A little over a year ago, as the pandemic ramped up, five of the largest corporate travel management companies banded together and hired a Washington lobbying firm. They wanted to ensure their sector’s plight was understood by lawmakers debating early relief packages. Now focused on easing international travel restrictions, the effort recently welcomed two more…
Read on for the latest industry discussions about digital passports, dynamic hotel pricing and TMC relationships. Providers of so-called digital health passports continue to add partnerships with airlines, airports and other entities to ease international travel. Starting with verifiable, negative Covid test results, the systems now are working to add proof of vaccination. Air transport…
Under Delta’s new, three-year full content agreement with Sabre, the airline will pay the global distribution system provider more for bookings that bring in more revenue and less for those that don’t. They claimed an industry first and said corporate travel buyers who want access to the lowest fares would continue to have it. The…
The planned acquisition by American Express Global Business Travel of Egencia has multiple implications depending on the party in question. For GBT, it’s about scale, particularly in the online midmarket. GBT has long coveted this segment, which has a fresh batch of well-funded competition. The deal will avail GBT’s big corporate accounts of more attractive…
CWT on May 1 will hand the reins to Michelle McKinney Frymire, CFO of the travel management company since 2019. She’ll replace CEO Kurt Ekert, who will become a senior advisor. A press official said the transition, announced on Tuesday, was not unexpected and followed an organizational restructuring last fall. At that time, CWT elevated…
The share of business travel bookings made online by travelers relative to phone or email with an agent fell for many entities in 2020. It seems that in a crisis, many humans trust humans more than machines to have the latest info. Technologists and travel management companies are working on ways to help resume growth…
[CLARIFICATIONS, March 23, 2021: BCD Travel and Sammit Khanndeparkar of Springer Nature provided additional information to help the reader’s understanding of the developments covered in this article. Firstly, while Springer in 2019 spent nearly $40 million annually on travel and entertainment in 75 countries, BCD Travel’s portion of the account represented about $11 million and 11…
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