Posted May 25, 2017

Reed & Mackay Expands Through M&A And Partners, Private Equity At Its Back

In August 2016, private equity firm Inflexion invested in London-based travel management company Reed & Mackay to drive organic growth, fund acquisitions and expand internationally. In the months that followed, the TMC made good on a couple of agency deals, including the acquisition of Chicago's Gray's Travel Management, and has more in the pipeline. Reed & Mackay also recently repositioned its network of international TMC partners and plans closer cooperation with them. Read More »
Posted by: Jay Boehmer | More by Jay Boehmer
Posted May 11, 2017

Travel And Transport Buys U.K.-Based Statesman Travel

Travel and Transport has acquired London-based travel management company Statesman Travel Group. Read More »
Posted by: Julie Sickel | More by Julie Sickel
Posted April 11, 2017

Direct Travel's Largest Deal Yet Shows Global Ambitions

Announcing a merger agreement Monday, U.S.-based travel management company Direct Travel and Canada's Vision Travel took "the first step towards a shared strategy to build a global company." Read More »
Posted by: Jay Boehmer | More by Jay Boehmer
Posted April 3, 2017

Radius Enlists Leisure-Focused mTrip For Multinational App Development

Global travel management company network Radius Travel has signed a partnership with Montreal-based mobile services provider mTrip to build an app for multinational clients of Radius. Read More »
Posted by: Amon Cohen | More by Amon Cohen
Posted December 2, 2016

Lufthansa Angers Travel Agents Over Debit Memos On Unflown Returns

Some Dutch travel agents are refusing to accept what they said is a flurry of agency debit memos Lufthansa has issued in recent weeks on round-trip tickets where the return leg was unused by the passenger. Read More »
Posted by: Amon Cohen | More by Amon Cohen
Posted November 2, 2016

Saudi-Backed Company Buys Major Radius Shareholder Portman To Move International

Saudi-owned travel company Mawasem Travel & Tourism has bought United Kingdom-based Portman Travel, one of the three major shareholders in global travel management company network Radius Travel. Read More »
Posted by: Amon Cohen | More by Amon Cohen
Posted October 27, 2016
Dara Khosrowshahi

INTERVIEW: Expedia Inc. CEO Dara Khosrowshahi

In a keynote address on innovation at The Beat Live last week, Expedia CEO Dara Khosrowshahi discussed how the pace of innovation is accelerating, how experimentation and collaboration nurture innovation and how "perfect is the enemy of innovation." Along with that, he shared a philosophy on the virtue of making "small bets" in various areas versus making "big bets" in one or two. Following his address, Khosrowshahi took the stage to field questions on innovation, the corporate travel market and Expedia's bets—big and small—in travel. Read More »
Posted October 3, 2016

IATA Reviews BSP Sales Cap After Agent Backlash

The International Air Transport Association is reviewing plans to cap sales for travel agents through its Billing and Settlement Plan after encountering strong opposition from various agency associations. The cap, known as Remittance Holding Capacity, was one pillar of a major BSP overhaul. While the cap is on hold, three other pillars of the overhaul were adopted at IATA’s Passenger Agency Conference in Singapore last month. Read More »
Posted by: Amon Cohen | More by Amon Cohen
Posted July 1, 2016

GDSs Hold Firm To Guidance In Wake Of Brexit Vote

Each of the three major global distribution system operators during the past week have reaffirmed their 2016 outlooks in the wake of the United Kingdom's referendum to leave the European Union. Read More »
Posted by: Jay Boehmer | More by Jay Boehmer
Posted August 27, 2015

Riding Corporate Strength, CTM And Flight Centre Take Different Paths To Record Fiscal Years

Fueled by a flurry of acquisition activity, travel management company Corporate Travel Management on Wednesday reported significant growth in transaction volume, revenue and earnings for its fiscal year ending June 30. More established and much larger, travel agency conglomerate Flight Centre also reported a record fiscal year ending June 30—but "without significant acquisitions," it reported. Both Australian agency operators saw strength in the U.S. corporate market and claimed client wins there. Read More »
Posted by: Jay Boehmer | More by Jay Boehmer
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