Spend management company Coupa added more travel tech to its portfolio, acquiring business travel app builder ETA Inc. ETA co-founder and CEO Choon Hong Peck on Friday informed The Company Dime of the transaction, indicating that he was unable to disclose additional details. Contacts at publicly traded Coupa have not responded to requests for comment….
[UPDATE, May 8, 2020: Sabre opted not to pursue financial relief via the CARES Act loan program for the aviation industry. Following a $1.1 billion capital raise in mid-April and plans to cut $325 million in costs, “we believe our current liquidity is sufficient for more than a year and a half, even in a…
Southwest Airlines expects next quarter to add virtually all its fares and inventory to Travelport’s Apollo and Worldspan global distribution systems, in accordance with its August announcement about expanded GDS participation. Amadeus and Travelport’s Galileo will get equivalent feeds later this year. Sabre is TBD. “We are no longer having conversations regarding full participation within…
After Travelport declined to comment for a Jan. 22 article about rationalizing its core systems, the company’s board approved funding for that purpose. Travelport then made its CEO available to industry media. Asked last week what he meant by some comments in the published interviews, Greg Webb threw his predecessors under the bus. According to…
Wilmington, Del. — Global distribution systems dominate indirect air travel distribution because travel agencies don’t want it another way. So it’s not unexpected to find that a new initiative like moving to XML-based connectivity under NDC takes a long time. So says an award-winning economist who has studied the travel distribution market for about a…
Trial testimony by CWT president and CEO Kurt Ekert proved instructive for anyone looking to understand travel management company dependence on global distribution systems. There was no elephant in the courtroom on the payments GDS firms make to TMCs. Ekert acknowledged that in 2018, GDS companies paid CWT incentives totaling roughly $155 million, about 10…
BCD Travel is paying Microsoft about $20 million for a multi-GDS search and booking desktop system that also could help agents manage bookings made outside the global distribution systems. The travel management company a decade ago retired a similar initiative after airlines patched up their differences with GDS providers. The ultimate cost of the project…
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