FEATURES AND ADVICE
Travel Insured International | October 06, 2021
Travel Insured International has launched its new, cruise-specific travel protection product, Cruise Trip Protector. As part of Travel Insured's Tour Protector series, this product is designed to meet the needs of today's cruise passenger.
Along with pre-departure benefits like Trip Cancellation and optional Cancel for Any Reason, this plan offers post-departure coverages like Single Supplement, Missed Tour or Cruise Connection, and Trip Delay. Cruise Trip Protector also includes additional benefits for recent requirements by some cruise providers for extra coverage related to Accident & Sickness Medical Expense and coverage for Medical Evacuations.
Recent Cruise Requirements: Medical Expense and Evacuation Coverage
As the travel industry continues to adapt, it's important for travelers to understand the safety requirements of each cruise line. Some cruise providers are mandating travel insurance for unvaccinated passengers setting sail from Florida and requiring each unvaccinated guest to provide proof of insurance with Accident and Sickness Medical Expense coverage and Emergency Medical Evacuation coverage that meets certain minimum standards.
Travel Insured's Cruise Trip Protector provides travelers with up to $50,000 in Accident & Sickness Medical Expense coverage and up to $250,000 in Medical Evacuation coverage.
Other Cruise-Specific Benefits
As a niche travel product, Cruise Trip Protector includes valuable, relevant insurance benefits just for cruisers. Missing a cruise connection, facing delays or diversions, and issues related to single supplement pricing are all unique challenges for which the plan benefits can provide assistance. Cruise Trip Protector also features the optional Travel Inconvenience benefit which pays a stated amount per stated inconvenience.
Missed Tour or Cruise Connection: Applies if you miss your cruise departure because your arrival at your trip destination is delayed for at least three hours. This benefit reimburses up to $500 in certain unplanned losses and expenses, including the additional transportation cost to join your trip if your delay is caused by a covered reason.
Single Supplement: This benefit may apply if you experience a change in the per person occupancy rate for your pre-paid, non-refundable lodging. If a person booked to share accommodations with you cancels or interrupts his/her trip due to any of the covered reasons applicable to Trip Cancellation or Trip Interruption and you do not cancel or interrupt your trip, you could be eligible for reimbursement up to the stated maximum benefit amount.
Optional Travel Inconvenience: This optional benefit upgrade includes 15 covered reasons. This pays a fixed amount per stated inconvenience up to a benefit maximum. Some of the reasons include:
Cruise Disablement: Applies if you are confined for more than 6 hours on the cruise ship without one or more of the following essential provisions: power, food, water, or restroom facilities or due to a crime that occurs on the cruise while on a Trip.
Cruise Diversion: Applies if your cruise does not stop at a scheduled port of call due to inclement weather, a natural disaster, a hijacking, an unannounced strike, a civil disorder or riot, a Terrorist Incident, a mechanical breakdown or a medical incident involving another passenger on the ship.
"Travel insurance is no longer one-size-fits-all, Consumers want to pair their trip with the right coverage, not necessarily a product designed as a catch-all with benefits that may not apply to them. We created this product to provide cruisers with a combination of our core travel protection products and new benefits that are relevant to their specific trip type."
says Travel Insured's VP of Strategic Partnerships, Isaac Cymrot.
Cancellation Coverage for the Unexpected
Travelers can plan their cruises with confidence knowing there are 25 covered reasons for Trip Cancellation included under the Cruise Trip Protector plan. This includes a Trip Cancellation peril for insufficient or excessive water levels regarding river cruises.
This product also features Cancel for Any Reason coverage as an optional benefit upgrade. Each cancellation benefit has different requirements and reimbursement amounts.
Trip Cancellation: The Trip Cancellation benefit is included in the base Cruise Trip Protector coverage. Cancelling your trip for a covered reason any time prior to the scheduled departure date can reimburse up to 100% of your pre-paid, non-refundable trip cost.
Water Level Cancellation Peril: This peril may apply if your river cruise is unable to operate or complete its scheduled itinerary due to insufficient or excessive water levels along the scheduled cruise itinerary route. Proof of the river cruise diversion must be documented by the Travel Supplier
Optional Cancel for Any Reason (CFAR): CFAR can be added to the Cruise Trip Protector at an additional cost to cover cancellations outside of what is covered under the Trip Cancellation benefit. CFAR can reimburse up to 75% of prepaid, non-refundable trip cost if you cancel your trip for any reason at least 48 hours prior to your scheduled departure date. CFAR must be purchased within 21 days of the date your initial deposit made toward your trip is received. Additional terms apply.
About Travel Insured International
Founded in 1994, Travel Insured International (TII) is a leading travel insurance provider, offering quality worldwide travel insurance protection for more than 25 years. Products include Emergency Assistance and Evacuation, Trip Cancellation and Trip Interruption Protection, Baggage Insurance, Airline Ticket Protection, and plans that include medical benefits. TII is part of the Crum & Forster Accident & Health Division. Rated A (Excellent) by A.M. Best (2020), Crum & Forster is a national property and casualty group of insurance companies owned by parent company Fairfax Financial Holdings Limited. Since 2000, Crum & Forster Accident & Health has offered a robust portfolio of specialty insurance and reinsurance products, including medical stop loss and excess, specialty risk, pet, travel and other voluntary and affinity benefits.
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.
Booking.com | November 15, 2021
Booking.com, announced the inaugural launch of its Travel Sustainable badge, a credible, globally relevant sustainability measure that will provide highly coveted information to travellers all over the world looking to make more sustainable travel choices. Designed to be applicable to a wide range of property types, from apartments, B&Bs and holiday homes to hotels, resorts and even treehouses, and adaptable to local realities and considerations, the initiative is a first of its kind in the industry.
Considering that 64% of travellers state they want to stay in a sustainable accommodation in the upcoming year and with more than 28 million listings on Booking.com, the company sees a tremendous opportunity to showcase more of the impactful efforts its partners are taking to create more sustainable experiences, and in turn, make it easier for travellers to find a sustainable way to stay. With three-quarters (63%) indicating they would be more likely to choose a specific accommodation implementing sustainable practices, it rewards and further encourages providers to take the next steps on their individual sustainability journeys.
"Building a truly sustainable travel industry will take time, coordination and concerted effort, but progress is possible through continued innovation, partner support and industry collaboration,We are recognising the sustainability efforts of a broader range of properties around the world in a credible and transparent way for consumers. Displaying the practices they have in place makes it easier for everyone to make a more informed and hopefully more sustainable choice for their next trip, no matter where they want to go. Thus also inspiring even more of our partners to take the next step to operate more sustainably".
-Marianne Gybels, Director of Sustainability at Booking.com
Part of Booking Holdings Inc. (NASDAQ: BKNG), Booking.com's mission is to make it easier for everyone to experience the world whenever it's safe to do so again. By investing in the technology that helps take the friction out of travel, Booking.com seamlessly connects millions of travelers with memorable experiences, a range of transportation options and incredible places to stay -from homes to hotels and much more. Booking.com is available in 44 languages and offers more than 28 million total reported accommodation listings, including more than 6.6 million listings of homes, apartments and other unique places to stay.