The rate of week-over-week growth in airline tickets booked through U.S. travel agencies and settled through ARC has been on a monthlong retreat from the upward climb out of mid-April's demand depths, according to ARC settlement data through July 12. With confirmed U.S. Covid-19 cases rising this past month and U.S. agency air transactions down-sloping, the wrong curve has flattened.
Cornerstone Information Systems in an answer this week to a May complaint in U.S. federal court from Adobe denied it has infringed copyright or breached contract in using Adobe software to run the iBank travel data and reporting system. Further, the agency automation and travel data management company challenged Adobe's assertion that iBank poses data security risks.
Covid-19 has prompted an ever-changing patchwork of local, state and national travel restrictions and requirements—not to mention sundry travel supplier protocols and policies. This complex reality has inspired a wave of pre-trip information products from travel management companies.
From corporate travel agencies to technology firms, from decades-old companies to startups and from the small to the relatively large, a spectrum of corporate travel-related companies took loans under the U.S. Small Business Administration's Payroll Protection Program, new records show.
A London court this week set Sept. 21 as the starting date of a trial to decide whether Wex is legally entitled to pull out of its $1.7 billion acquisition of payment businesses eNett and Optal. eNett is majority-owned by Travelport. Wex cited the coronavirus pandemic when announcing plans to back out of the deal in May.
Frosch International Travel confirmed it has completed the acquisition of Illinois-based travel management company CorpTrav.
Since the end of March, New Zealand-based T&E tech provider Serko has added travel management companies Acendas, Balboa Travel, Ovation Travel Group and Radius Travel as resellers of its Zeno booking and travel management platform in the United States.