Logitravel Selects RateGain to Deliver Great Holidays at Best Prices

PR Newswire | January 22, 2020

RateGain Technologies, the leading SaaS player in travel and hospitality, today announced that Logitravel, a leading pan-European OTA specialized in holidays, helping over five million people each year arrange their holidays, has selected RateGain's real-time competitive price intelligence product, PackageGain to remain on top of market movement, accelerate their growth to unlock new revenue opportunities. Logitravel would leverage RateGain's unique pricing intelligence product, PackageGain to get visibility on competitor pricing in real-time. Powered with the right in-depth market intelligence, Logitravel will now be able to optimize their pricing strategy faster and more accurately, helping them give the best price on every package to their guests.

Spotlight

German travel consumers are set to spend more than €130 billion on leisure travel in 2018 in a market that is going from strength-to-strength. Download the free report excerpt now to understand the international and domestic travel markets.German travel consumers are set to spend more than €130 billion on leisure travel in 2018 in a market that is going from strength-to-strength.

Spotlight

German travel consumers are set to spend more than €130 billion on leisure travel in 2018 in a market that is going from strength-to-strength. Download the free report excerpt now to understand the international and domestic travel markets.German travel consumers are set to spend more than €130 billion on leisure travel in 2018 in a market that is going from strength-to-strength.

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TRAVEL TECHNOLOGY

Expedia Group and Bilt Rewards Launch Exclusive Travel Portal

Expedia Group | July 01, 2022

On June 30, Expedia Group, the leading travel technology platform, announced the launch of the new Bilt Travel Portal in collaboration with Bilt Rewards. It will be available exclusively to Bilt Rewards members. Members of Bilt Rewards can use their Bilt points to cover all or a portion of the cost of their next vacation and can book every aspect of their trip directly through the Bilt Rewards app, from flights to hotels and even theme park or Broadway show tickets. Bilt members can access more than 700,000 properties, 500 airlines, 120 car rental companies, and thousands of activities worldwide, thanks to Expedia Group's White Label Template technology. 1 White Label Template includes all of the functionality of the Expedia.com site, as well as tools and customer support to assist Bilt members with questions or bookings. Expedia Group's expert knowledge of the travel industry is combined with a nearly $2 billion annual investment in new technology innovation to meet the changing needs and demands of both partners and travelers. Travel is among the most important experiences to our members, who don’t want to be limited when it comes to using their hard-earned loyalty points, said Bilt Rewards Founder and CEO Ankur Jain. Partnering with Expedia Group enables us to give members a one-stop-shop with access to endless travel options, along with the easy integration to create a seamless booking experience. “We’re excited to power the Bilt Travel Portal, and to help the Bilt Rewards members build the vacation of their dreams simply by paying rent,Our innovative solutions provide Bilt Rewards with technology they need to build a wonderful experience and offer an unparalleled amount of travel options to their members.” -Christian Gerron, senior vice president, Media & Brand Partnerships, Expedia Group. Bilt Rewards members can access the Bilt Travel Portal powered by Expedia Group by logging into the Bilt Rewards app or visiting travel.biltrewards.com and entering their Bilt Rewards login credentials to view available travel supply and booking options. When booking in real-time, members will be able to see the value of their Bilt points, with 10,000 Bilt points equaling $125 in travel credits. Members will also earn 2x points for bookings made through the Bilt Travel Portal with their Bilt Mastercard, and 1x point for bookings made with another form of payment. Bilt Rewards, which will be available in June 2021, is the first-ever loyalty program and co-brand credit card for renters, allowing 109 million renters in the United States to earn points on their largest monthly expense with no fees. Renters can access the free Bilt Rewards loyalty program by living within the Bilt Rewards Alliance, a network of over 2 million rental units in the United States, or by using the Bilt Mastercard, the first credit card that can be used to pay rent with no transaction fees at any rental unit in the United States. In addition, Bilt members have access to one of the most valuable rewards programs available, with the ability to redeem points for travel, boutique fitness classes, limited-edition art, and home décor, as well as rent credits and even a down payment on a future home. Members now have access to thousands of new options for redeeming their points thanks to the addition of the Bilt Travel Portal powered by Expedia Group, further increasing the value of Bilt's

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COMMERCIAL TRAVEL

Wego to Acquire Cleartrip's Middle East Business from Flipkart

Wego | February 21, 2022

Wego, the leading online travel marketplace in the MENA region announced that it has signed a definitive agreement with the Flipkart Group, India's homegrown e-commerce ecosystem, to acquire Cleartrip's Middle East business. This transaction also includes the sale of Flyin.com and a technology co-operation agreement between Wego and Flipkart. The Boards of Directors of Wego and Flipkart have approved the transaction, which is expected to close in the second half of 2022, subject to customary closing conditions and regulatory approvals.Cleartrip is a pioneer of online travel in India and is famous and much loved by customers for its user-friendly interface and industry-first initiatives. Cleartrip expanded organically into the Middle East region in 2010 and acquired Riyadh based Flyin.com in 2018, which played a similar role in kick-starting online travel in Saudi Arabia. Wego and Cleartrip both have their regional headquarters located in Dubai Internet City. "Cleartrip and Flyin are both product-driven companies with best-in-class OTA technology that have established strong brands and strong positions across the Middle East, We are excited to welcome Cleartrip Middle East and Flyin into the Wego group. The Middle East is set to be one of the most exciting growth stories of the next decade with the travel & technology sectors taking center stage and with the Wego group playing a very crucial role. This acquisition will significantly increase our scale and capabilities and will strengthen our ability to partner and collaborate across our region. We are also excited to begin a multi-faceted partnership with Flipkart that will involve us sharing a brand across regions and co-operating on technology." -Ross Veitch, CEO & Co-Founder of Wego. The opportunity in travel tech for India is vast, and through Cleartrip, we have been able to provide our customers with a wide range of travel experiences and deeper value,"said Ravi Iyer, Senior Vice President and Head - Corporate Development, Flipkart. "Given our strategic priorities and focus on the Indian market, the acquisition of Cleartrip's Middle East business by Wego provides continuity to its business, and we believe that they are the right partners to boost its next phase of growth. We thank Stuart for his leadership and partnership over the past year as Cleartrip India has become an integral part of the Flipkart Group and wish him and the Wego team continued success. "Our focus is clear, building a world-class online travel business emanating from the Middle East but with global ambitions. The region is well placed to be the engine of growth for travel both as a destination and as a highly mobile, digital-savvy demographic looking for choice and value. By joining forces with Wego, we are able to offer everything from search to service and to contribute meaningfully to that story." -Stuart Crighton, Co-Founder and Head of Cleartrip's International Business, Rothschild and Co. were exclusive advisors to Flipkart on this transaction. About Wego Wego operates the largest online travel marketplace in the Middle East and North Africa (MENA) region and provides award-winning travel search websites and top-ranked mobile apps.Wego harnesses powerful technology to automate and simplify the process of searching, comparing, and booking travel across hundreds of airlines, hotel chains and online travel agencies.Founded in 2005, Wego is dual headquartered in Dubai and Singapore and is backed by investors including Tiger Global Management, Crescent Point, Square Peg Capital, Middle East Venture Partners, and the MBC Group. About the Flipkart Group The Flipkart Group is one of India's leading digital commerce entities and includes group companies Flipkart, Myntra, Flipkart Health+, Flipkart Wholesale, and Cleartrip. The Group is also a majority shareholder in PhonePe, one of the leading Payments Apps in India.Started in 2007, Flipkart has enabled millions of consumers, sellers, merchants, and small businesses to be a part of India's digital commerce revolution, with a registered customer base of more than 350 million, offering over 150 million products across 80+ categories. Our efforts to democratize commerce in India, drive access and affordability, delight customers, create lakhs of jobs in the ecosystem, and empower generations of entrepreneurs and MSMEs have inspired us to innovate on many industry firsts. Flipkart is known for pioneering services such as Cash on Delivery, No Cost EMI and easy returns – customer-centric innovations have made online shopping more accessible and affordable for millions of Indians. Together with its group companies, Flipkart is committed to transforming commerce in India through technology.

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INDUSTRY OUTLOOK

Despegar Completes Acquisition of 100% of the Brazilian Online Travel Agency Vijanet

Despegar, Corp | June 09, 2022

Despegar, Corp announced that it has completed the previously announced acquisition of 100% of TVLX viagens e Turismo S.A for a total consideration of approximately US$15.5 million, which will be subject to customary post-closing adjustments. TVLX Viagens e Turismo S.A is one of Brazil's biggest online travel firms. 17% of the total consideration was paid upon the deal's closure, 43% is projected to be paid in July 2022, 20 percent in June 2024 and the remaining 20 percent in June 2025, subject to any post-closing indemnification changes. Despegar is Latin America's top online travel agency. Technology has altered the travel sector for over two decades. Despegar is constituted of a consolidated Group that comprises Best Day, Viajes Falabella, Viajanet, and Koin (the Company's fintech company), therefore becoming one of the most significant organizations in the area and able to give a customized experience to more than 29 million clients.

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