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05 May 2021 American Express Global Business Travel (Amex GBT) has made a binding offer to acquire Expedia Group’s corporate travel arm, Egencia. As part of the transaction, Expedia Group would become a shareholder in and enter a long-term, strategic commercial agreement with Amex GBT, which would see the Egencia brand continue to be active in the market. Paul Abbott, CEO of Amex GBT, said: “Our strategy is to provide customers with unparalleled choice by having the best solutions for each managed travel segment that we serve. In Egencia, we would welcome the industry’s leading digital business travel platform. “Egencia would be strengthened by GBT’s complementary technology, enterprise capabilities and cutting-edge content. ....
Travel CEOs And Leaders Outline 2021 'Road To Recovery' At Global Tourism Summit forbes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from forbes.com Daily Mail and Mail on Sunday newspapers.