Spurred by persistent inflation and labor shortages and in some regions capacity limitations, 2023 economy- and business-class airfares throughout the world are projected to increase year over year, according to a new report from American Express Global Business Travel. For some routes, particularly those to and within Asia, the travel management company predicts increases of … Read more
American Express Global Business Travel reported a nearly steady recovery rate in transactions for the third quarter, although executives said the company is seeing momentum in the coming months from a late-quarter pickup in corporate travel. The mega travel management company’s transactions in the third quarter were 29 percent below pre-pandemic levels of 2019, a … Read more
Hotel rates worldwide will increase again in 2023 thanks to pent-up demand for in-person meetings, but at a rate lower than 2022 due to the economic climate, according to a new American Express Global Business Travel report, released Wednesday. The travel management company in its Hotel Prices 2023 annual report forecasts rates for the next … Read more
Travelport and American Express Global Business Travel have signed a multi-year renewal agreement in which Amex GBT will upgrade to Travelport Plus, the global distribution system launched in 2021 that eventually will be the company’s sole GDS platform, replacing Apollo, Galileo and Worldspan, Travelport announced Tuesday. Travelport did not provide a timeframe for the technology change … Read more
Amex GBT EVP David Reimer discusses: Why travel disruption is ‘”here to stay” Recruitment to ensure consistent service Getting ready for a September travel ramp-up American Express Global Business Travel earlier this month released new tools aimed to help travel managers and travelers better handle flight disruptions. The travel management company’s global EVP of global … Read more
American Express Global Business Travel is launching new tools designed to help travel managers and travelers deal with flight disruptions, the company announced. One new feature is in the travel management company’s Proactive Travel Care in-trip assistance service, which monitors travelers’ trips and notifies them via an automated messaging system of delays or cancellations. Now, … Read more
Second-quarter transactions for American Express Global Business Travel recovered to 69 percent of 2019 levels, representing $6.5 billion of total value, and revenue recovered to 65 percent of pre-pandemic levels at $486 million, the travel management company reported in an earnings call. The transaction recovery, which takes into consideration Amex GBT’s acquisitions of Egencia and Ovation Travel Group, marked … Read more
Egencia customers now are able to access the meetings and consulting services of new parent company American Express Global Business Travel. The move is part of the further integration of Egencia into Amex GBT following the completion of its acquisition from Expedia Group in November 2021. It gives Egencia’s 9,000-plus customers around the world access to Amex … Read more