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BCD and Amex GBT Dominate, CWT Struggles in Travel

2/20/2025

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Summary

Story summary

The UK Competition and Markets Authority's report uncovers the dominance of BCD and Amex GBT in the corporate travel sector, leaving CWT struggling with dwindling transaction volumes. Meanwhile, CTM and Navan are on the rise, capturing more market share in 2024. A decision on Amex GBT's acquisition of CWT, deemed non-threatening to competition, is expected by March 9.

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Story summary

The UK Competition and Markets Authority's report uncovers the dominance of BCD and Amex GBT in the corporate travel sector, leaving CWT struggling with dwindling transaction volumes. Meanwhile, CTM and Navan are on the rise, capturing more market share in 2024. A decision on Amex GBT's acquisition of CWT, deemed non-threatening to competition, is expected by March 9.