“2023 marked an extraordinary rebound for business travel.
2024 has confirmed this upward trend.
And 2025 is shaping up to be a year of confidence for our industry.

During this period, innovations that had long been in the making have finally come to life, opening up new perspectives for our sector: the adoption of the NDC standard in air travel, the liberalization of passenger rail transport, the eco-labeling and modernization of the hotel industry, the strengthening of non-financial reporting, the rapid rise of artificial intelligence solutions, and soon, electronic invoicing through dedicated platforms.

For CDS, the past three years have seen the rollout of our ambitious European growth strategy. Through a series of acquisitions and the arrival of new investors in our holding company, we are relentlessly pursuing international expansion to better serve our corporate and TMC clients — always with the best technology available.

That’s why, despite a volatile geopolitical context, I remain deeply confident about the future.
” Ziad MINKARA, CEO S4BT

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Consolidation: stop or stop again?