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.
Flight Centre Travel Group last week announced a 25 percent stake in Jay Walker's Upside at an undisclosed price and added the company to its growing portfolio of business travel technology investments.
Sabre signed more than 40 airlines to full content global distribution agreements in 2017, demonstrating "that many carriers around the world like the model the way it is," Sabre president and CEO Sean Menke said during the company's fourth-quarter earnings call.
Concerns surrounding airline/GDS "full content" agreements have been very much in the media of late, and with the prevalence of news articles on the topic, the American Society of Travel Agents reached out to a number of its members to obtain a read on the situation.
Sabre reported strong bookings growth across its global distribution system business for the first three months of the year and expects the trend to continue through 2018. The GDS operator and travel IT company raised its full-year earnings, revenue and GDS booking volume forecast, lifted in part by what executives, during an earnings conference call, painted as a healthy travel industry backdrop.
"The airlines are becoming more selective about who they distribute through," Travelport CEO Gordon Wilson said in an interview today. "I don't mean GDSs on this. I mean travel agencies."
As airlines advance merchandizing strategies, explore dynamic pricing, expand ancillary offerings and establish fare families, the definition of full content "will need to evolve" and, indeed, already is, Amadeus president and CEO Luis Maroto said today during the company's fourth-quarter earnings call.
Delta Air Lines has renewed its full content agreement with Travelport "on a long-term basis," the global distribution system operator announced Thursday.
British Airways this spring will expand the number of price points available for its European short-haul business class product, having already instituted a similar concept for short-haul economy class. Agencies will need a New Distribution Capability connection or will have to go to the airline directly to access the full range of BA's additional price points, the airline stated this month.
In a guest column this week, Farelogix CEO Jim Davidson took aim at full content agreements between airlines and global distribution systems. Yapta CEO James Filsinger submitted a letter in response.