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28 SEP 2010 |
The Facts on Foreign Transaction Fees
Posted in Blog, The Wire by AirPlus US Team
As international business travel stages a recovery, travel managers should consider budgeting for foreign exchange fees. According to data from Airlines Reporting Corporation, international travel has staged a significant recovery in the last eight months. International travel transactions made through U.S. travel agencies are up nearly 12 percent over the same period last year, and international fares are up more than 26 percent. As global business travelers get back on the road, few companies are tracking the impact on their budgets of foreign transaction fees incurred on their corporate cards.
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15 SEP 2010 |
Interview: International Travel Management in South Africa
Posted in Blog by AirPlus Editor
AirPlus Global Reach Editorial Office talks with Natasha Freeman – Sales Manager South Africa – about trends, opportunities, challenges and developments in the South African travel management market.  Natasha Freeman AirPlus: What are the main trends and developments concerning Travel Management in South Africa? NF: While inbound travel to Africa was affected by the financial crisis, it was a notable exception for South Africa. South Africans continued to travel, however for shorter periods, and in cheaper classes of travel. The number of travellers dropped only by approximately 15 %. Business travel budgets in South Africa have come under scrutiny, as a result of this crisis, and many companies are now looking for value driven low cost travel. Read more
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27 AUG 2010 |
On the Up and Up
Posted in Blog, The Wire by AirPlus US Team
Business travel buyers and suppliers project rising travel volumes and identify new pressures from upper management for the second half of 2010. Airlines, hotels and car rental companies in the United States reported good to excellent recovery patterns as business travel hit an acceptable stride in the second quarter of 2010. These earnings numbers are supported by worldwide travel agency sales data from Airlines Reporting Corporation, which has shown an average increase of 21.7 percent over the first half of 2010 based on 7.5 percent higher domestic transactions and 11 percent more international transactions when compared to the same period last year. In an online survey of 80 travel buyers and suppliers conducted in late July and early August by AirPlus International, rates of optimism surrounding travel volume increases for the second half of 2010 showed some marked differences for buyers versus suppliers. The majority of both groups projected business travel volume increases overall, and a larger percentage of buyers than suppliers actually expect to see increases in their company‘s business travel volume in the latter half of 2010 when compared to the same period last year. Suppliers, however, showed somewhat more optimism than buyers when asked about the specific rate of that increase.
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