The Small Business Administration plans to furlough roughly 23 percent of its workforce if the government shuts down–and more than a dozen core agency services will halt if…
Read more Government Shutdown: SBA to Furlough 23 Percent of Staff. Here’s What Services Will EndThe merger between American Express Global Business Travel and CWT “has the potential to substantially lessen competition,” the U.K.’s Competition and Markets Authority said in a report of…
Read more U.K. Regulator’s Preliminary Finding: Amex GBT-CWT Deal Would ‘Lessen Competition’Avis Budget Group executives during a Friday earnings call focused on lowering its fleet size, increasing utilization and prioritizing “higher-margin business.” “Our primary goal has always been to…
Read more Avis Budget Q3: Limiting Fleet, Seeking ‘Higher-Margin Business’After Air Canada’s corporate segment gained during the second quarter, momentum slowed during the third, EVP of revenue and network planning Mark Galardo said during a Friday earnings call.…
Read more Air Canada: Labor Talks Cause Q3 Corp. SlowdownAccor Group preliminarily projects 2025 negotiated corporate rates to increase by “mid-single digits” year over year, CFO Martine Gerow said Thursday during the company’s third-quarter earnings presentation, similar…
Read more Accor Projects 2025 Corp. Rate Hikes Similar To This Year’sPrivately owned company Enterprise Mobility—which owns the Enterprise, National and Alamo car rental brands—reported record annual revenue of more than $38 billion for its 2024 fiscal year, the…
Read more Enterprise Mobility Reports Record FY24 RevenueWyndham Hotels & Resorts’ systemwide third-quarter revenue per available room declined slightly but executives during a Thursday earnings call claimed increasing demand from its blue-collar base of business…
Read more Wyndham Claims Q3 Infrastructure Demand LiftAmerican Airlines’ defunct corporate distribution strategy led its corporate- and agency-flown revenue share in the second quarter to bottom out “11 percent below our historical share,” American CEO…
Read more American Furthering Corp. Amends, ‘Encouraged’ by Q3 GrowthPatsy Khoo ATG Travel Worldwide has named Patsy Khoo as sales and business management director for the Asia-Pacific region, the travel management company announced. Khoo, who has worked…
Read more ATG Names Sales Leader for Asia-Pacific RegionThe average U.S. hotel rate increased year over year September as occupancy slipped, according to hotel analytics firm STR. The average daily U.S. hotel rate in September increased…
Read more STR: September U.S. Occupancy Slips as Rates RiseYear-over-year spending growth by American Express international customers continued to outpace that of U.S. customers in the third quarter, Amex reported in its earnings on Friday. Travel and…
Read more Amex: Q3 Int’l Customer Spending Grows Amid Domestic ‘Stability’Reed & Mackay has hired former Ovation Travel executive Annie Peiser as VP of business development for the U.S., where Reed & Mackay has been growing its footprint…
Read more Reed & Mackay Taps Ovation’s Peiser to Lead U.S. Business DevelopmentElliott Management has carried through on its previous vow to call for a special meeting of Southwest Airlines shareholders, the investment company announced Monday. Elliott requested a Dec. 10 meeting…
Read more Elliott Calls for Southwest Special Meeting, Board ReplacementTravel buyer chatter at industry conferences over the past several months has revealed a healthy appetite for change and innovation with their travel management service provider, but the…
Read more TMC RFP Success in Current Market Requires Refined StrategyAmerican Express Global Business Travel and CWT have raised a series of objections to the U.K. Competition and Markets Authority’s decision to escalate its investigation into their proposed $570 million…
Read more Amex GBT, CWT Challenge CMA Merger Investigation FindingsWith a handful of publicly announced customers, the Kayak for Business Enterprise tool is taking a selective approach in bringing on new clients, Blockskye co-CEO and cofounder Brook…
Read more Blockskye Ready for the Long Journey to TransformationAlaska Airlines has partnered with startup builder Up.Labs to launch a new company that offers an AI-powered flight schedule optimization solution. The company, called Odysee, launches with $5…
Read more Alaska Partners for Schedule-Optimization StartupSouthwest Airlines for months has teased Thursday’s investor day as a key date in its transformation, in terms of providing more detail on some of the carrier’s previously…
Read more Southwest’s Promised Changes Are Afoot, But Will They Be Enough?Southwest Airlines plans to reduce its Atlanta footprint next year, cutting service, staff and airport gates, the carrier confirmed to BTN. CNBC originally reported the news. Southwest in…
Read more Southwest to Cut Atlanta ServiceElliott Management, which has been calling for leadership and board changes at Southwest Airlines since taking a $1.9 billion stake in the carrier in June, sent a second letter…
Read more Elliott Vows Southwest Shareholder Mtg. Request ‘as Soon as Next Week’
