Mondee, which works on connecting travel agents with airlines, is on track to close a deal with a SPAC to go public at a value of around $1 billion, The Wall Street Journal writes. Mondee could potentially merge with ITHAX Acquisition Group, the report says,...
Airline cancellations are making news again as the omicron variant brings its own disruption, refueling a drama playing out over refunds that found major airline executives on Capitol Hill this week explaining policies and recovery snags that continue to frustrate millions of travelers. Though they...
Mysterious and much-maligned hotel “resort fees” and “amenities charges” may finally be on the run, after hospitality giant Marriott International recently became the first major hotel chain to commit to disclosing all such fees to guests upfront as part of the booking process. Will others...
Airlines are now aloft in greater numbers than at any time since 2019, and airline earnings are showing remarkable recovery. Along with the good optics is the more bothersome question of the bottom line, and whether airlines are making money at this stage of the...
This time of year is normally a happy one for New York City hoteliers, with international travelers flocking to experience the winter holidays in the Big Apple. But this is not a normal year, so it shouldn’t come as much of a surprise that signs...
As we get a clearer idea of the extent of travel and tourism disruption from the pandemic, companies are zeroing in on payments management to get the sector moving again. Noting that travelers canceled nearly 25% of bookings with U.S. travel and tourism companies with...
Question: When is a global travel conglomerate not a simply global travel conglomerate? Answer: When it’s also a FinTech. Discussing new initiatives during the recent third-quarter earnings call, Booking.com CEO Glenn Fogel told analysts that the company had made its new internal FinTech unit focused...
Corporate travel isn’t what it used to be, and we don’t mean frequent flier status. Signals are mixed from the economic control tower. CNBC reported Wednesday (Nov. 17) that “Global business travel spending fell 54% to $661 billion in 2020 from $1.4 trillion 2019” as...
Corporate hospitality platform HRS has launched a partnership with Citi that will integrate the bank’s virtual payment product with HRS’s booking process, Business Travel News reported Tuesday (Nov. 16). The arrangement will see HRS embed Citi’s Virtual Card Account into its booking process in 46...