The Most Important Story in Corporate Travel in 2021
Photo Credit: Las Vegas McCarran International Airport. Flickr / Daryl DeHart
Skift Take
Mergers and acquisitions were undoubtedly the headline in 2021, as corporate travel agencies regrouped after a grueling year battling the pandemic.
There’s always been murmurings of consolidation in the corporate travel sector, for a variety of reasons. Pre-pandemic it was mostly about founders of smaller, perhaps older, travel agencies deciding to call it a day, cash in and sell up to a rival. But consolidation escalated in 2021.
The bigger moves included American Express Global Business Travel buying Egencia, TripActions acquiring Reed & Mackay, and TravelPerk entering the UK with its acquisition of Click Travel. Even banks are buying travel-booking platforms. There’s more of a rundown here.
This all matters because the entire landscape is about to change. Not in 2022, maybe not in 2023
