Travel Weekly Group Ltd - 10 Minutes News for Hoteliers - Page 129

5 min

Guest Post: How diverse payment solutions…

🏝 In 2023, international tourist arrivals hit 1.3 billion, with Asia's middle class fueling the surge. Travel and tourism revenue in Asia is expected to reach US$326 billion by 2024, growing annually at 5.36% until 2028. Payment diversity is crucial, as Asia features a fragmented landscape with China's QR codes, Japan's Konbini, and Singapore's PayNow. India's mobile wallet usage is high, with a predicted double-digit CAGR from 2023 to 2027. In Asia Pacific, e-wallets account for 70% of e-commerce transactions. Southeast Asia has over 70% of its population underbanked. Innovations like BNPL and cross-border QR payments are emerging. Agoda integrated PayPay in May 2024, noting a significant uptake from Japanese travelers.

2 min

WeRoad launches WeRoadX tours in the UK,…

🏕️ WeRoad expands its WeRoadX marketplace to the UK, France, and Germany, designed by seasoned travellers for small groups of 8-15 people. Over 800 new itineraries were created in Spain and Italy, including unique experiences like Día de Los Muertos celebrations in Yucatán and Harry Potter-themed tours in the UK. Coordinators can earn up to €60,000 annually. In Italy, 30% of WeRoad travellers chose WeRoadX, contributing to one-third of WeRoad's business in Italy and Spain. Twenty new WeRoadX trips are now available in the new markets.

2 min

PredictX launches internal carbon pricing…

📊 PredictX launched an Internal Carbon Pricing tool for corporates to set carbon prices and encourage sustainable travel. The feature, added to PredictX's AI-driven Sustainability Module, provides insights into carbon emissions' financial impact and is integrated with data from over 200 sources. This tool aims to help organizations meet carbon reduction targets by monetizing emissions and stimulating behavior change.

2 min

Apaleo secures €20M in new funding

💰 Apaleo, an API-first property management platform, secured €20 million led by PSG Equity with participation from Redalpine, FOMCAP IV, and Rockaway Ventures. The funding will expedite Apaleo's global expansion, talent acquisition, and platform innovation. Currently, Apaleo operates in over 30 countries, managing 85,000+ units serving 1,700+ properties including customers like citizenM, easyHotel, and Numa. The investment underscores a shift in the hospitality industry towards flexible, adaptable technology solutions.

1 min

BA systems failure could cause knock-on…

✈️ British Airways experienced an IT glitch around 5pm Monday, causing a two-hour disruption and impacting worldwide and domestic flights, including from Heathrow, Gatwick, and London City. Delays continued into Tuesday, with the potential for further disruption. This follows previous IT issues in May last year, spring 2017, and February 2020. British Airways apologized for the inconvenience and worked to minimize the impact on travelers’ plans.

2 min

Sponsored Post: How the 12Go Affiliate…

🏆 12Go's affiliate program offers partners competitive payouts, with an average earning of USD 3 per booking and a minimum payout starting at USD 10. The program provides benefits such as hassle-free processes, performance reporting, promotional tools, and API access. B2B partners can earn a two-tier commission: 50% of 12Go's total commission plus up to 20% price top-up. With over 70,000 destinations, 13,000 operators, and weekly payouts in nine currencies, the program supports a global reach. The approval process for new partners takes less than 48 hours.

2 min

Luggage storage network Bounce announces…

💸 Bounce.com, a US travel company and global luggage storage network, secured $19 million in Series B funding, led by Sapphire Sport with participants like Thayer Ventures and Andreessen Horowitz. With over 6 million bags stored and generating tens of millions of dollars for partners, Bounce aims to expand, including growing its UK network of over 670 partners. Since its Series A in 2022, the company's revenue surged 20x, and plans include new verticals and services by 2025.

4 min

Travellers set to take more holidays and AI…

🌍 Marriott Bonvoy’s report forecasts leisure travel growth in 2025: 42% of travelers aim for more holidays compared to 2024, 81% expect to maintain or increase travel frequency. The average plan includes 2 domestic, 2 short-haul, and 1 long-haul holidays. Heritage Holidays gain popularity with 36% having taken one; 32% planning one. Bravecations emerge as 67% feel braver while traveling, with 44% trying new foods and 43% climbing heights. AI usage in travel planning jumps from 26% to 41% in just a year. Cleanliness (95%), price (92%), and location (91%) dominate accommodation preferences, while sustainability is important for 65%. Special pricing is the top booking incentive at 52%. Shoulder season travel is considered by 74% primarily for better value.

2 min

Two weeks until AltoVita’s The Altos Awards…

🏆 The Altos, an award ceremony by AltoVita, set for its fifth year on December 2 in London at the Ham Yard Hotel. Categories include Best Interior Design and Most Innovative Use of Technology. Industry leaders from Rotana and NBC Universal will discuss hospitality trends and safety. The event starts at 3pm with discussions, followed by an award ceremony at 6pm and an after-party until 10pm. Free tickets are available for hospitality operators.

1 min

Web Summit 2024 in Lisbon sees sold out…

🏠 Web Summit, the world's largest tech conference as per TIME, hosted 71,528 attendees and sold out. The event showcased 3,050 exhibiting companies, with women representing 44% of these - a record high. It featured major tech players like IBM, Adobe, and Meta, and included key speakers such as Pharrell Williams and Microsoft's president Brad Smith. The conference, with 1,066 investors and 953 speakers, had after-hours networking at 100 city bars over two nights.

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