Airbnb has secured $1 billion in additional funding as it seeks to weather a downturn in demand following the coronavirus pandemic. Demand has fallen by as much as 90 per cent in some markets as the world battles the outbreak.
Amadeus has issued €750 million in new capital and €750 million in senior convertible bonds to further strengthen its capital position. The tech leader sought to improve its liquidity in the face of the near-term uncertainty caused by the impact of Covid-19 on global travel.
Marriott International has been involved in a second massive data breach, with records from 5.2 million customers potentially compromised. Hotel guests’ names, loyalty account information and other personal details may have been accessed, the company said.
Security personnel, volunteers and first responders at Expo 2020 will be able to tap in to best-in-class encrypted mobile communications technology following the signing of agreement with Esharah Etisalat Security Solutions.
CWT has introduced web-based flight booking capabilities to its global travel management platform, myCWT. In addition to using a chosen online booking provider, travelling employees can now book flights and hotels through any of the servicing and booking channels offed by CWT.
Etihad Airways will leverage Tencent’s cloud computing capabilities and social media platforms, such as WeChat, to better support its customer engagement strategy in China and other potential regions globally.
The Hyundai Ioniq delivers everything expected of a conventional car, but with all the environmental and economic benefits that come with electrified driving.
CWT has appointed David Pitts to the role of vice president, revenue management, global supplier management. He reports to Brian Mogler, senior vice president, global supplier management.
Growth was supported by the solid operating performances of its businesses, particularly IT Solutions, the consolidation of TravelClick and positive foreign exchange effects.
Expedia has said it will dismiss around 3,000 members of staff, including 500 at its headquarters in Seattle. The cuts represent around 12 per cent of the workforce.
Through this agreement, Lufthansa and its portfolio of airlines will continue to rely on the Altéa Passenger Service System to manage reservation, inventory, ticketing, disruption management at the airport and departure control.
CWT has appointed Erica Antony to the role of chief product officer. In this newly created role, Antony will provide dedicated leadership and focus to drive CWT’s product strategy and offerings in the market.