Business Travel News - Travel Management

Egencia Bookings Continue Steady '09 Comeback

2009-10-29

Egencia's gross bookings decreased 10 percent year-over-year to $344 million in the third quarter, but its top-line performance has steadily improved since the second half of 2008, said the travel management company's parent Expedia today in its third-quarter earnings report.

Amex Sees Corp. Card Volume Rise From Q2, But Travel Steady

2009-10-23

American Express' corporate travel sales made little gain in the third quarter from the year's first two, though corporate card spending continued quarter-over-quarter growth, the company disclosed yesterday as it announced a quarterly profit.

Travelocity Business Names Sabre Exec New President

2009-10-21

Travelocity Global late yesterday announced several senior executive changes, including the appointment of Yannis Karmis as president of Travelocity Business, effective Nov. 1. Karmis replaces Lesley Harris, who has shifted to the leisure online travel agency side of the company as head of North American Hotels and Packaging.

Pre-Trip Lever Easier To Pull

2009-10-19

The percentage of companies with a pre-trip authorization policy has crossed firmly into the majority in the past year, as cost-conscious corporations have sought to manage traveler demand and bolster compliance.

Profiles In Travel Management: Nokia Policy Balances Work, Life, Savings

2009-10-19

Nokia in June rolled out a new global travel policy focused on striking the proper employee work/life balance while also significantly paring travel spending. Through the first nine months of 2009, Nokia cut its overall travel expenditures in half year over year to â¬100 million. Yet, the Finnish mobile telecommunications and device maker plans to take its behavioral change and savings initiatives even further.

Amex Leadership Shift Puts Chenault Closer To Travel

2009-10-19

American Express this month announced that its business travel and commercial card leaders now report directly to chairman and chief executive Kenneth Chenault.

Amex Restructures Senior Management

2009-10-05

Reflecting the company's focus on growing its business travel and commercial card segments, American Express today announced the leadership of both units now will report directly to chairman and chief executive Kenneth Chenault.

2010 Budget: Air Up, Hotel Down

2009-10-05

Buyers should expect 2010 airfares to increase by single-digit percentages and hotel rates to continue to fall, especially in the early part of next year, according to recent industry forecasts and analysts, who project total business trip costs to creep up in the second half of 2010 as economic activity and, in turn, business travel begins to increase.

Industry Trying To Assess ROI

2009-10-05

The National Business Travel Association and the U.S. Travel Association recently released studies that measure the return on investment of business travel and indicate how business travel spending can impact revenue generation.

Profiles In Travel Management: Kodak Developing Global Travel Picture

2009-10-05

Eastman Kodak's multiyear global agency consolidation initiative, which this year expanded to 35 countries, has enabled the company to reduce costs, increase service center efficiency and greatly expand its online booking program, including deployments in Australia, Brazil and China.