American Express GBT adds investors to fuel further growth

PhocusWire | December 18, 2019

American Express Global Business Travel has secured undisclosed investment from Carlyle Global Partners. Carlyle joins the Certares-led investment group, which holds 50% of the business, with credit card and loyalty brand American Express holding the remaining half. GIC, an institutional investor, is also now part of the group, alongside the University of California Office of the Chief Investment Officer of the Regents and Kaiser Permanente.

Spotlight

The mechanisms behind Airline Yield Management for business travel, also known as Revenue Management or Dynamic Pricing, are not especially transparent to corporate buyers. There are a number of common beliefs about the pricing strategies and patterns behind airfare volatility: Prices rise initially, fall as departure approaches, change when seats are sold, fluctuate with correlated substitutes of days and locations, and so on.

Spotlight

The mechanisms behind Airline Yield Management for business travel, also known as Revenue Management or Dynamic Pricing, are not especially transparent to corporate buyers. There are a number of common beliefs about the pricing strategies and patterns behind airfare volatility: Prices rise initially, fall as departure approaches, change when seats are sold, fluctuate with correlated substitutes of days and locations, and so on.

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Wego to Acquire Cleartrip's Middle East Business from Flipkart

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Fareportal | December 02, 2021

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