The Wrap: Passengers love mobile, touchless tech, Ascott expands, Air India transforms
Passengers going all in for mobile and touchless tech, SITA Insights show
ITA’s 2022 Passenger IT Insights research highlights pent-up demand for both business and leisure travel emerging from the pandemic, with passengers further embracing mobile and touchless technologies.
The survey revea [...]
No contenders to fight big 3 anytime soon, and net zero by 2050 “a big lie”
Pundits make predictions at Phocuswright Europe
IT’S hard to see any challengers emerge in the post-pandemic landscape to take on the big three travel giants – Booking, Expedia and Trip – which control 75% of the global OTA market, predicted pundits at Phocuswright Europe in Amsterdam this [...]
With $100m fund, 777 Partners eyes tech startups to “democratise” aviation
Top 1% control 75% of global aviation traffic – “we want to change that”, says Adam Weiss
AVIATION investment firm, 777 Partners, recently acquired two travel technology companies – AeroCRS and WorldTicket. The two companies join a growing portfolio of airlines and travel tech firms, includ [...]
Metaverse could become equaliser for small, independent brands, says Accenture’s Tansey
With rising consumer interest in virtual experiences, Accenture highlights opportunities for travel and hospitality
ACCENTURE recently released its latest research on the impact of the growing use of immersive technologies such as augmented and virtual reality in the travel and hospitality sector. [...]
Sequoia launches $850m SEA fund, Trip picks CHOOOSE
SEQUOIA Capital, marking its 50th anniversary, has raised $2.85 billion to fund Indian and South-east Asian startups. The fundraising is its largest so far for India and Southeast Asia.
A total of $850 million will go towards Sequoia's first fund dedicated to South-east Asia, Sequoia SEA Fund I.
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Yanolja Cloud names David Peller as EVP, launches into f&b with Gusto X
YANOLJA Cloud, the Software-as-a-Service company owned by South Korea’s Yanolja, continues its expansion with the appointment of a global senior leader and a joint venture in the f&b sector.
It has appointed David Peller, formerly managing director, travel and hospitality, Amazon Web Servic [...]
FCM steps up its game in Japan with blend of global-local tech solutions
GLOBAL travel management company FCM is marking its 10th year of operating in Japan by opening a new, dedicated Tokyo office as part of its decision to have more skin in the game in the world’s fourth largest business travel market
Last September, it took a majority stake in NSF Engagement, w [...]
Chain4Travel, founded by three veterans, raises Sfr4.3m to build blockchain platform
CHAIN4TRAVEL, founded by three travel veterans, has raised seed funding of Sfr4.3 million for the development of its blockchain-based travel platform, known as Camino, as well as chase growth for the company.
The Switzerland-based business combines the experience and expertise of Ralf Usbeck, who [...]
Yanolja Cloud invests in PMS platform InnKey to accelerate its global hospitality solution business
AI-based SaaS (Software-as-a-Service) company, Yanolja Cloud has invested in InnKey Infosystems Pvt. Ltd, a provider of cloud-based enterprise PMS platform for premium hotels and chains, to accelerate its global hospitality solution business.
Terms of the deal have not been disclosed.
India-b [...]
Go City betting big on APAC and new head banking on deep localisation to get there
Travellers are coming whether attractions are ready or not, says Baidi Li
Baidi Li, who's spent her travel career in the tours and activities space, was recently elevated to lead Go City's expansion and growth in Asia Pacific as its new SVP of commercial for the region. Yeoh Siew Hoon catches up wi [...]
