American Express Global Business Travel's acquisition of Ovation Travel Group, announced last week, fills a high-touch gap for the mega travel management company, which committed to maintaining the service offering and brand that New York-based Ovation has built over 37 years.
American Express Global Business Travel announced today that it has acquired Ovation Travel Group, the New York-based travel agency known for serving high-touch customers like lawyers, hedge fund managers and entertainment executives.
TripActions announced it has raised $155 million through a Series E growth round.
American Airlines and Sabre on Jan. 6 held a mediation conference to once again discuss settling a longstanding legal dispute that dates back to 2011, when US Airways sued Sabre over terms in its global distribution system agreement. An out-of-court resolution remains out of reach, as lawyers for the parties last week during a conference call with the court said each party was committed to a retrial, though it was unclear how quickly they'll get there.
Barcelona-based travel management company and tech provider TravelPerk has acquired NexTravel, a Santa Monica, Calif.-based operator of travel booking and management software used primarily by small and midsize businesses in the United States, TravelPerk announced Wednesday.
Short's Travel Management has agreed to sell its corporate travel portfolio to Direct Travel, Short's Travel Management CEO David LeCompte told clients in a memo Tuesday.
The travel distribution market in China finally could open to some Western technology providers, after the European Union on Dec. 30 announced it has concluded in principle negotiations for a Comprehensive Agreement on Investment with China.
Fareportal Holdings this week filed a federal antitrust lawsuit against JetBlue Airways, alleging the airline last year expanded a distribution strategy to pull out of online travel agencies, including Fareportal brands, and "make it harder for American consumers to save money when they book air travel."