Travel management company owners who sell their companies in the near future will be fortunate to get half of what they could have earned pre-Covid, according to experts in consolidation speaking last week during a Teleconference call. While the extent to which clients stick around could be a bigger determinant than in the past on…
Tickets issued by corporate travel agencies last week were down 85.7 percent year over year. It was a slight improvement on the week before, continuing a modest trend. Speaking last week during a Teleconference call, ARC president and CEO Mike Premo shared his “marketing spin” that corporate travel grew by more than 50 percent during…
Along with travelers and budget holders, corporate travel managers hold the keys to business travel industry recovery. Among three companies represented on a Sept. 24 Teleconference call, Anaplan was hardly traveling and iRobot and Jabil were traveling some. Their veteran travel managers found it interesting that their value within the organizations grew even after volumes…
Mike McCormick stayed behind the scenes since he left the Global Business Travel Association in April 2019. During a Thursday interview, he shared some details about two initiatives he’s working on to help with industry recovery. McCormick played it diplomatically when asked about GBTA’s controversies, but offered some color about how the association works and…
[UPDATE, 2021: We once again put the Teleconference on hiatus, but you can review past episodes here.] Collaborating internally and externally, interpreting market signals and embracing change are critical aspects of business resiliency, according to Harvard Business Review. Business information is about all that, too. At The Company Dime, our mission to provide insight and…
A trio of industry consultants took time out this month to join The Company Dime’s Jay Campbell and assess strengths, weaknesses, opportunities and threats for a quintet of business travel startups. In general, they said, this crop has good prospects. Below are summaries of comments by Twelve Squared Growth’s Mitch Gross, Festive Road consultant Aurélie…
The question of what’s logical in a lowest logical airfare policy has always had more than one answer. There’s much more now for program managers to think about than when such policies came into vogue in the late 1990s. In general, the lowest logical airfare is the cheapest available at the time of booking that…
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