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Zoom Sees 355 Percent Revenue Leap on Rise of Virtual Meetings

Back view of business woman talking to her colleagues about a business plan in a video conference. Adobe Skift Take: Zoom’s latest earnings report suggests that the trend in remote working may have staying power even after society tames the pandemic. The implications are unnerving for event planners and travel management companies. — Sean O’Neill […]

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Corp Travel Agencies Face More Airfare Uncertainty as Carriers Miss Distribution Deal Deadlines

Air France-KLM struck a private channel agreement with Amadeus in 2018. Airbus SAS Skift Take: The juries are still out over whether airlines and the global distribution systems will kiss and make up soon. Corporate travel agencies will be hoping it won’t be much longer though, otherwise some may face the prospect of having to […]

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Why Yatra’s Broken Deal Won’t Help Corporate Travel’s Mergers-and-Acquisitions Prospects

Ebix chairman and CEO Robin Raina talks at Ebix Presents TV18 India Rising Summit 2019, a pan-India thought leadership effort sponsored by Raina’s U.S.-based software company. Skift Take: As well as the devastating short-term effects, we’re now starting to see how coronavirus can equally have longer lasting impacts on the corporate travel sector. — Matthew […]

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Another Travel Merger Sunk by Coronavirus: Ebix Purchase of Yatra Falls Apart

Dhruv Shringi, the co-founder of Yatra, has been CEO of the travel company based in Gurgaon for about 14 years. Yatra Skift Take: The crisis has caused several deals in the travel sector to come undone, such as an American Express GBT deal, Wex’s bid to buy Enett, and Sabre’s bid to buy Farelogix. But […]

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Expedia Versus Airbnb’s Industry Recovery Plans and 10 Other Top Coronavirus Travel Stories This Week

A Chinese traveler at an airport May 27, 2020. Expedia Group launch a recovery plan to stimulate travel demand. Adobe Skift Take: In our coronavirus-related stories this week, Skift covered Expedia Group’s industry recovery plan, the United Airlines CEO’s hopes to avoid bankruptcy, hotel rate negotiations with corporate travel agencies, and what 100,000 coronavirus deaths […]

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Travel’s Paralysis Will Hurt Google’s Advertising Business in Coming Months

Pictured is a Google office. The company forecasts a difficult second quarter for its advertising business. Associated Press Skift Take: Google’s advertising business slowed in March as the pandemic kicked in globally. The second quarter, which ends in June, could be worse, and travel advertisers doing everything they can to conserve cash will be one […]

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Itilite Raises $13 Million for Business Travel Management: Travel Startup Funding This Week

The co-founder of Itilite, a business travel management startup. From left: CEO Mayank Kukreja and Anish Khadiya, chief business officer. Itilite Skift Take: Itilite, a business travel management startup based in India, differs in emphasis from companies like TripActions and Travelperk. It’s notable for focusing on mid-size to large companies, rather than small businesses. It […]

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Second Life Targets Corporate Sector as Travel Lockdown Bites

A virtual meeting in Second Life. Second Life Linden Lab Skift Take: Second Life has every right to reach out to businesses figuring out new ways to work remotely and to better engage potential customers, but there’s a lot of competition right now. — Matthew Parsons Read the Complete Story On Skift

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Executive Q&A: How to Cut Costs on Business-to-Business International Payments

Skift Take: Travel companies today are more dependent on moving money around the world than ever before. Minimizing the friction caused by foreign exchange fees, regulatory surcharges, and other international fees requires a secure and streamlined global payment solution. — Read the Complete Story On Skift

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Hipmunk Co-Founders Spurned by SAP Concur in Attempt to Buy Back the Company

Hipmunk co-founders Adam Goldstein (left) and Steve Huffman tired to buy back the company from Concur. Hipmunk Skift Take: It isn’t very unusual for a company like Hipmunk to get acquired and then to fade into oblivion in the clutches of a much larger corporation. That’s the way it goes in the heartless mergers-and-acquisitions game. […]