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Travel Weekly Group Ltd

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  • 2 min

Data reveals road ahead for travel firms…

🛫 European survey by FinMont highlights that 10% of travelers under 34 abandon bookings without mobile wallets. In 2024, mobile wallet travel transactions surged by 30%, with 37% of bookings being mobile. 74% of travelers use digital wallets, climbing to 82% among millennials. 10% would spend more on trips with Buy Now, Pay Later options. Additionally, 14% rebook due to loyalty rewards. Simplifying payments is crucial for better customer experiences and unlocking revenue.
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Thomas Cook debuts new UK mobile app for…

📱 Thomas Cook, the UK's oldest travel agency, now part of eSky Group, launched its first app on iOS and Android. This app allows users to book ATOL-protected dynamic packages from hundreds of airlines and thousands of hotels globally, all in one transaction. Chief Holidays Officer Alan French highlighted the growing mobile trend, emphasizing the app's role as both a booking tool and a personal travel guide. Developed in-house, it supports Google Pay, Apple Pay, Mastercard, and Visa.
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Etraveli Group adds KKR and CVC to its…

🛫 Etraveli Group, headquartered in Stockholm, partnered with KKR as a new minority investor alongside CVC Capital Partners, who acquired it in 2017. The new strategic partnership aims to bolster Etraveli's global expansion. An eight-year agreement with Booking.com, active since 2019, continues. Etraveli also launched a Fintech division offering Precision, a fraud management tool for airlines. CEO Mathias Hedlund emphasized innovation and global growth with CVC and KKR. Financial details remain undisclosed.
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Frenchospitality selects Eviivo to power…

🏨 Frenchospitality partnered with eviivo to centralize operations in Paris and beyond. By switching to eviivo, the boutique hotel operator cut tech costs from 4% to just over 1% of annual revenue, saving up to €9,000 monthly for a 40-room hotel. They achieved a 35% direct booking rate, surpassing the 20% global average, thanks to eviivo's tools like advanced API, OTA connections, and WhatsApp integration, which also reduced credit card fees by over 1%.
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Saudia moves to orders with Amadeus Nevio

✈️ Saudia, the national flag-carrier of Saudi Arabia, has implemented a guest-centric operation by converting traditional booking records into dynamic 'orders' using Amadeus’ smart bridging capabilities. This transformation enhances real-time service delivery, offering flexible pricing and digital servicing. The initiative aims to elevate operational agility and guest experience through data-driven retailing. Saudia’s partnership with Amadeus allows a seamless transition while maintaining business continuity with existing infrastructure.
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Forge Holiday Group boosts its tech…

💻 Forge Holiday Group, parent to Sykes Holiday Cottages and Forest Holidays, appoints Jule Owen as Chief Product Officer to boost tech capabilities. With 20+ years in tech and finance, including roles at Rothschild, Unruly, and Microsoft, Owen will enhance AI use and drive innovation. Previously, she was Chief Product and Technology Officer at startups like KareHero. CEO Graham Donoghue emphasizes the significant impact expected from Owen’s leadership in the holiday letting sector.
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Airport technology enhances traveller…

🛫 Global airport automation is projected to grow from £40 billion in 2025 to £63 billion by 2033, driven by digital innovations. Over 12,000 surveyed travellers highlight digital boarding passes (71%) and fast-track security (68%) as impactful in the UK. Biometric ID and automation enhance experiences, with 60% globally spending more at airports. UK travellers enjoy dining (55%), shopping (48%), and lounges (40%). Human interaction remains crucial for service (67%) and security (59%).
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Accenture and Google Cloud partner with Air…

🚀 Accenture and Google Cloud partnered with Air France-KLM in 2023 to establish a generative AI (gen AI) factory on Google Cloud. This initiative enables the airline to streamline AI deployment, enhancing areas like ground operations and customer service, with a 35% faster development cycle. Innovations include a private gen AI assistant and retrieval-augmented generation use cases. GenAI Days event fostered cost-cutting and revenue growth ideas. This collaboration aims to boost resilience and competitiveness.
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Flight prices prove a barrier to tourist…

✈️ Mabrian's analysis reveals airfare forecasts for Latin America show mixed trends for the upcoming six months. Airfares in Argentina and Mexico dropped by 10%, with Colombia seeing a 6.6% decrease. Conversely, Chile and Brazil saw increases of 11.3% and 12.2%, respectively. The U.S.-Latin America routes experienced fare reductions of up to 50%. The air travel sector, accounting for 8.3 million jobs and USD 240 billion GDP, was discussed during the IATA conference in Bogotá, June 25-26.
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