For the first time in more than three years, we are anticipating travel to be flat to up slightly on a sequential basis with projected travelers on assignment growing each month into the second quarter.

Mar 4, 2026 / receipt, needs a key / Kevin Clark, CEO | earnings call 2026-03-04 | transcript 920b61b9-7cbd-47cf-bfd6-784a4f7189b8 | chars 4457-4659 | segment 4

So that's part of the growth story sequentially and improving market backdrop and travel.

Mar 4, 2026 / receipt, needs a key / Kevin Clark, CEO | earnings call 2026-03-04 | transcript 920b61b9-7cbd-47cf-bfd6-784a4f7189b8 | chars 22381-22470 | segment 22

Throughout the third quarter, travel demand was fairly steady and stable bill rates across all core specialties.

Nov 6, 2024 / receipt, needs a key / John Martin, CEO | earnings call 2024-11-06 | transcript fbc753cf-c6d7-43b7-abd0-4663c93be9cc | chars 3309-3421 | segment 3

I think the travel rates are about flat, maybe down plus or minus 1%. There's not a lot of movement going on in the bill rate side.

Nov 6, 2024 / receipt, needs a key / Bill, other | earnings call 2024-11-06 | transcript fbc753cf-c6d7-43b7-abd0-4663c93be9cc | chars 24151-24282 | segment 24

The most impactful of these investments remains our client-facing workforce solutions platform, Intellify. Whether clients are managing their labor through VMS, MSP, or multiple programs across their enterprises, We're navigating per diem shifts, coordinating internal flow pools, arranging locum tenens placements. Intellify is streamlining their processes, saving them time and resources.

Jul 31, 2024 / receipt, needs a key / John Martins, CEO | earnings call 2024-07-31 | transcript 15d3a0af-aaa6-4105-abeb-ad8186e5fc7c | chars 6408-6798 | segment 6

Specific to travel, we have started to see some positive signs in the market. After troughing at the end of the first quarter, travel demand has been steadily rising for the last couple of months, and today is up more than 20% relative to the start of the second quarter.

Jul 31, 2024 / receipt, needs a key / John Martins, CEO | earnings call 2024-07-31 | transcript 15d3a0af-aaa6-4105-abeb-ad8186e5fc7c | chars 2755-3026 | segment 2

Our largest business, Travel Nurse and Allied, was down 16% sequentially and 48% from the prior year, driven primarily by a decline in billable hours and, to a lesser extent, the normalization in bill rates. As John noted, our travel orders have risen over the last several months and is up another 8% just since the start of the third quarter.

Jul 31, 2024 / receipt, needs a key / Bill Burns, CFO | earnings call 2024-07-31 | transcript 15d3a0af-aaa6-4105-abeb-ad8186e5fc7c | chars 14592-14936 | segment 15

With the recent rise in orders and commensurate improvement in production, we may see the number of travelers start to grow late in the third quarter or early in the fourth.

Jul 31, 2024 / receipt, needs a key / Bill Burns, CFO | earnings call 2024-07-31 | transcript 15d3a0af-aaa6-4105-abeb-ad8186e5fc7c | chars 17769-17942 | segment 18

I mean, besides the fact that demand has been improving for the last - a couple of months now, and bill rates also are improving modestly, not off to the races, but travel is the business we have the best lens on. And when we look at our traveler on assignment count across the quarter, it's very, very stable month to month to month across the third quarter.

Jul 31, 2024 / receipt, needs a key / Bill, other | earnings call 2024-07-31 | transcript 15d3a0af-aaa6-4105-abeb-ad8186e5fc7c | chars 22324-22683 | segment 22

I guess what I'd say is, starting with the bill pay spreads, we've had some improvement in the bill pay spreads specific to travel, but it's been kind of muted, as John mentioned, by the, I'll call it the housing or the lodging subsidy portion of it, because those costs haven't gone down with inflation, et cetera.

Jul 31, 2024 / receipt, needs a key / Bill, other | earnings call 2024-07-31 | transcript 15d3a0af-aaa6-4105-abeb-ad8186e5fc7c | chars 30550-30865 | segment 31

I do think home care performed a little bit stronger, so that's a piece of it as well. But on the travel side, I think we exited right in line with where we thought we were going to be, so there really wasn't a big surprise to the numbers.

Jul 31, 2024 / receipt, needs a key / Bill, other | earnings call 2024-07-31 | transcript 15d3a0af-aaa6-4105-abeb-ad8186e5fc7c | chars 37297-37536 | segment 37

It is clear that health systems have reduced their reliance on continued leave. Yet there remain structural staffing shortages and high turnover within these settings. Accordingly, we believe that a stronger travel environment could emerge sometime in the back half of this year. Having said that, given the current market headwinds, we have taken actions to better align our core structure to the demand environment.

May 1, 2024 / receipt, needs a key / John Martins, CEO | earnings call 2024-05-01 | transcript dba32704-dd32-45e6-ac99-6f959abe81b3 | chars 5590-6007 | segment 5