Thursday, February 9, 2023

SMEs are key to driving the business travel sector’s recovery in Australia

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A global SME travel management company says SMEs will be a key driver in the country’s travel recovery and will play an important role in giving the economy a needed boost.

Trivago decision shows the value of direct accommodation booking

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Peak industry body the Accommodation Association says Federal Court decision in relation to Trivago highlights the value for Australian consumers in booking accommodation direct or through Australian travel businesses. Trivago, which is part of American online travel shopping company Expedia Group Inc., was fined $44.7m for misleading consumers about hotel rates. Justice Mark Moshinsky said Trivago’s conduct has cost Australian consumers $30m.

New research reveals AUD falls won’t stop two-thirds of Aussies travelling

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After more than two years of restrictions, new research reveals that most Aussies are keen to travel and spend overseas at almost any cost. Two-thirds of the population will travel overseas, make overseas purchases, invest overseas or make donations offshore, despite a declining Australian dollar.
Boom time for boating: Flotespace sees 675% growth in summer months

Boom time for boating: Online boat marketplace Flotespace sees 675% growth over the summer...

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Helping to bolster domestic tourism is just one way Flotespace is transforming the boating industry – the business is also developing sophisticated new booking system using cutting-edge technology that will enable users to see every available slot they can book a boat, in real-time.

Foreign exchange threshold deemed psychologically important for travel

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A study from Amadeus reveals that hidden charges levied by financial intermediaries lead to travelers facing high charges for the privilege of paying in a currency they understand.

How blockchain technology could resuscitate the global travel industry

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Over the past decade, blockchain technology has gained traction, with many taking a sudden interest. But is it time to concede that it is a viable technology? Given the many black-market paradoxes associated with this technology, I get the reluctance to fully onboard the Crypto.

Cirium and Amadeus deal to provide enhanced flight search and booking

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Cirium, the aviation analytics firm, has signed a deal with Amadeus to provide its advanced flight schedules data into the Amadeus Travel Platform, further enhancing the dataset available for flight search and bookings. As one of the travel industry’s tech leaders, complete and timely data is essential for Amadeus to deliver high quality information to customers.

Thales with Airfree, transform the onboard e-Shopping experience aboard Singapore Airlines

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Passengers can browse and purchase items from a single place with real time payment, wide range of offerings and attractive promotions. Passengers can shop from the comfort of their seat with multiple delivery options – to home or on their connecting or returning flight.

Eco-tourism company Big Tiny raises $3 million in Pre-Series A funding

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Tiny house eco-tourism company, Big Tiny, has raised US$3 million (AU$4.2 million) in pre-Series A funding, as VCs and consumers back sustainable accommodation and the tourism bounces back from its COVID-19 slumber. This round of funding gives the business a valuation cap of US$22.5 million (AU$31 million).

SMB owners’ mental health takes a hit due to lack of personal travel

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American Express’ Business Class research explores the wellbeing and business benefits of personal travel. This is important as challenges continue to mount on Australia’s SMB sector in light of inflation, supply chain pressures, labour shortages and the volatility surrounding the COVID-19 pandemic. 47% of Aussie SMB owners say their mental health and wellbeing have suffered as they weren’t able to take time off for a holiday during the COVID-19 pandemic.