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Raingain to construct AI-powered tech stack to enhance services for travel and hospitality clients

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Key Insights and Signals in Travel & Hospitality

Partnerships
IndiGo codeshares with Turkish Airlines to connect to Nordic cities
This partnership enhances travel options, providing greater connectivity for passengers flying between India and Nordic destinations. Read More>>
Airasia Ride partners with Resorts World Genting to provide seamless, affordable trips for travelers
This partnership aims to enhance travel options and affordability for individuals visiting Resorts World Genting. Read More>>


Deal
SkyWest offers new EAS contract to Western Nebraska Regional Airport
This partnership aims to strengthen connectivity, support economic development, and enhance air travel accessibility in the region. Read More>>


Center Setup and Expansion
Travelodge announces plans to expand in Bristol as it tops out new hotel
The move signals Travelodge’s commitment to meeting growing demand in the region. This strategic move aligns with Travelodge’s goal to provide affordable and convenient accommodation options for travelers. Read More>>
Hyatt to open new Thompson Hotels property in Seville, Spain
The luxury hotel will feature 101 rooms. This debut signifies Hyatt’s strategic efforts to enhance its presence in key global destinations and cater to discerning travelers. Read More>>
IHCL unveils a brand new European-style five-star resort in North Goa
This expansion marks IHCL’s commitment to providing world-class hospitality experiences in the vibrant tourist destination. Read More>>


Executive Movements
Experience Co Limited announces Chief Financial Officer Changes as Own Kemp resigns
Gavin Yates, with 20+ years in financial services, resources, and energy, will work as Acting CFO. He has worked alongside Kemp since joining in October 2022. The company is actively seeking a replacement for the CFO position. Read More>>
Volato announces appointment of Mark Heinen as Chief Financial Officer
With 25+ years of finance expertise, including leading Better Therapeutics’ transition to NASDAQ, Heinen will guide Volato’s financial strategy amid growth and potential IPO. Read More>>


Mass Hiring
20+ new tech jobs to keep Greggs’s digital transformation cooking
Greggs the renowned bakery chain, announces the creation of 20 new tech jobs as part of its ongoing digital transformation. This initiative positions Greggs at the forefront of technological innovation in the hospitality sector. Read More>>

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Latest Industry Insights from Draup Braindesk

Medical Technology Solutions Enhancements

  • Hyatt focuses on wellness and health that offers wellness and spa experiences that aim to cater to guests’ well-being needs and trends in wellness travel, and enhances the dining experiences for the hospitality industry to innovate in the food and beverage offerings. 
  • Hyatt intends to expand the Regency brand to allow guests the option to attend a live conference in a hybrid manner and provide premium luxury encounters with an emphasis on thoughtfully curated tasting menus fusing contemporary culinary techniques with the finest ingredients and vibrant local flavors. 
  • Hyatt aims to provide personalized experiences for guests by collecting data and leveraging technology to meet individual guest preferences and uses various communication channels such as email, social media, and in-person interactions to engage with guests. 
  • Hyatt intends to invest in digital platforms to engage with customers including mobile apps to enable guests to make reservations, check-in, check out, and access information about hotel amenities and services.

Key Funding Alert

RateGain raises USD 72 Mn for Investments and Acquisitions
The company aims to construct an AI-powered integrated tech stack to enhance services for its travel and hospitality clients. With 9.3 million shares allotted at Rs. 643 ($7.71) per share, RateGain plans to address the evolving tech landscape delivering advanced AI solutions for optimized revenue in the travel industry. Read More>>

Latest Reports Published in Draup

Haidilao Account Intelligence Report
Haidilao aims to use automation and robotic arms for food prep and delivery, boosting efficiency and convenience while cutting down on labor needs. Read More>>

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