Hawaii's tourism industry struggles as shutdown keeps coronavirus numbers among lowest in USA

USA Today | May 04, 2020

Flying to a faraway beach might seem like the perfect way to escape the pandemic, but for isolated Pacific islands, controlling the coronavirus means cutting off tourism. Hawaii has among the lowest COVID-19 infection and mortality rates in the USA. As cases rose in March, Gov. David Ige did something no other state can – effectively seal its borders. People who do come face a two-week quarantine, stopping the flow of tens of thousands of tourists who typically arrive every day. “We are the most isolated community on the planet,” Ige told The Associated Press last week. “As such, we’ve got to be more self-reliant, but we also had the opportunity to enact a quarantine, make it meaningful and, most importantly, know that we could really dramatically reduce the number of visitors we get.”

Spotlight

WTM London Day 1 On-Site Interview with Caroline Bremner. Euromonitor International What the Data Tells Us About Travel and Tourism in 2018.

Spotlight

WTM London Day 1 On-Site Interview with Caroline Bremner. Euromonitor International What the Data Tells Us About Travel and Tourism in 2018.

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BUSINESS TRAVEL

Hopper Secures $175 Million Growth Investment Led By GPI Capital

Hopper | August 18, 2021

Hopper is announcing that it has completed a $175 million Series G financing led by GPI Capital with participation from Glade Brook Capital, WestCap, Goldman Sachs Growth and Accomplice as the company emerges from the pandemic stronger than ever. As the travel industry continues to rebound, Hopper has demonstrated significant outperformance with its category-leading mobile-only marketplace, delivering value to customers and supply partners with the company's proprietary suite of fintech offerings. Hopper has over 60 million downloads, consistently ranks as one of the most downloaded travel apps, and now has a larger air travel market share in North America than it did before the pandemic (source: MIDT) along with a growing suite of API-enabled solutions for its B2B initiative. Based on its current run rate, Hopper is pacing towards 330% revenue growth compared to last year and it has already surpassed its pre-pandemic revenue peak from Q1 2020 by over 100%. 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By leveraging its vast data assets, Hopper takes on all financial risk as its AI is able to dynamically price each fintech offering on a real-time basis at scale. "The success of our fintech offerings demonstrate that travelers are willing to pay for flexibility and assurance as they resume traveling again," said Frederic Lalonde, CEO and Co-Founder of Hopper. "We feel strongly that our fintech offerings through Hopper Cloud can help supercharge the travel industry's recovery by introducing a totally unique revenue stream for other brands. In fact, if all travel distribution channels offered our fintech, it could increase the total consumer spend for the sector by $200 billion annually. We are excited to be partnering with GPI and their distinguished track record of supporting iconic consumer internet companies. We welcome Khai to the board as we execute on a roadmap for sustained growth over the long term." 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Travelport and Ad Hoc Lender Group Steering Committee Reach Agreement

Travelport | September 17, 2020

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