BTN's 2024 Corporate Travel Index; 2024 Corp. Price Forecasts; Q4 Performance

 

View as webpage

February 28, 2024 BTN's 2024 Corporate Travel Index BTN's annual presentation of business travel per diems for 100 U.S. cities and 100 non-U.S. cities, detailing hotel, meal and car rental costs, is the industry's definitive resource of business travel costs. The Corporate Travel Index Calculator is updated quarterly with hotel, car rental and market safety data. Read More United Joins American in Raising Checked-Bag Fees A week following the news that American Airlines had raised its checked-bag fees, United Airlines has done the same, the carrier confirmed. Keep Reading AA Sets New Loyalty Restrictions, Plans Preferred Agency Status American Airlines loyalty program members, outside of AAdvantage Business members or contracted corporate travelers, beginning May 1 no longer will earn miles for flights booked outside of American, its partners or a "preferred" travel agency. Keep Reading FCM Report Shows Q4 Rise in Global Corporate Airfares Both economy and business fares are up hefty double-digit increases globally; North America business fares, however, bucked the trend. Keep Reading CBRE Again Projects 2024 U.S. RevPAR, Rate Gains Citing improving business travel, international and group demand, CBRE Hotels Research reiterated its projection for gains in 2024 U.S. occupancy, ADR and RevPAR. Keep Reading Altour Projects Increasing but Stabilizing Business Travel Costs Travel costs in 2024 should increase year over year but not at the "torrid" pace seen in the previous two years, according to Altour's 2024 Industry Forecast. Keep Reading GBTA: Survey Sentiment 'Bodes Well' for 2024 Business Travel Most travel buyers expect business travel spending and volume to increase in 2024 compared with last year, according to a GBTA poll. Keep Reading Advito Looks to Boost Hotel Balance with New Platform Too much focus on sourcing inspired Advito to take a broader focus on hotel program management, particularly for small and midsize organizations. Keep Reading New Emburse CEO Ready for 'Goliath' Showdown Q&A with Emburse CEO Marne Martin New Emburse CEO Marne Martin talks with BTN's Michael B. Baker about the durability of expense management services and strategies in taking on the 'Goliath' Concur. Keep Reading Business demand continued to strengthen, both in terms of occupancy and pricing. We returned to regular renegotiation of corporate rates on an annual basis, which continues to drive ADR." - IHG's Michael Glover Read More Sonder to Lay Off 17 Percent of Corp. Workforce Sonder looks again to workforce reductions to shore up finances. The latest is expected to deliver $11 million in annualized savings. Keep Reading Hyatt Reorgs Americas Structure, Adds Execs Hyatt added to its Americas region two subregions: one for the United States and Canada and one for Latin America and the Caribbean. Keep Reading Survey: Hotel Staffing Shortage 'Slowly Improving' Record-high wages and unprecedented mobility in hospitality career paths are boosting recruitment, according to AHLA. Keep Reading Hawaiian Airlines Stockholders OK Alaska Deal Hawaiian Airlines' stockholders have voted to approve the proposed merger with Alaska Air Group. The transaction remains subject to regulatory approval. Keep Reading Singapore to Charge Passenger Fee for Required SAF Use Beginning in 2026, Singapore will require flights departing from the island nation to use sustainable aviation fuel, and customers will be charged a SAF levy. Keep Reading Travel Supplier Q4 Earnings Reports Sabre: Q4 Air Bookings Growth Slows Amid 'Temporary' Corp. Travel Slowdown Marriott: Q4 Corp. Travel Growth Set to Continue in '24 Recovering Corp. Travel Boosts Hilton's Q4 Accor CEO: 'I Was Wrong' on Predicted Corp. Travel Cuts Hyatt: Q4 Revenue Up on Corp. Travel 'Momentum' IHG: Business Travel Room Nights Near Pre-Pandemic Levels Choice Reiterates Wyndham Pursuit as Q4 Performance Slides Wyndham: Q4 RevPAR Slips Amid Choice 'Distraction' Client Retention, Growth Boost Flight Centre Half-Year Corp. Business CTM: Client Wins Offset 'Negative Sentiment' for Revenue Growth Avis Budget: Corp. Demand, Prices Above 2019 Levels Citing Cost Challenges, Hertz Reports Q4 Loss Lyft: Q4 Revenue Up, 2023 Rides Set Record Amid Q4 'Strength,' Uber for Business Partners with Brex, Ramp Air Canada Q4 Revenue Up on 'Strong' Demand  As U.S. Business Rebounds, TAP Air Portugal Targets Corps. Q&A with TAP's Carlos Antunes TAP Air Portugal director for the Americas Carlos Antunes talks with BTN's Donna M. Airoldi about the recovery and state of the carrier's business travel segment, future NDC  plans and what corporations are looking for in an airline partnership. Keep Reading Sales Vet Kristen Shovlin to Retire from Delta  Read More U.S. Ext.-Stay 2023 Rates Rise Amid Low Supply Growth  Read More Garcia Joins Altour as Global Sales and Strategy SVP  Read More PwC: Q4 Manhattan Hotel Rates, Occupancy Again Up  Read More Latam's St. George to Return to JetBlue as President  Read More STR: January U.S. Occupancy Slips as Rates Rise  Read More Wheels Up Reorgs Operations Team  Read More ARC: January U.S.-Based Air Sales Set Record  Read More Canada's Lynx Air Ceases Operations  Read More Cirium: January On-Time Air Performance Nosedives  Read More EU OKs Korean Air-Asiana Merger  Read More SITA: 2023 IT Spend for Airlines, Airports Up  Read More Court Sets JetBlue-Spirit Merger Appeal Timeline  Read More Convene Partners for Hotel Sourcing Services  Read More 301 Route 17 North, Suite 1150 Rutherford, New Jersey, USA 07070

Did someone forward this to you? Subscribe Here!

Privacy Policy To unsubscribe from BTN Travel Procurement, Click Here