NYC & Company | July 08, 2020
NYC & Company’s Coalition for NYC Hospitality & Tourism Recovery introduced The Roadmap for Tourism’s Reimagining and Recovery; All In NYC, a revitalization campaign; and a Stay Well NYC Pledge. The Roadmap for Tourism’s Reimagining and Recovery features three stages – Rise, Renew and Recover whose “messaging and tourism-friendly programs will target first hyper-locally to metro residents, then as conditions allow, will expand to regional, domestic and, ultimately, to international travelers,” the coalition said.
Tuniu | December 27, 2021
Tuniu Corporation (Nasdaq:TOUR) ("Tuniu" or the "Company"), a leading online leisure travel company in China, announced that certain senior management members of Tuniu, consisting of Mr. Donald Dunde Yu, founder, chairman and chief executive officer, Mr. Wei Zhang, executive vice president, and Mr. Anqiang Chen, financial controller, as well as certain employees of Tuniu, intend to use their personal funds to purchase the Company's American depositary shares ("ADS") on the open market for an aggregate amount up to a maximum of US$2 million within the next 6 months, pursuant and subject to the restrictions of, and consistent with, the applicable laws and regulations and the Company's securities trading policy.
"Although the recovery of the overall travel industry has experienced setbacks due to Covid-19, we remain confident in the long-term prospects of both the industry and Tuniu,We will continue to focus on providing high-quality products and services in order to strengthen our key competitive advantages and be well-positioned to better capture opportunities as the market recovers."
-Mr. Donald Dunde Yu
) is a leading online leisure travel company in China that offers a large selection of packaged tours, including organized and self-guided tours, as well as travel-related services for leisure travelers through its website tuniu.com and mobile platform. Tuniu covers over 420 departing cities throughout China and all popular destinations worldwide. Tuniu provides one-stop leisure travel solutions and a compelling customer experience through its online platform and offline service network, including a dedicated team of professional customer service representatives, 24/7 call centers, extensive networks of offline retail stores and self-operated local tour operators. For more information, please visit http://ir.tuniu.com.
FEATURES AND ADVICE
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.
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.