The U.S. Department of Justice filed an antitrust lawsuit in the U.S. District Court for the Southern District of New York on Friday, alleging that American Express Global Business Travel’s $570 million deal to acquire CWT would harm competition for travel management services to U.S. global and multinational firms. DOJ described GBT as the largest…
[CORRECTIONS, Oct. 7: Information originally published below related to servicing capabilities in Biz+ was inaccurate. The article was revised.] Booking Holdings’ Kayak For Business small and medium-sized enterprise travel offering is coming into its own after years in the making. A bevy of features in the new “Biz+” premium level fetches $20 per trip. Biz+…
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…
On the boards of a set of 14 business travel suppliers tracked by The Company Dime, female representation doubled between 2012 and 2023 to 30 percent. One of them has a woman serving as chair, the same number in that role among the group as in 2017 and 2012. The number of female CEOs in…
The plan by blockchain company Blockskye to reinvent corporate travel processes is underway at PwC, according to sources. The accounting giant, with plenty of interest in blockchain technology for its own services, was not named in earlier coverage. Its participation has been one of the industry’s worst-kept secrets. PwC moved its travel management business in…
To achieve their retailing ambitions, airlines don’t just want to control distribution. Optimizing payments is also critical, according to some observers. Alternative models, methods and technologies that could help are in development, but the rise of rivals to the card has been predicted before. “Corporations seeking price breaks in markets where they influence load factors…
Change in the world of managed corporate travel tends to be slow. Blockskye’s project to annihilate costs in corporate travel processes has been in the works for several years and now that it’s happening, with a big assist from Kayak, it looks like a leap. Officials with the blockchain-powered travel management company startup declined to…
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