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CTM Inks Second Covid-Era TMC Acquisition With Helloworld Deal

Australia-based CTM entered into a binding agreement to buy the Australian and New Zealand corporate and entertainment businesses of competitor Helloworld Travel.
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Sabre Names Kurt Ekert President, Signals Eventual CEO Opportunity

Sabre on Wednesday announced former CWT CEO Kurt Ekert on Jan. 3 will become president of the global distribution system operator and travel IT company.
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Michelle McKinney Frymire

INTERVIEW: CWT CEO Michelle McKinney Frymire

Since Michelle McKinney Frymire became CEO of CWT in May, the company has reduced debt, brought in new equity and saw its longtime owner, the Carlson family, shed its majority stake. To accelerate its recapitalization, CWT's parent company last month completed a prepackaged Chapter 11 court-supervised process. McKinney Frymire fielded questions at The Beat Live in New York City.
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Industrywide Airline Load Factors Down From 2019 Levels, Per IATA

Industrywide Airline Load Factors Down From 2019 Levels
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GUEST: ATPCO CEO Alex Zoghlin On The Future Of Work And Collaboration Travel

ATPCO president and CEO Alex Zoghlin this week delivered an address at The Beat Live in New York City contemplating corporate culture in a hybrid workplace, the need for collaboration and the changing nature of corporate travel.
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Delta Seals A Decade Of Dominance In The Beat Readers' Choice Awards

Subscribers of The Beat named Delta Air Lines as the Most Admired Airline and also Supplier of the Year in its annual Readers' Choice awards, two honors the carrier has flown away with for 10 consecutive years.
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Amex GBT Makes SPAC Deal To Go Public

American Express Global Business Travel has agreed to merge with "blank-check" special purpose acquisition company Apollo Strategic Growth Capital in a deal that would take the company public with a $5.3 billion valuation. The combination is expected to close in the first half of 2022, pending shareholder and regulatory approvals. The company said the move would create the world's largest publicly traded business-to-business travel platform.
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Stranded By Coupa, TMCs Assess Price-Assurance Options

Coupa has notified several travel management company resellers and integration partners that it no longer will support Coupa Travel Saver as a standalone product. The price-assurance technology rose to prominence under the Yapta brand before Coupa acquired the company in late 2019.
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GBTA Global Business Travel Spending Forecast

GBTA Global Business Travel Spending Forecast
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Hammering On Booking Displays, Delta Prods Concur Travel

Delta Air Lines for years has cajoled corporate booking systems to fully showcase the fare brands, bundles and products airlines offer. Delta managing director of global distribution Jeff Lobl on multiple occasions last month left little doubt the carrier wants Concur Travel, in particular, to move faster, or corporations to look elsewhere.
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