SAP's move last month to name Charlie Sultan president of Concur Travel, a new role at the company, is one that signals "more focus on travel," he said in an interview.
Last week's jury verdict in a long-running antitrust case, which found for Sabre on one claim but US Airways on another, is unlikely to bring about significant change in airline distribution.
JPMorgan Chase during its investor day Monday elaborated on consumer-focused plans for the travel sector following two pandemic-era acquisitions, including its recently closed deal with Frosch Travel Group.
The jury seated before the U.S. District Court for the Southern District of New York sided with Sabre on US Airways' claim that the global distribution system operator's contract with the now-defunct carrier was anticompetitive. Yet, the jury sided with the airline plaintiff on a second claim that Sabre operated an unlawful monopoly in a Sabre-only market. The jury awarded damages of a single U.S. dollar.
CWT has designated Serko's Zeno product "as a globally preferred online booking tool," and the travel management company and the New Zealand-based T&E tech company have brought on Visa as a Zeno user, Serko announced Wednesday in conjunction with the release of its annual report.
Small- and midmarket customers "continue to lead the recovery versus global multinationals," American Express Global Business Travel CEO Paul Abbott said in a prerecorded first-quarter results call Tuesday. Yet, in recent weeks larger multinational client activity ticked up while the gap between domestic and international travel demand closed.
American Airlines and Sabre are awaiting a jury verdict after a three-week federal antitrust trial concluded Thursday with closing arguments. Sabre on Friday swiftly filed a motion for mistrial, claiming the U.S. District Court for the Southern District of New York disallowed evidence on US Airways' so-called "sign-and-sue" strategy, while, at the same time, the airline plaintiff at trial included "improper publication to the jury of a highly prejudicial document."
Amid client requests for a solution to serve non-profiled guest travelers and another to help book travel for meeting attendees, AmTrav began working on two "independent" technology development projects, said CEO Jeff Klee. They converged, and the result, launched this year, is AmTrav Gather.
In March 2020, Revital Kristal and Nir Gurevich were mere months into executive roles at Atriis when they left to found reTravel. Fast forward a couple years, Atriis this week announced it acquired their creation and hired Kristal and Gurevich as chief product officer and chief technology officer, respectively.
Amadeus on Friday reported its first-quarter global distribution system booking performance bested its competitive set, and executives returned to a theme featured prominently in pre-pandemic quarterly calls: GDS marketshare gains.