Expanding Client Base Bags Inc. has long-standing partnerships with major airlines, cruise lines, and luxury hotels, providing a stable foundation for upselling additional travel management solutions or technology enhancements tailored to the hospitality and transportation sectors.
Recent Contract Changes The upcoming end of the valet contract at Walt Disney World suggests an opportunity to offer alternative or supplementary mobility and baggage solutions to Disney resorts or similar large-scale hospitality venues facing contractual transitions.
Investment in Assets The recent $5.5 million property investment indicates potential expansion or upgrading of physical infrastructure, opening avenues for offering related technology systems, logistics, or property management solutions to support their growth.
Industry Leadership Having been acquired for $275 million by a national parking conglomerate and serving large clients like Delta, Bags Inc. presents an opportunity to cross-sell integrated parking, baggage handling, and travel logistics services to other transportation and hospitality companies.
Technology Utilization With a tech stack including AWS and proprietary systems like Kronos, there is potential to introduce advanced analytics, automation, or IoT-enabled baggage management solutions to streamline operations and improve customer experiences for their extensive client portfolio.