American Express GBT's top boss Paul Abbott knows that having a distributed workforce can boost business travel spending. The travel management giant itself went 90 percent remote in the U.S. several years ago, and it saw its business travel expenses rise.
Plenty of money is out there to buy up hotel assets during the pandemic, but various rounds of stimulus and bank forgiveness may prevent the wave of deals Dreamscape and other investors hope to find.
For any regulators listening, Booking.com is a powerful force in the European hotel industry. So is Google. There's no way around it, despite the spin from the CEO.
It will certainly be a challenge to transform Hertz's business. However, the car rental company is not only getting a financial lifeline, but also an assist from private equity firm Certares' wide-ranging travel rollup strategy. This will be a long-term play.
The corporate travel sector is evolving in response to the dramatic changes caused by Covid-19. But what does the future hold? Skift and TripActions explore what's next for this critical sector in this new report.
The corporate travel sector is evolving in response to the dramatic changes caused by Covid-19. But what does the future hold? Skift and TripActions explore what's next for this critical sector in this new report.
We're bringing together the brightest minds in corporate travel — one of the sectors hit hardest during the pandemic — for frank conversations on how corporate travel will return, how technology is reshaping this sector, and the evolving role of buyers as we see an increasingly remote workforce globally.