After announcing a temporary suspension of physical operations, the Association of Corporate Travel Executives on Wednesday revealed that it would be no more.

"It is with broken hearts that we must announce that we are filing for Chapter 7 bankruptcy and ACTE has ceased operations," the organization's board wrote in a message dated July 7. "The dual impacts of the cancellation of the Asia conference due to the security situation in Hong Kong and the Covid-19 pandemic cancellations have been blows that ACTE, as a small, non-profit association, has not been able to withstand . . .

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