Starwood Hotels & Resorts CEO Frits van Paasschen said he's confident upcoming corporate negotiations "will be even better for us than last year," and that the company is poised to push rates upward,...

Increasing momentum for antitrust-immune airline alliances is sparking industry concern that the consolidation of airline power will alter corporate buyer leverage for negotiating transatlantic deals...

Since its release in 2000, Prism Group's SalesServer has defined how airlines contract with corporations. After more than four years of development and a handful of airline implementations, Prism is...

The U.S. Department of Treasury this month plans to infuse American Express with $3.39 billion of new capital as part of the $700 billion financial bailout program. The government on Dec. 23 approved...

HRG has appointed Greg Treasure managing director for its operations and its partner network in the Asia/Pacific region.

Hertz upped its offer to acquire Dollar Thrifty Automotive Group, which postponed the vote for shareholder approval until the end of the month, the two companies announced late Sunday.

Corporate negotiated hotel rates for 2012 came in higher and at times with stricter terms and fewer amenities than 2011 rates. Though such results widely were expected around the industry, a few markets...

One of the buzzier bits shared at the NYU International Hospitality Industry Investment Conference this month was that the booking pace for group business for 2021 is down. During the Knowing the...

The domestic U.S. market is not likely to see much new airline capacity in 2008; in fact, a reduction in available seats is probable at certain airlines, on certain routes and perhaps even systemwide....

Northwest Airlines this month began transitioning to market share-based corporate contracts using The Prism Group of Albuquerque, N.M., to collect, clean and standardize corporate clients' travel data....