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  • HFTP Research Report: Pre-opening Expenditures in Hospitality

    A study of the pre-opening budget; the timeline for these expenditures; timeline for onboarding of staff; and the selection, installation and training of the technology component. By Agnes DeFranco, Ed.

  • New Global Directors Join the 2018-2019 HFTP Board

    The HFTP 2018-2019 Global Board of Directors was installed during the association's 2018 Annual Convention and introduces new directors Toni Bau, Carson Booth, CHTP and Mark Fancourt. These extensive director profiles give insight into the distinguished professions and personal goals of HFTP's newest association leaders.

  • Letter from the HFTP Global President: At the End of the Year, We Reflect on the Best of the Year

    As we prepare to transition to the new HFTP Global board at the 2018 Annual Convention in October, I would like to take the time to reflect on my year serving as HFTP Global president.

  • Members Only: 2018 HFTP Compensation and Benefits Report

    By Tanya Venegas, MBA, MHM, CHIA. Results to the biannual survey conducted by Hospitality Financial and Technology Professionals (HFTP). Information includes data on compensation and benefits trends for finance and technology professionals in the club and lodging industries.

Air Canada Grew Business Cabin Revenues in Q4

Business Travel News (BTN)·15 February 2019
Air Canada's passenger revenue increased 11.3 percent year over year in the fourth quarter to 3.8 billion Canadian dollars, including a 12.5 percent increase in business cabin revenue.

UATP Rolls Out Virtual Cards with Conferma

Business Travel News (BTN)·15 February 2019
UATP has launched a virtual card issuance and delivery platform powered by Conferma Pay. Integrated directly at point of sale in all major global distribution systems, more than 100 booking tools and 500 travel management companies, the service is aimed at delivering more secure airline payments through UATP and superior reconciliation of booking and payment data, the companies said.

Hilton Predicts 2019 Growth Ahead of Industry Trends

Business Travel News (BTN)·14 February 2019
Hilton Worldwide reported low-single-digit growth in average daily rate and room revenue for the fourth quarter of 2018, along with double-digit growth in management and franchise fees, which have been a strength throughout the year. The company beat its earnings guidance with net income of $225 million for the quarter and $769 million for the year.

Fred Reid Will Develop Airbnb Transportation Strategy

Business Travel News (BTN)· 8 February 2019
Airbnb has hired air industry vet Fred Reid as global head of transportation, though the hospitality platform remains vague as to its intentions for the industry. Reid will "focus on building partnerships and services that make travel seamless," according to Airbnb, though co-founder and CEO Brian Chesky said the company has not decided exactly what path it is taking. It does not, however, plan to build its own airline or to build "just another place on the internet where you can buy a plane ticket," he said.

Great Hotels of the World Plans to Expand into U.S.

Business Travel News (BTN)· 7 February 2019
Great Hotels of the World wants to expand its footprint into the U.S. The European hotel marketing and distribution consortium plans to add six properties in the U.S. by the end of 2020 and is exploring options in New York City, Miami and Dallas.

Global Air Traffic Growth Outpaced Capacity Growth in 2018

Business Travel News (BTN)· 7 February 2019
Global air traffic grew 6.5 percent in 2018, according to the International Air Transport Association. That growth outpaced the year's 6.1 percent capacity growth, leading to a record load factor of 81.9 percent. "2018 was another year of strong passenger demand," said IATA director general and CEO Alexandre de Juniac. Compared to 2017's 8 percent growth in demand, however, 2018 was slower. IATA attributed the relative slowdown to the second half of the year.

Delta Puts New Narrowbody Aircraft into Service

Business Travel News (BTN)· 7 February 2019
On Thursday, Delta began its first service on its new Airbus A220-100 aircraft with flights between New York's LaGuardia Airport and each Dallas/Fort Worth International Airport and Boston. Delta has configured the aircraft with 12 First Class seats, 15 Delta Comfort Plus seats and 82 Main Cabin seats, and seating is wider than Delta's other narrowbody aircraft.

Uber Topped Business Expense Tally Again in 2018

Business Travel News (BTN)· 7 February 2019
Uber was the most-expensed brand for North American businesses in 2018, according to Certify, marking the third consecutive year the ridehailing giant has taken the top spot in the expense provider's SpendSmart Year in Review report.

GDSs Will Provide Private Channel to Bypass Upcoming Qantas Booking Surcharge

Business Travel News (BTN)· 7 February 2019
Qantas has reached agreements with the major global distribution systems to provide bookings through its Qantas Channel, which will provide a workaround for a $12.50 per-segment GDS booking surcharge Qantas plans for later this year.

Aventri Revamps Strategic Meetings Platform

Business Travel News (BTN)· 7 February 2019
Meeting and event technology provider Aventri has redesigned the strategic meetings modules within its enterprise platform to absorb additional complexity under the hood and produce smoother processes, workflows and data management for users.

December U.S. Travel Volume Grew 3.6 Percent YOY

Business Travel News (BTN)· 6 February 2019
Trips to or within the U.S. grew 3.6 percent year over year in December, according to the U.S. Travel Association. Domestic travel demand rose 3.6 percent, and leisure grew 4 percent compared with business travel's 2.6 percent growth.

NetJets Responds to Demand for Customized Flight Department Management

Business Travel News (BTN)· 1 February 2019
With more than 750 aircraft across its operating companies, private aviation management company NetJets already is a giant in its industry, accounting for more than 15 percent of private aviation traffic, said EVP of sales and marketing Patrick Gallagher.

Cvent CEO Looks at 2019 & Beyond

Business Travel News (BTN)·29 January 2019
Cvent has spent the past two years integrating and upgrading technology after acquiring Lanyon in 2016. The company is in growth mode: expanding its client base, its geographical coverage and, as always, its technology stack. Cvent CEO Reggie Aggarwal sat down with BTN editor-in-chief Elizabeth West.

Air Ticket Sales Rose 7.1 Percent in 2018

Business Travel News (BTN)·18 January 2019
The total consolidated dollar value of airline ticket sales sold by U.S.-based travel agencies in 2018 totaled $95 billion, up 7.1 percent, according to Airlines Reporting Corp. The average price for a U.S. round-trip ticket was $490 in 2018, up $6 from 2017. ARC president and CEO Mike Premo attributed the rise in sales in 2018 to "more capacity in the airline industry, more international (higher-priced) tickets, fuel-related fare increases and surcharges from higher fuel costs, more taxes and passenger facility charges."

U.S. Domestic Leisure Travel Outpaced Business Travel in November

Business Travel News (BTN)·15 January 2019
Total travel to or within the U.S. grew 3 percent year over year in November, according to the U.S. Travel Association's Travel Trends Index. For domestic travel, strong consumer confidence prompted leisure travel to grow 3.4 percent, compared with business travel's 2.2 percent growth. Domestic travel combined grew 3 percent, while international inbound travel to the U.S. grew 3.8 percent. "Moving forward, continued, albeit moderating, growth is expected in the near term, with international travel likely to slow more than domestic," said USTA SVP of research David Huether

Outlook Strong for 2019 U.S. Domestic Business Travel

Business Travel News (BTN)·11 January 2019
Domestic business travel will grow faster in 2019 than it did the past three years, according to the U.S. Travel Association, and for the period from December 2018 through May 2019, it will grow 3.2 percent year over year. Strong corporate profits and the near-team outlook for business investment point to 2019 starting off strong for business travel. According to the National Federation of Independent Business Professionals and the Business Roundtable, optimism from both small and large companies about the economy is high. "We think that business investment is going to carry forward and business travel along with that will continue to be compelled in the first half of this year,"said USTA SVP of research David Huether.

Shutdown Increasing Corporate Travel Risks

Business Travel News (BTN)·11 January 2019
As the U.S. government shutdown turned three weeks old, the odds of tangible and lasting effects on the travel community—disrupted trips or, even worse, security risks—are getting higher. In the initial weeks, the impact on corporate travel was more on the level of a "hassle," such as reported longer lines at some security checkpoints, said Bruce McIndoe, founder and president of global travel risk management firm WorldAware, formerly iJet. If the shutdown persists for a few more weeks, however, there is "an increasing threat to the system" as Transportation Security Administration personnel, air traffic controllers, inspectors and other critical members of the aviation industry don't receive paychecks, he said. "You'll have individuals peel off and look for other opportunities for income, and you'll start having holes," McIndoe said. "People will be pushed to work overtime, which creates more stress. In the unlikely event that this thing moves into months, then you just had a rapidly escalating risk of a catastrophic failure in the system."

Corporate Travelers Favor Bleisure & Card Rewards

Business Travel News (BTN)· 8 January 2019
Corporate travelers were drawn to bleisure trips in 2018 and preferred using personal credit cards during business travel, a new study from Wex and Mastercard found. Of the more than 375 business travelers the companies surveyed as part of their 2019 Travel Trends and Expectations report, 55 percent tended to extend business trips to further explore cities.

2018's Most Punctual Airlines Globally

Business Travel News (BTN)· 4 January 2019
Among the world's 20 mega carriers, five U.S. carriers placed among the 10 most punctual, according to OAG's 2019 Punctuality League report: Alaska Airlines, Delta Airlines, Southwest, United Airlines and American Airlines. OAG labels a flight as on time if it arrives/departs within 15 minutes of the scheduled time. Among mega carriers, defined by number of scheduled flights, Latam Airlines Group was the most punctual. ANA was second, followed by Japan Air Lines with 84 percent.

Qatar Takes Stake in China Southern

Business Travel News (BTN)· 2 January 2019
Qatar Airways Group has acquired a 5 percent stake in China Southern Airlines. The investment indicates "opportunities for us to work together and build a long-term relationship in ways that would bring benefits to customers of both airlines," according to Qatar Airways chief executive Akbar Al Baker.

Business Travel Spending Increased YOY in Q3 2018

Business Travel News (BTN)·26 December 2018
The average total cost of a U.S. domestic business trip rose 8 percent year of year to $1,073 during the third quarter, driven by a 16 percent increase in hotel costs, according to client spending data from Travel Leaders Corporate.

United Nabs ExpressJet for $70 Million

Business Travel News (BTN)·18 December 2018
United Airlines has reached a deal to acquire ExpressJet from SkyWest for $70 million. Under terms of the agreement, SkyWest will maintain ownership of the CRJ aircraft currently in service for ExpressJet and will lease 20 CRJ200s to ExpressJet for up to five years.

Delta Plans Boston Growth in 2019

Business Travel News (BTN)·10 December 2018
Delta and its partners will add about 30 new daily departures out of Boston Logan International Airport next year, including "service to the top five business markets requested by our corporate customers," Delta president Glen Hauenstein said.

October Global Air Travel Demand Grew 6.3 Percent

Business Travel News (BTN)· 7 December 2018
Global air travel demand grew 6.3 percent year over year in October, according to the International Air Transport Association.

Sifting Through the European Airline Demises

Business Travel News (BTN)·28 November 2018
The graveyard of European airlines has become a bit fuller recently, and analysts said more are likely to fall amid consolidation and higher fuel costs.

IBM's Data-Forward Travel Program

Business Travel News (BTN)·28 November 2018
About three years ago, IBM's travel program stopped to look around and ask itself some big questions. Namely, what did it need to do to lead IBM travel into the future? What would the future even look like? An answer to the latter question wasn't clear, but IBM global category leader of T&E Shawn Busby said it was plain to see that the future centered around what IBM did with its travel data.


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