This Deal Will Reshape The Future of Corporate Travel
SUMMARY
- When American Express Global Business Travel announced that it was going public through a SPAC merger with Apollo Global Management at $5.3 billion, the industry was split
- While some lauded the move as a way to capitalize on the rebound in travel & industry consolidation, others questioned the timing of the deal and the long-term outlook of the market
- With so many uncertainties surrounding the future of work, new waves of the pandemic, and general business outlook, enthusiasm about the deal is muted
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