Downtime is nice, but are we getting enough done on trips? In its quest to maximize business travel productivity, one Germany-based startup is pulling from themes in pre-trip approval, return on travel investment and the pandemic- and sustainability-driven emphasis on fewer but longer excursions. Called Tagtu and founded in 2021 by business travelers from outside the industry, the bootstrapped company…
The venture capital-backed startup basket of the economy is a bit unsettled at the moment but that’s where card and business software firm Brex puts most of its eggs. It’s now competing for that market with a business travel service backed by…
AmTrav CEO Jeff Klee is getting frustrated by tokenism and perfunctory action when it comes to sustainability and corporate travel. On the 2022 business travel conference circuit, sustainability and purposeful travel were all the rage. Panelists at events large and small touted…
Domestic U.S. airfare growth has moderated and there’s potential for the same in some long-haul international markets. Any company with an appreciable volume of international air travel should see it as a high-value area for spend management. According to Advito, January bookings as of last week for business class tickets to and from North America showed 11 percent higher fares…
Before the pandemic, American Airlines crowed about adding to its sales force and growing market share in corporate travel. Conditions have changed. Both corporate travel and airline capacity growth are depressed. Improving profitability and paying down debt are top priorities. After cutting back last year on…
[UPDATE, Jan. 26, 2023: This article did not properly describe ARC’s Direct Connect initiative; its definition is updated below.] We start with some good news. ARC president and CEO Lauri Reishus told attendees to The Beat Live in December that the pandemic…
Researchers again found virtual communication offers “limited” capacity to replace face-to-face meetings. But with support for predicted reductions of between 20 percent and 30 percent in business travel volume due to trends accelerated by the pandemic, they argued that understanding how businesspeople choose between travel and virtual “has become urgent.” Researchers at the University of St. Gallen in Switzerland between…
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