Posted in Policy Reporting 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…

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Posted in Risk Suppliers

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….

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Posted in Careers Risk

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…

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Posted in Careers Risk Suppliers

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…

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Posted in Risk Suppliers

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…

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Posted in Risk Suppliers

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…

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Posted in Careers Risk Suppliers

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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