Buying Travel in 2023; Amex GBT's Airfare Projections

 

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December 20, 2022 BTN's Travel Procurement: Buying Travel in 2023 Corporate travel buyers are getting ready for some choppy waters in 2023. Pricing is already high, but airfares—at least in the United States—have dropped since their summer peak. That may be among the only breaks travel buyers get as they navigate budgets and supplier negotiations going into the new year. BTN's Travel Procurement explores what has proven to be a changing landscape. Read More Amex GBT Projects '23 Global Airfare Hikes Spurred by persistent inflation and labor shortages and in some regions capacity limitations, 2023 economy- and business-class airfares throughout the world are projected to increase year over year, according to American Express Global Business Travel. Keep Reading BTN's 25 Most Influential of 2022 Business Travel News' annual retrospective looks at the industry executives, technologists, travel buyers and politicians who impacted the business travel industry in 2022. Read More Lufthansa: Americas Corp. Business 80 Percent Recovered Lufthansa's corporate business, especially in the Americas, "is picking up and getting stronger and stronger week by week," VP of sales for the Americas Dirk Janzen said. Keep Reading American to TMCs: Be NDC-Ready or Lose Some Content Access American Airlines has alerted travel agencies that they need to be connected to the carrier's NDC technology by April 2023 to ensure access to its full range of third-party public channel content. Keep Reading TMCs Proposed Revised DOT Rule for Air Refunds, Protections Internova, American Express Global Business Travel, BCD Travel, CWT, CTM North America and Direct Travel are particularly concerned with having TMCs, as ticket agents, be responsible for a customer's refund, credit or voucher. Keep Reading We are seeing hotels take a stronger stance on the cancellation policy—same-day, especially. They're pushing back on that a lot, like 24- to 48-hour minimum." - Advito's Laura Kusto Read More Amex M&E Evolves Meetings Insights Platform Amex M&E aims to give greater insights into meetings spend, program benchmarking and ROI. Keep Reading AA Adds Loyalty Reward Tiers, Raises Threshold American Airlines in March 2023 will add rewards tiers to its AAdvantage loyalty program, allowing members to earn perks when reaching certain loyalty point thresholds. Keep Reading JetBlue Revamps TrueBlue Loyalty Program JetBlue has redesigned its TrueBlue loyalty program, offering new perks and choices that will go live in spring 2023. Keep Reading Flight Centre Ready to Invest in More Innovation Q&A with Flight Centre's John Morhous FCM and Corporate Traveler parent company Flight Centre Travel Group has reported a year of growth and acquisitions. The group's chief experience officer, John Morhous, spoke with BTN's Michael B. Baker to provide an operational update and a hint toward future areas of investment. Keep Reading TripActions Secures $400M in Credit Facilities for Liquid Expansion TripActions has secured $400 million in credit facilities, which it said it will use to accelerate customer growth, particularly with its payment and expense management platform Liquid. Keep Reading IATA Projects Small 2023 Airline Profit After 2022 Loss The International Air Transport Association projects the global airline industry to post a 2022 net loss but in 2023 return to profitability for the first time since 2019. Keep Reading CBRE: U.S. Hotels' F&B Revenue Trails Pre-Covid Levels CBRE Hotels Research cites staffing shortages, cost control and straggling group travel through April 2022 among the top causes for the U.S. hotel industry's lagging food and beverage department revenue. Keep Reading Acquisition to Take Coupa Private Next Year Business spend management provider Coupa Software plans to go private next year via an $8 billion acquisition by software investment firm Thoma Bravo. Keep Reading Furnished Apt. Co. Blueground Leans into Corp. Market Q&A with Blueground's Alex Chatzieleftheriou Furnished apartment rental provider Blueground is increasing its focus on the business travel market through its Blueground for Business program. BTN's Angelique Platas spoke with Blueground CEO Alex Chatzieleftheriou about the company's offerings and outlook. Keep Reading United Orders 100 Boeing 787s  Read More ARC: November U.S. Airfares Slide  Read More American, JetBlue to Add 10 Cities to Northeast Alliance  Read More Amex GBT's Qualantone Sets June 30 Retirement Date  Read More American Names Devon May CFO  Read More November N. American On-Time Performance Slips  Read More IHG Appoints Glover CFO  Read More Mondee Names Lowe as Chief Marketing Officer  Read More 301 Route 17 North, Suite 1150 Rutherford, New Jersey, USA 07070

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