American Express Global Business Travel (GBT) is a multinational travel and meetings program management company headquartered in New York City. GBT has 13,500 employees in more than 140 countries. Paul Abbott has been the CEO of GBT since October 2019.

About

GBT is headquartered in New York City, with additional offices in 133 countries.

Ownership history

In 2014 American Express divested their Global Business Travel division for an investment of $900 million to an investor group creating American Express Global Business Travel. The investment group was led by Certares LP and included

Qatar Holdings The Qatar Investment Authority (QIA; ar, جهاز قطر للإستثمار) is Qatar's sovereign wealth fund. The QIA was founded by the State of Qatar in 2005 to strengthen the country's economy by diversifying into new asset classes. In 2021 ...

, Macquarie Capital and funds managed by

BlackRock BlackRock, Inc. is an American multi-national investment company based in New York City. Founded in 1988, initially as a risk management and fixed income institutional asset manager, BlackRock is the world's largest asset manager, with trill ...

and Teacher Retirement System of Texas. American Express maintained 50-percent ownership of the newly created American Express Global Business Travel (GBT). In December 2021, American Express GBT announced plans to become a publicly traded company through a business combination with Apollo Strategic Growth Capital, a Special Purpose Acquisition Company (SPAC) backed by Apollo Global Management. Following the completion of the business combination with Apollo Strategic Growth Capital on May 27, 2022, the company began trading on the

New York Stock Exchange The New York Stock Exchange (NYSE, nicknamed "The Big Board") is an American stock exchange in the Financial District of Lower Manhattan in New York City. It is by far the world's largest stock exchange by market capitalization of its listed ...

on May 31, 2022, with the symbol GBTG.

Acquisitions

* August 2016: KDS * May 2016: SMT Travel Agency * June 2017: Banks Sadler * February 2018:

Hogg Robinson Group Hogg Robinson Group was a corporate travel management company. It was acquired by American Express Global Business Travel in July 2018. History Hogg Robinson Group was established in 1845, by brothers in law Francis Hogg, a young wine merchant, ...

* August 2019: Kanoo Travel * June 2019: DER Business Travel * October 2020: 30SecondstoFly * January 2021: Ovation * May 2021: Egencia

References

{{reflist American Express Travel and holiday companies of the United States Travel agencies Travel management Companies based in Jersey City, New Jersey