Sabre this week said it remains in discussions and hopes to reach a new distribution deal with Emirates, as the airline's agreement to participate in the global distribution system expires at the end of the month.
The Beat checks in on WhereTo, Freebird and a couple of recent Emburse acquisitions.
In the years leading up to 2020, a variety of venture-backed technology startups entered the corporate travel market. The effects of the pandemic, however, saw many new entrants exit through acquisitions. The Beat is making the rounds with startups and acquirers to look at the aftermath. Today, we check in on a trio of Coupa acquisitions and a pair of TravelPerk acquisitions.
In the years leading up to 2020, a variety of venture-backed technology startups entered the corporate travel market. The effects of the pandemic, however, saw many new entrants exit through acquisitions. The Beat is making the rounds with startups and acquirers to look at the aftermath. Today, we get updates on Rocketrip and 30SecondsToFly.
The European Commission had targeted the fourth quarter of this year to propose potential revisions to the European Union's primary global distribution system regulation. Amid Covid-sparked delays, market uncertainty and some parallel regulatory undertakings, any potential proposal adopted by the EC on the CRS Code of Conduct now is likely to be released in the third quarter of 2022, EU Travel Tech secretary general Emmanuel Mounier said.
Buying power. Economies of scale. Geographic, servicing or technology capabilities. Evolving customer needs. Financial rescue. Each of these have factored into the recent round of travel management company consolidation, according to executive remarks at the BTN Group's Business Travel Show America virtual conference this week.
The U.K. Competition Appeals Tribunal on Friday dismissed Sabre's challenge of the U.K. Competition & Markets Authority's decision to block its proposed Farelogix acquisition, which collapsed last year amid the U.K. regulator's intervention and cleared the way for Farelogix's acquisition by Accelya.
In its ongoing drive to cut costs, Qantas next year will cut front-end base commissions paid to travel agencies for most international tickets to 1 percent from 5 percent, according to the carrier. Qantas said the new commission structure would take effect July 1, 2022, "giving time for the industry to adapt."
New Zealand-based travel booking and expense software provider Serko for the fiscal year ending March 31 reported travel booking volume plummeted 63 percent year over year as Covid-19 dealt its blow.
Federal contracting officials last year selected BCD Travel as the U.S. Army's travel management company for the continental United States due in part to a lower-priced bid than that of incumbent CWT, according to the U.S. Government Accountability Office's partially redacted decision to deny CWT's bid protest.