Starwood: Rise In Business Travel Mitigated Late '09 Revenue Decline
02.05.2010 -- Starwood Hotels & Resorts Worldwide, while posting a fourth-quarter 2009 loss yesterday, credited a boost in business travel demand with mitigating declining revenues during the final months of last year. Read More>>
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HRG Measures Depths Of 2009 Corporate Hotel Rate Drops
02.04.2010 -- Houston and Ottawa were the only cities worldwide where hotel rates rose in 2009, according to travel management company HRG. Houston experienced a 7 percent increase in local currency, which HRG attributed to the continuing strength of the oil and gas sector. Ottawa was up 3 percent, although HRG did not venture an explanation for this rare exception to an otherwise consistent picture of rate declines, often by double-digit percentages. Read More>>
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UBS Forecast Sees Slow Rise In Airline Capacity
02.03.2010 -- Following two years of sustained capacity cuts, domestic airlines are expected to slowly add supply this year, though full-year growth should register a modest 1 percent from 2009 levels, according to a forecast issued today by UBS. Read More>>
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Amadeus, Concur To Create Integrated Booking, Expense Tool
02.02.2010 -- Concur and Amadeus IT Group today announced an alliance to combine their technologies for an integrated booking and expense tool, marking Concur's first such tie-up with a booking tool outside of its own Cliqbook offering. Read More>>
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Amex, FCm Relaunching Small, Midsize Offerings
02.01.2010 -- American Express Business Travel and FCm Travel Solutions coincidentally are relaunching separate service offerings to small and medium enterprises this week under unified multinational branding. Amex is repackaging its SME services starting Tuesday under the name AXcentis in the United States, Canada and Australia and AXcent in the United Kingdom, France and Nordic region. FCm's SME business has been rebranded under the name Corporate Traveller, launching today in Australia, Canada, New Zealand and South Africa, with the United Kingdom to follow next week. Read More>>
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Amex, Concur Fold TMC Services Into Payment, Expense Pact
01.28.2010 -- American Express and Concur today announced an expansion of their relationship to include American Express Business Travel, combining payment, expense reporting and travel management services into a single package. Read More>>
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Airlines See Signs Of Slow Growth, Delta Invests In Amenities
01.28.2010 -- Major domestic airlines this week and last reported signs that corporate travelers are returning to the skies, including a slow migration back toward the front of the plane, more bookings within a 14-day window and growth in overall corporate spending and traffic. Still, carriers reporting fourth-quarter financial results cautioned that corporate travel recovery remains a slow and delicate prospect with progress skewed by comparing end-of-the-year trends to the abysmal close of 2008. Read More>>
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Marriott Launches Onsite Remote Conferencing Studios, Plans For 25 By Summer
01.27.2010 -- Marriott International today launched its first two remote conferencing studios under its new GoThere Virtual Meetings brand and further detailed its plans to expand the technology to a total of 25 properties by this summer. Read More>>
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NBTA Europe Initiates Advisory Board Appointments
01.27.2010 -- NBTA Europe today announced the first appointments to its inaugural advisory board, which will hold its first meeting Feb. 9 in London, where it will begin to map out advocacy initiatives, board member terms and requirements and plans to expand the advisory board. Read More>>
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Smith Travel Details Depths Of 2009 Hotel Performance
01.26.2010 -- Smith Travel Research this week reported final 2009 performance data for the U.S. hotel industry showing across-the-board decreases in all metrics for all major markets. Read More>>
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Runoff Winner Bochicchio To Fill ACTE At-Large Board Seat
01.25.2010 -- The Association of Corporate Travel Executives today announced that MasterCard Worldwide vice president and multinational corporate program lead Leigh Bochicchio has been elected to the at-large board seat in the association's first-ever runoff vote. Read More>>
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Amex Reports Corporate Travel Sales Stabilizing After Deep 2009 Drop
01.22.2010 -- Reflecting the depths reached by the corporate travel industry in 2009, American Express' global corporate travel sales shrunk 30 percent year over year to $14.6 billion, the company announced late yesterday in its fourth-quarter earnings call. That slide, however, seems to have stabilized as its global corporate travel sales were $4.1 billion in the quarter, a more moderate 5 percent decrease compared with last year. Read More>>
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Obama's TSA Nominee Withdraws
01.20.2010 -- President Barack Obama's pick to run the Transportation Security Administration, Erroll Southers, today withdrew his nomination from the post as he faced increasing scrutiny from his tenure at the Federal Bureau of Investigation two decades ago and renewed vows to block his confirmation. Read More>>
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Travelport To Launch IPO On London Exchange
01.19.2010 -- Travel technology company Travelport this morning announced its intention to float on the London Stock Exchange. The Initial Public Offering is expected to place about 50 percent of the company's equity in public ownership in the next four to six weeks. Read More>>
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Republic Airways Melding Midwest, Frontier Sales, Reservations
01.19.2010 -- Republic Airways Holdings this month said it continues to integrate its two recently acquired airline brands—Frontier Airlines and Midwest Airlines—with the aim of shifting to a single reservations system and integrating a single corporate salesforce by the midpoint of this year and ultimately bringing its cost structure in line with industry-leaders AirTran Airways and Southwest Airlines. Read More>>
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Starwood Amends Suit To Implicate Top Hilton Executives
01.15.2010 -- Starwood Hotels & Resorts on Thursday filed an amended version of its complaint of corporate espionage against Hilton Worldwide, claiming that the use of its confidential information "was known to literally dozens of executives within the Hilton organization," including at least five members of Hilton's executive committee, all the way up to CEO Christopher Nassetta. Read More>>
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U.S., EU Seeking To Step Up Open Skies Talks
01.14.2010 -- The United States and European Union are accelerating second-stage Open Skies negotiations in the hopes of finalizing an agreement in the first half of the year, though a number of key issues including foreign ownership remains in dispute, the chief U.S. negotiator told BTN last month. Read More>>
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Hertz, Dav El Initiate Marketing, Distribution Pact
01.13.2010 -- Hertz and Dav El Chauffeured Transportation today launched a multiyear marketing, sales and distribution partnership primarily designed to cross-promote each company's services to corporate travelers through Hertz.com and their reservation centers. Read More>>
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Continental, Delta Upping Checked-Bag Fees
01.12.2010 -- Continental Airlines and Delta Air Lines once again are upping the fees they charge domestic economy passengers to check a first and second piece of luggage. Read More>>
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Airline CEOs Content With Current Capacity
01.12.2010 -- DALLAS-- Chief executives from American Airlines and Southwest Airlines this week said they don't expect to restore capacity within the next 18 months and that more industry consolidation during that period remains a possibility. Read More>>
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