Credit Suisse Therefore Sees Clear Advantages In This Journey – Press Release

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CreditSuiss analyst Stephen Xu began reporting global business travel group Inc. GBTG with an outperformance rating and announced a price target of $9.

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There is a secular trend among small and medium-sized businesses (SMEs) to shift travel expenditure from unmanaged channels to travel management companies (TMC).

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The analyst says tmc has realised the benefits of cost savings, better access to inventory/materials, meeting safety/welfare requirements and better compliance/control over spending.

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The acquisition of Egensia and Ovation has established the company as a leader in the SMB space, notes Stephen Xu.

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Risks for the company, the quoted analyst said, could include competition from other travel management firms, a slow-expected transition to business travel managed by SMBs.

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Macroeconomic uncertainty, the ongoing impact from COVID-19, and the greater secular use of travel video conferencing techniques as a replacement product.

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Value addition: GBTG shares are trading at $5.85, up 5.03% at the last check on Friday.

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