BCD Travel president and CEO John Snyder expects the pandemic to prompt "a fair amount of consolidation" among travel management companies, especially involving small and midsize agencies, a process in which he expects his company to play a role.
Payment company Wex has completed its acquisition of eNett, the travel payment technology business majority-owned by Travelport, and another payment business, Optal, for a combined cut price of $577.5 million in cash.
American Express Global Business Travel on Monday announced a breakthrough agreement to access Lufthansa Group's New Distribution Capability-based content. The deal sets the course for NDC access through the travel management company's preferred channel: the global distribution systems.
Despite encouraging news on the Covid-19 vaccine front, United CEO Scott Kirby does not expect a significant recovery for corporate travel until "towards the end of next year," he said during an interview Thursday at The Beat Live virtual conference.
The Beat presented the Readers' Choice awards on Thursday at its 13th annual The Beat Live, which broadcast live in a virtual format.
Balboa Travel, Direct Travel, Executive Travel, Gant Travel and World Travel, Inc. this week were revealed as the first travel management companies to reach reseller deals with Tripkicks to extend its Concur Travel plug-in for clients that use the booking tool.
Travel management company Reed & Mackay has built a direct connection to British Airways' New Distribution Capability-based application programming interface, the carrier announced last week.
The Dutch subsidiary of multinational travel management company ATPI and its former managing director, Willem Starink, have been convicted in the Amsterdam District Court on criminal charges of issuing forged invoices from 2010 to 2012 that concealed fare markups for two clients, the Dutch Ministry of Security and Justice and the Dutch Central Bank.
The ever-changing patchwork of entry and quarantine requirements and in-destination restrictions related to Covid-19 has given rise to a cottage industry of specialists trying to keep pace with and extend up-to-date pandemic information to corporate travel players.
As Covid-19 cases rise and travel restrictions expand, credit ratings agency Standard & Poors last week revised downward its recovery outlook for global airline traffic and revenue. S&P joined others, including Fitch Ratings and the International Air Transport Association, in issuing bleaker guidance on the airline sector in recent weeks.