Expedia will sell Egencia corporate travel unit to American Express Global Business Travel
May 4, 2021 at 10:56 am
The news: Seattle travel giant Expedia announced Tuesday that it has agreed to sell its corporate business arm Egencia to American Express Global Business Travel. Both companies offer tools for business travel management. Financial terms of the deal were not disclosed.
Travel trends: It’s unclear how business travel will bounce back from the pandemic, with many executives citing cost savings from video meetings and a push to reduce carbon emissions.
Expedia’s B2B unit, which includes Egencia, saw revenue sink 64% to $942 million in 2020 as the pandemic roiled the travel industry. B2B made up 18% of Expedia’s total revenue last year.
8 hours ago
American Express Global Business Travel has appointed Nora Lovell Marchant to the role of vice president of global sustainability.
The role was created to drive and coordinate enterprise-wide green initiatives and enable the company to achieve targets set out in its sustainability strategy.
These include establishing American Express Global Business Travel as the leading marketplace for green business travel, attaining carbon neutrality by 2025 and working with clients and partners to drive aviation towards net zero carbon by 2050.
ADVERTISEMENT
Si-Yeon Kim, American Express Global Business Travel chief risk and compliance officer, said: “Nora has been central to embedding the foundation of sustainability at American Express Global Business Travel and helping drive the wider environmental, social and governance agenda across the organisation.
CONTENT: Press Release
HOUSTON, April 15, 2021 /3BL Media/ - DiversityFirstTM will be hosting the 17th Annual National Diversity and Leadership Conference on April 21-22 and April 28-29, 2021. The conference will be held virtually with this year’s theme being “Be a Changemaker”. The four-day conference will honor a number of diverse talent from different industries.
In celebration of diversity and inclusion in the workplace, we want to honor women in the C-Suite (CEO, CFO, COO, Senior Executives, etc) from top companies who endeavor to improve not just their departments and companies, but their communities as well. Now we celebrate their hard work and progressive initiatives that serve to make the gender gap in the C-Suite just that much smaller.
Calling travel a reward in the current climate remains a tough sell But getting on a flight for business isn t dead, it s just changed indiatimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from indiatimes.com Daily Mail and Mail on Sunday newspapers.
It s pretty tough, one year deep into the global pandemic, to put a sunny face on the future of business travel. But for the people at American Express, the future of corporate travel looks… sort of fun?
There ll be fewer transatlantic slogs for routine meetings, but more team-building exercises in sunny climes. Plus, just maybe, there ll be more company-sponsored stints of telecommuting from the beach.
That s the scenario presented by Evan Konwiser, the executive vice president of product and strategy for American Express Global Business Travel. Granted, he s offering a measured upside case for one of the areas hardest hit by Covid-19 lockdowns.