Outbound travel from mainland China during the Labor Day holiday period reached a three-year high this year, according to data released by travel technology company Travelport.
Erratic airfares will likely be a theme over the course of the year. The question is how damaging, reputationally speaking, will the settling down period be for American Airlines, compared to the financial gains — short or long term.
Private Equity restructuring for some short-term rental companies may be welcome — even as it means change of management, possible furloughs and cutting parts of the business. Analysts warn against spelling doom against the entire industry, however, demand still remains strong.
Travel technology company Travelport revealed on Friday it had received a $200 million investment from its owners, Siris Capital Group and Elliott Management. Based in Langley, UK, the privately held…
Ever since selling Locomote, its previous corporate booking tool, Travelport was left with a gap. Now with new types of content coming soon to the U.S., courtesy of American Airlines and its New Distribution Capability push, Deem fills the void.
From April, the airline will stop selling almost half its airfares through traditional channels, instead selling them exclusively through its own website and so-called New Distribution Capability-powered channels. The shakeup mostly impacts travel agencies and corporations that fly American for business. We explain.