Peru working to welcome more tourists to Machu Picchu

eTurboNews | April 10, 2019

The Executive Branch of the Government of Peru is working on a land management proposal for Machu Picchu said Prime Minister Salvador del Solar in order to increase the number of tourists to the Inca citadel of Machu Picchu in the Cusco region while also improving the experience and enhancing the impact of tourism in Cusco

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Cytric Travel by Amadeus provides customers with a flexible and cost-efficient business travel management system. With trip planning, booking, and reporting, our solution gives corporations complete control and visibility of their travel investment across the entire booking process.

Spotlight

Cytric Travel by Amadeus provides customers with a flexible and cost-efficient business travel management system. With trip planning, booking, and reporting, our solution gives corporations complete control and visibility of their travel investment across the entire booking process.

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TRAVEL TECHNOLOGY,HOSPITALITY TRENDS

Agilysis Dispenses Cloud Native PMS to Marriot International

Agilysis | January 04, 2023

Agilysis, a provider of hospitality software solutions, recently announced a partnership between Marriott International, Inc. and Agilysis, a cloud-native property management system (PMS) software provider. Agilysys and Marriott will collaborate to form a cohesive strategy and activation plan before taking steps to replace the various proprietary property management systems currently in use. Agilysys remarked that it is looking forward to deploying its cloud-native PMS that is easy to use, comprehensive in functionality, and backed up by world-class service and support. As an organization focused solely on hospitality, Agilysys designs solutions to serve all hotel types while also accommodating diverse needs, which is an advantage for organizations with extensive brand portfolios such as Marriott. Being chosen to provide property management technology to the world's leading hospitality corporations to help them meet the growing needs of the next generation of employees and guests is a testament to the hospitality solution advancements resulting from the company's substantial investments in research and development and its accelerating rate of innovation. Adding to this, Marriott International said that it is also looking forward to utilizing Agilysys’ property management technology to elevate and simplify the associate experience, enabling them to focus on delivering exceptional guest service. About Agilysis Agilysys delivers hospitality-focused technology solutions. The company offers point-of-sale, property management, inventory and procurement, analytics, payment processing, document management, mobile solutions, support, maintenance, professional services, and third-party hardware products and operating systems. It offers innovations for the hotel industry, diverse capabilities for different properties, and cloud-native technology that makes work easier for staff and improves the guest experience.

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HOSPITALITY TRENDS

Competition for Leisure Guests Heats Up Between Hotels and Short-Term Rentals

AirDNA | November 15, 2022

A new joint report from hospitality data supplier STR and short-term rental analytics provider AirDNA shows that competition between short-term rentals and hotels has accelerated in the fight for leisure guests, with the price gap tightening and rental supply falling behind in urban markets.During the pandemic, the U.S. short-term rental sector used its supply flexibility to recover faster than hotels, especially in coastal and mountain destinations, pushing rentals' market share to a record 17% of total lodging in summer 2020. Hotels retargeted towards leisure guests to reclaim demand, focusing on urban areas, pushing short-term rentals' market share back to below its pre-pandemic trajectory. "During the pandemic, short-term rentals had an advantage over traditional hotels due to consumer perception of better COVID-19 safety, Now in 2022, hotels can compete on price and have claimed demand on key holidays where, pre-pandemic, they typically lost out on leisure travelers." -AirDNA Vice President of Research, Jamie Lane Hotels Lead in Cities In large cities, short-term rental supply contracted dramatically as demand dropped off in 2020, while government subsidies helped to reduce permanent closures of hotels. As urban demand began to recover in 2022, hotels were ready to accommodate travelers, while urban rental supply remains 17% below 2019. With strict regulations limiting short-term rentals in cities like New York and San Francisco, which both lost 25% of their pre-pandemic supply levels, supply is unlikely to fully recover in these areas. "Looking to the future, hotel supply will likely remain strongest in urban and suburban locations, with low development in coastal and rural areas due to higher barriers to entry, where short-term rentals will likely see more opportunity for growth," -STR's Vice President of Analytics Isaac Collazo. A new STR survey of more than 1,000 travelers shows that value for money is an important factor for rental guests, even more than hotel guests. Despite the perception that rentals are cheaper, in 2019, hotels and comparably-sized rentals were priced around the same, except in urban locations. In large cities, hotels were priced 42.9% higher than rentals, but that gap has closed to 26.6% in 2022. Hotels are now offering lower rates than rentals in all location types except urban and coastal resorts, where the difference is 10%. While rentals' market share is highest in coastal and mountain or lake destinations, in urban and suburban locations their share has flattened or declined. Rentals should continue to grow their market share, albeit at a slower pace than pre-pandemic, led by expansion in resorts and small towns less well-served by traditional hotels. About AirDNA AirDNA helps hosts, property managers, and investors succeed in the short-term vacation rental market by turning rental data into actionable analytics. The Denver-based company has tracked the daily performance of 10 million vacation rentals in 120,000 global markets since 2014 to provide real-time market insights. Their range of online and exportable reports offer a solution for everyone in the industry to analyze trends, price rentals, identify new investment opportunities, and benchmark performance. About STR STR provides premium data benchmarking, analytics and marketplace insights for the global hospitality industry. Founded in 1985, STR maintains a presence in 15 countries with a North American headquarters in Hendersonville, Tennessee, an international headquarters in London, and an Asia Pacific headquarters in Singapore. STR was acquired in October 2019 by CoStar Group, Inc. (NASDAQ: CSGP), the leading provider of commercial real estate information, analytics and online marketplaces.

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AIRLINES AND AIRPORTS

Eviation Announces Letter of Intent for the All-Electric Alice from Air New Zealand

Air New Zealand | December 14, 2022

Eviation Aircraft, a manufacturer of all-electric aircraft, announced that Air New Zealand has signed a Letter of Intent (LOI) for up to 23 aircraft as part of its Mission NextGen Aircraft program. The airline is the first national flag carrier to sign a letter of intent to order as part of its ambitious initiative to lead the roll out of zero-emission airplanesThe nine-seater Alice is the first flight-proven all-electric commuter aircraft and promises to usher in a new era of carbon-free, cost-effective and convenient aviation. Alice is powered by two magni650 electric propulsion units developed by magniX, the global industry leader in flight-proven electric propulsion systems. Built from a clean-sheet design, the aircraft costs significantly less to operate per flight hour compared to light jets or high-end turboprops. "Regional flights make up a sizeable proportion of Air New Zealand's routes. The Alice offers an effective way to decarbonize these journeys, revolutionizing air travel and supporting the goals of the Mission NextGen Aircraft program, New Zealand has earned a proud reputation for its progressive attitude and wide-ranging policies towards the climate challenge. The Alice is a beautiful aircraft that will delight airline operators and passengers. Seeing it soar through the skies of New Zealand is a magical prospect, and I pay tribute to Air New Zealand's commitment to innovation and sustainability." -Gregory Davis, President and CEO of Eviation This endorsement from a national flag carrier shows how the Alice has captured the imagination of the marketplace," said Eddie Jaisaree, Vice President, Commercial Sales at Eviation. "New Zealand has just experienced its warmest, wettest winter on record. As the impacts of climate change become more apparent and efforts to regulate aviation's carbon emissions intensify, we are excited for how the Alice will help Air New Zealand to lead the airline industry into a sustainable future. Tackling Climate Change with Innovation Air New Zealand's Mission NextGen Aircraft program was announced last month with the goal of accelerating the adoption of zero-emission aircraft. The airline is aiming to have its first zero emissions flight from 2026. "Mission NextGen Aircraft represents a significant commitment to the development of sustainable aircraft and the supporting infrastructure needed to decarbonize our domestic flights," said Greg Foran, CEO of Air New Zealand. "Eviation's all-electric Alice aircraft is a natural fit for the program with its proven technology that is optimized for short-range flights." About Eviation Aircraft Based in Washington State, Eviation Aircraft Inc. develops and manufactures electric aircraft to delight operators and passengers with green, cost efficient and convenient regional transportation. Its electric propulsion units, high-energy-density batteries, mission-driven energy management, and innovative airframe are designed from the ground up for electric flight. Please visit us at www.eviation.com. About Air New Zealand Air New Zealand's story started in 1940, first taking to the skies between Auckland and Sydney on a flying boat. Known for its warm Kiwi hospitality, today the airline has 98 operating aircraft ranging from Boeing 787-9 Dreamliners and Airbus A320s to ATRs and Q300s. Air New Zealand has a well-connected domestic business, connecting customers and cargo to 20 different regions around New Zealand. Internationally, the airline has direct flights to major cities across Australia, Asia, the Pacific Islands and the U.S., and through its strong relationships with alliance partners, offers customers more choice and convenience to connect further afield to hundreds of destinations. Air New Zealand has a particular focus on sustainability and its Sustainability Framework helps guide the airline's efforts in tackling some of New Zealand's and the world's most complex challenges

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