TRAVEL TECH BEHEMOTH AMADEUS HAS ANNOUNCED AN EXPANSION OF AMADEUS VENTURES ACROSS THE ASIA-PACIFIC REGION IN THE FIRST QUARTER OF 2020.

Travel Weekly | November 25, 2019

Amadeus Ventures invests in early-stage start-ups sitting at the crossroads of technology and travel by providing funding, industry expertise, technology and customer reach. Born in 2014 as an innovation vehicle to drive collaboration with the start-up ecosystem, Amadeus has introduced more than 150 start-ups to its business units and has developed more than 20 joint projects with its portfolio companies. Companies already in the investment portfolio include Refundit, Volantio and Dawex. Stephanie Strunk, who will represent Amadeus Ventures across the region, said: “Travel start-ups across APAC are frequently disrupting the industry, challenging the way we think about innovation. “To keep up with the pace of change, funding for travel start-ups is increasing at the same rate, reaching record highs.

Spotlight

Nashville, capital of Tennessee, lies almost in the center of the state on the Cumberland River. Thanks to its importance as a place of learning - the city boasts many universities and colleges - along with its superb reproduction of the Parthenon, it's often called the "Athens of the South" and is a delight to explore on foot.

Spotlight

Nashville, capital of Tennessee, lies almost in the center of the state on the Cumberland River. Thanks to its importance as a place of learning - the city boasts many universities and colleges - along with its superb reproduction of the Parthenon, it's often called the "Athens of the South" and is a delight to explore on foot.

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TRAVEL TECHNOLOGY, DESTINATION AND TOURISM

Aeroitalia joins WorldTicket to Expand Travel Options in the European Region

WorldTicket | January 24, 2023

Aeroitalia reported today that it is connecting with WorldTicket to offer more travel options in the European region. Aeroitalia would broaden its internal sales reach to include OTAs and travel agencies. This integration would fulfill the increasing demands for travel in Europe. For example, according to a report by ENIT, international visitors to Italy's tourist agency increased by 172% from January to July 2022 and 57% from pre-pandemic levels. This growth in demand is expected to continue in the future thereby, generating more possibility for Aeroitalia to provide non-stop, high-quality air travel at reasonable prices in Italy and the Southern Mediterranean. Furthermore, it can now quickly sell flights through any GSD and successfully offer seasonal itineraries, especially summer routes. Hence, it is a genuine adaptive business that adapts according to its customer’s demands. "Aeroitalia is committed to delivering outstanding service to passengers which incorporate easy access for our product, especially for our business customers," says Krassimir Tanev, Chief Commercial Officer of Aeroitalia and further adds that "Multichannel distribution is an important development as it goes hand-in-hand with our network expansion plans for summer 2023. Thanks to our marketing partnership with WorldTicket and its global distribution technology, Aeroitalia services are now closer to the travel agency community to the benefit of our customers." (Source – Cision PR Newswire) Aeroitalia connects unserved and underserved markets through travel options like six days per week, connecting Italy's two largest cities, Milan and Rome, and routing Milan and London Heathrow. By integrating with WorldTicket's technologies, it can establish business in these markets swiftly and affordably. Moreover, it can also enhance its distribution capability with the help of WorldTicket's GDS Sub-Hosting solutions. Thus, making it the principal air travel agency in Europe. About WorldTicket: WorldTicket has provided creative and flexible IT solutions to over 75 airlines globally since 2002. With offices in Bangkok, Kyiv, Warsaw, and Beijing, this Copenhagen-based company supports airline consumers across various time zones. Besides, WorldTicket's W2 GDS Sub-Hosting is suited for start-ups and virtual airlines needing fast and easy GDS distribution without extensive implementation or upfront costs. It also offers W2 ticketing for Global BSP Ticketing. The technology lets its interline partners maximize global ticketing benefits and boost earnings from remote and non-strategic BSP areas.

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TRAVEL TECHNOLOGY,AIRLINES AND AIRPORTS

Fareportal's OTAs Become the First in the United States to Offer Arajet Flights

Fareportal | December 30, 2022

The Dominican Republic's newest national carrier, Arajet, is now being offered for flights by CheapOair and OneTravel, the first online travel agencies in the US to do so. Arajet is the newest low-cost carrier in the Dominican Republic. It began operations on September 15 and has already launched a route network that spans a wide range, with 18 destinations in 11 different countries. With plans to transport more than 7 million passengers over the next five years, the airline will contribute to an increase in tourism throughout the region, which will result in the creation of thousands of jobs in the area. There are currently flights departing from Mexico, Colombia, Guatemala, El Salvador, Ecuador, Costa Rica, Peru, Jamaica, Aruba, St. Maarten, and Curacao that arrive in Santo Domingo, Dominican Republic. More flights are scheduled to depart from other countries in the near future. Fareportal is of the view that Arajet selected these brands as the OTA platforms to introduce their expanding route network to U.S. travelers, knowing that Fareportal will support them with industry-leading technology and an unwavering dedication to exceptional customer service. Arajet stated that it is pleased to collaborate with Fareportal as well as its online travel agencies, CheapOair and OneTravel. In order to provide the Dominican diaspora with the most affordable travel options to see friends and family, the company plans to open 17 new destinations in the United States in the upcoming months. Additionally, the company thinks this alliance will propel its vision. Experts in the aviation sector believe that low-cost carriers (LCCs) are ideally placed for growth. In 2021, three new carriers debuted in the United States, and more than 20 are anticipated to do so globally in 2022. AboutFareportal Fareportal, developing industry-defining technology since 2002, has emerged as a travel technology leader. With offices in New York, Canada, India, Las Vegas, Mexico, Ukraine, and the United Kingdom, the company caters to over 2,500 people across nearly five time zones.

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HOSPITALITY TRENDS

Highgate announces agreement to acquire viceroy hotels & resorts

Highgate | December 19, 2022

An affiliate of the Principals of Highgate announced that it has entered into a definitive agreement to purchase Viceroy Hotels & Resorts (Viceroy). The LA-based, award-winning hospitality group is known for its highly individual modern luxury hotels and resorts throughout the world, and was voted one of the top 10 hotel brands globally in the 2022 Travel + Leisure World's Best Awards. The Viceroy brand debuted in 2000 with the launch of Viceroy Santa Monica and has evolved into a portfolio of hotels and resorts in iconic destinations such as St Lucia, Chicago, Los Cabos and Snowmass. "We are excited for Viceroy's future and we believe that this acquisition will not only fuel the future expansion of our brand, but also give us a true partner, one who will offer incredible support, opportunity and collaboration. This deal will accelerate our momentum, and solidify our position as the leading modern luxury lifestyle brand in our space," stated Bill Walshe, CEO of Viceroy. "We are thrilled to execute this transaction with Viceroy. Viceroy has built an outstanding customer reputation due in part to its strong service culture and incredible team,Through complementing Viceroy's platform and DNA with Highgate's diversified ability to grow through real estate acquisitions, development, and third-party growth channels, Highgate intends to add brand-accretive hotels to the Viceroy portfolio that will further enhance customer perception and brand awareness. Further, through powering Viceroy with a proprietary relationship with Highgate's operating company, and imparting the benefits of Highgate's scale, we will be able to provide significant incremental value to associates, guests, owners and partners." -Richard Russo, Principal at Highgate. We look forward to working with the Viceroy team to add visible and impactful hotels to the platform, and cement Viceroy as one of the most noteworthy luxury lifestyle hotel brands in the industry,continued Russo. In the coming months, we will be announcing exciting additions to the portfolio in major urban gateway markets and select resort destinations that will invoke the distinct quality and luxury service that Viceroy has long been known for. The transaction is expected to close in early 2023. For more information on Highgate, visit Highgate.com. ABOUT HIGHGATE: Highgate is a leading real estate investment and hospitality management company with over $20 billion of assets under management. Highgate has a 30-year track record as an investment manager, operating partner, and developer for REITs, private equity firms, sovereign wealth funds, high net worth individuals, and other institutional investors. With a particular focus in hospitality real estate, Highgate's portfolio includes over 500 owned and/or managed hotels comprising over 84,000 rooms across the United States, Europe, Latin America, and the Caribbean. Highgate's capabilities extend to adjacent real estate verticals including multifamily, short-term rentals, and diversified healthcare real estate, as well as investments in real estate-linked securities, technology platforms, and hospitality-related operating businesses. Highgate maintains corporate offices in New York, Dallas, Los Angeles, London, Miami, Seattle, and Waikiki. For more information, visit: www.highgate.com ABOUT VICEROY HOTELS & RESORTS: Viceroy Hotels & Resorts is a global modern luxury brand, inspiring travelers with one-of-a-kind, authentic experiences that bring together provocative design and intuitive service. Dynamic destinations immersed in the local community and culture are at the core of the Viceroy guest experience, and to better serve travelers the brand has established three unique hotel categories consisting of the Icon Collection composed of unparalleled properties furnishing lavish experiences, the Lifestyle Series offering energizing stays in vibrant locales, and Urban Retreats based in bold, eccentric cities. Viceroy's portfolio of hotels and resorts can be found in a diverse array of breathtaking and inspiring destinations, including Los Cabos, Santa Monica, Chicago, Beverly Hills, Riviera Maya, Snowmass, San Francisco, Washington D.C. and St. Lucia. In 2020, the brand expanded to D.C. with the opening of the Viceroy Washington DC and Hotel Zena (Washington D.C.), and Viceroy is growing its international portfolio with the recent opening of Viceroy Kopaonik Serbia and looking ahead with Viceroy at Ombria Resort Algarve (Portugal) in 2023 and Viceroy Bocas Del Toro Panama in 2024. Additionally, Viceroy was named in the top ten of 'Top 25 Hotel Brands' on Travel + Leisure World's Best Awards 2022. Viceroy for Everyone, Viceroy's ongoing commitment to diversity, equity and inclusion to its colleagues and guests can be found at www.viceroyhotelsandresorts.com/about-us/diversity-equity-inclusion.Viceroy is a member of the Global Hotel Alliance (GHA) DISCOVERY, a unique loyalty program offering exclusive benefits and experiences to its members at over 800 hotels around the world. For more information, visit www.viceroyhotelsandresorts.com. Follow Viceroy on Facebook and Instagram.

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