Related Party Transactions |
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| Related Party Transactions | Related Party Transactions The following summaries relate to certain related party transactions entered into by the Company with certain of its shareholders, its shareholders' affiliates and the Company's affiliates. Commercial Agreements The Company has various commercial agreements with affiliates of American Express International, Inc. ("American Express"). In respect of such agreements, the table below sets out revenue accrued and expenses incurred by the Company during the three months ended March 31, 2026 and 2025:
The table below sets out amount receivable and payable to affiliates of American Express (including amounts collected by the Company on behalf of affiliates of American Express against certain receivables), as of March 31, 2026 and December 31, 2025:
In November 2021, the Company and EAN.com LP, an affiliate of Expedia, entered into a ten-year term marketing partner agreement to provide the Company’s business customers with access to Expedia group hotel content. Additionally, GBT Travel Services UK Limited, an affiliate of the Company ("GBT UK") and an affiliate of Expedia, entered into the following agreements: •an operating agreement in 2024, whereby the affiliate of Expedia would continue to provide certain operational services in support of the Egencia business for up to eighteen months; and •a services agreement in 2023, whereby the affiliate of Expedia would provide artificial intelligence-based, fraud prevention services involving ancillary license of software to GBT UK and its affiliates in support of the Egencia business for up to three years. The table below set out revenue accrued and expenses incurred by the Company during the three months ended March 31, 2026 and March 31, 2025, in respect of these agreements:
The table below sets out amount receivable from affiliates of Expedia as of March 31, 2026 and December 31, 2025. There was no payable to affiliates of Expedia as of March 31, 2026 and December 31, 2025:
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