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Agency consolidation freeze appears to have thawed.

Publication: Business Travel News
Publication Date: 11-AUG-03 		Format: Online - approximately 1019 words
Delivery: Immediate Online Access

Article Excerpt
As American Express and Rosenbluth International this year attempt to bring together travel buying volume approaching the $20 billion mark, plenty of owners of both large and local travel management companies are looking to get out of an ever more challenging business. At the same time, a far smaller number of well-financed groups are moving to take advantage of the upheaval.

WorldTravel BTI and Carlson Wagonlit Travel committed to being buyers at a time when some speculated those two somehow would combine 'with Navigant International and TQ3 Travel Solutions. "If anything, we are a buyer not a seller," said Herve Gourio, worldwide president and CEO of Carlson Wagonit Travel. "When you see this kind of merger of Amex and Rosenbluth after a standstill, it could be a wakeup call for industry consolidation in the United States and around the world. This kind of move triggers more moves. We believe there might be...

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