Hotel CEOs See Domestic Starts to Years-Long Recovery
Hotel CEOs See Domestic Starts to Years-Long Recovery

Business Travel News (BTN) · 2 Jun

The global hotel industry over the next 12 to 24 months will look different, but in three years will recover and "it will look like it did three to f

Virtual Events Startup Run the World Raises $15 Million
Virtual Events Startup Run the World Raises $15 Million

Business Travel News (BTN) · 28 May

Online events startup Run the World, launched in late 2019, has raised $15 million in a Series A round, the company announced. This new funding adds

Advantage Parent Company Files for Bankruptcy
Advantage Parent Company Files for Bankruptcy

Business Travel News (BTN) · 27 May

Advantage Rent a Car parent company Advantage Holdco has filed for Chapter 11 bankruptcy protection.

American Airlines Extends Change Fee Waiver Through June
American Airlines Extends Change Fee Waiver Through June

Business Travel News (BTN) · 27 May

American Airlines has extended change fee waivers to cover tickets purchased through June 30 for travel through Sept. 30.

Latam Files for Bankruptcy Protection
Latam Files for Bankruptcy Protection

Business Travel News (BTN) · 26 May

Latam Airlines Group has filed for Chapter 11 protection in U.S. bankruptcy court in order to maintain operations as it works to pay off creditors.

Amtrak Implores Congressional Leaders for Extra Funding
Amtrak Implores Congressional Leaders for Extra Funding

Business Travel News (BTN) · 26 May

Amtrak is requesting nearly $1.5 billion in supplemental funding from the U.S. government that it said is necessary to maintain minimum service level

STR: 'Unprecedented Lows' in April U.S. Hotel Performance
STR: 'Unprecedented Lows' in April U.S. Hotel Performance

Business Travel News (BTN) · 20 May

The U.S. hotel industry reported "unprecedented lows" for the month of April, according to STR. Compared with April 2019, occupancy was down 63.9 per

Report: Top 50 Hotel Brands Could Lose $14 Billion in Brand Value from Covid-19

Business Travel News (BTN) · 20 May

The hotel sector could lose up to 20 percent of cumulative brand value, equal to $14 billion, due to the coronavirus pandemic, according to a report

STR: U.S. Weekly Hotel Rooms Sold Top 10 Million, Most Since March
STR: U.S. Weekly Hotel Rooms Sold Top 10 Million, Most Since March

Business Travel News (BTN) · 13 May

Demand for U.S. hotels increased for the fourth week in a row, according to STR, with absolute occupancy for the week ending May 9 at 30.1 percent, u

Avianca Gets OK to Continue Operations After Bankruptcy Filing
Avianca Gets OK to Continue Operations After Bankruptcy Filing

Business Travel News (BTN) · 12 May

A U.S. Bankruptcy Court has given interim approval to "first day" motions for Colombian carrier Avianca, enabling it to continue operations after fil

Uber Ready for 'Nonlinear' Recovery After 80 Percent Drop in April Rides
Uber Ready for 'Nonlinear' Recovery After 80 Percent Drop in April Rides

Business Travel News (BTN) · 8 May

Uber during the past few weeks has seen a rebound in ride bookings, particularly in markets that are loosening lockdown restrictions, CEO Dara Khosro

Wex Puts Brakes on eNett Buy, Sellers Say Deal Still Binding
Wex Puts Brakes on eNett Buy, Sellers Say Deal Still Binding

Business Travel News (BTN) · 7 May

Three and a half months after agreeing to the $1.7 billion acquisition of virtual travel payments providers eNett and Optal, Wex Inc. wants to back o

Hyatt: Q1 RevPAR Decline, 'Still Early' to Assess RFP Season
Hyatt: Q1 RevPAR Decline, 'Still Early' to Assess RFP Season

Business Travel News (BTN) · 7 May

In line with its preliminary first-quarter results, Hyatt Hotels Corp. reported Thursday that comparable systemwide revenue per available room for th

Avis Budget Plans for Summer Start of Recovery
Avis Budget Plans for Summer Start of Recovery

Business Travel News (BTN) · 7 May

First-quarter Avis Budget Group revenue declined 9 percent year over year to $1.75 billion as the company braces for its "most difficult quarter" ove

Hilton: Full Demand Recovery 'Several Years' Away, Q1 RevPAR Drops
Hilton: Full Demand Recovery 'Several Years' Away, Q1 RevPAR Drops

Business Travel News (BTN) · 7 May

In line with preliminary first-quarter results it released in April, Hilton Worldwide's first-quarter revenue per available room declined 22.6 percen

IHG: RevPAR Down 25 Percent in Q1, 80 Percent in April
IHG: RevPAR Down 25 Percent in Q1, 80 Percent in April

Business Travel News (BTN) · 7 May

In its first quarter that takes the coronavirus pandemic into account, InterContinental Hotels Group reported a group comparable revenue per availabl

Car-Friendly Extended Stay America Posts Limited Q1 RevPAR Decline
Car-Friendly Extended Stay America Posts Limited Q1 RevPAR Decline

Business Travel News (BTN) · 7 May

Extended Stay America's first-quarter comparable systemwide revenue per available room declined 5.8 percent year over year to $43.98, according to th

Lyft Ridership Begins Slow Recovery After Sharp Drop
Lyft Ridership Begins Slow Recovery After Sharp Drop

Business Travel News (BTN) · 7 May

Lyft plans to cut about $300 million in fixed annual costs by the end of this year as the company faces depleted demand, despite some recovery over t

UATP, Citcon to Enable Airline Payments via Chinese Mobile Giants
UATP, Citcon to Enable Airline Payments via Chinese Mobile Giants

Business Travel News (BTN) · 6 May

UATP member airlines soon will be able to accept payments made via ubiquitous Chinese mobile payment services Alipay, WeChat Pay and China UnionPay o

Hilton, Amex Contribute $1M For Meals for Covid-19 Responders
Hilton, Amex Contribute $1M For Meals for Covid-19 Responders

Business Travel News (BTN) · 6 May

Hilton and American Express are contributing $1 million to provide free prepared meals to the Covid-19 frontline healthcare professionals staying at

Southwest Braces for Long Recovery but Sees Potential Corporate Marketshare Upside
Southwest Braces for Long Recovery but Sees Potential Corporate Marketshare Upside

Business Travel News (BTN) · 28 Apr

Southwest Airlines' first-quarter operating revenue declined 17.8 percent year over year to $4.2 billion, and executives expect revenue will be down

Apartment-Style Rental Startup Frontdesk Secures $6.8M in Series A Funding
Apartment-Style Rental Startup Frontdesk Secures $6.8M in Series A Funding

Business Travel News (BTN) · 28 Apr

Short-term apartment-style accommodation company Frontdesk has secured $6.8 million in Series A funding, which is a combination of debt and equity, t

Lufthansa Expects Cash Shortage Within Weeks
Lufthansa Expects Cash Shortage Within Weeks

Business Travel News (BTN) · 24 Apr

The Lufthansa Group has released preliminary Q1 results, revealing the impact of the coronavirus has led to a 47 percent drop in revenues in March. T

Amex Q1 Commercial Card T&E Spending Down, Q2 Plummet Ahead
Amex Q1 Commercial Card T&E Spending Down, Q2 Plummet Ahead

Business Travel News (BTN) · 24 Apr

Global first-quarter travel and entertainment spending volume on American Express corporate cards plummeted 21 percent year over year, the company sa

Travel Leaders Network: Most Members Strike Out on PPP Loans
Travel Leaders Network: Most Members Strike Out on PPP Loans

Business Travel News (BTN) · 20 Apr

While some travel agencies have been able to tap into small business loans offered under the U.S. federal coronavirus relief package, many were unabl

Some Companies Heighten VAT Reclaim Efforts to Shore Up Balance Sheets
Some Companies Heighten VAT Reclaim Efforts to Shore Up Balance Sheets

Business Travel News (BTN) · 16 Apr

To strengthen their balance sheets sooner rather than later amid the coronavirus-caused economic downturn, some companies for the first time are recl