Articles tagged “ctir”

It’s no surprise that business travel is seen as a great way to help launch your career, but it also stresses out young professionals and negatively impacts their personal lives.

Travelport, essentially, wants to integrate blockchain into the platform it is developing without throwing out the existing distribution technology it uses. The technology could find its niche in the company's offerings, even as others develop more disruptive and flexible marketplaces for travel selling using blockchain, too.

The global distribution systems are finally moving away from the antiquated legacy systems that frustrate travel providers. Will their new cloud-based systems usher in a new era for corporate travel, or help maintain the status quo?

The global distribution systems are each pushing forward in their own unique way. By investing like technology companies in flexible distribution and payment technologies, they hope to provide a better value proposition to travel partners that are keen to cut out the middleman. Decades of bad blood between the two, however, still linger over the conversation.

Startups are about ideas, some good and some bad. Skift has put together a list of some of the top travel startups, which we think have some pretty good ideas — far-ranging business models that will help anyone in corporate travel understand the future.

By revenue and booking volume, Serko remains a small player among global travel management companies. Its technology prowess, however, has outstripped many of the bigger players, setting it up for future expansion.

Sabre has slimmed down over the last year and is investing in its airline and hospitality technology products. Find out more from CEO Sean Menke at the Skift Tech Forum on June 12 in Santa Clara, Calif.

In a somewhat bizarre twist, even hotel chains are beginning to provide travel management tools to small businesses. This further underscores how much some growing businesses don't really want to deal with a travel management company at all.

Hotel companies are reporting strong earnings from corporate business. This is as good a sign as any that the latest business travel boom has continued into 2018, and it will be interesting to see how this tees up corporate hotel rate increases that make business travel even more expensive for companies.

Corporate travel continues to grow as the global economy hums along immune to the geopolitical issues cropping up around the world. How long can it last? And will increasing hotel rates eat away at the increased spending made by corporations?