Business Travel News
Business Travel News
  • SECTIONSOpen Menu
    • Transportation
    • Lodging
    • Payment & Expense
    • Technology
    • Distribution
    • Meetings
    • Global
    • Management
    • Travel Procurement
    • Voices
    • Recent Issues
  • VOICESOpen Menu
    • Expert Q&A
    • Podcasts
    • OpEds
    • What to Watch 2022
  • RESEARCHOpen Menu
    • BTN's 2022 Essential OBT Guide
    • Corporate Travel 100
    • Corporate Travel Index
    • Expense Manager Report
    • Small & Midsize Enterprise
    • Salary Survey
    • Strategic Meetings Report
    • VIEW ALL
  • WEBINARSOpen Menu
    • View All Webinars
  • EVENTSOpen Menu
    • Webinars
    • Business Travel Hall of Fame
    • Business Travel Intelligence Summit
    • Business Travel Lodging Summit
    • Business Travel Show
    • Business Travel Tech Talk
    • Business Travel Trends Forecasts
    • DEI Symposium Series
    • Entertainment Travel Summit
    • Global Travel Risk Summit
    • Government Travel Summit
    • Innovate
    • Strategic Meetings Summit
    • Sustainable Business Travel Summit
    • VIEW ALL EVENTS
  • RESOURCESOpen Menu
    • Business Travel Buyer's Handbook
    • Business Travel Buyer's Techbook
    • Corporate Travel Index Calculator
    • Data Sources: The Reference Guide
    • White Papers & Case Studies
    • Influencers
    • Webinars
    • Videos
    • Hotel Search
  • SECTIONSOpen Menu
    • Transportation
    • Lodging
    • Payment & Expense
    • Technology
    • Distribution
    • Meetings
    • Global
    • Management
    • Travel Procurement
    • Voices
    • Recent Issues
  • VOICESOpen Menu
    • Expert Q&A
    • Podcasts
    • OpEds
    • What to Watch 2022
  • RESEARCHOpen Menu
    • BTN's 2022 Essential OBT Guide
    • Corporate Travel 100
    • Corporate Travel Index
    • Expense Manager Report
    • Small & Midsize Enterprise
    • Salary Survey
    • Strategic Meetings Report
    • VIEW ALL
  • WEBINARSOpen Menu
    • View All Webinars
  • EVENTSOpen Menu
    • Webinars
    • Business Travel Hall of Fame
    • Business Travel Intelligence Summit
    • Business Travel Lodging Summit
    • Business Travel Show
    • Business Travel Tech Talk
    • Business Travel Trends Forecasts
    • DEI Symposium Series
    • Entertainment Travel Summit
    • Global Travel Risk Summit
    • Government Travel Summit
    • Innovate
    • Strategic Meetings Summit
    • Sustainable Business Travel Summit
    • VIEW ALL EVENTS
  • RESOURCESOpen Menu
    • Business Travel Buyer's Handbook
    • Business Travel Buyer's Techbook
    • Corporate Travel Index Calculator
    • Data Sources: The Reference Guide
    • White Papers & Case Studies
    • Influencers
    • Webinars
    • Videos
    • Hotel Search
Business Travel News
  • Business Travel News on Twitter
  • Business Travel News on LinkedIn
  • Business Travel News on Facebook
  • SECTIONS
    • Transportation
    • Lodging
    • Payment & Expense
    • Technology
    • Distribution
    • Meetings
    • Global
    • Management
    • Travel Procurement
    • Voices
    • Recent Issues
    Subscribe to NewslettersBTN DailyBTN GlobalBTN Travel ManagementTravel Procurement
    Subscribe to Print IssuesBusiness Travel NewsTravel Procurement
  • VOICES
    • Expert Q&A
    • Podcasts
    • OpEds
    • What to Watch 2022
    Tripism CEO Kerr Assesses Travel Management EvolutionTripism CEO Kerr Assesses Travel Management Evolution
    Bryan LeibmanNewly Acquired by JPMC, Frosch Goes Into Growth Mode
    Viktor NekrylovDRCT Aims to Bridge Airline, TMC Connections
  • RESEARCH
    • BTN's 2022 Essential OBT Guide
    • Corporate Travel 100
    • Corporate Travel Index
    • Expense Manager Report
    • Small & Midsize Enterprise
    • Salary Survey
    • Strategic Meetings Report
    • VIEW ALL
    Annual Supplier Ratings• Car Rental Survey & Report• Hotel Survey & Report• Airline Survey & Report
    Special Reports• The Mechanics of Sustainble Business Travel• Pandemic-Era Traveler
  • WEBINARS
    • View All Webinars
    How to Inflation-Proof Your Travel Program

    Tues., July 12 at 12pm ET / 9am PT
    Sponsored By: TripActions

    Managing Events in Today's Realities

    Weds., July 20 at 1pm ET / 12am PT
    Sponsored By: Cvent

    Mastering Mobility: Control Costs and Other Travel Program Pain Points

    Tues., July 26 at 12pm ET / 9am PT
    Sponsored By: Deem

  • EVENTS
    • Webinars
    • Business Travel Hall of Fame
    • Business Travel Intelligence Summit
    • Business Travel Lodging Summit
    • Business Travel Show
    • Business Travel Tech Talk
    • Business Travel Trends Forecasts
    • DEI Symposium Series
    • Entertainment Travel Summit
    • Global Travel Risk Summit
    • Government Travel Summit
    • Innovate
    • Strategic Meetings Summit
    • Sustainable Business Travel Summit
    • VIEW ALL EVENTS
    2nd Annual DEI Symposium Series

    Virtual Event Series - June 21 & July 13

    38th Annual Travel Manager of the Year Awards

    San Diego, CA - August 16, 2022

    4th Annual Business Travel Lodging Summit America

    InterContinental Times Square - New York City,

    5th Annual Strategic Meetings Summit London

    etc.venues Monument - London, 26 September 2022

  • RESOURCES
    • Business Travel Buyer's Handbook
    • Business Travel Buyer's Techbook
    • Corporate Travel Index Calculator
    • Data Sources: The Reference Guide
    • White Papers & Case Studies
    • Influencers
    • Webinars
    • Videos
    • Hotel Search
    BTN CTI Calculator

    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.

  • Business Travel News Supplier DirectorySUPPLIER DIRECTORY

Management

TripActions: Most Unused Air Ticket Volume Will Expire This Year

By Michael B. Baker / February 18, 2021 / Contact Reporter
Share

As many companies sit on hundreds of thousands of dollars of unused air tickets, most of that credit is set to expire this year—and a sizeable portion will expire in a matter of months, according to analysis by TripActions.

The travel management company analyzed unused ticket credits at the end of January and found that 55 percent of those had expiration dates in 2021, with the rest expiring in 2022. Of those expiring this year, most of them—57 percent—expire at the end of the year, but 28 percent expire sometime in the current quarter, according to TripActions. Such expiration dates can shift over time, TripActions noted.

On average, U.S.-based TripActions clients are holding 26 unused credits or partially used credits, such as a roundtrip ticket in which the return flight was not used. Each credit has an average value of $482, which means that companies with $5 million in annual air spend is typically more than $400,000 in unused tickets, according to the TMC.

TripActions recently has added an automated process to identify and use unused tickets, which is typically a manual process that requires a phone call. The TMC is recording credits from canceled tickets and then alerting travelers of their availability when booking, automatically applying the credit when a traveler books. The TMC also has expanded availability of that function for global use, after it was first available only in the United States.

TripActions estimates that 8 percent of all flight bookings currently are being made with credits.

More Management
Related
GBTA Survey: Travelers Willing, Suppliers Optimistic

Many business travel processes are returning to normal as employees prepare to hit the road, and...

Corporate Traveler to Add Carbon Reporting, Offset Tools in the Fall

The TMC is integrating functionality from Thrust Carbon for a emissions dashboard; it's also...

U.S. Travel Brings Back Freeman to Lead Organization

Freeman was with U.S. Travel for more than seven years, during which time he helped the push for the...

Sponsored Content

VIEW ALL
We’re making history by making our carbon history
We’re making history by making our carbon historyBy United Airlines

We’re going beyond traditional carbon offsets and taking a more direct approach to making sustainable aviation the norm. KEEP READING

Duty of Care Due Diligence Requires Wider Scope
Duty of Care Due Diligence Requires Wider ScopeBy Qatar Airways

Travel professionals must do everything they can to demonstrate due diligence and widen the scope of what they do in the name of duty of care. KEEP READING

Don't Let NDC Take a Backseat in 2022
Don't Let NDC Take a Backseat in 2022By FCM

Get ready to tailor travel programs by leveraging NDC with your partners in 2022. KEEP READING

More Management

GBTA Survey: Travelers Willing, Suppliers Optimistic
Corporate Traveler to Add Carbon Reporting, Offset Tools in the Fall
U.S. Travel Brings Back Freeman to Lead Organization
Amex GBT and Shell Team Up for SAF Program

VIEW ALL
Subscribe to Our

Free Newsletters

pixel2

Click Here for our Terms and Conditions and Privacy Policy.

  • Most Read
  • Most Shared
  1. American Launches Main Select Fares, Targeting Corporate Customers
  2. Newly Acquired by JPMC, Frosch Goes Into Growth Mode
  3. Carriers Trim Schedules to Improve Ops & Adjust to Demand
  4. Amex GBT and Shell Team Up for SAF Program
  5. ARC: Lifting Covid-19 Requirements Moved Int'l Travel Recovery Needle
  1. IRS Hikes 2022 Tax-Deductible Mileage Rate
  2. Carriers Trim Schedules to Improve Ops & Adjust to Demand
  3. Amadeus: Global Summer Hotel Rates, Occupancy to Outpace 2019
  4. FCM Readies Booking Tool for U.K. Launch
  5. ARC: Lifting Covid-19 Requirements Moved Int'l Travel Recovery Needle
Business Travel NewsBusiness Travel News
  • About Us
  • Contact Us
  • Advertise
  • Editorial Calendar
  • Business Travel News on Twitter
  • Business Travel News on LinkedIn
  • Business Travel News on Facebook
BUSINESS TRAVEL NEWS
NORTHSTAR TRAVEL GROUP
Business Travel News
  • About Us
  • Contact Us
  • Advertise
  • Upload Print Ad Material
  • Purchase Reprints
  • Editorial Guidelines
  • Subscribe to BTN
  • Subscribe to Travel Procurement
  • Subscribe to Newsletters
  • BTN Europe
  • Privacy Policy
  • Terms & Conditions
Business Travel News
Business Travel News Travel Procurement The Beat
Northstar Travel Group
  • Retail Travel
  • Travel Weekly
  • Travel Weekly Asia
  • Travel Weekly China
  • TravelAge West
  • TravelPulse
  • TravelPulse Canada
  • TravelPulse Quebec

  • Hotel Investment
  • Burba Hotel Network

  • Travel Technology
  • Inntopia
  • Phocuswire
  • Phocuswright
  • Web In Travel
  • Meetings & Incentives
  • Northstar Meetings Group
  • Meetings & Conventions
  • Meetings & Conventions China
  • Meetings & Conventions Asia
  • Meeting News
  • Successful Meetings
  • Incentive
  • SportsTravel

  • Data Products
  • Agent Studio
  • AXUS Travel App
  • Intelliguide
  • travel42
Northstar Travel Group
Copyright ©2022 Northstar Travel Media, LLC. All rights reserved.    100 Lighting Way Secaucus, NJ 07094-3626 USA | Telephone: (201) 902-2000
RRManagement rrtestprocurement