Mtgs. Cost Containment; Q2 Travel Cost Projections; NDC Strategy Updates

Also, airlines detail corporate travel performance in Q1 

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April 24, 2024 Is Meetings Cost Containment Possible? By Chris Davis Buyers are fielding requests for meetings with precious little lead time, often with little flexibility, and they're facing a market in which hotels, with stout demand projections in hand, may not be particularly interested in negotiation. Where to next? Also see BTN's full Meetings Strategy Survey report.  Advito Q2 Index: Intercontinental Fares Down, Hotel Rates Rise Intercontinental airfares in the second quarter are declining as average daily hotel rates are having "significant" increases across several markets, according to Advito. Keep Reading American Postpones 'Preferred' Agency Deadline American Airlines has postponed to July 11 from May 1 its deadline for changing the ways travelers can earn AAdvantage loyalty program miles and points and announcing  newly designated preferred travel agencies. Keep Reading Delta Unveils NDC Strategy, With an Eye to 2025 After much speculation about when Delta Air Lines would enter the world of NDC, the industry has an answer. The carrier is building an NDC solution and intends to have some "milestone releases" available in late 2024. Keep Reading AmTrav Documents 12-Month AA NDC Fare Differentials TMC AmTrav ever since American Airlines in 2023 removed some content from EDIFACT channels has been tracking the carrier's fare availability and price differentials, and released the one-year review of its findings. Keep Reading We're really encouraged by what we see in terms of corporate bookings as we look forward through this quarter and into the next couple of quarters." - Delta's Glen Hauenstein Read More Delta: 'Sustained Acceleration' in Q1 Corp. Travel Delta painted a stark picture of increasing business travel demand, noting "sustained acceleration" of corporate sales, executives said during the carrier's earnings call. Keep Reading JetBlue: Double-Digit Q1 Growth in Contracted Corp. Business In an otherwise downcast quarter for the carrier, increasing business travel volume proved a silver lining. Keep Reading Alaska Airlines: 'Stunning' Corp. Revenue Growth During Q1 The start to the first quarter for Alaska Airlines was rocky at best, but the carrier recovered in part due to the return of West Coast business travel. Keep Reading Amex Commercial Client T&E Spending Grows to $28B in Q1 T&E spending by American Express U.S. commercial customers increased 4 percent year over year in the first quarter even as the company reported "soft" spending trends from its small and midsized commercial customers. Keep Reading Investor Group Led by Steve Singh Acquires Direct Travel A group of investors led by entrepreneur and Concur co-founder Steve Singh has acquired Direct Travel, with plans to expand the TMC's footprint. Keep Reading ARC: March Corp. Agency Trips Decline, First Since 2021 The number of passenger air trips in March sold by U.S.-based corporate travel agencies and settled through ARC declined year over year for the first time since 2021. Keep Reading STR: March U.S. Occupancy Again Slips, Rates Inch Up The March U.S. hotel average daily rate increased slightly year over year while occupancy again declined, according to hotel analytics firm STR. Keep Reading Amadeus: Sustainability Tops Buyers' Tech Investment List Reaching sustainability goals is corporate travel managers' top priority for trip management technology investment, according to an Amadeus-commissioned survey. Keep Reading BA Selects Amadeus for Offer-and-Order Strategy British Airways will use the new Amadeus Nevio product to deliver the carrier's Offers and Orders strategic goals. Keep Reading Amadeus Completes Vision-Box Acquisition Amadeus has completed its €320 million acquisition of airport, airline and border control biometrics solution provider Vision-Box. Keep Reading Wyndham Unveils Loyalty Program for Corp. Clients Wyndham Hotels & Resorts has launched a loyalty program for businesses that allows corporate clients to accrue points for hotel stays. Keep Reading Nasdaq Warns Sonder on Financial Filings Short-term accommodation provider Sonder Holdings acknowledged it had received a "delinquency notice" from Nasdaq regarding its listing. Keep Reading Former CRO Liu to Return as Navan Travel CEO  Read More IHG Partners to Double German Presence  Read More JetBlue Names Shurz Head of Revenue, Network  Read More Conversions Fuel Marriott Europe Expansion Plans  Read More Former Concur Exec to Lead Cytric Commercial Strategy  Read More StayAPT Deal to Double U.S. Presence  Read More Mastercard Restructures Leadership Organization  Read More Choice Names Wadholm SVP of Core Brands  Read More Cvent Names Heckmann Chief Customer Officer  Read More Loews Hotels Names Flannery COO  Read More ATPCO Promotes Phillips to Chief Commercial Officer  Read More Reed & Mackay Hires Operations Leader for North America  Read More Wyndham Unites Commercial Org Under Strickland  Read More FCM M&E Restructures Americas Leadership  Read More Fox World Travel Adds Three to Sales Team  Read More Baldassari to Head Europcar in U.S.  Read More 301 Route 17 North, Suite 1150 Rutherford, New Jersey, USA 07070

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