2006: TMC Consolidation Shifts World Order for Travel Management

 2006 saw massive upheaval in global TMC realignment. The
consolidation resulted in what has largely been the shape of the mega-TMC
environment we have known since then—with one major getting bought out since. In
2025, however, as the industry waits with much uncertainty for the regulatory
outcome of the proposed tie-up between American Express Global Business Travel
and CWT, the dramatic recombinations across the 2006 TMC environment are timely
as a study of a changing marketplace.

The stage for TMC consolidation was set in 2004, when CWT
acquired the corporate travel business of Maritz, but did not take on its
international partner TQ3 Travel Solutions. As a result, TQ3 shifted its
alliance to Denver-based Navigant, then the…