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U.S. Bank Exec Skaggs Takes Additional Role at TravelBank

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Dan Skaggs
Dan Skaggs

U.S. Bank head of middle market commercial card product Dan Skaggs is adding the title of head of product for TravelBank to his plate, with plans to expand rewards offerings along with integration and reporting capabilities for the expense and travel management platform.

Skaggs, alongside TravelBank co-founder and CEO Duke Chung, played a key role in the development of U.S. Bank and TravelBank’s Commercial Rewards product, launched last year, targeting companies with $10 million to $150 million in annual revenue. Response to the solution has been “tremendous” and “double what we thought we could do in this market,” he said.

“We felt really confident there was a need and white space where growing midsized companies didn’t have a solution in market, and that has been confirmed over and over again,” Skaggs said. “We’re well on a trajectory to really maintain that pace for some time.”

In the next few months, the product will expand its rewards capabilities beyond rebates to offer a points program for companies that they can redeem for gift cards, and later in a second phase, redeem for booking travel, he said. The points program also will have multipliers for spending on travel.

Skaggs said points programs are particularly popular among midmarket companies because they do not come with the spending minimums that typically come with rebates programs.

“There’s various research that we’ve done, and card networks have done, and when you talk to companies, about half of those companies want rebates, and the other half want points,” he said. “What we’ll empower our clients with is that they’ll be able to earn from dollar one of spend.”

A group of clients is already piloting the points program prior to its rollout, he said.

Besides the rewards product, TravelBank over the next six to 12 months will be working to improve virtual card capabilities and building out the depth of integrations with platforms such as accounting, HR and ERP. “We’re building out the data elements, the customization as well as the breadth, the types of providers we have,” Skaggs said.

TravelBank in that timeframe also plans to launch enhanced reporting and insights tools, which will “deliver on increased visibility and control,” he said. “We want to set up finance leaders for success, to where they can clearly see the value of their program and where they’re going, and they can optimize their spend overall.”

U.S. Bank’s parent company U.S. Bancorp acquired TravelBank in late 2021.



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Global air passenger traffic continues to rise, outpacing capacity

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But North America sees lagging demand growth in latest Iata figures



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CTO Chairman calls for preparedness and solidarity during hurricane season

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CTO Chairman Kenneth Bryan calls for vigilance and solidarity among Caribbean nations during the hurricane season, emphasizing preparation, swift recovery, and international support for resilience against climate change impacts.

GEORGE TOWN, CAYMAN ISLANDS – Chairman of the Caribbean Tourism Organization (CTO), Kenneth Bryan, has issued a strong call to all Caribbean people to continue exercising vigilance during this hurricane season by preparing for storms, while also being ready to respond and recover swiftly.

“Even as we protect life and property here in the western Caribbean, we stand in solidarity with the people of St. Vincent and the islands of the Grenadines who have been severely impacted by Hurricane Beryl,” said Bryan, Minister of Tourism and Ports of the Cayman Islands. “Their pain is our pain, and their struggles are felt across our entire region,” said the CTO Chairman, who noted that “when one member of our Caribbean family is affected, we all feel the impact. But together, we must unite and support each other through these challenging times”.

The CTO is committed to working closely with relief organizations to ensure a coordinated and effective response to hurricane impacts.

“We recognize the critical importance of preparedness. As hurricanes become more frequent and intense due to climate change, we urge all residents and businesses to take necessary precautions. Secure your homes, stock up on essential supplies, and have a clear plan in place. At the same time, we must be ready to support our neighbors and contribute to swift recovery efforts,” Chairman Bryan emphasized.

“Climate change poses a significant threat to our region, and we must be proactive in our response. This hurricane season, let us demonstrate the strength of our Caribbean spirit by preparing diligently and standing in solidarity. Our collective efforts will make a difference and ensure that we emerge stronger and more resilient,” Chairman Bryan added.

Chairman Bryan also called on the international community to assist the region with rebuilding infrastructure, restoring essential services, and helping communities get back on their feet. “We contribute the least to and suffer the most from the changing climate, so we need the global community to help provide resources for improved building standards, better communication systems, and more resilient infrastructure to mitigate future hurricane impacts.”


Vicky Karantzavelou

Vicky is the co-founder of TravelDailyNews Media Network where she is the Editor-in Chief. She is also responsible for the daily operation and the financial policy. She holds a Bachelor’s degree in Tourism Business Administration from the Technical University of Athens and a Master in Business Administration (MBA) from the University of Wales.

She has many years of both academic and industrial experience within the travel industry. She has written/edited numerous articles in various tourism magazines.





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American Increases Investment in ZeroAvia

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American Airlines has agreed to purchase 100 hydrogen-electric engines from ZeroAvia intended to power regional jet aircraft, the carrier announced Tuesday. 

American also has increased its investment in the “clean aviation” company, in which it first invested in 2022. Details of ZeroAvia’s Series C financing round were not disclosed.

ZeroAvia is developing hydrogen-electric engines for commercial aircraft, with the potential for “close to zero inflight emissions.” The company is flight testing a prototype for a 20-seat plane, and has designed an engine for larger aircraft, such as the Bombardier CRJ700, which American operates on certain regional routes, according to American.



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