Contact: Tanya Andreadis ( [email protected] )

ACTE JOINS TRAVEL BUSINESS ROUNDTABLE

(Alexandria, VA, USA - November 26, 2001) The Association of Corporate Travel Executives (ACTE), an organization dedicated to the advancement of the global business travel industry has joined Travel Business Roundtable (TBR). TBR is an association focused on educating elected officials on the economic importance of the travel and tourism industry and actively assuring that policy makers recognize industry needs and interests.

As a result of the events of September 11, ACTE has become more engaged in communicating the interests and needs of its membership to the government. ACTE has sought a way in which to continue this important effort while equally representing all segments of its membership. After careful consideration, ACTE Officers determined that this could be accomplished through a relationship with TBR, an organization with proven governmental influence. TBR will add value to all ACTE members including, the corporate travel, travel management, airline, car, hotel and technology professionals. "Our affiliation with TBR will provide ACTE with an immediate and effective way to assure that the views of our membership are communicated to the government and, conversely ACTE will be more closely tuned in to legislation that impacts the business travel community", stated ACTE President, Ron Wagner.

Since its inception in 1995, TBR has increased governmental and public awareness of the economic size and strength of the travel industry as well as the industry's potential for future growth. TBR members, primarily consisting of CEOs of leading companies in the travel, tourism and hospitality industry, have met with prominent government officials, including more than 100 representatives of the House and Senate to discuss the specific impact travel has on the nation's economy. "In light of the terrorist attacks and the subsequent impact on the travel and tourism industry, companies are appreciating the need to have a strong unified voice in Washington, D.C.," notes Jonathan Tisch, Chairman of TBR and Chairman and CEO of Loews Hotels. "TBR's stature and strength before September 11th has proven to be extremely valuable, as we immediately began working with Congressional leaders and Administration officials on ways to help our vital industry and to get people moving again. To that end, new members such as ACTE help to further demonstrate the breadth of our industry and our importance to the nation's economy."

Also important is ACTE's shared value of industry cohesiveness with TBR. According to Wagner, in lieu of the current industry vulnerability, a unified, focused effort is more important than ever before. "ACTE is an organization that will continue to be responsive to industry demands. Just as ACTE members (after September 11) drove the quick assembly of business travel executives in Summits, Forums, and Web-based venues, ACTE members will unify with the people who are behind the policies affecting business travel," he said.

To add to ACTE's steadily expanding catalogue of information, members will now have access to valuable resources such as the TBR economic reporting mechanism, Index of Leading Economic Indicators, as well as other quantitative research and in-depth industry surveys.


Founded in 1988, the Association of Corporate Travel Executives is the only organization wholly dedicated to the science of business travel management with an international constituency. ACTE membership totals more than 2,400, including entities in Asia, Europe, Canada and the United States. The organization is headquartered in Alexandria, Va., and its web site is www.acte.org.

 

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