Delta Merged, Capacity Purged: BTN's Top Air Stories Of 2008
01.02.2009 -- The air travel management landscape at the end of 2008 looks far different than it did at the beginning, after the merger of Delta Air Lines and Northwest Airlines, the decision of all legacy U.S. carriers to curtail domestic capacity and new fare-unbundling initiatives developed as carriers hunted for revenue. Those changes, though, could pale in comparison to the impact of the global financial crisis on air travel demand. Here are the stories Business Travel News has identified as the top air stories of the year.
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Faces Of Innovation: BTN's Profiles In Travel Management, 2008
12.31.2008 -- Certainly, 2008 posed its share of challenges to corporate travel managers many of whom had to balance the need to cut travel costs with higher prices, all while grappling with developments in technology, globalization and green travel management. Today, BTN presents a sample of the most notable corporate travel management profiles we published this year. Happy New Year, all the best for a prosperous 2009, and thank you for reading Business Travel News.
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View From The Top: BTN's 2008 CEO Interviews
12.30.2008 -- Business Travel News throughout 2008 again spoke exclusively with several of the CEOs of some of the largest suppliers in the corporate travel industry to discuss the tumultuous market and the road ahead.
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Recession Repression: BTN's Top Travel Management Stories Of 2008
12.29.2008 -- Corporate travel buyers in 2008 wrestled with the necessity of cutting travel costs in an a recessionary environment as prices—at least for a good part of the year—rose, in some cases dramatically. With no economic recovery in sight, buyers are expected to experience price decreases, a more receptive negotiating environment and a strong shift to what could truly be a buyer's market. Here are the stories Business Travel News has identified as the top travel management stories of the year.
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Reversal Of Fortune: BTN's Top Hotel Stories Of 2008
12.26.2008 -- Hoteliers entered 2008 on the wave of a seller's market that analysts said was here to stay for at least another year or two. Little did they know that by the end of the year, the deepening global economic crisis would have reversed it completely into what analysts now are calling a buyer's market. The quickly changing forecasts were the big story of the year, but economic woes did not keep some hotel companies from making investments of interest to the business travel buyer. Here are the stories Business Travel News has identified as the top lodging stories of the year.
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Transatlantic Market Shedding Capacity Despite Open Skies
12.24.2008 -- The transatlantic air travel market in the first quarter of 2009 will lose nearly 384,717 seats, nearly 5 percent less capacity than in the same period this year, according to OAG data. The reduction is surprising, given that new capacity and service flooded the market in the second quarter of 2008, following the enactment of the Open Skies agreement that aimed to grow business between the United States and Europe.
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One-on-One with Carino Collection's Joe Carino: Hotel Rep Firm To Evolve With New GDS Code
12.23.2008 -- Joe Carino, president of hotel representation firm The Carino Collection, recently spoke with Business Travel News hotel editor Michael B. Baker about the firm's outlook for the year ahead—in particular, its planned January launch of a global distribution system code—and its name change.
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In Lieu Of Slot Auctions, DOT Pushes Voluntary LaGuardia Cuts
12.22.2008 -- Two weeks after an appeals court delayed its plan to auction slots at the three major New York-area airports, the U.S. Department of Transportation today called on carriers to voluntarily reduce scheduled operations at La Guardia Airport from 75 departures and arrivals per hour to an average of 71.
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German Distribution Tech Provider To Offer Corporate Tool
12.22.2008 -- German travel technology provider Ypsilon.net AG plans to launch in 2009 a corporate version of its multisource distribution engine and a Web-based point-of-sale agent booking tool, according to Ypsilon vice president of sales and marketing Patrick Coulomb. The company currently provides the system for some of the largest leisure travel agencies in Europe and several leisure agencies and consolidators in North America.
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As Tenure Ends, ACTE's Crum Reflects On Presidency
12.19.2008 -- Toward the close of the Association of Corporate Travel Executives' Global Education Conference in Rome in October, BTN editor-in-chief David Meyer met with Richard Crum and predecessor Greeley Koch to discuss Crum's nearly completed term as president.
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Starwood To Give Clear Access To Loyalty Program Members
12.18.2008 -- Starwood Hotels & Resorts Worldwide struck a deal to offer its Preferred Guest Platinum members a free annual membership in the Clear Registered Traveler program, and Gold and Preferred members a complimentary three-month trial, the companies announced today.
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New Rearden Dashboard Tracks, Analyzes Ancillary Booking Spending
12.17.2008 -- Rearden Commerce today announced the release of a Web-based dashboard-style management information system for its online platform that enables companies to monitor and analyze spending and usage data for online bookings, including off-airport parking reservations, packaged shipping, event tickets and Webconferencing data.
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IHG Taps Hyatt's Abrahamson As Americas President
12.16.2008 -- InterContinental Hotels & Resorts today named Global Hyatt development executive Jim Abrahamson its president of the Americas region, effective Jan. 5, 2009. Abrahamson will report directly to IHG CEO Andrew Cosslett.
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Hertz Inaugurates Car-Sharing Program
12.16.2008 -- Hertz Corp. today announced the launch of the first car-sharing program offered by an international car rental company. Hertz's Connect by Hertz car-sharing system, much like the established models of such suppliers as Zipcar, allows clients to use vehicles on a pay-as-you-go system, booking cars either online or over the telephone for usage as necessary.
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National Adds Nine Cities To Toll Pass Program
12.16.2008 -- National Car Rental this week announced an expansion of its electronic toll payment system program into nine additional cities.
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CWT Buys Out Irish Partner
12.15.2008 -- Carlson Wagonlit Travel today announced the acquisition of Executive Travel Group, its Irish travel management company partner. CWT claims the agency handles €37.5 million annually.
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NYU's Hanson Sees Strongest Buyer's Market In 33 Years Ahead
12.11.2008 -- The lodging industry is experiencing the strongest buyer's market in 33 years with no recovery on the horizon across demand segments, industry analyst Bjorn Hanson said today in the keynote address at Business Travel News' Virtual Corporate Travel World.
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ARC Data Show Deepening Drop In Airline Transactions
12.11.2008 -- The U.S. point-of-sale air transaction slide continued to accelerate in November as total transactions decreased 19.7 percent year-over-year, according to ARC data released today. Domestic transactions fell 20.4 percent and international transactions dropped 17.7 percent during the month, ARC said.
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TRX Promotes Hammond To CEO; Davis To Chair Board
12.10.2008 -- TRX today announced that current executive vice president Shane Hammond will replace Trip Davis as president and CEO, effective tomorrow. Davis will become chairman of the board of the publicly traded company, replacing Joop Drechsel, CEO of sister company BCD Travel and CEO of TRX's majority shareholder BCD Holdings.
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PKF Predicts Depth Of Hotel Revenue Drop
12.10.2008 -- Hotels are likely in 2009 to see the fifth-worst decline in revenue per available room in the modern lodging industry's history and are unlikely to see RevPAR rise again until the second quarter of 2010, according to a PKF Hospitality Research forecast update released Tuesday.
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