Governments on both sides of the Atlantic don’t want American Express Global Business Travel to buy CWT. If they succeed in blocking the proposed $570 million acquisition, where does that leave CWT? Things may not be as dire as they once seemed. According to the U.S. Department of Justice, CWT projected positive adjusted earnings for…
American Express Global Business Travel suggested a political motivation for the timing of the U.S. Department of Justice’s effort to stop its acquisition of CWT through a lawsuit filed 10 days before Inauguration Day. “The complaint did not need to be filed at this time, as the parties informed the DOJ that it was intended…
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…
Spotnana offers solutions directly to corporations, including operating “as your travel management company,” according to its website. However, multiple sources said the company had discontinued responding to buyers in that capacity. Instead, Spotnana is pushing TMC partnerships. While Spotnana CEO Steve Singh did not corroborate all of that in a Dec. 5 interview, he rhapsodized…
Solutions Travel, the Spotnana-powered travel management company backed by Options Travel and founded by industry veteran Mark Walton, is anticipating profitability next year, just two-odd years after its launch. The company recently hired seasoned pros for its leadership team and expanded its multinational network, including one partner that invested. In an interview/demo this week, a…
Consulting firm ZS is working with ARC subsidiary Traverse Technologies on a blockchain-based traveler profile system that, as ZS travel lead Sarah Hayden described it, would “put the data ownership back in the hands of the traveler.” ZS uses Traverse to support its direct booking programs with American and United. It’s in the midst of moving…
Transnational corporations want scale in their travel management providers, and it takes a lot to build that. Tech developers seek the same in their channel partners. After Spotnana’s ambitious owners bought Direct Travel, shoring up the global component makes perfect sense. There’s even a ready-made target in ATPI, formerly known as Advanced Travel Partners. While…
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