GBTA: 'Headwinds' to Delay Full Recovery; More Forecasts; BTN's Salary Survey

 

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August 31, 2022 GBTA: 'Headwinds' to Delay Full Corp. Travel Recovery By Chris Davis Citing "headwinds" including inflation and supply chain shortages, the Global Business Travel Association projected global business travel spending won't reach pre-pandemic levels until 2026, two years later than its prior projection, issued in November. GBTA also projected total 2022 global business travel spending will increase 33.8 percent year over year to $993 billion. Keep Reading United Plans New RFP Platform for Corp. Clients United Airlines plans to launch in late 2022 a new platform that will let corporate clients customize their travel programs with the carrier. Keep Reading CWT: Expect Travel Prices to Keep Rising in 2023 Corporates can expect travel prices to continue rising for the rest of 2022 and throughout 2023, according to the annual price forecast from CWT and GBTA. Keep Reading STR Boosts U.S. Hotel Rate Forecast, Cuts Occupancy STR and Tourism Economics now project an average 2022 U.S. daily room rate of $148, up from $145 in their previous forecast, issued in June. Keep Reading Travel Management Evolves: BTN's 2022 Salary Survey BTN's 2022 Salary Survey showed travel manager compensation reaching an all-time high as organizations realized the complexities of the position as well as the strategic contribution it can provide. Not all travel managers had the same empowering experience, though.  Keep Reading BTN Names Visa's Hamer 2022 TMOY BTN named Visa senior director of global sourcing Kim Hamer as its 2022 Travel Manager of the Year, and named as its three Best Practitioners of 2022 Siemens' Emma Eaton, Estee Lauder Cos.' Jami Stapelmann and Takeda's Faye Zeidlhack.  Keep Reading For business transient, we rolled over special corporate rates since the beginning of the pandemic. … It's early, but we can certainly imagine those rates being up high single digits year-over-year in 2023." - Marriott's Tony Capuano Read More BCD Partners with FairFly for Price Assurance Offering BCD Travel is tapping travel data platform FairFly's technology to power its air price assurance offering, the travel management company announced. Keep Reading HRS Widens Focus Beyond Hotel Solutions Q&A with HRS's Tobias Ragge This month's announcement that HRS had agreed to acquire expense management platform Paypense was another signal that the hotel solutions provider is expanding its traditional value proposition beyond connecting the dots of complex corporate hotel programs. CEO Tobias Ragge sat down with BTN's Elizabeth West to discuss that evolution. Keep Reading Sabre Acquires Conferma Pay Sabre has acquired payments company Conferma Pay, Sabre confirmed. Keep Reading Snowfall to Acquire Psngr1 U.K.-based travel technology firm Snowfall is acquiring online booking tool Psngr1, with plans to merge it with its own technology and, in turn, boost its presence in North America, Snowfall CEO Stefan Cars told BTN. Keep Reading BA, American Among Carriers Making Schedule Cuts Airline schedule cuts reach deeper into the fall.  Keep Reading Southwest's Harvey: New Corp. Portal 'Single Source of Truth' Q&A with Southwest's Dave Harvey Southwest Airlines' new Business Assist corporate travel portal will offer several self-service features for corporate customers. Dave Harvey, the carrier's VP of Southwest Business, spoke with BTN's Donna M. Airoldi about the tool. Keep Reading TravelPerk Data Shows Steepest Price Increases in U.S. Second-quarter travel costs in the Eastern U.S. have increased the most due to inflation among global destinations, according to data compiled by TravelPerk. Keep Reading ARC: July Air Ticket Sales, Average Price Decrease from June After surpassing 2019 levels in June, Airlines Reporting Corp.-accredited travel agency air ticket sales in July totaled $6.8 billion, representing a 13 percent month-over-month decline. Keep Reading United to Extend Corp. Preferred Benefits Across JV United Airlines beginning this fall will extend three of its Corporate Preferred loyalty program benefits to select corporate customers across its joint venture with Air Canada and Lufthansa Group. Keep Reading Lufthansa Reorg Connects Customer Experience with Operations Q&A with Lufthansa's Frank Naeve Lufthansa Group's Frank Naeve on July 1 began his new position of SVP of global markets and stations, which includes global sales, after serving as VP of passenger sales for the Americas for the German company. Keep Reading GSA Increases 2023 Per Diem, Lodging Allowance The U.S. General Services Administration for fiscal year 2023 increased its standard allowable per diem rates for federal travelers by $2 to $157, GSA announced Wednesday. Keep Reading Concur Fills In Some Lines on Booking Experience Roadmap Q&A with Concur's Charlie Sultan Concur Travel president Charlie Sultan sat down with BTN's Michael B. Baker to detail some features the booking tools will have as well as his larger vision of building a "platform of the future." Keep Reading Concur Bookings: Double-Digit Price Hikes for July Int'l Airfares International airfares paid by corporate travelers from the U.S. to Europe and between destinations outside of the U.S. are up by double-digit percentages this summer. Keep Reading Amex GBT Readies for Lasting Environment of Travel Disruptions Q&A with Amex GBT's David Reimer Amex GBT global EVP of global clients and general manager for the Americas David Reimer spoke with BTN's Michael B. Baker about how the company is helping its clients manage through travel's ongoing disruption. Keep Reading Report: Ext.-Stay Q2 Recovery Continues, Supply Growth Stalls The rate of extended-stay supply growth has dwindled and the number of rooms under construction has dropped sharply.  Keep Reading Q2 Earnings Reports Amex GBT: Q2 Transactions Near 70 Percent of '19 Level Marriott Q2: Group Accelerating Fast; Corporate Continues Rebound Diverging from Peers, IHG Meetings Recovery Lags Short-Term Corp. Mtg. Surge Fuels Hyatt's Q2 Choice: Q2 Corp. Travel Share Near Historical Levels JetBlue Reports Record Q2 Revenue Lufthansa: Q2 Premium-Class Load Factors Above 2019 Air Canada Pledges Better Operations as Corp. Travel Grows As Live Events Return, Cvent Stays 'Triple Threat' Course Sabre Sees 'Stronger' Recovery in Months Ahead Avis Budget: Q2 Corp. Travel Share of Americas Business Up Sixt Reports Record First-Half Revenue Uber: Corp. Travel Return Spurs Uber for Business Optimism Lyft: Q2 Managed Business Bookings 'More Than Doubled' New Business Propels Flight Centre to Full Corporate Transaction Value Recovery Wheels Up: 'Steady Pickup' in Q2 Corp. Travel Sonder Furthers Corp. Travel Plans Amid Restructure  Delta Rebrands Corp. Tools as 'Delta Business'  Read More Loews Hotels Promotes Davis to Sales SVP  Read More Groupize Pursues Total Mtg. Cost with New Functionality  Read More ARC Promotes Solomon to Chief Commercial Officer  Read More Air Wisconsin Replaces United with American  Read More AmTrav Names New Execs, Adds Advisors  Read More STR: July U.S. Hotel Rates Set Another Record  Read More Executive Travel Hires New Business Development VP  Read More Sonder Names Hebbar COO  Read More American Names New Chief Digital and Information Officer  Read More 100 Lighting Way Secaucus, New Jersey 07094

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