Business Travel News - Business Travel News Business Travel News - Business Travel News

Share this page


November 21, 2014 - 02:55 PM ET

Hotel distribution technology supplier Pegasus Solutions named hotel industry veteran Scott Gibson as CEO after significant structural changes within the company. Gibson, most recently Best Western International's senior vice president of distribution and strategic planning, takes over following the company's acquisition by private equity firm Regent Equity Partners. Former CEO David Millili, who became CEO in 2012, has left the company, a spokesperson confirmed. Pegasus earlier this month also sold its distribution services business to an affiliate of private equity firm H.I.G. Capital.

November 21, 2014 - 01:40 PM ET

Direct Travel acquired Peak Travel Group, a San Jose, Calif.-based travel management company with $185 million in annual sales volume. It represents Direct Travel's sixth acquisition in 2014, including last week's purchase of Chicago-based Best Travel & Tours.

November 21, 2014 - 01:20 PM ET

Conferma's travel management clients now can create MasterCard virtual cards for supplier payments via a partnership with eNett International, the companies announced Thursday. All companies, regardless of size, can use virtual-card provider eNett to create virtual account numbers, but a Conferma spokesperson told BTN that the solution is geared toward small and midsize clients without "strong banking relationships" or bank credit lines. Conferma and MasterCard on Tuesday globally expanded their existing integration.

November 21, 2014 - 12:50 PM ET

The average daily rate at U.S. hotels in October increased 4.6 percent year over year to $118.87 as demand continues to shatter records, according to STR. U.S. hotel occupancy in October increased 5.3 percent to 68 percent, and demand increased 6.3 percent, the largest monthly growth since December 2010, according to STR senior vice president of strategic development Jan Freitag. Hotels during the month sold 104 million room nights and revenue per available room increased 10.1 percent, both October records, he added. Average daily rate increased in all top 25 markets, most strongly in Nashville (13.9 percent to $126.34), Denver (12.4 percent to $123.03) and San Francisco (12.3 percent to $244.24).

November 20, 2014 - 12:00 PM ET

Basic Wi-Fi access now is free across the Taj Hotels Resorts and Palaces portfolio, the company announced this week. Guests at Taj properties are able to connect on up to three devices at no charge, while guests at Vivanta by Taj and Gateway Hotels can connect on up to two devices, according to the policy. The hotels will offer higher-bandwidth connections for a fee. The Taj group consists of 93 hotels, largely in India as well as 16 properties around the globe, including the United States, the United Kingdom, Australia, the Middle East and Africa.

November 20, 2014 - 10:15 AM ET

Total revenue for Serko increased 50 percent year over year for the six months ending Sept. 30, the New Zealand-based online booking and expense software provider announced Thursday. Revenue increased to NZ$4.7 million (US$3.7 million), with revenue from travel bookings, Serko's "core revenue growth engine," up 36 percent year over year. Online transaction volume rose 32 percent. Serko's net loss widened to NZ$3.6 million (US$2.8 million) from NZ$347,000 (US$272,000) for the prior-year period, which CFO Tim Bluett attributed to "the planned investment we have made in growing our organization and operational capacity to support the pipeline of growth for the business."

November 20, 2014 - 10:10 AM ET

Concur stockholders representing nearly 99 percent of outstanding shares voted in favor of the company's proposed merger with SAP, according to a Nov. 20 filing with the U.S. Securities and Exchange Commission. The companies expect the transaction to close on Dec. 4, "subject to the satisfaction or waiver of closing conditions, including those related to regulatory approval."

November 19, 2014 - 04:25 PM ET

Virgin Atlantic as of Friday will require a $40 fee for advance seat reservations on all long-haul flights besides Tokyo routes, though many corporate bookings will be exempt from the fee, the carrier announced this week. Among those exempt from the seat-selection fee are corporate travelers using negotiated corporate fares, premium and premium-economy passengers, tickets in the B and Y economy-fare codes and Delta SkyMiles or Virgin Flying Club members with at least gold status. The carrier also noted that travel agents will be able to assign seats in global distribution systems for travelers in the premium and premium-economy cabins and Y and B classes, but that all other exempt categories would have to request specific seats through the Virgin Atlantic website. All travelers still will be able to pick their seats without charge when checking in within 24 hours of their flight.

November 19, 2014 - 03:35 PM ET

Hilton Worldwide effective Jan. 1, 2015, will levy "one night's room fee and applicable taxes" if cancellations aren't made by 11:59 p.m. the day before scheduled check-in, a spokesperson confirmed. The policy applies "unless a more restrictive cancellation policy is in place" at the reserved property. According to media reports, Marriott International plans to enact a similar policy in January, but the company did not immediately reply to requests to confirm.

November 19, 2014 - 12:55 PM ET

Hickory Global Partners announced a partnership with the AllStars Travel Group travel agency alliance, providing ATG members access to preferred rates via Hickory's hotel program. ATG and Hickory indicated they would release "further details about their partnership in the near future."