Recession
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The General Services Administration's $1.5 billion, 15-year ETS2 contract will be awarded in June, Concur chairman and CEO Steve Singh estimated
… quarter results, including revenue of $108.4 million. That came in at 28 percent higher than a year earlier, the company's "highest year-over-year growth rate since the beginning of the recession ," CFO Frank Pelzer said.
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Pegasus: March Global GDS Hotel Bookings Decrease While Rates Increase
… reassuring,” adding “the cumulative progress made since the recession began has been retained, despite the shaky economic environment ..... particular are coming in higher than they were during the recession , and corporate travel remains the “bedrock of recovery …
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2012 SME Report: SMEs Tighten Policy Too, But Enforcement Differs
… no matter the air policy, if there's something cheaper, they go with the cheaper option. You see that more since the recession ." In addition to guiding travelers to the lowest airfare or even requiring pre-trip approval, according to Wells, SMEs …
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Meetings management firm Maritz Travel announced the acquisition of Experient
… volatile business environment," said Maritz Travel president David Peckinpaugh in a statement. "Spend is returning to pre- recession levels, and together Maritz Travel and Experient are leading the market in delivering the flexibility and range of services …
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Travel Card Spending To Reach $186B By 2015
… 10 percent during the 2008-2009 downturn but "rebounded significantly in 2010 to $156 billion," just shy of the pre- recession "high-water mark of $157 billion in 2007," according to RPMG Research Corp.'s 2011 Corporate Travel Card Benchmark …
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Premium air travel demand lost momentum in August, with passenger counts up by 2 percent year over year
… Although there was a significant rebound in premium travel after the 2008-09 recession , there has clearly been a structural shift, due to the severity of the recession , away from travel on business and first class seats towards economy. Forward …
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BCD Travel Tweaks Global Partnerships, Sees 'Pockets' Of High Growth
… growth, maximize local opportunities and address local "particularities" in light of the acute impact in Spain of the Great Recession , according to BCD. "Although we have seen enormous growth in the Far East, most of the volume is still driven from American …
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New MPI Chair: Meetings Management Recovering Globally, Maturing In Asia And Latin America
… as opposed to B-to-B or staff communication events," he explained. As the global meetings industry emerges from the recession , it will become different than what existed before, Tondeur said. Today's meetings are "more business-focused, trying …
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BTN's 2011 Business Travel Survey: At The Crossroads
… rates rise. However, lukewarm global macroeconomic trends and social upheaval in some regions suggest the current post- recession period may be more challenging than typical financial recoveries. In the airline sector, for example, high-yielding business …
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Great Hotels: Q1 Corp. Bookings Up 19%
… This trend indicates the beginnings of a return to pre- recession levels for the corporate travel sector as well as the economy ..... upper hand in pricing as average daily rate returns to pre- recession levels." The London-based Great Hotels provides sales …
