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Long Lake to acquire world’s largest corporate travel platform Amex GBT for $6.3 bn

Long Lake to acquire world’s largest corporate travel platform Amex GBT for .3 bn

American Express Global Business Travel (Amex GBT), operated by Global Business Travel Group, Inc., has entered into a definitive agreement to be acquired by Long Lake Management in an all-cash transaction valued at approximately USD 6.3 billion. The agreement marks a significant development in the corporate travel sector, combining technology-driven capabilities with large-scale travel services. … Read more

India’s business travel spends to return to pre-2019 levels this year: GBTA report – ET TravelWorld

India’s business travel spends to return to pre-2019 levels this year: GBTA report – ET TravelWorld

India’s business travel sector is on track to reach pre-2019 spending levels by 2025, according to the latest findings from the Global Business Travel Association (GBTA). The GBTA Business Travel Index (BTI) report, presented at a recent industry event, revealed that India’s business travel spending stood at an estimated USD 38.3 billion in 2024, making … Read more