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Articles tagged “certares”

Business Travel

Are Amex GBT’s UK Layoffs the Start of Much Larger Cuts Across Corp Travel Agencies?

These eventual cuts will be as good an indicator as any of the pandemic's impact on corporate travel volumes for 2021. Other agencies, in other regions with less strict employment legislation, may not be that far behind.

Matthew Parsons, Skift | 4 years ago

Are Amex GBT’s UK Layoffs the Start of Much Larger Cuts Across Corp Travel Agencies?

Business Travel

What Will Global Travel Manager CWT Do With $250 Million in New Capital? Get Smaller, For One

From the outside, it seems the travel management company has gone into survival mode. Post-Covid, it will look a lot leaner, and more attractive to potential buyers.

Matthew Parsons, Skift | 4 years ago

What Will Global Travel Manager CWT Do With $250 Million in New Capital? Get Smaller, For One

Online Travel

This Newly Public $500 Million Company Is Set Up to Go Shopping for Travel Acquisitions

Greg O'Hara and Noam Gottesman will be shopping for a winner, but unlike early stage investors, they can hunt for a travel company with an extensive track record. In the midst of a global pandemic, this is not a done deal, but you can bet a deal will get done.

Dennis Schaal, Skift | 4 years ago

This Newly Public $500 Million Company Is Set Up to Go Shopping for Travel Acquisitions

Business Travel

Another Big Deal Sunk by Coronavirus: Amex GBT Investment Deal Falls Through

Relations are getting testy between American Express GBT and deep-pocketed investors that are backing out of a big deal. Regardless of the outcome of a lawsuit being argued in a Delaware court, Amex GBT should have plenty of money at its disposal to go shopping for strategic investments in business travel later this year.

Dennis Schaal, Skift | 4 years ago

Another Big Deal Sunk by Coronavirus: Amex GBT Investment Deal Falls Through

Coronavirus

Tripadvisor’s Controlling Shareholder Gets $325 Million Investment From Certares

This deal between Liberty Tripadvisor and Certares Management ensures that Tripadvisor won't be shedding its controlling shareholder anytime soon. With Liberty Tripadvisor paying off debt, it will now be charged with ensuring that its namesake Tripadvisor has a viable future, as well, once the coronavirus crisis passes.

Dennis Schaal, Skift | 4 years ago

Tripadvisor’s Controlling Shareholder Gets $325 Million Investment From Certares

Business Travel

American Express GBT Just Got a Bunch of New Investors — So What Now?

American Express GBT continues to dominate the travel management space, and this new money will only accelerate its growth.

Isaac Carey, Skift | 4 years ago

American Express GBT Just Got a Bunch of New Investors — So What Now?

Business Travel

Will Anything Change at American Express GBT With New Investor Money?

The travel management company is now valued at $5 billion, but so far its strategy seems pretty much the same: make acquisitions, especially in tech.

Isaac Carey, Skift | 4 years ago

Will Anything Change at American Express GBT With New Investor Money?

Business Travel

American Express Selling Off Half of Business Travel To Investment Firm

The company still hasn't recovered from the slump in business travel post-recession, and with the macro picture on the sector changing fast with rise of digital, divesting, at least part of it, is the right move.

Rafat Ali, Skift | 11 years ago