“Green shoots” are nice but transaction counts for most travel management companies as of last week remained between 3 percent and 15 percent of last year’s levels. Emotionally, that is a million times better than cancellations outstripping bookings. TMCs are seeing gains every week. More than a dozen of their executives speaking with The Company…
Readers, please note our Disclosure about conflicts of interest at the bottom of this article. [UPDATE, July 10, 2020: GBTA officially cancelled its 2020 convention, which had been rescheduled for November in Denver. The next convention is scheduled July 17-21, 2021, in Orlando.] Amid dwindling chances of holding this year’s Global Business Travel Association convention…
Analysts at Fitch Ratings expect business travel volumes to return to pre-pandemic levels around 2023 or 2024 following a “moderate recovery in travel demand beginning in 2021, with revenues in 2021 roughly 20 percent below 2019 levels.” The credit rating agency slightly downgraded its assessments of CWT’s credit risk and affirmed a negative rating outlook….
Questions about where people have been, whom they’ve seen and how they’re feeling are becoming commonplace. So are mobile apps that track potential coronavirus exposure. Contact tracing has taken on greater prominence in recent months as society copes with Covid-19. As with physical health screenings, there are data privacy concerns and travel management considerations. Health…
A few years ago, Cornerstone Information Systems CEO Mat Orrego wrote the first installment of this editorial. From his perspective, recent events have illustrated some exceptional, successful cases of the kind of problem-solving in action that he had discussed. For some, according to Orrego, it’s now about pivoting or perishing. This pandemic has forced us…
“When I don’t know the answer, I might ramble on.” The humble comment during a webinar last week by a leading thinker on corporate travel management, Microsoft’s Eric Bailey, also describes the entire profession these past few weeks. Countless webinars and conference calls allowed folks to stay connected — itself a vital thing. But while…
Altour chief risk officer John Rose has spoken on 36 webinars since the novel coronavirus outbreak. A former U.S. Marine, Rose’s mission is to eliminate complacency, ignorance and misinformation. After the military and before joining the travel agency in 2018, Rose was a program director for the U.S. Department of Defense in Italy, president of…
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