Loews Hotels CEO Jonathan Tisch does not expect a return to significant national, international or business travel anytime soon, according to an interview he gave on CNBC’s “Closing Bell.” “It’s a challenge,” he said. “We were excited about reopening hotels … but sadly we are...
The already sluggish recovery in air travel hit some turbulence over the past week. The number of travelers passing through airport security checkpoints across the United States fell by more than 4 percent in the week ending July 19, according to stats compiled by the...
Admittedly, it might seem like a strange time to be launching an innovative travel insurance product given how much the tourism industry has contracted in the wake of the global pandemic. But CEO Ugo Weyl of travel insurance platform Koala told Karen Webster recently that...
CIBT, which works in global immigration and visa services for both corporations and individuals, has announced an integration with Conferma Pay for virtual cards and streamlined business travel payments, according to a press release. Conferma Pay works in helping businesses digitize payments. The partnership, the...
Mobile and cloud tech provider Deem, which works with travel companies, announced a new search engine with better speed and more functionality, a press release says, with an eye toward improving booking and the overall travel experience. According to the release, the new search engine...
The surge in coronavirus cases has caused interest in travel to drop, according to CNBC, speaking with Trivago chief executive Axel Hefer. Hefer attributed the drop to the basic decline in interest resulting from the health crisis. “You can clearly see that when there is...
Although commercial card products can offer working capital benefits on both ends of the B2B transaction, adoption lags behind other digital payment methods in accounts payable (AP) departments. In Asia, the persistent challenge of vendor acceptance results in corporate cards being used mainly for travel...
The global pandemic has left no industry unscathed, but the travel business has the unfortunate distinction of being the sector that was slammed first and hardest, Colin Smyth, head of travel at payments platform Flywire, told Karen Webster in a recent conversation. “They took [that]...
Not planes. Not trains. Automobiles. The question becomes: What happens once we get where we are wheeling — amid the great summer trek of 2020? You may not be reading this because you are on the road, possibly bumper to bumper, cursing the pandemic for...
