Each of the three major global distribution system operators during the past week have reaffirmed their 2016 outlooks in the wake of the United Kingdom's referendum to leave the European Union.
Australia-based Corporate Travel Management announced plans to acquire U.K.-based Redfern Travel and Tasmania-based Andrew Jones Travel. In conjunction, the publicly traded travel management company issued a new share purchase option to eligible shareholders to raise A$71 million to fund the deals.
Travel and Transport has acquired London-based travel management company Statesman Travel Group.
Yapta has gained a solid hold on the corporate market with its FareIQ airfare price-assurance offering. Now, a challenger is emerging: FairFly, like FareIQ, monitors booked flights for savings opportunities that result from price fluctuations that occur between booking and departure.