchandise their offerings in a robust marketplace both customers and suppliers alike can benefit. Expertise Behind the Scenes With more than 25 years of experience in the travel industry, Founder and CEO Vajid Jafri saw the opportunity to create something truly innovative. With the launch of several successful travel and travel technology companies under his belt, Jafri turned idea into reality together with not only leaders from across the travel industry who knew and understood the current pain points but also those with deep innovation and AI technology platform expertise. Travel industry veterans, George Corbin (Chief Operating Officer), who led the effort to take the Marriott e-commerce business to $14 billion in sales, Ben Parodi (Executive Vice President of Sales) who is a former American Express Global Business Travel and BCD Travel senior sales executive, and Mike McCormick (Executive Vice President of Business Development), former Global Business Travel Association executive director and Cendant senior leader, have all been integral to the company's success in securing customer support, supplier and partner buy-in from key industry players. Guidance from the Board of Directors - whose members include former CEO and President of ARC, Mike Premo, who was just inducted into the Business Travel Hall of Fame, former Marriott head of global distribution Shafiq Khan; and Dan Charron, chairman of merchant global services for Fiserv's First Data – delivers exceptional strategic insight to team members, shareholders and partners alike. Key Partnerships Make it Possible A marketplace is only as good as the suppliers that participate in it and Onriva secured unprecedented supplier buy-in early on. As a one-stop-shop for business travel, Onriva boasts participation from the widest range of airline, hotel, ground supplier partners as well as selected travel agency, consortium and intermediary partners that all benefit from fully integrated participation in Onriva's only true travel marketplace. About Onriva Onriva is a one-of-a-kind travel marketplace that brings together the entire business travel ecosystem. Launched in 2021, the company touts an impressive line-up of industry elite board members and executive leaders that have enabled the company to emerge onto the scene with more than 3,500 small and medium-sized companies onboard that represent more than $3 billion in travel purchasing volume.To learn more about the Onriva travel marketplace visit Onriva.com

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TRAVEL TECHNOLOGY

Sherpa, a Travel Tech Company, has Launched an Interactive Travel Reopening Map, with American Airlines as the First Partner

Sherpa | April 12, 2021

Sherpa, a leading travel technology provider, has expanded its product range with the Travel Reopening Map, which helps people get back into travel. Travel providers and customers are ready to get back on the road, but due to the rapid speed of change in travel laws, what was once simple has become complicated. Partners such as airlines, online travel agents, and cruise lines can use sherpa's map-based UI to help their customers book by allowing them to browse for destinations open to travel as well as COVID-19 testing and quarantine guidelines for both outbound and return routes. The map was launched by American Airlines as the first partner, making it available to millions of AA customers. "International travel is an integral part of our global economy and human experience," said Max Tremaine, CEO of sherpa°. "However, planning travel in the event of a global pandemic is a challenge." "Our goal was to create a digital solution that fills the information gap and provides travelers with the real-time accuracy they need to make informed decisions and travel with confidence. This solution is just one part of a larger plan to ease border crossing by allowing travelers to get all of their requirements, documentation, and visas in one place while booking their travel." The breadth of data is unique to the map; sherpa processes millions of data points from thousands of sources, including governments, airlines, airports, tourism boards, public forums, and media outlets. Other important features include COVID-19 testing sites in-destination and the ability for partners to maximize booking conversions by directing passengers from the map back to their flight destination pages. The map-based UI is easily customizable and can be embedded into partners' websites and apps through embeddable widgets, APIs, or white-label web apps. English, Spanish (South American), French (Canadian), German, Portuguese (Brazilian), Russian, Turkish, and Latvian are among the languages supported, with more on the way. About Sherpa Sherpa is the leading provider of travel identification requirements for the travel industry, founded in 2015 by Max Tremaine and Ivan Sharko. Sherpa's mission is to provide every traveler with the information and documentation they need to cross borders confidently and securely. Sherpa, headquartered in Toronto, Canada, is trusted by over 50 of the world's largest and most well-known travel brands, including American Airlines, TripActions, Icelandair, LATAM, Flynas, and CWT. True Ventures, Narrative Fund, Relay Ventures, Globalive Capital, N49P, TSVC, Golden Ventures, Plug and Play Ventures, Stuart MacDonald, and LP Maurice are among the investors in sherpa°.

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