Otium Technologies | October 23, 2021
Otium Technologies is proud to announce its launch, which will bring blockchain to the travel and tourism industry. The company's mission is to revolutionize the traditional travel and tourism industry.In a bid to revolutionize the travel and tourism industry after the monumental impact caused by COVID-19, the team at Otium Technologies is pleased to announce the introduction of its project and service offerings to the leisure industry. Otium Technologies uses blockchain technology to proffer solutions to the wide range of challenges and problems bedevilling the industry.
The impact of the pandemic caused businesses to shut down, companies laid off their employees, revenue sources were affected, and a lot of damages. But Otium Technologies has the magic finger to rejig any business that was affected by the pandemic and subsequent lockdown imposed by different levels of governments.
What Is Otium Technologies
Spanish company that develops Blockchain-based solutions for the leisure and tourism sector.
Pioneers in the vacation leisure industry
Senior team of industry experts
Well connected with major tourism companies
Problems It Solves
Inspired by the concept of Socios.com, we will provide large companies in the sector with a tool to capitalize through their own token while interacting and building customer loyalty in a new way, while the user will have the possibility to feel part of their favorite brand, using their loyalty tokens in a practical and simple way, either by voting, investing or using them on the brand's products.
A tool that brings benefits to both outlets and users.
It shortens waiting times, optimizes processes, allows people to use crypto to pay and we add special features to make it go viral (such as sharing the address of their table and receiving paid beers from their colleagues!).Defi is here to stay and we want to be the bank of the future for the tourist, with Staking products redeemable for paid vacations and many other option.
It is a deflationary token that helps its value to increase
Just by tokenizing them in their wallet, their Otiums grow with each sale and for monthly tokenizers, an extra % of Otium will be distributed during the first year.People will be able to use them to pay in the F&B app and get discounts.As a holder people will be able to access the pre-sales of tokens of hotel chains and large tourism companies.
The company'sconsulting company will receive Otiums as a form of payment to encourage the purchase of Otiums.
Otium Technologies parades a team of credible and knowledgeable experts who are well-versed in travel and tourism, blockchain technology, and digital marketing. The team is led by Yan Garayalde, who happens to be the CEO & Founder of the project. He is ably assisted by Rafael Camps, who serves as the COO and CoFounder of the project.
Also on the team is Marco Taboas, who serves as a partner and Fernando Pareja, who is the Legal Adviser, offering useful legal guidance to comply with laid down rules and regulations. The team also includes Luca Longo and Benjamin Robles Pomar, who serves as the project designer and developer respectively.
About Otium Technologies
Otium Technologies brings blockchain to the travel and tourism industry. The project uses the best available technology, apps, and DApps to revolutionize the leisure Industry. Having experienced the COVID-19 crisis which wreaked havoc on the global economy, particularly the travel and tourism industry, Otium is committed to collaborate faithfully, adapt technological innovations, and leave no stone unturned to ensure that the industry jerks back to life. Otium is also committed to prepare the industry for new challenges and trends to come in the future.
To achieve this mission, Otium parades a team of highly intellectual personalities and experts in their various fields of endeavors for the tasks ahead. The team at Otium Technologies is ever-ready to collaborate with users, tourist destinations, and companies to advance the frontiers of the industry. The company's focus is to research and develop different solutions using powerful tools like blockchain technology.
Vacasa | February 14, 2022
As the season for Spring Break approaches, Vacasa (NASDAQ: VCSA) teamed up with Allison + Partners to see how many Americans are packing their bags, where they are heading, and what’s motivating their vacation plans. The survey* findings, released today in Vacasa’s 2022 Spring Travel Trends report, unearthed that travel is abloom this season—particularly for remote workers, millennials and parents—and that more people are planning to travel specifically for Spring Break 2022 compared to last year.
In the spirit of spring cleaning, Vacasa also scrubbed its search data to reveal the most popular destinations for vacation rentals this March, including Destin, Florida, and Gulf Shores, Alabama, among other sandy locales. Nearly one-third of travelers are booking vacation rentals for their spring getaways, because of value for money (65%) and/or access to a full kitchen (56%), according to the survey results. Those perks come in handy for the parents of young children, nearly half (49%) of whom say they’re opting for a vacation home as their lodging of choice.
Here’s a first look at a few of the travel trends expected to crop up and take root this season, with the full trend report available on Vacasa.com:
More than half (56%) of Americans are planning a trip this spring and 37% are planning to travel during Spring Break, specifically—an increase from the 29% who were traveling for Spring Break 2021.
The likelihood of travel is even higher for hybrid workers (86%), millennials (75%) and parents (63%), who are most likely to be packing their bags in the months to come.
Welcome back, friend. While one’s partner and/or kid(s) are still the go-to spring travel companions, the number of people planning to vacation with friends jumped from 16% in 2021 to 23% this year.
It’s near-even though on what motivates people most when it comes to travel: 32% of respondents said where they're going, while 28% said who they’re going with. But, even so, family and friend events like reunions and birthdays were the activities most likely to encourage a trip in 2022 (45% and 32%, respectively).
American travelers are mostly staying planted on U.S. soil, with 75% planning a domestic trip, 23% springing for a staycation, and 18% heading international—which is near-even with how many people planned to travel abroad in Summer 2019.
Of those planning to travel this spring, 75% say they plan to travel more frequently in 2022 than they did in 2021.
*Allison+Partners Research + Insights surveyed 1,000 individuals over the age of 18 in the United States. The survey was fielded using the Qualtrics Insight Platform, and the panel was sourced from Lucid. Fielding was executed in January 2022.
Vacasa is the leading vacation rental management platform in North America, transforming the vacation rental experience by integrating purpose-built technology with expert local and national teams. Homeowners enjoy earning significant incremental income on one of their most valuable assets, delivered by the company’s unmatched technology that adjusts rates in real time to maximize revenue. Guests can relax comfortably in Vacasa’s 35,000+ homes across more than 400 destinations in North America, Belize and Costa Rica, knowing that 24/7 support is just a phone call away. In addition to enabling guests to search, discover and book its properties on Vacasa.com and the Vacasa Guest App, Vacasa provides valuable, professionally managed inventory to top channel partners, including Airbnb, Booking.com and Vrbo.
Braemar Hotels & Resorts Inc | December 28, 2021
Braemar Hotels & Resorts Inc. (NYSE: BHR) ("Braemar" or the "Company") today announced it has entered into a definitive agreement to acquire the 96-room Dorado Beach, a Ritz-Carlton Reserve in Dorado, Puerto Rico (the "Property"). In addition, the Company is also acquiring the income stream attributable to fourteen luxury residential units adjacent to the Property that participate in a rental management program. The acquisition is expected to close on or prior to February 1, 2022, subject to certain customary closing conditions. Because the acquisition is subject to certain customary closing conditions, the Company can give no assurance that the transaction will be consummated by such date or at all.
"The acquisition of Dorado Beach, a Ritz-Carlton Reserve is an opportunity for us to acquire one of the most iconic luxury assets in the Americas As the first Ritz-Carlton Reserve in the Americas and one of only five Ritz-Carlton Reserve properties worldwide, this unique property fits perfectly with our strategy of owning high RevPAR luxury hotels and resorts and further diversifies our portfolio."
-Richard J. Stockton, Braemar's President and Chief Executive Officer.
With its premier beachfront location on the North coast of Puerto Rico, the Property is situated within Dorado Beach Resort, a 1,900-acre master planned community in one of the most sought after residential real estate markets in both Puerto Rico as well as the United States. In addition to the amenities of the self-contained Dorado Beach community, the resort also benefits from its location within the town of Dorado. Dorado is an upscale suburb of San Juan featuring many restaurants, retail outlets, and other amenities and leisure activities in the surrounding area. Additionally, the town is 20 miles from Old San Juan and 22 miles from Luis Muñoz Marin International Airport, making it very accessible from the capital city.
Dorado Beach, a Ritz-Carlton Reserve was opened in 2012 and underwent an extensive $78 million renovation in 2018. It has 96 luxurious and spacious rooms, including 12 suites, that average 1,288 sq. ft. in size. The hotel offers an array of amenities, including the award-winning, full-service, 5-acre Spa Botanico, and three food and beverage outlets (in addition to in-room dining). The Property also boasts the acclaimed COA Restaurant, over 4,800 sq. ft. of meeting space, and an infinity pool with direct access to the beach. Additionally, the surrounding Dorado Beach residential development contains several other amenities that guests of the Ritz-Carlton Reserve can access during their stay, including: 2.5 miles of pristine beachfront, the TPC Dorado Beach Golf Club with two 18-hole Championship golf courses, a Tennis Center with five Har-Tru clay courts offering lessons and clinics for all skill levels, a state-of-the-art fitness center, the Encanto Pool, "The Watermill" – an expansive water park ideal for kids and families, three additional food and beverage outlets, as well as Dorado Farms – a 500-acre site including skeet shooting, equestrian center and culinary offerings – that is currently under construction. While not included in the Property's fee simple collateral, the acquisition includes the income from 14 additional residential units, ranging in size from 2,200 to 6,600 sq. ft., which are part of a rental management program.
Dorado Beach, a Ritz-Carlton Reserve has been the recipient of the following awards:
AAA Five Diamond Award – 2016, 2017, 2019, 2020
Forbes Travel Guide Five-Star Award - Hotel – 2016, 2017, 2019, 2020
Forbes Travel Guide Five Star Award – Spa Botanico – 2017, 2020
Conde Nast Traveler - Reader's Choice Awards 2019 – Top 50 Resorts in the Caribbean - #1
Conde Nast Traveler - Reader's Choice Awards 2019 – Top 50 Resorts in the World - #14
Travel + Leisure – World's Best Award – 2016
US News & World Report – Best Caribbean Hotel - #1 - 2020
Golf Magazine – Top 100 Resorts in North America 2019/2020 – Best for Luxury - #5
Wine Enthusiast – Best 100 Restaurants – COA - 2019
The total consideration for the acquisition is $186.6 million ($1.7 million per key, inclusive of the residential units in the rental program). The acquisition will be funded with approximately $104 million of cash, six million shares of Common Stock, and the assumption of a $54 million mortgage loan. No additional equity will be issued to fund the cash portion of the consideration. The cash portion of the consideration will be funded from available excess cash. The purchase price for Dorado Beach, a Ritz-Carlton Reserve represents, based on forecasted financial results for 2021, a capitalization rate of 9.8% on hotel net operating income of $18.2 million and a 10.2x hotel EBITDA multiple, according to the Company's preliminary estimates based on unaudited operating financial data provided by the seller. The Company expects to realize a stabilized yield of approximately 8% on its investment in the next three to five years. On a trailing 12-month basis as of November 30, 2021, the Property achieved RevPAR of $1,129, with 57% occupancy and an average daily rate (ADR) of $1,968, according to unaudited operating financial data provided by the seller.