Amadeus

New technology allows individuals and organizations to become carbon intelligent

Carbon Management Software

Norway-based CHOOOSE offers carbon offsetting solutions for both individuals and businesses in the travel industry.MY CHOOOSE is a subscription-based platform that allows individual users to instantly offset their personal carbon footprint with Climate Positive, Climate Champion, and Climate Hero subscriptions which allows users to offset 1x, 2x, and 4x, respectively, of the average carbon footprint of an individual—around 5,000 kg (11,000 lbs) per year.WE CHOOOSE is a SaaS-based solution that allows businesses to integrate CHOOOSE application programming interfaces (APIs) with their existing digital platforms to offer customers the option of offsetting the carbon footprint of a particular transaction at the checkout point by paying extra.Key customers and partnershipsCHOOOSE lists Santander, Heathrow Airport, Bidroom, Sky Scanner, SkyNRG, Lonely Planet, <a href="https://sp-edge.com/updates/9924">Avianca </a>, Air Canada, <a href="https://sp-edge.com/updates/13990">Booking.com, Iberia </a>, <a href="https://sp-edge.com/updates/16692">JetBlue </a>and <a href="https://sp-edge.com/updates/21309">Pegasus Airlines </a>as some of its top business customers. In October 2023, the company partnered with <a href="https://sp-edge.com/updates/22819">Rubicon Carbon </a>to combine CHOOOSE’s SaaS platform with Rubicon Carbon’s portfolio of carbon solutions. In November 2023, CHOOOSE partnered with <a href="https://sp-edge.com/updates/23764">Flexport </a>to reduce the carbon emissions in air cargo through the purchase of sustainable aviation fuel (SAF). Following that, the company collaborated with <a href="https://sp-edge.com/updates/24159">Alaska Airlines </a>to reduce travel-related carbon emissions by enabling the latter's customers to purchase carbon offsets. In January 2024, CHOOOSE partnered with <a href="https://www.chooose.today/insights/chooose-partners-with-bp-to-expand-lower-carbon-product-offering">bp </a>, to expand its carbon product offering and extend its platform to other hard-to-abate sectors, including freight forwarding and shipping. As part of the partnership, bp also plans to make a strategic investment in CHOOOSE.Funding and FinancialsCHOOOSE’s most recent funding was in January 2023, when it raised EUR 13.8 million (USD 15 million) in a <a href="https://sp-edge.com/updates/15696">Series A funding </a>round co-led by GenZero and SOUNDWaves. Previously, in February 2022, the company raised USD 3 million in a venture round. In July 2021, the company raised USD 4 million in a seed funding round led by Shell Ventures.

Travel Tech

FLYR offers AI-backed revenue management solutions for airlines, cargo, and hospitality businesses. The company leverages deep learning to develop revenue management systems for airlines, offering features such as dynamic pricing, inventory optimization, and forecasting. FLYR creates a middleware translation layer, allowing enterprises to retain legacy backend systems while upgrading customer-facing channels. Additionally, the company provides an end-to-end offer and order platform that streamlines the creation, distribution, and management of customized offers.The company noted that its annualized revenue nearly tripled for the 12 months leading up to August 2024. FLYR’s most recent M&amp;A activities took place in September 2022, where the company acquired 1) Pribas to enhance its customer airline retailing capabilities and 2) Pace Revenue to extend its revenue management solutions to hotel and alternative lodging providers. Older acquisitions include Newshore (July 2022) to improve its offering in direct distribution and retailing capabilities and FareDirect and xCheck (September 2021) to strengthen its ancillary revenue solution offerings to airlines.Key customers and partnershipsIts notable customers include JetBlue Airways, Virgin Atlantic, Azul, and Best Western Hotels and Resorts.

Chooose builds software to enable the lower carbon fuel value chain.

Eccocar is a car-sharing platform for Rent-a-Cars, Dealers and Fleet Managers. It was established to accelerate through efficiency, the world’s transition towards sustainable mobility. The platform addresses the digitalization of corporate fleets and merges car sharing and fleet management under a single-vehicle brand agnostic platform that allows fleet managers to control how the fleet is used and make better decisions on future ways of sharing and using the fleet within their daily operations. The company was founded in 2015 and is headquartered in Madrid, Spain.

Busbud is a mobile app and platform that connects passengers to bus operators. It enables its users to search, compare, and book city-to-city bus tickets for any location and from any location. It is a comprehensive source of city-to-city bus schedules and tickets around the world, gathering schedules for over 10463 cities in 89 countries, in 10 languages, and 15 currencies. The app offers a search tool allowing travelers to discover and plan their next bus trip. Busbud was founded by Michael Gradek, LP Maurice, and Frederic Thouin in October 2011. It is headquartered in Montreal City in Québec, Canada.

Volantio Inc. is a software as a services company focused on helping airlines maximize unit revenues and decrease costs through greater capacity utilization, while providing customers with better predictability and control over their travel journey. Our web-based platform enables airlines to dynamically re-accommodate passengers in a number of situations - increasing yield, reducing operational costs, increasing NPS and injecting control and predictability back into the travel journey. Volantio's headquarters are located in Atlanta, GA with team members in the Netherlands and Australia. We work with some of the largest airlines in the world including Qantas, Alaska Airline, Iberia, and more.

Outfield is revolutionising the global fruit sector. Outfield is a precision orchard management system that provides growers with fruit counts and year round variability maps. By providing key insights on orchard performance, we help growers become more efficient, more profitable, and more environmentally friendly.  Yield estimates are crucial for all aspects of fruit growing, from maximising orchard production to agreeing sales contracts. Growers estimate yields manually based on around 0.5% of their trees. The unreliable and limited data they collect leads to 20% average errors in estimated yield per orchard. This reduces output, efficiency and profit while increasing environmental damage. Outfield growers have less than 10% error in their yield estimates. Our growers use inexpensive off-the-shelf drones, loaded with flight plans from Outfield. At the touch of a button, they make a 30-minute automated drone flight covering thousands of trees. The images are sent to Outfield’s cloud based platform and processed using bespoke image recognition algorithms. Maps and insights are returned to growers within 24hrs. This strategy allows Outfield to deploy a scalable SAAS model. Our fruit-level data platform has been developed and trialled with apple and pear growers on 3 continents, and our MVP is being used right now by paying beta-test growers in the UK, New Zealand, and South Africa. Growers have praised the unparalleled flexibility, speed and ease of drone data acquisition. We are now looking for investment to drive our growth and to scale our product to meet the growing demand. Our team is ready to build and expand international presence, to broaden our service offering with new product features, and to move into new market segments in other fruit crops.  We are entering the 4th agricultural revolution and Outfield is perfectly positioned at the convergence of machine learning, cloud computing, agritech and drone technologies. Join Outfield in reducing fruit waste, unlocking orchards value, and driving the future of fruit farming.

Airside Mobile builds innovative digital identity products for businesses and consumers with privacy-by-design and leading-edge security as its guiding principles. Airside's digital identification platform saves time and protects privacy by leveraging technology trusted by the US government and the world's largest airline, as well as millions of customers. Users can utilize Airside's technology to authenticate their identification once and then securely control their ID for the rest of their journey. Reusability strengthens digital ID, increasing trust between users and their favorite places.

Tax-free shopping is easy and stress-free with the fully digitalized Refundit mobile App that cuts through the red tape for tourists and helps you skip the lines, including the ones at the airport. With Refudit’s simple and easy-to-use App, tourists can get their refund online and in no time. Tax authorities can enjoy their advanced management pan European platform – VATWISE – which enables big data analytics, better fraud prevention capabilities, and much more. Refundit’s mobile solution allows travelers to reclaim VAT refunds digitally and avoid tedious paperwork and queues at the airport. More than 50 countries allow tourists to get VAT refunds for purchases of products they take with them when they leave. In Europe, VAT on clothing, electronics, toys, etc. range between 17% to 27%. Still, close to 90% of the refund entitled to non-EU residents visiting the EU does not reach its destination due to the complicated process. Refundit simplifies tax-free shopping. With Refundit, the tourist’s claim is sent off before they reach the airport. And, they can get their refunds from purchases in all stores, including small and medium-size local stores. Refundit also sets a new standard with the lowest and most transparent fees: their handling fee is only 9% as compared to traditional companies, which charge 30%-60% of the refund. Refundit was founded in 2017 and is headquartered in Tel-Aviv, Israel.

Dawex, the leading data exchange technology company and the operator of the largest data marketplace, allows organizations to orchestrate data circulation by sourcing and exchanging data securely, in full compliance with regulations. Today 12,000+ organizations from 20+ sectors rely on Dawex Global Data Marketplace and Data Exchange Platform solutions to build their data exchange strategy. In 2020, Dawex is named Technology Pioneer by the World Economic Forum. Created in 2015, Dawex is a French company with offices in Paris, Lyon and Montreal, expanding business operations to Asia and the Middle East. More information on: www.dawex.com

BookingPal provides a global distribution system and a centralized booking platform for vacation rental properties. It allows owners and managers of vacation rental properties, timeshare resorts, campgrounds, and RV parks worldwide to increase their online presence and number of bookings.  BookingPal offers Vacation Rental Managers and Property Owners superior revenue opportunities by utilizing proprietary products to optimize distribution capabilities including myOptimize which calculates listing quality and provides key feedback to achieve optimal channel placement and conversion and myInquiry which provides a qualified team of reservation agents to handle guest reservation communications. It was founded in 2013 and is headquartered in Irvine, California.

Situm provides an indoor-outdoor positioning and navigation system that allows users to locate themselves inside buildings and large infrastructures and provides valuable geostatistic information to managers and building owners, allowing them to know how their visitors use the space, the busiest areas and more. Situm’s technology also allows clients to locate elements other than users, such as vehicles inside industrial environments, allowing managers to know the performance and the use of the vehicles.

AVUXI is a provider of real estate services that allows to programmatically organize hotels and rentals in locations.

Betterez offers flexible, scalable cloud based enterprise software solutions in the Reservations and Ticketing Management (RTM) space. We understand that for our customers, reservations and ticketing systems are mission critical. As such the Betterez platform is built with the latest technologies, enterprise grade level security, and proprietary automation. Betterez provides an always on, always current service trusted by our customers around the globe.  Customers choose Betterez because we reinvent the way travel and admissions operators manage their reservations and ticketing needs. Our cost effective solutions enable businesses of all sizes to leverage an omni-channel sales and marketing environment. We offer a range of services, support and customer success resources to help our customers get the most from their Betterez deployments, including education, training, and partner integration certification programs.  By launching the world’s most flexible single integrated RTM platform, we are leveraging reusable technical components to enable innovation for global enterprises. If your operation is in the airline, car rental, bus, rail, ferry, shuttle, event, box office, or admissions space, we offer solutions to enhance and grow your business.

FLYR is a technology company that offers AI-enabled solutions that help airlines, cargo, and hospitality businesses improve their revenue performance. Its revenue management platform improves performance and modernizes the e-commerce experience through accurate forecasting, automation, and analytics.

Bluesmart develops Internet connected travel products that include physical products combined with software. It offers Bluesmart app, a solution that allows users to control suitcases from their phones, receive smart alerts, and track their travel data to get insights about travel habits.  Bluesmart also provides digital lock solutions for luggage and its contents; battery charging and location tracking solutions; and distance alerts and trip data. Alejo Verlini, Brian Chen, Diego Saez-Gil, Martin Diz, and Tomi Pierucci founded it on Novermber 5, 2013, with its headquarters in Mountain View in California.

Yapta is a travel Website and browser add-on that lets you track flight prices as they change and alerts you when the price for a particular flight drops. It also helps you get a refund or credit from airlines with guaranteed low-price policies. The company also provides real-time price tracking of airfares and hotel rates across the globe via FareIQ and RoomIQ. Yapta was founded in 2007 and is headquartered in Seattle, Washington, United States.

Amadeus is a transaction processor for the global travel and tourism industry, providing transaction processing power and technology solutions to both travel providers (including full service carriers and low-cost airlines, hotels, rail operators, cruise and ferry operators, car rental companies and tour operators) and travel agencies (both online and offline). The company acts both as a worldwide network connecting travel providers and travel agencies through a highly effective processing platform for the distribution of travel products and services (through our Distribution business), and as a provider of a comprehensive portfolio of IT solutions which automate certain mission-critical business processes, such as reservations, inventory management and operations for travel providers (through our IT solutions business).

<div> Amadeus IT Group S.A. (BME: AMS) is a leading global travel technology company headquartered in Madrid, Spain. The company provides software solutions to the travel and tourism industry, serving airlines, travel agencies, hotels, tour operators, airports, and other segments. Amadeus offers a wide range of products and services, including: <ul> <li> Global distribution system (GDS) for travel bookings </li> <li> Airline IT solutions like passenger service systems </li> <li> Hotel IT and distribution solutions </li> <li> Airport IT and operations solutions </li> <li> Travel agency and online booking tools </li> <li> Payments and expense management solutions </li> </ul> The company's Amadeus Travel Platform integrates content from multiple sources, including NDC, EDIFACT and low-cost carriers, to provide comprehensive travel offerings. Amadeus also invests heavily in new technologies like artificial intelligence, cloud computing, and mobile solutions to enhance the travel experience. As of January 2024, Amadeus reported strong growth in air travel capacity and hotel bookings across the Americas region, with air capacity up 20% year-over-year for the first four months of 2024. The company has expanded its partnerships, including a renewed agreement with UK travel agency Travel Up and collaboration with Indian fintech company Paytm to enhance travel bookings. Amadeus has also joined the Sustainable Hospitality Alliance as part of its commitment to promoting responsible travel and sustainability in the industry. </div>

New Amadeus U.S. Study Reveals Technology Is Key to Making Experience of Travel Better

Platforms to search, compare, plan, and/or book flights, hotels, buses, trains and travel packages.

Platforms to search, compare, plan, and book alternative lodging in privately owned properties, including apartments and homes

Platforms to search, compare, plan, and book tours, events, and other travel-related recreational activities

Providers of corporate travel management solutions that help businesses with planning, controlling, tracking, and reporting on business travel activities, as well as distribution solutions and B2B booking engines

Car rental and ride-sharing solutions for long-distance travel

Providers of battery-powered luggage products equipped with technologies such as USB charging, built-in scales, TSA-approved locks, and real-time location tracking via GPS and cellular networks

Providers of technology-enabled solutions to enhance the guest experience, such as contactless and automated check-in services.

Providers of technology-based solutions for accommodation providers, tour/experience operators to optimize revenue and operations.

INCUMBENTS_PRESENT

<div>
 Amadeus, a leading global distribution system (GDS) provider, has acquired Voxel, a B2B payments solution provider for the travel sector. While the acquisition price remains undisclosed, Amadeus plans to integrate Voxel's eInvoicing and B2B payments tools into its own services. The goal is to enhance the automation of key business travel operations, including reservations, payments, and expense management. Moreover, this acquisition will extend the range of payment methods available to travel sellers.
 Voxel is a renowned company based in Barcelona that focuses on eInvoicing and B2B electronic payments. With over two decades of experience in designing technology solutions for the travel industry, Voxel aids clients by digitizing their billing processes. Voxel's flagship product, the Bavel Platform, supports complete electronic payment processes and serves more than 50,000 hotels across over 100 countries. The Bavel Platform includes services such as Bavel Pay, Bavel Billing, and Bavel Procurement.
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