Despegar acquires Mexico’s Best Day Travel Group for $136M

PhocusWire | January 27, 2020

Despegar acquires Mexico’s Best Day Travel Group for $136M
Argentina-based online travel agency Despegar is boosting its position in Mexico with the purchase of Best Day Travel Group for $136 million. According to a release, Best Day had revenue of $140 million in 2019 and EBITDA of $8 million, with 70% of its sales coming online. Despegar says this makes the transaction the largest in the Latin American travel intermediary space in terms of revenue and will allow it to increase its revenues by 25%. Approximately 75% of Best Day’s revenue is generated in Mexico, with the remainder coming primarily from Brazil, Argentina, the United States and Canada. The majority - 95% - of its revenue comes from the sale of packages, hotels and other travel products sold direct to consumers online and through call centers and at more than 200 kiosks.

Spotlight

Imagine yourself rafting down the Colorado River, taking in the sights of the breathtaking Black Canyon around you. The fresh air invigorates your senses, and the warm sun rejuvenates your spirit. You know there will be nothing else like it.A river rafting trip is bound to be an unforgettable adventure, unless of course you don't have the right supplies on hand.Here's what you need to pack for your Colorado River rafting trip:


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HOSPITALITY TRENDS

SendSquared Partners with Resort Data Processing, an Award-Winning Provider of Property Management Software

SendSquared & Resort Data Processing | November 30, 2021

SendSquared (sendsquared.com), a data and marketing communications platform for the hospitality industry, announced it has partnered with Resort Data Processing (RDP), a leading provider of property management software. The collaboration will integrate SendSquared with RDP’s property management software to provide resorts, hotels and vacation rentals the tools to power all guest communications including email, text and voice services. “RDP is a respected industry standard that brings decades of experience in the hospitality industry to this collaboration,SendSquared is absolutely thrilled to join forces with a company we so deeply admire, and together offer added value to our current and future customers.” -Nicolas Wegener, CEO of SendSquared. With the SendSquared integration, properties using RDP software can now leverage valuable guest data to power meaningful communications and sales efforts. At every touchpoint along the customer journey–from pre-booking to post-stay–users can deliver personalized, timely messages that delight guests and allow them to relax and focus on enjoying their stay. “At RDP, we create solutions that meet the unique needs of each customer,Our partnership with SendSquared will provide our customers with best-in-class marketing solutions to help grow their businesses and generate more revenue.” -RDP President Barry Biegler About SendSquared Founded in 2018 and based in the Twin Cities, SendSquared provides an all-in-one communication platform for the hospitality industry that facilitates email marketing, SMS, voice services, CRM and more to help resorts and hospitality organizations grow by building strong customer relationships and increasing direct bookings. SendSquared is trusted by more than 100 leading resorts, hoteliers, and VRMCs. For more information or to demo SendSquared, follow us on Twitter, LinkedIn, and our blog. About Resort Data Processing Resort Data Processing (RDP) has long been considered one of the pioneers of the property management software industry, and currently supports over 1000 installations worldwide. RDP specializes in providing a customized solution for each client. We cater to properties of all sizes, from small luxury vacation rental companies, to 1500 room resort properties. Our software solutions offer an endless feature set that has evolved over 35 years from customer input and real world application.

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FCM strengthens financial position in response to covid-19

TravelDailyNews International | April 09, 2020

FCM Travel Solutions’ parent company Flight Centre Travel Group (FCTG) has announced a comprehensive package of initiatives to strengthen its balance sheet and liquidity position. These initiatives mean that FCTG has secured a total AUD $900 million through a mix of capital raising and new debt facilities. They complement previously announced cost reduction and cash preservation initiatives implemented by FCTG to help overcome the unprecedented travel and trading restrictions imposed by governments in response to the covid-19 pandemic. This will enable FCM Travel Solutions to increase its focus on key investments and to support all customers even during prolonged challenging business travel trading conditions. The move also allows the global TMC to execute its long-term strategy, expand its capabilities and service a significant number of new clients. The additional funding means the group’s total liquidity position now amounts to over AUD $2.3 billion.

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Millennial business travellers push the future of corporate travel

Travel Daily Media | March 11, 2020

UK based travel techspert Travelport has published data which suggests millennial travellers are driving corporate travel towards a post-digital era in Asia Pacific (APAC) as their exceptionally high use of digital channels is being met by mounting frustrations with existing offerings. According to the study, more millennial business travellers in APAC use a mobile device when researching (68%) and booking (67%) a trip than in any other region worldwide. Use is second highest in North America (64% and 55%, respectively) and lowest in Europe (54% and 45%, respectively). One third (36%) of millennial business travellers in APAC even now claim they use mobile devices to both book and pay for ‘every trip’.

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UgoVirtual Event Platform provides robust alternative to onsite meetings

TravelDailyNews International | March 04, 2020

UgoVirtual, a comprehensive online platform designed to meet the growing virtual travel and event management/hosting needs of the global travel and hospitality sectors, is providing a timely alternative to onsite events that have come under scrutiny in light of recent global health concerns surrounding the Novel Coronavirus (COVID-19). As cases of the virus continue to escalate worldwide, the hotel, travel and event industries are particularly vulnerable, due to their inherent reliance on physical travel, and are bracing for its economic impact.

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Spotlight

Imagine yourself rafting down the Colorado River, taking in the sights of the breathtaking Black Canyon around you. The fresh air invigorates your senses, and the warm sun rejuvenates your spirit. You know there will be nothing else like it.A river rafting trip is bound to be an unforgettable adventure, unless of course you don't have the right supplies on hand.Here's what you need to pack for your Colorado River rafting trip:

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