Rio Grande tourism in New Mexico seeing a robust growth

Travel and Tour World | May 13, 2019

The rafting and angler guides are predicting a good season for Rio Grande tourism in New Mexico thanks to strong runoff generated by a good snowmelt this year. A healthy snow patch this winter is feeding the Rio Grande with much-needed water after long dry spells stemming from drought. This year, the National Weather Service in Albuquerque predicts runoff to be at least 148% of normal through June.The water levels were 50% of normal in 2018. Parts of rivers were bone dry or only inches high. Fish — such as trout in the Pecos River — died off and long sandbars formed along once-wet areas.

Spotlight

For this list, we’re breaking down everything you need to know before booking your next cruise. From tips and tricks to things you should avoid, we’re taking a deep dive to ensure your cruise is as enjoyable as possible.

Spotlight

For this list, we’re breaking down everything you need to know before booking your next cruise. From tips and tricks to things you should avoid, we’re taking a deep dive to ensure your cruise is as enjoyable as possible.

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BUSINESS TRAVEL

CWT Enters into Agreement with Financial Partners to Recapitalize Business as Business Travel Recovery Gains Momentum

CWT | September 16, 2021

CWT, the Business-to-Business-for-Employees travel management platform, announced that it has entered into an agreement with financial stakeholders representing over 90% of the Company’s outstanding debt to recapitalize the business and further strengthen CWT’s financial position as the recovery in business travel continues to gain momentum in key markets around the world. CWT expects to begin soliciting formal approval of the plan from its existing financial stakeholders in the next few weeks and to finalize implementation of the plan later this year. Key terms of the agreement, entered into with financial stakeholder Barings LLC, among others, include: Adding $350 million of new equity capital into the business; Eliminating almost $900 million of debt by replacing CWT’s existing $1.5 billion in debt with new first lien debt of $625 million issued at market rates and a new undrawn revolving credit facility; Providing CWT with substantial long-term liquidity through the resulting balance sheet cash and new revolving credit facility; and Providing for all business partners and other providers of goods and services to CWT to be paid in full. CWT expects to begin soliciting formal approval of the plan from its existing financial stakeholders in the next few weeks and to finalize implementation of the plan later this year. “This is great news for CWT and our stakeholders, highlighting the progress we have made to position CWT for long-term success and providing significant financial resources to further grow and develop our business,” said Michelle McKinney Frymire, CWT’s Chief Executive Officer. “This is an important and exciting time for travel, as the industry is seeing meaningful increases in demand for the first time since the start of the pandemic. As we ramp up operational capacity to continue serving our customers through the recovery, we are continuing to advance our strategic objectives, including driving innovation and delivering industry-leading solutions. We are pleased to be moving ahead with overwhelming support from our financial partners, who will become CWT’s new majority owners, underscoring their confidence in the market, CWT and our strategy and services.” Ms. McKinney Frymire added, “Implementation of this agreement will enable us to move beyond the pandemic, accelerate investments that create industry-leading experiences for our clients and travelers, and position CWT to benefit from the recovery already underway. Our teams have risen to the occasion and continued to meet high customer expectations at every turn despite the pandemic’s outsized impact on the travel industry. Looking ahead, our focus remains on providing best-in-class travel experiences for our customers and travelers while maintaining strong relationships with our partners, suppliers and other stakeholders. At the same time, we are excited to accelerate our strategic priorities. With travel demand now increasing, the actions we are taking will enable us to build on our industry-leading position.” Advancing CWT’s Strategy and Business Momentum CWT entered the pandemic with a track record of strong growth and delivering on its strategic priorities. Building on this success, CWT has used the period of COVID-related travel restrictions and related demand reductions to accelerate many of its strategic development plans and investments across its innovative products, program delivery and travel services. As the recovery in business travel, meetings and events gains momentum, CWT’s customer proposition is fundamentally stronger, broader and more robust. Among others, CWT’s many improvements to benefit travelers include: Patented algorithm search applications; A true omni-channel experience; More efficient follow-the-sun servicing capabilities; An enhanced digital hotel booking experience; Refined data analytics for greater insight and improving ROI; and Dedicated resources and services to enable a safe and secure return to travel. Since its inception, CWT has successfully delivered efficient, safe and connected travel programs from city centers to some of the most remote and hard-to-reach corners of the world, maximizing the potential of technological advancements and human ingenuity. Importantly, CWT believes that a true omni-channel experience brings together people and technology, and is essential for business travel and meetings & events now, and in the future, which is why the Company has been enabling solutions for the E in its B2B4E strategy. CWT’s early positioning as a platform business, enhanced by strategic physical operations, underscores the Company’s commitment to developing the next generation of skills, closing the gap between talent supply and demand, and future-proofing not only its own, but also its customers’ potential. As a result of this differentiated approach, CWT’s global connections, coupled with local knowledge and the application of innovative, patented platform technology, continue to benefit customers while enabling CWT to deliver unparalleled, valuable and seamless travel experiences. CWT is committed to remaining at the forefront of innovation, exceeding customer expectations long into the future, connecting people and helping businesses grow. About Barings Barings is a $382+ billion (as of 6/30/2021) global investment manager sourcing differentiated opportunities and building long-term portfolios across public and private fixed income, real estate, and specialist equity markets. With investment professionals based in North America, Europe and Asia Pacific, the firm, a subsidiary of MassMutual, aims to serve its clients, communities and employees, and is committed to sustainable practices and responsible investment. About CWT CWT is a Business-to-Business-for-Employees travel management platform. Companies and governments rely on us to keep their people connected – anywhere, anytime, anyhow – and, across six continents, we provide their employees with innovative technology and an efficient, safe, and secure travel experience.

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TRAVEL TECHNOLOGY

Travelpayouts Is Introducing the First Digital Partnership Platform for Travel Brands

Travelpayouts | December 22, 2021

During turbulent times of COVID-19, the travel industry has suffered greatly, especially small and medium sized businesses (SMBs). In the past years, marketing has been becoming increasingly expensive with the algorithm favoring established brands and the competition rising to the top. Small local travel businesses had been already struggling, and the pandemic hit marketing budgets even more. Besides, lack of ROI-based solutions and analytics are available on the market, where influencer marketing has become one of the main promotion channels - 76% of marketing teams are operating their influencer marketing manually.All those reasons prompted Travelpayouts to come up with the first automated partnership platform tailored specifically for travel brands. Travelpayouts Digital Partnership Platform gives travel brands access to 300,000 travel influencers and content creators worldwide. It is suitable for every brand - from small family-run businesses to international companies - and will allow to reach new customers, pay partners in a single transaction, benefit from AI brand-publisher matching, and track it all with insightful reporting. All features and tools reflect the specifics of the travel business. The platform simplifies management, automates fraud screening, and matches the brand with traffic that converts. That creates an unparalleled way for smaller brands to compete with giants, such as Booking.com or Expedia.com, since the platform highlights the most relevant brands for affiliates due to AI-powered "Matching Machine" — a highly anticipated feature that will help find the most relevant partners for every brand. About Travelpayouts It has been on the market for ten years and has over 300,000 partners around the globe, and brands, including Booking.com, Tripadvisor, Trip.com and many more, with $673M gross merchandise value of travel services via its platform. Brands are harnessing the cost per acquisition model to work with travel marketers and bloggers and enjoy revenue share where the brand pays only when they get some profits.The company verifies every marketing partner manually to make sure they are relevant. On top of it, the AI-based anti-fraud system will be able to assess all traffic to prevent any unwanted placements or marketing methods.

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HOSPITALITY TRENDS

INTERNOVA TRAVEL GROUP ADDS 128 LUXURY PROPERTIES TO SELECT HOTELS & RESORTS COLLECTION

INTERNOVA TRAVEL GROUP | February 11, 2022

Internova Travel Group, one of the world's largest travel services companies, is expanding its SELECT Hotels & Resorts collection with the addition of 128 expertly chosen luxury properties from aroundThese new partners range from traditional luxury hotels in the heart of the world's great cities to marvels of historic preservation and remote retreats set amid breathtaking landscapes. They join a collection of approximately 1,400 distinguished properties that offer special amenities to clients who book travel with advisors affiliated with Internova Travel Group's international family of travel brands. Guests who book their stay at a SELECT hotel or resort through a travel advisor affiliated with Internova can enjoy amenities that are unique to the program. Based on availability, those perks may include resort credits, room upgrades, complimentary breakfast, early check-in and late check-out and basic Wi-Fi. "The list of SELECT Hotels & Resorts has evolved to become even more carefully curated and to meet changing consumer preferences, It includes only those properties that demonstrate exceptionally high standards." As a result, Herrera added, "Internova's network of travel advisors can better assist their discerning clients in planning an incomparable luxury vacation." -Albert Herrera, Executive Vice President, Partner Relations at Internova Travel Group. This year's additions include Stanly Ranch, nestled in the wine country of northern California's Napa Valley; Costa Rica's Hacienda AltaGracia, a wellness resort on 180 acres of rolling hills and tropical forest; Umbria's soon to be re-opened Castello di Reschio, which offers a slice of timeless Italy; and Tanzania's Four Seasons Safari Lodge Serengeti, in the heart of the world's most celebrated wildlife preserve. Working with a travel advisor leads to greater satisfaction, better, more personalized travel experiences and overall peace of mind for travelers. For help navigating any travel plans, contact your Global Travel Collection, ALTOUR or Travel Leaders Network travel advisor or connect with one through Internova Travel Group 's BookHuman.Travel. Internova Travel Group represents more than 62,000 travel advisors worldwide. To find out more about Internova Travel Group's SELECT program, visit experienceselectnow.com. About Internova 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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