Posts Tagged :

Technology

Space-Focused SPAC Completes IPO to Link with Ventures Focusing on Space

500 276 wttc2

Space-Focused SPAC Completes IPO to Link with Ventures Focusing on Space - MADEINSPACE.com - TRAVELINDEXWashington DC, United States, January 17, 2022 / TRAVELINDEX / A blank-check company that has former Blue Origin President Rob Meyerson as its CEO has completed a $287.5 million initial public offering, furthering its plans to link up with ventures focusing on space, cybersecurity and energy innovation.

For a better understanding of Space and to join the economic and industrial development of space. Contributors welcome at MadeInSpace.com

C5 Acquisition Corporation, a special purpose acquisition company (SPAC), announced the closing of its initial public offering of 28,750,000 units at a price of $10.00 per unit, including 3,750,000 units issued pursuant to the exercise by the underwriters of their over-allotment option in full, on January 11, 2022. The units were listed on the New York Stock Exchange and began trading under the ticker symbol “CXAC.U” on January 7, 2022. Each unit consists of one share of Class A common stock of the Company and one-half of one redeemable public warrant. Each whole public warrant entitles the holder thereof to purchase one share of Class A common stock of the Company at a price of $11.50 per share. Once the securities comprising the units begin separate trading, the shares of Class A common stock and public warrants are expected to be listed on the New York Stock Exchange under the symbols “CXAC” and “CXAC WS,” respectively.

The Company is led by CEO Robert Meyerson, former president of Blue Origin. Steve Demetriou, Chair and CEO of Jacobs Engineering (NYSE:J), will be the company’s Non-Executive Chair of the Board of Directors. The Company is a newly organized blank check company incorporated as a Delaware corporation for the purpose of effecting a merger, consolidation, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses or companies. While the Company may pursue an initial business combination with any company in any industry, the Company intends to focus on businesses at the leading edge of national security innovation in three key sectors: Space, Cybersecurity and Energy Transition.

Cantor Fitzgerald & Co. and Moelis & Company LLC served as the joint book-running managers for this offering. The offering was made only by means of a prospectus, copies of which may be obtained by contacting Cantor Fitzgerald & Co., Attention Capital Markets, c/o Cantor Fitzgerald & Co., 499 Park Avenue, 5th Floor, New York, NY 10022.

For a better understanding of Space and to join the economic and industrial development of space. Contributors welcome at MadeInSpace.com

The registration statement relating to the securities became effective on January 6, 2022. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

First published at TravelCommunication.net

First published at TravelNewsHub.com – Global Travel News

Golf Clubs Are Using Technology for Members Safety and Income Boost

500 299 wttc2

Golf Clubs Are Using Technology for Members Safety and Income Boost - TOP25GOLFCOURSES.com - TRAVELINDEXBucks, United Kingdom, January 16, 2022 / TRAVELINDEX / Technology is helping golf clubs connect and recover. It wasn’t too long ago when the words “our members won’t/don’t use apps” came from the lips of many a club manager. But now it is a different story. With the advent of COVID-19 and social distancing being the norm, at least for the time being, many managers are turning to technology to help them do more with their precious resources.

Discover the World’s Best Golf Courses at TOP25 Golf Courses.

With limited time and staff, general managers need to be able to quickly reconnect to their members, efficiently communicate and start the process of recovery. And they need to be able to all three quickly.

This where the technology we all have in our pockets becomes a very valuable resource to clubs:

Communications

In this rapidly changing environment where rules are being adjust almost daily, traditional methods – email, club notice board (defunct atm), letter – is either too slow, out of reach or they just plain don’t read them.

Even the new option of social media has its limits as it still requires your members to actively go and check.

As the general manager, this makes you and your team’s lives harder as your members don’t all know the new rules, what’s happening and how to behaviour (distancing, where to park, etc) and have to spend time painstakingly explaining this to them – from a safe distance of course!

This is where mobile app technology can remove this burden by allowing managers, even from the comfort of their own homes, to quickly and easily communicate directly to their members giving them instant updates, pointing them in right direction and keeping their members abreast of the club’s news and new rules.

Online Bookings

It is essential that you have your players turn up appropriately and not be queued in the pro shop/reception!

Via a club app, like CourseMate, allowing members to access your online bookings allow you to organise the number of available slots in any given day, reduce bottlenecks and minimise “misunderstandings” without having members popping into your office.

Have a last minute slot available? Then sending out a push notification will soon get that place filled!

It also makes it very easy and convenient for your members & visitors, especially if you have more than one booking system (or a member system plus a booking system) because you can centralise these in one place and not get your golfers to download half a dozen different apps or scour your website to find the correct page.

This applies to booking in matches or checking out their personal golfing accounts with systems like Handicapmaster, Master Scorecard, HDID, Golf Genius, etc.

Technology is now the new norm, isn’t it time you made your life (and your member’s life’s) easier to book, set up games and to check out your playing history?

Keeping Golfers Safe Out On The Course

Paper scorecards are the traditional method of keeping your scores but now with social distancing and transference of the virus digital scorecards are now the way forward.

By using digital scorecards along with online booking, it promotes car park golf in the short term, where players turn up, change their shoes, get on the course and play.

Organisers can run events and competitions remotely via the cloud and players can enter their scores via apps, taking the whole process away from physical scorecards and points of contact. There are a number of established companies that will help you do just this.

Again you don’t have to get your members to download a dozen different apps either, with a good club app like CourseMate, you can centralise them making convenient and easy for all.

Food & Beverage

With digital F&B menus it is easy to create temporary menus to suit the current situation and to update them as the season continues (not to mention the cost saving and time required on the printed versions)

Like scorecards, removing the paper element from the equation ensures that members are kept safe from any transference, no matter how small the risk is, and maintains social distancing keeping both staff and golfers safe.

It is not just the ease of creating a reduced menu and updating it, but using the technology that comes as standard with mobile phones, members can call for their food in advance ensuring it is ready for their arrival; reducing waiting times, unnecessary contact and providing another source of revenue. If your POS system allows online ordering, again this can be used for the same purpose.

For clubs that have a halfway house players can call in advance for “grab and go”. Allowing staff to put out drinks/quick food options in advance.

Offer take home meals – Members can place order prior to finishing their round so everything is ready by the time they finish their golf allowing them to take home a delicious meal for the entire family.

Discover the World’s Best Golf Courses at TOP25 Golf Courses.

About CourseMate Golf Club App
CourseMate keeps your members happy with clear club communications, centralisation of current systems and allows you to stay easily connected to them whilst still allowing you to market to visitors, grow your data base and increase revenues across the venue.

First published at TravelCommunication.net

First published at TravelNewsHub.com – Global Travel News

Archipelago Selects Sabre to Support Aggressive Global Growth Plans

500 309 wttc2

Archipelago Selects Sabre to Support Aggressive Global Growth Plans - HOTELWORLDSJakarta, Indonesia, December 2, 2021 / TRAVELINDEX / Sabre Corporation, a leading software and technology provider that powers the global travel industry, today announced a new, long-term strategic relationship with Archipelago International to enable the fast-growing operator to extensively grow geographic reach as it focuses on ongoing global expansion plans.

With this agreement, Archipelago Hotel Group’s inventory will be available to hundreds of thousands of travel agents globally across all major Global Distribution Systems (GDSs) through Sabre Hospitality Solutions’ innovative SynXis platform. The deal will also enable Archipelago, Indonesia’s largest hotel chain, to reach out to major corporations and consortia travel agencies, thereby improving access to lucrative corporate and leisure travel markets.

“As one of the fastest growing hotel groups in the world, it is imperative to us that we have the right technology partner with far-reaching, robust and reliable solutions to support us in our ambitious growth strategy so we can reach travellers across all segments and geographic markets, while focusing on our overarching aim of exceeding guest expectations across all of our hotels,” said John Flood, President & CEO, Archipelago International.

Archipelago is the largest privately owned and independent hotel operator in Southeast Asia, with more than $4bn assets under management globally, comprising 150+ properties across 60+ destinations and 10 brands from budget to luxury, including its best-known ASTON brand. Already the market leader in Bali, where international travel has now re-opened for certain destinations, Archipelago is also continuing to expand further afield, including making investments in the Middle East and Caribbean with more destinations to follow.

“Sabre certainly hasn’t hit the pause button during the pandemic. And, Archipelago has also been very proactive during these challenging times by continuing to focus on global expansion plans as well as, of course, ensuring it has the right technology at its fingertips to capture recovery,” said Frank Trampert, Global Managing Director, Sabre Hospitality Solutions. “We’re delighted Archipelago has selected Sabre to open up a new world of distribution for the group at this key time for its own brands and the wider travel industry.”

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 provides retailing, distribution and fulfilment solutions that help its customers operate more efficiently, drive revenue and offer personalized traveller experiences. Through its leading travel marketplace, Sabre connects travel suppliers with buyers from around the globe. Sabre’s technology platform manages more than $260B worth of global travel spend annually. Headquartered in Southlake, Texas, USA, Sabre serves customers in more than 160 countries around the world.

About Archipelago International
Southeast Asia’s largest privately owned and independent hotel management group, operating over 150 hotels with a further 50+ under development across Southeast Asia, the Caribbean, and the Middle East. Trusted hotels with a long track record and 20,000 rooms in more than 60 destinations with brands including ASTON, Collection by ASTON, The Alana, Huxley, Kamuela, Harper, Quest, NEO, favehotels, and Nordic.

First published at TravelCommunication.net

First published at TravelNewsHub.com – Global Travel News

Revinate Acquires Go Moment

500 279 wttc2

Revinate Acquires Go Moment - TRAVELINDEXSan Francisco, California, United States, November 23, 2021 / TRAVELINDEX / Revinate, a leader in omni-channel direct booking platforms for the hospitality industry, announced today it has acquired Go Moment, an AI driven, commerce-enabled messaging solutions provider for the hospitality industry.

The combined company will be called Revinate. Together, the companies’ focus continues to be enabling hoteliers to synthesize and activate their guest data intelligence to convert direct bookings and commerce at any point during the guest journey.

Revinate’s mission is to deliver hoteliers scalable direct revenue and profits from data-driven solutions that cultivate deeper relationships with guests. Customers love Revinate as they can engage with their guests throughout the guest lifecycle with automated and personalized campaigns across various channels, including email, voice, SMS and the most popular messaging platforms. Thousands of hotels currently use Revinate’s direct booking platform to generate 20x or greater ROI.

50 million guests have met Go Moment’s AI powered digital concierge, Ivy. Hoteliers love how Ivy automates nearly 60% of guest requests with her AI-driven, real time responses, streamlining both staffing and service delivery. Hoteliers have also seen fantastic ROI results from messaging commerce, from bookings to upgrades to amenities.

By integrating Revinate’s unique direct booking platform with Go Moment’s AI driven messaging and commerce capability (Ivy), Revinate will further enhance its omni-channel capabilities to engage with guests and create commerce opportunities between guests and the hotel. This combination enables the platform to maximize the lifetime value of each guest through targeted campaigns and seamless guest experience.

“This is a real game changer for our industry. The very best synthesized guest data intelligently powering the very best omni-channel guest lifecycle communications means Revinate has become the ultimate direct booking platform for hoteliers,” said Marc Heyneker, the CEO of Revinate.

Go Moment’s CEO Raj Singh will be joining the Revinate leadership team as a Chief Strategy Officer (CSO). “I am delighted to join Revinate in accelerating our hospitality industry’s bright future by building the ultimate omni-channel direct booking platform. I look forward to working with Marc Heyneker and his excellent team to serve the global hotel market,” said Raj.

“Ivy users gave us about 10 points higher satisfaction scores. To get that another way, I’d probably have to double my staff or do something else extraordinary.” – Michael Marino, former Chief Experience Officer at Caesars Entertainment

“Revinate empowers our small marketing team by saving us time so we can do so much more than we could otherwise. I think our $100M+ in revenue with Revinate speaks for itself.” – Serena Bethle, Database Marketing Manager at Brittain Resorts and Hotels.

About Revinate:
Revinate is one of the global leaders in CDP-driven direct booking platforms, cultivating intelligent and deeper guest experience and driving revenue and profitability for hoteliers. Founded in 2009, Revinate counts tens of thousands of the world’s leading hotels as customers and has won numerous awards for its software as a service (SaaS) solution, including 2018, 2019 and 2020 Top Rated Email Marketing and CRM Product by Hotel Tech Report.

About Go Moment:
Go Moment® connects the hospitality industry with their guests – delivering unforgettable experiences to both. Through their guest communications solutions, they are on a mission to make a billion people smile. Ivy, their AI powered digital concierge, routinely delivers high ROI to hotels while delighting guests.

First published at TravelCommunication.net

First published at TravelNewsHub.com – Global Travel News

OAG Launches New Flight Info Alerts Platform

500 246 wttc2
OAG Launches New Flight Info Alerts Platform

Singapore, Singapore, November 22, 2021 / TRAVELINDEX / Instant Notification and Detection Product Meets Changing Customer Needs. OAG the world’s leading provider of travel data and insight, today announced the launch of Flight Info Alerts, its new detection and notification product that delivers changes to flight schedules in real-time.

In response to customer demands for a fast and reliable feed which expedites vital changes, it is the only product on the market that enables customers to get instant updates on carrier flight schedules so they can handle data volatility in real-time.

“Alerts is a much-needed solution for our customers who manage bookings or operations and anyone who relies on the accuracy of these vital changes to drive their business. Volatility of this data over the last 18 months has become an increasing challenge, so our customers need us to tell them what’s changed in real-time,” said Phil Callow, CEO, OAG.

OAG’s Flight Info Alerts launch is the latest in a wave of new product innovations powered by its new technology platform, OAG Metis, which saw the release of Flight Info Direct, a Snowflake enabled platform to access and integrate ready to query data, earlier this year.

The evolution and ambition of OAG’s Flight Info API continues to gather pace to equip customers with data covering the full flight and booking journey, with the imminent availability of Flight Status Data into the API suite. Access through a singular API enables OAG customers to innovate, react faster and scale quicker.

Phil Callow adds, “We’re innovating rapidly to meet the changing needs of the travel sector. Our investment in OAG Metis and great tech partnerships with Snowflake and Microsoft Azure enable us to serve the entire ecosystem to scale and serve multiple markets rapidly and efficiently.”

OAG has customers across the travel ecosystem and is embedded in booking engines, travel and hospitality apps, airline apps, online travel agencies, metasearch, search engines, and flight tracking apps.

About OAG
OAG is a leading global travel data provider, that has been powering the growth and innovation of the air travel ecosystem since 1929. Headquartered in the UK, OAG has global operations in the USA, Singapore, Japan, Lithuania and China.

First published at TravelCommunication.net

First published at TravelNewsHub.com – Global Travel News

Sabre Announces Strategic Partnership with TUI Hotels

500 278 wttc2
Sabre Announces Strategic Partnership with TUI Hotels

Hannover, Germany, November 19, 2021 / TRAVELINDEX / Sabre Corporation, the leading software and technology provider that powers the global travel industry today announced a long-term partnership with TUI Group, a leading integrated tourism group, that sees Sabre Hospitality Solutions as distribution provider and business partner for the group’s own hotel brands worldwide, which include TUI Blue, Robinson and TUI Magic Life.

For all your booking and lodging solutions worldwide book at HotelWorlds.com at best rates available.

In the course of the partnership, around 70 hotels of the TUI portfolio will use Sabre’s platform solution, including SynXis Central Reservations (CR) and Channel Connect, to enable its new distribution strategy. The group will benefit from the Sabre SynXis Platform’s advanced technology to streamline its operations and grow its footprint globally, while securing an effective, future-ready channel strategy that will help maximize revenue from both direct and indirect channels.

In collaboration with Sabre, TUI’s hotel division will explore opportunities for product innovation and distribution growth, while charting a new path toward full digitalization. Through their combined expertise in the leisure segment, TUI and Sabre will seek to implement an innovative revenue generation strategy that will help fuel travel’s recovery and anticipate future business needs.

“In a changing hospitality marketplace, our objective is to create a winning engagement model that strengthens our core offering – unique holiday experiences,” said Martin Schreck, Chief Information Officer Sourcing & Assets at TUI Group and Managing Director, TUI InfoTec GmbH. “To do this, we are enhancing our technology, while focusing on futureproofing our business. Sabre’s technology will help enable us to fully automate our guest operations – including booking, setting up and amending guest offers – enabling our staff to focus on providing unique, personalized stays. Sabre’s response to the shifting landscape of hospitality, along with its robust, stable and agile platform, will help us secure our recovery and build on our guest experience.”

This partnership supports TUI’s long-term strategy to deploy innovative technology to enhance its operations and improve the guest experience.

For all your booking and lodging solutions worldwide book at HotelWorlds.com at best rates available.

“We are excited to embark on this partnership with TUI’s popular hotel brands, and look forward to redefining the guest experience together,” said Frank Trampert, SVP and Global Managing Director Commercial, Sabre Hospitality Solutions. “Leisure has become one of the critical revenue streams for the travel industry and a key accelerator to recovery from the industry impacts of the COVID-19 pandemic. We are proud to be at the heart of this and look forward to a long and successful partnership with TUI that powers a new generation of retailing, distribution and fulfillment in hospitality.”

Today’s announcement demonstrates Sabre’s ability to help hoteliers operate more efficiently, increase revenue and deliver the highly personalized experience travelers want and expect, further underscoring Sabre’s critical role in the business of travel.

First published at TravelCommunication.net

First published at TravelNewsHub.com – Global Travel News

Accor’s Collection of Branded Residences Showcased on New Website

500 324 wttc2
HOTELWORLDS - Accor’s Collection of Branded Residences Showcased on New Website - TRAVELINDEXParis, France, October 16, 2021 / TRAVELINDEX / Accor Group operates 70+ branded residences around the world under 16 brands – from the upper echelon of the luxury market to premium and midscale brands, with an increasing number of highly compelling lifestyle offerings. A new website showcases the group’s impressive collection of branded residence offerings at accor-residences.com

“Accor’s activity in the hotel-branded residences sector is a perfect example of the Group’s entrepreneurialism, innovation and powerful drive to lead the industry in any venture in which it gets involved,” said Jeff Tisdall, SVP of Development, Residential and Extended Stay, Accor. “Accor brands like Raffles and Fairmont have been pivotal in the evolution of branded residences for nearly two decades. Thanks to these trailblazing frontrunners, we’ve been able to apply the expertise we’ve acquired by introducing private residences to a number of our brands in recent years. Accor now offers the industry’s most comprehensive portfolio of branded residences, introducing inspiring new visions for homeownership across a wide spectrum of consumer segments.”

Accor’s diverse portfolio of branded residences features privately owned apartments, villas and chalets which are developed, designed, and serviced to the standards of one of its globally recognized brands. Most of Accor’s branded residences are co-located with an Accor-managed hotel, although standalone residential projects are on the rise as well. Branded residences combine exclusivity and the comfort of luxury living, with a comprehensive array of on-demand hotel services. In resort locations, purchasers of branded residences may have the option to participate in a managed rental program, enabling them to generate rental income when not enjoying their home personally.

According to 2021 data from Savills International Development Consultancy, the branded residences sector looks set to maintain its resilience and continue its extraordinary run of growth. The last decade has seen the number of branded residences increase by 230%, adding more than 50,000 units across 356 schemes. Meanwhile, Knight Frank’s Global Buyer Survey 2021 revealed that 39 per cent of residential real estate buyers would be willing to pay a premium for a hotel branded property, citing services and amenities as the top motivation.

“It’s an exciting time as we are seeing an increasing preference among developers and hotel owners for projects that combine a hotel with a private residence component. Consumers are eager to invest in real estate that will be managed by a trusted hotel brand with the knowledge they’ll also have access to an atmosphere and experiences that are near to their heart,” said Agnès Roquefort, Chief Development Officer, Accor. “A key focus of Accor’s development strategy is to accelerate the expansion of our branded residential portfolio, with the right projects in the right markets.”

One of Accor’s most anticipated flagship properties is Raffles London at The OWO and The OWO Residences by Raffles, which will open as a new icon of global hospitality and luxury living. With no two homes alike, eighty-five exclusive residences are being developed within the historic Grade II* listed former Old War Office building in London – a magnificent landmark located between the palaces of British royalty and the halls of British government. Closed to the public for over a century, The OWO has undergone a dramatic transformation over the last five years in order to create the capital’s first Raffles hotel with 120-rooms and suites, a collection of 11 outstanding restaurants and bars, and an immersive spa.

“At The OWO Residences by Raffles, homeowners will have the privilege of living within a rare location, benefitting from a world-renowned hotel on their doorstep, while enjoying the serene privacy of being at home,” said Stephen Alden, CEO Raffles & Orient Express. “Our goal is to elevate the residential experience. Whether it’s a private dinner by a favorite chef; a bespoke art consultation; or a sudden whim for martinis at midnight – our Raffles Butlers and dedicated concierge team will provide residents with all the legendary warmth and intuitive service that generations of Raffles guests have come to know, love and count on.”

In addition to its global leadership in branded residences and luxury hospitality, Accor has established a dominant position in the lifestyle hospitality sector through its joint venture with Ennismore. With more than a dozen lifestyle brands now in its collection, Ennismore currently has seven lifestyle branded residential projects open and operating with another 17 under development, including projects under leading brands such as Mondrian and SLS.

“We are particularly excited by the growth opportunities where private residences and our lifestyle brands intersect,” said Gaurav Bhushan, Co-CEO, Ennismore. “By definition, a lifestyle brand offers a holistic style, culture and values that permeate the entire guest experience from sleeping to socializing, which is what makes residences at brands such as SLS, SO/ and Mondrian so compelling as places where guests want to live, work and play.”

First published at TravelCommunication.net

First published at TravelNewsHub.com – Global Travel News

Sabre and Emirates Sign New Distribution Agreement

500 312 wttc2

Sabre and Emirates Sign New Distribution Agreement - TRAVELINDEXDubai, United Arab Emirates, October 11, 2021 / TRAVELINDEX / Sabre Corporation, the leading software and technology company that powers the global travel industry, and Emirates, one of the world’s largest international airlines, have signed a new multi-year, worldwide distribution agreement.

The new agreement will provide Sabre-connected travel buyers and agencies with access to Emirates’ content, through Sabre’s global distribution system (GDS), with immediate effect. Further to this, Emirates will create and distribute NDC offers through the Sabre GDS.

“We are delighted to reestablish our long-standing partnership with Emirates,” said Roshan Mendis, Chief Commercial Officer, Sabre Travel Solutions. “The agreement demonstrates our commitment to creating a sustainable distribution model that benefits all constituents across the travel value chain. Resulting from thoughtful discussions between both parties, our new agreement will provide both Emirates and travel buyers with immense value, removing complexity in the buying process, which is crucial to the recovery of the industry.”

The new contract will connect Emirates to a global network of travelers, while supporting its global vision to provide travel buyers and travelers with personalized offers.

“We are pleased to have reached this distribution agreement with Sabre,” said Adnan Kazim, Chief Commercial Officer at Emirates. “The new contract will support us to meet the needs of our agency partners. Providing agencies with flexibility, choice and efficiency will help them to thrive in the current climate and will help us drive revenue and growth.”

In addition to the new agreement, Sabre will continue to partner with Emirates on advanced retailing, data and analytics capabilities through a number of its industry-leading solutions in areas such as network planning, revenue optimization and market intelligence.

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 provides retailing, distribution and fulfilment solutions that help its customers operate more efficiently, drive revenue and offer personalized traveler experiences. Through its leading travel marketplace, Sabre connects travel suppliers with buyers from around the globe. Sabre’s technology platform manages more than $260B worth of global travel spend annually. Headquartered in Southlake, Texas, USA, Sabre serves customers in more than 160 countries around the world.

About Emirates
Emirates is the award-winning airline renowned for its industry-leading services in the air and on the ground. It is the world’s largest operator of the popular Boeing 777 and iconic Airbus A380 aircraft, both modern and efficient widebody aircraft types which offer the latest onboard comforts. Emirates’ global network connects over 120 cities on six continents to, and through, its hub in Dubai. The airline also contributes to vibrant communities as a prominent sponsor of sports and cultural events around the world.

First published at TravelCommunication.net

First published at TravelNewsHub.com – Global Travel News

S Hotels & Resorts to Accept Cryptocurrencies as Payment

500 286 wttc2
S Hotels & Resorts to Accept Cryptocurrencies as Payment

Bangkok, Thailand, October 4, 2021 / TRAVELINDEX / S Hotels and Resorts Public Company Limited, the flagship hospitality arm of Thailand’s Singha Estate PCL, constantly strives to drive the hospitality industry forward and cater for a new generation of guests. This pioneering company has now taken another big stride into the future by becoming one of the first hotel groups in the world to start accepting cryptocurrencies as payment.

S Hotels & Resorts has announced a ground-breaking new partnership with FTX, a leading cryptocurrency trading platform, to enable its customers to book and pay for their stays using virtual online currencies. Initially, S Hotels & Resorts’ two award-winning properties in the Maldives – SAii Lagoon Maldives and Hard Rock Hotel Maldives – will welcome cryptocurrencies from 1st October 2021, becoming the first resorts in the country to do so.

Nestled in the idyllic Kaafu Atoll, SAii Lagoon Maldives is a tropical lifestyle retreat for millennially-minded guests, and Hard Rock Hotel Maldives is the iconic music-themed brand’s first Maldivian property. Both resorts were honoured in the Luxury Lifestyle Awards 2021. They form part of CROSSROADS Maldives, a breath-taking integrated resort that features a wealth of world-class facilities, including diverse dining, wellness, water sports, diving, eco-sensitive excursions, oceanfront events and more.

As the first resorts in the Maldives to accept cryptocurrencies, SAii Lagoon Maldives and Hard Rock Hotel Maldives are creating fresh opportunities for forward-thinking guests to book their festive holidays in the Maldives, which is fully open for international travel. Vacations at these two world-class resorts can be paid for in USD Coins (USDC) and Tether tokens (USDT), with more cryptocurrencies expected to be added in future. Bookings must be made directly with each property’s reservations department. Payments can be arranged securely, from anywhere in the world.

There benefits of cryptocurrencies are manifold; they will expand the number of payment options offered by S Hotels & Resorts, targeting new and potentially untapped sectors of the market, while helping hotels to drive a greater number of direct bookings. They will also appeal to a new wave of Gen Y and Gen Z consumers, who operate in the online space and appreciate the convenience of virtual transactions.

“At S Hotels & Resorts, we are constantly seeking new ways to connect with our customers and remove barriers to travel. We fully understand that in today’s world, an increasing number of consumers are turning to cryptocurrencies as a secure and stress-free way of paying for goods and services. As an innovator in the hospitality space, we are excited to start working with FTX and enable virtual currencies at our two resorts in the Maldives. We hope to expand this partnership to even more of our award-winning hotels and resorts around the world in future,” said Dirk De Cuyper, Chief Executive Officer, S Hotels & Resorts.

“Looking ahead, we will continue to roll out new and flexible solutions that enhance all aspects of our guest journey, from planning, payment and booking to in-stay experiences, bespoke services, community activities and more. We want to become the hospitality provider of choice for a new generation of customers,” Mr. De Cuyper added.

Founded in 2018, FTX is a global cryptocurrency exchange that has partnered with a wide range of leading virtual currency firms, including Circle, Sequoia and Paxos, among others. It is also a responsible company, having donated more than US$10 million to charities in the last three years. This perfectly aligns it with S Hotels & Resorts’ own extensive CSR commitments.

S Hotels & Resorts joins a growing number of cutting-edge companies that now accept cryptocurrencies as a payment option, including Microsoft, Rakuten, AT&T, Twitch and Virgin Galactic.

First published at TravelCommunication.net

First published at TravelNewsHub.com – Global Travel News

SpaceFund Invests in Hydrosat

500 285 wttc2
SpaceFund Invests in Hydrosat - TRAVELINDEXHouston, Texas, United States, September 14, 2021 / TRAVELINDEX / SpaceFund is excited to announce our recent impact investment in Hydrosat. While we consider almost any investment in opening the Frontier to be an impact investment, as we believe that many of the near and long term solutions to the issues challenging humanity will be found in space, Hydrosat fits neatly into the center of what many beyond the space movement consider as a company whose work will have a direct impact on human life.

Company Description:
To maximize the output of farmlands, it is critical that farmers have the maximum amount of data about the health of their crops. Hydrosat’s unique data and analytical capabilities provide the vital information growers need, proven to increase crop yields and conserve water. Satellite imagery is the most cost-effective way to gather information about farming conditions, but the existing sensors in space provide data that are only lagging indicators of crop health. In other words, current information provides insight into what has happened in a given field, whereas Hydrosat’s information is predictive about what will happen in the future, thus allowing farmers to calibrate their plans and improve outcomes. Hydrosat’s thermal infrared sensor is the key to this capability. Today many companies use a calculation from data available for free from NASA satellites called Normalized Difference Vegetation Index (NDVI), to provide farmers with information about their crops, but it has limitations as a predictive tool. Hydrosat is launching a new thermal infrared sensor to collect temperature data that will increase the predictive power of satellite imagery in agriculture and other industries.

Recent Company Milestones: 

  • In July 2020, Hydrosat received a €3.735M contract with the European Space Agency (ESA) “to develop an operational processor that meets commercial requirements for agriculture, in both crop yield estimations and irrigation decision support applications.”
  • The company also received $798,519 in SBIR grants from the U.S. Air Force to use low Earth orbit (LEO) thermal imagery with higher resolution and faster repeat cycle, providing better and more up-to-date information for flight planners. “This would ensure better mission safety to our Airmen while protecting multi-million dollar assets from poor landing conditions. The Hydrosat solution is being designed to serve the agriculture industry, yet its capabilities are also aligned with Air Force needs, allowing the Service to benefit from a system that would spread cost and risk while accelerating development.”
  • The company expects to launch its first sensor aboard a SpaceX rocket in Q4 2022, with Loft Orbital working as the satellite bus provider and integration partner.

First published at TravelCommunication.net

First published at TravelNewsHub.com – Global Travel News