WTTC Warns Travel Restrictions Can Stop COVID-19 Recovery for Travel Industry

The World Travel & Tourism Council | July 22, 2020

The World Travel & Tourism Council (WTTC) is warning that a return to country-wide border closures and blanket travel restrictions could derail the industry's recovery, stalling global economic growth. As a result, the organization is urging governments around the world to respond to spikes in COVID-19 cases with regional and local measures.
WTTC said it also supports the opening of city to city "air corridors" connecting global financial centers like London and New York that would jumpstart business travel. According to WTTC research, business travelers account for $1 in every $3 spent in New York and £1 out of every £4 spent in London.

Spotlight

There is a positive outlook for tourism in Saudi Arabia, with strong growth forecast and a wave of investment underway. At a total contribution of SAR 190bn in 2015, Travel & Tourism is currently the second highest contributor to Gross Domestic Product (GDP) growth in Saudi Arabia, albeit from a relatively low base compared to other countries. Inbound tourism is forecast to grow to over 32m trips per annum by 2026, driven primarily by growth in religious tourism. Domestic tourism is forecast to grow to an impressive 66m trips per annum by 2020, driven by growth in both religious and leisure tourism.

Spotlight

There is a positive outlook for tourism in Saudi Arabia, with strong growth forecast and a wave of investment underway. At a total contribution of SAR 190bn in 2015, Travel & Tourism is currently the second highest contributor to Gross Domestic Product (GDP) growth in Saudi Arabia, albeit from a relatively low base compared to other countries. Inbound tourism is forecast to grow to over 32m trips per annum by 2026, driven primarily by growth in religious tourism. Domestic tourism is forecast to grow to an impressive 66m trips per annum by 2020, driven by growth in both religious and leisure tourism.

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TRAVEL TECHNOLOGY,AIRLINES AND AIRPORTS

Boom Supersonic and Ministry of Supply Launch First-Ever Supersonic Travel Capsule Collection

Boom Supersonic | July 16, 2022

Boom Supersonic, the aerospace company building the world's fastest airliner, optimized for speed, safety, and sustainability, has announced a collaboration with Ministry of Supply, the MIT-founded apparel company that uses science to create comfortable, innovative and sustainable workleisure clothing. The exclusive capsule collection is inspired by a supersonic future where travel time is halved, sustainability is the standard, and comfort is always in style."Flying supersonic is not just a means of transportation—speed resonates with those who value productivity, treasure moments of joy, and believe in the power of science," said Gihan Amarasiriwardena, President and Co-Founder of Ministry of Supply. "We're thrilled to be able to bring this capsule to the world and inspire trips to those far-off destinations unlocked through supersonic flight." "At Boom, our mission is to make the world dramatically more accessible, Our collection with Ministry of Supply is styled to a future where we can explore the world with much greater efficiency and ease." -Bob Stohrer, Chief Marketing Officer for Boom Supersonic The Boom x Ministry of Supply Supersonic Capsule is an exclusive six-piece branded 'system' designed for those on the move. Each piece is designed to offer the ideal blend of engineering, performance, and comfort, and includes: The world's fastest blazer. Like the world's fastest and most sustainable supersonic airline, Overture, the Kinetic Blazer is engineered for efficient travel, with warp-knit, wrinkle resistant stretch fabric. Kinetic has broken two Guinness World Records for the fastest half-marathon in a suit, and is crafted by a team that specializes in carbon fiber used for aircraft fuselages. Coffee-powered socks. Atlas Crew Socks pair body-mapped cushioning with odor-absorbing, coffee-infused yarn, to maximize freshness from takeoff to touch-down. 3D Print-Knit eye mask. Moisture-wicking fabric helps to mitigate dry eyes, designed and knit in 3D to create a form-fitting, light-blocking seal around the eyes for more peaceful overnight trips. Travel blanket. Made from 100% recycled material, this blanket is perfectly sized for travel, and moisture-wicking for next-level humidity control, creating a more comfortable microclimate in flight. Weekend tote. An all-purpose tote large enough to carry the essentials, designed with tough, nylon-webbed shoulder straps for enhanced durability. Travel cup. A vacuum-insulated stainless steel mug keeps your favorite travel beverage at just the right temperature throughout your journey. The limited-edition supersonic travel capsule collection is available now at Ministry of Supply, while quantities remain. To explore the collaboration, please visit: https://www.ministryofsupply.com/all/boom-x-ministry-of-supply-supersonic-capsule About Boom Supersonic Boom Supersonic is redefining commercial air travel by bringing sustainable, supersonic flight to the skies. Boom's historic commercial airliner, Overture, is designed and committed to industry-leading standards of speed, safety, and sustainability. Overture will be net-zero carbon, capable of flying on 100% sustainable aviation fuels (SAF) at twice the speed of today's fastest passenger jets. Overture's order book, including purchases and options, stands at 70 aircraft, and Boom is working with the United States Air Force for government applications of Overture. Named one of TIME's Best Inventions of 2021, the XB-1 demonstrator aircraft rolled out in 2020, and its carbon neutral flight test program is underway. The company is backed by world-class investors, including Bessemer Venture Partners, Prime Movers Lab, Emerson Collective and Amex Ventures. For more information, visit https://boomsupersonic.com. About Ministry of Supply Ministry of Supply is an MIT-founded clothing company that leverages advanced manufacturing techniques, innovative materials, and human-centered design to make clothing scientifically better and more adaptable for the modern hybrid lifestyle. For more information, visit www.ministryofsupply.com.

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TRAVEL TECHNOLOGY

Posadas and Sabre will collaborate to boost the distribution strategy of the hotel operator

Posadas | July 15, 2022

Sabre Corporation (NASDAQ: SABR), a leading provider of software and technology powering the global travel industry, announced a new distribution agreement with Posadas, Mexico's leading hotel operator, which will help accelerate its growth plans and drive higher revenue through Sabre's SynXis Central Reservations (CR) platform. The agreement will allow the hotel operator to put its inventory in front of hundreds of thousands of travel agents globally across all major global distribution systems (GDS) through Sabre Hospitality's innovative SynXis CR. This platform offers specific functionalities and capabilities that help drive higher revenue and streamline internal processes, improving efficiency. "Sabre is an important travel technology company in the world and with leadership in Mexico that offers a comprehensive distribution platform for the different sales channels including the Global Distribution Systems (GDS), Our partnership with Sabre includes replacing our current GDS connectivity technology with SynXis." -José Jaime Lorenzo, director of Revenue Management, Technology and Distribution, Posadas. Sabre also continues to support Posadas' GDS marketing, helping to position its hotels under the Live Aqua, Grand Fiesta Americana, Curamoria Collection, Fiesta Americana, The Explorean, IOH, Fiesta Inn, Gamma and one brands through Sabre's Sponsored Property and Promospot campaigns. "We are delighted to support Posadas' distribution strategy with the implementation of SynXis CR. To successfully compete and drive incremental revenue opportunities, it is essential that hoteliers equip themselves with the right technology tools to put their offerings in front of global markets, We are excited to enable Posadas to capture and create future travel demand in a key market like Mexico and beyond." -Frank Trampert, senior vice president and global general manager, Community Sales, Sabre Hospitality. Available in eight languages, SynXis CR enables a single system of record that can help implement hoteliers' distribution strategy, reaching the industry's broadest distribution points and supporting their business goals. Hotel owners and managers can enter and maintain their own property information, including rates, photos, inventory and policies, as well as view booking data and reports through the SynXis online portal, where they can access various marketing tools. 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 offers sales, distribution and fulfillment solutions that help its customers operate more efficiently, generate revenue and deliver personalized experiences to travelers. Through its leading travel marketplace, Sabre connects travel providers with buyers around the world. Sabre's technology platform manages more than $260 billion in global travel expenses annually. Headquartered in Southlake, Texas, USA, Sabre serves customers in more than 160 countries around the world. For more information, visit www.sabre.com. About Posadas Posadas is the leading hotel operator in Mexico that owns, leases and manages 185 hotels and 28,690 rooms, with a presence in the most important and visited beach and city destinations in Mexico and the Dominican Republic. Its hotels located in city destinations represent 87% of the total rooms it has and in beach destinations 13%. Posadas operates the Live Aqua Beach Resort, Live Aqua Urban Resort, Live Aqua Boutique Resort, Grand Fiesta Americana, Curamoria Collection, Fiesta Americana, The Explorean, IOH, Fiesta Inn, Gamma and one brands, as well as the Live Aqua Residence Club and Fiesta Americana Vacation Club vacation programs. Posadas has been listed on the Mexican Stock Exchange (BMV) since 1992. For more information, visit: www.posadas.com

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TRAVEL TECHNOLOGY

GigNet Signs Agreement with Oasis Palm and Grand Oasis Hotels to Provide World Class Internet to Create Memorable Travel Experiences

GigNet | July 06, 2022

GigNet, a Digital Infrastructure company with an extensive regional fiber optic broadband network from Costa Mujeres, North of Cancun, through the Hotel Zone of Tulum, announced today it is implementing a private network to connect Oasis Palm, Oasis Smart, Grand Oasis and three corporate offices. This will ensure fast, reliable connections with seamless communication between the six locations. Oasis is a leading hotel group in Cancun, and one of the driving forces behind its success is the constant philosophy of innovation. This technology partnership with GigNet underscores Oasis’ commitment to exceptional guest services and superior operations. “Every day is important when you want to reach excellence and we work hard to meet our clients’ expectations for a truly memorable vacation experience. Advanced broadband has become an essential element in creating that experience. High-speed Internet helps us provide innovative entertainment and it also permits us to have access to the data that we need to make smarter and quicker business decisions,” -Gener Hernandez, Corporate IT Manager for Oasis Hotels. Mark Carney, OBE and President of GigNet Mexico stated, “We are excited about welcoming Oasis Palm and Grand Oasis to the GigNet family. Oasis and GigNet are both pioneers in the Cancun region and we share a forward-thinking spirit. This also expands our relationships with the leading hospitality innovators headquartered in Spain that operate in Mexico and Latin America. Oasis joins the growing list of hotel and resort developers that recognize GigNet’s superior technology and leadership in client satisfaction.” Mr. Carney added, “GigNet Managed Services allows our clients to create a secure private network that enables seamless communication between departments and locations for guest services and management information systems.” ABOUT OASIS HOTELS Oasis Hotels & Resorts is a major hotel group founded in the 1970s by a Spanish family who were pioneers in the Cancun tourism industry, including innovations in the operations and marketing of all-inclusive resorts. The group prides itself on gastronomy and entertainment offerings that pamper guests with high-quality options and world-class service. In the Cancun region Oasis operates a variety of properties, including magnificent beachfront resorts, two hotels that are designed for families with children, and two urban hotels in central Cancun that are popular with business travelers. Together, these properties offer travel experiences that appeal to a wide range of international tourists and visitors from other regions of Mexico. https://oasishoteles.com/en ABOUT GIGNET GigNet is the Mexican Caribbean brand of GigNet, Inc., a U.S. based international Digital Infrastructure company specializing in Fiber-to-the-Home (FTTH) and Fiber-to-the-Premises (FTTP) for enterprise customers including hotels, resorts, retailers, offices, large commercial operations, governmental offices, and medical and educational facilities, as well as fiber-optic transport services for mobile phone operators in the region. Through its Mexico operating subsidiaries, GigNet, S.A. de C.V., and Sanalto Redes Peninsular, S.A.P.I. de C.V., the Company is a fully licensed telecommunications provider in Mexico. GigNet is actively adding customers to its extensive regional broadband network in the Mexican Caribbean, one of the largest and fastest growing tourism and new residential development destinations in the world, with over 25 million annual airport visitors. GigNet is a leader in the Digital Transformation of the region.

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