There’s been a fair amount of activity in the corporate travel and expense management world as companies look to capitalize on a largely untapped market.
Apart from the weakness of CWT, one of the most interesting things in the UK regulator's report is the rise of CTM and Navan. Even Spotnana and Kayak apparently had some substantial wins.
Marriott has debuted a suite of travel tools to let road warriors book, manage, and expense business travel without having to visit third-party services.
The bank has its eyes on snatching business from other corporate travel agencies with new partner Spotnana. But first the wider financial sector may need to stabilize following the collapse of Silicon Valley Bank before it gains confidence from new customers.
Most environmental, social and governance (ESG) reports include a company's aspirations to reduce carbon emissions and combat global warming, but at an operational level it seems there's little regard for the impacts of travel.