Latest news with #corporate travel
National Post
4 days ago
- Business
- National Post
AMGiNE Gains Market Momentum with Leading TMCs; Unveils the AMGiNE Experience and JENi, a Consumer-Grade Agentic Tool for Traveler Self-Service
Article content TORONTO — AMGiNE, corporate travel's trusted AI partner, today announced it is gaining significant traction in the market as travel management companies (TMCs) accelerate their adoption of its AI-powered platform. The company has recently expanded its deployments with TMCs such as MGME, Travel Incorporated, and Atlas Travel. After running an active pilot for four months, BCD Travel has also just signed a commercial agreement with AMGiNE. The company's momentum with customers coincides with the rebranding of its platform as The AMGiNE Experience; and the launch of JENi, a powerful new agentic AI module that enables traveler self-service. Article content The AMGiNE Experience Article content Article content integrates seamlessly with legacy PNR systems and GDS/NDC content, offering a hybrid model that supports high-touch, low-touch, and no-touch workflows for both group and transient travel. It empowers TMCs and corporate travel departments (CTDs) to meet travelers where they are, enabling itineraries to be requested and booked across email, Slack, WhatsApp, and other messaging platforms – without the need for a traditional online booking tool (OBT). Article content JENi Article content enables corporate travelers to self-shop, receive personalized itinerary options, and manage their bookings, all within policy, with AI-based filters and search capabilities that can be accessed using natural language. The result is a consumer-grade experience that travel managers can trust and agents can support effortlessly according to client preference. Travelers gain speed and convenience, while agents can stay focused on the high-value services their clients care about the most. Article content 'The evolution of our Travel-as-a-Service platform reflects AMGiNE's expanded capabilities and underscores our commitment and distinctive approach to modernizing managed travel by solving real-world challenges through practical, high-impact AI automation,' said Greg Apple, CEO of AMGiNE. Article content AMGiNE is also optimizing how group air is managed. The company has deepened its partnership with Cvent, enabling seamless automation from event registration to confirmed itinerary. Article content Early TMC adopters of the AMGiNE Experience are reporting demonstrable results: Article content 'With The AMGiNE Experience we're going beyond automating workflows; we're redefining how business travel gets done,' says Apple. 'And JENi represents the next step in agentic AI by empowering travelers and freeing up agents to focus on high-value tasks.' Article content AMGiNE is trusted by travel leaders Article content 'The integrated AMGiNE and Cvent integration is nothing short of a game changer. It closes the gap between our premium services and the traditional group air booking experience. Things will be even more exciting now, with a commercial agreement in place, because we can bring this value to even more of our clients, at scale.' — Article content David Mitchell, President of BCD Travel Midmarket and World Travel Service. Article content 'The new JENi AI-assisted booking tool has significantly improved our agency's efficiency while increasing traveler adoption. It's given our travelers more control and boosted their confidence in the speed and accuracy of booking.' — Eric Almond, Head of Product, Travel Incorporated. 'The impact has been transformative for our travelers, agents, and the operations team—faster service, better compliance, and a superior experience.' — Jim Grove, EVP Operations, MGME ' AMGiNE is helping us rethink what modern corporate travel can be. With JENi, we're delivering faster, more intuitive experiences for travelers—while preserving the control and service our clients rely on.' — Andy Piggot, CIO, Atlas Travel About AMGiNE AMGiNE is the trusted AI partner for corporate travel. The company's next-generation AI platform enables travel management companies (TMCs), corporate travel departments (CTDs), and corporate travel managers to automate both transient and group bookings, delivering up to 700% efficiency gains and superior traveler experiences. Through its API-first capabilities, AMGiNE streamlines serviceability for TMCs and CTDs across online and offline booking channels, powering hybrid workflows (high-touch, low-touch, or no-touch) and accepting travel requests from multiple channels, including email, Slack, WhatsApp, and leading event management platforms such as Cvent. With 25 issued and allowed patents, AMGiNE combines advanced AI with deep travel tech expertise to solve real-world challenges across online and offline channels. Additional information is available at Article content Article content Article content Article content Contacts Article content Media: Article content Article content Tonja Aldis Article content Article content
Forbes
4 days ago
- Business
- Forbes
Comprehensive Insights Into Business Travel Trends
Egor Karpovich, CEO of Travel Code. We are a corporate travel management platform that helps businesses save on every trip. We are in the middle of a business travel revolution. And with the rapid rate of change in this space, sticking with decades-old business travel programs is no longer sufficient. Companies need to evolve with the times, and part of that is keeping up with the trends. Below, we'll take a look at some of the biggest developments for business travelers over the last year. A Focus On Employee Well-Being There has been a significant shift in recent years toward a focus on overall employee wellness. This might have already been happening ahead of the pandemic, but that event certainly put the movement into overdrive. These days, more people work from home than ever before. The comfort of working at home has led people to expect more comfort in all areas of their employment, including travel. Asking an employee to head out onto the road when they are used to working in their own house is a big request, and they'll expect to be accommodated nicely along the way. Business travelers now expect to have plenty of flexibility in their trips, along with comfortable accommodations and personal time to explore the area they are visiting. If your employees are going to make the most of these trips and if they will be willing to accept future assignments for other trips, you'll need to make sure they are properly cared for along the way on these voyages. Corporate Travel Making A Big Comeback It would be an understatement to say that corporate travel was impacted by the pandemic. For the most part, business travel shut down completely during that period. Even as the years passed and restrictions eased, many companies were hesitant to put people back out on the road for a variety of reasons. That is changing. Around the world, business travel expenditure is quickly climbing once again. In fact, it is approaching the levels that were seen before the pandemic, and might even exceed those levels in the years ahead. To be sure, business travel is back in a big way, and the many benefits that it offers are being rediscovered by companies large and small. One of those benefits is the importance of meeting in person with customers and clients to drive company growth. There is something that is lost when only Zoom calls are used to make a connection. The power of meeting people in person remains just as important in the digital age as it has been throughout human history. Leaning Into Customized Experiences Many corporations have operated for years using a one-size-fits-all travel policy. When an employee needed to travel, they had to follow the prescribed process, and that was the end of it. There was no room for discussion, negotiation or flexibility. This is another area where a big shift in corporate travel trends is being seen. More often than ever before, businesses are willing to adapt their travel policies to the needs and preferences of the individual traveler. This goes back to the first point about placing an emphasis on employee well-being. By providing more choices and being open to personalized itineraries, companies make the travel experience more appealing. And, in some cases, this flexibility can actually lead to more affordable trips, meaning the business can come out ahead, as well. Integrating Broader Consumer Trends There is less of a distinction between personal and professional travel now than we have ever seen in history. More and more, people expect their large or small business travel experience to closely mirror the experience they have when hitting the road for personal adventures. This means they want to have access to things like easy, user-friendly business travel booking sites. They don't want to work through a complicated, murky corporate booking process just to reserve a hotel or book a flight. It should be just as easy to schedule a business trip as it is to schedule a personal trip. For some companies, this means that change is necessary from previous booking programs. There are plenty of high-tech platforms available to accommodate today's business travelers, but making a shift to those options might be resisted at first. But I believe that once a business sees what can be gained by giving its people the flexibility and convenience they desire, there is no looking back. The Importance Of Sustainability One thing that the pandemic helped businesses realize was the significant environmental impact of their travel practices. With no choice but to pause traveling, companies could plainly see how a reduction in travel could directly benefit the planet. That doesn't mean those same companies won't go back to using travel as a regular part of their operations. We've already seen how they are embracing travel again, and the business world is back on the road just like before. But there is a middle ground where travel can come back, yet companies can think more now about the environment than they did before. This focus on sustainability will likely be seen in relatively small, subtle ways. For example, a business might choose to cut down on flights by grouping client visits into one trip rather than going back and forth to the same area. Or, they could cut back on how many people are sent to a specific client or project, reducing costs and environmental impact at the same time. Managing corporate and business travel doesn't need to be a vexing problem or an ongoing headache. As long as you keep up with the trends occurring in this space to make sure your employees are comfortable and happy on their travels, this part of your business can continue to drive great value for years to come. 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Arabian Business
5 days ago
- Business
- Arabian Business
Etihad Airways launches corporate travel portal to streamline business travel management
Etihad Airways has launched Etihad for Business, a fully digital corporate travel management portal designed to simplify and enhance the way companies manage their business travel programmes. The new platform allows corporate customers to access, track, and optimise their travel spend through a single, user-friendly interface. With self-service tools and real-time analytics, the portal puts businesses in direct control of their travel performance and benefit redemptions. Etihad for Business benefits Real-time performance tracking and automated reports Transparent tiering and contract management Self-service redemption of Etihad for Business credits Access to exclusive benefits like seat upgrades, lounge access, and ground transport Dedicated support for travel managers and account teams Javier Alija, Vice President Global Sales and Distribution, said: 'We've created a platform that puts control directly in our corporate partners' hands. Companies can now manage everything from performance tracking to benefit redemptions through one simple interface.' The Etihad for Business programme rewards companies with credits for every trip booked, which can be used to unlock value-added travel experiences for employees. The platform is designed to work seamlessly for both corporate clients and travel management companies, offering flexibility and visibility across all levels of travel planning. Future updates will introduce enhanced analytics tools and expanded functionality, further reinforcing Etihad's commitment to supporting corporate customers with cutting-edge digital solutions. 'Business travel management should be straightforward, not complicated,' Alija added. 'Our portal delivers exactly that: a user-friendly experience that makes it easy for companies to maximise the value of their travel programmes.'
Yahoo
15-07-2025
- Business
- Yahoo
Evercore ISI Maintained a Buy Rating on Global Business Travel Group (GBTG)
Global Business Travel Group, Inc. (NYSE:GBTG) is one of the . On May 7, Duane Pfennigwerth from Evercore ISI maintained a Buy rating on Global Business Travel Group, Inc. (NYSE:GBTG) with a price target of $10. The reiterated bullish sentiment comes after the company delivered its Q1 2025 results. The company grew its revenue by 2% year over year, reaching $621 million. When adjusting for constant currency and workdays, revenue growth was even stronger at 4%. In addition, the adjusted EBITDA grew 15% year over year to $141 million, showing significant improvement in profitability. A businessperson enjoying a coffee while planning their next conference meeting. Management of Global Business Travel Group, Inc. (NYSE:GBTG) noted that the last twelve months' new win value accelerated to $3.2 billion, with $2.3 billion coming from small and medium-sized enterprises. The company also maintained a high customer retention rate of 96% over the past year, indicating strong customer loyalty and satisfaction. Looking ahead, Global Business Travel Group, Inc. (NYSE:GBTG) expects Q2 revenue between $615 million and $635 million, with adjusted EBITDA between $125 million and $135 million. Global Business Travel Group, Inc. (NYSE:GBTG) is a business-to-business (B2B) company that provides technology-enabled software and services to manage corporate travel, expenses, meetings, and events. While we acknowledge the potential of GBTG as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now. Disclosure: None. This article is originally published at Insider Monkey. Melden Sie sich an, um Ihr Portfolio aufzurufen.
