Even if plenty of managed travel professionals reject the concept, players that incentivize corporate travelers to beat trip budgets have gained investors, partners and some user acceptance. The latest to market is Tripkicks, which was founded this year with backing from Acquis Consulting to set trip budgets and offer monetary rewards to managed travelers who come in under budget.
When Travelport signed Indian online travel agency MakeMyTrip as a customer last month, this was no ordinary client acquisition. MakeMyTrip, which serves more than 40 million active app users and Web customers, is the No. 1 OTA in a market hotter than a vindaloo curry for the global travel management and distribution industry.
Travel and Transport has acquired 100 percent ownership in travel agency network Radius Travel, of which it was a founding member, a longtime equity holder and an active participant, the company announced Monday. Financial terms were not disclosed.
Priceline founder Jay Walker's travel startup Upside serves the unmanaged travel segment. The company sells travel packages and positions a rewards scheme directly to end users. It is intended for neither the enterprise nor the managed travel segment—not yet.
Groupize has signed about 45 TMCs as resellers of its technology for venue sourcing, room block management, attendee management, registration, approvals and data and reporting on "simple" meetings. Among the dozens listed on the company's site are BCD Travel, Christopherson Business Travel, Travel and Transport and Travel Leaders Corporate.
Former Travel and Transport president and CEO Bill Tech died April 1 at the age of 70. Travel and Transport submitted the following remembrance.
Australia-based Corporate Travel Management by the end of the year plans to launch its full suite of client-facing technologies in the U.S., including its online booking system, managing director Jamie Pherous said during the travel management company's fiscal-year earnings call Wednesday.
Cornerstone Information Systems has acquired Topaz International, a corporate travel auditing and benchmarking firm that works directly with travel buyers.
Former Sabre executive Greg Webb on Aug. 1 will succeed Gordon Wilson as CEO of Travelport, the company announced Tuesday.
A group of 15 travel management companies, including American Express Global Business Travel, BCD Travel, Carlson Wagonlit Travel and Egencia, signed an open letter in response to travel buyers who had urged the industry "to do more" to advance the New Distribution Capability standard and account for buyer needs.