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PhocusWire | January 27, 2020
Argentina-based online travel agency Despegar is boosting its position in Mexico with the purchase of Best Day Travel Group for $136 million. According to a release, Best Day had revenue of $140 million in 2019 and EBITDA of $8 million, with 70% of its sales coming online. Despegar says this makes the transaction the largest in the Latin American travel intermediary space in terms of revenue and will allow it to increase its revenues by 25%. Approximately 75% of Best Day’s revenue is gener...
Business Travel
TripActions | January 11, 2021
Corporate travel management platform TripActions said in an official statement that its TripActions Liquid payments and cost framework presently incorporates with driving corporate finance systems. Among the enterprise resource planning (ERP) frameworks with which TripActions Liquid communicates now are NetSuite, Microsoft Dynamics, Sage Intacct, SAP and Xero, according to the release. "This integration automates and integrates [travel and entertainment (T&...
Travel Technology
Xeniapp Inc | November 16, 2021
Xeniapp, Inc., the travel technology company, announced that it has partnered with CTW to build the most sophisticated flight shopping engine in the world for Xeniapp's unique travel operating system. Xeniapp is transforming the travel industry with its web 3.0 operating system built on a blockchain network. Today, corporate and leisure travel professionals can launch their full-service, web-based travel agency complete with custom booking engine, traveler web portal, CR...
Airlines and Airports
Canada Jetlines Operations Ltd. | September 21, 2022
Canada Jetlines Operations Ltd. (NEO: CJET) (“Canada Jetlines”) the new, all-Canadian, leisure airline, is proud to announce a worldwide distribution agreement with Sabre, the leading software and technology company that powers the global travel industry.This new long-term agreement ensures that Sabre will distribute the carrier’s comprehensive content for travel agencies and corporations through the Sabre travel marketplace (GDS) -- supporting Canada Jetlines in powering futur...
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