American Express has agreed to acquire LoungeBuddy to offer its premium card members better access to lounges in airports globally.
LoungeBuddy, which was founded in 2013, allows travellers to locate, book and access airport lounges globally.
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Through its lounge partners, LoungeBuddy tracks lounge ratings and reviews, eligibility criteria, and global airport coverage.
American Express first partnered with LoungeBuddy in 2017 and carried information related to lounge ratings and reviews on it mobile app.
LoungeBuddy supplied information for more than 1, 200 airport lounges, which were available only for American Express’ Platinum Card and Centurion Members.
American Express senior vice president of global loyalty and benefits Chris Cracchiolo said: “The expansive airport lounge access we offer our premium Card Members through the Global Lounge Collection is among the most popular travel benefits we offer, which is why we continue to invest in enhancing the lounge access and services we provide.
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By GlobalData“With the acquisition of LoungeBuddy, we will be able to leverage its cutting-edge platform to develop additional ways to become an essential part of our Card Members’ digital lives.”
This acquisition is scheduled to complete in April this year.
After the deal closure, Loungebuddy will function as wholly-owned subsidiary of American Express and continue to be led by its original founders.
LoungeBuddy co-founder and CEO Tyler Dikman said: “Since the beginning of our partnership with American Express, it was clear that American Express shared the same commitment to elevate their customers’ entire travel experience and beyond.
“As a company rooted in providing a highly premium experience using innovative technologies, we are excited to work even more closely with American Express to further deliver on this for their Card Members across the globe.”
This is the second acquisition for American Express this year. Recently it acquired Japan-based Pocket Concierge.
