American Express Global Business Travel, BCD Travel and other large travel management companies banded together and engaged Monument Advocacy, a Washington lobby group. They want their voices heard and concerns aired as the government crafts rescue packages for businesses laid low by the pandemic. New projections put the travel industry’s recovery timeline at 12 months…
The International Air Transport Association plans to hold virtual meetings with governments and other stakeholders as soon as this month to kickstart coordination on health screenings and travel restrictions. The outcome would have implications for travel management programs in terms of communications with travelers and pre-trip authorization processes. During an April 7 press briefing, IATA…
It’s unfortunate when an event requires an emergency review of tracking systems so employers can help business travelers out of harm’s way. Worse yet is when they can’t trust those systems. With the glut of cancelations this month, false reports showed travelers at originally intended destinations when they never made the trip. This isn’t good…
Travel suppliers are reeling from the coronavirus outbreak. Many executives feel the reaction is overblown, but there’s not much they can do. Industry professionals are working on operational responses. They’re enabling support staff to work from home and considering whether force majeure clauses apply to failed contracts. As with previous shocks to the business travel…
A U.S.-based, multinational retailer with a household name has banned all international travel to reduce risk from the spread of the coronavirus (COVID-19). Other organizations have suspended most or all travel in and out of the most heavily affected areas, which now include Italy, South Korea and Japan as well as China. So far this…
Coupa acquired Yapta, the thirteen-year-old hotel and airfare price assurance firm named for “Your Amazing Personal Travel Assistant.” Yapta had raised more than $25 million between 2007 and 2015, including several million from SAP Concur and $2 million from Amadeus Ventures. Evercore ISI equities analyst Peter Levine made a “very rough” estimate for the value…
In a move that opens up opportunities for risk management and communications firms, SAP Concur is sunsetting its TMC Messaging service. The company declined to offer details; multiple industry sources conveyed knowledge of the plan, shared with customers during the past few months. With TMC Messaging, travel management companies can locate travelers and communicate with…
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