Last week, American Express Global Business Travel’s CEO pointed to Blockskye as offering something “genuinely new.” He wasn’t the first leader in Amex’s orbit to recognize the emerging player. During a Skift event in September, Amex GBT chairman Greg O’Hara referenced, without naming all the names, PwC’s decision to move its North America travel program from GBT to Booking Holdings’…
New York — First up on the agenda at The Beat Live here Tuesday was American Express Global Business Travel CEO Paul Abbott, interviewed by The Beat editor-in-chief Jay Boehmer. AmTrav CEO Jeff Klee followed with a keynote speech and then Scott Laurence, American Airlines SVP of partnerships and retailing, took a few questions. Highlights follow. Don’t put Amex GBT in…
CWT confirmed it hired Mike Koetting, who retired in early 2022 from SAP Concur after more than 11 years there. Meanwhile, Fitch Ratings on Monday said it expected CWT to get back to positive free cash flow next year. Koetting rejoined the travel management company last month as chief transformation officer, reporting to CWT president and CEO Patrick Andersen, according…
[UPDATE, Jan. 3, 2024: Travelport announced completion of the financing.] Travelport said Monday that existing equity holders and lenders agreed to invest $570 million of “new equity financing.” Expected to close by year-end, the transaction would leave Travelport with a new ownership structure, “composed of Travelport’s existing equity and credit investors, including Elliott Investment Management, Davidson Kempner Capital Management, Canyon…
Estimated reading time: 23 minutes The Global Business Travel Association’s New Jersey chapter on Nov. 9 hosted a webinar on airline distribution featuring JTB Business Travel, SAP Concur, Sabre and United Airlines. Moderated by The Company Dime‘s Jay Campbell, the discussion featured observations about the status of the New Distribution Capability, where it’s going, some of its challenges, what the…
A top choice for expense software, especially among small and midsized enterprises, Expensify has always wanted to be something more. Its founder and CEO is not afraid to take risks. In the face of strong headwinds 15 years after its inception, Expensify is putting a lot on the line with its latest concept for expensing. The approach is based on…
On Tuesday, Air Canada told corporate clients they no longer had to pay its surcharge for bookings made using traditional EDIFACT protocols, at least for the time being. The change acknowledges that the corporate travel community was not ready to adopt surcharge-free NDC channels that Air Canada initiated with global distribution system providers during the past few months. In an…
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