American Express Global Business Travel (Amex GBT) agreed to acquire global business travel and meetings solutions provider CWT for $570 million. The planned acquisition would offer CWT’s 4,000 customers access to the Amex GBT ecosystem and create about $850 million in revenue, the companies said in a Monday (March 25)...
Business travel, once a stalwart of corporate existence, has been taxiing on the post-COVID runway. But the strong financial results posted by American Express Global Business Travel (Amex GBT) on Tuesday (March 5) for the fourth quarter and full year ending Dec. 31 point to hopes...
American Express’ corporate travel unit, Global Business Travel (GBT), is integrating Lyft as the latest ride-sharing service supported by the business travel booking and expense management solution. Reports in Travel Agent Central on Friday (April 20) said Amex GBT reached an agreement with Lyft to...
American Express Global Business Travel (Amex GBT) has taken an M&A approach to expanding in the corporate travel space. An announcement on Tuesday (Aug. 30) said Amex GBT will acquire fellow corporate travel technology firm KDS. The takeover is slated to close in the fourth quarter of...
June 04, 2024
Large corporations are reportedly catching up with small and medium-sized businesses (SMBs) in returning to business travel. While SMBs led the post-pandemic rebound in business travel, corporations are increasingly booking travel as well, Reuters reported Tuesday (June 4). Hotel CEOs attending the NYU International Hospitality Industry Investment Conference also said that corporations are prioritizing domestic […]
March 25, 2024
American Express Global Business Travel (Amex GBT) agreed to acquire global business travel and meetings solutions provider CWT for $570 million. The planned acquisition would offer CWT’s 4,000 customers access to the Amex GBT ecosystem...
