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A travel management company, or TMC, is a travel agency that handles travel planning and booking for other businesses. Instead of using internal resources to coordinate flights, hotels, rental ...
Acquiring business travel insurance is worth it if you frequently travel for work — especially if you spend a lot on business trips, travel abroad or to riskier countries and don’t already ...
Examples of companies in this category are Gett, AMEX GBT, Amadeus with those in business spend management such as Coupa, Expensify, and ExpenseOut. Like most of the companies related to tourism and travel economy, the GMT business sector has been hit hard by the ongoing COVID-19 pandemic and travel restrictions in many countries around the world.
Global travel consolidation is the convergence of the components of a managed travel program at a regional level, and is a process used by Corporate Travel Management companies. In practice, this means leveraging travel volumes and concentrating sourcing with one travel provider, as well as standardizing travel policies, processes and tools.
Following the COVID-19 outbreak, airlines including American, Delta, JetBlue and United are taking measures to help slow the spread of the coronavirus.
An employer in the United States may provide transportation benefits to their employees that are tax free up to a certain limit. Under the U.S. Internal Revenue Code section 132(a), the qualified transportation benefits are one of the eight types of statutory employee benefits (also known as fringe benefits) that are excluded from gross income in calculating federal income tax.
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The Electronic System for Travel Authorization (ESTA) is an automated system that determines the eligibility of visitors to travel to the United States under the Visa Waiver Program (VWP). ESTA was mandated by the Implementing Recommendations of the 9/11 Commission Act of 2007 . [ 1 ]
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