EXPEDIA CELEBRATES MILESTONE 15 MILLION BOOKINGS

Travel Weekly | August 08, 2019

EXPEDIA CELEBRATES MILESTONE 15 MILLION BOOKINGS
The Travel Affiliate Program (TAAP) is a booking engine by Expedia Group, which connects travel agents to the OTAs global portfolio of accommodation, flights, packages, car rentals and in-destination activities.Diego Pedrani, senior director, retail distribution, Expedia Partner Solutions TAAP brand, said Expedia Group was delighted to mark such a significant moment for the program.Through Expedia TAAP, the OTA said agents can access more than 600,000 accommodations, flights from over 500 airlines, car rentals from 175 providers and more than 35,000 in-destination activities worldwide from Expedia Group’s travel supply.Expedia TAAP, which is part of Expedia Partner Solutions (EPS), one of the B2B brands of Expedia Group, is reportedly used by more than 35,000 agencies around the world.

Spotlight

Improving the corporate travel experience and protecting data requires trade-offs. Individual companies must weigh the importance of both sides of the equation in terms of their core values and implement programs accordingly.

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FEATURES AND ADVICE

Selina Opens Chicago Location On Magnificent Mile

Selina | September 20, 2021

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INDUSTRY OUTLOOK

Hyatt Announces Pricing of Public Offering of Senior Notes

Hyatt Hotels Corporation | September 28, 2021

Hyatt Hotels Corporation (“Hyatt” or the “Company”) (NYSE: H), a leading global hospitality company, announced today the pricing of its public offering of: $700.0 million aggregate principal amount of senior notes due 2023, which will bear interest at a fixed annual rate of 1.300%; $300.0 million aggregate principal amount of floating rate senior notes due 2023, which will bear interest at a rate equal to Compounded SOFR (as defined in the prospectus supplement relating to the offering), reset quarterly, plus 105 basis points; and $750.0 million aggregate principal amount of senior notes due 2024, which will bear interest at a fixed annual rate of 1.800%. The offering is expected to close on October 1, 2021, subject to customary closing conditions. Hyatt will have the option to redeem all or any portion of the notes at 100% of their principal amount at any time on or after October 1, 2022. The Company intends to use the net proceeds of the offering to fund a portion of the purchase price for its pending acquisition of Apple Leisure Group (the “Apple Leisure Group Acquisition”), to refinance all of its $750.0 million principal amount of floating rate notes due 2022 and for general corporate purposes, which may include payment of any fees and expenses relating to the Apple Leisure Group Acquisition or any other general corporate purpose the Company may deem necessary or advisable, and to pay fees and expenses related to this offering. Hyatt previously announced that it intends to fund more than 80% of the $2.7 billion purchase price for the Apple Leisure Group Acquisition with a combination of $1.0 billion of cash on hand and new debt financing, including a portion of the proceeds from this offering and a one-year term loan expected to be funded concurrently with the closing of the Apple Leisure Group Acquisition as part of the previously announced acquisition financing commitment, and the remainder with proceeds of its recently consummated equity offering. The offering is not contingent on the consummation of the Apple Leisure Group Acquisition, and the consummation of the Apple Leisure Group Acquisition is not contingent on the consummation of the offering. J.P. Morgan is acting as representative of the underwriters, and J.P. Morgan, Deutsche Bank Securities, Scotiabank and Wells Fargo Securities are acting as joint lead book-running managers for the offering. 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.

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UNWTO Calling for Responsible Restart of Tourism

UNWTO | June 23, 2020

The World Tourism Organization (UNWTO) is once again calling on governments across the globe to restart tourism in a responsible way as the COVID-19 pandemic has led to a loss of about $195 billion in international tourism receipts over the first four months of 2020. Fortunately, the UNWTO World Tourism Barometer shows that the industry is beginning to come back in some places, including destinations in the Northern Hemisphere.

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Spotlight

Improving the corporate travel experience and protecting data requires trade-offs. Individual companies must weigh the importance of both sides of the equation in terms of their core values and implement programs accordingly.