Seatfrog has joined Amadeus Next, the leading community for travel tech startups in Asia Pacific, as it aims to transform the future of mobile airline ancillaries by allowing travellers to upgrade their seat in the 48-hour window prior to take-off, and right up until the time of departure.
Photo courtesy Seatfrog
The Amadeus Next partnership enables Seatfrog to benefit from Amadeus’ industry expertise, global customer base of more than 130 airlines, and access to Amadeus technology. Seatfrog is working closely with Amadeus Next to bring a new level of real-time data intelligence to market, to help Airlines set up and test rapidly, and begin to drive genuine commercial value immediately. This represents a significant innovation in mobile ancillaries and a step forward for airlines and travellers alike.
Seatfrog’s unique mobile platform is set to revolutionise mobile ancillaries, with a view to capturing a share of the US$130 billion airline ancillary industry. Built with a focus on data science and superior passenger experience, it allows travellers to transparently bid and pay for an upgrade in real time, and receive a new boarding pass directly to their mobile to scan at the gate in one smooth transaction. The benefits for airlines are…
Digital Revolution and Repression in Myanmar and Thailand
Activists have also proactively published social media content in multiple languages using the hashtags #WhatsHappeningInMyanmar and #WhatsHappeningInThailand to boost coverage of events on the ground.
How will oil prices shape the Covid-19 recovery in emerging markets?
– After falling significantly in 2020, oil prices have returned to pre-pandemic levels
– The rise has been driven by OPEC+ production cuts and an improving economic climate
– Higher prices are likely to support a rebound in oil-producing emerging markets
– Further virus outbreaks or increased production would pose challenges to price stability
A combination of continued production cuts and an increase in economic activity has prompted oil prices to return to pre-pandemic levels – a factor that will be crucial to the recovery of major oil-producing countries in the Middle East and Africa.
Brent crude prices rose above $60 a barrel in early February, the first time they had exceeded pre-Covid-19 values. They have since continued to rise, going above $66 a barrel on February 24.
The ongoing increase in oil prices, which have soared by 75% since November and around 26% since the beginning of the year, marks a dramatic change from last year.
Following the closure of many national borders and the implementation of travel-related restrictions to stop the spread of the virus, demand for oil slumped globally.
In the wake of the Saudi-Russia price war in early 2020, Brent crude prices fell from around $60 a barrel in February that year to two-decade lows of $20 a barrel in late April, as supply increased and demand plummeted. The value of WTI crude – the main benchmark for oil in the US – fell to record lows of around $40 a barrel last year on the back of a lack of storage space.
While global demand for oil remains low, one factor credited with reversing the trend is the decision to make significant cuts to oil production, which subsequently tightened global supplies.
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