These eventual cuts will be as good an indicator as any of the pandemic's impact on corporate travel volumes for 2021. Other agencies, in other regions with less strict employment legislation, may not be that far behind.
It's an updated version of the classic bait-and-switch, and any travel business that comes in will be welcome after the Ebix deal fell through earlier this year.
The year has been so horrible for the travel sector that it can be easy to forget about consumers' pent-up demand to explore the world. This survey is a helpful reminder.
From the outside, it seems the travel management company has gone into survival mode. Post-Covid, it will look a lot leaner, and more attractive to potential buyers.
In coronavirus-related stories this week, Skift covered actor Will Smith's favorite business travel startup, major airlines eliminating change fees, the seeming end of the ex-pat lifestyle, and how Sonesta took advantage of an IHG default.
It makes sense in the current moment for TripActions to add so-called bleisure options for road warriors using its platform. The potential gains are limited, however, because vacation-minded road warriors and their families would have a ton of other choices.
Companies that raised money before the crisis are sailing through it. Look at Groups360, which got $50 million from Marriott International, IHG, Accor, and Hilton a year ago, and has grown since.
There could be a trickle-down effect from the elimination of fees to corporate travel management, but it’s unlikely business passengers were front of mind when the airlines made the call.
Kent Taylor, who runs a company called My Private Ranger, knows the National Park service like the back of his hand. But navigating it during a pandemic has been a new kind of challenge.