May 2016 News Archive

IATA's BSP enforces bi-monthly payment plan

Payment Solutions
Friday 27th May 2016

​The International Air Transport Association (IATA) announced last year that from June 2016, all travel agents must pay their ticketed invoices twice a month, instead of once.

Whilst airlines are grateful for this change, there has been a lot of resistance from the travel community, particularly so from Travel Management Companies (TMCs).

It's a common concern in the...

TMCs have high expectations in 2016

TMCs predict 2016 as a year of growth
Wednesday 25th May 2016

​Based on research from a survey in Buying Business Travel magazine, Travel Management Companies (TMCs) have high growth expectations for 2016.

Almost 50 per cent of those asked expect for their business to grow by more than ten per cent this year alone.

This is largely as a result of the fact that business travel is picking up and slowly moving out of the financial...

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