Posted February 14, 2005 - New York City

Hertz Adds Res Fee

The Hertz Corporation late last week informed customers about a new $2.50 reservation-processing fee that applies to all rentals booked domestically for use in all but a handful of states. While there are eight states where laws prohibit such a fee, California law permits it on corporate rentals only. The fee does not apply to walk-up rentals. Read More »
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Posted February 11, 2005 - New York City

GDS Challengers Debate On Panel

Representatives of G2 Switchworks and ITA Software yesterday shared some details of their forthcoming technologies while participating in a lively discussion, centered on their emergence, at a meeting in Virginia of the Society of Government Travel Professionals. Read More »
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Posted February 11, 2005 - New York City

Pegasus In Hotel Booking Deals With Expedia, ITA Software

Dallas-based Pegasus Solutions has landed new deals to provide hotel booking connectivity to Expedia as well as ITA Software. As it readies its own public websites for independent property bookings, the company also is in talks on providing 'a number of airlines, primarily low-cost carriers, access to hotels on their websites,' said chairman, president and CEO John Davis earlier this week. Read More »
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Posted February 10, 2005 - Alexandria, Va.

Amadeus Reports Corporate Online Booking Growth

Global online corporate bookings in Amadeus subsidiary e-Travel's Aergo product grew 61 percent in the fourth quarter and 76 percent in the full-year 2004, Amadeus said today. The Madrid-based global distribution system provider reported 8 percent growth in December quarter net earnings on nearly 4 percent higher revenues. Read More »
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Posted February 7, 2005 - New York City

Payment Options Grow, Yet So Does Amex

Airlines can reduce their costs of payment by 20 to 25 percent through better negotiations with large payment providers and greater emphasis on lower-cost forms of payment, according to a white paper issued this month by Edgar, Dunn & Company. Read More »
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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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