Analyst Stephen Ju initiated coverage of Global Business Travel Group Inc. at Credit Suisse
Small and Medium Enterprises (SMEs) are increasingly using
Travel Management Companies (TMCs) to manage travel expenses.
Cost savings, better access to inventory/content, and fulfillment of safety
wellness requirements have all been realized by TMCs, the analyst says.
Having acquired Egencia and Ovation, Stephen Ju notes that
the company is now the market leader in the SME space.
Analysts cited the company's competition with other travel management companies,
slower SME migration than expected, and more.