American Express Global Business Travel to Acquire Hogg Robinson Group

by Richard D’Ambrosio
American Express Global Business Travel to Acquire Hogg Robinson Group

Photo: Shutterstock.com


American Express Global Business Travel (GBT) is acquiring U.K.-based Hogg Robinson Group (HRG), merging two of the leading global corporate travel management companies.

Hogg Robinson said GBT would pay approximately $550 million to acquire all of HRG’s stock, pending antitrust and other regulatory approvals. The deal is expected to close in the second quarter of 2018.

Experts estimate that American Express is about twice the size of HRG in total travel sales, and that the combined entities would represent about $45 billion in annual travel bookings. The acquisition will distance American Express even further from its next largest travel management competitors, Carlson Wagonlit Travel and BCD Travel.

However, when considering total travel sales, the new company will still lag significantly behind Expedia and Priceline, which hold the first and second positions in combined business and leisure travel sales.

Doug Anderson, American Express GBT CEO, said: “The complementary geographical footprints of each company will improve the global scale and reach of our business, enabling us to achieve efficiencies across a best-in-class platform and accelerate growth. The technology roadmaps of each business provide a powerful platform from which to drive future innovation. We will deliver a superior client and traveler experience through fully integrated travel management solutions, including booking and expense management products.”

“I am particularly excited and heartened by American Express GBT’s reassurance that it will be utilizing the best talent and technology from within both organizations to create a truly world-class, leading-edge organization, which will bring benefits to our clients, colleagues and supplier partners alike,” said David Radcliffe, HRG CEO.

  0
  0
Tip of the Day
Daily Top List

Most Useful Twitter Accounts for Travel Agents

1. AskTSA

2. FlightRadar24

3. Department of State

4. CLIA Global

5. ASTA

Source: TMR

TMR THIS WEEK
http://services.travelsavers.com/AMGService.svc/REST/GetImage?ImageID=461e0cb1-8512-e811-9f33-782bcb66a2f2

Don't Miss the Boat on Potential Expedition Cruise Sales

Sponsored by Silversea Cruises

Expedition cruising is exploding, according to industry experts, with no signs of slowing down any time soon.

TMR Recommendations
Top Stories
What Happens to Your Business When Your Peers Are 'Masterminds'
What Happens to Your Business When Your Peers Are 'Masterminds'

While some travel agents seek out mentors to guide their business decisions, others join peer groups to learn from and help each other.

What Else to Consider When Launching Your Website
What Else to Consider When Launching Your Website

This final installment in our three-part series follows travel agent and former Hollywood production executive Kelly Greenleaf as she launched her agency’s website – from inspiration, deciding on content, to a full-blown unveiling.

Travel Agents Aim for a Shorter Sales Cycle
Travel Agents Aim for a Shorter Sales Cycle

Combining data with travel sales experience, agency groups are trying to improve agent sales behaviors to be more responsive to digital leads and improve close rates.

Immersive Italy Tour Designer Offers Trip Planning Services
Immersive Italy Tour Designer Offers Trip Planning Services

As more clients asked for it, this tour producer was compelled to add comprehensive trip planning services, just like a travel agent provides.

Liberty Travel Building Host Agent Network
Liberty Travel Building Host Agent Network

The new brand will be called Independent by Liberty Travel.

Seven Classic Travel Scams That Can Be Avoided
Seven Classic Travel Scams That Can Be Avoided

Forewarned is forearmed. Share these typical tourist scams, and practical tips to avoid them, with your clients.

News Briefs
TMR Report Cards
Advertiser's Voice
Advertiser's Voice: Regent Seven Seas Cruises