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
Posted July 20, 2015

T&T Kicks Off International Buying Spree With Stake In German Partner

In April, Travel and Transport quietly took a "large minority interest" in German travel management company and Radius Travel partner Derpart MfG Reisen, T&T president and CEO Kevin O'Malley said in an interview last week. Read More »
Posted by: Jay Boehmer | More by Jay Boehmer
Posted May 26, 2015

Product Delays Cut Into Serko Revenue Targets

Serko experienced what CEO Darrin Grafton last week called an "extraordinary growth trajectory" during its fiscal year ending March 31. Yet, the delayed release of its mobile app, slower-than-expected expense system integration and a softening demand for custom-software development left the firm short of its revenue goals. Read More »
Posted by: Jay Boehmer | More by Jay Boehmer
Posted May 7, 2015

Amadeus Booking Growth Continues To Outpace The Industry

Amadeus on Thursday reported that its share of all worldwide global distribution system air bookings during the first quarter rose 2.4 points year over year to 42.3 percent. Read More »
Posted by: Jay Boehmer | More by Jay Boehmer
Posted April 23, 2015

American Express Global Business Travel's Chérèque Talks Tech Investment

Ever since American Express Global Business Travel shifted to a joint-venture structure with a $900 million injection from investors, it's been a burning industry question: What, exactly, is the mega going to do with all that cash? Read More »
Posted by: Jay Boehmer | More by Jay Boehmer
Posted February 27, 2015

Amadeus Expects GDS Marketshare Gains To Continue In 2015

Amadeus claimed it processed during the fourth quarter of 2014 42 percent of all global distribution system bookings, raising its quarterly worldwide market share 1.4 percentage points from the last three months of 2013. Read More »
Posted by: Jay Boehmer | More by Jay Boehmer
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