With business travel recovery accelerating faster than most projected a few months ago, American Express Global Business Travel expects to ratchet up revenue generation and earnings. In what is likely its last quarterly earnings report before becoming a public company, GBT on Tuesday pointed to solid trends among large clients and for international travel. “Smaller…
As corporate travel event organizers and information providers continued to highlight Diversity, Equity and Inclusion, the needs of travelers with disabilities this year came to the fore. The BTN Group this summer ran an online event diving into the challenges of accessibility in travel. The topic found its way to other trade publications and one…
Pundits are kicking around when and whether business travel will recover, but the pivotal question is how. It’s all about cooperation. Teamwork has had mixed success this year at the industry and federal levels. Days away from the psychological clean slate of 2021, Mike McCormick’s Travel Again released a framework for recovery. Backed by the…
GBTA announced it completed its acquisition of certain assets of the Association of Corporate Travel Executives, which filed for Chapter 7 in June. The U.S. Bankruptcy Court overseeing ACTE’s case approved the sale on Nov. 16. GBTA appointed to its board two former ACTE board members: American Airlines chief customer officer Alison Taylor and Tesla…
Analysts at S&P Global Ratings do not expect travel management companies to re-establish pre-pandemic earnings until 2023. The credit rating agency made the note in a review last month of $400 million in new financing obtained by American Express Global Business Travel, which GBT CEO Paul Abbott addressed during a Monday interview. “TMCs are affected…
Industry veterans Mike McCormick and Ed Silver plan Tuesday to launch an advocacy group to help facilitate business travel’s return. “When I look at all the collective industry recovery efforts to date, I see so much well-intentioned activity,” McCormick said in a video posted online. “Unfortunately, I think we would all agree that we are…
For the United States and large Latin American countries, progress on containing the virus and reopening economies has been spotty. With absolute infection rates mostly down from peak levels, governments are looking to ease some restrictions, including those limiting commercial airline flights. The effect of those changes will be minimal, according to WorldAware. The U.S….
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