Week in Review
According to the Chicago Tribune, a new study suggests the TSA would save $34 million a year by making PreCheck free for frequent fliers. In addition to saving millions, the agency could create shorter lines and enhance security at many of the nation’s airports.
Earlier this year, the GBTA Aviation Committee unveiled a new, revamped Airline Request for Proposal (RFP). Designed to become the new industry standard for travel professionals, the new airline RFP toolkit is now available free of charge to all in the industry.
Ctrip has officially completed its previously announced acquisition of SkyScanner in an estimated $1.74 billion deal, according to TechCrunch.
According to Buying Business Travel, Cabfind announced a partnership with travel management company CTI. The partnership will allow the ground transport company to expand its service.
Buying Business Travel shares new research from Carlson Wagonlit Travel that suggests businesses could reduce travel spend by up to 15 percent by changing traveler behavior and enforcing existing travel policies.
According to MarketWatch, IATA estimates airline profits will reach record heights before 2017. The association says airlines are expected to deliver a combined record net profit of $35.6 billion this year, an increase from $35.3 billion last year. IATA has also stated global air passenger traffic demand rose 5.8 percent in October compared to the same period last year, according to Manila Bulletin.
TravelDailyNews reports Scope 5 and Concur have partnered to help customers track the emissions impact of business travel. The Scope 5 integration is now available through the Concur App Center.
According to Buying Business Travel, UK airports are in favor of revamped aviation policies to boost regional growth. A chief executive from Manchester Airports Group has called on the government to develop a new policy following the approval of a third runway at Heathrow.
TravelDailyNews shares findings from a new study by Expedia and Luth Research revealing 43% of business trips are extended for leisure purposes.
Travel Weekly reports Expedia is expected to become the world’s first $100 billion travel agency. CEO Dara Khosrowshahi says the company has a goal to achieve this landmark within the next few years.
According to Tech Wire Asia, a high speed rail agreement between Malaysia and Singapore will be signed by the end of the year. A high speed rail trip between Singapore and Kuala Lumpur is expected to take around 90 minutes.
Business Traveller reports Marriott International is set to open 28 luxury hotels in 2017. The properties will be added across six of its current brands.
This week’s list comes from Condé Nast Traveler: