Air Continuous Pricing Primer; 2024 Hotel Forecast; Carriers' Q3 Demand

	October 25, 2023

Airline Continuous Pricing, Explained

By Donna M. Airoldi

As the New Distribution Capability airfare standard has increased in prominence in the business travel marketplace in recent years, so too has the concept of "continuous pricing." But what does that term mean, how does it differ from traditional pricing and dynamic pricing, and why should travel buyers care? Keep Reading

Amex GBT Projects Higher 2024 Hotel Rates, Occupancy

Global hotel rates will increase in 2024 amid continued inflation and variable supply and demand scenarios, according to a new report from American Express Global Business Travel. Keep Reading

Wyndham Rejects $7.8B Choice Bid

Wyndham Hotels & Resorts' board of directors rejected a $7.8 billion acquisition offer publicly issued by Choice Hotels International, and said in a statement that "it is not in the best interest of shareholders to accept the proposal." Keep Reading

Corporate travel has come back. It comes back and then plateaus, comes back and plateaus. And I think you'll see another wave of return."

- Delta's Ed Bastian

Delta: Corp. Travel 'Enabling' Revenue Growth

Delta Air Lines' corporate travel demand in the third quarter continued to "steadily improve," particularly as "corporates continue with return-to-office initiatives," executives said during an earnings call. Keep Reading

In Q3 Call, United Seems to Lean into Leisure Travel

Business travel barely received a mention by United Airlines executives during an earnings call. CEO Scott Kirby noted it was "nice to see recent momentum in the segment, but also increasingly the leisure customers as well." Keep Reading

American: Q3 Revenue Flat as 'Modern' Bookings Near 80 Percent

During the third quarter, 78 percent of American Airlines' bookings came through "modern distribution technology," which includes its website, mobile app and NDC-enabled channels. Keep Reading

Alaska: 'No Upside Benefit' from Q3 Corp. Travel

Corporate travel's lagging recovery has negatively affected shoulder seasons for Alaska Airlines, executives said on an earnings call. Keep Reading

Amex: Int'l Growth Offsetting U.S. Commercial 'Softness'

Travel and entertainment spending by American Express corporate customers increased 6 percent year over year to $27 billion in the third quarter of 2023, as the financial services giant reported slowing SME growth. Keep Reading

IHG: Q3 Corp. Transient Revenue Exceeds '19

Business transient revenue at IHG Hotels & Resorts worldwide increased 6 percent year over year and was 3 percent higher than the third quarter of 2019, hotel company executives said Friday during an earnings call. Keep Reading

German T&E Platform Lanes & Planes Draws $35M in Funding

Munich-based corporate travel and expense platform Lanes & Planes announced $35 million in a recent funding round, which it will use for growth and expansion. Keep Reading

ARC: September Air Sales Show Seasonal Declines

Total September 2023 air ticket sales declined 6 percent from August 2023 to $7.6 billion as the peak summer travel season wound down, according to ARC. Keep Reading

STR: Sept. Hotel Rates Rise, Occupancy Slips

U.S. hotels' average revenue and daily rates rose in September year over year, but occupancy fell, according to STR; however, all metrics increased month over month. Keep Reading