[ad_1] November domestic roundtrip airfares declined about 3.5 percent from October levels to $558, according to Airlines Reporting Corp., the first such month-over-month decline since August. The November 2022 fare is up from $464 one year prior.  November ARC-accredited travel agency air ticket sales totaled more than $6.5 billion, up 46 percent year over year but…

[ad_1] Business travel must evolve to have “higher impact, lower footprint and greater inclusivity” as it recovers from the Covid-19 pandemic, according to a platform posted on LinkedIn by Eric Bailey on behalf of Microsoft Travel.  The document was developed from Microsoft Travel’s “Purposeful Travel Summit” hosted near Carmel, Calif., last June, which included travel…

[ad_1] Business spend management provider Coupa Software plans to go private next year via an $8 billion acquisition by software investment firm Thoma Bravo, the company announced this week. Per the agreement entered into by Coupa, shareholders will receive $81 per share in cash, a 77 percent premium to the Nov. 22 closing price. A…

[ad_1] FairFly has developed a tool to automate miscellaneous change order processing for travel management companies, the travel technology provider announced. MCOs are issued when a flight ticket is exchanged for a lower fare, with travelers being credited for the residual amount. With FairFly’s AutoMCO tool, TMCs can queue passenger name records into the tool…

[ad_1] American Express Global Business Travel chief revenue officer Michael Qualantone will retire next year after 34 years with the company, Amex GBT announced this week. Qualantone will stay with Amex GBT through June 30, 2023, and will begin transitioning his duties to SVP of partner solutions and supply marketplace Rajiv Ahluwalia, who is being…

[ad_1] American Airlines SVP of finance and investor relations Devon May will become the company’s CFO, effective Jan. 1, 2023, the company announced Tuesday. May will replace Derek Kerr as part of what the carrier termed as a “long-planned succession process.” Kerr will remain with American as vice chair, president of American Eagle and strategic…

[ad_1] United Airlines has placed an order for 100 Boeing 787 Dreamliners, the companies announced Tuesday, and will take delivery of the new widebody planes between 2024 and 2032. United also exercised an option to purchase 44 Boeing 737 Max aircraft for delivery between 2024 and 2026 and ordered 56 additional Max planes for delivery…

[ad_1] CBRE Hotels Research cites staffing shortages, cost control and straggling group travel through April 2022 among the top causes for the U.S. hotel industry’s lagging food and beverage department revenue, according to a recent company report.  While U.S. hotel rates and revenue per available room in 2022 peaked over pre-pandemic levels in 2022, which CBRE…

[ad_1] 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…

[ad_1] Michael Glover will take over as CFO for InterContinental Hotels Group, effective March 20, the company announced Tuesday. Glover will succeed Paul Edgecliffe-Johnson, who announced his departure in October ahead of the company’s third-quarter earnings call.  Glover currently is IHG’s CFO of the Americas and group head of commercial finance. He previously held positions as group financial…