Posted October 22, 2004 - New York City

GDS Fee Dispute 'Not Over'

Northwest Airlines 'has flatly refused to agree that it will not resurrect' its controversial global distribution system fees, according to a court filing by Sabre Holdings. 'This dispute is not over,' wrote Sabre's attorneys as they continued to debate with Northwest's over jurisdiction in Minnesota and Northern Texas courts. Read More »
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Posted October 21, 2004 - New York City

Cendant Pans Aer Lingus, Reports Q3

Cendant's Travel Distribution Services division in the third quarter enjoyed 46 percent year-over-year growth in online transactions including a 39 percent boost in online gross bookings through the Galileo International global distribution system. A move by Aer Lingus to exit the GDSs in Ireland as well as labor troubles at Alitalia helped reduce overall Galileo transactions by 2.8 percent and international TDS transactions by 4.4 percent, but TDS transactions grew 0.6 percent in the United St Read More »
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Posted October 18, 2004 - New York City

Navigant Shows A Turning Point

The impact of online travel agencies in the corporate market is severe and traditional travel management companies that fail to reorient themselves will suffer, according to corporate-travel experts speaking today about a profit warning issued Thursday evening by Navigant International. Read More »
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Posted October 15, 2004 - Boston

Navigant Shares Hammered On Warnings

Shares in Navigant International fell more than 20 percent to $13.35 by midday after the company last evening issued downwardly revised earnings estimates for the third and fourth quarters. Read More »
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Posted October 14, 2004 - Boston

Amex To Combine Online, Offline In Global Restructuring

American Express Business Travel earlier this week revealed plans to combine its online and offline divisions as part of a global restructuring that involves undisclosed cost reductions. Read More »
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Posted October 13, 2004 - New York City

BTI Signals Single Ownership

The owners of Business Travel International on October 6 confirmed in a statement to corporate customers that 'joint discussions aimed at identifying opportunities to further consolidate their corporate travel interests are ongoing.' Cryptic as it was, the official statement was the strongest signal yet about plans to bring the worldwide organization under single ownership. Read More »
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Posted October 12, 2004 - New York City

Marriott Sees Higher Corp. Rates, Shifting Booking Patterns

Marriott International late last week said more than 85 percent of managed North American properties are quoting higher rates than last year, with more than 55 percent raising corporate rates by at least 10 percent. Among the 15 percent of properties that have failed to raise rates, most are in the South Central or Midwest regions, said executive vice president and CFO Arne Sorenson. Read More »
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Posted October 11, 2004 - New York City

Navigant Rises On Acquisition Speculation

Buying a corporate travel management company 'would be the most prudent decision for both Cendant and Sabre,' according to Legg Mason analyst Tom Underwood, who today raised his rating to 'buy' and his price target to $25 on shares of Navigant International. Referring to the current valuation of Navigant, whose shares today opened at $16.55 and rose to $17.45 by midmorning, Underwood told investors that 'we think the time is approaching for the global distribution systems to enter the large corp Read More »
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Posted October 11, 2004 - New York City

Old, New Approaches Open China's eLong To Corp. Travel

Beijing-based eLong last week filed with the Securities and Exchange commission for an initial public offering on the NASDAQ that could raise as much as $68 million for the online travel agency, which is part-owned by Expedia parent InterActiveCorp. Unlike archrival Ctrip.com, whose shares are above $40 after opening at $24 on the same exchange in December 2003, eLong is diving straight into China's corporate travel marketplace. Read More »
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Posted October 7, 2004 - Newark, N.J.

JetBlue Expanding Biz Booking Links

JetBlue Airways and Expedia Corporate Travel are in talks to facilitate online bookings between them. Currently, ECT agents must phone JetBlue to make reservations, generating a higher transaction fee for clients. Read More »
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