Cruise

General Atlantic Announces Investment in Plusgrade, Joining Existing Investor CDPQ

Retrieved on: 
Monday, March 4, 2024
Software, Professional Services, Vacation, Cruise, Public Transport, Technology, Lodging, Destinations, Travel, Rail, Transport, Finance, Acquisition, Growth, CDPQ, Scotiabank, General Atlantic, Goodmans, Acceleration, Consumer, Barclays, Head, Partnership

General Atlantic, a leading global growth investor, today announced a strategic growth investment in Plusgrade, a global leader powering ancillary revenue solutions for the travel industry.

Key Points: 
  • General Atlantic, a leading global growth investor, today announced a strategic growth investment in Plusgrade, a global leader powering ancillary revenue solutions for the travel industry.
  • With this transaction, Novacap will fully exit its stake in Plusgrade, and existing investor CDPQ will remain a significant shareholder.
  • General Atlantic intends to partner with Plusgrade to support the company’s continued growth, including through the acceleration of new business segments and go-to-market efforts, strategic M&A opportunities, and key operational initiatives.
  • Barclays served as financial advisor and Paul, Weiss, Rifkind, Wharton & Garrison LLP served as legal advisor and Goodmans LLP served as co-counsel to General Atlantic.

OneSpaWorld Reports Record Fourth Quarter and Fiscal Year 2023 Results

Retrieved on: 
Wednesday, February 28, 2024
Luxury, Fitness & Nutrition, Health, Cosmetics, Lodging, Retail, Destinations, Travel, Cruise, Lazarus, Quarter, Total, Ship, Growth, Adjustment, Crystal Cruises, GAAP, COVID-19, Business analyst, Tax, OSW, Tourism

OneSpaWorld Holdings Limited (NASDAQ: OSW) (“OneSpaWorld,” or the “Company”), the pre-eminent global provider of health and wellness services and products on-board cruise ships and in destination resorts around the world, today announced its financial results for its fourth quarter and twelve months of fiscal 2023, ended December 31, 2023.

Key Points: 
  • OneSpaWorld Holdings Limited (NASDAQ: OSW) (“OneSpaWorld,” or the “Company”), the pre-eminent global provider of health and wellness services and products on-board cruise ships and in destination resorts around the world, today announced its financial results for its fourth quarter and twelve months of fiscal 2023, ended December 31, 2023.
  • The unlevered after-tax free cash flow conversion rate was 72% in the fourth quarter of 2023.
  • Staff Count: The Company ended the fourth quarter with 4,120 cruise ship personnel on vessels, compared with 3,927 and 3,566 cruise ship personnel on vessels at the end of the third quarter of 2023 and the fourth quarter of 2022, respectively.
  • Fourth Quarter Ended December 31, 2023 Compared to December 31, 2022
    Results of operations for the fourth quarter of 2023 continued to accelerate from 2022 as the Company has returned to normalized operations since the conclusion of the COVID-19 pandemic.

eDreams ODIGEO Achieves Record Revenues and Grows Profits by 54% as Subscriber Base Tops 5.4 Million Members

Retrieved on: 
Wednesday, February 28, 2024
Other Consumer, Other Transport, Trucking, Transport, Finance, Consumer, Electronic Design Automation, Professional Services, Data Management, Logistics, Supply Chain Management, Consumer Electronics, Technology, Vacation, Other Travel, Cruise, Transportation, Public Transport, Destinations, Travel, Share repurchase, ODIGEO, Growth, Marginal profit, EDreams ODIGEO, EDreams

Dana Dunne, CEO of eDreams ODIGEO commented: “We are excited to have achieved record revenues and a remarkable 54% growth in profitability.

Key Points: 
  • Dana Dunne, CEO of eDreams ODIGEO commented: “We are excited to have achieved record revenues and a remarkable 54% growth in profitability.
  • We continue to pioneer the travel industry with our subscription model, which has topped 5.4 million members and is the largest contributor to our revenues and profits.
  • With the majority of profits and revenues now coming from subscribers, it is clear that we have evolved beyond the confines of a traditional travel company.
  • For the first time in the Company’s history, revenues surpassed the €500 million mark within 9 months, reaching €507.3 million, reflecting a 10% growth from €459.7 million last year.

Virgin Voyages Powers Fastest Internet at Sea with Industry-First Integrated MEO-LEO Service from SES

Retrieved on: 
Monday, February 26, 2024
Data Management, Satellite, Technology, Carriers and Services, Other Travel, Destinations, Travel, Maritime, Transport, Telecommunications, Vacation, Cruise, Networks, Internet, Mobile, Wireless, Social media, Senior, Ship, Starlink, Virgin Voyages, Infrastructure, MEO, Heart, LEO, Security, Tourism

Combining Medium Earth Orbit (MEO) and Low Earth Orbit (LEO) satellite coverage, the SES Cruise mPOWERED + Starlink PRO service will provide unmatched connectivity of up to 1.5Gbps per ship, enabling Virgin Voyages’ sailors to enjoy exclusive passenger experiences.

Key Points: 
  • Combining Medium Earth Orbit (MEO) and Low Earth Orbit (LEO) satellite coverage, the SES Cruise mPOWERED + Starlink PRO service will provide unmatched connectivity of up to 1.5Gbps per ship, enabling Virgin Voyages’ sailors to enjoy exclusive passenger experiences.
  • The seamlessly integrated high-performance connectivity service with no data consumption limitations will power Virgin Voyages’ high-end cruise offering of tech-savvy cabins, beautiful spas, and designer suites, plus award-winning entertainment, which all require superior connectivity.
  • Launched in 2021, Virgin Voyages offers adult-only voyages on ships inspired by boutique hotels, sailing to 100+ ports globally.
  • To learn more about SES Cruise mPOWERED + Starlink packages, click here.

Best in Alaska! UnCruise Adventures Clinches Four Prestigious Travel Awards

Retrieved on: 
Friday, February 23, 2024
Tourist Attractions, Vacation, Cruise, Destinations, Travel, Cruise Critic, Ship, Multimedia, Inside Passage, Whale, Expedition, Galápagos Islands, News, Adventure, UnCruise Adventures, Prince

UnCruise Adventures is proud to show the strength of a family-owned, locally run business that provides services and experiences that mega ships can’t offer.

Key Points: 
  • UnCruise Adventures is proud to show the strength of a family-owned, locally run business that provides services and experiences that mega ships can’t offer.
  • These accolades also highlight UnCruise Adventures' commitment to excellence and reinforce its standing as a premier choice in Alaska tourism.
  • To celebrate, UnCruise Adventures is excited to share "Leap into Adventure Savings" for its 2024 cruise season.
  • And I have been in Alaska tourism for nearly 40 years!” shares UnCruise Adventures Owner and CEO Captain Dan Blanchard.

Hooters of America, LLC Selects PAR Technology to Redefine Excellence in Table Service

Retrieved on: 
Wednesday, February 21, 2024
Technology, Retail, Lodging, Destinations, Travel, Supply Chain Management, Restaurant, Bar, Software, Cruise, Supermarket, Specialty, Hardware, Data Management, Food, Beverage, PAR, POS, Sale, CIO, Partnership

As an existing customer of PAR’s leading loyalty solution, PAR Punchh® , Hooters sought to expand its existing tech stack with a proven partner.

Key Points: 
  • As an existing customer of PAR’s leading loyalty solution, PAR Punchh® , Hooters sought to expand its existing tech stack with a proven partner.
  • PAR Data Central’s Inventory Module offers Hooters a single source of truth for all its data to help elevate table service by improving inventory accuracy, reducing food waste and lowering food costs.
  • "The Hooters team has loved working with PAR because its technology matches our company vision and where we believe the restaurant industry is heading," said Jeff Caplan , CIO of Hooters.
  • Hooters showcases the adaptability of PAR's products for various restaurant formats, including enterprise-level establishments with a strong emphasis on table service.

OneSpaWorld Announces Fourth Quarter Fiscal 2023 Financial Results on February 28, 2024

Retrieved on: 
Wednesday, February 21, 2024
Food, Beverage, Women, Cosmetics, Other Health, Retail, Men, Luxury, Consumer, Fitness & Nutrition, General Health, Alternative Medicine, Health, Vacation, Cruise, Lodging, Specialty, Destinations, Travel, OSW, Webcast

The Company will conduct a conference call the same day at 10:00 am ET to discuss its quarterly results.

Key Points: 
  • The Company will conduct a conference call the same day at 10:00 am ET to discuss its quarterly results.
  • What: OneSpaWorld Fourth Quarter Fiscal 2023 financial results conference call.
  • Replay: An audio replay of the conference call can be accessed at (844) 512-2921 (international dialers (412) 317-6671), passcode 10186273.
  • The conference call replay will be available approximately two hours after the call and remain in effect for one week.

Travel + Leisure Co. Reports Fourth Quarter and Full-Year 2023 Results and Provides 2024 Outlook

Retrieved on: 
Wednesday, February 21, 2024
Publishing, Lodging, Destinations, Travel, Vacation, Communications, Cruise, Tourist Attractions, Member, Timeshare, Tax, Share repurchase, Growth, Disclosure, GAAP, Sports Illustrated, FD, Regulation Fair Disclosure, Webcast, Sport, Hand, EPS, VOI, Bank

Travel and Membership revenue decreased 3% to $158 million in the fourth quarter of 2023 compared to the same period in the prior year.

Key Points: 
  • Travel and Membership revenue decreased 3% to $158 million in the fourth quarter of 2023 compared to the same period in the prior year.
  • At the end of the fourth quarter, the Company had $1.3 billion of liquidity in cash and cash equivalents and revolving credit facility availability.
  • The Company amended the credit agreement governing its $1 billion revolving credit facility and term loan B facilities on December 20, 2023.
  • Travel + Leisure Co. will hold a conference call with investors to discuss the Company’s results and outlook today at 8:30 a.m.

Brenock Technology and Shoretime Announce Integration and Deal with Norwegian Cruise Line Holdings to Enhance Excursion Management

Retrieved on: 
Tuesday, February 20, 2024
Software, Travel, Consulting, Cruise, Professional Services, Technology, Maritime, Transport, Multimedia, Communication, Commercial, Norwegian Cruise Line Holdings, Software as a service, Automation, NCLH, Partnership, Tourism

Brenock Technology, LLC (Brenock), a leading provider of software applications and consulting services for marine, cruise and hospitality sectors, in collaboration with Shoretime LLC , a Software as a Service (SaaS) provider of Shoretime, an end-to-end shore excursion management solution for the cruise industry, today announced their official partnership and first contract with Norwegian Cruise Line Holdings (NCLH) .

Key Points: 
  • Brenock Technology, LLC (Brenock), a leading provider of software applications and consulting services for marine, cruise and hospitality sectors, in collaboration with Shoretime LLC , a Software as a Service (SaaS) provider of Shoretime, an end-to-end shore excursion management solution for the cruise industry, today announced their official partnership and first contract with Norwegian Cruise Line Holdings (NCLH) .
  • The platform will enhance excursion development and management for NCLH and its global tour operators.
  • "We are proud to launch Shoretime, a ground-breaking excursion management tool that reflects our dedication to leading through innovation and superior quality.
  • This platform transforms the tour management process, optimizing interactions with tour operators, content management, and revenue efficiency, all through state-of-the-art technology with a user-first approach.

American Express Global Business Travel to Report Fourth Quarter and Full-Year 2023 Financial Results on March 5, 2024

Retrieved on: 
Tuesday, February 20, 2024
Technology, Other Travel, Other Professional Services, Transportation, Lodging, Business, Destinations, Travel, Professional Services, Payments, Vacation, Software, Cruise, Fintech, Webcast

American Express Global Business Travel, which is operated by Global Business Travel Group, Inc. (NYSE: GBTG) (“Amex GBT” or the “Company”), a leading B2B software and services company for travel and expense, today announced that it will report fourth quarter and full-year 2023 financial results on March 5, 2024, before the market opens followed by a live audio webcast at 9:00 a.m.

Key Points: 
  • American Express Global Business Travel, which is operated by Global Business Travel Group, Inc. (NYSE: GBTG) (“Amex GBT” or the “Company”), a leading B2B software and services company for travel and expense, today announced that it will report fourth quarter and full-year 2023 financial results on March 5, 2024, before the market opens followed by a live audio webcast at 9:00 a.m.
  • Paul Abbott, Chief Executive Officer, and Karen Williams, Chief Financial Officer, will discuss Amex GBT’s financial performance and business outlook.
  • The webcast is expected to last approximately one hour and will be accessible by visiting the Investor Relations section of Amex GBT’s website at investors.amexglobalbusinesstravel.com .
  • A replay of the webcast will be available on the website for at least 90 days following the event.