Skift Take
The travel-management giant is using AI to read and respond to trip requests via emails. The goal is to free up human agents for more critical tasks, like perhaps explaining to executives why they can't expense that "team-building" trip to Vegas.
Amex GBT (American Express Global Business Travel) has become a giant since spinning out from American Express a decade ago. Last year, it helped employees at about 20,000 companies book $6.3 billion in travel transactions. It's probably the largest travel management company by sales, though many competitors don't disclose their financials publicly, making comparisons tricky.
In March, Amex GBT announced plans to buy CWT, a travel management company formerly known as Carlson Wagonlit Travel, for $570 million. Britain's antitrust watchdog, the Competition and Markets Authority, is taking a closer look at the planned transaction, and its process has delayed the proposed merger date into next year.
Quarterly earnings reports provide snapshots. However, a longer-term perspective can be useful to see what's driving the company's competitive position.
So, Skift got an update from Evan Konwiser, chief marketing and strategy officer.
Software + Service Konwiser emphasized Amex GBT's evolution from a predominantly services company to