A specialized agency providing comprehensive travel services to businesses, including booking, policy compliance, expense management and reporting.
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To gain approval from U.K. regulators for the proposed American Express Global Business Travel acquisition of CWT, the companies suggested ending exclusivity for CWT’s network partners, capping fees for existing customers, committing to service levels and maintaining minimum investment in their business travel offerings. GBT and CWT also said they would divest “certain CWT global…
Solutions Travel, the Spotnana-powered travel management company backed by Options Travel and founded by industry veteran Mark Walton, is anticipating profitability next year, just two-odd years after its launch. The company recently hired seasoned pros for its leadership team and expanded its multinational network, including one partner that invested. In an interview/demo this week, a…
The pandemic era’s geopolitical tensions caused concern among economic globalization advocates. Despite rising nationalism and efforts to reduce reliance on global supply chains, new data shows the appetite for consolidated global travel management remains strong. Corporates say they’re not going back. “There is a clear trend toward consolidation,” according to the United Kingdom’s Competition and…
American Express Global Business Travel this week told investors that fraudsters had targeted it using deepfake impersonation technology. Impersonators have targeted travel agents and others in the corporate world to access payment, travel and personal information for years. Using AI for it is what’s relatively new. GBT CTO David Thompson called such attacks the “same…
Serko aims to reach 250 New Zealand dollars ($150 million) in total income by fiscal 2030, up from $46 million in its most recent fiscal year, which ended in March. About half of this growth is expected to come from its online booking tool portfolio, including the Zeno platform and the pending GetThere acquisition. Next…
Amadeus named Decius Valmorbida president of its travel unit in August 2020. A native of Brazil, Valmorbida originally joined Amadeus in 2004 and has been a member of its executive committee since 2017. He spoke on Tuesday with The Company Dime during a live interview on the LinkedIn Audio platform. Among other topics, he responded…
Corporate Travel Management is floating a $5 fee on hotel transactions that don’t generate commissions for the travel management company, according to sources. They did not know whether such a fee would apply to all or hotel-only transactions, online or offline bookings, or existing or new clients. The program could differ by geography. An official…
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