Amex gbt tips

The big players in the world of managing corporate travel are gearing up to get bigger: Amex GBT’s $570 million bid for CWT and the sale of Direct Travel to an investor consortium are two of the latest examples of the race to bulk up through mergers. 

Corporations have largely maneuvered out of the workplace upheavals inflicted by the global pandemic. One issue continues to vex managers: How to handle business travel for newly remote employees.

Executives of Amex GBT had an investor call Monday shortly after it announced plans to acquire CWT for $570 million.

Amex GBT plans to acquire CWT for about $570 million, a deal that would combine two of the industry’s largest corporate travel companies. 

Airlines around the world are ripping up schedules and bringing in new flights to cope with a COVID-triggered trend in corporate travel for executives like Jerome Harris – the scrapping of one-day business trips in favour of longer stays.

Good morning from Skift. It’s Wednesday, November 9. Here’s what you need to know about the business of travel today.