TUI takes stake in peakwork, software specialist for the travel industry
TUI Ventures, the capital investment company of TUI Group, has acquired 15.4% stake in technology provider peakwork, the first anchor investor for the Düsseldorf-based company.
peakwork is also planning to attract additional investors.
The parties have agreed not to disclose the investment pr [...]
AccorHotels invests in lifestyle brand 25hours Hotels
AccorHotels is acquiring a 30% stake in 25hours Hotels as part of its ‘strategy to be a global leader in lifestyle hotels’, as well as to support 25hours’ long term growth.
The financial terms of the investment are not disclosed
25hours Hotels, headquartered in Hamburg, Germany, currentl [...]
Trends that matter in online travel
At WIT 2016 Conference in Singapore last month, Lorraine Sileo, vice president research of Phocuswright, shared the key trends that mattered in online travel with Yeoh Siew Hoon, founder, WIT.
Q. What are the big global trends that you’ve seen in the past year?
Consolidation, circle of d [...]
Booking.com launches new platform for travel agents
Booking.com is piloting a portal, Booking.com for Travel Agents, which will enable travel agents to book and manage accommodations via Booking.com.
The new platform is an extension of the company’s existing Affiliate Partner Programme, and leverages technology and infrastructure being developed [...]
Sabre awards US$10,000 to Singaporean team at first Asia Pacific Hackathon to “Reinvent Travel”
Developers, start-ups and technology and travel industry innovators from around Asia Pacific gathered in Singapore to code through the night during Sabre Corporation’s (NASDAQ: SABR) first Asia Pacific hackathon, ‘Destination Hack: Singapore’. The challenge? In 24-hours, conceptualise and prog [...]
The Wrap: SilkAir and Sabre join forces to help Laos grow its tourism market
The weekly news roundup: It’s all about partnership and growth this week – Sabre’s distribution agreement with SilkAir, Malaysia Airlines Bhd’s technology partnership with Amadeus, Travelport’s new deal with Indonesian travel agencies
DESTINATIONS: SilkAir and Sabre join forces to help [...]
Tony Fernandes on retirement, egos and one AirAsia
Last week, Tan Sri Dr Tony Fernandes was awarded Airline Executive of the Year by CAPA (Centre for Aviation) in Amsterdam. In giving this award, CAPA said, “AirAsia is back at the front of the pack and Tony has once again shown why he is one of the industry’s leading executives. The original sho [...]
The Millennial Traveller: Google Travel and the ‘Man Behind the Curtain’
All eyes were locked on Eric Zimmerman, director of Google Travel, when he commanded the stage at the WIT Conference 2016 in Singapore last week. But this wasn’t the same sort of attention usually paid to other speakers. An air of intrigue, anger and even a touch of intimidation floated in the roo [...]
Future is in generic apps and WeChat is paving way for Western world, says KLM’s Pieter Elbers
For an airline that’s celebrating its 97th birthday, KLM Royal Dutch Airlines has done a pretty good job of innovating in the digital space. It was the first airline to start using Facebook Messenger to communicate with its customers.
It’s been active on social media – its Lost and Found vi [...]
2020 Insights: T&E – the game-changer for business expenses (infographic)
Business travel-related expenses account for, on average, 10% of a company’s annual budget. The unique habits and expectations of millennials will put upward pressure on this. With Asia expected to home 60% of the world’s millennials globally by 2020, current Travel and Expenses (T&E) operat [...]
