Tues, June 30 at 11am ET / 8am PTSponsored in part by: Cvent and The Inception Company
Mon, June 29 at 12pm ET / 9am PTSponsored By: American Express Global Business Travel, Lyft, Southwest Airlines
Thurs, June 25 at 11:00 AM ETSponsored By: RoomIt by CWT
Virtual Event - July 29, 2020
Virtual Event - September 9-10, 2020
Hyatt Regency Boston - October 12-14, 2020
Filter in or out as many as 200 cities, as well as hotel and car rental class and meals of the day and watch as the per-diem calculator automatically adjusts per diems to your program. Drill down into cost breakdowns and export the results.
Travel and Transport purchased Ultramar Travel Management in
an all-cash deal, the companies announced Tuesday.
Outside of the global mega agencies, T&T remains the
second-largest national corporate travel management company, as documented in BTN's 2012 Business Travel Survey.
Combined with Ultramar, 2011 ARC sales were nearly $740 million on 1.2 million
ARC air transactions. The companies employ more than a thousand people in 37
states, with total annual sales in excess of $2 billion.
T&T and Ultramar will retain their brands and separate
operational structures, according to a written statement from the companies,
and Ultramar's "existing executive team will remain in place for a minimum
of five years. The companies do not plan for the elimination of any staff
positions. Ultramar employees will retain their current compensation and
benefits packages, and after one year will become employee-owners by participating
in Travel and Transport's Employee Stock Ownership Plan."
T&T is a key member of the Radius network, while
Ultramar is a pivotal GlobalStar member. "Over the next year, we will
closely review and determine the best course of action in terms of selecting a
global solution that makes the most sense for all of our current and future
global customers," according to Travel and Transport president and CEO
T&T is a big Travelport user, though it does employ
multiple global distribution systems. Ultramar is a Sabre shop.
Financial terms of the deal were not disclosed.
About a decade after founding and leading flight shopping information hub Routehappy, Bob Albert is...
Ticketing and distribution supplier Hahn Air has signed agreements to expand distribution and...
Travel technology provider Accelya has reached an agreement to acquire Farelogix, less than two months...