
Articles
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1 week ago |
businesstravelnews.com | Elizabeth West
BTN Looks Back TMCs make plans to massively invest in tech; meanwhile, a new kind of tech disrupts the industry, first by flouting policy, then by turning travel tech expectations on their head. This is going to be a short intro today, which is not to saythat 2014 was short on news. In fact, there was some blockbuster news for theindustry in 2014 that would have reverberations for a decade—which obviouslymeans those reverberations are still being felt by organizations today.
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1 week ago |
businesstravelnews.com | Elizabeth West
About 18 BTN Corporate Travel 100 companies spoke to BTN last week about managing travel in a volatile economy. Their tactics apply to companies of all sizes. Global markets have been on a roller coaster in April, as governmentsand economies reacted to the Trump Administration’s “now-you-see-them,now-you-don’t” tariff strategy that went into full effect last Wednesday butonly for about 12 hours before the White House put a 90-day pause on the table.
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2 weeks ago |
businesstravelnews.com | Elizabeth West
President Donald Trump’s 90-day “pause” on some tariffs that would have gone into effect Wednesday sent Wall Street into euphoria territory, regaining much of last week’s losses. The S&P 500 spiked more than 9 percent. The Dow Jones Industrial Average ended the day up 2,962 points or more than 7 percent to close at 40,608. Travel stocks, hammered at the end of last week, surged on the news. United Airlines was up more than 26 percent. Delta Air Lines was up more than 23 percent.
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2 weeks ago |
businesstravelnews.com | Elizabeth West
The Trump Administration’s move to impose tariffs on importsfrom more than 90 nations began to take effect last week, sending a shock wavethrough stock markets around the globe. It also sent a wave of uncertaintythrough the corporate travel sector, according to respondents to a BTN flashsurvey fielded April 3 to April 4, about how their companies would respond tothe market shake up in terms of expected business travel volume for 2025.
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3 weeks ago |
businesstravelnews.com | Elizabeth West
BTN Looks Back TMC value spends a year under intense scrutiny. Meanwhile, debate begins around IATA's new concept called New Distribution Capability. If the industry in 2012 continued to claim that travel buyersweren’t that interested in program alternatives like Concur’s Open BookingInitiative, by 2013 it would become a much harder argument to make.
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