Global Leisure Travel Market (2021 to 2027) – by Traveler Type, Sales Channel, Age Group and Expenditure Type

DUBLIN, Jan. 22, 2021 /PRNewswire/ — The «Leisure Travel Market by Traveler Type, Sales Channel, By Age Group and By Expenditure Type: Global Opportunity Analysis and Industry Forecast, 2021-2027» report has been added to ResearchAndMarkets.com’s offering.

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The global leisure travel market size was valued at $1,006.5 billion in 2019, and is projected to reach $1,737.3 billion by 2027, registering a CAGR of 22.6% from 2021 to 2027.

The leisure travel economy comprised of a well-entrenched biosphere of industries including but not limited to logistics, accommodation, food, retail, recreation and other tourism services Companies, large and small in associated industries continuously strive to create experiences bringing people together, support communities and boosting economics of country. Substantial investment on tourism have multiplier effects in the expansion of economy including infrastructure development, stimulating private investment, aggregate demand and jobs. Tourism offers direct and indirect aid to a nation’s economy as a result past few years have saw remarkable growth in the attention paid by tourism development experts, policy makers, and industry leaders especially in the developing region of Asia-pacific and Africa region.

Recent years have seen paradigm shift towards experience rather than goods. Spending on consumer durables, apparels have seen faltering however, experiential spending on recreation, travel, and eating have seen rapid growth. As a result, travel is outpacing demand for goods. The trend is in sync with growing number of global outbound tourists in the last few years. The robust growth is expected to continue in the estimated future, driven primarily by the expansion of low cost airlines, government initiatives and technological advancements.

While the expansion in tourism industry has led to creation of jobs, a proliferation of tour operators, and increased ease in booking accommodation, logistics and services, the push comes with its own set of unique challenges – economic slowdown, infrastructure, and political tensions, among other.

The leisure travel market has been segmented based on traveler type, sales channel, age group, expenditure type and region. Based on traveler type, the leisure travel market is bifurcated into solo and group. Based on sales channel the global market is studied across conventional channels, online channels. By age group, it is divided into baby boomers, generation X, Millennials and Generation- Z. On the basis of expenditure type, the market is categorized into lodging, transportation, food and beverages, events & entertainment and others. Region wise, the market is studied across North America, Europe, Asia-Pacific, and LAMEA.

The key players profiled in the report includes Expedia Group, Priceline Group, Carlson Wagonlit Travel, JTB Americas Group, World Travel, Inc., American Express Travel, Travel Leaders Group, TUI Group., Thomas Cook (India) Limited and Cox & Kings Ltd.

Key Benefits

  • This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the leisure travel market analysis from 2019 to 2027 to identify the prevailing leisure travel market opportunities.
  • The market research is offered along with information related to key drivers, restraints, and opportunities.
  • Porter’s five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
  • In-depth analysis of the leisure travel market segmentation assists to determine the prevailing market opportunities.
  • Major countries in each region are mapped according to their revenue contribution to the global market industry.
  • Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
  • The report includes the analysis of the regional as well as global leisure travel market trends, key players, market segments, application areas, and market growth strategies.

Key Topics Covered:

Chapter 1: Introduction
1.1. Report Description
1.2. Key Benefits for Stakeholders
1.3. Key Market Segment
1.4. Research Methodology
1.4.1. Primary Research
1.4.2. Secondary Research
1.4.3. Analyst Tools and Models

Chapter 2: Executive Summary
2.1. Key Findings of the Study
2.1.1. Top Impacting Factors
2.1.2. Top Investment Pockets
2.2. CXO Perspective

Chapter 3: Market Overview
3.1. Market Definition and Scope
3.2. Porter’s Five Forces Analysis
3.3. Market Dynamics
3.3.1. Drivers
3.3.1.1. Pursuit of Unique Experiences to Augment the Global Tourism Industry
3.3.1.2. Mobile Applications, Big Data Analytics, and Artificial Intelligence Evolving Together Amidst Proliferating Tourism Industry
3.3.1.3. Rise of Social Media Positively Impacting the Travel Industry
3.3.2. Restraints
3.3.2.1. Increase in Unrest Due to Terrorism and Domestic Issues in Countries
3.3.2.2. Confined Tourism Due to Natural Environmental Conditions
3.3.3. Opportunities
3.3.3.1. Unique Destinations Gaining High Traction Among Tourists
3.3.3.2. Eco Friendly Tourism-New Trend Among Millennial
3.4. Covid-19 Impact on Leisure Tourism Market
3.5. Global Business Travel Market Size
3.5.1. Overview

Chapter 4: Leisure Travel Market, by Traveler Type
4.1. Overview
4.1.1. Market Size and Forecast
4.2. Solo
4.2.1. Key Market Trends, Growth Factors, and Opportunities
4.2.2. Market Size and Forecast
4.2.3. Market Analysis by Country
4.3. Group
4.3.1. Key Market Trends, Growth Factors, and Opportunities
4.3.2. Market Size and Forecast
4.3.3. Market Analysis by Country

Chapter 5: Leisure Travel Market, by Sales Channel
5.1. Overview
5.1.1. Market Size and Forecast
5.2. Conventional Channels
5.2.1. Key Market Trends, Growth Factors, and Opportunities
5.2.2. Market Size and Forecast
5.2.3. Market Analysis by Country
5.3. Online Channels
5.3.1. Key Market Trends, Growth Factors, and Opportunities
5.3.2. Market Size and Forecast
5.3.3. Market Analysis by Country

Chapter 6: Leisure Travel Market, by Age Group
6.1. Overview
6.1.1. Market Size and Forecast
6.2. Baby Boomers
6.2.1. Key Market Trends, Growth Factors, and Opportunities
6.2.2. Market Size and Forecast
6.2.3. Market Analysis by Country
6.3. Generation X
6.3.1. Key Market Trends, Growth Factors, and Opportunities
6.3.2. Market Size and Forecast
6.3.3. Market Analysis by Country
6.4. Millennials
6.4.1. Key Market Trends, Growth Factors, and Opportunities
6.4.2. Market Size and Forecast
6.4.3. Market Analysis by Country
6.5. Generation Z
6.5.1. Key Market Trends, Growth Factors, and Opportunities
6.5.2. Market Size and Forecast
6.5.3. Market Analysis by Country

Chapter 7: Leisure Travel Market, by Expenditure Type
7.1. Overview
7.1.1. Market Size and Forecast
7.2. Lodging
7.2.1. Key Market Trends, Growth Factors, and Opportunities
7.2.2. Market Size and Forecast
7.2.3. Market Analysis by Country
7.3. Transportation
7.3.1. Key Market Trends, Growth Factors, and Opportunities
7.3.2. Market Size and Forecast
7.3.3. Market Analysis by Country
7.4. Food & Beverages
7.4.1. Key Market Trends, Growth Factors, and Opportunities
7.4.2. Market Size and Forecast
7.4.3. Market Analysis by Country
7.5. Events & Entertainment
7.5.1. Key Market Trends, Growth Factors, and Opportunities
7.5.2. Market Size and Forecast
7.5.3. Market Analysis by Country
7.6. Others
7.6.1. Key Market Trends, Growth Factors, and Opportunities
7.6.3. Market Size and Forecast
7.6.4. Market Analysis by Country

Chapter 8: Leisure Travel Market, by Region
8.1. Overview
8.1.1. Market Size and Forecast, by Region
8.2. North America
8.3. Europe
8.4. Asia-Pacific
8.5. LAMEA

Chapter 9: Competitive Landscape

Chapter 10: Company Profiles
10.1. American Express Travel
10.1.1. Company Overview
10.1.2. Key Executive
10.1.3. Company Snapshot
10.1.4. Operating Business Segments
10.1.5. Product Portfolio
10.1.6. Business Performance
10.2. Carlson Wagonlit Travel
10.2.1. Company Overview
10.2.2. Key Executive
10.2.3. Company Snapshot
10.2.4. Product Portfolio
10.3. Cox & Kings Ltd.
10.3.1. Company Overview
10.3.2. Key Executive
10.3.3. Company Snapshot
10.3.4. Operating Business Segments
10.3.5. Product Portfolio
10.3.6. Business Performance
10.3.7. Key Strategic Moves and Developments
10.4. Expedia Group
10.4.1. Company Overview
10.4.2. Key Executive
10.4.3. Company Snapshot
10.4.4. Operating Business Segments
10.4.5. Product Portfolio
10.4.6. Business Performance
10.4.7. Key Strategic Moves and Developments
10.5. Jtb Usa, Inc.
10.5.1. Company Overview
10.5.2. Key Executive
10.5.3. Company Snapshot
10.5.4. Product Portfolio
10.6. Priceline(Booking Holdings Inc.)
10.6.1. Company Overview
10.6.2. Key Executive
10.6.3. Company Snapshot
10.6.4. Product Portfolio
10.6.5. Business Performance
10.6.6. Key Strategic Moves and Developments
10.7. Thomas Cook India Ltd.
10.7.1. Company Overview
10.7.2. Key Executive
10.7.3. Company Snapshot
10.7.4. Product Portfolio
10.7.5. Business Performance
10.7.6. Key Strategic Moves and Developments
10.8. Travel Leaders Group
10.8.1. Company Overview
10.8.2. Key Executive
10.8.3. Company Snapshot
10.8.4. Product Portfolio
10.9. Tui Group
10.9.1. Company Overview
10.9.2. Key Executive
10.9.3. Company Snapshot
10.9.4. Operating Business Segments
10.9.5. Product Portfolio
10.9.6. Business Performance
10.9.7. Key Strategic Moves and Developments
10.10. World Travel, Inc.
10.10.1. Company Overview
10.10.2. Key Executive
10.10.3. Company Snapshot
10.10.4. Product Portfolio

For more information about this report visit https://www.researchandmarkets.com/r/u4zsnp

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SOURCE Research and Markets

Michael J. Cumbo Appointed President & CEO Of Omega Optical Holdings

BRATTLEBORO, Vt., Jan. 22, 2021 /PRNewswire/ — Omega Optical Holdings, LLC (Omega or the Company), a leading precision optics platform backed by Artemis Capital Partners (Artemis), announced today that Dr. Michael J. Cumbo has been appointed President and CEO, effective February 1st. Dr. Cumbo brings more than 30 years of leadership experience in the optics and photonics industry to Omega.

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BRATTLEBORO, Vt., Jan. 22, 2021 /PRNewswire/ — Omega Optical Holdings, LLC (Omega or the Company), a leading precision optics platform backed by Artemis Capital Partners (Artemis), announced today that Dr. Michael J. Cumbo has been appointed President and CEO, effective February 1st. Dr. Cumbo brings more than 30 years of leadership experience in the optics and photonics industry to Omega.

Artemis formed Omega Optical Holdings, LLC in August 2020, upon the acquisition of Omega Optical, LLC, a manufacturer of precision optical filters and coatings, and plans to target further complementary acquisitions. Dr. Cumbo will lead all strategic and operational initiatives to position the platform for long-term growth.

Dr. Cumbo is an experienced optics and photonics industry leader with a successful track record of building world-class optical technology companies in the life science, defense & aerospace, semiconductor, and industrial OEM markets. Cumbo joins Omega from his previous role as CEO at AIM Photonics, the U.S. Defense Department’s $600 million photonics hub in Albany, NY, where he will continue to serve as the Chairman of AIM’s Leadership Council. Prior to AIM Photonics, Cumbo spent 30 years driving growth and technology development at market-leading optics businesses across the globe, most recently serving as Vice President at AMETEK-ZYGO and as President of IDEX Optics & Photonics.

«We are very pleased to welcome Mike as President and CEO of Omega,» said Peter A. Hunter, Managing Director at Artemis and Chairman of Omega. «He has a deep technical and business background in optics, and he also has a proven track record of successfully building great companies and moving technologies and teams from research to production. We are excited about Omega’s potential, and we are confident in Mike’s ability to help build an innovative, world-class optics platform.»

«I am honored and excited to join the Omega team and partner with Artemis in building the Omega Optical Holdings platform,» Cumbo said. «I look forward to working closely with Omega’s management team, employees, customers and suppliers to build an agile organization that solves mission-critical technology challenges for our customers and meets the growing global demand for high precision, no-fail optical coatings, components and assemblies.»

Dr. Cumbo holds a Ph.D. in Optics, an M.S. in Optical Engineering, and a B.S. in Physics from the University of Rochester, as well as an M.S. in Electrical Engineering from Rochester Institute of Technology. He has 11 patents and authored 22 technical journal papers and conference proceeding articles.

Omega Optical
Founded in 1969, Omega Optical designs and manufactures precision optical filters and coatings enabling mission-critical applications for global OEM customers in a wide range of industries, including life sciences, environmental monitoring, aerospace, defense, semiconductor, and more. Specializing in complex, high-performing thin film band pass filters, the Company has a breadth of capabilities and experience to support full customer life cycle needs from design to prototyping to volume production. Omega is ISO 9001:2015 and ITAR compliant. For more information on Omega Optical, please visit: www.omegafilters.com

Artemis
Founded in 2010, Artemis Capital Partners is a Boston-based private equity firm focused on acquiring and growing manufacturers of differentiated industrial technologies, including optics and photonics. Artemis seeks to partner with companies that have strong established management teams, outstanding engineering capabilities, unique products, and expanding niche markets. For more information on Artemis, please visit: www.artemislp.com.

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SOURCE Omega Optical (an Artemis company)

National Audubon Society Announces Additions to Senior Leadership with Appointment of New President and Chief Conservation Officer and Chief Equity, Diversity, and Inclusion Officer

NEW YORK, Jan. 22, 2021 /PRNewswire/ — The National Audubon Society («Audubon») today announced the appointment of two key senior hires to join the organization’s leadership team following broad national searches. Dr. Elizabeth Gray will join Audubon as President and Chief Conservation Officer, reporting to CEO David Yarnold. Dr. Gray will be the first woman to hold the title of President in the organization’s 115-year history. <span…

NEW YORK, Jan. 22, 2021 /PRNewswire/ — The National Audubon Society («Audubon») today announced the appointment of two key senior hires to join the organization’s leadership team following broad national searches. Dr. Elizabeth Gray will join Audubon as President and Chief Conservation Officer, reporting to CEO David Yarnold. Dr. Gray will be the first woman to hold the title of President in the organization’s 115-year history. Jamaal Nelson has been appointed Chief Equity, Diversity, and Inclusion Officer, and will also report to David Yarnold. These appointments will become effective March 8 and March 1, respectively. Audubon has also announced the promotion of David Ringer to Chief Network and Communications Officer.

Audubon Board Chair, Maggie Walker, said, «This is an exciting moment for Audubon as we welcome two outstanding leaders – Elizabeth and Jamaal – to the organization’s executive team. Elizabeth’s exceptional credentials as a scientist, fundraiser and strategic leader will give Audubon much-needed executive capacity as we continue to grow. While we did not originally set out in our search to hire for the role of President, meeting Elizabeth presented us with a golden opportunity to build on a doubling of our budget over the past decade and our vastly increased influence and capabilities. She and David will make a terrific team.»

Ms. Walker continued, «Audubon and its Board and leaders are all deeply committed to ensuring diversity, equity, and inclusion are at the core of what we do and how we operate every day. That is why we could not be more excited to welcome Jamaal to lead Audubon on this journey. The organization will benefit greatly from his expertise in advancing social and environmental justice as we work together to put our values into practice.»

Dr. Elizabeth Gray 
Dr. Elizabeth Gray is a renowned expert in the field of conservation and climate change. She was selected after an extensive search process involving both internal and external candidates, led by Isaacson Miller. During the search process and in recognition of the outstanding candidacy of Dr. Gray, Audubon elected to split the roles of President and CEO. Dr. Gray will serve as President and Chief Conservation Officer, with responsibility for the organization’s conservation, policy, international, and science teams, as wells as the national network of chapter organizations. As CEO, Mr. Yarnold will continue to serve as the organization’s senior leader, strategist and fundraiser. Dr. Gray will report to him, as will the heads of development; equity, diversity and inclusion; operations; state offices; and marketing.

Trained as an ornithologist, Dr. Gray has spent more than three decades as a dedicated conservationist, spending considerable time in the field nationally and abroad. She joins Audubon from The Nature Conservancy where she most recently held the role of Global Managing Director for Climate. Dr. Gray has a significant track record on climate change leadership at the national and global level including: serving as a global spokesperson for the Conservancy’s climate change work at the United Nations Framework Convention on Climate Change meetings; launching regional programs in climate adaptation and natural climate solutions across the United States, Canada and the Caribbean; and, publishing numerous scientific papers focused on her research in climate-impacted areas such as Latin America, East Africa, Hawaii and the Pacific Northwest.

Dr. Gray served as one of five members of The Nature Conservancy’s Global Gender Equity Council, advising the CEO, President, and COO/General Counsel on gender issues across the organization. She founded the first urban conservation program in Washington, D.C., and has worked to empower the next generation of conservation leaders through a young professional’s network and youth advocacy program. Dr. Gray earned her Ph.D. in ecology from the University of Washington and holds an A.B. with highest honors in psychology from Harvard University. She will be based in Washington, D.C.

Mr. Yarnold said, «When we embarked on the search for a Chief Conservation Officer, we could not have imagined a better candidate than Elizabeth. Her unmatched track record as a global leader on climate and conservation, together with her deep commitment to diversity and inclusion make her the ideal fit for our organization. Audubon will benefit tremendously from her strategic and creative approach, not to mention her scientific and policy expertise. I am thrilled to welcome Elizabeth to our team as President and look forward to working alongside her to build an Audubon for the future.»

Dr. Elizabeth Gray said, «Audubon’s mission resonates deeply with me; my love of birds began as a college student when I studied how homing pigeons navigate. I am excited and honored to join the Audubon team as President and CCO. I look forward to working with Audubon’s wonderful talent to advance new and innovative solutions to the most pressing challenges facing birds and the places they need, today and tomorrow.»

Audubon’s conservation priorities reflect the opportunity that a bipartisan membership base offers. From working across the aisle on climate and clean energy, to a «30×30» agenda for America’s lands and waters, to bedrock bird conservation policies, Audubon brings 115 years of trust and an entrepreneurial approach to bear for birds and people and the places they need.

Jamaal Nelson 
Jamaal Nelson will join Audubon as Chief Equity, Diversity, and Inclusion Officer.  His appointment is the culmination of a national search process that included internal and external candidates and was led by Russell Reynolds.

Mr. Nelson is a widely recognized leader in issues of diversity and inclusion and has a  track record in helping some of the most important and visible  organizations in the country transform their cultures in support of social justice. Mr. Nelson previously served as Partner and Advisor with The Management Center, a nonprofit management consulting and leadership development organization that supports social justice leaders in building and running more effective organizations. In this role, Mr. Nelson led DEI, coaching, and organizational effectiveness services to leading national nonprofits and their leaders, including organizations such as Generational Citizen, the NAACP, American Red Cross, Common Cause, the Legal Defense Fund, and the Democratic National Committee.

Mr. Nelson also held various leadership roles at Leadership for Educational Equity, a nonprofit leadership development organization focused on supporting civic leaders who are working to end the injustice of educational inequity. He continues to serve a senior advisor to the Executive Director of LEE. In addition to these roles, Mr. Nelson’s career spans many years in education and labor organizing. Mr. Nelson holds an M. Div. from Harvard Divinity School and received his B.S. with honors in Human and Organizational Development from Vanderbilt University. He will be based in New York.

David Yarnold commented, «There has never been a more important time in Audubon’s history – or the history of the conservation movement – to ensure that we are fostering a workplace that values and lifts up diverse voices, ensures everyone feels that they belong, fights systemic racism and injustice, and that our work in communities does the same. Jamaal stood out for his deep expertise and experience leading organizations through transformational change – and for his strong values and commitment to justice. He is the passionate, experienced, and accomplished leader that Audubon needs and we will again budget an additional discretionary $1 million to help jump start our ED&I work — as we did this year. I look forward to working with Jamaal to ensure Audubon lives up to its mission of being an Audubon for all.»

Jamaal Nelson said, «I am honored to be joining Audubon at this important moment in the organization’s history. Audubon’s mission is one that I admire greatly, and I am looking forward to driving positive change in the conservation movement so that it is more inclusive and equitable for the BIPOC community especially. The passion and talent that I have seen across Audubon’s staff and leadership make me excited for what we will be able to accomplish towards this goal.»

David Ringer 
In addition to the appointments of Dr. Gray and Mr. Nelson, Audubon has announced the promotion of David Ringer to Chief Network and Communications Officer. This elevation follows the changes made to the organization of Audubon’s executive team with the now-separate roles of CEO and President and reflects the expanded scope under Mr. Ringer’s responsibilities. Mr. Ringer joined Audubon in 2009 and was appointed as the organization’s first Chief Network Officer in 2016.

The National Audubon Society protects birds and the places they need, today and tomorrow. Audubon works throughout the Americas using science, advocacy, education, and on-the-ground conservation. State programs, nature centers, chapters, and partners give Audubon an unparalleled wingspan that reaches millions of people each year to inform, inspire, and unite diverse communities in conservation action. A nonprofit conservation organization since 1905, Audubon believes in a world in which people and wildlife thrive. Learn more at www.audubon.org and on Facebook, Twitter and Instagram @audubonsociety.

Dr. Elizabeth Gray joins Audubon as President and Chief Conservation Officer; First Woman to Hold Title of President in 115 Years

 

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SOURCE National Audubon Society, Inc.

InventHelp Inventor Develops Environmentally-Friendly Design for Caskets (LVT-359)

PITTSBURGH, Jan. 22, 2021 /PRNewswire/ — «I wanted to create a more earth-conscious casket design for people and pets,» said an inventor, from Las Vegas, Nev., «so I invented the E-CASKET. My design enables you to protect the environment even in death.»

<a href="https://mma.prnewswire.com/media/634035/InventHelp_Logo.html" target="_blank"…

PITTSBURGH, Jan. 22, 2021 /PRNewswire/ — «I wanted to create a more earth-conscious casket design for people and pets,» said an inventor, from Las Vegas, Nev., «so I invented the E-CASKET. My design enables you to protect the environment even in death.»

The invention provides an environmentally-friendly casket option. In doing so, it reduces deforestation and plastic waste. As a result, it helps to protect the environment after the individual’s death and it provides added peace of mind. The invention features a unique design that is convenient and easy to use so it is ideal for the general population. Additionally, it is producible in design variations.

The original design was submitted to the Las Vegas sales office of InventHelp. It is currently available for licensing or sale to manufacturers or marketers. For more information, write Dept. 19-LVT-359, InventHelp, 217 Ninth Street, Pittsburgh, PA 15222, or call (412) 288-1300 ext. 1368. Learn more about InventHelp’s Invention Submission Services at http://www.InventHelp.com.

 

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SOURCE InventHelp

InventHelp Inventor Develops Reminder to Remove Children from Parked Vehicles (LVT-327)

PITTSBURGH, Jan. 22, 2021 /PRNewswire/ — «I wanted to create a reminder for parents and pet owners to remove children and pets from a car when parking,» said an inventor, from Henderson, Nev., «so I invented the HARP. My design helps to prevent heat- or cold-related injuries associated with being left behind in the car.»

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PITTSBURGH, Jan. 22, 2021 /PRNewswire/ — «I wanted to create a reminder for parents and pet owners to remove children and pets from a car when parking,» said an inventor, from Henderson, Nev., «so I invented the HARP. My design helps to prevent heat- or cold-related injuries associated with being left behind in the car.»

The patent-pending invention prevents children or pets from being accidentally left behind in a parked vehicle. In doing so, it offers an effective reminder for parents. As a result, it enhances safety and it provides added protection and peace of mind. The invention features a versatile design that is convenient and easy to use so it is ideal for parents with young children, pet owners, etc. Additionally, it is producible in design variations.

The original design was submitted to the Las Vegas sales office of InventHelp. It is currently available for licensing or sale to manufacturers or marketers. For more information, write Dept. 19-LVT-327, InventHelp, 217 Ninth Street, Pittsburgh, PA 15222, or call (412) 288-1300 ext. 1368. Learn more about InventHelp’s Invention Submission Services at http://www.InventHelp.com.

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SOURCE InventHelp

Hyundai Elantra N TCR Set for Racing Debut

DAYTONA BEACH, Fla., Jan. 22, 2021 /PRNewswire/ — In preparation for its U.S. racing debut, the brand-new Hyundai Elantra N TCR race car was unveiled yesterday by Bryan Herta Autosport at Daytona International Raceway. Already in the Winners Circle, the Elantra N TCR’s road-going sister car, the 2021 Elantra was just named the 2021 North American Car of the Year™, one of the industry’s highest accolades.

DAYTONA BEACH, Fla., Jan. 22, 2021 /PRNewswire/ — In preparation for its U.S. racing debut, the brand-new Hyundai Elantra N TCR race car was unveiled yesterday by Bryan Herta Autosport at Daytona International Raceway. Already in the Winners Circle, the Elantra N TCR’s road-going sister car, the 2021 Elantra was just named the 2021 North American Car of the Year™, one of the industry’s highest accolades.

The brand-new Hyundai Elantra N TCR race car was unveiled yesterday at Daytona International Raceway.

Since their racing debut in 2018 with Bryan Herta Autosport (BHA), Hyundai has dominated the North American Touring Car scene. Having won three back-to-back TCR championships and the 2020 Manufacturers title, Hyundai Motor America has high expectations for the new two-liter turbocharged Elantra N TCR.

«The all-new Elantra N TCR car is an exciting addition to Hyundai’s formidable TCR lineup,» said Bryan Herta. «We are proud to be providing this new challenger it’s track debut. I am confident the Elantra N TCR will be fast and fun to drive as you would expect from a Hyundai N.»

Racing in the North America premier TCR category, the IMSA Michelin Pilot Challenge, BHA will enter a pair of Elantra N TCR entries: Mark Wilkins and Harry Gottsacker in the #33 Elantra N TCR and Ryan Norman and Parker Chase driving the #98 Elantra N TCR.

The Hyundai Veloster N TCR returns with majority in the IMPC TCR category with 9 cars entered. BHA drivers Michael Lewis and Taylor Hagler showed off the 2021 Veloster N TCR model at today’s unveiling.

The IMSA Michelin Pilot Challenge will kick off its 2021 10 race championship with an intense 4-hour battle on the «Roval» at Daytona, January 29th. The 3.56-mile track challenges the car and driver with 12 turns on the tight and twisty infield road course and 31 degrees of banking on the oval sections of America’s most famous speedway. 

Watch the race live on NBC Gold’s TrackPass, Friday, January 29th at 1:30 pm ET.  Live audio and timing and scoring are available at IMSA.com.

Elantra N TCR Specifications

Dimensions
Length: 4710mm
Width: 1950mm
Wheelbase: 2750mm
Minimum Weight: 1265kg including the driver

Engine
Turbocharged 4-cylinder inline, transversally installed
Distribution: two overhead camshafts, 16 valves
Displacement: 1998cc
Max. output: 350hp @ 7000 rpm
Max. torque: 450Nm @ 3500 rpm

Transmission
Front-wheel-drive
Gearbox: 6-speed sequential with paddle shift
Clutch: Cerametallic twin-disc
Differential: multi-plate limited slip differential with external pre-load

Chassis
Front suspension: McPherson strut, coil springs, gas-filled dampers, anti-roll bar
Rear suspension: 4-arm multi-link axle, coil springs, gas-filled dampers, anti-roll bar
Steering: electrical power assisted rack and pinion

Brakes
Dual circuit hydraulic system
Front brakes: six-piston calipers, 380 mm steel ventilated discs
Rear brakes: two-piston calipers, 278 mm steel discs

Wheels
Braid 18″x10″ aerodynamic rims, specifically designed for Hyundai Motorsport

Fuel System
26.4 gallon fuel tank with endurance refueling capability

Interior
Sabelt race seats and 6-point, HANS compatible, harness

Hyundai Motor America

At Hyundai Motor America, we believe everyone deserves better. From the way we design and build our cars to the way we treat the people who drive them, making things better is at the heart of everything we do. Hyundai’s technology-rich product lineup of cars, SUVs and alternative-powered electric and fuel cell vehicles is backed by Hyundai Assurance—our promise to create a better experience for customers. Hyundai vehicles are sold and serviced through more than 820 dealerships nationwide and nearly half of those sold in the U.S. are built at Hyundai Motor Manufacturing Alabama. Hyundai Motor America is headquartered in Fountain Valley, California, and is a subsidiary of Hyundai Motor Company of Korea.

Please visit our media website at www.HyundaiNews.com

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SOURCE Hyundai Motor America

Groundbreaking Flow Battery Project Helping To Advance Clean Energy Microgrids

SAN DIEGO, Jan. 22, 2021 /PRNewswire/ — Two years after becoming the first battery of its kind to be connected to the California grid to help support reliability and maximize the use of clean energy, the vanadium redox flow (VRF) battery based at a San Diego Gas & Electric substation is again breaking new ground. This time, the emerging battery technology is being tested as a means to help achieve zero-emission microgrids – a tool to keep communities and…

SAN DIEGO, Jan. 22, 2021 /PRNewswire/ — Two years after becoming the first battery of its kind to be connected to the California grid to help support reliability and maximize the use of clean energy, the vanadium redox flow (VRF) battery based at a San Diego Gas & Electric substation is again breaking new ground. This time, the emerging battery technology is being tested as a means to help achieve zero-emission microgrids – a tool to keep communities and critical facilities powered with clean energy during adverse weather conditions and Public Safety Power Shutoffs. (Videos and Photos Available Here)

With the support of Japan’s New Energy and Industrial Technology Development Organization (NEDO) and the California Governor’s Office of Business and Economic Development (GO-Biz), SDG&E and Sumitomo Electric (SEI) launched the demonstration project in 2017.  The collaboration was recently extended for another year through the end of 2021, to further test the battery’s microgrid capabilities and maximize its ability to support the grid with ancillary services such as voltage and frequency regulation. Unlike the most prevalent energy storage technology (stacked cells of lithium-ion batteries), the flow battery being tested consists of tanks of liquid electrolytes and pumps. It began participating in the California Independent System Operator’s (CAISO) wholesale electricity markets in December 2018 and was used last summer to help minimize the impact of rotating outages during a record heatwave.

«Long-duration energy storage and microgrids are both key to helping California meet its clean energy, reliability and resiliency goals. We need breakthrough technologies to achieve 100% renewable energy on our grid and to power microgrids during emergencies,» said SDG&E CEO Caroline Winn. «SDG&E is proud to play a role in developing innovative solutions, like the flow battery technology, to help solve California’s climate-related challenges.»

Flow battery systems have an expected lifespan of more than 20 years and could have less degradation over time from repeated charging cycles than other chemical battery technologies.

«This project is cutting-edge and serves as the proving ground for integrating flow batteries into microgrids,» NEDO Executive Director Sato Yoshiteru said. «We are determined to contribute towards developing innovative solutions to environmental and energy challenges, such as improving grid reliability, which are among the most important issues for the State of California 

«I’d like to express my deepest gratitude to GO-Biz, San Diego Gas & Electric and NEDO for implementation of the Sumitomo flow battery in California. This is a reliable, long-duration technology that offers a high degree of operational freedom and fire safety, using non-flammable and re-usable electrolyte. Based upon these advantages, I’m confident the flow battery contributes to grid reliability in California. I am determined to help California reach its clean energy goals. I look forward to continuing our partnership with San Diego Gas & Electric,» said Hideo Hato, Senior Managing Director of Sumitomo Electric.

In 2015, NEDO signed an agreement with GO-Biz to test flow battery performance in a demonstration setting. NEDO then contracted with Sumitomo to implement the project.  The flow battery provides 2 MW/8 MWh of energy, enough to power the equivalent of about 1,000 homes for up to four hours.

«California has proven time and again that addressing climate change is good for our environment, it’s good for future generations, and it’s good for our economy – spurring new technologies and creating new markets on a regular basis,» said Tyson Eckerle, GO-Biz’s Deputy Director of Zero Emission Vehicle Market Development. «We continue to be proud international partners with NEDO as this game-changing technology brings new opportunities and renewed economic growth through renewable energy.»

Since unveiling the project in 2017, SDG&E has been researching if flow battery technology can economically enhance the delivery of reliable energy to customers, integrate growing amounts of renewable energy and increase the flexibility of grid operations. Like other energy storage systems, the flow battery absorbs or releases electrons as needed to help maintain grid stability. For example, soaking up surplus solar energy generated in the middle of the day and discharging it to the grid during peak evening hours.

SDG&E has been a leader in integrating energy storage, as well as developing microgrids. In 2013, SDG&E began operating the first utility-scale microgrid in America – the Borrego Springs Microgrid. Last year, it received a federal grant to upgrade the Borrego system to run on 100% renewable energy.  In 2017, SDG&E unveiled what was then the world’s largest lithium-ion battery storage facility. To date, SDG&E has about 100 MW of energy storage projects completed or contracted and is working to add more.

SDG&E is a regulated public utility that provides safe and reliable energy service to 3.4 million consumers through 1.4 million electric meters and 861,000 natural gas meters in San Diego and southern Orange counties. The utilityâeuro(TM)s area spans 4,100 square miles. SDG&E is committed to creating ways to help customers save energy and money every day. SDG&E is a subsidiary of Sempra Energy (NYSE: SRE), a Fortune 500 energy services holding company based in San Diego. Connect with SDG&Eâeuro(TM)s Customer Contact Center at 800-411-7343, on Twitter (@SDGE) and Facebook. (PRNewsFoto/SDG&E)

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SOURCE SDG&E

ALYI Targets Unique Electric Vehicle Market Segment And Anticipates 2021 Breakout

DALLAS, Jan. 22, 2021 /PRNewswire/ — Alternet Systems, Inc. (USOTC: ALYI) today published a corporate update and 2021 outlook from company CEO Randell Torno. The update and outlook is included in entirety below.

ALYI Corporate Update and 2021 Outlook

The ALYI business model is founded on the idea of establishing a perpetual system of electric vehicle innovation. 

Unlike the vast majority of electric vehicle contenders, ALYI is not staking…

DALLAS, Jan. 22, 2021 /PRNewswire/ — Alternet Systems, Inc. (USOTC: ALYI) today published a corporate update and 2021 outlook from company CEO Randell Torno. The update and outlook is included in entirety below.

ALYI Corporate Update and 2021 Outlook

The ALYI business model is founded on the idea of establishing a perpetual system of electric vehicle innovation. 

Unlike the vast majority of electric vehicle contenders, ALYI is not staking its shareholder value on a single state-of-the-art electric vehicle designed to capture consumers imagination today. ALYI is launching an electric mobility ecosystem to continuously identify market needs, capture the best available technology, target new ideas and combine all of the above into the next and the next and the next innovative electric vehicle product.

To both attract industry leading talent and provide an opportunity to prove their innovations, ALYI is launching an annual electric vehicle race in partnership with a brand name racing organization. The annual race event will be hosted simultaneously with an electric mobility symposium and expo.

While most electric vehicle companies target developed economic markets where their products will have to replace existing combustion engine powered competitors, ALYI is focused on Africa where low per capita transportation saturation provides the opportunity to introduce first time transportation solutions, not replacements.

Yes, we’ve started with an electric motorcycle to prime the electric mobility ecosystem. 

Since the original pilot motorcycle, the ALYI design team has introduce two additional electric motorcycle design paths.

First, the company will produce an electric motorcycle with a sleek retro style based on a BMW R71 clone (www.revoltmotorbikes.com) and include a conversion kit for do-it-yourselfers to electrify their own BMW R71 or R71 clone.

ALYI’s second design path leads to an electric motorcycle to be produced immediately to specifically support an Uber and Lyft type transportation solution evolving the African motorcycle taxi (Boda) market.

ALYI’s design team has now launched a third design path to develop a paradigm changing, state-of-the-art electric motorcycle. In particular, the third design path will be integrated into the electric mobility ecosystem.

ALYI progress in 2020, has put the company in a strong position to make 2021 a breakout year.

ALYI has existing orders for its electric motorcycles and the opportunity to increase orders by one thousand percent, if not more.  Demand in Africa is high.

ALYI has production partners in Africa ready to produce ALYI’s electric motorcycles.

The electric vehicle race partnership has begun site selection and engineering to host the annual event.

The anticipated breakout in 2021 will be triggered on ALYI’s financing partner finalizing its $100 million investment commitment.

ALYI’s financing partner, RevoltTOKEN, has already provided key funding to advance ALYI’s business plan to its current stage. RevoltTOKEN plans to democratize the ALYI electric vehicle ecosystem through the introduction of dedicated cryptocurrency offering holders participation in the ecosystem. RevoltTOKEN, the business entity, plans to offer RevoltTOKENs, a cryptocurrency, through an Initial Coin Offering (ICO).

RevoltTOKEN is carefully addressing regulatory prerequisites prior to launching an ICO. While RevoltTOKEN optimistically anticipated the process to address regulatory prerequisites going faster than has been the case, RevoltTOKEN is still resolved in its commitment to fund ALYI progress in a timely manner. While RevoltTOKEN remains committed to the ICO, RevoltTOKEN plans to soon provide additional funding separate from the ICO process to maintain ALYI on a rapid business development path.

The prevailing electric vehicle investment environment is ideal for ALYI to access necessary funding to maintain business development momentum. In addition to the heightened electric vehicle investment interest that began in the summer of 2020, President Biden’s environmental agenda now stands to further accelerate electric vehicle investment interest.

RevoltTOKEN and ALYI anticipate soon finalizing terms on the next strategic investment that will fund electric racetrack construction and fund the initiation of electric motorcycle production in Africa.

2021 is going to be an exciting year for ALYI.

For more information and to stay up to date on ALYI’s overall latest developments, please visit www.alternetsystemsinc.com.

Disclaimer/Safe Harbor: This news release contains forward-looking statements within the meaning of the Securities Litigation Reform Act. The statements reflect the Company’s current views with respect to future events that involve risks and uncertainties. Among others, these risks include the expectation that any of the companies mentioned herein will achieve significant sales, the failure to meet schedule or performance requirements of the companies’ contracts, the companies’ liquidity position, the companies’ ability to obtain new contracts, the emergence of competitors with greater financial resources and the impact of competitive pricing. In the light of these uncertainties, the forward-looking events referred to in this release might not occur.

Alternet Systems, Inc. Contact:
Randell Torno
info@lithiumip.com
+1-800-713-0297

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SOURCE Alternet Systems, Inc.

Insights on the Commercial Aircraft Autopilot System Global Market to 2027 – 35 Companies Profiled Including Genesys Aerosystems and Honeywell International

DUBLIN, Jan. 22, 2021 /PRNewswire/ — The «Commercial Aircraft Autopilot System – Global Market…

DUBLIN, Jan. 22, 2021 /PRNewswire/ — The «Commercial Aircraft Autopilot System – Global Market Trajectory & Analytics» report has been added to ResearchAndMarkets.com’s offering.

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The publisher brings years of research experience to the 8th edition of this report. The 108-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.

Global Commercial Aircraft Autopilot System Market to Reach US$499.9 Million by the Year 2027

Amid the COVID-19 crisis, the global market for Commercial Aircraft Autopilot System estimated at US$344.1 Million in the year 2020, is projected to reach a revised size of US$499.9 Million by 2027, growing at a CAGR of 5.5% over the period 2020-2027.

The U.S. Accounts for Over 29.5% of Global Market Size in 2020, While China is Forecast to Grow at a 5.1% CAGR for the Period of 2020-2027

The Commercial Aircraft Autopilot System market in the U.S. is estimated at US$101.5 Million in the year 2020. The country currently accounts for a 29.48% share in the global market. China, the world second largest economy, is forecast to reach an estimated market size of US$88.1 Million in the year 2027 trailing a CAGR of 5.1% through 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 5.2% and 4.4% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 4.5% CAGR while Rest of European market (as defined in the study) will reach US$88.1 Million by the year 2027.

Competitors identified in this market include, among others:

  • Genesys Aerosystems
  • Honeywell International, Inc.
  • MicroPilot Inc.
  • Rockwell Collins, Inc.

Key Topics Covered:

I. INTRODUCTION, METHODOLOGY & REPORT SCOPE

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

  • Impact of Covid-19 and a Looming Global Recession
  • Global Competitor Market Shares
  • Commercial Aircraft Autopilot System Competitor Market Share Scenario Worldwide (in %): 2018E

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

IV. COMPETITION

  • Total Companies Profiled: 35

For more information about this report visit https://www.researchandmarkets.com/r/agoqmw

Research and Markets also offers Custom Research services providing focused, comprehensive and tailored research.

Media Contact:

Research and Markets
Laura Wood, Senior Manager
press@researchandmarkets.com   

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SOURCE Research and Markets

P2 Science Appoints Daina Catanese as Marketing Specialist

WOODBRIGE, Conn., Jan. 22, 2021 /PRNewswire-PRWeb/ — P2 Science Inc., a green chemistry company, announced that Daina Catanese has joined the company to lead marketing, communications and media activities.

Catanese has experience in the fields of graphic design and marketing for consumer products companies. She comes…

WOODBRIGE, Conn., Jan. 22, 2021 /PRNewswire-PRWeb/ — P2 Science Inc., a green chemistry company, announced that Daina Catanese has joined the company to lead marketing, communications and media activities.

Catanese has experience in the fields of graphic design and marketing for consumer products companies. She comes to P2 from Kantar Consulting where she provided major multinationals in the health, wellness and beauty space with a range of innovative media content and strategies to support key brands.

«Bringing Daina onto the P2 team is a great opportunity for us to upgrade and accelerate marketing efforts around our unique technology and products for the consumer products industry,» said P2 CEO, Neil Burns. «She has the skills, experience and attitude to help us develop a state of the art communications and engagement program for customers globally.»

Catanese graduated with a BA in graphic design from the University of New Haven, where she also co-captained the women’s lacrosse team. In her spare time, she coaches youth lacrosse in Connecticut.

«It’s great to work in such an innovative and impactful company, where our products are really making a difference,» said Catanese. «I’m looking forward to being a part of this incredible journey that P2 is on to transform the nature of many consumer products with our amazing ingredients.»

Catanese is based at P2’s Woodbridge, CT facility and reports to Ryan Cheng, VP of Business Development.

About P2 Science:
P2 Science is a green chemistry company, co-founded by Professor Paul Anastas, head of the Yale Center for Green Chemistry and Green Engineering. P2 has developed and patented technologies for converting renewable feedstocks into high-value specialty products. Investors in P2 include BASF Venture Capital, Xeraya Capital, Elm Street Ventures, Connecticut Innovations, Ironwood Capital, HG Ventures and Chanel. The company started up its first manufacturing plant in September of 2018 which produces novel renewable aroma chemicals and cosmetic ingredients. For more information, visit http://www.p2science.com

Media Contact

Neil Burns, P2 Science, +1 (732) 688-9585, neil@p2science.com

 

SOURCE P2 Science