TRAVEL TECHNOLOGY,BUSINESS TRAVEL
Sabre | June 21, 2022
On June 20, Sabre, a leading software and technology provider in the travel industry, announced an enhanced partnership with Cathay Pacific Airways. This partnership will allow Sabre-connected travel agencies across the world to access dynamic New Distribution Capability (NDC) content from Cathay Pacific through the Sabre travel marketplace.
Sabre gets extra traction on its NDC roadmap while creating additional modern airline retaining opportunities for Cathay Pacific. Additionally, the partnership Sabre-connected agencies to shop, book and service Cathay Pacific content to create more personalized experiences for the end traveler. At the beginning of this year, Cathay Pacific chose Sabre’s Fares Manager and Fares Optimizer solutions to achieve strategic pricing and intelligent offer creation.
"As we move further into recovery, it's vital that we are able to create more differentiated content that is reflective of travelers' wants and needs today and tomorrow, Having created that content, we need to make sure that as many travelers as possible have access to it, whether through direct or indirect channels. That's why we're delighted to be joining Sabre's Beyond NDC family at this key moment for the travel industry."
-Cathay Pacific General Manager Sales and Distribution Martin Xu. "
NDC is more important than ever as the travel industry seeks to capture the tailwinds of recovery, and 2022 is gearing up to be a key year for our NDC efforts," said Kathy Morgan, Vice President, Channel Delivery, Sabre Travel Solutions. "A critical enabler in creating a more dynamic distribution environment where it is easier to adapt to changing marketing conditions, NDC is a win-win-win for the airline, agency and traveler, so we're thrilled to have Cathay Pacific join us as we continue to drive our long-term Beyond NDC retailing and distribution vision forward.
Sabre is set to advance its capabilities as the agreement builds on a busy NDC roadmap. Cathay Pacific resumed flying to more destinations following changes to some travel curbs in Hong Kong.
Holisto. | June 15, 2022
On June 13, Holisto Ltd, a leading technology-based online travel booking platform, and Moringa Acquisition Corp, a special purpose acquisition company, announced that they entered a business combination agreement that would get Holisto publicly listed on the Nasdaq. Holisto Ltd’s expected pro forma equity value will be approximately $405 million, thanks to this business combination.
Moringa’s non-redeeming public shareholders can receive a pro-rata portion of a bonus pool of up to an additional 1,725,000 shares at transaction close. This would result in a merger consideration of between 1.15 and 1.6 Holisto ordinary shares for each such Moringa Class A ordinary share not redeemed. However, the ratio of merger consideration for non-redeeming shareholders will depend on the number of Moringa shares redeemed.
“From the outset we were inspired by the opportunity to disrupt the large, fragmented and complex travel booking market, using advanced big data and AI technologies that enable incremental cost savings and simplicity through the ability to combine offerings from multiple sources, Our combination with Moringa and access to public markets will allow Holisto to continue to aggressively leverage our technology by scaling our platform and infrastructure and expand our customer acquisition and brand awareness.”
-Eran Shust, Chief Executive Officer and co-Founder of Holisto.
“We are incredibly excited to announce the merger with Holisto. Holisto is innovating with advanced technology solutions in a large, global market which is ripe for transformation for the benefit of the consumer traveler. We look forward to our partnership and opportunity to leverage our expertise as Holisto continues to rapidly scale its business.”
-Ilan Levin, Chief Executive Officer and Chairman of Moringa
Holisto is a tech-based online travel booking platform. It harnesses the power of advanced AI to make travel more affordable and personalized for customers. Its unique holistic view of hotel rates and plans result from multiple inventory sources, including online travel agencies, wholesalers, global distribution systems, and hotel operators, so that consumers can get the best deals on their bookings.
VacationRenter | May 26, 2022
VacationRenter, the fastest-growing vacation rental search engine, has enhanced its global inventory expansion. It offers full site translations, personalized travel inspiration and traveler resources, and more.
"Researching and booking vacation rentals can be frustrating and time-consuming. Our platform helps make the experience easier, We are always working on making our site better. Our latest upgrades focus on improving the user experience for our international customers, as well as giving all customers more information and tools to quickly find the perfect rental."
-CEO Heath Hammett
An overview of the platform upgrades:
These improvements include streamlining the process of finding the perfect vacation rental. It delivers priority updates, price alerts, personalized travel inspiration, upgraded search and usability, and a user-friendly design.
New and Expanded Inventory
In partnership with Interhome, VacationRenter now offers more than 30, 000 vacation rentals in the U.S and Europe. These rental homes and apartments add to the convenience in travel destinations such as Myrtle Beach, SC, and Madrid, Spain. VacationRenter has also expanded its partnership with Plum Guide. As a result, customers can easily research Plum Guide’s high-quality homes across Europe and the U.S.
VacationRenter has launched full site translations in French, Spanish, Italian, Portuguese, Polish and German for global travelers. Additionally, it has also enhanced key information for almost 6, 000 locations across the globe, including FAQs and details on must-see attractions.
Up-to-Date Traveler Resources
The new Traveler Resource Center gives travelers the correct destination and even property-specific information. It also includes COVID-related restrictions and guidelines. Apart from this, the new VacationRenter’s Travel Trends pages display booking trends and average nightly prices. This data gives insight into traveler behaviors for the ones in the travel industry, such as homeowners, property managers and travel reporters.
VacationRenter is bracing up for travel to make a comeback for both domestic and international U.S travelers, who are seven times more likely to resume travel at home.