Peakwork develops new solutions for efficient data management

TravelDailyNews International | March 04, 2020

Peakwork has been focusing on handling ever-increasing data volumes and demonstrates how data can both be controlled and managed efficiently, as well as used to optimally adapt the travel offers portfolio to meet traveler needs and increase booking rates. Hybrid technology: Efficient connectivity of travel offers. The number of travel offers is continuously increasing. As a result, hosting and traffic costs for providers are also on the increase. Peakwork now optimizes the connectivity of travel offers and combines caching technology with live API requests for long-tail products that are less frequently requested. The powerful caching technology delivers search results and matching trips within milliseconds. This technology will continue to be used for travel offers that are frequently requested, for example to top destinations and typical travel durations, such as 7 or 14 nights. For destinations that are less frequently demanded and booked, the offer data can be requested live, directly in the tour operators’ or suppliers’ systems. This intelligent data management allows the tour operator to focus on offers that are actually requested and booked by customers. Even supplier and airline offers, that can only be requested via real-time API, will now be available. The advantages of this flexible offer connectivity include the positive effects on the size of the tour operator and supplier caches, more efficient offer production and hosting as well as a faster time-to-market.

Spotlight

This study of real-world travel purchases, alongside detailed behavioral data, will help you to understand the steps consumers go through to arrive at their final bookings. EyeforTravel and Jumpshot tracked more than a quarter of a million travel purchasers across five countries through clickstream data and consumer surveys to build a picture of the path to purchase.

Spotlight

This study of real-world travel purchases, alongside detailed behavioral data, will help you to understand the steps consumers go through to arrive at their final bookings. EyeforTravel and Jumpshot tracked more than a quarter of a million travel purchasers across five countries through clickstream data and consumer surveys to build a picture of the path to purchase.

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COMMERCIAL TRAVEL

Snowfall launches Junction - the travel platform for a new generation

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 About Snowfall 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.

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INDUSTRY OUTLOOK

CELEBRATE NATIONAL PLAN FOR VACATION DAY BY BOOKING YOUR NEXT TRIP WITH A TRAVEL ADVISOR

Internova Travel Group | January 27, 2022

Travel industry surveys show that many people don't use all of their vacation days during the year, affecting their health, relationships and job performance. That's why today's National Plan for Vacation Day (NPVD), powered by U.S. Travel Association, encourages Americans to plan their vacation days for the entire year at the start of the year. By planning ahead, people are more likely to take that well-deserved time off and are happier and healthier as a result.And, according to a survey by Internova Travel Group, one of the world's largest travel services companies, nearly 80 percent of Americans prefer working with a human being instead of an online travel agency to plan their next vacation. The level of personal care provided by a travel advisor is something that can't be replicated online, a consideration that's become especially apparent in the wake of the pandemic, when many consumers had their travel plans disrupted. "Americans' vacation time is precious, so when they want to get away, they should get advice from an experienced professional who can steer them toward the options that will make their trip a cherished memory long after they return home," -J.D. O'Hara, CEO of Internova Travel Group. The value that travel advisors bring to the table is incredibly underestimated. They're passionate travelers themselves, and they use that firsthand knowledge to benefit their clients. The deep relationships they've developed with suppliers in transportation, accommodations and attractions help ensure that their clients' travel dollars go further. A travel advisor is also available to help clients with questions or problems at any point during a trip—a value point that has become especially noticeable as travel has become more complex. Moreover, working with a travel advisor can lead to an enhanced vacation with complimentary perks and surprises. SELECT Hotels & Resorts, for example, is a competitive, value-added amenity program presented by Internova Travel Group, and is made up of more than 1,400 of the world's most distinguished premium properties. The program offers exclusive amenities, creating memorable experiences for consumers who book through their travel advisor. SELECT In-Country Partners is a carefully vetted international portfolio of over 100 Destination Management Companies (DMCs) and Specialty Tour Operators located in over 150 countries across the globe that specialize in providing customers with the ultimate luxury travel experience. Partners can offer customized experiences, VIP ground assistance, special access to museums, venues, people and places, unique accommodations with special amenities, private guides and in-country knowledge and expertise when booked through a travel advisor. Whether you know where you want to go or you're looking for suggestions, our travel advisors have unlimited ideas that will help you plan the ideal getaway, O'Hara said. To find a travel advisor, consumers can visit Internova's BookHuman.Travel web site. Internova's latest "Go Human. Book Human." advertising campaign was designed to make people fall in love with the idea of booking travel with actual people versus doing it alone online. Ironically, the most innovative component of the human-centered campaign, is the web experience. In an industry first, BookHuman.Travel reimagines advisory services by bringing together emerging technologies and a customer experience focus. The site connects consumers directly with human travel advisors across the U.S. from Global Travel Collection, the luxury and premium travel division of Internova Travel Group. AboutInternova Travel Group Internova Travel Group is one of the largest travel services companies in the world with a collection of leading brands delivering high-touch, personal travel expertise to leisure and corporate clients. Internova manages leisure, business and franchise firms through a portfolio of distinctive divisions. Internova represents more than 62,000 travel advisors in over 6,000 company-owned and affiliated locations predominantly in the United States, Canada and the United Kingdom, with a presence in more than 80 countries.

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HOSPITALITY TRENDS

ETF Industry Leader Kevin Kelly Launches New Business, Introduces Cutting-Edge Suite of ETFs

Kelly ETFs | January 17, 2022

Kelly ETFs, a new exchange-traded fund (ETF) issuer that seeks to bring forward-looking and disruptive investment products to market, officially launches. The firm’s first round of innovative ETFs also began trading, including: The Kelly CRISPR & Gene Editing Technology ETF (Nasdaq: XDNA). XDNA is designed to capitalize on the next generation of healthcare by investing in companies disrupting the genomic and life science industries. The fund seeks to track the Strategic CRISPR & Gene Editing Technology Index, which measures the performance of developed market companies that specialize in DNA modification systems and technologies. The subsectors of this fund include CRISPR & Gene Editing Technology, Gene Editing Development Solutions and Gene Editing Sequencing Solutions. The Kelly Hotel & Lodging Sector ETF (NYSE Arca: HOTL). The lodging ecosystem includes many specialized players, and by seeking to track the Strategic Hotel & Lodging Sector Index, HOTL offers exposure to companies focused on hotel and lodging management and operations, lodging platform services, timeshare properties and real estate throughout the developed world. The hotel and lodging sector acts as an effective economic barometer as it uniquely captures both leisure and business spending across various income levels. The Kelly Residential & Apartment Real Estate ETF (NYSE Arca: RESI). RESI aims to track the Strategic Residential & Apartment Real Estate Sector Index, which targets the entire residential and multifamily real estate industry by giving investors access to companies specializing in single-family residential homes, apartment buildings, student housing and manufactured homes. “At Kelly ETFs, we believe investors deserve access to strategies handcrafted with a deep and nuanced understanding of the forces driving the trends and transformations happening every day,We are particularly excited about the promising innovation occurring in CRISPR and gene editing technology. Scientific understanding of DNA is significantly more advanced today than even a few years ago and we’re thrilled to be in on the ground floor.” -Kevin Kelly, Founder and CEO of Kelly ETFs. Kevin Kelly is an established ETF expert with nearly two decades of financial industry experience. He also serves as the CEO of Kelly Benchmark Indexes, the index provider and sponsor of the SRVR and INDS ETFs. In regard to residential real estate, historically low housing supply comes at a time when household growth – the primary driver of housing demand – is strong and accelerating,” noted Krista Kelly, who will oversee the firm’s operations and distribution. “Meanwhile, the hotel and lodging sector is seeing favorable market conditions as business spending is set to increase over the next several years. Kelly Intelligence is the adviser and index provider for these funds. To learn more about Kelly ETFs and its product suite, please visit KellyETFs.com. About Kelly ETFs Kelly ETFs strives to create disruptive exchange-traded funds (ETFs) that offer investors the opportunity to capture highly liquid, pure-play exposure to the best-in-class companies identified in each emerging theme or sector, regardless of geographical location. Based in Denver, the team is committed to building investment products with exposure to the world’s most transformative companies and industries. For more information, visit KellyETFs.com.Residential and Apartment Real Estate Companies Investing Risk. Real estate is highly sensitive to general and local economic conditions and developments. The U.S. real estate market may, in the future, experience and has, in the past, experienced a decline in value, with certain regions experiencing significant losses in property values. Many real estate companies, including REITs, utilize leverage (and some may be highly leveraged), which increases investment risk and the risk normally associated with debt financing, and could potentially increase the Fund’s volatility and losses.Hotel and Lodging Industry Risk Companies in the hotels, resorts sub-industry may be affected by unique supply and demand factors that do not apply to other sub-industries. Weak economic conditions in some parts of the world, changes in oil prices and currency values, political instability in some areas, and the uncertainty over how long any of these conditions could continue may have a negative impact on the lodging industry. DNA Modification Technology Company Risk. DNA modification technology companies face intense competition, and products and services with a potentially short product life. These companies will generally require large amounts of capital expenditures on research and development, with no guarantee that the product or service would be successful. They may be heavily dependent on intellectual property rights. The laws related to these rights can vary and there is no guarantee that a company will be able to successfully protect their intellectual property rights. These companies, like other health care companies, are subject to various government and regulatory oversight that could hamper or impede their operations.

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