Snowfall | December 03, 2021
Snowfall, the travel technology company, has announced the launch of Junction – the next-generation travel platform that enables suppliers, resellers and partners to deliver the next generation of travel.
Junction provides travellers with more control, choice and confidence, making it possible to book multiple modes of travel door-to-door in a single ticket and supports the traveller throughout the entire journey. By offering a wide range of content, services and enhancements, the platform introduces a new way of connecting all the participants in the ecosystem and disrupts the way to book and experience travel.
Junction arrives at a time when outdated infrastructures and legacy systems are leaving major gaps in the consumer experience. The online research and booking process for travellers has become a maze, difficult to navigate. With an increasing focus on sustainability - Booking.com's 2021 Sustainable Travel Report found 81% of travellers want to stay in sustainable accommodation - Junction simplifies the complexities of booking and leads the way to more sustainable modes of travel, empowering conscious choices every day.
Junction empowers suppliers, resellers and partners to offer more choice to the traveller, by incorporating all modes of travel in a single operating system and removing legacy complexity. Junction is powered by four cloud-based modules: Exchange, Pay, Boost and Plus. These technologies ensure:
Cost effective distribution (Exchange)
An open architecture app store for ecosystem collaboration (Boost)
Seamless payments (Pay)
Revolutionising industry workflows and traveller experience (Plus)
These four modules modernise the way to connect, interact and increase value across the ecosystem, creating a new standard for the industry.
"We created Junction because when it comes to travel, we believe there's a better way. Junction unlocks the power of technology and delivers travel that is accessible, flexible and straightforward. By incorporating all modes of travel in a single, dynamic operating system, we are bringing simplicity to the complex travel industry and empowering suppliers, resellers and partners to change the way people experience travel for good. Connected to Junction, suppliers and resellers can provide their customers with a new generation of offers through the channels their customers prefer."
-Stefan Cars, Snowfall CEO and Founder
the company behind Junction, is a UK-based travel technology company delivering products, services and partnerships. Snowfall is leveraging its experience from all major multimodal travel verticals, one of the few companies who can bring this extensive expertise. While partnering with over 40 top tier travel companies, Snowfall's solutions, such as ticketless travel, have consistently led the way for travel innovation on a global scale.
Spirit Airlines: | December 09, 2021
Guests are now checking out the latest evolution in check-in technology at Dallas Fort Worth International Airport (DFW). Spirit Airlines (NYSE:SAVE) unveiled its automated self-bag drop experience with biometric photo-matching system, which represents a new paradigm for the U.S. airline industry.
The redesigned ticket lobby is packed with industry-leading technology designed to limit face-to-face interaction, streamline flight check-ins and get Guests from the curb to the brightest planes in the sky quicker than ever.Spirit's self-bag drop system is now currently operating at New York's LaGuardia Airport (LGA) and Chicago O'Hare, and it was recently recognized for two prestigious awards. The "2021 Best Airport Innovation" by the APEX/IFSA Awards, and also a Gold Stevie® Award winner for The Best New Transportation Product or Service in The 2021 American Business Awards®.
The airline began developing the nation's first biometric photo-matching solution for domestic air travel in 2019 with its partner Materna Intelligent Passenger Solutions (IPS) North America. Spirit was also the first to pursue combining it with automated self-bag drop capabilities to reduce face-to-face interaction. Following an initial testing period at DFW with both manual ID check and biometric opt-in, the biometric photo-matching solution will eliminate the need to stop and hand government-issued identification to an agent when checking baggage.
Here's how biometric photo-matching works:
Guests start by tagging their own checked bags after checking in at the kiosk and then proceed to the automated self-bag drops.
Guests are advised of the biometric option after scanning their boarding pass at the self-bag drop unit. They may either opt in and continue unassisted or opt out for agent-assisted service.
Once the Guest opts in, the unit instructs them to scan their ID on the built-in hardware.
The unit compares its scan of the photo on the ID with a facial scan captured by its on-board camera, along with comparing identification information with the Guest's reservation details. None of the data is transmitted to any government agency.
A successful match initiates the rest of the automated bag check-in process. Guests are instructed to place their bags on the conveyor belt attached to the unit, which then scans the bags, weighs them, accepts payment for any additional optional services, and sends them straight into their airport's checked baggage system without any further action from the Guest.
"We've been on a mission to find opportunities to continue improving every facet of the Guest experience, to include investing in automation and self-service to streamline the travel journey so Guests spend less time in lobbies,Our Guests are tech-savvy, and they appreciate options. Also, limiting touchpoints and unnecessary face-to-face interactions is currently changing the way airports operate."
-Mike Byrom, Vice President of Airport Services for Spirit Airlines.
Dallas Fort Worth International Airport is committed to identifying and testing innovative solutions that deliver secure, efficient and frictionless customer experiences," said DFW Airport Vice President of Innovation Jodie Brinkerhoff. "We are excited to support our partner Spirit Airlines as it introduces a self-directed, biometrically enabled check-in and bag drop process—which ultimately provide the customer with greater control and fewer requirements for face-to-face processing and document exchanges.
Spirit Guests currently check between 400–500 bags daily at DFW and growing, and each of which represents a face-to-face interaction that can be streamlined. Testing data shows the new procedure drops average processing time to just 70 seconds per Guest, reducing time spent at bag check by 30 percent. Additionally, Guests can take advantage of the time savings and reduction in face-to-face interactions whether they're travelling domestically or internationally.
The self-bag drop system uses software capable of analyzing key physical features on more than 50,000 forms of ID from nearly 200 countries that a Guest could potentially use when travelling in the United States. Combined with the units' scanning hardware, the software confirms the authenticity of an ID and rejects fraudulent documents.
About Spirit Airlines:
Spirit Airlines (NYSE: SAVE) is committed to delivering the best value in the sky. We are the leader in providing customizable travel options starting with an unbundled fare. This allows our Guests to pay only for the options they choose — like bags, seat assignments and refreshments something we call Á La Smarte. We make it possible for our Guests to venture further and discover more than ever before. Our Fit Fleet® is one of the youngest and most fuel-efficient in the U.S. We serve destinations throughout the U.S., Latin America and the Caribbean, and are dedicated to giving back and improving those communities. Come save with us at spirit.com.
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.