CTM Beats Revenue Projections, N.A. Demand 'Slower than Expected'

 

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August 24, 2023 CTM Beats Revenue Projections, N.A. Demand 'Slower than Expected' By Michael B. Baker Corporate Travel Management reported a 70 percent increase in revenue and a 77 percent increase in total transaction value year over year for the 2023 fiscal year, with strong growth in Europe, Asia and Australia/New Zealand but "slower than expected" travel demand in North America. Keep Reading Survey: Many Travelers On Road Despite Tighter Budgets Nearly half of U.S. business travelers say they now are traveling more frequently than they were prior to the pandemic, according to a survey of business travelers conducted by Capterra. Keep Reading Accor Names Perez-Alvarado Chief Strategy Officer Accor has appointed former JLL Hotels & Hospitality CEO Gilda Perez-Alvarado as group chief strategy officer, effective Oct. 1. Keep Reading FAA to Invest Add'l $121M for Runway Collision Avoidance The U.S. Federal Aviation Administration has awarded more than $121 million to airports across the country to reduce the risk of runway incursions. Keep Reading Sabre to Offer SAS NDC Content A new multiyear distribution deal will enable Sabre-connected travel agencies to offer Scandinavian Airlines' future NDC content, Sabre announced. Keep Reading Delta Opens New Newark Sky Club Delta Air Lines has relocated to Terminal A from Terminal B at Newark Airport, and with the move has opened a new Delta Sky Club. Keep Reading Back In The Family Business, Casto Looks To Grow Agency BPO Operation Subscribe to the Beat 69.1% July U.S. hotel occupancy, according to STR, down 0.5 percentage points year over year. Check It Out Qantas to Further Increase International Capacity Qantas plans to add more seats over the next year to and from Australia with a mix of larger aircraft and expanded frequencies. Keep Reading Ramp Lands $300M Investment Corporate spend management startup Ramp has raised $300 million in Series D funding. Keep Reading 301 Route 17 North, Suite 1150 Rutherford, New Jersey, USA 07070

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