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Home » Articles » Private: Expedia Recorded $326 Million in Losses on Its Stake in Amex Global Business Travel Group

AIRLINES & ALLIANCES
Expedia Recorded $326 Million in Losses on Its Stake in Amex Global Business Travel Group

by GLO
written by GLO 0 comments

The sale of corporate travel agency Egencia by Expedia Group to American Express Global Business Travel (GBT) was structured to provide various benefits for Expedia, including securing a long-term supply agreement for lodging inventory with Amex GBT. However, despite these benefits, Expedia has experienced losses on the fair value of…

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