At a time when there’s such a great need for a diverse, global voice for our industry as it seeks to recover from catastrophe, it is with broken hearts that we must announce that we have filed for Chapter 7 bankruptcy and ACTE has ceased operations. The dual impacts of the cancellation of the Asia conference due to the security situation in Hong Kong and the COVID-19 pandemic cancellations have been blows that ACTE, as a small, non-profit association has not been able to withstand.
The employees and board members of ACTE have worked tirelessly to reduce costs and find a home for the ACTE community within a larger organization. Our discussions have been broad and deep with strong indication that we would be successful, but recent COVID-19 spikes have made investors and partners justifiably pessimistic around the viability of event-based organizations for some time to come. At this stage, the fiscally, and morally, responsible next step for us to do, is to cease operations and defer to a trustee to determine the distribution of payments to creditors.
For our members and sponsors, we want to say how deeply disappointed we are that we have not been able to continue our operations. When we opened ACTEConnect for the whole industry, we were inspired to see the resiliency of our community and the determination to rebuild. We regret we have not been able to find a lifeline to allow ACTE to continue to play a role in your recovery. It has been a joy to be part of this movement and we hope that the relationships you have made through ACTE continue and be fruitful for years and years to come.
The Board of the Association of Corporate Travel Executives
July 7, 2020
Click here for Notice of Commencement Court Case 20-11803, State of Delaware, Trustee, Don Beskoe. For media questions, please contact Scott Wayne. email@example.com / + 1 804 402 3946
ACTE exists to serve the corporate travel industry by providing education, cutting-edge research and insights on breaking news in the industry. A continuous refreshing of our offerings including local events, global summits, digital offerings, research, and private events keeps both travel managers and suppliers coming back for more.
ACTE is committed to support corporate travel buyers to be successful leaders of their travel programme. We have built our 2020 education programme around the industry topics most relevant to our community, shaping the education provided throughout the Summit.
In the past year, ACTE has developed new sessions to make your learning even stronger and developed presentations that are shorter, more diversified and dive deeper than in the past. We’ve expanded ACTE Research, to provide better insights on today’s travellers and better metrics on measuring the success of your travel programme.
Our in person and web events are your opportunity to lasting business relationships. We have an ambitious agenda for 2020 that includes dedicated research resources allowing us to improve our already-strong offerings through new methods of collecting data and new ways to share our insights and creating meaningful content for our event attendees.
ACTE’s reach is global; however, our content is catered towards companies of all sizes, in all regions across the world. Therefore, our membership remains strong year after year and attracts members from all travel budgets and segments. Our volunteer leadership attracts some of the most influential — and successful — names in the industry. It’s why the ACTE brand is trusted to deliver content across the globe in Asia, Australasia, EMEA, Latin America, and North America.