BCD and Amex GBT Lead the Corporate Travel Market 'By Far,' UK Regulator Reveals
Skift Take
Apart from the weakness of CWT, one of the most interesting things in the UK regulator's report is the rise of CTM and Navan. Even Spotnana and Kayak apparently had some substantial wins.
Travel management companies are notoriously secretive about contract wins, but the UK Competition and Markets Authority shared the broad outlines of which companies are competing for and winning the most corporate travel transaction volumes.
"The bidding data confirms that BCD and GBT are the two strongest competitors in the market, by far, and has also led us to provisionally conclude both are substantially stronger than CWT," the CMA stated.
The findings were part of an interim report released Tuesday on Amex GBT's pending $570 million acquisition of CWT. The regulator
