Posted in Risk Suppliers

Coronavirus Changes View Of Recent Acquisitions, Muddles Forecasts

Coupa execs on Monday confirmed it bought Yapta for about $100 million, but said the new property would underperform relative to original expectations. Wex acquired…

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Posted in Risk Suppliers

What We’re Seeing Is Unprecedented, But ‘Ignore’ The Notion That Corporate Travel Is Uniquely Altered

For a while, there was some debate as to whether the crisis now facing travel businesses is worse than what they went through after the…

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Posted in Negotiating Suppliers

As Rates Fall, Corporate Travel Buyers And Hoteliers Go Back To The Table

Hotel average daily rates took a hit in many markets over the past couple of weeks as cancelations rolled in. That means deals for those…

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Posted in Careers Risk Suppliers

Travel Management Companies Cut Jobs In Face Of Coronavirus Impact On Corporate Travel Demand

Multiple corporate travel agencies said they had made the difficult decision to lay off employees as a result of the coronavirus-related drop in corporate travel….

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Posted in Distribution Suppliers

Southwest ‘Still Evaluating’ TMC Strategy Ahead Of Expanded GDS Participation, Expected By June

Southwest Airlines expects next quarter to add virtually all its fares and inventory to Travelport’s Apollo and Worldspan global distribution systems, in accordance with its…

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Posted in Policy Productivity Risk

HR Survey Finds That Productivity Impacts From Coronavirus Are Mostly Small

[UPDATE, March 19, 2020: In a survey this week, ic4p’s results were quite different. Ninety-six percent of 518 HR respondents said the coronavirus had impacted…

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Posted in Distribution Suppliers

Travelport’s Webb: Prior Management Was ‘Picking Around The Edges Without Solving The Bigger Issue’ Of Consolidating Tech

After Travelport declined to comment for a Jan. 22 article about rationalizing its core systems, the company’s board approved funding for that purpose. Travelport then…

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