Travel Weekly Group Ltd - 10 Minutes News for Hoteliers - Page 86

3 min

HBX Group hosts first European partner…

📌 HBX Group's MarketHub event was held in Algarve, Europe, attracting hundreds of executives to discuss technology, Gen Z, and digital payments. The platform processes over 6.2 billion searches and 80,000 requests per second, with a €200 million investment in technology over three years. "Olivia," an AI-powered customer service platform, and advanced AI applications were showcased. The Algarve saw 5.2 million visitors in 2024, exemplifying sustainable tourism growth. The global travel industry, valued at $11 trillion, is expected to see the B2B travel market reach $94 billion by 2032. Gen Z, comprising 30% of the global population, prioritizes personalized, sustainable travel, heavily influenced by social media. HBX Group's recent IPO and commitment to governance and transparency were also highlighted.

2 min

ATPI’s Asian expansion strengthens global…

🛫 ATPI, a travel and events solutions provider, is expanding across Asia, with the regional corporate travel market projected to increase from $737.1 billion in 2024 to $848.16 billion by 2025. The Manchester-headquartered company is enhancing its presence in China, Taiwan, South Korea, and opening new offices in India and Balikpapan, Indonesia. ATPI's expansion aims to meet the demands of Asia's rapidly growing economic sectors, including technology, AI, electric vehicles, and renewable energy. With a focus on tech-driven, custom travel solutions, ATPI also caters to specific industries like marine, energy, and event management.

1 min

Tokyo launches medical information portal

🏥 Launched by the Tokyo Metropolitan Government, the Tokyo Medical Information Site for Foreign Tourists and Residents is an online portal designed to assist non-Japanese speakers with navigating the city's healthcare system. It provides information on emergency assistance, how to find medical facilities, receiving care instructions, and multilingual support contacts. The portal is available in multiple languages, including Japanese, English, Chinese (simplified and traditional), Korean, and others via AI translation.

2 min

India expands its presence at 2025 Arabian…

🌍 India's tourism industry is booming, with a focus on its market at the Arabian Travel Market (ATM) from 28 April to 1 May in Dubai. India's outbound tourism is expected to hit US$55 billion by 2034, growing at a CAGR of 11.4%. Dubai saw 3.14 million South Asian visitors last year, with India being significant. Indian hotel supply grew at over 3% CAGR in the last decade, adding 114,000 rooms since 2014. ATM 2023 will see a 41% increase in Indian participation, expecting over 47,000 attendees and 2,600 exhibitors.

2 min

Airlines risk losing billions by failing to…

🏨 A report by Accenture reveals airlines could boost annual revenues by 3-6% by adopting new distribution models, potentially unlocking billions in revenue. Insights from over 300 airline executives and 3,000 travelers indicate a disconnect between traveler expectations and airline offerings. Slow adoption of New Distribution Capability (NDC) since 2012 leads to missed revenue and customer retention opportunities. Airlines are losing $14 billion in untapped revenue; 71% of travelers prefer OTAs for ease and deals. Technological and skill constraints hinder progress, with 32% of airline executives blaming outdated tech and 29% a lack of workforce skills. Only 1% see leadership mindset as a barrier.

2 min

TTI addresses AI uses at its annual conference

📈 Travel Technology Initiative (TTI) held an event last month in London to discuss AI use in the travel industry. Google's Lalit Gupta showcased Generative AI applications, emphasizing a shift from query-driven to multi-modal searches. Trip.com's European GM, Andy Washington, discussed personalization of trip recommendations through AI. Autoura CEO Alex Bainbridge highlighted the importance of AI in itinerary planning. Worldpay, which sponsored the event, presented on eCommerce fraud prevention with AI. The day also included a live coding tutorial.

2 min

Outpayce launches payments marketplace…

✈ Outpayce and Amadeus co-created the first travel-dedicated payments marketplace, collaborating with leading airlines. The marketplace supports payment orchestration, offering an interactive catalog to help airlines select the right connections to improve payments performance. It provides information on countries, currencies, services, and live data on transaction volumes. Outpayce's Xchange Payments Platform (XPP) reduces review and decision-making time, simplifies integration with APIs, and speeds up adding new payment capabilities. AEGEAN contributed to the creation of the Marketplace Catalog, enhancing payment options and passenger experiences. Outpayce's marketplace displays hundreds of payment partners worldwide and will expand its offerings in the coming months.

1 min

TBR Global Chauffeuring strengthens APAC…

📍 TBR Global Chauffeuring, a premium ground transportation firm based in Glasgow, has opened a new office in Tokyo's Kamiyacho Trust Tower. This marks TBR's fourth Asia-Pacific hub, adding to locations in Hong Kong, Shanghai, and Singapore. The company, operating in Japan for over a decade, reports a robust year-on-year growth of 25% in the region, aiming to bolster its services for global customers in major Japanese cities and cater to sectors like financial roadshows, international events, and corporate travel.

2 min

Great Western Railway tests fast-charge…

🚃 In a pioneering trial for future passenger service, 250 volunteers participated in a test event on Great Western Railway's battery train, assessing energy consumption for the Department for Transport (DfT). The trial, which started in March of the previous year, involved two return trips between West Ealing and Greenford on a Class 230 train, utilizing fast-charge technology with a charging time of 3½ minutes. With over 900 return trips completed in various conditions, the data will inform GWR's decarbonization strategy and potential railway industry applications.

2 min

NEC collaborates with SITA to drive digital…

🚀 SITA, alongside NEC Corporation, has forged a partnership aimed at advancing digital identity technology within the travel industry. This alliance introduces NEC into SITA's Digital Travel Ecosystem, enhancing real-time digital identity verification. The system, designed with privacy in mind, features the Trust Network for secure credential sharing. With 28% of airlines and 43% of airports planning to adopt biometric solutions within a year, and SITA and NEC's combined expertise, the collaboration is set to streamline the travel experience, addressing standardization hurdles and promoting global adoption of digital identities.

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