Cornerstone Information Systems has acquired Topaz International, a corporate travel auditing and benchmarking firm that works directly with travel buyers.
The number of ARC-accredited travel agencies fell nearly 4 percent from 7,162 in February 2016 to 6,905 last month, according to ARC data.
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.
Travelport is consolidating U.S. technology operations, rationalizing tech vendors and cutting some positions through a program that, after completion in the next year-and-a-half, should deliver "annualized cost savings of approximately $19 million to $23 million," the company disclosed this week in a U.S. Securities and Exchange Commission filing.
Sabre will sunset Prism Group's Avion travel management software product at the end of the year.
Ovation Travel Group has acquired London-based travel agency Chartwell Travel for an undisclosed sum, representing Ovation's first wholly owned location outside the U.S., the company announced Monday.
Amadeus is consolidating rail travel content via a new merchant model option for rail providers, a model the company expects could bring together the fragmented Asia/Pacific rail system.
Total bookings processed via the Sabre global distribution system rose nearly 8 percent year over year during the third quarter to 140 million, the company reported Tuesday. Air bookings rose 8 percent to 123 million, while non-air bookings, including lodging and ground, rose 7 percent to 17 million.