American Express Global Business Travel remains way out in front of the rest of Europe¡¯s TMCs, according to the Europe¡¯s Leading TMCs 2025 report which has been published by BTN Europe today.

Amex GBT had total European sales of €10.21 billion in 2024, which put it around €3.8 billion ahead of second placed BCD Travel (€6.41 billion in sales last year).

In third place comes CWT with €4 billion in sales ¨C the TMC is to set to be acquired by Amex GBT if the deal secures clearance in the US later this year.

Rounding out the top five TMCs in Europe are fourth placed FCM Travel (€3.1 billion in European sales) and Navan Group in fifth (€2.82 billion).

The Leading TMCs report is now in its 29^th year and as well as listing the continent¡¯s 50 largest TMCs, there are rundowns of the leading business travel agencies in Benelux,?France, Germany, Italy, the Nordics, Spain and the UK.

The report also includes profiles of more than 130 organisations, as well the findings of a survey into TMCs¡¯ hopes and expectations for the year ahead.

Andy Hoskins, Business Travel News Europe¡¯s editor in chief, said ¡°Europe¡¯s Leading TMCs is an indispensable reference point for the business travel industry. It offers unparalleled insight into the continent¡¯s top agencies and the changing dynamics of the travel management sector.

¡°Whether you're a travel buyer assessing your options or a supplier tracking the market, this trusted annual guide continues to set the standard.¡±?

Mark Frary, author of Europe's Leading TMCs report, added: ¡°The 2025 Leading TMCs contains more information about the largest number of travel management companies across Europe than ever before.

¡°Our research for this must-read resource for travel managers and others in the business travel sector shows TMCs are growing fast, investing heavily in technology, particularly artificial intelligence, and recognise the importance of a greater focus on corporate customers.¡±

The release of the report comes two days before Business Travel Show Europe in London is held on 25-26 June at the ExCeL exhibition centre.

Research conducted for the show illustrates that not all corporates are impressed with their current TMCs, with 32 per cent of buyers unhappy with their incumbent business travel agency and 15 per cent planning to change TMCs this year.

Although 59 per cent of buyers said they were happy with their TMC, while 52 per cent said they were worried that consolidation within the sector would reduce competition and be bad for buyers.

TMCs will be in the spotlight during three sessions at this week¡¯s show, including two hosted by the BTN Academy ¨C for full details of the conference programme and to register for the show, click here.