Egencia Continues Growth Even as Corporate Spending Tightens
Photo Credit: A businessman on walking London's Millennium Bridge. Flickr / Andrew Stawarz
Skift Take
With Expedia reporting a clear tightening in corporate travel spending, one wonders how smaller corporate travel management companies are being affected.
Despite reporting weak business travel spending, Expedia Inc. executives told financial analysts that corporate travel arm Egencia saw corporate bookings increase regardless in the first quarter of 2016.
"Egencia transaction growth accelerated in Q1 compared to Q4, although we saw signs of corporate travel spend tightening in the form of lower average booking values per transaction," said Expedia CEO Dara Khosrowshahi. "Going forward through 2016, we expect overall room night growth to be moderate.
