In 2023, the business travel industry witnessed notable mergers and acquisitions, signalling key trends:
Travel Management Companies (TMCs):
- Navan acquired Tripeur, enhancing its online travel management services in India.
- Clarity Business Travel acquired Agiito.
- Gray Dawes Group acquired Express Travel and MP Travel, enabling its entry into the United States.
- Tower Travel Management “joined” Frosch.
- InteleTravel acquired Hickory Global Partners.
Aviation:
- Alaska Airlines agreed to acquire Hawaiian Airlines.
Lodging/Event Venues:
- Blueground acquired Nestpick and Travelers Haven.
- Convene acquired Etc.venues.
Travel Technology:
- Emburse acquired Tripbam.
- Travelport acquired Deem, broadening its corporate travel management platform.
- ATPCO acquired 3Victors.
- Snowfall acquired AmigoGo.
- Wings Global Travel acquired Alchimea.
- CDS Groupe acquired Corporate Rates Club.
- Mondee acquired Orinter.
- OAG acquired Infare.
Payment and Expense:
- SEB Kort Bank AB acquired AirPlus.
- American Express acquired Nipendo.
Meetings Technology:
- Blackstone acquired Cvent.
- Swiss Post acquired a majority stake in SpotMe.
These acquisitions highlight TMCs’ global expansion, travel tech companies broadening their offerings, and significant moves in aviation, lodging, event venues, payments, and meetings technology.
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