Articles tagged “gbta”

Organizations don’t seem prepared to incur additional costs to achieve more sustainable travel outcomes — but that’s not what most are saying publicly.

With offices vacant again due to a crippling week-long rail strike, and airports under pressure, travel is suffering a setback, particularly business travel. In public relations terms, the UK should be in crisis management mode.

Pent-up demand seems to be trumping any worries that businesses might have over rising travel costs, which isn't your typical pre-pandemic trait. But a clash with tourists this summer might put the brakes on spending.

Plenty of doubters predicted business travel wouldn’t fully return, but recent surges suggest the wider industry could break past its pre-pandemic $1.4 trillion value.

All-digital experiences are a pandemic legacy, and the financial services sector is seeing a lot of value in the extra dimension that virtual reality can bring to conferences, training and education. Business meetings aren’t that far away.

Relocation options are running out for businesses as Ukraine’s borders become overwhelmed by growing numbers of refugees. The impact of the war is now set to spread even further across Europe.

Many predicted business travelers would cut back on the number of trips they take, opting for longer stays instead. That prophecy's come true, with five-star hotels benefiting most from their higher rates.

Buying Germany's Comtravo last month also meant taking on that agency's own ongoing acquisitions, including plans to buy Sweden's Resia. That deal's now gone through, and TripActions gains a shortcut to Scandinavia.

The travel industry looks set to clash with the European Commission over proposals for its "Fit for 55" climate change legislation. It's going to be a pivotal year.

Airlines, hotels, taxi firms and travel management companies owe more than half a trillion dollars. Here's how companies can offset price surges as their suppliers look to pay off mounting debts.