American Express to Acquire LoungeBuddy

By Anna Breuer on 11 March 2019
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American Express Centurion Lounge at MIA

American Express Centurion Lounge at MIA

American Express announced on Monday it plans to acquire LoungeBuddy, a company that offers an eponymously named app that provides travelers with airport lounge information and access.

“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,” said Christ Cracchiolo, American Express’ senior vice president of global loyalty and benefits.

The LoungeBuddy app allows travelers to discover which lounges are available to them based on airline status, credit cards held, and class of service on flights. It covers over 800 airports and thousands of lounges worldwide and provides detailed information about each lounge’s amenities.

“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,” said Tyler Dikman, a co-founder of the company who also serves as CEO.

American Express said it expects the acquisition to close in April of this year. Subsequent to the closing, LoungeBuddy will operate as a wholly-owned subsidiary of American Express.

(Photo: Accura Media Group)

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