Business Travel News

Mondee's acquisition of fast-growing CTS (Cosmopolitan Travel Service) makes the group North America's largest airfare wholesaler by market size. Notably, Mondee could afford the deal thanks to fresh backing by TCW Group, a giant asset management firm. Lots of institutional money is seeking opportunities in travel this year.

TUI CEO Fritz Joussen sounded much more upbeat than he did last December. While the Max grounding continues to cause problems for the company, holiday bookings for summer 2020 have grown. For now, it thinks it has the edge on its remaining competitors.

Tripadvisor is trying to squeeze more revenue and profits out of its newly restructured tours and activities business. There's a danger, though, that well-funded rivals might undercut Tripadvisor's efforts.

As self-driving cars move closer to becoming a reality at scale, the impact on corporate travel will be immense.

A federal judge heard closing arguments in the U.S. government's antitrust suit to block Sabre's acquisition of Farelogix. Inside the courtroom, Judge Leonard Stark's comments didn't show his hand. The case seems a close call.

As the coronavirus spreads, so are concerns among travelers. Travel advisors are feeling the effects, coping with cancellations, and providing reassurance to nervous clients.

The hospitality industry has found that the higher a family's budget, the more concerned they are about environmental and cultural sustainability. Luxury operations that craft experiences that engage the family, and especially Gen Z, will see the long-tail impact as this generation has more control over vacation decisions.

Employees are always going to need to travel. Emerging technologies may hold the key to a more sustainable future for corporate travel.

Strong sales are giving travel agencies the means to expand, but they face challenges in finding experienced travel advisors. As a way around this, some are looking to acquire existing agencies or attract more independents to their host operations.

Travel agencies are poised for expansion, but the major challenge is finding travel advisors to fill new positions. Acquiring agencies and enticing newcomers to join the industry are ways around it.