Neil Irwin is a senior economics correspondent for The New York Times, where he writes for The Upshot, a site for analysis of politics, economics and more. His March 16 article is republished here with permission as part of our licensing program. We welcome your comments below. The 21st-century economy has been a two-decade series…
The Travel Again initiative is gaining steam as travel industry associations endorse its framework for recovery. Meeting Professionals International in February and the National Limousine Association this month announced support for the framework’s priorities and recommendations. On Tuesday, leaders from Travel Again and 18 other industry groups including GBTA held a roundtable discussion to keep…
Travel management company owners who sell their companies in the near future will be fortunate to get half of what they could have earned pre-Covid, according to experts in consolidation speaking last week during a Teleconference call. While the extent to which clients stick around could be a bigger determinant than in the past on…
[UPDATE, April 27, 2021: The U.S. Government Accountability Office on April 15 denied a CWT protest of the decision.] The massive continental U.S. portion of the U.S. Army’s travel program will move to BCD Travel from CWT if the latter’s protest of an award completed in September fails. CW Government Travel Inc., doing business as…
Tickets issued by corporate travel agencies last week were down 85.7 percent year over year. It was a slight improvement on the week before, continuing a modest trend. Speaking last week during a Teleconference call, ARC president and CEO Mike Premo shared his “marketing spin” that corporate travel grew by more than 50 percent during…
With no one conducting in-person corporate events, the industry calendar is filled with webinars and other virtual programming. No one can listen to it all. Nor should they want to; many are beset by technical difficulties or stray too far into supplier marketing. But plenty deliver education for travel management pros and enable networking, benchmarking…
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 entities also are stepping up. Travel and Transport, for example, reached out to federal representatives from a dozen states to explain the dire state of travel management companies. “A tremendous…
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