TripAdvisor forms joint venture with Trip.com Group, reports decline in Q3 revenue

PhocusWire | November 07, 2019

TripAdvisor is taking a new approach to its China business by entering into a strategic partnership with Trip.com Group (formerly Ctrip.com). Known as TripAdvisor China, the new joint venture gives Trip.com Group the long-term exclusive brand, content license and all assets of TripAdvisor’s business in China. As part of the agreement, TripAdvisor content will get distributed across the Trip.com Group portfolio of brands, including Skyscanner. The deal gives Trip.com Group a nomination right for one TripAdvisor Board seat, pending on regulatory approval.

Spotlight

An oasis in the Syrian desert, Palmyra contains the monumental ruins of a great city that was one of the most important cultural centres of the ancient world.

Spotlight

An oasis in the Syrian desert, Palmyra contains the monumental ruins of a great city that was one of the most important cultural centres of the ancient world.

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TRAVEL TECHNOLOGY

HRS Offering Advanced Procurement Consulting and Technology to Hotels to Support Expedited RFP Response for Returning Corporate Volume

HRS | August 01, 2022

HRS, the leading global corporate travel and payment technology platform, announced the offering of its full range of consulting services to the hotel community in the coming months to support a revitalized corporate lodging ecosystem. Beyond data-driven consultation that reflects the hotel priorities of its corporate clients, HRS automation gives hotel sales teams the ability to access and more efficiently bid for corporate volume – all at a time when more corporate programs are using the RFP process to negotiate not only rates, but other elements vital to business travelers as they get back on the road.HRS, playing its part to facilitate corporate lodging’s recovery, is offering this unique package of localized consulting, unlimited bid refinement and RFP support at no charge to the hotel community. Among its growing client base, HRS works with 35 percent of Fortune 500 companies on their hotel programs. “It’s a new time for hotel corporate sales leaders. Travel patterns and dynamics are different, as are the definitions of 'travel' and 'workspace' for corporations, With volume rebounding and companies honing in on regional and national projections, married with the reality of diminished resources at many hotels, HRS is stepping up to help facilitate more opportunities for hotels to bid. Our unbiased RFP technology, data-driven analysis, and experts on the ground in key markets stand ready to help relevant hoteliers compete for these room nights.” -Lukasz Dabrowski, HRS’ senior vice president of global supplier relations. Optimized Tools Help Hoteliers Analyze & Refine Corporate Volume Bids HRS technology – with elements built specifically to aid hotels as they contend for corporate volume – is especially helpful for hoteliers at a time when companies are increasing their submission of RFPs and hotel sales teams are being re-built in the wake of the pandemic. In this fluid environment, it allows hoteliers 24x7 access to refine, revise and re-submit bid terms – all at no cost – as appropriate during the negotiation window. Other time-saving highlights include: Optimized bid submission processes that illustrate the progress towards completion of the submission, mandatory elements, and more Ability to anonymously view elements of competing hotel bids Multiple pre-filled fields in RFPs, reducing the time it takes for hoteliers to respond Simplified user-flow that addresses evolving corporate requests Efficient avenues to address the convergence of RFPs for different segments Transformative Attribute-Based Lodging Procurement, as Priorities and Process Have Evolved As new patterns come to light in the nascent post-pandemic corporate lodging arena, HRS is combining the buying concepts for transient, group, meetings and new Longstay segments to showcase the totality of anticipated client spend. Reflecting the new priorities of corporations – ranging beyond simple rates and amenities – HRS is helping hoteliers align with the most important elements of modern corporate hotel programs. This is particularly vital given the unforeseen elements impacting corporate travel procurement in varying locations, including items such as pandemic outbreaks, political instability, environmental changes and weather-related catastrophes. The “5S framework,” introduced by HRS in 2021, has proven effective in capturing the evolving scope of new requirements from the vast majority of corporate hotel programs. HRS is educating its hotel partners about the 5S framework and how addressing these elements on an ongoing basis can help hoteliers win more recurring volume. The 5S framework covers: Safety Satisfaction Savings Sustainability Security HRS is committed to working transparently with corporations and hotels to drive more automated, expedient negotiations, concludes Dabrowski. There is no longer a 'RFP Season' per se. Instead, automation is driving shortened four-week cycles that allow corporations to be nimbler and more targeted in their procurement activities all year long. Mix that in with prioritized hygiene and sustainability requirements, and hotels are competing in a totally transformed procurement process. About HRS HRS is reinventing the way businesses and governments work, stay and pay in today’s dynamic global marketplace. HRS’ advanced platform technology is extending its reach beyond hospitality to meetings, office space management, payment efficiency and crisis recovery. Beyond cost savings in the global post-pandemic economy, HRS clients gain from an unrivaled focus on essential aspects including safety, security and satisfaction. HRS is also recognized for its award-winning Green Stay Initiative, technology that helps corporate hotel programs achieve their NetZero targets, and its groundbreaking Crew & Passengers Solution, which leverages automation to elevate experiences for air and rail operations. Founded in 1972, HRS works with 35 percent of the global Fortune 500, as well as the world’s leading hotel chains, regional hospitality groups and payment providers. More information at www.hrs.com/enterprise.

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HOSPITALITY TRENDS

Hyatt Announces Grand Hyatt Cancún Beach Resort Planning

Hyatt Hotels Corporation | June 06, 2022

Hyatt Hotels Corporation announced plans for Grand Hyatt Cancún Beach Resort, a new-build resort in Quintana Roo, Mexico, in collaboration with ownership group Diestra Realty, S.A. de C.V. Anticipated opening in 2024 in time for the summer season. Grand Hyatt Cancún Beach Resort will be a captivating destination with 500 guestrooms, 28 of which have a plunge pool, and 46 luxury suites, including one Presidential Suite; 11 dining concepts featuring world-class chefs and iconic dishes reflective of the destination; six bars, including a lobby lounge bar, pool bar, and beach shack; and an indoor and outdoor destination spa and fitness center to connect guests with their bodies. In addition, kids club, activity centers, business centers, and retail outlets will be available. “Cancún is one of the most desired and booming leisure tourism destinations in the world, and we are thrilled to collaborate with the team at Diestra Realty to bring the iconic Grand Hyatt brand to this sought-after destination. The new Grand Hyatt resort will be a critical piece of our strategy to grow Hyatt’s luxury resort presence in key leisure destinations that our guests, World of Hyatt members, and owners are seeking.” -Camilo Bolanos, Hyatt’s senior vice president of development for Latin America and the Caribbean The Grand Hyatt Cancún Beach Resort will be part of a newly planned resort cluster. Strategically placed between downtown Cancún and the Cancún Hotel Zone, Puerto Cancún aims to combine lively city life with a resort feel and atmosphere, establishing the new Grand Hyatt hotel as a popular destination for tourists and locals. Grand Hyatt Cancún Beach Resort will join 18 more Hyatt-branded hotels in Cancún, including all-inclusive luxury resorts across the AMR Collection brands, providing guests and World of Hyatt members with even more resort alternative recreational activities. In addition, this hotel will represent an exciting milestone in the expansion of the Grand Hyatt brand in the Americas, joining Grand Hyatt Baha Mar, Grand Hyatt Bogotá, Grand Hyatt Nashville, Grand Hyatt at SFO, and Grand Hyatt Vail, all of which have opened within the past five years.

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TRAVEL TECHNOLOGY,HOSPITALITY TRENDS

Plug and Play Welcomes Sabre as its Newest Travel and Hospitality Partner

Sabre Corporation and Plug and Play | July 07, 2022

Sabre Corporation (NASDAQ: SABR), a leading software and technology company powering the global travel industry, announced its partnership with Plug and Play's Travel & Hospitality program headquartered in the heart of Silicon Valley. Plug and Play is a global innovation platform that brings together the best startups with the world's largest corporations. Through this partnership, Sabre will enhance its visibility and gain early access to the global startup community. "Over the past years, we have accelerated our focus on innovation, both internally and together with strong partners, Our collaboration with Plug and Play is another milestone on this journey and we are very excited to engage with their world-class community of forward-thinking, driven entrepreneurs to shape the future of travel." -Sundar Narasimhan, President Sabre Labs & Product Strategy. Plug and Play's Travel & Hospitality program launched in 2016 and has since expanded to six locations around the world. Since its inception, the Travel program has accelerated over 250 startups and worked with some of the most innovative corporations in the industry. With this partnership, Plug and Play's goal is to complement Sabre's innovation roadmap through vetted introductions to promising travel technologies that will seek to ultimately translate to a faster recovery for the industry while improving the traveler's overall journey. "When it comes to insights regarding the entire travel ecosystem, Sabre has demonstrated their commitment to diverse and in-depth products that touch many of our travel and hospitality partners and their customers," Sabre's commitment to digital transformation is exemplified by the innovative work coming out of Sabre Labs, their support in the startup community as well as their work with forward-thinking partners both inside and outside of travel. This partnership came into fruition at a perfect inflection point for the travel industry's recovery." -Saeed Amidi, CEO & Founder, Plug and Play. About Plug and Play Plug and Play is the leading innovation platform, connecting startups, corporations, venture capital firms, universities, and government agencies. Headquartered in Silicon Valley, we're present in 35+ locations across five continents. We offer corporate innovation programs and help our corporate partners in every stage of their innovation journey, from education to execution. We also organize startup acceleration programs and have built an in-house VC to drive innovation across multiple industries where we've invested in hundreds of successful companies including Dropbox, Guardant Health, Honey, Lending Club, N26, PayPal, and Rappi. For more information, visit https://www.plugandplaytechcenter.com/ About Sabre Corporation  Sabre Corporation is a leading software and technology company that powers the global travel industry, serving a wide range of travel companies including airlines, hoteliers, travel agencies and other suppliers. The company provides retailing, distribution and fulfilment solutions that help its customers operate more efficiently, drive revenue and offer personalized traveller experiences. Through its leading travel marketplace, Sabre connects travel suppliers with buyers from around the globe. Sabre's technology platform manages more than $260B worth of global travel spend annually. Headquartered in Southlake, Texas, USA, Sabre serves customers in more than 160 countries around the world. For more information visit www.sabre.com.

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