Booking.com Partner Serko Gets Lift From Business Travel Recovery
Photo Credit: Booking.com headquarters on Rembrandtplein, Amsterdam. Flickr / jbdodane
Skift Take
Serko is reaping the rewards from a deal signed with the online agency just weeks before the pandemic hit, and now with “unmanaged travel” returning, the outlook has improved considerably.
A strategic partnership with Booking Holdings is helping expense management company Serko recover from the pandemic.
The New Zealand-based company upped up its revenue guidance for its 2023 fiscal year, which ends March 31, 2023, on Monday. It now expects total income of $29.6 million to $33.1 million, compared to $25.4 to $29 million.
The updated top estimate would be an increase of 149 percent on its total income for the 12 months to March 31, 2022.
The deal with Booking.com to power its new corporate travel platform was signed in November 2019, and has significantly contributed to its post-pandemic recovery. “We have seen stronger than expected revenue
