Sabah sees arrival of more than 1 million tourists from January to May this year

Travel And Tour World | June 24, 2019

Sabah sees arrival of more than 1 million tourists from January to May this year
There are more than one million tourists visited in Malaysian state Sabah from January to May this year, with 662,560 of them being domestic & local tourists and 371,311 million foreigners who arrived on flights via the Kota Kinabalu International Airport.The Deputy Chief Minister of Sabah Datuk Christina Liew said that the state government had set a target for four million tourist arrivals this year, compared to 3.8 million last year.

Spotlight

Crowdvilla aims to provide true sharing of its global portfolio of hotels and holiday properties on the blockchain. Based on the concept of the common good, Crowdvilla’s community pools their resources to acquire properties together for their shared use. The portfolio would ideally occupy the casual luxury segment that has broad appeal to internationally-mobile businesses and holiday travellers.

Related News

TRAVEL TECHNOLOGY

WCI Technologies and Lumen Deliver Secure Connectivity for the Travel and Hospitality Industry

WCI Technologies, Lumen Tehcnologies | September 13, 2021

WCI Technologies, a World Cinema enterprise offering, in collaboration with Lumen Technologies, is delivering a range of network and IT services to the travel and hospitality industry. Most recently, these services helped enable hotel management company Remington Hotels to deliver a better guest experience with increased connectivity for guests who opt to use digital amenities, like mobile entry and virtual check-in and check-out. Working with WCI Technologies, a Lumen Channel Partner Program member, Texas-based Remington Hotels updated their wireless connectivity services at properties across the nation to provide enhanced performance, reliability and security. “Technology plays a role in every aspect of the travel industry and is only becoming more vital. We’re very excited to add value to our customers through a secure foundation of connectivity services,” said Robert Grosz, Executive Vice President and Chief Commercial Officer, WCI. “WCI Technologies, in collaboration with Lumen, is expanding our advanced services portfolio and transforming our great legacy brand into a global technology leader in the industry.” As a Lumen Channel Partnership Program member, WCI Technologies can utilize the flexible, fully integrated portfolio of network and IT services provided by Lumen that spans infrastructure, applications, services and geographies to enable greater adaptability for customers. Offerings include a range of managed network and IT services designed for easy installation, maintenance, monitoring and management, thus simplifying the path to deployment and use. “As businesses are using tech to fuel change and supercharge the customer experience, our Partners can leverage our solutions and expertise to help accelerate growth, increase efficiencies and exceed customer expectations,” said David Young, senior vice president, strategic sales for Lumen. “Our Channel Partner program is about making connections – not just to our global network and technology solutions, but also to a network of support, resources and training that can help companies deliver new opportunities and experiences.” "Our partnership with WCI Technologies and Lumen has allowed us to deploy secure connectivity throughout our portfolio, catered to our modern-day traveler. Having partners that are committed to the success of the hotel industry despite the challenges of the pandemic is key. Their innovative technology paired with their top-of-the-line customer support has been a game-changer,” Said Stan Kennedy, Chief Operating Officer, Remington Hotels. Companies are moving towards hybrid cloud environments to leverage the hyper-scalable user experience of the cloud. Digital transformation is underway and when connecting to cloud service providers, flexible bandwidth capabilities and low latency are the top features required. WCI will focus on bringing solutions that address these business needs to its existing portfolio customers. About WCI: Headquartered in Houston, WCI is a market leader innovating and delivering technology and services to guest-centric properties. The company was the first technology service provider to hotels nationwide, beginning in 1974. Today, WCI is building on that legacy as a stable and trusted provider of video, data and connectivity services to some of the largest owners and managers of hotel and multifamily brands in the world.

Read More

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.

Read More

Avoya Travel Pivots to Online Platform for 2020 Avoya Conference

Avoya Travel | August 25, 2020

Avoya Travel®, one of the travel industry’s most innovative brands, has announced they are changing the “venue” for their annual Avoya Conference to an online platform following the recent success of their first-ever Avoya Mastermind Virtual Land Forum. Originally scheduled to take place onboard the Celebrity Equinox October 20-26, 2020, the 2020 Avoya Conference will now feature two separate events spanning eight total days, October 19-22, 2020 and December 1-4, 2020. The two-part Conference was adapted to an online platform to protect the health and safety of the Independent Agencies in the Avoya Network, Avoya Travel’s staff, and Avoya’s preferred supplier partners considering the current environment.

Read More

Spotlight

Crowdvilla aims to provide true sharing of its global portfolio of hotels and holiday properties on the blockchain. Based on the concept of the common good, Crowdvilla’s community pools their resources to acquire properties together for their shared use. The portfolio would ideally occupy the casual luxury segment that has broad appeal to internationally-mobile businesses and holiday travellers.