Avoya Travel | November 23, 2021
Avoya Travel, one of the travel industry’s most innovative companies, is pleased to announce that it has closed on an investment from funds managed by Certares Management LLC, a global travel, tourism, and hospitality investment firm. Certares joins brothers, Jeff and Michael Anderson, as Co-Owners of Avoya and together are committed to long-term growth and scaling its vacation platform. Terms of the transaction were not disclosed.
“We are honored to welcome Certares as a partner in Avoya Travel. It’s taken tremendous endurance to build our industry-leading platform and we are excited for our brilliant employees, independent travel advisors, and suppliers – especially during these unprecedented times,” “We look forward to partnering with Certares to capitalize on the growth opportunities we see ahead as our industry begins its strong recovery.”
-Jeff Anderson, Co-Owner and Co-CEO of Avoya.
Avoya continues to invest in its people and technology which, despite the global pandemic, has driven record high customer satisfaction ratings. Avoya’s new investment from Certares will further position Avoya as an industry leader and accelerate the company in its pursuit to perfect vacation shopping, planning, and booking.
“We are thrilled to be partnering with the Anderson family as shareholders of Avoya and are cheering on the entire Avoya team,Through three generations of family leadership, Avoya has built an incredible team which has consistently pioneered innovative technology, industry-leading marketing and unmatched relationships with independent travel agencies, travelers, and suppliers. We are delighted to support the next phase of Avoya’s growth.”
-Colin Farmer, Senior Managing Director and Head of the Management Committee of Certares
The Anderson family has developed deep relationships in the travel industry for nearly 60 years and formed Avoya Travel in 2006. Co-Founders and brothers Jeff and Michael Anderson, having managed day-to-day operations for nearly a decade, will serve as Co-CEOs of Avoya. As part of the transaction, Brad Anderson will move to a senior advisory role and Van Anderson will retire. The first generation of the family in travel, Pal and Pat Anderson, started in the industry in Hawaii in 1964.
About Avoya Travel
Avoya Travel is redefining how vacations are booked by connecting travelers with independent travel advisors who deliver personalized service and value. Through its proprietary digital platform and vast demand channels, Avoya offers software and services to thousands of companies including cruise lines, resorts, tour companies, and independent travel agencies. Avoya has won numerous awards for its technology and innovation, including holding multiple patents, and serves travelers in North America and beyond. For more information, please visit AvoyaTravel.com.
Established in 2012, Certares focuses on direct investments in proprietary transactions, leveraging deep sector experience in the travel and hospitality industries, and with a consistent emphasis on partnership with management teams to drive growth. Certares brings together a team with decades of both operational and investment experience in private equity, travel, tourism, hospitality and travel-related business and consumer services. For more information, please visit certares.com.
Wyndham Hotels & Resorts | December 10, 2021
Wyndham Hotels & Resorts, the world's largest hotel franchising company with approximately 9,000 hotels across nearly 95 countries, welcomes The Bristol Panama, a Registry Collection Hotel to the company's growing portfolio. This elegant and award-winning luxury hotel is the second hotel to join its recently-unveiled brand, Registry Collection Hotels.Situated in the heart of Panama City's Financial District, the sophisticated hotel provides easy access to the city's top attractions like the Old Quarter, Panama Canal, and Biomuseum. With 125 luxurious bedrooms and 48 executive residences, the hotel appeals to business and leisure travelers, corporate groups, and prominent social events, with more than 10,000 square feet of event space including a stylish Ballroom.
One of the most recognized hotel in Panama City since it opened its doors in 1997, the elegantly designed property pays homage to Panama's rich architectural heritage, in a framework set with more than 50 works of modern art by renowned Latin American Artists and the hotel also offers a full-service spa, outdoor swimming pool, and modern Panamanian fusion cuisine.
Bristol Panama a Registry Collection Hotel is managed by VerdeAzul Hotels, a leading Panamanian company in the hotel sector. The hotel has been recognized as one of the 10 best hotels in the Caribbean and Central America by Condé Nast Traveler, by the travel guide "Forbes," and TripAdvisor's Travelers Choice Award. For more than 10 years it has been part of the Signature and Virtuoso programs for luxury travelers.
Handpicked to deliver incredible experiences in spectacular destinations, Registry Collection Hotels combine individuality with thoughtful design and world-class service. From unique architectural details to dream-worthy locations, every stay with Registry Collection Hotels is meant to be as unique and indulgent as the hotels themselves. The Bristol Panama, a Registry Collection Hotel, joins Grand Residences Riviera Cancun, a Registry Collection Hotel, which was introduced in June 2021 as the collection's flagship property.
"With our prestigious new Registry Collection Hotels brand, independent luxury hoteliers can take advantage of Wyndham's global reach and services,The Bristol Panama is a luxury hospitality icon in Panama City, and we're honored to welcome the property to the Wyndham portfolio."
-Scott LePage, President Americas, Wyndham Hotels & Resorts.
About Bristol Panama, a Registry Collection Hotel
Considered one of the most elegant hotels in the city, the Bristol Panama, a Registry Collection Hotel reflects Panama's rich architectural heritage in an atmosphere of magnificent sophistication in the heart of the financial district. Minutes from many lively and leisurely attractions, the hotel features 125 guestrooms, a Panamanian décor inspired bar and terrace, an outdoor swimming pool and solarium, a locally renowned Spa with breathtaking views and an extraordinary culinary experience inspired in Panamanian cuisine.
About Registry Collection Hotels
Get lost in your travels and let Registry Collection Hotels meet you there. With thoughtful design, brilliant service and unsurpassed attention to detail, our handpicked hotels and resorts deliver incredible experiences in spectacular destinations around the world. Book your next stay at www.registrycollectionhotels.com or visit www.wyndhamdevelopment.com to learn more about how we're elevating individuality for independent-minded luxury hotel owners and developers around the world. Registry Collection Hotels are affiliated with but separate from The Registry Collection, the world's largest luxury exchange program.
About Wyndham Hotels & Resorts
Wyndham Hotels & Resorts (NYSE: WH) is the world's largest hotel franchising company by the number of properties, with approximately 9,000 hotels across nearly 95 countries on six continents. Through its network of approximately 803,000 rooms appealing to the everyday traveler, Wyndham commands a leading presence in the economy and midscale segments of the lodging industry. The Company operates a portfolio of 22 hotel brands, including Super 8®, Days Inn®, Ramada®, Microtel®, La Quinta®, Baymont®, Wingate®, AmericInn®, Hawthorn Suites®, Trademark Collection® and Wyndham®. Wyndham Hotels & Resorts is also a leading provider of hotel management services. The Company's award-winning Wyndham Rewards loyalty program offers over 90 million enrolled members the opportunity to redeem points at thousands of hotels, vacation club resorts and vacation rentals globally. For more information, visit www.wyndhamhotels.com.
Uplift | January 13, 2021
Uplift has finished another credit line of $68 million for its travel payments service.
Financing for the purchase currently pay-later brand was given by Atalaya Capital Management.
Travel is as of now returning, as per California-based Uplift, with the organization anticipating fast development amid pent-up demand for booking travel for the summer and autumn.
Uplift has now brought about $695 million up in value and obligation including a $250 million credit line in December 2019, which came ahead top of $123 million in subsidizing in January of the very year.
Uplift affirmed the new financing on LinkedIn and in a Crunchbase meet, with Brian Barth, CEO of Uplift saying the organization intends to move past travel in 2020.
Uplift hopes to surpass $1 billion in exchanges throughout the next 18 months.
Different organizations offering a comparative assistance including Fly Now Pay Later are likewise foreseeing the pent-up demand.
The London-based organization landed $47 million in Series A financing in May and is getting ready for a $135 million subsidizing bundle in the second half of 2021 as indicated by Jasper Dykes, its chief executive.
He adds that the Uplift credit line shows the proceeded with obligation to the area and says Fly Now Pay Later, which as of late launched its buyer beta in the U.S., has seen "ferocious appetite for the product."