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Global Business Travel Group Inc (GBTG)

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Upturn Advisory Summary
12/26/2025: GBTG (2-star) is currently NOT-A-BUY. Pass it for now.
1 Year Target Price $10.86
1 Year Target Price $10.86
| 6 | Strong Buy |
| 0 | Buy |
| 1 | Hold |
| 0 | Sell |
| 0 | Strong Sell |
Analysis of Past Performance
Type Stock | Historic Profit 14.28% | Avg. Invested days 51 | Today’s Advisory PASS |
Upturn Star Rating ![]() | Upturn Advisory Performance | Stock Returns Performance |
Key Highlights
Company Size Mid-Cap Stock | Market Capitalization 4.12B USD | Price to earnings Ratio 779 | 1Y Target Price 10.86 |
Price to earnings Ratio 779 | 1Y Target Price 10.86 | ||
Volume (30-day avg) 7 | Beta 0.73 | 52 Weeks Range 5.78 - 9.44 | Updated Date 12/28/2025 |
52 Weeks Range 5.78 - 9.44 | Updated Date 12/28/2025 | ||
Dividends yield (FY) - | Basic EPS (TTM) 0.01 |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Revenue by Geography
Geography revenue - Year on Year
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin 0.4% | Operating Margin (TTM) 7.86% |
Management Effectiveness
Return on Assets (TTM) 3.52% | Return on Equity (TTM) 1.06% |
Valuation
Trailing PE 779 | Forward PE 12.22 | Enterprise Value 5126268576 | Price to Sales(TTM) 1.64 |
Enterprise Value 5126268576 | Price to Sales(TTM) 1.64 | ||
Enterprise Value to Revenue 2.04 | Enterprise Value to EBITDA 14.69 | Shares Outstanding 523526133 | Shares Floating 198777637 |
Shares Outstanding 523526133 | Shares Floating 198777637 | ||
Percent Insiders 56.63 | Percent Institutions 41.34 |
Upturn AI SWOT
Global Business Travel Group Inc

Company Overview
History and Background
Global Business Travel Group Inc. (GBTG) was formed through the combination of American Express Global Business Travel (GBT) and Ovation Travel Group in 2022. The company operates as a leading global business travel management company, providing a comprehensive suite of travel, meetings, and expenses solutions for companies of all sizes. Its evolution is marked by strategic integrations and a focus on leveraging technology to enhance the traveler experience and optimize corporate travel spend.
Core Business Areas
- Business Travel Management: Provides end-to-end services for corporate travel, including booking flights, hotels, and ground transportation, itinerary management, and travel policy compliance.
- Meetings and Events: Offers solutions for planning and executing corporate meetings, conferences, and incentive travel programs, ensuring seamless logistics and attendee engagement.
- Expense Management: Integrates travel booking with expense reporting, streamlining the reimbursement process and providing visibility into corporate spending.
- Technology Solutions: Develops and deploys proprietary technology platforms, including booking engines, analytics dashboards, and traveler mobile applications, to enhance efficiency and user experience.
Leadership and Structure
Global Business Travel Group Inc. is led by a seasoned management team with extensive experience in the travel and technology sectors. The organizational structure is designed to support its global operations, with regional hubs and specialized teams focusing on different aspects of business travel management, client services, and technological innovation.
Top Products and Market Share
Key Offerings
- Description: A proprietary platform allowing corporate travelers to book flights, hotels, and ground transportation, adhering to company travel policies. Offers integrations with HR and expense systems. Competitors include SAP Concur, TripActions (now Navan), and Egencia (part of Amex GBT post-acquisition). Market share data for individual products is not publicly disclosed, but GBTG is a significant player in the OBT market.
- Product Name 1: Online Booking Tool (OBT)
- Description: A mobile application providing travelers with itinerary access, real-time travel alerts, booking capabilities, and support. Competitors include apps from airlines, hotels, and other travel management companies. Specific user numbers or revenue are proprietary.
- Product Name 2: Traveler Mobile App
- Description: Provides detailed insights into corporate travel spend, supplier performance, and traveler behavior, enabling cost optimization and policy enforcement. Competitors include SAP Concur and specialized data analytics firms. Revenue is integrated into overall service fees.
- Product Name 3: Reporting and Analytics Platform
Market Dynamics
Industry Overview
The global business travel industry is a substantial and complex market, driven by corporate necessity for employee mobility, client engagement, and event participation. It is characterized by intense competition, ongoing technological advancements, and significant sensitivity to economic conditions, geopolitical events, and public health concerns. The industry is increasingly focused on sustainability, duty of care, and leveraging data for efficiency and cost savings.
Positioning
Global Business Travel Group Inc. is positioned as one of the largest and most comprehensive business travel management companies globally. Its competitive advantages include a vast global network, a broad spectrum of integrated technology solutions, strong client relationships, and a dedicated focus on corporate travel needs. The company aims to offer a seamless, cost-effective, and compliant travel experience.
Total Addressable Market (TAM)
The Total Addressable Market (TAM) for global business travel and related services is estimated to be in the hundreds of billions of US dollars annually. GBTG, as a leading player, has a significant share of this market, particularly within the corporate segment. Its positioning is strong due to its scale, service breadth, and technological capabilities, allowing it to capture a substantial portion of corporate travel spend.
Upturn SWOT Analysis
Strengths
- Extensive Global Network and Reach
- Comprehensive Technology Platform and Solutions
- Strong Brand Recognition and Established Client Relationships
- Diversified Service Offerings (Travel, Meetings, Expenses)
- Expertise in Corporate Travel Management
Weaknesses
- Reliance on Economic Cycles and Corporate Spending
- Complexity of Integrating Acquired Entities
- Potential for Disruptive Technologies from New Entrants
- Maintaining Consistent Service Quality Across a Global Operation
Opportunities
- Expansion into Emerging Markets
- Leveraging Data Analytics for Enhanced Client Value
- Growth in Sustainable Travel Solutions
- Further Development of AI-powered Travel Management Tools
- Consolidation in the Business Travel Sector
Threats
- Global Economic Downturns and Recessions
- Geopolitical Instability and Travel Restrictions
- Cybersecurity Threats and Data Breaches
- Increased Competition from Online Travel Agencies (OTAs) and New Tech Startups
- Shifting Work Trends (e.g., Remote Work impacting business travel frequency)
Competitors and Market Share
Key Competitors
- CWT (formerly Carlson Wagonlit Travel)
- BCD Travel
- SAP Concur (though primarily a technology provider, also competes in T&E solutions)
- Navan (formerly TripActions)
Competitive Landscape
Global Business Travel Group Inc. holds a strong position in the competitive landscape due to its scale, breadth of services, and advanced technology. Its advantages include a well-established brand and a comprehensive offering that caters to a wide range of corporate needs. However, it faces challenges from agile, technology-focused startups and established players who are also investing heavily in innovation and service delivery.
Major Acquisitions
Ovation Travel Group
- Year: 2022
- Acquisition Price (USD millions):
- Strategic Rationale: To enhance Global Business Travel Group's offerings and market presence, particularly in specialized segments like luxury and entertainment travel, and to expand its service capabilities.
Growth Trajectory and Initiatives
Historical Growth: Prior to its public listing, the historical growth of American Express Global Business Travel was significant, driven by organic expansion and strategic acquisitions. The combination with Ovation Travel Group in 2022 represents a major step in its growth strategy. The post-pandemic recovery phase is expected to drive substantial revenue growth.
Future Projections: Future growth projections for Global Business Travel Group Inc. are likely to be positive, driven by the continued recovery of business travel, its expanding technology offerings, and potential market consolidation. Analysts will focus on its ability to gain market share, improve operational efficiency, and expand its service portfolio.
Recent Initiatives: Recent strategic initiatives include the successful IPO, integration of acquired businesses, continued investment in its technology platforms, and a focus on developing sustainable travel solutions to meet evolving corporate demands.
Summary
Global Business Travel Group Inc. is a dominant force in the business travel management industry, benefiting from its extensive global reach and comprehensive technology solutions. The company is well-positioned to capitalize on the recovery of business travel and the growing demand for integrated travel, meetings, and expense management. Key areas for focus include navigating economic uncertainties, fending off agile competitors, and continuously innovating its technology to maintain its competitive edge.
Similar Stocks
Sources and Disclaimers
Data Sources:
- Company Filings (SEC)
- Industry Reports
- Financial News Outlets
- Market Research Databases
Disclaimers:
This analysis is based on publicly available information and should not be considered investment advice. Financial data and market share figures are estimates and subject to change. Past performance is not indicative of future results.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Global Business Travel Group Inc
Exchange NYSE | Headquaters New York, NY, United States | ||
IPO Launch date 2020-11-23 | CEO & Director Mr. Paul Abbott | ||
Sector Consumer Cyclical | Industry Travel Services | Full time employees - | |
Full time employees - | |||
Global Business Travel Group, Inc. provides business-to-business (B2B) travel platform in the United States, the United Kingdom, and internationally. The company's platform provides a suite of technology-enabled solutions to business travelers and clients; travel content suppliers, such as airlines, hotels, ground transportation providers, and aggregators; and third-party travel agencies. It also offers consulting, meetings and events planning, and outsourced services; and manages end-to-end logistics of business travel, as well as provides a link between businesses and their employees, travel suppliers, and other industry participants. In addition, the company provides Amex GBT Egencia, a digital travel platform; Amex GBT Neo1, an online spend management platform to manage business expenses, including travel; Amex GBT Neo, a customizable global travel platform; Amex GBT Select, a flexible solution to give insights and control across their travel spend; and Amex GBT Ovation, a touch travel solution and personalized corporate travel servicing platform. Global Business Travel Group, Inc. was founded in 2014 and is based in New York, New York.

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