Travel Weekly Group Ltd

💳 Katanox was granted a PSD2 license by the FCA to offer payment services in the UK, extending its reach beyond the EEA. The platform improves hospitality payment processes by consolidating functions, reducing VCC transaction failures (up to 25%), and cutting reconciliation time, where 31% of hotels struggle. On average, five employees spend 7 hours weekly on reconciliation. Katanox's solution enhances efficiency, transparency, and the customer experience for hotels and travel agencies.

🏗️ New Murabba, a PIF company, partners with South Korea's NAVER Cloud for a 14 sq km urban project in Riyadh, KSA. The three-year agreement focuses on tech and automation, with New Murabba's CEO Michael Dyke emphasizing its role in Vision 2030. The project will create 300,000 jobs, featuring 100,000 residential units, 10,000 hotel rooms, and The Mukaab. A forum in Seoul with over 500 delegates explores tech and investment opportunities. 🏗️

💻 RateGain and Cloudbeds have partnered to enhance hotel distribution strategies using AI. Integrating RateGain’s UNO Channel Manager with Cloudbeds’ property management system, the collaboration allows management of rates, inventory, and reservations across 400+ channels. The AI-powered system reduces manual labor and overbookings. Cloudbeds’ PMS optimizes costs, staff, and profitability, while Cloudbeds Intelligence provides decision-making advantages. Bhanu Chopra (RateGain) and Adam Harris (Cloudbeds) highlight the partnership's potential for unlocking global revenue opportunities.

💳 Advantage Travel Partnership, a UK travel agency group, partnered with ConnexPay in May 2025 to enhance payment solutions for its members globally. ConnexPay, founded in 2017, offers Virtual Card issuing across six continents. Members reported up to a 10% increase in card rebates via ConnexPay's Intelligent PayOuts. This collaboration aims to streamline payment flows, improve cash flow, and reduce risks, reinforcing Advantage's commitment to innovation in the travel industry.