Concur Enters Brazil While Betting on Biz Travel Rebound
Photo Credit: Concur will expand in Brazil citing solid growth in its business there. Two travelers sit in a Rio de Janiero airport. Flickr / Stefan Krasowski
Skift Take
Brazil is already big for Concur, and will likely remain a strong market for business travel as its economy rebounds from a severe downturn. Hopefully, the country's political dysfunction won't get in the way of an economic recovery.
Concur has begun an official expansion in Brazil, buoyed by hopes that the country's recovering economy will soon be ripe for business travel. The company already has 160 clients in the country despite not having an official presence there; in the fourth quarter of 2016, Concur's Brazil business had increased 23 percent year-over-year. December 2016's business alone increased 50 percent year-over-year.
Concur will operate out of parent company SAP's offices in Sao Paolo. The bet on Brazil makes sense, given that the country already ranks in the top 10 markets for Concur's services.
Recent analysis from the Global Business Travel Association found weak recent performance f
