Travel Insurance

Planning for international travel growth in 2022

By magenet 2 months ago

There’s a lot going on in the world right now. 

Uncertainty and unrest is not only palpable now due to Covid, but also due to the unsettling situation continuing to unfold in the Ukraine.

Recent data from the World Tourism Organization (UNWTO) show that global international arrivals in January 2022 increased by 130% compared to the same period last year, meaning that during the first month of 2022, the global market registered 18 million more visitors – however figures still remain 67% below the pre-pandemic levels.

“The war in Ukraine poses new challenges to the global economic environment and risks hampering the return of confidence in global travel. The US and the Asian source markets, which have started to open up, could be particularly impacted especially regarding travel to Europe, as these markets are historically more risk averse,” UNWTO.

It’s impossible not to consider these global issues while thinking about

… Read More

Ovolo promotes Dave Baswal to CEO as Founder Girish Jhunjhnuwala focuses on global growth

By magenet 2 months ago

Ovolo Hotels Founder and Executive Chairman Girish Jhunjhnuwala is stepping back from the position of Chief Executive Officer to focus more on the branding, development, and strategic growth of the business, the boutique hotel company announced on Thursday morning.

Ovolo’s Managing Director ANZ, Dave Baswal, has been promoted to lead the business as CEO.  

Baswal has 20 years’ experience in hospitality, finance and real estate management, and has played a significant role in the company’s growth during the pandemic.

“Dave Baswal personifies the very best of Ovolo – someone with the passion to constantly improve the guest experience; the creativity to innovate new services; and the business acumen to deliver strong performance,” said Jhunjhnuwala.

“Most importantly, he shares the same people-centric ethos that is at the very heart of Ovolo, delivering happiness to our guests, our teams, and our stakeholders.”

Baswal is a National Board Advisory Member of Tourism Accommodation

… Read More

Roamly Launches Nationwide Pet Insurance Product

By magenet 2 months ago

Expanded product suite with Pet insurance from Roamly is now available to American pet owners, offering protection for their four-legged friends at home and on the road

AUSTIN, Texas, March 23, 2022 /PRNewswire/ — Today, Roamly, the first embedded insurtech for travel enthusiasts with unique RV insurance offerings, announced it is marking new territory with the launch of its pet insurance product. Roamly will market pet insurance to all U.S. pet owners, including customers of Outdoorsy, the most-trusted online recreational vehicle rental and outdoor travel marketplace.

“Our new Pet Insurance product helps travelers enjoy peace of mind when bringing their pets along for the ride.” 

“Since Outdoorsy’s inception in 2014, we’ve noticed a glaring disparity in the amount of Outdoorsy guests opting to hit the road with their pets and the percentage of those pets who are covered by insurance,” says Roamly’s Chief Insurance Officer Aaron Ammar

… Read More

Barbell Distribution of Hotel Properties May Be the Future

By magenet 2 months ago

We’re all always asking to some degree where the hotel industry is going. At the ownership level, it’s a matter of timing in terms of whether or not to buy, sell, renovate, expand or reflag.

Right now, we are all asking when the full post-pandemic recovery will properly get underway so that we have a good flow of topline revenues to then address some of these downstream questions. When is the best time to start a major financial project? How has the pandemic propelled certain trends to guide future investments? Where is there money to be made?

These were just some of the questions that I posed to Michelle Russo, CEO and Founder of HotelAVE, an asset management company that is grappling with the current state of our industry. What we concluded is that hospitality is increasingly moving towards a barbell distribution, with luxury and economy segmentation, and not

… Read More