TravelPerk is a business travel platform designed to simplify the booking and management of corporate travel for companies of all sizes. The platform allows employees to book their own trips, which saves time and enhances satisfaction. Travel managers can utilize tools to monitor travel data and manage expenses effectively, while financial controllers benefit from consolidated invoicing and straightforward reporting. A key feature of TravelPerk is its flexibility, allowing users to cancel bookings at any time, which is particularly useful in the unpredictable nature of business travel. The company earns revenue through commissions on bookings and fees for premium services, such as access to negotiated rates and advanced reporting features. Overall, TravelPerk aims to provide a comprehensive solution that combines flexibility, control, and convenience in business travel management.

Felix Capital

DST Global

Amplo

Spark Capital

General Catalyst

LocalGlobe

General Catalyst Partners

Greyhound Capital

SoftBank

Kinnevik

Target Global

Heartcore Capital

Blackstone

Blue Owl Capital

Roland Zeller

Aryeh Mergi

Tom Stafford

Yuri Milner

Latitude

Data & Analytics

Enterprise Software

TravelPerk

Here's our roundup of the people, product and partner news from the global travel industry this week.  TripStax, TripgridCorporate travel technology provider TripStax is now offering United States-based startup Tripgrid's solution to travel management companies, following a deal between the two companies.“We are delighted to be enhancing our relationship with. Tripgrid with this agreement and provide TMCs with access via TripStax to this. innovative corporate booking tool,” said Jack Ramsey, CEO of TripStax. “Most

Phocuswire'S Weekly Travel Tech News Briefs: Tripstax, Allianz, Worldpay, Priceline, Travelperk And More

As we head towards 2025, we look back on the travel companies and topics that made headlines this year.It has been another fascinating year in the world of artificial intelligence and developments from both established travel companies and startups across every segment of the industry have been interesting to observe. There has also been an acknowledgement that we're still in the hype phase and only scratching the surface of what the technology might eventually deliver.Other trends and topics that have caught our attention this year include hospitality technology and the gradual convergence between what hotels and what rental properties might need from a tech stack.And, we've been keeping an eye on the large online travel players, the regulatory environment, moves in the airline distribution world and corporate travel more widely.Below are some of the companies, topics and trends PhocusWire has identified as the headline makers in the past year — and who are bound to be among those to watch in the year to come, in alphabetical order.All things AIIt was the hottest topic of last year, and again this year and most likely next year. Artificial intelligence in all its forms — generative AI, large language models, autonomous agents, natural language processing and more — is permeating every industry. Specifically in travel AI is shaking up functions such as distribution, marketing, revenue management and operations for suppliers and for travelers, how they find inspiration, conduct searches and bookings, plan itineraries and even how they experience a destination.So travel technologists have been busy keeping up with product updates from multiple players in 2024, such as OpenAI, which launched its multimodal GPT-4o model, SearchGPT search engine and Sora video generation software. Google has also made headlines with the full rollout of AI Overviews in May, enhanced functionality of AI in travel search and in Google Maps and Project Astra AI assistant to name a few. And of course there are numerous other AI-based solutions coming from brands such as Microsoft, IBM, Anthropic, Perplexity, Amazon, Meta and others.Meanwhile, brands across every sector of travel are integrating the technology

Travel'S Movers, Shakers And Newsmakers In 2024

As business travel rebounds in the United States, airlines are reaping the benefits of renewed spending from corporate clients. Consider that 62% of CEOs expect their companies to increase travel budgets this year, according to a TravelPerk-commissioned report. This resurgence is fueled by the recognition of the value of face-to-face interactions in driving revenue and creating employee morale. Other contributing factors to increased business travel include higher attendance at conferences and an increase in workforce size, the report found

Us Airlines, Hotels Lean Into Digital Tools Amid Uptick In Corporate Travel

TravelPerk has partnered with rail commerce platform SilverRail to provide Amtrak content to TravelPerk's corporate clients, the companies announced.

TravelPerk Adds Amtrak Content Via SilverRail

Here's our roundup of the people, product and partner news from the global travel industry this week.Sabre partnershipsSabre has announced a partnership with Sensible Weather Technologies, a leader in. weather guarantee services. This collaboration

Phocuswire'S Weekly Travel Tech News Briefs: Travelperk, Serko, Expedia, Sabre And More

Amid what has proved quite a bleak year for travel startup investment, a number of deals have stood out in 2024.Companies that come under the broad banner of hospitality technology have secured significant funding demonstrating the ongoing belief from the investment community that modernization can drive real change and efficiency compared to current systems and processes.Mews, with its funding round of $110 million announced in March is a good example, as is Guesty with $130 million announced in April. More recently, Lighthouse announced $370 million in growth investment and Hostaway just last week landed $365 million. Get a dose of digital travel in your inbox each day

How Travel Startup Funding Shaped Up In 2024

To mitigate some travel stress, TravelPerk launched its FlexiPerk product in 2019.

Business Travel Disruptions Continue to Soar in 2024, Reveals TravelPerk's Second Annual Report

Here's our roundup of the people, product and partner news from the global travel industry this week. Kayak, Southwest AirlinesKayak, a metasearch engine for travel services, has. announced its integration with Southwest Airlines, allowing its users to see Southwest fares in their search. results. They will be able to compare fare attributes, travel credit

Phocuswire'S Weekly Travel Tech News Briefs: Kakak, Southwest Airlines, Sabre And More

Traveltech companies in Europe are transforming the way people travel, offering innovative solutions that enhance the entire travel experience. From booking and itinerary management to personalized recommendations and seamless transportation, these companies are leveraging cutting-edge technologies like artificial intelligence, machine learning, and data analytics to drive the future of travel. As we look ahead to 2025, we can expect further innovation in the sector. Advances in AI, automation, and seamless integration of services will provide even more personalized and frictionless travel experiences. Sustainable travel technology, such as carbon footprint tracking and eco-friendly options, will likely become a central focus. Here are ten traveltech companies that raised the most in the first three quarters of 2024

Europe’S Traveltech Ecosystem: Redefining The Travel Experience

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Business travel booking and management platform

TravelPerk

Business travel booking and management platform

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