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American Express Global Business Travel has found a way to grow business with small and medium-sized companies, after acquiring independent agency Ovation Travel Group for an undisclosed amount.
Ovation Travel is headquartered in the U.S. and has offices in the UK, including Chartwell Travel, which specializes in the media and entertainment sector. It also owns the Lawyers Travel brand.
The agency last reported $1.7 billion in annual sales, according to Amex GBT, and has 700 employees plus 200 independent travel advisors. However, in August last year, Paul Metselaar, Ovation Travel chairman and CEO, said 500 employees had been furloughed.
U.S. corporate travel startup TripActions on Thursday said it raised $155 million at a valuation of $5 billion, after a sharp downturn in business due to the coronavirus pandemic last year forced it to lay off a quarter of its staff.
19 January 2021
Photo Credit: Camilo Jimenez / Unsplash
BTN Europe published dozens of guest columns in 2020 from a
diverse range of contributors, each of them voicing an opinion, offering advice
or sharing their concerns as the Covid pandemic swept across the world. Featured below are the most-read contributions (Source:
Google Analytics page views) from last year. Thanks to all our guest columnists
for communicating their thoughts and, ultimately, helping the industry navigate the challenges of the pandemic and its ultimate recovery.
All
BTN Europeâs guest columns can be found here, while proposals
for new articles are welcome at any time â please email editor-in-chief Andy