Posted in Distribution Risk Suppliers

Covid Cancellations Sank Original TravelPerk Flexibility Program, But With Tweaks It Endures

TravelPerk in April 2020 lost money on its flexibility program. The Barcelona-based travel management company’s FlexiPerk option had promised participating clients recovery of at least…

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Posted in Risk Suppliers

Op Ed: Mike Eggleton On How Covid-19 Could Change Airline Ticket Refunds

Airlines around the world are facing an unprecedented cash crunch, with more canceled and changed itineraries than new bookings. As a result, carriers are pushing…

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Posted in Policy Suppliers

TravelPerk’s Insurance Plan Reimagines Refundability

What business traveler doesn’t want the freedom to plan trips even when the business isn’t certain? To choose the cheapest options regardless of restrictions? To…

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Posted in Policy

When Are Refundable Fares Permitted By Policy?

Most organizations favor nonrefundable airline tickets because they’re almost always cheaper than unrestricted options. Industry data suggest corporate travelers use the lower fare classes for around 85…

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