BCD Travel won a task order for the U.S. Army's travel business in mid-September, the travel management company confirmed, but it now is under a "stop work order" pending an award protest by incumbent CWTSatoTravel, the government travel division of CWT.
Ovation Travel Group last week agreed to take a $20 million loan from the U.S. Treasury Department, making it the first travel agency to borrow under an aviation industry lending program established by the Coronavirus Aid, Relief, and Economic Security Act.
If anyone was bracing for American Airlines and Sabre to sign a model-changing distribution deal that reshapes their long-term, co-dependent and occasionally contentious relationship, Thursday's announcement of a renewal signaled something else entirely: status quo.
ATPCO CEO Rolf Purzer will retire at the end of the year, and newly appointed successor Alex Zoghlin on Jan. 1 will take the helm, ATPCO announced Thursday.
American Express Global Business Travel's acquisition last Thursday of messaging-based agency automation player 30SecondsToFly is the latest corporate travel startup acquisition inked in Covid-19's wake. In recent years, a sizable crop of tech startups, many backed by venture capital, entered the corporate travel market to disrupt, digitize or deliver new concepts to a field dominated by legacy tech and entrenched players. Hastened by the pandemic, exits this year have been common.
A U.K. court has sided with payments company Wex on the key preliminary issue in ongoing litigation over its planned back-out of a January agreement to buy eNett and Optal for $1.7 billion.
As the latest commotion in Washington unfolded, one loan program from the initial CARES Act earmarked for travel agencies has yet to produce any results.
Upside Business Travel's "vision is to not just be an online booking tool," said chief commercial officer Jason Wynn. Plans include extending tools to help TMCs squeeze more supplier revenue through hotel merchant-model markups and airline override optimization.
Southwest Airlines plans to go live in the Amadeus GDS "within days," Southwest Business vice president Dave Harvey said Wednesday during a carrier-hosted webcast on distribution strategy. Officials also said that distribution talks with Sabre remain shelved, and that the carrier plans to upgrade its distribution application programming interface.
Publicly traded Australia-based travel management company Corporate Travel Management has reached a binding agreement to acquire Omaha, Neb.-based Travel and Transport in a deal valued at US$200.4 million. The major TMC tie-up, announced Monday evening in the United States, catapults the combined TMC to the top tier of multinational corporate agencies by size and reach.