Thus began the financial crisis and the worst recession in 80 years. Proud to be known as an innovative company and thought leader in the journey management space, this year’s GBTA conference validated Cornerstone’s launch of our two new solutions 4site™ and TravelOptix™ as timely and relevant. It was an exciting week and an honor to be part of The Business Travel Event of the Year®.
This year’s GBTA Convention in Orlando showed a record attendance of over 6000 participants. For Cornerstone, we were thrilled with the overwhelming positive response to our two new travel solutions 4site™ and TravelOptix™. Topping the event headlines and creating the biggest buzz was the shared economy and its effect on travel policies, virtual payment and the involvement of the major credit card companies. Another hot topic one everyone’s radar was mobile and its impact on the industry. Next week I’ll be diving into a few other metrics that may be better (or worse! ) ways of measuring our economic health. But what about the sectors that aren’t so prominent in the media?
You will receive an invitation to the planning process so we can get started. Locally owned small businesses — like hair salons, local restaurants, bookstores, convenience stores with gas stations, and hardware stores — have already lost so much business that they may never reopen. The coronavirus is going to impact our local economy for several years.
We want to reiterate our appreciation for the support we received and applaud GBTA 2015 for producing an outstanding conference. Emerging technology continues to revolutionize the business travel experience and Cornerstone is embracing that challenge. As pioneers in the industry, we continue to lead the pack with our latest products. With the combination of driving itineraries to mobile devices and integrated information services that provide travelers with actionable choices, we are helping travel companies, and travelers improve and optimize their trips. I know we have heard for years now – however mobile is still huge for our industry! With 19 vendors offering mobile solutions at this year’s convention, it seems like everyone is trying to figure out how to deliver their product offering via a mobile device.
NREL continually seeks to expand its impact by working with academia, as well as the public and private sectors. In FY 2017, NREL had 739 active partnership agreements with 513 partners. During the same fiscal year, NREL signed $80 million in new partnership agreements. Check back every Tuesday and Friday for Morgan Housel’s columns on finance and economics. Five years ago this week, I called Motley Fool editor Anand Chokkavelu on the phone.
Small-cap and REIT indices are posting double-digit negative numbers. These indices don’t receive the same media exposure, but we still need to consider them when we look at the overall marketplace. The gains in both the NASDAQ and the S&P 500 are highly concentrated in the technology sector.
According to the first-ever GBTA Global Business Traveler Sentiment Index™, mobile technologies – including Wi-Fi, travel apps, and digital wallets – are transforming business travelers’ experience around the globe. When it comes to avoiding fraud it appears that virtual payment cards are a well-supported solution. This is an emerging topic that is starting to get serious traction. Suppliers such as Enett, CSI GLOBALVCARD, and Conferma are working with major brands such as Mastercard, Visa, American Express. Cornerstone see virtual cards as an efficient method of driving secure and consolidated payments and travel data for the enterprise.