Acquisition SynergiesGBTG has potential for synergies from its recently closed acquisition of CWT.
Market ExpansionGBTG is the leading B2B travel platform globally in the $1.4T travel market, where it has ~18% share in the total managed corporate travel part of the market.
Strategic PartnershipsGBTG recently announced an alliance with SAP Concur to launch an end-to-end travel and expense platform, raising estimates modestly on organic growth.