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Are Amex GBT’s UK Layoffs the Start of Much Larger Cuts Across Corp Travel Agencies?

Privately owned American Express Global Business Travel is moving forward with plans to reduce its UK workforce, reflecting the shrinking volumes of corporate travel anticipated for next year and beyond. This follows CWT’s own global restructuring, which one industry observer said could see job cuts of up to 40 percent of its workforce. Flight Centre Travel Group, parent …

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Corporate Travel’s Downturn Will Deliver This Financial Blow Across All of Travel

Business travel is good business. The corporate guest, or rather his or her company card, is a welcome one at any hotel, while passengers at the front end of the plane are far more profitable than economy class flyers. The bad news is they’re not the first to return. While leisure travelers decided they needed …

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