The research arm of investment bank Truist reported on a conference call it held with corporate travel data company Tripbam. Takeaways included that any indications of a recession have not yet shown…
Most businesses reopened their offices during the past few months, or held their first company retreats in years, leading to a surge in travel. But where do you go from there? Airline execs should be worried because things could be about to tail off.
Companies are holding their nerve, because hotels have the upper hand right now when it comes to dictating rates. It’s a gamble leaving negotiations until so late, but you have to question how long prices can keep climbing.
Many predicted business travelers would cut back on the number of trips they take, opting for longer stays instead. That prophecy's come true, with five-star hotels benefiting most from their higher rates.
This North Carolina boutique property is bringing in retail partnerships to help it stand out from the crowd as more hotels start competing for the return of incentive and retreat bookings.
Buying up niche startups can only take you so far, because at some point you've got to consolidate. Coupa’s new travel and expense platform neatly sums its acquisition strategy to date, but some features could be a little hit-and-miss.
More companies are opting for dynamic and not static pricing because there's little risk of rates getting back to 2019's highs this year. Are airfares next?
Hotel group Accor has big ambitions in Asia for its co-working brand Wojo. But it probably shouldn't count on the region rolling out the red carpet for remote workers.
Travel buyers stand to gain from dynamic pricing, but this could just be a quick win if hoteliers take a longer term view of that pricing after a recovery.