Expedia Becomes Exclusive Distributor of Marriott Wholesale Rates

Travel Market Report | September 18, 2019

Expedia Group and Marriott International announced Tuesday the online travel platform will become the exclusive distributor of the hotel giant’s wholesale rates, availability, and content to a network of global travel provider, marking an industry first.Redistributors such as bed banks, online travel agencies, and wholesalers will no longer have access to rates and inventory directly from Marriott, beginning Oct. 15. Instead, they will be redirected to Expedia Partner Solutions to obtain access to Marriott’s rates and availabilities from any of the chain’s 7,000 properties across the globe.

Spotlight

When managing a business travel programme, it’s important to monitor how that programme is performing and keep track of how much your employees are spending. This is where reporting comes in.

Spotlight

When managing a business travel programme, it’s important to monitor how that programme is performing and keep track of how much your employees are spending. This is where reporting comes in.

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BUSINESS TRAVEL

Safeture Partners with Dallas-based Traxo, Inc., Real-time Corporate Travel Data Capture and Intelligence

Safeture | January 18, 2021

The Lund, Sweden-based employee safety organization Safeture, and Dallas-based Traxo, Inc., the worldwide pioneer progressively corporate travel information catch and knowledge, declared today they have collaborated to help Safeture customers upgrade the duty-of-care inclusion of their business travelers. Through Traxo, Safeture clients can get to access detailed corporate travel itinerary information for appointments that were made external their travel program. The increased area mindfulness understanding enabled by Traxo's travel data capture arrangement diminishes agenda blindspots for corporate travel groups, enabling them to keep their traveling workers employees safer. Safeture gives duty-of-care administrations to in client of 3,500 client organizations in 190 countries. "It's not uncommon for business travelers to book segments of their trips outside their company's designated corporate travel policy or online booking tool," said Safeture Chief Executive Officer Magnus Hultman. "Traxo's comprehensive itinerary data capture technology ensures those flight, hotel and ground transport booking details are incorporated automatically into the Safeture platform, instead of relying on the traveler to manually enter those itinerary details or remember to forward them to us."

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TRAVEL TECHNOLOGY

Offline Travel App Maps.me raises $50 Million in Funding Round Led by Alameda Research

PYMNTS.com | January 19, 2021

Offline travel application Maps.me has brought $50 million up in a funding round led by Alameda Research, joined by new financial specialists cryptocurrency lender Genesis Capital and crypto firm CMS Holdings, as indicated by a Monday (Jan. 18) declaration, Coindesk announced. The new funds will be reserved for the rollout of a multi-cash wallet on Maps.me and will empower a decentralized finance (DeFi) environment on the stage, Coindesk said. With DeFi, it desires to form the apparatus into an "everyday app," making Maps.me more standard. The disconnected planning application has 140 million clients worldwide and is endeavoring to make a decentralized money biological system inside the guide application. The objective is to launch an inserted multi-currency wallet inside Maps.me, which gives travel aides and guide benefits and permits clients to take an interest in yield-making finance and to win money back by means of exchanges through the wallet. “By embedding and democratizing access to yield-earning finance to millions of users via an everyday app, Maps.me has the potential to really propel DeFi mainstream adoption and bring a groundbreaking technology to the masses,” Sam Bankman-Fried, founder and CEO of Alameda Research and also crypto exchange FTX, told the news outlet.

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HOSPITALITY TRENDS

Melco Announces Partnership with Marriott International to Develop The First W Hotel at Studio City Phase Two in Macau

Melco Resorts & Entertainment Limited | December 23, 2021

Melco Resorts & Entertainment, a leading global developer, owner and operator of integrated resort facilities, announced that it has entered into a strategic partnership with Marriott International to bring the W Hotels Worldwide brand to Studio City Phase 2, the thrilling new cinematically-themed entertainment and leisure destination in Macau. Scheduled to be open together with Studio City Phase 2 in December 2022, W Macau - Studio City is set to become an iconic addition in the world class leisure destination through its detail-driven, unexpected design, signature Whatever/Whenever® service and innovative programming. Situated in the heart of Cotai, W Macau - Studio City will serve as a buzzing centerpiece for Studio City Phase 2. The development of W Macau - Studio City will complement Studio City’s other hospitality offerings which include one of Asia’s largest indoor & outdoor water parks, a six-screen Cineplex, residency shows, and state-of-the-art MICE space. W Macau - Studio City expects to feature 557 guestrooms, including 127 suites and wellness facilities, a spa, fitness center and indoor swimming pool. The hotel is set to amplify Macau’s social scene with its high energy public spaces and culinary experiences. Living Room (W’s signature take on the hotel lobby) and WOOBAR will be the social hub for guests to connect, whereas two destination dining venues will offer a luscious menu of international cuisine with an Asian twist and a specialty restaurant featuring the finest Chinese and Portuguese dishes. Guest can look forward to a W Sound Suite, the brand’s signature with an on-site recording studio. The new hotel will offer a total of 1,100 square meters of event and meeting space. “Melco is thrilled to welcome W Hotels to Studio City and Macau. W Hotels is without a doubt one of the world’s iconic luxury lifestyle brands that will elevate Studio City’s hospitality offerings to a new level. Together we look forward to bringing new experiences to our guests and further strengthen Macau’s proposition as a world-class leisure destination.” -David Sisk, Chief Operating Officer – Macau Resorts of Melco Resorts & Entertainment, Macau’s super-charged energy and unique identity as an entertainment hub, together with its mix of Eastern and Western culture, makes it a natural fit for W Hotels,” said Henry Lee, President, Greater China, Marriott International. “In line with Marriott International's ‘Brand + Destination’ development strategy, we are excited to be partnering with Melco Resorts & Entertainment to introduce W Macau - Studio City and bring the brand's luxury lifestyle to Macau. About Melco Resorts & Entertainment Limited The Company, with its American depositary shares listed on the NASDAQ Global Select Market (NASDAQ: MLCO), is a developer, owner and operator of integrated resort facilities in Asia and Europe. The Company currently operates Altira Macau (www.altiramacau.com), an integrated resort located at Taipa, Macau and City of Dreams (www.cityofdreamsmacau.com), an integrated resort located in Cotai, Macau. Its business also includes the Mocha Clubs (www.mochaclubs.com), which comprise the largest non-casino based operations of electronic gaming machines in Macau. The Company also majority owns and operates Studio City (www.studiocity-macau.com), a cinematically-themed integrated resort in Cotai, Macau. In the Philippines, a Philippine subsidiary of the Company currently operates and manages City of Dreams Manila (www.cityofdreamsmanila.com), an integrated resort in the Entertainment City complex in Manila. In Europe, the Company is currently developing City of Dreams Mediterranean (www.cityofdreamsmed.com.cy) in the Republic of Cyprus, which is expected to be the largest and premier integrated destination resort in Europe. The Company is currently operating a temporary casino, the first authorized casino in the Republic of Cyprus, and is licensed to operate four satellite casinos (“Cyprus Casinos”). Upon the opening of City of Dreams Mediterranean, the Company will continue to operate the satellite casinos while operation of the temporary casino will cease. For more information about the Company, please visit www.melco-resorts.com. The Company is strongly supported by its single largest shareholder, Melco International Development Limited, a company listed on the Main Board of The Stock Exchange of Hong Kong Limited and is substantially owned and led by Mr. Lawrence Ho, who is the Chairman, Executive Director and Chief Executive Officer of the Company. About Marriott International Marriott International, Inc. (NASDAQ: MAR) is based in Bethesda, Maryland, USA, and encompasses a portfolio of roughly 7,900 properties under 30 leading brands spanning 138 countries and territories. Marriott operates and franchises hotels and licenses vacation ownership resorts all around the world. The company offers Marriott Bonvoy®, its highly-awarded travel program. For more information, please visit our website at www.marriott.com, and for the latest company news, visit www.marriottnewscenter.com. In addition, connect with us on Facebook and @MarriottIntl on Twitter and Instagram. About W Hotels Worldwide Born from the bold attitude and 24/7 culture of New York City, W Hotels has disrupted and redefined the hospitality scene for over two decades. Trailblazing its way around the globe, with nearly 60 hotels, W is defying expectations and breaking the norms of traditional luxury wherever the iconic W sign lands. With a mission to fuel guests’ lust for life, W ignites an obsessive desire to soak it in, live it up and hit repeat. The brand’s provocative design, iconic Whatever/Whenever service and buzzing Living Rooms create an experience that is often copied but never matched. Innovative, inspiring and infectious, the brand’s super-charged energy celebrates guests’ endless appetite to discover what’s new/next in each destination, to see more, feel more, go longer, stay later. For more information on W Hotels, visit whotels.com/theangle or follow us on Twitter, Instagram and Facebook. W Hotels Worldwide is proud to participate in Marriott Bonvoy®, the global travel program from Marriott International. The program offers members an extraordinary portfolio of global brands, exclusive experiences on Marriott Bonvoy Moments and unparalleled benefits including free nights and Elite status recognition. To enroll for free or for more information about the program, visit marriottbonvoy.com.

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