[ad_1] After a nearly €2 billion net loss in 2020, the Accor Group recovered for an €85 million net profit for 2021. “We never showed fear,” said chairman and CEO Sebastien Bazin, “but we were in a very challenging environment.”  That challenge very much included business travel, the drastic decline of which Bazin detailed with data…

[ad_1] Global distribution system provider Travelport and Qatar Airways have signed a new multi-year distribution agreement, the carriers announced Thursday. The expanded agreement for the first time will include New Distribution Capability content, according to the company, as well as advanced travel merchandizing solutions, delivered via the Travelport Plus platform. The contract also includes the…

[ad_1] Flight Centre Travel Group expects February will be its best month since the pandemic began, including corporate travel recovery, following a “short-term omicron downturn,” the travel management company said in its earnings report for the first half of the 2022 fiscal year. So far in February, Flight Centre’s transaction volume for both corporate and…

[ad_1] David Lavorel Airline industry technology provider SITA has named David Lavorel as its new CEO.  Lavorel has been with SITA for more than 20 years, most recently as CEO of SITA’s airports and border business, and he also served as CEO of its aircraft technology subsidiary.  He succeeds Barbara Dalibard, who had been CEO…

[ad_1] Virgin Atlantic in the first week of March will resume flights between London Heathrow and Seattle and Washington, D.C., completing its “full roster” of U.S. destinations, the carrier announced Thursday. In addition, the airline will increase frequency on some other U.S. routes. The carrier cited “renewed customer confidence” and a 50 percent year-over-year increase…

[ad_1] Days after the United States and dozens of other countries counseled their citizens to leave Ukraine immediately, Russia early Thursday launched an invasion of the country. This post will be updated as events warrant. Ukraine on Thursday closed its airspace to all commercial flights, with the Ukrainian State Air Traffic Services Enterprise indicating on…

[ad_1] Hertz’ bankruptcy restructuring allowed the rental car company to exit or renegotiate “a number of unprofitable [corporate] contracts,” which later became “almost all of our [corporate] contracts,” Hertz interim CEO Mark Fields said Wednesday during a fourth-quarter earnings call.  “We view as corporate and business travel returns, that will be a favorable tailwind for…

[ad_1] Amadeus is partnering to distribute through its booking channels Vienna-based Covid-19 testing and certification platform provider TestFwrd’s self-testing solution. TestFwrd operates the IdentyMe digital certification and verification app, with which users can buy compatible home-testing kits and, because users are identified by biometric data and artificial intelligence, use them without the involvement of medical…

[ad_1] Corporate spend management startup Ramp has released a travel-specific solution designed to help companies enforce policies, ease expense reporting and provide data to travel managers. The Ramp for Travel tool, which Ramp is making available at no additional charge for its current clients, lets travel managers set policies for air, travel and lodging and…

[ad_1] IHG Hotels & Resorts on Tuesday posted global group operating profit of $494 million for full-year 2021, swinging into the black from 2020’s $153 million operating losses. Full-year revenue reached $2.9 billion, gaining 21 percent on full-year 2020. While not yet reaching 2019 levels, those numbers gave IHG executives “confidence in the shape of…