Singapore Airlines in January 2021 will start levying a U.S.$12 per-ticket surcharge on "traditional" global distribution system bookings made through legacy EDIFACT connections, the carrier notified travel agencies this summer. Yet, the airline has included each of the three major GDS operators on a list of certified tech providers through which agencies can access additional content and have its surcharge waived when tapping New Distribution Capability-based API connections.
Cash is scarce for travel agency operators. The valuation of a travel management company is virtually impossible to determine these days. The multiples that buyers would pay to acquire agencies peaked just before the pandemic struck. Those are a few observations on agency mergers and acquisitions that Innovative Travel Acquisitions president and CEO Bob Sweeney shared this week.
ABC Global Services and CCRA International may be best recognized as two of the largest in a handful of hotel consortia competitors relevant to the corporate travel sector. Yet, their merger, in design since before Covid-19's onslaught, is more complementary than first glance would suggest, the companies' CEOs said.
Sabre's global distribution system business saw airline cancellations outpace new bookings for the three months ending June 30, dragging net bookings, and therefore GDS revenue, into negative territory.
SAP Concur is upgrading its hotel connections with BCD Travel, CWT and HRS to give clients of their respective hotel aggregation programs the option to single-source hotel content and tap a wider range of their lodging-related services through Concur Travel.
Flight Centre Travel Group on Tuesday announced it has acquired corporate travel booking system WhereTo, the latest in a string of strategic investments.
Daily airline bookings through the Amadeus global distribution system this month have been trending down between 75 percent and 80 percent year over year. This is an improvement from the abysmal trends the company's GDS unit experienced in the second quarter, in which cancellations outstripped new bookings and revenue went into negative territory.
"The FBI Is Secretly Using A $2 Billion Travel Company As A Global Surveillance Tool," blared a Forbes headline this month. The company in question was Sabre, which this week snapped back at what it called a "highly speculative article." Still, neither Sabre nor its global distribution system competitors have embraced the practice of regularly disclosing the extent to which they cooperate with government bodies and law enforcement on requests for customer data.