Vacasa to Acquire Wyndham Vacation Rentals for $162 Million

Skift | July 30, 2019

Vacasa to Acquire Wyndham Vacation Rentals for $162 Million
Vacasa, the vacation rental management service, will buy Wyndham Vacation Rentalsfrom Wyndham Destinations, the companies said Tuesday.Vacasa will pay $45 million in cash at closing and will give Wyndham Destinations up to $30 million of equity interest in the newly formed company. Vacasa will pay the remaining balance in either seller financing or cash, for a total of $162 million in value.The deal is a milestone for the Portland, Oregon-based Vacasa and its founder and CEO Eric Breon. It nearly doubles the startups inventory to more than 23,000 homes. The transaction makes Vacasa the largest property management service provider in North America’s vacation rental sector by revenue, though Vacasa also manages properties in some locations outside of North America.

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Humanitarians travel to save lives and to help others. That’s why it’s essential that the trip goes smoothly. Raptim is in the business of organizing and preparing humanitarian travel. So, we have some insider knowledge on how to make sure all goes well. That’s why we have put together this ultimate list of humanitarian travel tips. You won’t need to look anywhere else!

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TRAVEL TECHNOLOGY

Amadeus Partners with Star Alliance to make Travel more Touchless

Amadeus | December 17, 2020

Amadeus and Star Alliance framed an partnership that will give travelers biometric identity verification at a developing number of airports, with the point of making a more touchless travel experience. Travelers enrolled Star Alliance Biometrics, which was dispatched in November, or Amadeus Traveler ID, will have the option to take advantage of identity verification services at various airports. Star Alliance Biometric enables travelers to navigate through check-in kiosks, bag-drops and boarding gates with facial recognition technology. For its part, Amadeus Traveler ID interfaces traveler’s digital IDs to online and biometric portals.

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TRAVEL TECHNOLOGY

Amadeus Redesigns Business Incubator to Discover Next-Generation Travel Tech Products

Amadeus | May 12, 2021

Amadeus, a Madrid-based firm aims to diversify its revenue streams. According to Skift, the organization has quietly launched Nexwave, a startup incubator that identifies promising projects and nurtures the company's next generation of products. “The pandemic has shown how Amadeus can help the travel industry by linking the dots and ensuring that our industry can collaborate more effectively and efficiently,” said Marion Mesnage, Nexwave's CEO. Nexwave, a unit of just more than 100 staff, is in the process of incubating product features and functionalities. The aim is to pursue new companies that can diversify the travel tech giant's revenue streams beyond retail and operating tools. The team's thematic interests have been intensified as a result of the pandemic. The team is now focusing on brands that keep travelers updated, assist shoppers in traveling safely, and assist travelers in connecting to the most meaningful aspects of local destinations. It also started testing new tools for travelers, such as automating the process of exchanging travelers' health-related details and assisting hoteliers in surfacing relevant events for guests at a destination. Traveler ID is a service that automates the task of verifying one's identity. Airlines and airports are now unable to keep up with long lines of travelers as agents manually check health status certifications. Air Europa, a Spanish airline, became the first to test Traveler ID in late April. Passengers may use the technology to confirm they have the required health documents at check-in while being on an airline's website or app. It eliminates manual labor for both the passenger and the airline. The capability is integrated into the airline's IT scheme, allowing for self-service check-in. During the testing period, Air Europa passengers flying to Spain will use an online form to confirm they hold the required health documentation. Travelers will be able to search and submit records for automated verification, such as shared QR codes from labs, national health services, and health platform providers, in the future. The aim is to sync with wireless health wallets like CommonPass. Feasy is another Nexwave project. This is a consumer-facing "digital concierge" that deals with travelers via chat apps like WhatsApp or Messenger. Mesnage concluded that the digital message would be more important than today's random emails from suppliers. The organization will be aware of a customer's address, the airport terminal from which they will leave, the distance to travel, and traffic updates. It will also have a clear idea of how open a customer will be to thinking about booking any particular add-on, taking into account the stage of a traveler's journey. Amadeus is now incorporating the ideas into CheckMyTrip, a remote travel assistant mostly used for business travelers.

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TRAVEL TECHNOLOGY

New Travel Company Aims To Disrupt Industry With Unique Platform, Proprietary Technology

nomad.me | October 28, 2021

With the busy holiday travel on the horizon, industry leaders Nick Reid and Todd Copley has recently launched nomad.me, a new travel subscription service poised to disrupt the industry with breakthrough aggregation technology and a zero commission markup model. Aimed at savvy leisure and business travelers looking to maximize value, the new platform enables members to pay $295 annually to access the company's proprietary technology to book the lowest possible rates – with a savings up to 60% – at over two million hotels, flights, car rentals, cruises and more. According to Reid – who has worked in every facet of the travel industry, including for such industry leaders as Thai Airways International – this community-based subscription model allows members to exclusively access the company's proprietary aggregation booking engine. "We are focused on revolutionizing the travel industry with an easier and improved buying experience, offering the best possible pricing because there are no markups or commissions," -Nick Reid Copley, a longtime travel industry executive with expertise in the global tour operator sector, travel product development and international hospitality contracting, says nomad.me dovetails into a growing trend – embracing a membership model accelerated by online perusing during the COVID-19 pandemic. "With the launch of nomad.me, we are meeting a growing demand with forward thinking technology," he said. "The subscription economy was on the rise before the pandemic but intensified its reach into nearly every industry as the outbreak persisted. This trend is expected to continue." -Todd Copley About nomad.me Offering enticing travel perks and deals, nomad.me is a community-based travel subscription business that allows members of its closed user group to access a proprietary aggregation booking engine. For more information, visit https://nomad.me/.

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Spotlight

Humanitarians travel to save lives and to help others. That’s why it’s essential that the trip goes smoothly. Raptim is in the business of organizing and preparing humanitarian travel. So, we have some insider knowledge on how to make sure all goes well. That’s why we have put together this ultimate list of humanitarian travel tips. You won’t need to look anywhere else!