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By Business Travel News Europe /
19 May 2021 Share
The Covid pandemic has caused a crisis in the TMC sector. The decimation of business travel and the lack of any real signs of when things will return to some form of normality has meant that many TMCs have failed – companies like Horncastle Executive with long proud histories went to the wall.
Ever since the start of the pandemic it has seemed inevitable that there would be a wave of consolidation as owners and investors wanted to cash out of an industry that may take years to recover and, indeed, may never do so.
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Netherlands-based Heineken has
appointed TripActions to manage its global travel programme. The international brewing business
began working with the organisation on 1 May and it is believed to be the travel management company’s
largest European account win to date. Heineken spent €150 million on travel in 2019, which fell to €63 million in pandemic-hit 2020 after the company suspended all travel. Heineken has more than 80,000
employees and operates in more than 70 countries. It is the largest brewing company in Europe and second-largest globally, with its 300-plus beer and cider
brands also including Amstel, Sol, Tiger and Birra Moretti. The company dates back more than 150 years and bills itself as the world s most international brewer .