Stockpile4u
1 year ago
The travel industry has advanced significantly, and Mondee, a company recognized for its AI travel assistant, has gained traction. "Ahbi," the artificial intelligence, delivers travel chat recommendations, hotels, scenery, events, and restaurants for certain destinations. Customers can also purchase everything in one cart, saving time on phone appointments. This creative application of AI makes daily life easier, which is a beneficial development for the tourism sector.
HokieHead
2 years ago
This will push Q2 figures even higher.
Mondee Partners With EBG on Travel and Entertainment Technology Platforms and Subscription Based Marketplaces
- Transformational partnership giving Mondee access to EBG’s network combined reach of over 100 million members and users, bringing Mondee’s total member access to over 125 million -
- Strategic partnership to provide reciprocal access to travel technology, complementary distribution networks and expanded travel and entertainment offerings -
SAN MATEO, Calif.--(BUSINESS WIRE)-- Mondee Holdings II, Inc. (“Mondee”), the fast-growth, travel technology company and marketplace, with a portfolio of globally recognized platforms and brands in the leisure, retail and corporate travel sectors, today announced that it has signed a strategic partnership with EBG to exchange access to technology, customer networks and a broad array of travel options, attractions and events.
EBG is a leading e-commerce solutions provider and a market leader in merchandising thousands of attractions and activities, live events, hotel rooms, flights, vacation packages as well as other brands and services, through private employer and membership-based programs and other direct distribution channels. EBG sells millions of admission tickets annually and has a combined reach of over 100 million members and users from more than 40,000 participating companies including Fortune 500 and Fortune 1000 corporations.
As part of the new partnership, Mondee and EBG will cross-sell to their expansive distribution networks, reaching millions of travelers and consumers. In addition, Mondee will provide its technology platform to EBG to include packaged travel solutions for an extensive set of travel and airline products.
EBG, one of the largest sales partners for many of the major theme parks, attractions, entertainment producers, and other travel organizations in the country, will connect with Mondee’s systems to deliver unique experiences, products, and services through Mondee’s network and extensive travel platforms. Mondee plans to continue to expand and leverage its industry changing technology platform to work with EBG to provide technology solutions for ongoing sophisticated traveler needs.
“We are thrilled to partner with EBG to bring together two market-leading, technology-based travel and entertainment companies to better serve the needs of our discerning consumers,” said Prasad Gundumogula, Founder and Chief Executive Officer of Mondee. “Partnering with EBG allows us to enhance our emerging subscription platforms and package new hospitality and entertainment offerings for our customers who are constantly evolving to seek new and differentiated, value-based experiences. We also look forward to deploying our innovative travel technology marketplace to support EBG’s many member-based organizations. Post this transformative partnership, Mondee’s platforms and products are estimated to have a combined access to more than 125 million members and users. The first phase of our partnership commenced a few months ago and is delivering material, tangible results.”
“We are pleased to leverage Mondee’s consumer-friendly travel technology platform to broaden and enhance the user-experience on our platforms,” said Brett Reizen, Founder and Chief Executive Officer of EBG. “This exciting opportunity allows both companies to share industry-leading technology to facilitate unique travel experiences for Mondee and EBG’s network.”
HokieHead
2 years ago
838,000 float with PIPE shares which are locked up, no shares available to short, earnings Monday AM. Moonshot coming..
Mondee Holdings, Inc. to Report Second Quarter 2022 Financial Results on August 15, 2022
Mondee Holdings, Inc. (“Mondee” or the “Company”), the high-growth, travel technology company and marketplace, with a portfolio of globally recognized platforms and brands in the leisure and corporate travel sectors, today announced that its second quarter 2022 results, for the period ended June 30, 2022, will be released on Monday, August 15, 2022, before the market opens. The Company will host a conference call at 5:30 a.m. (PST) / 7:30 a.m. (CST) / 8:30 a.m. (EST) to discuss its financial results with the investment community.
A live webcast of the event will be available on the Mondee Investor Relations website at http://investors.mondee.com. A live dial-in is available domestically at (844) 200-6205 and internationally at +1 (929) 526-1599, passcode 315548.
A replay will be available domestically at (866) 813-9403 or internationally at +44 (204) 525-0658, passcode 920386, until midnight (ET) September 5, 2022.
About Mondee
Mondee is a group of leading travel technology, service, and content companies driving disruptive innovative change in the leisure and corporate travel markets. They deliver a revolutionary technology platform of SaaS, mobile, and cloud products and services to a global customer base, processing over 50 million daily searches and multi-billion dollars of transactional volume yearly. The Company is connecting a network of 50,000+ leisure travel advisors and gig economy workers to 500+ airlines and over 1 million hotel and hospitality accommodations, packaged solutions and ancillary offerings. Founded in 2011, Mondee is headquartered in Austin, Texas, with 17 offices in the USA and Canada, and operations in India, Thailand, and Ireland. On July 18, 2022, Mondee completed a business combination with ITHAX Acquisition Corp., a Cayman Islands exempted company, and has been trading as a publicly listed company on Nasdaq since July 19, 2022 under the ticker symbol “MOND”. For more information, please visit https://www.mondee.com.
HokieHead
2 years ago
Just DeSpac'd, company is growing like gangbusters, floating shares were 136,000 last week, upped to 836,000 on a 700,000 trade Friday at $10.04, lockups 6 months out, if over $12 then 3 months, and I think the short position here now is bigger than the actual tradeable float. Wouldn't be surprised to see a ISPO type move in the coming days, same thing happened to them with the 25-NSE, the fix caused the big move.