The steady stream of sustainability-related announcements this year became something of a deluge from all corners last month. It’s not only travel suppliers looking to enhance their green credibility. In growing numbers, corporate buyers and program managers appear ready to walk the walk. Click through to read about the latest corporate travel cutbacks from green-minded…
Executing an acquisition or merger can be tricky, and there have been several in the corporate travel space recently. Katharine Farrell of the Dots & Lines consultancy looks back at previous examples of brand consolidation in the industry and contemplates the pros and cons. May was an interesting month for the corporate travel industry. The…
No surprise here: Travel management companies are consolidating. The No. 14 company on Travel Weekly’s 2020 list of top leisure and corporate agencies, Houston-based Frosch International Travel agreed to acquire CorpTrav, according to sources. Two industry veterans familiar with the companies discussed the deal on the condition that they not be identified, since they were…
What’s “essential” business travel? The corporate travel profession has always struggled with this and the answers have changed over time. Some organizations traditionally defined it as customer-facing trips. Others saw it more narrowly as revenue-generating. Or, more practically, it could have meant travel required to do the job. Think product installation and repair, and other…
In the early days of the crisis, travel departments worked closely with risk and security. They still do, but in many organizations, human resources departments now are front and center. Their line to the C-suite is short, and sometimes corporate travel is in tow. Collaboration among these and other departments will be crucial for a…
Some corporate travel operations have moved from crisis mode to a more strategic phase. With virtually no business travel activity underway, everyone will be there soon enough. There’s plenty to do. According to industry consultants and travel buyers, managers can find opportunities to add value in areas including supplier relations, policy management and digital transformation….
Frosch International Travel acquired TCG Consulting, for the first time enabling the travel management company to offer advisory services. More than 50 employees will join Frosch, officials said. They did not expect the consulting unit to work on as many TMC bids as it did before the acquisition, but TCG founder and CEO Albert Taras…
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