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Industry Outlook
Travel Pulse | December 14, 2021
Data intelligence company Morning Consult has released its ‘State of Travel and Hospitality’ report for 2021’s fourth quarter. The objective of its analysis was to discover how consumers are changing the sector’s future amid the ongoing pandemic by surveying over 9,000 adults across the Americas, Europe and the Asia-Pacific region. The firm found that that the travel industry is, indeed, rebounding, although slowly. Especially given the recent rise of fast-...
Business Travel News | February 26, 2020
Hotel room wholesaler WebBeds will use Troovo Technologies' virtual payment card generation tools to make payments to hotel suppliers, the companies announced. Under the partnership, WebBeds will use Troovo's robotic process automation-driven platform to route and process payments for rooms, which the company subsequently resells to such parties as travel agents, OTAs, airlines and tour operators. Itself a subsidiary of Australia-based travel seller Webjet, WebBeds owns a portfolio...
Airlines and Airports, Industry Outlook
IBS Software | February 15, 2023
On February 15, 2023, IBS Software, a travel tech company, released new survey data that shows a staggering 93% of UK and US customers would book more services with airlines if given the opportunity, presenting an enormous opportunity for airlines. Following a difficult phase of travel uncertainty, passenger confidence in US and UK is on the rise, with 83% of respondents planning to purchase airline tickets within the next six months, according to the study. However, the researc...
PR Newswire | February 12, 2020
easyJet, one of the UK's leading airlines, today announced a new distribution agreement with Sabre Corporation (NASDAQ: SABR), a leading technology provider to the global travel industry. The agreement gives corporate travel agencies across Europe continued access to easyJet's fares through the Sabre GDS. easyJet has built its business customer base from 10 million in 2012 to almost 17 million in 2019, with an increase of 11% during 2019 alone. The airline's agreement with Sabre will...
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