Investment research firm Redburn this week became the first equity analyst to initiate coverage on American Express Global Business Travel, following the mega travel management company's debut on the New York Stock Exchange late last month.
Corporate travel budgets set for 2022 are coming up short as travel demand rises from early-year lows and as costs soar.
Some longstanding debates in travel distribution cropped up during a European Parliament committee hearing on Wednesday that addressed the challenges Europe faces in crafting regulations on "seamless multimodal travel."
Buyer members of the U.K.-based Institute of Travel Management on Wednesday implored travel management companies to be more "transparent" about staffing shortages and better communicate with travel managers.
Hawaiian Airlines this week in a memo to agencies noted that "technical difficulties" have affected its ability to sell itineraries that include intra-Hawaiian flight segments in the Amadeus global distribution system.
A special purpose acquisition company helmed by the CEO of Georgia-based travel management company Teplis Travel has asked shareholders to vote to extend a deadline as it works to seal a deal with "a leading global travel technology business."
A funding shortfall has put Psngr1's future in jeopardy. The corporate online booking tech entrant last week notified agency partners of a business suspension as it parted ways with execs and scrambled for a financial lifeline.