At Expedia Group, we empower thousands of partners around the world with our best-in-class technology and vast inventory. Becoming part of an organisation totally focused on business travel will accelerate Egencia’s growth and amplify what we do best-offer technology-driven solutions that address the ever-evolving needs of business travel and its many stakeholders’.Īriane Gorin, President, Expedia for Business, added: ‘We are pleased to see Egencia grow with this new opportunity, especially as business travel comes back. Mark Hollyhead, President of Egencia, said: ‘Today is a significant moment in realising the next important chapter for Egencia. And unrivalled experiences because we have the best people and technology in the industry’. Unrivalled choice because no one comes close to the breadth and depth of solutions we will offer. Unrivalled value because, together, we’ll have the best content and deliver the best savings. We will provide unrivalled value, choice and experiences to customers. Paul Abbott, GBT’s CEO, said: ‘Bringing GBT and Egencia together will create a winning formula that will define the future of travel. Teaming Egencia with GBT’s Supply Marketplace-one of the most comprehensive sources for content and experiences in business travel-provides customers with more value and choice and offers suppliers enhanced access to business travellers. Togther, GBT and Egencia will offer leading solutions across every segment of business travel. GBT will accelerate investment in the Egencia brand, its people and technology. Expedia has also entered into a long-term agreement to provide accommodation supply to GBT. As part of the transaction, Expedia Group has become a shareholder in GBT. London, UK Seattle, Washington-2 November 2021 American Express Global Business Travel (GBT), the world’s leading business partner for managed travel, has successfully completed the acquisition of Egencia, the leading digital travel management platform.
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