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  • 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.

  • HFTP Compensation and Benefits Report: 2018 Data on Hospitality Staffing and Compensation

    The 2018 HFTP Compensation and Benefits Survey was released this summer and made available to HFTP members. This is a biannual report that was developed to provide information on salaries and benefits, and to give an ongoing profile of accounting, finance and technology professionals in the hospitality industry.

  • 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.

  • Primary Club Metrics

    Survey results identify which metrics are most often used to determine performance. By Agnes DeFranco, Ed.D., CHAE; Tanya Venegas, MBA, MHM, CHIA; and Amanda Belarmino

Troovo Takes Home 2018 Innovator of the Year Award

Business Travel News (BTN)·12 November 2018
BTN's 2018 Innovator of the Year just may be the company that finally brings virtual payments into the mainstream for corporate travel. Judges at the BTN Group's recent Innovate conference awarded the prized title to robotic process automation, or RPA, provider Troovo. The company aims to take the pain—and the high price—out of generating and using virtual cards.

Wex Enters Japan

Business Travel News (BTN)· 5 November 2018
Wex Inc. is making its first foray into Japan. It will issue virtual payment cards for Japanese payment network JCB. Set to launch in the second half of 2019, the partnership makes Wex JCB’s first issuer of virtual cards.

Delta Enters Bidding for Alitalia

Business Travel News (BTN)· 2 November 2018
Delta has emerged among the latest round of bidders for Alitalia, and low-cost carrier EasyJet also remains interested in the Italian carrier, according to Bloomberg. Italian state-owned railroad company Ferrovie dello Stato has made an offer, as well.

Travel & Corporate Solutions Continues Driving Strong Growth for Wex

Business Travel News (BTN)· 1 November 2018
Wex Inc.'s travel and corporate solutions revenue surged 36 percent year over year during the third quarter to $82.8 million. The segment's performance helped revenue jump 18 percent to $382.7 million, marking Wex's ninth straight quarter of double-digit revenue growth.

Air Canada Premium Travel Demand Rose in Q3

Business Travel News (BTN)· 1 November 2018
Rising demand for premium class travel helped boost Air Canada's passenger revenue 11.2 percent year over year in the third quarter to $5.02 billion Canadian.

Uber Adds Uber Eats to Business Platform

Business Travel News (BTN)· 1 November 2018
Uber has launched a business management offering for its Uber Eats food delivery service as part of the Uber for Business platform. Uber Eats, a separate app that provides delivery service from participating restaurants, launched in 2014.

Air France-KLM Q2 Revenue Rises

Business Travel News (BTN)·31 October 2018
Air France-KLM revenue increased 5.1 percent year over year to 6.43 billion euros in the third quarter as the carrier resolved labor disputes that have hindered its performance significantly.

Uber Turns Key on Rydoo Integration

Business Travel News (BTN)·30 October 2018
T&E platform Rydoo can automatically populate Uber for Business receipts into Rydoo's expense app. Employees then can submit those expenses with a single click. In August, Uber for Business announced its intention to integrate with Rydoo, along with Expensya, Happay, Zeno by Serko and Zoho Expense.

Gant Travel Strikes Partnership Agreement with Airbnb for Work

Business Travel News (BTN)·30 October 2018
Gant Travel has formed a partnership with Airbnb for Work to make Airbnb content available to all its Concur Travel customers.

Omega World Travel Releases Mobile App & Alexa Data Analytics Capability

Business Travel News (BTN)·26 October 2018
Omega World Travel has released a mobile app for traveler use called Omega Go. The app links out to the apps for online booking tools SAP Concur Travel, Amadeus Cytric Travel & Expense and Sabre GetThere. The travel management company also can connect to other mobile-friendly OBTs. The app also can be customized to include a client's logo and include agency contact information specific to that client, said Omega VP of IT and data analytics Nadim Hajje.

Fuel Cost Increases Offset American Airlines' Q3 Corporate Revenue Growth

Business Travel News (BTN)·25 October 2018
Strong corporate travel demand helped propel American Airlines to record third-quarter revenue this year, though higher fuel prices ate up those gains.

Hilton CEO Speaks to Corporate Sentiment & Rate Negotiations

Business Travel News (BTN)·25 October 2018
Hilton president and CEO Christopher Nassetta pegged 2019 corporate rate increases in the 2 percent to 3 percent range during the company's third-quarter earnings call. Last year, Hilton projected rates to end the year between 1 percent and 3 percent higher than in 2016, and the actual increase landed on the modest end of that range, close to 1 percent. However, the outlook is improving and business travel is looking strong for next year, based on "the latest and greatest update" Nassetta received from Hilton's corporate sales team this week.

Travel and Transport Assumes Full Ownership of Radius Travel

Business Travel News (BTN)·22 October 2018
Travel management company Travel and Transport has fully acquired global travel agency network Radius Travel, having completed the process over the past few years of buying out the network's other two owners. As Radius Travel president and CEO Shannon Hyland moves to his new title of SVP of global services for Travel and Transport, he said it "first and foremost will be business as usual."

United Will Realign Premium Codes This Weekend

Business Travel News (BTN)·18 October 2018
This weekend, United Airlines will realign some of its premium booking codes, partly in preparation of the launch of its Premium Plus premium economy cabin.

TravelPerk Continues Growth Spurt with $44 Million Funding Round

Business Travel News (BTN)·16 October 2018
Barcelona-based business travel booking and trip management provider TravelPerk has landed a $44 million investment, funding the company said it will use to accelerate growth and expand into new markets. The Series C funding round continues a pattern of strong investment growth for TravelPerk, following its $21 million Series B round in April 2018 and a $7.5 million Series A round in 2015.

International Air Passenger Trips Rose Over 10 Percent in September

Business Travel News (BTN)·16 October 2018
The consolidated dollar value of airline tickets sold by U.S.-based travel agencies rose 8.1 percent year over year in September, totaling $7.5 billion, according to Airlines Reporting Corp.

Amex M&E Forecasts Steady Growth for Meetings & Events in 2019

Business Travel News (BTN)·16 October 2018
Meeting planners are optimistic about 2019, according to American Express Meetings & Events' 2019 Global Meetings & Events Forecast, based on a survey conducted in July and August of over 700 meetings and events professionals in 33 countries.

Event Tech Company Raises $6.3 Million

Business Travel News (BTN)·16 October 2018
Event management technology provider Hubb has raised $6.3 million in a Series B funding round led by Five Elms Capital.

Supplier Share in BTN's Corporate Travel 100

Business Travel News (BTN)·15 October 2018
BTN's 31st annual Corporate Travel 100 report is out. The report lends insights into what the biggest corporate travel programs did in 2017 in terms of spend, policy and initiatives, as well as what they're working on this year. Below, BTN also has aggregated the primary U.S. suppliers for those companies for which information was available. Note that some have different suppliers that handle most of their business outside the U.S.

Hyper-Focus on Costs Hurt Attrition, According to a Recent Survey

Business Travel News (BTN)·12 October 2018
Travel programs that focus primarily on cost pose a higher risk of attrition and a lower success rate, according to a survey of 742 U.S.-based road warriors conducted May 7 through 17 and sponsored by Airlines Reporting Corp., Delta, FlightGlobal and tClara. Respondents spent at least 35 nights away from home while traveling for work in the course of a year.

Five Airlines Join NDC Exchange

Business Travel News (BTN)· 9 October 2018
British Airways, Delta, Finnair, the Latam Group and United Airlines all are joining ATPCO and SITA's NDC Exchange platform.

AccorHotels & Eurostar Form Loyalty Alliance

Business Travel News (BTN)· 9 October 2018
AccorHotels and Eurostar have formed a loyalty program partnership that will allow for point conversion and redemption between the Le Club AccorHotels and Club Eurostar platforms.

Faster Airport Security, You Say? Sure, I'll Share My Personal Data,' Plus More Traveler Opinions

Business Travel News (BTN)· 4 October 2018
Sixty-five percent of air passengers are willing to share personal data if it would expedite the security process, according to the International Air Transport Association's 2018 Global Passenger Survey. Forty-five percent also are willing to replace their passports with biometric identification. Following are more insights IATA gleaned from its survey of 10,408 air passengers from 145 countries between April and July 2018.
commercial

Virgin Atlantic Launches First Flight with 'Recycled' Fuel

Business Travel News (BTN)· 4 October 2018
Virgin Atlantic on Tuesday had its first flight using a sustainable fuel. It hopes its partner LanzaTech eventually will produce enough fuel that all the carrier's outbound flights from the U.K. will run on a 50-50 mix of sustainable and traditional fuel.

Delta Will Offer Personal Websites for Corporate Travel Buyers

Business Travel News (BTN)· 3 October 2018
In November, Delta will begin offering its corporate partners personal websites that detail benefits available through a company's corporate sales agreement.

U.S. Travel Volume Grew 3.8 Percent YOY in August

Business Travel News (BTN)· 3 October 2018
Travel to or within the U.S. grew 3.8 percent year over year in August, according to the U.S. Travel Association's Travel Trends Index. Growth for each domestic business travel and domestic leisure travel accelerated, supported by strong consumer spending and consumer confidence that reached heights last seen in 2000.

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