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Travel Management Company
Travel Management Companies (TMCs) are travel agencies that manage organizations' corporate or business travel program. They will often provide an end-user online booking tool, mobile application, program management, and consulting teams, executive travel services, meetings and events support, reporting functionality, and more. Non-Profit Travel Management companies also provide services to manage complex visa requirements, pre-trip medical needs, remote area travel, and immediate disaster relief planning. These companies use Global Distribution Systems (GDS) to book flights for their clients. This allows the travel consultant to compare different itineraries and costs by displaying availability in real-time, allowing users to access fares for air tickets, hotel rooms and rental cars simultaneously. Some major TMCs includThe Travel Group American Express Global Business Travel, Egencia (part of Expedia Group), BCD Group, Carlson Wagonlit Travel, FCM Travel Solutions, Tripactions and ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Travel Agency
A travel agency is a private retailer or public service that provides travel and tourism-related services to the general public on behalf of accommodation or travel suppliers to offer different kinds of travelling packages for each destination. Travel agencies can provide outdoor recreation activities, airlines, car rentals, cruise lines, hotels, railways, travel insurance, package tours, insurance, guide books, Very important person, VIP Airport lounge, airport lounge access, arranging logistics for luggage and medical items delivery for travellers upon request, public transport timetables, car rental A car rental, hire car or car hire agency is a company that rents automobiles for short periods of time to the public, generally ranging from a few hours to a few weeks. It is often organized with numerous local branches (which allow a user to ...s, and bureau de change services. Travel agencies can also serve as General sales agent (airlines), general sales agents for airl ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Corporate Travel Management
Corporate travel management is the function of managing a company’s strategic approach to travel (travel policy), the negotiations with all vendors, day-to-day operation of the corporate travel program, traveler safety and security, credit-card management and travel and expenses ('T&E') data management. CTM should not be confused with the work of a traditional travel agency. While agencies provide the day-to-day travel services to corporate clients, they are the implementing arm of what the corporation has negotiated and put forth in policy. In other words, CTM decides on the class of service which employees are allowed to fly, negotiates corporate fares/rates with airlines and hotels and determines how corporate credit cards are to be used. The agency on the other hand makes the actual reservation within the parameters given by the corporation. For many companies, T&E costs represent the second highest controllable annual expense, exceeded only by salary and benefits, and are ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Global Distribution System
A global distribution system (GDS) is a computerised network system owned or operated by a company that enables transactions between travel industry service providers, mainly airlines, hotels, car rental companies, and travel agencies. The GDS mainly uses ''real-time inventory'' (e.g. number of hotel rooms available, number of flight seats available, or number of cars available) from the service providers. Travel agencies traditionally relied on GDS for services, products and rates in order to provide travel-related services to the end consumers. Thus, a GDS can link services, rates and bookings consolidating products and services across all three travel sectors: i.e., airline reservations, hotel reservations, car rentals. GDS is different from a computer reservations system, which is a reservation system used by the service providers (also known as vendors). Primary customers of GDS are travel agents (both online and office-based) who make reservations on various reservation syst ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Hotel Rooms
''Hotel Rooms'' is a 2013 release from Tyson Illingworth, better known as tyDi. It is a compilation of his non-dance music tracks, some of which had been previously released. The album features the vocals of Tania Zygar, Audrey Gallagher, Kane, Luke Mansini, Carmen Keigans, and Christina Novelli. Track listing Release history References {{Authority control 2013 albums Armada Music albums ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Rental Cars
A car rental, hire car or car hire agency is a company that rents automobiles for short periods of time to the public, generally ranging from a few hours to a few weeks. It is often organized with numerous local branches (which allow a user to return a vehicle to a different location), and primarily located near airports or busy city areas and often complemented by a website allowing online reservations. Car rental agencies primarily serve people who require a temporary vehicle, for example, those who do not own their own car, travelers who are out of town, or owners of damaged or destroyed vehicles who are awaiting repair or insurance compensation. Car rental agencies may also serve the self-moving industry needs, by renting vans or trucks, and in certain markets, other types of vehicles such as motorcycles or scooters may also be offered. Alongside the basic rental of a vehicle, car rental agencies typically also offer extra products such as insurance, global positioning sys ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
American Express Global Business Travel
American Express Global Business Travel (GBT) is a multinational travel and meetings program management company headquartered in New York City. GBT has 13,500 employees in more than 140 countries. Paul Abbott has been the CEO of GBT since October 2019. About GBT is headquartered in New York City, with additional offices in 133 countries. Ownership history In 2014 American Express divested their Global Business Travel division for an investment of $900 million to an investor group creating American Express Global Business Travel. The investment group was led by Certares LP and included Qatar Holdings, Macquarie Capital and funds managed by BlackRock and Teacher Retirement System of Texas. American Express maintained 50-percent ownership of the newly created American Express Global Business Travel (GBT). In December 2021, American Express GBT announced plans to become a publicly traded company through a business combination with Apollo Strategic Growth Capital, a Special Purpo ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Expedia Group
Expedia Group, Inc. is an American online travel shopping company for consumer and small business travel. Its websites, which are primarily Travel website#Fare aggregators and metasearch engines, travel fare aggregators and travel metasearch engines, include Expedia.com, Hotels.com, Vrbo (previously HomeAway), Travelocity, Hotwire.com, Orbitz, Ebookers, CheapTickets, CarRentals.com, Expedia Cruises, Wotif, and Trivago. According to Rich Barton, the company's first Chief executive officer, CEO, the word "Expedia" is derived from a combination of "exploration" and "speed". History Founded as a division of Microsoft in October 1996, Expedia was Corporate spin-off, spun off into a public company in 1999. In 2001, IAC/InterActiveCorp (known at the time as USA Networks Inc) bought a controlling interest in the company for an estimated $1.5 billion. In 2003, it was fully purchased by IAC/InterActiveCorp and became part of IAC Travel. Rich Barton resigned as CEO and was replaced by Er ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
BCD Group
BCD Group (formerly BCD Holdings N.V.) is a privately owned Dutch company and consists of BCD Travel (global corporate travel management and its subsidiaries ''BCD Meetings & Events'', global meetings and events agency, and ''Advito'', global business travel consultancy), and Park 'N Fly (off-airport parking). Founded in 1975 by John Fentener van Vlissingen, BCD Group employs more than 10,000 people and operates in 100+ countries. Total sales, including franchising of , amount to (2019). History BCD was founded in 1975 by John Fentener van Vlissingen as a real estate management company, Property Management Advisory Services,''The Art of Enterprise-BCD Holdings 1975-2000'' with founding capital of and 2 employees. In 1976, van Vlissingen left his job at Pierson, Heldring & Pierson to focus exclusively on his company, which opened an office in Atlanta that year and changed its name to Noro Management Inc. BCD became deeply involved in real estate development in the Atlanta metr ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Carlson Wagonlit Travel
CWT (formerly Carlson Wagonlit Travel) is a travel management company that manages business travel, meetings, incentives, conferencing, exhibitions, and handles event management. Headquartered in Minneapolis, Minnesota, the company reported US$23 billion in total transaction volume in 2018. It is ranked 5th on the list of top earning travel companies published by ''Travel Weekly''. History CWT has existed in its present form since 1994, the result of a 50%/50% merger of two large travel agencies: the ''Ask Mr. Foster Travel Agency'' chain, later called ''Carlson Travel Network'', and the travel agency of Compagnie Internationale des Wagons-Lits (literally ''sleeping car''), founded by Georges Nagelmackers in 1872 in Belgium and later acquired by Accor. On April 27, 2006, Accor announced the sale of its 50% interest in CWT: 5% to Carlson (company), Carlson and 45% to One Equity Partners, an affiliate of JP Morgan Chase. On June 22, 2014, Carlson (company), Carlson, which owned ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
FCM Travel Solutions
FCM Travel is the corporate travel business of the Flight Centre Travel Group (FCTG). The company is headquartered in Brisbane and operates a network spanning over 100 countries across Europe, Middle East, Africa, Asia Pacific and the Americas. History FCM was officially launched to market in 2004 following the consolidation of various corporate travel businesses within parent company FCTG. From the mid to late 1990s, FCTG aggressively grew its organic corporate businesses and at the same time made a number of strategic acquisitions to enhance the group's technology capabilities and strengthen its international market penetration. By 2002 FCTG's corporate division included seven different businesses, which in 2004 were consolidated to form FCM Travel Solutions. The reach of FCM's global network broadened significantly with the acquisition of major travel companies including Sydney Business Travel (Australia), Internet Travel Group (Australia), Garber Travel (USA), Bannockburn ( ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
TripActions
TripActions is a travel management, corporate card and expense management company for businesses. Booking and managing travel and expenses can be done on the web or via a smartphone app. History The Palo Alto, California-based travel company, TripActions Inc., was founded in May 2015 by Ariel Cohen and Ilan Twig (also the founders of StreamOnce, acquired by Jive Software). In May 2015, TripActions received a $4 million Seed round led by Zeev Ventures with participation from Dovi Frances and Lightspeed Venture Partners. In January 2016, TripActions received $14.6 million series A round led by Oren Zeev Ventures and Lightspeed Venture Partners with participation from Group 11. The company officially launched out of stealth mode and announced their funding in January 2017. In October 2017, the company announced that they had raised an additional $12.5 million led by Lightspeed with participation from Zeev Ventures and Group 11. The company moved in June 2017 from Menlo Park, C ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
TravelPerk
TravelPerk is a travel management company that provides business travel solutions to companies. It offers a variety of travel and expense management services in one unified platform, including automating spending limits and travel policies among others. The company is headquartered in Barcelona, with business hubs in London, Birmingham, Edinburgh, Berlin, Chicago, Boston, and Miami. The company raised $409 million at the end of its Series D funding round in 2022, achieving unicorn status and a valuation of over $1 billion. History TravelPerk was founded in 2015 by Avi Meir (founder of Hotel Ninjas, acquired by Booking.com), Javier Suarez, and Ron Levin. Their aim was to create an all-in-one platform that’s aimed at making business travel management easier and keeping travelers happy. Shortly after being founded, TravelPerk received a $7 million series A round led by Spark Capital. In October 2018, the company raised a $21 million Series B round led by Target Global, Felix Ca ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
