Category: Risk
Coronavirus Exposes Weaknesses In Business Traveler Tracking
It’s unfortunate when an event requires an emergency review of tracking systems so employers can help business travelers out of harm’s way. Worse yet is…
CWT Parent’s Debt Rating Falls Amid Uncertainty, Demand Crunch
Moody’s Investors Service last week issued a detailed update of its March 12 downgrade on the debt rating for Carlson Travel Inc., owner of CWT….
GBTA Throws Its Lot In With ASTA, Ground Transport Groups To Seek Relief
The Global Business Travel Association lent its support to the American Society of Travel Advisors as industry groups press Washington for financial aid. Some individual…
Christopherson Business Travel Cuts Half Of Staff As Travel Industry Staggers
[UPDATE, March 19, 2020: Christopherson Business Travel provided additional details on the cost cuts. The company let go half of 270 employees. “Our plan is…
Coronavirus Changes View Of Recent Acquisitions, Muddles Forecasts
Coupa execs on Monday confirmed it bought Yapta for about $100 million, but said the new property would underperform relative to original expectations. Wex acquired…
What We’re Seeing Is Unprecedented, But ‘Ignore’ The Notion That Corporate Travel Is Uniquely Altered
For a while, there was some debate as to whether the crisis now facing travel businesses is worse than what they went through after the…
Travel Management Companies Cut Jobs In Face Of Coronavirus Impact On Corporate Travel Demand
Multiple corporate travel agencies said they had made the difficult decision to lay off employees as a result of the coronavirus-related drop in corporate travel….
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