Egypt set for 2020 tourism promotion campaign in India, China, Latin America

Travel and Tour World | April 24, 2019

Egypt’s Tourism Promotion Authority announced their tourist winter plan for 2020 which would include Indian, Chinese and Latin American countries.Chairman of the Authority Ahmed Youssef said that the authority also seeks to broadly promote Egypt’s tourism by launching a campaign in European countries, one of the largest markets worldwide.He went on saying that the plan is focused on the rich diversity of tourist sites in Egypt along with the engaging activities.A promotional campaign will be launched by the authority in the Gulf Corporation Countries in May during the Arab Tourism Market in United Arab Emirates.The Arab youth in the Gulf Market will be largely targeted by the campaign.

Spotlight

Need a tropical getaway? A warm vacation? The Caribbean and North Atlantic is for you. Today we’ll be counting down our picks for the Top 10 Caribbean and North Atlantic Islands to Visit in 2019.

Spotlight

Need a tropical getaway? A warm vacation? The Caribbean and North Atlantic is for you. Today we’ll be counting down our picks for the Top 10 Caribbean and North Atlantic Islands to Visit in 2019.

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TRAVEL TECHNOLOGY

Affirm and Agoda Enter Partnership

Agoda | June 14, 2022

On June 13, payment network Affirm announced a partnership with global travel platform Agoda. Agoda is part of Booking Holdings, the world’s leading online travel and related services provider. This partnership allows eligible travelers to book their hotel stays for upcoming trips across the Agoda platform via app and web. In addition, they can pay over time for bookings exceeding $50. When travelers choose Affirm as a checkout action on Agoda, those eligible can split the total cost of their purchases into either biweekly or monthly payments for as low as 0% APR. Travelers get to see the total cost of their purchase at the time and never have to pay more than the agreed amount upfront. Agoda has integrated Affirm’s Adaptive Checkout to offer customers various payment options to choose from based on their budget and preferences. Eligible travelers also have an option to pay four interest-free biweekly payments and monthly payment options. “We are always looking for innovative ways to help more people access travel, using tech to simplify the search, booking and payment processes,The launch of pay-over-time options with Affirm will enable travelers in North America who might have previously found it inconvenient to pay for their booking in one lump sum to spread the costs over multiple payments without incurring any compound interest or additional costs. We’re helping consumers get back out into the world of travel – on their own terms.” -Agoda’s Chief Financial Officer Thi-Mai-Linh Bui. According to a recent Affirm Consumer Spend Report, 80% of consumers agree that 2022 will be the year they splurge on a bucket-list trip and nearly 30% plan to pay for travel expenses over time instead of all at once, said Affirm’s Chief Revenue Officer Geoff Kott. “Our partnership with Agoda gives more travelers a budget-friendly way to pay for their next milestone vacation so they can travel without concern for late or hidden fees.

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AIRLINES AND AIRPORTS

Decline in business travel could be permanent, analyst Beroe finds

Raleigh-Durham Airport Authority | August 10, 2021

Corporate business travel on airlines is expected to shrink by as much as 19 percent, and that decline could become permanent, an analysis from Raleigh-headquartered Beroe, Inc. found. “When travel restrictions were imposed worldwide, businesses replaced direct meetings with virtual ones to contain the pandemic’s spread. Many businesses adapted to virtual meetings and have realized that not all meetings must be in-person. Businesses have also realized huge cost savings on air travel spend,” said Anusree Mohan, senior analyst at Beroe, in a statement. “In the future, airline travel will be a more mindful and thought-out way of traveling, allowing employees to have a better life balance and employers to have a better return on investment.” Prior to the onset of the global coronavirus pandemic, business travelers represented about half of airline revenue, or about 1.7% of total global GDP, according to Beroe. But with businesses seeking cost-saving measures, and integrating virtual meeting tools to conduct meetings, Beroe analysts are predicting short- and long-term effects on air travel. “Businesses have suffered around the world in this pandemic. Thus, cost-cutting will remain their prime focus at least for the coming few years. And this will mean fewer corporate air travels,” said Anusree Mohan, Senior Analyst at Beroe. “Employee travel rate will decrease as corporate customers will remain concerned about health and safety.” At Raleigh-Durham Airport (RDU), air traffic consisted of about 50% leisure and 50% business travel, spokesperson Stephanie Hawco told WRAL TechWire. “The leisure market is recovering faster than the business market,” said Hawco. “Our current mix is about 65% leisure and 35% business.” At the onset of the global coronavirus pandemic, and soon after, a dramatic reduction in air travel occurred at RDU, Hawco told WRAL TechWire in March. Compared to 2019, when about 14 million passengers traveled through the airport, 5 million traveled through the airport in 2020, Hawco noted. Air travel through RDU is steadily increasing, Hawco said. The latest available data, from June 2021, released by the Raleigh-Durham Airport Authority, showed that June travel set a new passenger traffic peak since the onset of the pandemic in 2020. The airport saw more than 887,000 guests pass through the airport in June, nearly a 15 percent increase over May traffic levels.

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TRAVEL TECHNOLOGY

Otium Technologies Launches, Bringing Innovation to the Travel and Tourism Industry

Otium Technologies | October 23, 2021

Otium Technologies is proud to announce its launch, which will bring blockchain to the travel and tourism industry. The company's mission is to revolutionize the traditional travel and tourism industry.In a bid to revolutionize the travel and tourism industry after the monumental impact caused by COVID-19, the team at Otium Technologies is pleased to announce the introduction of its project and service offerings to the leisure industry. Otium Technologies uses blockchain technology to proffer solutions to the wide range of challenges and problems bedevilling the industry. The impact of the pandemic caused businesses to shut down, companies laid off their employees, revenue sources were affected, and a lot of damages. But Otium Technologies has the magic finger to rejig any business that was affected by the pandemic and subsequent lockdown imposed by different levels of governments. What Is Otium Technologies Spanish company that develops Blockchain-based solutions for the leisure and tourism sector. Strengths: Pioneers in the vacation leisure industry Senior team of industry experts Well connected with major tourism companies Problems It Solves Inspired by the concept of Socios.com, we will provide large companies in the sector with a tool to capitalize through their own token while interacting and building customer loyalty in a new way, while the user will have the possibility to feel part of their favorite brand, using their loyalty tokens in a practical and simple way, either by voting, investing or using them on the brand's products. A tool that brings benefits to both outlets and users. It shortens waiting times, optimizes processes, allows people to use crypto to pay and we add special features to make it go viral (such as sharing the address of their table and receiving paid beers from their colleagues!).Defi is here to stay and we want to be the bank of the future for the tourist, with Staking products redeemable for paid vacations and many other option. It is a deflationary token that helps its value to increase Just by tokenizing them in their wallet, their Otiums grow with each sale and for monthly tokenizers, an extra % of Otium will be distributed during the first year.People will be able to use them to pay in the F&B app and get discounts.As a holder people will be able to access the pre-sales of tokens of hotel chains and large tourism companies. The company'sconsulting company will receive Otiums as a form of payment to encourage the purchase of Otiums. Faces Behind Otium Technologies parades a team of credible and knowledgeable experts who are well-versed in travel and tourism, blockchain technology, and digital marketing. The team is led by Yan Garayalde, who happens to be the CEO & Founder of the project. He is ably assisted by Rafael Camps, who serves as the COO and CoFounder of the project. Also on the team is Marco Taboas, who serves as a partner and Fernando Pareja, who is the Legal Adviser, offering useful legal guidance to comply with laid down rules and regulations. The team also includes Luca Longo and Benjamin Robles Pomar, who serves as the project designer and developer respectively. About Otium Technologies Otium Technologies brings blockchain to the travel and tourism industry. The project uses the best available technology, apps, and DApps to revolutionize the leisure Industry. Having experienced the COVID-19 crisis which wreaked havoc on the global economy, particularly the travel and tourism industry, Otium is committed to collaborate faithfully, adapt technological innovations, and leave no stone unturned to ensure that the industry jerks back to life. Otium is also committed to prepare the industry for new challenges and trends to come in the future. To achieve this mission, Otium parades a team of highly intellectual personalities and experts in their various fields of endeavors for the tasks ahead. The team at Otium Technologies is ever-ready to collaborate with users, tourist destinations, and companies to advance the frontiers of the industry. The company's focus is to research and develop different solutions using powerful tools like blockchain technology.

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