Posted February 3, 2005 - New York City

Sabre Boosts Earnings, Knocks Perceived Threats

Sabre Holdings executives today updated their commentary on perceived threats to Sabre's global distribution system and Travelocity businesses while discussing the company's improved year-over-year earnings and revenues. Sabre reported fourth-quarter net earnings of $21 million versus a $14 million loss a year earlier. Thanks largely to 30 percent higher revenues at Travelocity of $126 million, the company enjoyed 6 percent higher overall revenues of $496 million. Read More »
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Posted February 1, 2005 - New York City

Amex May Review Financial Disclosures After Spin-off

Industry observers and participants will have to wait and see whether today's announced spin-off of American Express Financial Advisors will alter disclosures of financial details on the company's Travel Related Services division, which encompasses American Express Business Travel. Read More »
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Posted February 1, 2005 - New York City

Navigant: Prices Stabilizing, But Don't Expect Better Margins

Navigant International executives today said that although margins remain under pressure in the travel management business, corporate travel demand is picking up, transaction pricing is stabilizing and the company is equipped to handle midmarket clients' online transaction growth. Meanwhile, they voiced skepticism about so-called global distribution system alternatives. Read More »
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Posted January 31, 2005 - New York City

Acquisitions Boost CWT's '04 Top Line

Carlson Wagonlit Travel last year grew revenues 6 percent to $1.2 billion, partly driven by acquisitions of Maritz Corporate Travel in St. Louis, ONboard in Germany and Protravel in France. Revenues rose in Europe by 7 percent to $772 million, fell in Canada and the United States by 1 percent to $314million and grew 13 percent in other countries to $118 million, based on financial figures issued last week by CWT half-owner Accor. Read More »
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Posted January 31, 2005 - New York City

Hotel Direct Biz Grows As TMCs Lag

Revenue growth on Hilton Hotels' brand websites more than tripled the rate of third-party websites in the fourth quarter of 2004, according to Hilton officials speaking on a conference call today. Its own sites delivered 85 percent of Hilton's Internet bookings, which represented 15 percent of total Hilton reservations. Read More »
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Posted January 27, 2005 - New York City

Most TMCs Cautious In GDS Comments

Travel management companies say they will expand booking channels where they must on behalf of clients, but most are cautiously approaching new connections with airlines following landmark meetings last week with United Airlines in Chicago. Read More »
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Posted January 27, 2005 - New York City

Amex Defends GDSs

American Express vice president of global distribution Michael Qualantone today defended the existing distribution infrastructure while criticizing new offers from G2 Switchworks and ITA Software. The two companies have positioned themselves as alternatives to the global distribution systems provided by Amadeus, Cendant, Sabre and Worldspan.

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Posted January 21, 2005 - New York City

FEATURE: Carriers To Learn How Fares Stimulate Demand

With simplified fare structures taking hold at major network airlines, many pricing managers for the first time will have to learn about the relationship between price and demand. Meanwhile, even business travelers who are willing to pay extra probably will have a harder time getting a last-minute seat. Read More »
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Posted January 20, 2005 - New York City

Sabre Slams New Entrants

New entrants in the global distribution system space 'do not provide comprehensive travel management solutions and are not focused on the success of agencies, corporations and airlines,' according to Sabre Holdings Corp. Read More »
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Posted January 20, 2005 - New York City

United Pulling Money Out Of 'GNE' Bottle

United Airlines is preparing to offer a per-ticket incentive of up to a $5 to travel management companies that begin using such global distribution system alternatives as G2 Switchworks and ITA Software. The offer is not permanent, but rather is designed to help TMCs ease into using what United calls GNEs, or GDS new entrants. Read More »
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