Big Changes at Lola and TripActions
Photo Credit: The Lola team at work in Boston. The company hired a new CEO to improve its presence in the corporate travel market. Lola
Skift Take
TripActions and Lola have been two of the most interesting players in the business travel ecosystem in recent years. Both their moves this week show how important it is for smaller companies to be able to acquire customers and service larger organizations effectively.
Some big news this week from two of the more interesting startups in corporate travel.
Paul English's Lola has appointed a new CEO with a marketing background and is moving more thoroughly into the travel management space, just a year after pivoting into booking for business travelers. It may be a tall task for Lola to break through in this extremely crowded space, particularly since other tech-first startups have been working to disrupt travel management for years.
Meanwhile, TripActions is using its recent funding round to expand globally, opening sales offices in Europe and Asia. By scaling its service operations, the company hopes to attract more global businesses to its travel management platform. We'll see how this strategy pans out as emerging corporate travel companies begin
