BUSINESS TRAVEL

TripActions Liquid Payments and Expense System now Integrates with Leading Corporate Finance Systems

TripActions | January 11, 2021

TripActions Liquid Payments and Expense System now Integrates with Leading Corporate Finance Systems
Corporate travel management platform TripActions said in an official statement that its TripActions Liquid payments and cost framework presently incorporates with driving corporate finance systems.

Among the enterprise resource planning (ERP) frameworks with which TripActions Liquid communicates now are NetSuite, Microsoft Dynamics, Sage Intacct, SAP and Xero, according to the release.

"This integration automates and integrates [travel and entertainment (T&E)] and ERP data to help finance teams experience an entirely new level of visibility over financial data," Michael Sindicich, general manager of TripActions Liquid, said in the release. "An automated link with ERP systems will improve analytical capabilities and provide executives with true spending intelligence across the greater organization."

Among the advantages of the integrations TripActions promotes in the release about the new mixes is that account groups will have the option to follow costs as they're caused instead of when representatives submit them.

TripActions states in marketing materials that a major preferred position it offers business travelers is a powerful online platform combined with admittance to human travel agents 'round the clock.

TripActions' contributions incorporate the Liquid payment card, which PYMNTS detailed kills frustrations that arise — in any event, during seasons of limited travel — that come from having employees working from remote outposts.

Spotlight

Considering that the travel industry has been in the crosshairs of disruption for years, this is not unexpected. What is extraordinary, however, is that only 63 percent of C-Suite direct reports agree with their bosses in believing that past approaches are irrelevant today.

Related News

Skal International Stands Strong with Its Membership Despite Pandemic and Its effects to the Travel & Tourism Industry

Skal International | September 14, 2020

The Pandemic hit the travel and tourism industry the hardest around the globe. During this most difficult time, Skål International has been able to work on successful retention with its 350 Clubs in over 100 countries, recruit new members and even launch new clubs. 'The Pandemic has reiterated the fact that Skål International plays a vital role in connecting people, providing information, assisting members' careers, and furthering their industries or professions. As technological, social, and economic shifts change how people work and engage with each other, we in Skål International are finding innovative ways to connect with future and potential members' said Daniela Otero, CEO - Skål International.

Read More

Hawaii Officials to Tighten Travel Rules for Visitors' Safety

Hawaii Tourism Authority | May 19, 2020

Hawaii officials are implementing new measures, from the airport to accommodations, to crack down on scofflaws. The Hawaii Tourism Authority launched a media campaign telling prospective visitors to stay home until the Islands are ready for them. According to an HTA report submitted to the Hawaii Senate Committee on Covid-19, roughly 70% of the hotels contacted agreed to participate in the initiative. On March 15, Gov. David Ige publicly pleaded for visitors to postpone their Hawaii vacations and business trips and followed up a few days later with the quarantine measure. Since mid-March, the majority of hotels have closed, vacation rentals have been ordered to halt operations, beach activities have been extremely limited, and all but essential businesses have shuttered. The Hawaii Tourism Authority launched a media campaign telling prospective visitors to stay home until the Islands are ready for them, and the agency, through the Visitor Aloha Society of Hawaii, has been funding return flights for visitors who are not able to quarantine. Still, like party guests who can't read the room and overstay their welcome, people keep arriving in Hawaii despite the quarantine order and the best efforts of multiple state agencies to discourage travel to the Aloha State. From March 26, when the quarantine went into effect, through April 30, an average of 125 visitors arrived in Hawaii airports each day -- a far cry from the 30,000 daily arrivals at normal times, but concerning for state officials, who would prefer zero arrivals. Although Ige has extended the quarantine order through June 30, visitation ticked up when the calendar turned from April to May. Through the first 10 days of the month, an average of 233 visitors have landed daily. Reports of quarantine violators are flooding in, and now the state is looking to bolster its methods to guarantee compliance, including a newly launched system designed to help monitor the movement of hotel guests. Despite these efforts at the airports, we have been receiving consistent reports from members of the public ~ Mayor Kirk Caldwell the Hawaii Senate Special Committee on Covid-19 "They have observed, through social media or in person, travelers blatantly violating the quarantine orders. "This is particularly frustrating for members of the public who are complying with the stay-at-home/stay-safe declarations imposed by the state and county in good faith. All the while, watching others flaunt their noncompliance with complete disregard for not only our laws but the health concerns behind these laws. Disturbingly, we have also received reports the City and County of Honolulu have avoided addressing these public concerns of noncompliance with regularity." Spurred by demands for tighter enforcement, the HTA has been contacting the 91 hotels that have remained open during the crisis, some of which are housing medical personnel, National Guard and other essential workers, to sign them up for a "single-use key" program. Hotel guests would be given room keys that work only once. If they leave the room after entry, they would need to contact the front desk to access the room again. According to an HTA report submitted to the Hawaii Senate Committee on Covid-19, roughly 70% of the hotels contacted agreed to participate in the initiative, with more than 20 properties yet to be reached. Four hotels had declined to participate as of May 9, at least one because it uses hard keys that cannot be programmed. One gave no explanation and another argued that its "apartment-style" accommodations precluded it from participating. Management at the Grand Naniloa Hotel on Hawaii Island said it could not currently comply with the program because state officials are failing to notify them of guests subject to quarantine prior to their check-in and they are short-staffed while housing National Guard members and local residents. The state attorney general's office told the Senate committee on April 24 that it is also examining the legality and viability of other enforcement methods, including designated quarantine sites, ankle bracelets, facial recognition and GPS tracking. The Department of Transportation and HTA have been working together to monitor arrivals, but the process has proven challenging. After deplaning, passengers' contact information and address while in Hawaii is verified while they also undergo a medical screening including temperature check. Recently, the state has added new questions to an agricultural form all arrivals fill out to glean more information about each passenger, including nature of the visit and expected departure date. In a two-week period from mid-April to the end of the month, after the DOT stepped up enforcement, 27 visitors were forced to leave Hawaii for quarantine violations or lacking proper lodging and 330 arrivals were referred to law enforcement, according to a May 2 update to the Senate committee. The hotels are notified of guests subject to quarantine, and both at the airport and the hotel, visitors are asked to fill out forms in which they acknowledge they are aware of the quarantine, which means they can only leave their room for "medical emergencies or to seek medical care" with no access to fitness centers, restaurants or other public areas. State employees have been calling new arrivals to do spot check-ins to confirm compliance with the quarantine, but during a May 7 meeting of the Senate Covid-19 committee, officials acknowledged most of the contact numbers are for mobile phones and physical checks may be needed. Quarantine violators are subject to arrest, a $5,000 fine and imprisonment for up to a year. While some visitors have been arrested, brought before a judge and sent home, the flow of arrivals continues. Learn More: DIGITAL MARKETING IN THE AGE OF CORONAVIRUS - WHAT TRAVEL BRANDS NEED TO KNOW

Read More

INDUSTRY OUTLOOK

Hyatt Announces Pricing of Public Offering of Senior Notes

Hyatt Hotels Corporation | September 28, 2021

Hyatt Hotels Corporation (“Hyatt” or the “Company”) (NYSE: H), a leading global hospitality company, announced today the pricing of its public offering of: $700.0 million aggregate principal amount of senior notes due 2023, which will bear interest at a fixed annual rate of 1.300%; $300.0 million aggregate principal amount of floating rate senior notes due 2023, which will bear interest at a rate equal to Compounded SOFR (as defined in the prospectus supplement relating to the offering), reset quarterly, plus 105 basis points; and $750.0 million aggregate principal amount of senior notes due 2024, which will bear interest at a fixed annual rate of 1.800%. The offering is expected to close on October 1, 2021, subject to customary closing conditions. Hyatt will have the option to redeem all or any portion of the notes at 100% of their principal amount at any time on or after October 1, 2022. The Company intends to use the net proceeds of the offering to fund a portion of the purchase price for its pending acquisition of Apple Leisure Group (the “Apple Leisure Group Acquisition”), to refinance all of its $750.0 million principal amount of floating rate notes due 2022 and for general corporate purposes, which may include payment of any fees and expenses relating to the Apple Leisure Group Acquisition or any other general corporate purpose the Company may deem necessary or advisable, and to pay fees and expenses related to this offering. Hyatt previously announced that it intends to fund more than 80% of the $2.7 billion purchase price for the Apple Leisure Group Acquisition with a combination of $1.0 billion of cash on hand and new debt financing, including a portion of the proceeds from this offering and a one-year term loan expected to be funded concurrently with the closing of the Apple Leisure Group Acquisition as part of the previously announced acquisition financing commitment, and the remainder with proceeds of its recently consummated equity offering. The offering is not contingent on the consummation of the Apple Leisure Group Acquisition, and the consummation of the Apple Leisure Group Acquisition is not contingent on the consummation of the offering. J.P. Morgan is acting as representative of the underwriters, and J.P. Morgan, Deutsche Bank Securities, Scotiabank and Wells Fargo Securities are acting as joint lead book-running managers for the offering. About Hyatt Hotels Corporation Hyatt Hotels Corporation, headquartered in Chicago, is a leading global hospitality company offering 20 premier brands. As of June 30, 2021, the Company's portfolio included more than 1,000 hotel and all-inclusive properties in 68 countries across six continents. The Company's purpose to care for people so they can be their best informs its business decisions and growth strategy and is intended to attract and retain top employees, build relationships with guests and create value for shareholders.

Read More

Spotlight

Considering that the travel industry has been in the crosshairs of disruption for years, this is not unexpected. What is extraordinary, however, is that only 63 percent of C-Suite direct reports agree with their bosses in believing that past approaches are irrelevant today.