BUSINESS TRAVEL

Eola, Powering Experience Providers, Generates $2.8 Million in Investment

Eola, Pentech Ventures | April 07, 2021

Eola, the operating system for experience providers, has raised $2.8 million in a fundraising round led by Pentech Ventures, with support from Techstars and other travel and technology business leaders.

Eola delivers cutting-edge operations technology to experience providers in the UK and around the world. Eola provides them with the tools they need to run their entire business, from hiking tours in Scotland to watersports centers in Cornwall to hot air ballooning in New Zealand. The Eola system saves companies time and money by automating booking and payment procedures, making scheduling and resource management simple, and offering features such as memberships and rentals.

During 2020, Eola's revenue increased five times when their client base tripled. During last year's changing conditions, the importance of automated processes, online accessibility, and real-time adaptability became much more evident. Using Eola's proprietary technology, their average partner more than doubled online bookings in 2020 over the previous year. Eola now anticipates much stronger success in 2021, as people are ready to get back outdoors. The new funding will be used to expand the company's technology, team, and commercial footprint.

Eola CEO Callum Hemsley: "  We are pleased to have this group of investors on board for the next step of our expansion. The performance we've had so far is a testament to our team's and customers' tremendous tenacity and resilience. 2020 was a challenging year but seeing how everyone handled it was so inspirational. I'm grateful to be on this path with them all. Now, we're looking forward to assisting more established businesses in growing alongside us.

Sandy McKinnon, Pentech Ventures partner: " The Eola team has created a fantastic operating system for running experience-based businesses. It is impressive that a business will expand during a lockdown in this market, and it speaks to the value they deliver to their clients. We are excited to help them and assist them in expanding even more."

Eamonn Carey, Managing Director of Techstars London: "Building products that people want is the most successful way to build a scalable, category-defining business. That is just what Callum, Dan, and the rest of the Eola team have done. I'm consistently impressed by the reviews and referrals they get from their clients, as well as the positive effect Eola has on their businesses. I know it's happening, and I can't wait to see those clients, as well as millions of others, benefiting from Eola's operating system."

Spotlight

Scientists define time as one of the four dimensions of "space-time," a term used to describe the totality of the universe.  Physicists calculate that subatomic particles travel both forward and backwards in time, but humans experience time in only one direction, past to future (the "Arrow of Time").

Spotlight

Scientists define time as one of the four dimensions of "space-time," a term used to describe the totality of the universe.  Physicists calculate that subatomic particles travel both forward and backwards in time, but humans experience time in only one direction, past to future (the "Arrow of Time").

Related News

AIRLINES AND AIRPORTS

Amadeus and Hawaiian Airlines begin new technology journey with Altéa Passenger Service System agreement

Hawaiian Airlines | December 13, 2021

Amadeus has been selected by Hawaiian Airlines as its next-generation technology partner. Implementation of the Amadeus Altéa PSS suite will begin in Q1 2022 with targeted completion in 2023. Altéa is at the heart of the Amadeus Airline Platform, an open technology platform built for innovation, agile collaboration, and simplified interactions that will equip Hawaiian Airlines with the best technology to deliver superior service to its customers. The airline will join a community of 200+ airlines around the world, shaping its operations and passenger experiences with leading technology from Amadeus. The Hawaiian Airlines and Amadeus partnership will enable Hawaiian Airlines to: Deliver a modern, efficient reservations solution for front-line employees to aid customers in purchasing, changing, and using services from the airline. Provide airport staff with a new, modern user experience to simplify complex tasks, resulting in more time to care for customers. Connect to the Amadeus Payment Platform, allowing the airline to integrate modern payment services to Altéa and provide new payment capabilities for its customers. Equip its teams with modern, seamlessly integrated technology that provides real-time access to data insights. “The past few years have been transformative for Hawaiian Airlines in many ways and have led us on a path to take major steps in preparing for the future,We look forward to this expanded partnership that now includes Altéa PSS, which increases our flexibility to introduce new products and allows us to create a great customer experience.” -John Jacobi, Senior Vice President of Information Technology at Hawaiian Airlines We are excited to welcome Hawaiian Airlines to the Amadeus community. We are confident that our partnership will enrich Hawaiian Airlines’ customer and employee experiences, said Rajiv Rajian, Executive Vice President and Chief Commercial Officer, Americas, Amadeus. “We have built a close working relationship over the past several years, and we are thrilled to begin a new chapter with Hawaiian Airlines. We believe the Amadeus Airline Platform will deliver the technology to enable Hawaiian Airlines to deliver a superior traveler experience. Hawaiian Airlines is an existing user of Departure Control Flight Management, Amadeus’ load planning solution, and as part of this expanded partnership, the airline will implement Amadeus Departure Control Customer Management. Also, to help Hawaiian Airlines continue to be flexible and responsive to health and safety requirements, it will implement Traveler ID for Safe Travel, an Amadeus solution that allows passengers to verify their health documentation directly through the airline app or websites. Additionally, Hawaiian Airlines will be connected to the Amadeus Payment Platform, ensuring they can provide their customers a seamless payment experience. About Hawaiian Airlines Hawaiian® has led all U.S. carriers in on-time performance for each of the past 17 years (2004-2020) as reported by the U.S. Department of Transportation and was named No. 1 U.S. airline by Condé Nast Traveler’s 2021 Readers Choice Awards. Consumer surveys by Travel + Leisure and TripAdvisor have placed Hawaiian among the top of all domestic airlines serving Hawaiʻi.Now in its 93rd year of continuous service, Hawaiian is Hawaiʻi's biggest and longest-serving airline. Hawaiian offers approximately 130 flights within the Hawaiian Islands, daily nonstop flights between Hawaiʻi and 16 U.S. gateway cities – more than any other airline – as well as service connecting Honolulu and American Samoa, Japan, South Korea, Sydney, and Tahiti. As a result of the COVID-19 pandemic, Hawaiian’s Auckland and Brisbane flights remain suspended.The airline is committed to connecting people with aloha by offering complimentary meals for all guests on transpacific routes and the convenience of no change fees on Main Cabin and Premium Cabin seats. HawaiianMiles members also enjoy flexibility with miles that never expire.Hawaiian Airlines, Inc. is a subsidiary of Hawaiian Holdings, Inc. (NASDAQ: HA). Additional information is available at HawaiianAirlines.com. Follow Hawaiian’s Twitter updates (@HawaiianAir), become a fan on Facebook (Hawaiian Airlines), and follow us on Instagram (hawaiianairlines). For career postings and updates, follow Hawaiian’s LinkedIn page. About Amadeus Travel powers progress. Amadeus powers travel. Amadeus’ solutions connect travelers to the journeys they want through travel agents, search engines, tour operators, airlines, airports, hotels, cars and railways.We have developed our technology in partnership with the travel industry for over 30 years. We combine a deep understanding of how people travel with the ability to design and deliver the most complex, trusted, critical systems our customers need. In 2019, we helped connect over 1.9 billion people to local travel providers in over 190 countries.We are one company, with a global mindset and a local presence wherever our customers need us.Our purpose is to shape the future of travel. We are passionate in our pursuit of better technology that makes better journeys.Amadeus is an IBEX 35 company, listed on the Spanish Stock Exchange under AMS.MC. The company has also been recognized by the Dow Jones Sustainability Index for the last ten years.

Read More

CheapOair Data Shows Value Tops Destination in Consumer Labor Day Travel Queries

CheapOair | August 26, 2020

The travel industry may be changing but as the world adjusts to living safely during a pandemic, people are once again gaining the confidence to travel. CheapOair, the flight focused agency, dug into their consumer habits data and have identified Labor Day travel trends that imply an upswing in the industry overall. According to CheapOair data, there has been a 250% increase in customers searching for travel options ahead of Labor Day Weekend and that number is escalating as the popular holiday weekend approaches.

Read More

BUSINESS TRAVEL

Sonder Holdings Inc. Builds Corporate Travel Business With +100 New Accounts

Sonder | January 07, 2022

Sonder Holdings Inc. (“Sonder”), a leading next-generation hospitality company that is redefining the guest experience through technology and design, announced it has added over 100 new corporate travel accounts over the last year as a result of the high demand for its thoughtfully designed, reliable and tech-enabled accommodations among business and group clients.Sonder has seen increasing corporate travel demand from the technology, hospitality, retail, entertainment and healthcare industries, and nearly half of Sonder’s corporate booked revenue was driven by corporate housing demand. With Sonder locations in major global business hubs, the most popular destinations for corporate and group bookings last year were New York City, Philadelphia, London, Dublin, New Orleans and Palm Springs. “In this economy, companies offering a compelling relocation package to a prospective hire can really stand out,” shared Situ’s Managing Director Phil Stapleton. “Today, our clients are consistently prioritizing autonomous accommodation spaces that are comfortable, thoughtfully designed, tech-forward and in the right locations. Sonder consistently delivers across all these aspects, helping us provide the outstanding corporate housing experience our clients are looking for, which makes a difference.” Sonder’s flexible accommodation options span individual hotel rooms to full apartments with multiple bedrooms, which are available for one-night or multi-night stays. Many spaces offer room to spread out and work remotely, with fully-equipped kitchens, living rooms, multiple bedrooms and en-suite laundry. Sonder’s tech-enabled experience makes it easy for travelers to request early check-in or late check-out directly from their phones, and to bypass crowded lobbies via check-in through the Sonder app. Sonder guests also receive instant support through the company’s 24/7 Concierge service through the app. “We’re incredibly pleased with the traction we’ve seen among this important travel segment since launching a dedicated team focused on this customer base just last year, and to be working with strong partners in the space,Our continued growth and working with over 100 corporate clients has proven that there’s a significant need for thoughtfully designed, tech-enabled accommodations among these agencies and travelers.” -Kristen Richter, Vice President of Sales at Sonder Following the launch of its dedicated business travel offering and Global Distribution System connectivity in mid-2021, Sonder recently signed a partnership with ABC Global Services, a leading supplier of services and technology for travel agencies, advisors and professionals. ABC Global Services’ entire global agent network will now benefit from the ability to choose a comfortable, contactless stay at Sonder in more than 35 cities around the world, at preferential rates. “While corporate travel may look a little different these days, what matters to our clients and their travelers remains the same: a consistent, comfortable and reliable hospitality experience,We believe that Sonder’s next-generation business model meets that need, delivering an experience that’s innovative, seamless and elevated – with flexible options for different types of stays and travelers.” -Dee Runyan, President at ABC Global Services Sonder also has active business travel partnerships with Egencia, HotelEngine and TripActions, three top Travel Management Companies. Business Combination with Gores Metropoulos II Sonder recently announced that the Registration Statement on Form S-4 filed with the U.S. Securities and Exchange Commission (the “SEC”) on July 7, 2021, as amended by Amendment No. 7 filed on December 20, 2021, was declared effective on December 22, 2021. The Registration Statement was filed in connection with the proposed business combination of Sonder and Gores Metropoulos II, Inc. (Nasdaq: GMII, GMIIW, and GMIIU). A special meeting of Gores Metropoulos II stockholders to approve the business combination will be held on January 14, 2022, at 9:00 a.m. Eastern Time. Sonder’s common stock and public warrants are expected to be listed on Nasdaq under the ticker symbols “SOND” and “SONDW,” respectively, following the closing of the business combination. Upon completion of the business combination, subject to any redemptions by the public stockholders of Gores Metropoulos II and the payment of transaction expenses at the closing, Sonder expects to have approximately $310 million in PIPE proceeds, up to $450 million in cash in Gores Metropoulos II’s trust account and $165 million of Delayed Draw Notes to fund operations and support new and existing growth initiatives. About Sonder Sonder is revolutionizing hospitality through innovative, tech-enabled service and inspiring, thoughtfully designed accommodations combined into one seamless experience. Launched in 2014 and headquartered in San Francisco, Sonder provides a variety of accommodation options — from spacious rooms to fully-equipped suites and apartments — found in over 35 markets spanning ten countries and three continents. The Sonder app gives guests full control over their stay. Complete with self-service features, simple check-in and 24/7 on-the-ground support, amenities and services at Sonder are just a tap away, making a world of better stays open to all.To learn more, visit www.sonder.com or follow Sonder on Facebook, Twitter or Instagram. Download the Sonder app on Apple or Google Play. About Gores Metropoulos II, Inc. Gores Metropoulos II, Inc. (Nasdaq: GMII, GMIIW, and GMIIU) is a special purpose acquisition company sponsored by an affiliate of The Gores Group, LLC, a global investment firm founded in 1987 by Alec Gores, and by an affiliate of Metropoulos & Co. whose Principals are Dean, Evan and Daren Metropoulos. Gores Metropoulos II was formed for the purpose of entering into a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. Messrs. Gores and Metropoulos together have over 100 years of combined experience as entrepreneurs, operators and investors across diverse sectors including industrials, technology, media and entertainment, business services, healthcare and consumer products and services. Over the course of their careers, Messrs. Gores and Metropoulos and their respective teams have invested in more than 180 portfolio companies through varying macroeconomic environments with a consistent, operationally-oriented investment strategy. For more information, please visit www.gores.com.

Read More