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Mega TMC M&A moves: reinvigoration or reshuffling?

Publication: Business Travel News
Publication Date: 23-JAN-06 		Format: Online
Delivery: Immediate Online Access

Article Excerpt
Until the beginning of 2006, the market for globally managed travel has been relatively concentrated with four major players--two owned and two joint ventures or partnerships (see story, page 1). While online travel agencies are giving the legacy travel management companies a run for their money in the U.S. market, outside the United States, where transaction processing is still viewed as more of an art than a science, bricks and mortar are still perceived as critical to local delivery. It may be five years before OTAs significantly impact competition outside the United States.

Large global companies have had essentially four choices. Each of the legacy four has a solid team of executives and managers. Each has its own operating and technology...

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