ALERT: Pure Hospitality Solutions Inc. (PNOW)
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PNOW's innovative technology could very well gain a foothold in a $157B market
Pure Hospitality Solutions, Inc. (the "Company" or "Pure") provides proprietary technology, marketing solutions and branding services to hotel operators and condominium owners.
The company's vision is to build competitive operations in the areas of online marketing, hotel internet booking engine services and hotel branding.
According to their Annual Filing PNOW is prepping a new technology (OTA -Oveedia, an Internet-Based Travel Website and Booking Engine) for a soft launch, and as they expect to complete its arrangement with a new partner. Read More
PNOW will have immediate access to an additional 125K hotels, 400 airlines, 16 cruise lines and over 25 car rental selections from which PNOW can begin generating immediate revenues.
Revenues from OTA operations can potentially begin to occur as early as June and having already signed on properties
PNOW has officially become a member of the $7 Billion Travel Network Sabre Travel Network ("Sabre"), having completed its contractual obligations with Sabre to secure and receive Sabre's prestigious Pseudo City Code (PCC), solidifying the foundation for PURE's OTA (Online Travel Agent), Oveedia, to become a formable industry competitor in Latin America's $30+ Billion online travel market, where total Latin travel sales are estimated to reach over $80 Billion by 2016.
With increasing internet usage worldwide, we can expect this market to continue to expand, especially in developing markets such as Latin America.
Several trends and financial factors drive the online travel industr and shares of PNOW.
noticeable trend driving the online travel industry is the shift from desktop computing to mobile phones and tablets.
The general tilt in the population toward "mobile" usage is having a marked impact on the online travel industry.
Finally, the growing tendency for digital apps to foster consumer-to consumer transactions will also influence the online travel industry in the near future.