Skift Take

Two of the largest corporate travel agencies want to join forces to create a single giant.

Justin Dawes

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

Two of the largest travel agencies in the world, the combined company would have revenue of between $3.28 billion to $3.35 billion, according to Paul Abbott, CEO of Amex GBT.

Abbott and other executives used the call to outline key considerations.

Expanding Business

Abbott has mentioned previously that acquisitions are part of Amex GBT’s strategy to grow in an industry where many companies still book business travel manually. 

“Global business travel spend represents a large under-penetrated opportunity of $1.4 trillion in 2024,” Abbott said during the call. “So we see significant opportunity to continue to drive