Travel Industry Making A Comeback
With the COVID-19 vaccine supply ramping up, the travel industry is finally set to boom once again.
That’s because many are expecting a huge bounce back with all the pent-up demand from consumers desperate to go on the vacations they’ve delayed over the last year.
But the gains have already started early, and those in the cruise industry in particular have been eye-popping.
Norwegian Cruise Line Holdings is up 210% from last year’s lows.
Carnival Corp. has jumped an incredible 224%.
And Royal Caribbean Group has soared 242%.
That puts these gains at nearly 4x what the S&P 500 has returned on a remarkable year over that time.
Keep in mind, that’s all while most cruise ships are still landbound.
And now that there’s a light at the end of the tunnel, the biggest investment banks are all showing their support for this corner of the markets too.
JP Morgan, for example, just raised their price targets on several of the main cruise lines.
And one of their analysts said, “We are bullish on the industry’s pending recovery, owing to what is expected to be a strong U.S. consumer spending environment and sizable pent-up leisure travel demand […].”
But even with the boom in vaccine supply, there’s one key piece missing that will allow the cruise industry to open confidently.
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Rapid testing for COVID-19, its variants, and other infectious diseases is a must to help people put to rest their fears of traveling on these self-contained vessels.
That means providing a solution that doesn’t just ensure passengers are testing negative a few days before boarding, but right as they’re getting ready to step foot on the ship.
That’s why Relay Medical’s recent announcement is such an exciting one, as they prepare to provide the cruise industry with the support they so desperately need.
Relay has launched the Fionet Pandemic Testing Platform.
Relay has already become well-known as an IoT (internet of things) technology company, with a reputation for helping the next generation of HealthTech breakthroughs.
And with their rapid testing platform, Fionet, they’re helping to stop the spread of COVID-19 and playing a major role in re-opening the world again.
It could be the master key we’ve been searching for to unlock the travel industry as a whole.
Relay just announced that they’ve added 3 strategic advisors to help support the cruise industry and the CARICOM Region (Caribbean Community and Common Market).
CARICOM member countries see up to 30 million international tourists each year, making it the highest GDP-generating travel and tourism destination in the world.
And now Relay aims to bring this proven technology to the CARICOM region and the cruise industry to help light the fuse on the industry boom we’ve all been waiting for.
They recently announced they’ve brought on Bernard O’Brien, who has been a respected leader at Carnival Cruise Line for 12 years.
During that time, he helped implement the first 100% Wi-Fi cruise ships.
And Relay expects that his expertise will also help them confidently introduce Fionet to deliver real-time intelligence for cruise ships of all sizes.
In addition, they’ve brought Donal Smith and Keith Davis on as strategic advisors for their combined experience in the CARICOM region spanning nearly 40 years.
With their leadership in government in the Caribbean, they’re in the perfect position to help Relay identify and execute on opportunities across the region.
That includes potentially providing this technology across communities, businesses, and public health sectors.
This could be the missing piece of the puzzle to not just help the cruise industry, but one of the biggest tourism destinations in the world, get back on their feet together.
This would be the latest of a long list of accomplishments for the Fionet technology.
It’s already a proven solution that’s been used all over the world in managing epidemics in the past.
But just recently, they’ve signed another major agreement that is putting the Fionet technology inside a major travel hub.
Relay announced they’re rolling out Fionet to be used at the Toronto Airport, the largest international airport in Canada.
With over 50 million people passing through the airport in 2019, Fionet will support rapid testing to ensure both the safety of employees and passengers.
In fact, Relay recently announced that they’ve just deployed the technology, and it’s already being used to manage the rapid testing at this massive travel hub at this very moment.
This is major news for Relay as all air passengers coming into Canada are required to provide confirmation of negative test results to enter the country.
Plus, even with the vaccine rollout, many countries are requiring negative test results in order to be allowed into the country.
And as 1 of only 4 international airports in the country, this means many will require this technology to help enter the country and travel safely.
Plus, with the CDC now mandating all passengers coming into the U.S. be required to provide negative test results as well, it will also provide testing for those flying out of Toronto to destinations accepting Antigen RDTs.
Together, Fionet could be used to test millions of passengers over the next year alone.
It could be exactly what we need to start traveling, enjoying long-awaited vacations and seeing distant family members again.
Proven Tech With Big-Name Support
Fionet has already received validation from some of the leading health organizations in the world.
That includes working with the World Health Organisation (WHO), the CDC, the Department of Defense (DoD), DARPA, the Walter Reed Army Institute of Research, and the Bill and Melinda Gates Organization…
And Fionet has been used to test and monitor the spread of such deadly diseases as malaria, HIV, Ebola, and dengue fever.
Most recently, Canada’s most established lab, LifeLabs LP, signed an agreement to deploy the Fionet platform shortly.
LifeLabs is Canada’s largest provider of specialty laboratory testing services, laboratory diagnostic information and digital health connectivity systems, enabling patients and healthcare practitioners to diagnose, treat, monitor, and prevent disease.
The company supports 20 million patient visits annually and conducts over 100 million laboratory tests through leading edge technologies and its 6,000 employees.
LifeLabs will provide the Fionet Platform in community-based settings at multiple sites across Canada, which may include airports, pop-up labs, and installations for small businesses.
The Fionet Platform will be integrated into LifeLabs’ laboratory information system, ensuring seamless interoperation.
And it will also be integrated into LifeLabs’ turnkey, end-to-end COVID-19 rapid diagnostic testing (RDT) program to support Canadians as they return to work.
That’s because Fionet helps provide fast, accurate test results within minutes in the field, along with everything you need to coordinate the testing, such as:
- Fast and easy scheduling
- Test results returned in as little as 15 minutes
- Data sent securely to the cloud to integrate with healthcare systems
- Alerting healthcare workers, in order to begin isolation protocols or deploy resources if positive cases are found
This is the perfect solution for high-traffic locations like travel hubs, sports arenas, and event centers…
And it could soon be used in schools and businesses to bring everyone safely back to the classrooms and offices again.
Thanks to the support from major health organizations, Fionet has received the validation and backing that has helped put the technology into major hubs.
And thanks to their latest acquisition in the cybersecurity space, Relay will not only be supporting Fionet in the medical sector but expanding into other industries as well.
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Cybeats is a leading-edge IoT and connected device security company, and this acquisition will be a major addition to Relay’s growing product line given how quickly Fionet has taken off recently.
The Cybeats technology could even see more applications with upcoming launches of other products in the $73 billion IoT security market as well.
That includes supporting Relay’s products as well as being made available for commercial use with original equipment manufacturer (OEM) and original design manufacturer (ODM) companies who can then integrate Cybeats into their own products.
This breakthrough technology helps companies spot security gaps in their devices and their software supply chain.
That means they could use this with their Fionet technology to ensure that all test results are completely secure and that this health data is protected from any outside threats.
Because of Cybeats’ unique inside-to-out approach, it helps identify security issues in real-time and allows you to respond to the problem without any downtime.
This will be an incredible boost to support Fionet and other IoT technologies as the growth of connected devices continue to accelerate across North America and beyond.
With Fionet becoming a key piece of reopening travel at Canada’s largest airport, Relay’s latest move could be the next step in re-opening travel across the globe.
And thanks to the addition of these key strategic advisors, Relay could soon use this technology to lead the resurgence of the cruise lines in the world’s biggest tourism destination.
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