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American Express GBT sees Q1 revenue rise by 65%

05/16/2023|9:12:00 PM|

The biggest growth opportunity remains in the SME customer segment.

Amex GBT shifts focus to hotels and meetings

03/17/2023|9:32:25 AM|

Amex GBT made a net loss of $229 million in 2022.

Amex GBT narrows net loss to 91 million in Q1 and sees large client travel demand accelerating

05/19/2022|4:08:28 PM|

For the last three weeks of April, transactions reached 72% of 2019 levels.

Amex GBT losses underscore business travel’s incredibly sluggish recovery

03/08/2022|12:41:27 PM|

Amex GBT posted sales of $34.1 billion in 2019, while for the 12 months ended Dec. 31 it notched up about a quarter of that figure.

AmEx Global Business Travel to go public via $5.3 bln Apollo SPAC deal

12/04/2021|11:22:28 AM|

The merger with Apollo Strategic Growth Capital will deliver gross proceeds of up to $1.2 billion.

Expedia posts third-quarter revenue of $2.96 billion

11/05/2021|8:45:39 AM|

Gross bookings in Q3 was $18.7 billion, up by 117% year-on-year.

Corporate travel rebound signals first signs of recovery in decimated sector

07/07/2021|6:45:48 PM|

Marriott said U.S. corporate demand in May was 50 percent from 2019 levels.

Another big deal sunk by coronavirus: Amex GBT investment deal falls through

05/11/2020|5:18:46 PM|

Carlyle and GIC are believed to argue that coronavirus and the collapse of business travel globally have materially altered the deal’s conditions, and thereby allow them to walk away.

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