Meetings No 27
Intro
Boost Your Brain with Face-to-Face Meetings
Atti Soenarso on new research regarding the human meeting.
Cover Story
Time to Show How Business Events Can Help Develop Societies Going Forward
PCMA’s CEO Sherrif Karamat wants to position the industry’s questions on future growth.
Psychological Meetings
On What Do We Build Our Knowledge and on What Do We Base Our Beliefs?
Hans Gordon on how enlightened and rational we really are.
Radar
Expedia Sells Egencia to American Express Global ­Business Travel
A deal that was perhaps unlikely just one year ago.
Challenges
We Have an Extraordinary Journey Ahead of Us in This Industry
Denzil Rankine, AMR International on the here and now and the there and then.
Intermission
To Boldly Go …
Don’t be afraid to boldly go where others haven’t. You may find yourself ending up right at home.
Opportunities
Becoming SMART: A Destinations’ Journey
This is a people-to-people business. Period.
Radar
The Impacts of the Pandemic on European Convention Bureaus
Survey of 134 convention bureaus in 33 European countries.
Kellerman
Endurance: The Primary Survival Tool
Roger Kellerman on persevering and rising as strong as ever before.
classifieds
news
111 Boing 777 and A380s
Emirates announces aircraft upgrades
and more A380 resumptions.
119 membercountries
Dubai wins bid
to host ICOM General conference 2025.
developing the government
Dubai Economy, Dubai Tourism merge
to become ‘Dubai’s Department of Economy and Tourism.
38 cities applied
Vilnius ranked 3rd
at the annual European Capital of Innovation Awards.
IBTM World
Event technology
trends to increase engagement and ROI.
big business
Booking Holdings Enters Into An Agreement
With CVC Capital Partners To Acquire Etraveli Group.
Focus on Impact
Union of International Associations
releases Survey on International Meetings Issues - 2021 Report.
9,000-plus members
GBTA Convention 2021
Sets The Pace For Business Travel’s Return.
17–20 July
Kigali, Rwanda to host Women Deliver 2023
WD2023 will be the world’s largest conference on gender equality in the 21st century.
Event
Canary Islands Hosts 6th Edition of the Repeople Conference, Europe’s Largest Remote Work Conference
The only event in Europe addressing remote work from a wide perspective.
Links
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Expedia Sells Egencia to American Express Global ­Business Travel

A deal that was perhaps unlikely just one year ago: American Express Global Business Travel is to buy Expedia Group’s corporate travel division Egencia. Terms of the agreement have not been disclosed.

Expedia Group will become a shareholder in Amex GBT, and part of the agreement will see the pair enter a long-term strategic partnership. The proposed deal is subject to consultation by Expedia Group and Egencia with employee representatives, as well as customary closing conditions, including regulatory approvals.

Amex GBT says it will “continue to invest in the Egencia brand, its people and technology, as part of the world’s leading business travel platform”.

Amex GBT CEO Paul Abbott says: “Our strategy is to provide customers with unparalleled choice by having the best solutions for each managed travel segment that we serve. In Egencia, we would welcome the industry’s leading digital business travel platform.”

Egencia would be strengthened by GBT’s complementary technology, enterprise capabilities and cutting-edge content. This would create new opportunities for both multinational and small and medium-sized enterprise (SME) clients, suppliers and the talented teams within both organisations.

The deal comes amid ongoing interest in financial backing the new breed of corporate travel management startups, such as Trip Actions and Travel Perk. The pair recently announced $155 million and $166 million investment rounds, respectively.

Egencia was considered the smaller of the major travel management companies alongside Amex GBT, BCD Travel and CWT. It was created as a unit within Expedia in 2004, before renaming to Egencia in 2008 following the acquisition of a venture capital-backed business travel startup in France of the same name. Acquisitions of its own came in 2011 and 2012 with deals to buy Traveldoo and VIA Travel.

“We are thrilled by the potential transaction and what GBT and Egencia could achieve together, as Expedia Group seeks to simplify our business and be a leader in all of our endeavours. The combination of GBT’s leading solutions with Egencia’s great technology and team would help create the world’s best business travel offerings for customers and suppliers,” says Ariane Gorin, president of Expedia Business Services.

“At the same time, a greatly expanded, long-term accommodations supply agreement with Expedia Partner Solutions (EPS) would enhance GBT’s Supply Market Place and meaningfully further Expedia Group’s goal of powering businesses across the entire eco-system.”

Photo: iStock.com/RichVintage