BTN’s 2022 Corporate Travel 100; 2023 Hotel Pricing Forecasts; Airline Corp. Demand Updates

 

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September 28, 2022 BTN's 2022 Corporate Travel 100 When BTN compiled last year's Corporate Travel 100, it was hard to imagine a year in which business travel volumes would go even lower. But that's exactly what 2021 visited upon the business travel industry. Read this year's detailed look at how the Covid-19 pandemic affected corporate travel spend and program management strategies for the biggest business travel spenders in 2021. Keep Reading Amex GBT: 2023 Hotel Prices to Rise Again but Pace to Slow Hotel rates worldwide will increase again in 2023 thanks to pent-up demand for in-person meetings, but at a rate lower than 2022 due to the economic climate, according to a new American Express Global Business Travel report, released Wednesday. Keep Reading CBRE Again Raises U.S. Hotel Rate, RevPAR Forecast CBRE Hotels Research yet again increased its forecasts for projected 2022 U.S. hotel performance. Keep Reading TripActions Projects Autumn Surge in Business Travel Business travel bookings from Sept. 1 through Nov. 19 are trending nearly six times higher than they were this time last year, according to data published by TripActions. Keep Reading As soon as people get back in the office, the sooner they're going to get out on the road. That is a phenomenon that we see." - American's Robert Isom Read More Delta, JetBlue: Corp. Travel Ramping Up, No Cracks in Demand Delta Air Lines and JetBlue Airways each have seen business travel ramp up again in September, with no discernible "cracks" in total demand, according to executives from each carrier. Keep Reading American, United: Demand Stays Strong, Big Corps. Lagging Air demand, especially leisure and unlike typical historical patterns, has remained strong into September and has not slowed after summer, executives from American Airlines and United Airlines said. Keep Reading Southwest Reduces Q3 Managed Corp. Travel Outlook Citing close-in booking trends that were "softer" than expected, Southwest Airlines has reduced its projected third-quarter managed business revenue, according to a filing with the U.S. Securities and Exchange Commission. Keep Reading DOT Issues Proposal Requiring Upfront Airline Fee Disclosure President Joe Biden announced a new proposed rule that would require airlines to disclose upfront certain fees. The proposal "seeks to provide customers the information they need to choose the best deal." Keep Reading Report: Ancillary Airline Revenue on the Rise The airlines with the most ancillary revenue collected $48.4 billion in such fees in 2021, a 54.2 percent increase year over year, according to a new report from airline ancillary strategy firm IdeaWorksCompany. Keep Reading Air France-KLM Further Postpones GDS Surcharge for TMCs Air France and KLM have further postponed the introduction of its GDS surcharge for business travel agencies, with the fee now due to be levied from the end of Q1 2023. Keep Reading Lufthansa, Amadeus Strike NDC Agreement The Lufthansa Group's New Distribution Capability offers will begin to be available through Amadeus' NDC platforms in the next quarter, the companies announced. Keep Reading American Airlines Appoints New VP of Global Sales American Airlines has promoted former VP of global talent and benefits Thomas Rajan to VP of global sales. Keep Reading United to Partner with Emirates, Launch Dubai Route United Airlines and Emirates have formed a new partnership that includes a new United route to Dubai, codeshares on certain destinations and reciprocal loyalty benefits. Keep Reading ARC: August Air Ticket Sales More Than Double 2021 Airlines Reporting Corp.-accredited travel agency air ticket sales in August more than doubled year over year to $7.3 billion. Keep Reading STR: August U.S. Hotel Occupancy Dips, Rates Moderate Average U.S. hotel industry occupancy in August 2022 dropped from the previous month, while average daily rate and revenue per available room displayed noteworthy year-over-year growth. Keep Reading U.S. Ext.-Stay Demand Falls for First Time in Two Years For the first time in two years, year-over-year demand for U.S. extended-stay hotels has declined, according to a new report. Keep Reading Virgin Atlantic to Join SkyTeam Alliance  Read More Italy Moves to Sell ITA Airways  Read More Southwest President Van de Ven to Step Down  Read More JetBlue Names New Enterprise Planning VP  Read More Fox World Travel Adds Global Sales Director  Read More United Invests Additional $15M in Electric Flying Taxis  Read More Flight Centre Names New Supply Executive for Americas  Read More Greeley Koch Joins The Apartment Network  Read More Frymire Joins Sonder's Board of Directors  Read More Payment Startup Mesh Scores $60M Funding Round  Read More 301 Route 17 North, Suite 1150 Rutherford, New Jersey, USA 07070

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