Articles tagged “travel buyers”

In contrast to some travel companies that adopted a cautious 'wait and watch' stance, hesitating to launch an IPO amid the uncertain landscape of the travel industry, TBO stood out for its proactive approach. Rather than biding its time, TBO swiftly made the decision to launch its IPO.

In Skift's top stories this week, Expedia and Booking are making big changes to their business models, artificial intelligence emerges as a major force in travel, and the World Cup boosts the Middle East's tourism recovery.

We're bringing together the brightest minds in corporate travel — one of the sectors hit hardest during the pandemic — for frank conversations on how corporate travel will return, how technology is reshaping this sector, and the evolving role of buyers as we see an increasingly remote workforce globally.

It turns out simplifying travel programs isn't a major priority for most organizations. This is an unfortunate reality, leaving travel buyers with numerous challenges.

The good news is that airfares aren't set for a major increase in 2020. The bad news is that a softening in the financial outlook for global businesses is the likely cause.

Salaries for travel buyers were relatively flat this year, although less experienced buyers saw a nice uptick in their annual bonuses.

As more affordable sharing economy, serviced apartment, and mid-scale hotel options have become popular with business travelers, high-end hotels have taken a hit.

It’s time for travel buyers to abandon the traditional hotel buying process. Instead, they should review their program on an ongoing basis as new developments in data and technology, the influence of leisure travel, fluctuating rates, new supplier pricing strategies and game-changing mergers overhaul the market.