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Friday, February 16, 2024

Sabre: Q4 Air Bookings Growth Slows Amid 'Temporary' Corp. Travel Slowdown



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February 16, 2024
Sabre: Q4 Air Bookings Slow Amid 'Temporary' Corp. Travel Slowdown
By Michael B. Baker
Air bookings through Sabre's global distribution system slowed in the fourth quarter of 2023 due in part to a slowdown in corporate travel, though executives said that slowing trend has reversed in the first weeks of 2024. Keep Reading
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Vote in BTN's 2024 Car Rental Survey
Travel managers can click here to participate in BTN's 9th annual Car Rental and Ground Transportation Survey, assessing suppliers in categories concerning service, products, technology and pricing and negotiations. 
CBRE Again Projects 2024 U.S. RevPAR, Rate Gains
Citing improving business travel, international and group demand, CBRE Hotels Research on Thursday reiterated its projection for year-over-year gains in 2024 U.S. occupancy, ADR and RevPAR. Keep Reading
Wyndham: Q4 RevPAR Slips Amid Choice 'Distraction'
Wyndham's U.S. RevPAR declined 4 percent in an environment of cooling leisure travel and the "distraction" of Choice Hotels International's hostile pursuit of the company. CEO Geoff Ballotti reiterated the Wyndham board's opposition to the bid in the company's earnings call. Keep Reading
ARC: January U.S.-Based Air Sales Set Record
January U.S.-based agency air ticket sales surpassed $8.9 billion, a new January record, ARC announced. Keep Reading
Enterprise to Enter Thailand
Enterprise Mobility has partnered with Thai Rent a Car to add new franchise locations in Thailand for the Enterprise, National and Alamo car rental brands. Keep Reading
 
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