Hudson and Dufry Strengthen Partnership with Toronto Pearson International Airport, Securing New Eight-Year Duty Free Contract

Business Wire | December 23, 2019

Hudson and Dufry Strengthen Partnership with Toronto Pearson International Airport, Securing New Eight-Year Duty Free Contract
Hudson , a travel experience leader with more than 1,000 stores in airports, commuter hubs, landmarks and tourist destinations across North America, and Dufry, a global leader in travel retail, today announces they have been awarded an eight-year Duty Free retail contract at Toronto Pearson International Airport. The contract, effective from June 2022 through June 2030, strengthens their Duty Free presence in North America while highlighting the long-standing, 35-year partnership with the airport authority. The contract also includes a strategic Joint Management Committee dedicated to collectively growing the Duty Free business and redefining the passenger experience for the more than 50 million travelers that pass through the award-winning airport each year.

Spotlight

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TRAVEL TECHNOLOGY

Washbnb is Raising Funds for a Tech-Enabled Linen Solution for Short-Term Rentals and Hotels

washbnb | May 21, 2021

Washbnb, a tech-enabled linen solution for the short-term rental and hotel industries, has launched a crowdfunding campaign via Wefunder. The startup eliminates the laundry problem for property managers and Airbnb hosts whilst solving a key operational pain point for the reliable supply of hotel-quality bed and linen. Washbnb is democratizing the investment process as a part of its community-driven strategy to grow the business for all stakeholders involved. By launching its seed round via crowdfunding with Wefunder, everyone has the chance to take a position during a startup company during a booming hospitality sector before travel’s predicted comeback, not just wealthy accredited investors. The short-term rental sector has remained resilient during the pandemic and bookings are now at an all-time high consistent with AirDNA going into a summer of revenge travel. Washbnb is about to become an important tool for hosts and managers by eliminating common laundry challenges through automated linen procurement and management. As a tech-enabled solution, the corporate controls linen logistics and quality through data insights while exploring the newest in water and logistics tech to make sure an environmentally sustainable and efficient service. The result's an improved guest experience that reduces travel’s footprint while making businesses easier to work and grow. Daniel Cruz, co-founder, and CEO of washbnb started the corporate in 2020 after handling the gap within the marketplace for an automatic linen solution as an Airbnb host himself battling laundry. Milwaukee-based, washbnb is rooted during a resurgent Midwest city featuring a fast-growing water-tech industry and fertile ground for both hospitality companies and laundry machine manufacturers. Washbnb pivoted during the pandemic with washhero.org and aims to create a community-driven, sustainable company with zebra stripes. Daniel says: “Our customers drive what we do, and that they love washbnb. We take their biggest challenge off of their plates and that we roll in the hay in higher quality, safer, and far more sustainable way. Hosting may be a great business, just check out Airbnb’s recent IPO, and we’re here to support these great businesses on the bottom, where they have it most. It’s a completely new category of business that must be created. Our customers see that and need to take a position because they need to assist. That’s how we build community.” Investment at this stage will fuel talent acquisition, research, and development also as future expansion into fast-growing, short-term rental destinations.

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Bermuda Launches One Year Residential Certification Program Allowing Employees to Work Becoming Island Residents

Bermuda | July 28, 2020

U.S. residents who aren’t working from their offices and simply cannot handle sitting at home anymore have a new option available to them move to Bermuda for a year to work remotely from a dream Caribbean destination instead. Bermuda has just passed new legislation called the ‘One Year Residential Certification’ program, set to become effective August 1, 2020, which sanctions foreigners to live on the island for up to twelve months, bringing along their remote work or studies, and also authorizes unlimited entries and exits from the island during that period.

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FEATURES AND ADVICE

RateGain launches revAI to transform demand forecasting and price optimization for Car Rentals

RateGain Technologies | September 01, 2021

RateGain Technologies announced at the 2021 International Car Rental Show the launch of revAI, the first end-to-end AI-powered demand forecasting and price optimization platform for car rentals to make every forecast profitable. The summer of 2021 witnessed a surge in car rental demand, with most travelers experiencing supply shortages, highlighting the problematic process of forecasting demand accurately and managing fleets more precisely. This supply-demand gap limits revenue maximization opportunities for car rental operators. revAI solves revenue leakage by leveraging 25 demand indicators that drive hyper-local demand at a city level to help car rental operators clearly understand the market potential and adjust their strategy to reach their maximum revenue potential in any given day. However, unlike most demand forecasting solutions, revAI goes a step further and combines a price optimization module, which enables revenue managers to capture the incremental market share through an AI-driven-price recommendation engine. While most demand forecasting solutions rely on historical bookings, revAI is one of the first platforms to leverage forward-looking demand indicators that are more credible in quantifying demand at a hyper-local level for the city. The forecast and understanding of market demand can also help identify dates that need attention, ensuring that car rental operators never lose an opportunity to maximize. The platform drives automation and digitization. It is aimed to help revenue managers eliminate manual processes such as complex spreadsheets and multiple data sources. revAI provides revenue managers with one single platform to understand demand, determine their pricing strategy and let the system execute that strategy seamlessly to stay ahead and drive recovery through sophisticated machine learning and artificial intelligence framework. Commenting on the launch, Harmeet Singh, Group CEO, RateGain, said, "Car rentals are one of the hardest hit by demand volatility and have very little bandwidth or technology support to adapt. With revAI, we are committed to changing that. Our solution will essentially bridge the gap between forecast and revenue maximization by ensuring that every rental is profitable, reduces time, effort and improves margins." revAI is integrated with leading industry partners allowing independent operators and franchisees to start realizing the benefits and learn how your team can leverage and bring technology-powered transformation to your car rental revenue management and pricing strategy in the post COVID era. About RateGain RateGain is a global provider of SaaS solutions for the hospitality and travel industry, offering travel and hospitality solutions that unlock new revenue every day.

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Spotlight

Sometimes it just makes sense to fill up the car, pack a few bags and head out to the country. The good news is that, if you’re looking for a great road trip, the UK has some of the best scenery, gently winding roads and invigorating fresh air in the world..Now the team at OSV have created a useful infographic highlighting 6 of the best road trips around the UK. They’re all certainly worth some time to explore, whether you have just a day to spare or a whole week.