The U.S. Department of Justice filed an antitrust lawsuit in the U.S. District Court for the Southern District of New York on Friday, alleging that American Express Global Business Travel’s $570 million deal to acquire CWT would harm competition for travel management services to U.S. global and multinational firms. DOJ described GBT as the largest…
As antitrust authorities in the United Kingdom weigh industry input on concessions designed to garner approval of the proposed Amex GBT acquisition of CWT, the review raises questions about who can sufficiently serve large corporates and whether that’s been changing. GBT and CWT argued that up-and-comers like Navan and TMCs using Spotnana, plus traditional rivals…
The pandemic era’s geopolitical tensions caused concern among economic globalization advocates. Despite rising nationalism and efforts to reduce reliance on global supply chains, new data shows the appetite for consolidated global travel management remains strong. Corporates say they’re not going back. “There is a clear trend toward consolidation,” according to the United Kingdom’s Competition and…
The Company Dime‘s Jay Campbell on June 28 interviewed Flight Centre Travel Group’s president of the Americas, Charlene Leiss, on a live show via LinkedIn Audio. They surfaced some potential conventional wisdom about a variety of topics. An edited transcript follows. So, Charlene, there’s a lot going on in the industry, but as often happens,…
Cross-border corporate trips made a big comeback this year. According to American Express Global Business Travel, international bookings during the three months ending in September reached 67 percent of their 2019 level — surpassing the domestic recovery. That occurred even with some key markets remaining closed. What about the long term? Rana Forhoohar, a columnist…
After seven years with Egencia, $2.3 billion U.K.-based multinational events and research company Informa is targeting February to implement TripActions for workers in 28 countries. After the well-capitalized new entrant caught the eye of Informa’s travel manager of nearly 10 years, Melissa Willock, it bested four competitors in a roughly four-month bake-off involving six divisions…
We’re not all Jamie Dimon. That guy sidestepped strict quarantine rules on his trip to Hong Kong this fall because of who he is. The rest of us must jump through all kinds of hoops to cross borders. Certain obstacles that came about because of Covid will fade as the pandemic ebbs, while others outlive…
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