If you tuned in to an American Express Company investor call six years ago, you heard about a vintage brand dramatically cutting costs to help profits. Now, strong growth with younger generations and a significant lead over competitors in the small and medium-sized enterprise card market have Amex predicting double-digit revenue growth for the foreseeable future. Investors are thrilled. But…
Travel management and tech provider Atlas Travel & Technology Group of Massachusetts last year became the first U.S.-based TMC to be designated as a Certified B Corporation. What’s that? According to B Lab, the 16-year-old nonprofit that runs the certification program, a B Corp is “meeting high standards of verified performance, accountability and transparency on factors from employee benefits and…
The Global Business Travel Association is “in the process of reviving” its foundation, a press official confirmed. Established in 1989, the GBTA Foundation focused on providing education and research before going dormant a few years ago. In its refreshed form, it will house “sustainability/ESG and education-related initiatives,” according to the spokesperson. Announced in January as SVP of sustainability at GBTA,…
As fuel costs increase, travel buyers may want to revisit and refresh their car rental policies, negotiations and traveler communications. Corporate travel policies typically recommend or require travelers to fill up before dropping off rentals. When car rental companies do the refueling, the rate may be as much as a few dollars more per gallon, but that can be negotiable…
Critical event management specialist Everbridge on Thursday responded to an activist investor calling for its sale by saying it would pause “material” acquisitions, accelerate internal integrations and simplify its products. A press official did not offer details on the impact such moves could have on travel risk management firm Anvil Group, which Everbridge bought last year for about $161 million….
As remote-work models become increasingly popular, fewer of employees’ sustainability effects, including impacts from travel, are likely to take place under employers’ physical roofs. But they will still occur on their watch. Making work from home sustainable requires doing more than calculating a simple commute trade-off, according to Ganga Shreedharis, Kate Laffan and Laura M. Giurge, assistant professors of behavioral…
To kick off his company’s conference broadcast from New York on Tuesday, J.P Morgan airline analyst Jamie Baker mentioned “unrelentingly robust current demand trends and the success that the industry is currently having in putting higher fuel prices to customers in the…
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