Tag: Platform

Moody’s Analytics Enhances Core CRE Platform With Hotel Data and Analytics


Moody’s Analytics has enhanced its core commercial real estate (CRE) solution, the Moody’s Analytics REIS® platform, with data and analytics on hotel properties, bringing customers robust insight as that sector faces a tough test amid headwinds from COVID-19. Ongoing travel restrictions, consumer caution, and economic uncertainty cut output in the leisure and business travel sector by 47% in the second quarter of 2020 compared to last year, according to the Bureau of Economic Analysis.

Moody’s Analytics expects that hotels will benefit from a release in pent-up demand for vacations once an effective coronavirus vaccine is widely distributed and adopted, but business travel is unlikely to return to prior levels unless corporate travel budgets recover from the downturn. Hotel occupancy will likely lag the US economic recovery. Although the hotel occupancy rate climbed from 38% in the second quarter of 2020 to 43% in the third quarter, Moody’s Analytics does not expect it to exceed peak 2019 levels until 2026.

“The addition of hotel data is an important complement to our existing datasets and comes at a crucial time to support CRE market participants focused on the hospitality sector,” said Cristina Pieretti, Managing Director of CRE Solutions at Moody’s Analytics. “We are committed to evolving our CRE solutions with the most relevant data and tools from across the Moody’s organization, and from third parties, to help inform customers’ lending and investment decisions.”

Customers of the Moody’s Analytics REIS platform can now perform in-depth analysis of seasonal patterns and volatility in the hotel sector with access to data on 34,000 US hotels from the Kalibri Labs hotels database, as well as more than 20 years of relevant historical commercial mortgage-backed securities data from Moody’s Analytics. Macroeconomic forecast variables from the award-winning Moody’s Analytics economics team underpin six years of forecasts for key metrics such as revenue per available room, occupancy rates, and room rates provided by a dedicated CRE economics team.

“We are proud to offer more CRE market participants access to our database through this collaboration with Moody’s Analytics,” said Cindy Estis Green, CEO of Kalibri Labs. “Now more than ever, hotel owners, operators, and investors need advanced metrics and next-generation benchmarking that enable more effective commercial strategies.”

The REIS platform is a cornerstone of the growing suite of Moody’s Analytics technology-enabled CRE solutions for commercial lenders, real estate investors, brokers, and developers. Moody’s Analytics CRE solutions harness expansive data and analytical expertise from across the Moody’s organization to deliver integrated analysis of new and traditional metrics for better decision-making as the CRE marketplace evolves.

About Moody’s Analytics

Moody’s Analytics provides financial intelligence and analytical tools to help business leaders make better, faster decisions. Our deep risk expertise, expansive information resources, and innovative application of technology help our clients confidently navigate an evolving marketplace. We are known for our industry-leading and award-winning solutions, made up of research, data, software, and professional services, assembled to deliver a seamless customer experience. We create confidence in thousands of organizations

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Patriot One’s AI-powered PATSCAN Platform deployed at the Plaza Hotel & Casino in Downtown Las Vegas

TORONTO, Nov. 16, 2020 (GLOBE NEWSWIRE) — Patriot One Technologies Inc. (TSX: PAT) (OTCQX: PTOTF) (FRANKFURT: 0PL) (“Patriot One” or the “Company”) maker of the PATSCAN Multi-Sensor Threat Detection Platform, announces the deployment of its Platform at the Plaza Hotel & Casino.

The Plaza Hotel & Casino will begin its Phase 1 deployment of the PATSCAN Platform, offering increased security and safety for resort guests, staff and partners. In addition to the PATSCAN VRS component of the Platform for the detection of visible and invisible threats, such as weapons, disturbances, elevated body temperature identification and facial mask detection, the Plaza will also deploy Patriot One’s new PATSCAN Multi-Sensor Gateway for concealed weapon detection.

“We’re excited to bring this new innovative, AI-driven threat detection technology to the Plaza,” said Jay Franken, general manager of the Plaza Hotel & Casino. “Popular for a classic Vegas experience and conveniently located at the top of the Fremont Street Experience, the Plaza Hotel & Casino typically welcomes thousands of guests a day. So, we are pleased to be the first in the downtown area to implement new physical and health security solutions to better protect our guests and staff.”

“We’re excited to be working with the Plaza Resort & Casino in downtown Las Vegas,” shared Dietmar Wennemer, President and COO for Patriot One. “Our business development team has been working with a number of Las Vegas resorts and casinos since setting up operations in the city back in December 2017. With the commercialization of our PATSCAN Platform early this summer, and the re-opening of the resorts and casinos, we’re seeing an increase in interest for our solutions, including our elevated body temperature solution, which can assist in identifying potential viral threats. The Plaza has moved quickly, and we’ll begin deploying this quarter for the upcoming holiday season, including the Plaza’s New Year’s Eve fireworks celebration.”

In addition, the Company has plans to undertake a corporate awareness campaign to raise its profile in the U.S. domestic investment community, and has engaged Winning Media, LLC (“Winning Media”) to provide Patriot One with a breadth of targeted digital media and corporate brand recognition initiatives. Winning Media is a Houston, Texas – based marketing agency that specializes in digital and corporate brand marketing services to enhance corporate visibility and retail investor awareness. The agency will handle specific functions of digital distribution of public information relating to the Company. Winning Media and its principals do not have any direct or indirect equity interest in the Company and will not receive any securities of the Company as compensation for their services.

About Patriot One Technologies
Patriot One’s mission is to deliver innovative threat detection and counter-terrorism solutions for safer communities. Our PATSCAN™ Multi-Sensor Covert Threat Detection Platform provides a network of advanced sensor technologies with powerful next generation AI/machine learning software. The network can be covertly deployed from far perimeter to interiors across multiple weapons-restricted facilities. The PATSCAN™ platform identifies and reports threats wherever required: car park, building approach, employee &

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Internova Travel Group Adopts Health Security Verification Platform

NEW YORK, Nov. 2, 2020 /PRNewswire/ — In its continued global initiative to ensure consumers can travel with confidence and stay in a safe environment, Internova Travel Group has selected digital health company Sharecare and Forbes Travel Guide as health security verification partners to validate the procedures and protocols at more than 50,000 hotels booked through its systems.  The dynamic solution will help the travel industry align on a common approach, consistent protocols, and an established system of health security, say company executives.

Sharecare Health Security verification with Forbes Travel Guide gives Internova Travel Group's travel clients an added layer of confidence that the hotels where they stay are committed to health security at a time when they absolutely need it.

“Our goal is to ensure our travelers can book with confidence,” said Internova Travel Group CEO J.D. O’Hara.

“This verification process will allow us to evaluate the quality of the vast myriad of health policies and solutions that exist at hotels throughout the world, as well as highlight those who meet best-in-class standards,” said J.D. O’Hara, CEO of Internova Travel Group, one of the largest travel services companies in the world. “The services provided by Sharecare will be an important way to dynamically amplify the existing health safety protocols in place at hotels, as well as give travelers a recognizable certification that assures them that a hotel or resort is health security verified.”

“The pandemic has made it clear that in order for the hospitality industry to scale for our new normal, hotels and resorts must, first and foremost, assure employees and guests of their safety,” said Filip Boyen, CEO of Forbes Travel Guide, the global authority on genuine Five-Star service. “Sharecare Health Security verification with Forbes Travel Guide gives guests, travel planners, and hotel staff an added layer of confidence that the places away from home where they choose to work, play, and stay are committed to health security at a time when they absolutely need it.”

Developed in response to the catastrophic impact COVID-19 has had on the hospitality industry, Sharecare’s health security solution enables hotels to amplify existing safety protocols and comply with expert-validated best practices to minimize the risk and impact of acute public health events. This partnership is one of several initiatives Internova Travel Group has undertaken to promote safer travel. Last month, O’Hara and Internova executives piloted a digital health pass called CommonPass aimed at replacing quarantine with COVID-19 testing. The company’s Travel Leaders Group division launched a program called “Book with Confidence,” which provides participating travel advisors with a library of health and safety related resources to assist travelers.

“Our goal is to ensure our travelers can book with confidence, fly with confidence and stay with confidence,” said O’Hara. “The more consistent information our advisors can provide to travelers, the more prepared and comfortable they will be in restarting their travels.”

The health security solution from Atlanta-based industry-leader Sharecare, is a complement to its flagship data-driven, virtual health platform that includes a comprehensive COVID-19 readiness solution, [email protected]

“We are committed to empowering the hospitality industry to address the evolving emotional, educational, clinical, and operational challenges introduced by the pandemic by creating a culture of accountability that

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How Travel Platform Klook Boosted Staycation Experiences With Livestream Shopping

The pandemic has limited travel restrictions globally, putting many travel-related businesses out of work, dampening Hong Kong’s tourism-strong city with a 99% downfall in international visits. Klook, a SoftBank and Sequoia-backed unicorn travel and leisure booking platform took a hard hit being fully dependent on the travel industry. With over 30 million monthly users a month originating from APAC seeking for cross-border travel solutions, Klook curates travel experiences and offers the ease of experience for its consumers.

The situation prompted Klook to think outside of the box and jump onto the livestreaming bandwagon, a solution that many businesses – especially retailers – have turned towards to, but was more significant for the online travel-based platform. Debuting ‘Klook Live!’, the platform forges new cross-industry partnerships by hiring on popular local influencers to host livestreams with merchant partners. The aim was to create meaningful and relevant content by providing useful tips and storytelling to their consumers awaiting to travel. Livestreaming commerce took off in Asia with a user uptick led by the pandemic, and the world followed suit. 

The Pivot

Since launching Klook Live!, the platform piloted a series of livestreaming content featuring offerings from food and dining to hotel staycation packages, seeing average uplift in conversion rates grow fourfold – such as the case in Hong Kong, receiving over 15,000 views with over 300,000 interactions, and a change in consumer segment. “The younger millennials are still our bread and butter, those who are actually keener to like new forms of engagement,” says Eric Gnock Fah, COO and co-founder of Klook. COVID has not only prompted businesses to undergo a transformation, but the platform also saw the rapid adoption of technology by older consumers whom still craved for a one-to-one interaction which was found through the interactive nature of livestreaming. “Our approach is hyper-localized and it boils down to what fits our markets best. The great thing about this is that we have an innate understanding of our partners’ needs, as well as what makes our audience tick”, asserted Gnock Fah.

Reinvigorating Retail

In launching its livestream, Klook took on a new position as the mediator to bring on board traditional merchants that were not as flexible moving online into the digital realm. Such as the case for Japanese kitchenware brand Bruno – famous for their compact hotplates that had a boost in popularity over the recent months as Hong Kongers took on a new habit of cooking during quarantine. Its exquisite and retro ceramic design captured the Hong Kong young female segment for its dainty appearance, thus selling over 10,000 units on average per year. “Some of the brands that we’ve worked with, like Bruno, are very traditional and are focused on their own product – which is what they really should be doing – but

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Sabre Launching AI Travel Platform Developed With Google

The first travel industry technology platform powered by artificial intelligence (AI) is being rolled out by Sabre (NASDAQ:SABR), the company said in a press release on Thursday.

Sabre’s partner in the venture to build the system, called Sabre Travel AI, is Alphabet‘s (NASDAQ:GOOG)(NASDAQ:GOOGL) Google. The latter company is bringing its AI and machine-learning solutions to the platform, in addition to providing the cloud computing services that will support it. 

A plane taking off at dusk.

Image source: Getty Images.

Sabre says that Sabre Travel AI “will help customers to deliver highly relevant and personalized content more quickly, deliver personalized content that better meets the demands of today’s traveler, and create expanded revenue and margin growth opportunities.”

The company added that it is busy integrating the new platform into some products in its current portfolio, although it did not specify which ones. Sabre also didn’t provide any financial details of its arrangement with Alphabet/Google, or how much capital it was expending on the Sabre Travel AI project.

The system is the result of a fairly recent collaboration; Sabre and Google began to team up only in January, indicating a relatively quick development process.

The announcement comes at a challenging time for the travel industry, many aspects of which have been devastated by the coronavirus pandemic. The development and implementation of the new technology will help give it an advantage when the sector begins to recover.

Long thirsty for hope, travel stock investors got excited about Sabre’s news. On Thursday, they bid the company’s shares up by nearly 17%, trouncing the gains of the wider stock market.

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Vacation Innovations Acquires Travel Technology Platform and Private Client Pioneer Holiday Systems International

HSI was founded in 1993 by Craig Morganson and has earned its reputation as a leading developer of award-winning, travel-related technology and membership-based discount programs, producing some of the most sophisticated software and user interfaces in the travel industry for enterprise and direct-to-consumer use, including loyalty systems, booking engines, membership systems, employee benefit programs, travel agency booking platforms, corporate travel systems, travel gift cards and more.

“I’m incredibly proud of all HSI has accomplished but also realize the brand is capable of much more with the right partner,” said Morganson. “I have been presented with numerous opportunities over the years, but Vacation Innovations is the right company at the right time. Their expertise in sales and marketing, diverse suite of products and services, and commitment to adding value across its brands make this the right fit. I’m confident that Vacation Innovations will grow HSI with passion.”

The Company’s acquisition of HSI is expected to continue the brand’s forward momentum, further expanding Vacation Innovations’ product offerings and market share by adding 12 brands to the VI portfolio, along with an impressive suite of established travel products and new products in development. To help fuel this growth, Vacation Innovations has already increased the HSI workforce by nearly 20 percent since acquiring the brand in early July and is continuing to hire for new roles.

“We’re thrilled to add HSI to our family of brands,” said Chad Newbold, CEO of Vacation Innovations. “Our goal is to expand upon their previous success by refining existing products and bringing new services and features to market. HSI has a history of developing best-in-class software for the travel industry that’s a step above the competition, and we are prepared and excited to use our resources and scale to maximize the value of the HSI platform and accelerate our collective growth.”

This acquisition will further increase VI’s service of the timeshare market, as well as the broader travel market. HSI’s wide range of products and services will help Vacation Innovations to serve developers more effectively by offering lead generation and customizable technology solutions, while also driving additional tours. Combining HSI’s one-click checkout with the significant traffic—nearly 5 million visits annually—generated across Vacation Innovations’ strategic web presence will help immediately position the Company as a leader in resort rental.

Bryan Rand, President of Vacation Innovations, commented, “HSI is a critical addition to the Vacation Innovations family of brands. This acquisition helps position us to deliver even more value to consumers and our developer and resort partners. We are actively hiring additional talent to add the depth we need to deliver exceptional new products, are hard at work adding new features to HSI’s existing systems and programs, and will have several exciting announcements this fall as we roll out these enhancements. Working with our investment partner, Tritium Partners, we are aggressively evaluating additional M&A and joint venture opportunities that will allow VI to leverage its leadership position in the secondary vacation ownership market across the broader travel market.”

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