BCD again is actively selling to the market TBiz services more than a year after acquiring from Sabre the Travelocity Business corporate travel agency.
Travel management company network Radius Travel claimed that new business won by its central sales organization grew 72 percent in 2014 from $275 million to $465 million. Almost all of that increase was accounted for by the winning of the global account of Danish healthcare company Novo Nordisk with an annual spend of $185 million.
More than 90 percent of the 250 Travelocity Business employees are expected to stay on as the company folds into BCD Travel as a separate division. BCD is planning to open within six months a contact center near San Antonio to house TBiz counselors currently working in a Travelocity facility.
BCD Travel has acquired Travelocity Business from Sabre, the companies announced Tuesday. In the works since at least February, when The Beat first reported Sabre's plans and Business Travel News hinted that BCD Travel was the buyer, the deal is seen as part of Sabre's run up to a public offering.
BCD Travel has signed and sealed a deal to acquire Knoxville-based World Travel Service Inc. and plans more acquisitions in corporate travel and meetings in the United States and abroad, CEO John Snyder told The Beat on Monday.
A Sabre press official declined to comment on information from multiple sources familiar with the company indicating Sabre is working to sell Travelocity Business as it prepares for a public offering later this year.
Lacking better solutions for both booking and reporting airline add-on purchases, travel management suppliers continue to seek temporary fixes. Travelocity Business this week announced its own "first step" as it tests the use of algorithms and processes of elimination to mine card reports for ancillary charges.
Travelocity Business president Yannis Karmis submitted his thoughts on blending technology and people to appropriately service business travelers.
Chicago-area travel management company AmTrav is taking real-time customer support to new levels with extended after-hours coverage and a new online chat option.
Sabre Corporation filed an S-1 registration statement with the U.S. Securities and Exchange Commission for a long-awaited initial public offering. The company indicated that it could raise up to $100 million, though that figure is noted as an "estimate solely for the purpose of calculating the registration fee." Sabre has not yet determined how many shares it will sell, the per-share price range or the timing.