After talking to customers, competitors and suppliers in the first phase of its examination of American Express Global Business Travel’s proposed acquisition of CWT, the United Kingdom’s Competition and Markets Authority on Aug. 30 put out a lengthy report. One conclusion was that “tech entrants,” including Navan, were ill-equipped to serve large multinational corporate customers. …
The United Kingdom Competition and Markets Authority published more details on Aug. 30 about how it arrived at the need for an “in-depth” phase in its review of American Express Global Business Travel’s planned acquisition of CWT. It also posted a timeline, with the review scheduled to terminate by Jan. 25, 2025. GBT execs aim…
TMC sourcing isn’t for the faint of heart. Nor is it for the impatient, as the sales cycle extended considerably in recent years. Providers are developing new products and services, making some customer relationships more involved. But the elongated time between an RFP and final contracts is primarily due to legal, security and IT complexities…
Since the fourth quarter of 2023, Flight Centre Travel Group’s corporate division has used artificial intelligence to categorize, prioritize (by revenue opportunity) and respond to more than half a million incoming customer emails. “Over 4,000 hours of agent time have been saved in the past quarter,” the company revealed last week. Freed-up agents can focus…
Atlanta – ExxonMobil’s internal “Do The Math” campaign aims to optimize four aspects of traveler booking behavior: online booking adoption, lowest logical fare use, advance ticket purchasing and preferred hotel utilization. The company’s communications strategy, featuring extensive use of banner ads, was one of three engagement case studies presented here during a panel discussion at…
From a 2018 baseline, Swiss Re last year cut business air travel spending in half and slashed associated greenhouse gas emissions by more than 60 percent. A lot went into those reductions, including an internal carbon price coupled with carbon budgets. A $50 billion Zurich-based provider of reinsurance and insurance, Swiss Re committed to achieving…
Similar to the traditional soft dollars made available for consulting support and the like, travel management company “tech credits” help clients adopt new technologies, customize products and services, and connect with third-party providers. They let TMCs tailor proposals, compete without offering significant rebates and strengthen client ties. Industry consultants questioned how transparently TMCs establish and…
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