A consortium that includes Siris Capital Group and Elliott Management are in late-stage talks to acquire Travelport, Reuters reported Thursday, citing unnamed sources.
Total bookings processed through the Sabre global distribution system rose nearly 8 percent year over year during the second quarter to 141 million. Sabre got a big boost from Australia-based Flight Centre, which in the past year finished converting GDS business in Australia and New Zealand from Travelport to Sabre.
Corporate clients regularly turn to their travel management companies for data reporting to better understand travel spending, policy compliance, supplier performance and other facets of program management. A few TMCs, including Carlson Wagonlit Travel, Omega World Travel and Travel Inc., are exploring new ways for clients to interrogate travel program data through natural language inputs, either typed in text or spoken by voice.
United Airlines, airline settlement clearinghouse ARC, a large corporate client of United and travel blockchain entrant Blockskye have completed a proof of concept to examine reporting and settlement through a blockchain ledger for flights booked on the airline's website.
National Australia Bank has withdrawn significant business from Flight Centre Travel Group-owned travel management company FCM after concluding it was being overcharged for bookings, according a report this week by Fairfax Media, which publishes The Sydney Morning Herald and other Australian news outlets.
Total first-quarter bookings processed through Amadeus' global distribution system rose 3.4 percent year over year to 177 million, as airline bookings rose nearly 4 percent to 160 million and non-air bookings increased 1 percent to 17 million. The Spain-based travel distribution and IT company reported its own air booking growth was in line with total GDS industry levels, according to its quarterly earnings report Friday.
Global distribution system segments processed by Travelport—including air, hotel, car and rail—fell 4 percent year over year during the third quarter amid "customer headwinds," the company reported Thursday.
Festive Road managing partner Caroline Strachan submitted the following thoughts on gender pay reporting in the U.K. The Beat this month covered how several travel management companies, travel tech firms, airline operators and hoteliers performed on the U.K. government's measure.