TRAVEL TECHNOLOGY

Launchtrip Unveils First Travel Platform Designed for Group Trips

Launchtrip | September 30, 2021

Launchtrip Unveils First Travel Platform Designed for Group Trips
Launchtrip the world's first Together-Travel company, today releases its group-centric travel booking app. Available on iOS now, Launchtrip removes the roadblocks historically associated with group-travel by allowing users to plan and book travel based on destination city or event, and the ability to divide costs and pay separately, taking the awkwardness out of invites and chasing down money - all within the native platform's ecosystem.

Launchtrip is the first application to address a longstanding challenge for consumers and the hospitality industry: the need to facilitate group bookings in one application including payment processing and soon, with an industry first: fair and transparent pricing. From today, users will be able to:
  • Search by city or event to book accommodation and restaurants close to major sports, music, and entertainment events across the country, with more events being added regularly
  • Book hotel accommodations from a curated selection of 3 - 5 star properties across the country. From independent boutique hotels to 5-star luxury properties and everything in between, Launchtrip offers thousands of hotels across 8 major US cities to start (including New York City, Los Angeles, Chicago, Miami, Orlando, Austin, Phoenix and Las Vegas), with more becoming available every month
  • Review thousands of highly recommended restaurants and book right in the app using Resy as Launchtrip's official restaurant booking partner
  • Split and manage payments of your group trips (available for group trips of 3 or more people)
  • Receive scaling group discounts with partnered hotels
  • Take advantage of Launchtrip's signature 24/7 concierge service - online and with text-driven customer support, powered by humans
  • Ground transportation and travel insurance will be available by the end of the year
  • Google Play store availability will launch in Winter 2021

Customers will also benefit from Launchtrip's 'My Trip' feature, where users can manage all of their group reservations and guest list, meaning they won't be stuck with reservation emails from multiple vendors. Within this feature, users can name their trip, check the trip's guest list and whether they've paid or not, and send reminders to anyone who hasn't yet paid.

Launchtrip recently surveyed 1,000 US adults to find that for 25% of Americans, dealing with payment is the most painful part of planning any group trip. A third (34%) of respondents even said they spend hours figuring out how to split costs. To reward these Group Trip 'Heroes' who've had to deal with organizing woes for far too long, Launchtrip is giving away an all-expenses paid vacation (including accomodation at select luxury hotel properties across the country) to one lucky 'Hero' plus three friends.

Launchtrip CEO and Founder Julian Ing is dedicated to providing a better travel experience for groups  a category that he believes has experienced little innovation in nearly 25 years. 

"Launchtrip is a new kind of travel booking company and one that we believe will transform the travel and hospitality space. From group travel to complete transparency for consumers and partners, we are committed to creating the best experience possible for our users and are thrilled to open to the public today."

Said Julian Ing, Launchtrip CEO and Founder

Looking ahead, Launchtrip will roll out additional features dedicated to creating a seamless travel experience, including curated trip recommendations, an AI-driven rewards system and more

About Launchtrip
Launchtrip is the Together-Travel company that makes booking group trips easy and rewarding. Founded by entrepreneur Julian Ing, Launchtrip's ethos is to make every experience outstanding, from end to end. Launchtrip's team of advisors include some of the industry's top experts with previous leadership roles within HomeAway (Expedia), MealPal and Tripping.com to name a few. This includes Traci Mercer, Taleeb Noormohamed, Michael Drever, Kathleen Reaume, Terry McBride and Mark Spencer.

Spotlight

For Travel Agencies, ticketing is a function that
entails high process time, while being low as a
value generating function. It is a function that
adds to the agency‘s costs in terms of the time
spent on query handling and ticket distribution,
while the agency does not create additional value
by handling this process on its own. Nor is there
a significant Knowledge protection issue that
necessitates this process being handled directly
by the agency

Spotlight

For Travel Agencies, ticketing is a function that
entails high process time, while being low as a
value generating function. It is a function that
adds to the agency‘s costs in terms of the time
spent on query handling and ticket distribution,
while the agency does not create additional value
by handling this process on its own. Nor is there
a significant Knowledge protection issue that
necessitates this process being handled directly
by the agency

Related News
TRAVEL TECHNOLOGY

Tripedia Revolutionizes the Travel Ecosystem With an Artificial Intelligence Travel Designer

Tripedia | November 29, 2021

The AI is based on data of information and resources. Users on the platform can equally participate in sharing information bringing about a decentralized ecosystem. Bringing Trust Back to the Travel Industry OTAs have improved digital security protection. Yet, they are not always immune to cyber attacks. Successful hackers commit fraud using stolen customer data. So, it lowers trust in the travel industry. Pricing is not always transparent. Tripedia's ecosystem allows suppliers and customers to share information efficiently. The data is secure enough to not rely on powerful OTA platforms. Each participant in the Tripedia contract protocol chain uploads the data to the blockchain and assigns it a digital ID. Then, it records every bit of data generated under that ID in the contract account book. The information ranges from customers' travel to payment details. The platform saves the data off-chain using a distributed file storage system (IPFS). It also generates a hash string as the link entry for the intelligent contract on the chain. The chain saves the unique hash value, ensuring data authenticity. This process relieves the chain of data storage pressure. It also provides system efficiency and improves security. Customizing Consumer Needs Customers provide Tripedia with their information and travel preferences. AITD uses the data it has on previous reviews, accommodation, and flight availability. Through this, it recommends the best travel plan for them. This type of learning saves time and energy compared to traditional machine-learning algorithms. Using blockchain, the self-evolving system learns consumers' travel preferences as they emerge. The AITD model becomes more accurate as of the number of participants. When data on Tripedia grows, it will make travel plans more personalized than ever. TRIP Tokens The TRIP coin is the heart of the Tripedia Ecosystem. TRIP tokens can be used for transportation, lodging, and other travel-related items and services. Earning TRIP tokens is as simple as sharing travel resources and knowledge. The bigger the number of Tripedia members, the more prevalent this sharing grows, resulting in a greater demand for TRIP tokens. Tripedia's dApp allows the users to complete one-click payments quickly. Afterwards, the platform automatically uploads data to the chain. While doing so, the customer will receive TRIP tokens as a reward for contributing data. Tripedia adopts the decentralized OTA mode. Customer payments are transferred directly to suppliers' wallets in real-time. This way, suppliers don't have to worry about long payment delays. The unified API interface of the model also allows investors to connect tokens. The connection is both reliable and straightforward. Travel-related items from different public chains can also be transferred to Tripedia. It allows the circulation of other tokens and expands the boundaries of Tripedia. About Tripedia Tripedia is a blockchain-based ecosystem that promises to overhaul and optimize the travel industry. Their goal is to provide tourism market participants with a platform, allowing everyone to participate equally in sharing and trading information. You can find more information on the platform.

Read More

INDUSTRY OUTLOOK

New report from WTTC and Trip.com Group reveals latest consumer trends and the shift in traveller behaviours

WTTC & Trip.com | November 26, 2021

The World Travel & Tourism Council (WTTC) and Trip.com Group launched 'Trending in Travel', a new report that shows the latest trends traveller behaviour and future booking patterns in the wake of COVID-19. WTTC, representing the private Travel & Tourism sector, joined forces with leading global travel service provider, Trip.com Group, and its major consumer brands Trip.com, Ctrip and Skyscanner, to analyse consumer trends shaping the recovery of the Travel & Tourism sector.WTTC's latest projections show strong growth in international spending for 2022 and beyond, projecting to overtake domestic spending in 2022, as more destinations ease restrictions and vaccination rates continue to rise. Following a 69.4% decline (2020), global international spending on travel is set to rise by 9.3% in 2021, and significantly by 93.8% in 2022. The inaugural report also reveals how severe and confusing travel restrictions around the world drove a significant rise in domestic tourism, with a surge in domestic hotel bookings of more than 200% on Trip.com's platform this year compared to 2019. Since the start of the pandemic, mobility restrictions have hindered international travel and, although domestic travel will provide a much-needed boost to the sector, WTTC says the return of international travel is critical to rebooting the global economy. The report focuses on booking trends, consumer considerations, and consumer profiles. It also features examples of markets whose resilience has provided a platform for the recovery of the Travel & Tourism sector. The report shows how COVID-19 has changed the way people travel; younger travellers are the first to return to travel; increased demand for longer stays; the importance of fee-free cancellations and the demand for high levels of health and safety checks. To avoid travel restrictions, travellers are seeking secondary destinations, away from traditional holiday spots, as their destination of choice. This preference positively impacts local communities and livelihoods. According to Trip.com's hotel booking data, Abu Dhabi (UAE) Chiang Mai (Thailand), Doha (Qatar), Florence (Italy), and Frankfurt (Germany) were the most popular secondary destinations in their respective countries in 2021. The report goes on to show that, according to Ctrip data, bookings for 'the great outdoors' will predominate in the short and medium term. In China – one of the world's largest travel markets - nature-related attraction bookings have increased by 265% in the first half of this year compared to the same period last year. The pause in travel has also heightened consumers' eagerness to travel more sustainably with more than eight out of 10 (83%) global travellers saying they would make sustainable travel a priority in the future. Reinforcing this long-term trend, since its launch in 2019, the report shows 68 million travellers have opted to book a "Greener Choice" labelled flight on Skyscanner, a comparatively lower-carbon flight choice. According to the report, 70% of travellers in many major countries such as the U.S., Spain, the UK, Canada, and Japan plan to spend more on travel in 2022 than they have in the last five years, including 2019 - one of the best years on record for Travel & Tourism. "It is clear people are really looking forward to travelling again. Consumers are curious, they are looking at new destinations, 'the great outdoors' and travel that benefits the places and people they visit. As travel and tourism represents over 10% of global GDP this is good news for jobs and economies." -Julia Simpson, WTTC President & CEO The impact in some countries has been devastating for local communities and this report shows that business is returning in earnest. "Travellers around the world have shown their eagerness to travel, whether limited to domestic travel or able to cross borders, we see a huge amount of pent-up demand steadily being released." -Jane Sun, CEO of Trip.com Group To better evolve with the recovery we must understand travellers, and as an industry adapt to emerging trends. Latest WTTC research shows the global recovery of the Travel & Tourism sector is picking up pace with the sector's contribution to global GDP projected to rise by 30.7% in 2021 and 31.7% in 2022. For more information on the Trending in Travel: Emerging Consumer Trends in Travel & Tourism in 2021 and Beyond report, download the full report here. About Trip.com Group Trip.com Group is a leading global travel service provider comprising of Trip.com, Ctrip, Skyscanner, and Qunar. Across its platforms, Trip.com Group helps travellers around the world make informed and cost-effective bookings for travel products and services, and enables partners to connect their offerings with users through the aggregation of comprehensive travel-related content and resources, and an advanced transaction platform consisting of apps, websites and 24/7 customer service centers. Founded in 1999 and listed on NASDAQ in 2003 and HKEX in 2021, Trip.com Group has become one of the best-known travel groups in the world, with the mission "to pursue the perfect trip for a better world".For more information, please visit: group.trip.com About WTTC The World Travel & Tourism Council is the global authority on the economic and social contribution of Travel & Tourism. WTTC promotes sustainable growth for the Travel & Tourism sector, working with governments and international institutions to create jobs, to drive exports and to generate prosperity. Council Members are the Chairs, Presidents and Chief Executives of the world's leading private sector Travel & Tourism businesses.For further information, please visit: WTTC.org

Read More

TRAVEL TECHNOLOGY

TRVL Token Launch Announced on Four Platforms

TRVL | November 25, 2021

It was announced that TRVL, the utility token powering Dtravel, a decentralized platform for the home sharing economy facilitating short-term stays, will launch on Friday November 26, 2021 and will be available on MEXC Global, Bybit, Gate.io and Polkastarter. "As we continue to expand our community to include an even greater variety of passionate voices, we're looking forward to seeing the TRVL token in action within our community and propelling the next evolution of home sharing, The token will grant unprecedented influence to home sharing hosts and guests, while serving as an example of how Web 3.0 will empower individuals to experience travel on their terms." -Cynthia Huang, Growth, Marketing and Community Lead at Genesys Partners, the core team behind Dtravel The unique differentiator with Dtravel is the inclusion of the TRVL token, which provides membership within the Dtravel ecosystem through the DAO (decentralized autonomous organization). All community members, including hosts and guests, have a say in the direction of Dtravel. The TRVL token also creates an opportunity for members of the Dtravel platform to make and receive payments in TRVL, participate in governance and receive travel rewards. Revenue from Dtravel bookings is used to fund community initiatives, such as the Community Treasury and Host Protection Pool, which are also funded using TRVL. In addition to the above, TRVL can be used for: Travel: Hosts can list their property and accept payment in TRVL. Guests can book and pay for short-term stays in TRVL. Early hosts and guests who sign up and use the Dtravel platform will receive TRVL rewards as early adopters of Dtravel. Loyalty: Onboarding initiatives for hosts and guests with 90M TRVL allocated towards community members who contribute to the growth of Dtravel. The Support-to-Earn program allows community members to contribute their time and expertise in exchange for rewards. Governance: TRVL holders can participate in governance and voting activities that influence how the Dtravel platform is managed. Protection: 1% of all booking fees are allocated to the Protection Pool, which offers up to US$1 million in protection to give hosts peace of mind when listing their homes with Dtravel. TRVL powers the next evolution of the home sharing economy on Dtravel, where hosts earn more and travelers pay less. Travelers booking with Dtravel save on fees significantly compared to other home sharing platforms, with hosts paying 0% in fees. The community-owned Dtravel platform is governed by a network of hosts, guests and community members via the TRVL token. The TRVL token will go live on November 26 at 8a.m. EST. About TRVL TRVL is the utility token powering the Dtravel ecosystem. The TRVL token centers around 4 main areas - travel, loyalty, governance and protection. Additionally, it gives its holders membership as well as a vote in how the Dtravel platform is run. About Dtravel Dtravel is a decentralized, global home sharing community that facilitates seamless short-term accommodation discovery, bookings and payments, with significantly lower fees than other home sharing platforms. Conceived by former executives of Airbnb, Expedia and other global technology companies, Dtravel aims to empower its members — including hosts, guests and token holders — to participate in the growth and decision making of a new type of home sharing economy through community governance.

Read More