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Business Travel
It's undeniable: Group bookings are declining, and they probably will be for a while.
Isaac Carey, Skift | 5 years ago
American Express Global Business Travel continues to strike strategic deals around the world. Its competitors are doing the same, and one has to wonder how all the international competition will shake out.
Andrew Sheivachman, Skift | 5 years ago
New distribution capability continued to be a big focus at this year's GBTA Convention, but so far the technology isn't living up to the hype.
Is corporate travel a sexy sector now? Maybe to investors, but new technology is doing less to change the status quo than you may think.
Meetings
This report is worrying, especially since other industry players are starting to say the same thing.
Travel prices are starting to lag as political tensions put a damper on travel and corporate bookings go down.
It all comes down to uncertainty, making consumers more cautious and businesses more likely to cancel travel. Unfortunately, this anxiety isn't going to end any time soon.
There's been a lot going on with TravelPerk lately. With this new service, the travel management startup is clearly taking steps to disrupt the corporate travel industry.
So far the company is making good on its plans to innovate the corporate travel space. But offering refunds on this scale is a big promise to make.
This might be a turning point for the company as it continues to work toward becoming the lead corporate travel booker in Europe.