ReportWire

Tag: RSS-Everything Choose

  • German T&E Platform Lanes & Planes Draws $35M in Funding

    German T&E Platform Lanes & Planes Draws $35M in Funding

    [ad_1]

    Munich-based corporate travel and expense platform Lanes & Planes announced $35 million in a recent funding round, which it will use for growth and expansion.

    The company, which is the 16th largest TMC in Germany per BTN Europe’s Leading TMCs 2023 report, manages travel booking, approval and expense management on a digital platform that companies can integrate into their existing systems, according to the company. It also has a Germany-based in-house support team that offers around-the-clock service.

    The company claims its revenue has grown ninefold since the beginning of 2022. “We have built a compelling product that has resulted in incredible customer loyalty, and now, we are in an excellent position to scale rapidly and efficiently in the European corporate travel market,” Lanes & Planes cofounder Daniel Nolte said in a statement.

    U.S.-based Smash Capital led the funding round, and existing investors also participated, including Battery Ventures, Coparion, DN Capital and AllIron.

    [ad_2]

    mbaker@thebtngroup.com (Michael B. Baker)

    Source link

  • Amtrak to Reduce Fare Categories

    Amtrak to Reduce Fare Categories

    [ad_1]

    Amtrak later this fall will introduce a “simplified fare structure” that will reduce the fare types to two categories from three, the rail provider announced Wednesday.

    The new fare categories are “Flex” and “Value.” Flex tickets will be fully refundable if canceled and can be changed without fees before departure, although the fare price may differ. Value tickets will be priced lower than Flex fares. They also will be non-changeable and will receive a 75 percent refund if canceled.

    Tickets purchased prior to the launch of the new fare structure will remain subject to the existing fare rules and conditions, according to Amtrak.

    [ad_2]

    dairoldi@thebtngroup.com (Donna M. Airoldi)

    Source link

  • ARC: September Air Sales Show Seasonal Declines

    ARC: September Air Sales Show Seasonal Declines

    [ad_1]

    Total September 2023 air ticket sales declined 6 percent from August 2023 to $7.6 billion as the peak summer travel season wound down, according to Airlines Reporting Corp.’s latest report. That figure represents a 3 percent increase, however, year over year.

    Total passenger trips were up 4 percent to 22.1 million from September 2022, but down 6 percent from the prior month. The same pattern held true for U.S. domestic and international ticket sales. Domestic trips were up 3 percent year over year to 14.4 million, yet down 5 percent month over month. International trips were up 6 percent from September 2022 to 7.7 million, but down 8 percent versus August 2023. 

    “Air travel demand has remained steady in 2023, while year-over-year sales and passenger trips are reverting to historic seasonality patterns,” ARC chief commercial officer Steve Solomon said in a statement.

    For the third quarter, U.S. travel agency air ticket sales increased 8 percent year over year, while passenger trips were up 7 percent for the same period, according to ARC.

    The average price of a U.S. domestic roundtrip ticket in September declined 4.1 percent year over year to $537, but was up 4.5 percent versus August 2023. 

    September electronic miscellaneous document sales, which include fees for such ancillary products as upgraded seats and checked bags, increased 48 percent year over year to nearly $21.4 million, but were down about 11 percent month over month. Ancillary transactions increased 41 percent versus September 2022 to nearly 361,000. They were down about 4.7 percent month over month.

    RELATED: ARC: August Air Trips Highest Since Pandemic

    [ad_2]

    dairoldi@thebtngroup.com (Donna M. Airoldi)

    Source link

  • Sabre to Distribute Air France-KLM NDC Content

    Sabre to Distribute Air France-KLM NDC Content

    [ad_1]

    Air France-KLM has extended its distribution agreement with Sabre, and the global distribution system provider will offer Air France-KLM’s EDIFACT and New Distribution Capability content, the companies announced Thursday. The NDC offers, which will include continuous pricing and tailor-made bundles, will be rolled out to Sabre-connected agencies in a phased approach next year. 

    [ad_2]

    dairoldi@thebtngroup.com (Donna M. Airoldi)

    Source link