Travel Weekly | December 02, 2020
The organization has launched its own movement tech division called TKG Platform (the acronym stands for Travel Key Gateway), which aims to give technology enablers to travel organizations around the world.
As per Tweet World Travel, TKG Platform is tailored to suit the travel industry with a mission that is to help organizations to develop their business with the correct tech arrangements, decreasing operational time and the overheads.
TKG Platform is branding itself as an all-in-one arrangement joining extensive travel industry experience and state-of-the-art technology that will assist agents with developing their business easily.
Newmark | October 07, 2021
Newmark Group, Inc. announced the expansion of its Lodging Capital Markets Group with two new hires and the relocation of two Newmark professionals. With these moves, the Group has established three new locations in California, South Florida and Texas. The new hires include Nick Pappas, a Senior Managing Director based in Los Angeles and Parker Sherrill, a Director based in Dallas. Lawrence Wolfe, one of four co-heads of Newmark's Lodging Capital Markets Group, is relocating to Miami from New York City and Director Greg Morgan is relocating to Los Angeles from Washington, D.C.
With approximately $4.5 billion of hotel transactions currently under contract or in the market, this geographic expansion will further cement Newmark's Lodging Capital Markets Group as one of the leading platforms nationally. The company's recent transactions include arranging the sale of the Potomac Yards hotels in Washington, D.C.; the financing of the Edition West Hollywood and the recapitalization of the Graduate Hotel platform. The impressive collective career resume of Newmark's hospitality professionals includes more than $250 billion of transactions, including some of the most high-profile lodging deals ever completed, such as the sales of the Waldorf Astoria and Baccarat Hotel in New York, Miami Beach's Setai Hotel and Four Seasons Washington, D.C.; as well as the recapitalization of Kiawah Island Resort and the financing of the London West Hollywood. The Group focuses on all lodging and leisure capital markets transactions, including sales, joint ventures and financings.
"As 'drive-to' leisure destinations throughout the U.S. are already seeing increasingly strong demand, the hospitality industry's recovery is expected to be fueled by the return of group and corporate travel as well as international tourism in 2022. We are thrilled to announce the continued expansion of Newmark's lodging capital markets platform. We have always been active in the southeast and Texas and on the West Coast, and we believe those three regions will be among the most active markets in our business over the next several years."
said Adam Etra, Vice Chairman, Co-Founder and Co-Head of Newmark's Lodging Capital Markets Group.
Pappas joins Newmark from Canyon Partners and will team with Director Greg Morgan in the Los Angeles office. The two will focus on California, the Pacific Northwest and the Mountain Region. Sherrill, who joins Newmark from JLL (and previously HFF), will focus on Texas and the Southwest Region. Wolfe, who helped originally establish Newmark's lodging business with Etra, Mark Schoenholtz and Miles Spencer in 2018, will focus on Florida and the Southeast, while continuing to work on the platform's high-profile transactions throughout the country.
With new locations in California, South Florida and Texas, the Lodging Capital Markets Group will further entrench themselves in some of the highest-performing and most pandemic-resilient markets. Newmark's expansion covers four of the five markets with the highest year-to-date revenue per available room (RevPAR) – Miami, Tampa, San Diego and Los Angeles, according to STR. Additionally, the Pacific Region has had the highest RevPAR in the country over the past two years, according to STR. Economic fundamentals and demographics also continue to outpace those of other regions – eight of the top ten metropolitan regions with the largest increase in construction employment were in the Western U.S. or Florida, according to the Bureau of Labor Statistics and numerous cities throughout the West and Florida have some of the fastest growing populations.
Newmark Group, Inc. (Nasdaq: NMRK), together with its subsidiaries ("Newmark"), is a world leader in commercial real estate, seamlessly powering every phase of the property life cycle. Newmark's comprehensive suite of services and products is uniquely tailored to each client, from owners to occupiers, investors to founders, and startups to blue-chip companies. Combining the platform's global reach with market intelligence in both established and emerging property markets, Newmark provides superior service to clients across the industry spectrum. Newmark generated revenues in excess of $2.2 billion for the trailing twelve months ending June 30, 2021. Newmark's company-owned offices, together with its business partners, operate from over 160 offices with approximately 6,200 professionals around the world.
VNTravel, Yanolja Cloud | July 21, 2021
The strategic partnership between VNTravel and Yanolja Cloud, a global travel tech firm, will shed light on digital transformation in the Vietnamese hospitality industry.
Yanolja Cloud and VNTravel's strategic collaboration will go a long way towards enabling the industry's digital transformation. For example, customers can now check-in and out at their leisure, register rooms virtually with the click of a button, and even conduct non-cash payments via VNPAY QR. At the same time, hoteliers can gain access to better solutions for property management, revenue management, and customer relations, resulting in long-term business growth.
VNTravel Group is an ecosystem that includes Mytour.vn, Dinogo, and Tripi, among others. Tripi, a market leader in B2B solutions for travel companies, provides maximum value through various products such as Tripi Partner, Tripi Connect, Tripi One, and Tripi Cloud - the cloud-based SaaS (Software as a Service) for the Vietnam hospitality sector.
Yanolja Cloud is the world's leading provider of cloud-based hospitality solutions, serving over 30,000 clients in 170 countries and 60 languages. Yanolja Cloud is expanding its client base by utilizing its strong SaaS model, enabling easy installation and operation, and developing optimized local solutions in partnership with global leaders.