Global Sustainable Tourism Council | July 23, 2020
Costa Rica’s reputation as an eco-friendly travel destination has been further cemented with its Certification for Sustainable Tourism (CST) standard for lodging and tour operators achieving the Global Sustainable Tourism Council’s GSTC-Recognized Standard status.
“As global leaders in sustainability, we are honored to receive the Global Sustainable Tourism Council’s recognition for the Certification of Sustainable Tourism Standard,” said Gustavo Segura, Costa Rica’s minister of tourism. “Established more than 20 years ago by the Costa Rican Tourism Institute, the program is a result of the public and private sector’s collaborative efforts to recognize tourism companies for their sustainable tourism practices. Today, more than 400 tourism companies retain the certification.”
Expedia Inc | August 11, 2021
Expedia Group, the Seattle-based online travel giant, posted improved results for the second quarter, but cautioned that the resurgence of the pandemic is complicating the recovery of the global travel industry, and its business as a result.
The company’s net loss of $301 million for the second quarter was an improvement over its loss of $753 million a year ago. Adjusted earnings per share were $1.13, exceeding analyst expectations of 60 cents per share.
Revenue for the quarter more than tripled from last year to $2.1 billion, reflecting ongoing signs of recovery for the global travel industry. That compares to revenue of $2.9 billion in the second quarter of 2019, prior to the pandemic.
Gross bookings rose to $20.8 billion, up from $2.7 billion a year ago, but still well below its $28.3 billion in bookings two years ago.
Expedia Group includes travel brands such as vrbo, Orbitz, Hotwire, Trivago, Hotels.com, and Egencia in addition to the flagship Expedia.com.
Despite seeing progress in the second quarter, the spread of the COVID-19 Delta variant and lower vaccine rates in some parts of the world are creating new challenges, said Expedia Group CEO Peter Kern on a call with investors and analysts. Highlights from his comments:
Expedia saw improvement in the overall market and in its business in the second quarter in North America and the U.S., particularly in domestic travel and vacation rentals.
Improvement in international travel, corporate travel, and big city travel was “relatively muted, comparatively,” Kern said.
However, travel has cooled off in July, following the close of the quarter. “There’s a lot of unknowns, including in the U.S., and we’re starting to see some of that percolate through cancellation rates and more volatility in the numbers,” Kern said.
Kern expressed optimism that global travel will ultimately recover from the pandemic.
“We believe that as vaccines continue to roll out across the globe, that will bring greater security and greater comfort and greater willingness to travel,” he said. “But the road may still be bumpy for a while, as we watch all the variants play out and various government responses to them.”
Expedia Group on Thursday announced a marketing promotion for its apps to raise up to $12 million for UNICEF’s vaccination efforts in low-income countries
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.