What Makes Corporate Travel a Worthy Investment Now?

Several travel and hospitality companies are poised to make their stock market debuts later this year, with one in particular that may stump a lot of people as it operates in the corporate travel sector — a sector that’s been devastated by the pandemic. Yet American Express Global Business Travel, the world’s biggest corporate travel agency, could see its shares trading on the New York Stock Exchange in the first half of this year, if a planned merger with its special purpose acquisition company (or SPAC) partner Apollo Strategic Growth Capital goes ahead. Covid has wiped out revenue for most travel management companies since March 2020, and with Omicron spreading they aren’t out of the woods yet. Nor is the long-term future certain with the debate around video conferencing replacing large chunks of travel. But investors are rallying round, despite the agency’s estimate it may only see travel volumes return to 70 percent compared to before the pandemic. CEO Paul Abbott has said he wanted to undercut some of the most optimistic projections and creat