Hi All, thank you for the comments. We write these articles from time to time to inform the debate. We are very much for increased transparency and clarity - and that can come from both sides of the argument - short and long. We very much believe good investment decisions stem from doing thorough analysis to make informed decisions, and we're happy that we were able to provide some incremental understanding about the situation. We look forward to putting out more pieces of work over time.

On Corporate Travel: Why we are buyers -