JPMorgan Chase to Acquire Frosch; Survey: Most Expect 2022 Corp. Travel 'Boom'

 

View as webpage

February 17, 2022 JPMorgan Chase to Acquire Frosch By Michael B. Baker JPMorgan Chase & Co. has reached an agreement to acquire travel management company Frosch, according to a report from BTN sister publication The Beat. It marks the latest in several acquisitions of travel services companies by major financial institutions, which are working to expand their own offerings beyond traditional banking and payment services. Keep Reading Survey: Most Travelers, Finance Execs Expect 2022 Corp. Travel 'Boom' Most finance managers and business travelers alike expect a "boom" in business travel by the end of this year, though business travelers are a bit more confident in that boom, according to a recent survey commissioned by SAP Concur. Keep Reading CWT Sets Priorities for $100M Platform Investment Sustainable travel initiatives, improving connectivity and increasing content top CWT's list of goals for the $100 million investment that stemmed from the travel management company's recapitalization last year, CWT announced. Keep Reading Coupa Expands into Travel with Booking Module Business spend management platform Coupa is launching its long-anticipated travel booking module, built from its acquisition of Pana and integrated into its expense and, ultimately, its payment platforms. Keep Reading AmTrav Tackles Guest Travel with Gather Tool Travel booking and management provider AmTrav has launched a new tool for guest travel bookings, enabling them to be booked through the AmTrav platform. Keep Reading There's still a considerable amount of volume to be charged off in the [airline] refund markets. We're not seeing the new volume because there are existing credits that have to be used first." - UATP's Ralph Kaiser Read More Tripbam Tweaks RFP Tool to Include Hotel Global Sales Org. Smart Sourcing, first launched in 2019, targeted individual property deals. Now, a toggle button allows buyers to choose to include above-property sales teams in the process. Keep Reading TripActions to Acquire German TMC Comtravo TripActions has reached an agreement to acquire Berlin-based travel management company Comtravo, further boosting its technology offerings and footprint in Europe. Keep Reading UATP Stays Focused on Unused Ticket Management Q&A with UATP's Ralph Kaiser As travel buyers continue to grapple with unused flight credits lingering from the early days of the pandemic, UATP has played a key role in developing a platform to help buyers and airlines manage those credits. UATP president, CEO and chairman Ralph Kaiser recently spoke with BTN's Michael B. Baker to provide an update on unused ticket management and other topics. Keep Reading Travelport Plus Adds Southwest EarlyBird Check-In Global distribution system provider Travelport now offers its travel-agent clients the ability to sell Southwest Airlines' EarlyBird Check-In through the company's Travelport Plus platform, the company announced. Keep Reading Psngr1 Establishes Connections with Seven Carriers Travel booking and management platform Psngr1 has announced direct-connect partnerships with seven airlines: Air Canada, American Airlines, British Airways, Copa Airlines, Emirates Southwest Airlines and United Airlines. Keep Reading Hertz Names Former Goldman Sachs Exec Scherr CEO Car rental company Hertz has named former Goldman Sachs CFO Stephen Scherr its new CEO, effective Feb. 28, the company announced. Keep Reading ATPI Elevates Amadeus to 'Primary Global Technology Partner' U.K.-based travel management company ATPI has renewed its agreement with Amadeus, making Amadeus its "primary global technology partner" and the adding use of Amadeus Selling Platform Connect to 15 countries, Amadeus announced. Keep Reading GBTA Tax Docs Show $5M Payment to Former CEO in 2020 Federal tax documents filed by the Global Business Travel Association in November and now posted on the organization's website show a $5 million payment to former CEO Scott Solombrino, paid on his departure from the organization as part of a separation agreement. Keep Reading Survey Shows Incremental Rise of Women to Hospitality C-Suites Women still have a long way to advance in the C-suite, according to the Castell Project's latest Women in Hospitality Industry Leadership report. But incremental changes signal hope for an accelerated trajectory, the research team noted. Keep Reading United Hires Another Former Marriott Sales Vet  Read More Alaska Airlines to Upgrade Seattle, Portland Lounges  Read More World Travel to Offer Deem's Etta Platform  Read More Bizly Revises Playbooks, Allows More Customization  Read More Troop Layers in Covid-Level Travel Restriction Info  Read More Extended Stay America Appoints Juceam CEO  Read More Hopin: Layoffs Knock Some Glitter Off the Unicorn  Read More EasyJet Offering Carbon Certificates for Corp. Clients  Read More Hertz Invests in Electric Vehicle Platform  Read More Gett Names Guo Info Security Chief  Read More Grapevine Partners with Travelogix  Read More Ride-Hailing Provider Bolt Adds Expensify Integration  Read More The Changing Dynamics of Meeting Planning and Sourcing Meeting Professionals, when it comes to sourcing, negotiating and selecting a venue to produce an event, are your needs being met? We want to help suppliers serve planners better. Take this survey now to ensure your perspective is considered. TAKE THE SURVEY ADVERTISEMENT 100 Lighting Way Secaucus, New Jersey, USA 07094

Did someone forward this to you? Subscribe Here!

Privacy Policy To unsubscribe from BTN Travel Management, Click Here