TripActions Wants to Raise Even More Money — Reports
Corporate travel agency TripActions is looking to secure more funds, according to Bloomberg.
It said the startup was looking towards a $9 billion valuation.
The startup is reportedly in talks for a new round of funding at a higher valuation because investors are more keen on private technology companies due to the declining value of publicly-traded shares.
There’s also interest because travel is rebounding at a faster than expected rate.
Bloomberg said a spokesperson for TripActions declined to comment.
TripActions raised $275 million in October from investors including Greenoaks Capital Management, Base Partners and entrepreneur Elad Gil, giving it a $7.25 billion valuation.
Up Next
Hotels
How Data Quality Issues Impact Global Hospitality Operations
There are wide discrepancies in data quality for hotel transactions across global regions, with the largest occurring in Asia-Pacific. Because hotels and agencies need to harness data quality to thrive, they must take a more nuanced regional approach to monitoring potential issues.
Sponsored 
Tourism
The White Lotus Effect Could Be a Disaster for Thailand's Koh Samui - And Travel Media Is Making it Worse
It is disheartening to see the same publications that have previously reported on the perils of overtourism now behaving like golden retrievers chasing a tennis ball, sprinting after the hype with little critical reflection.
Startups
Travel Startups Raise $580 Million Over Two Weeks
The ticket experiences sector has been ripe for modernization, and Klook is among those cashing in.
Airlines
Tariffs and Travel: What Trump’s Trade Moves Could Mean for Airlines
President Trump’s proposed tariffs on aluminum and steel imports could have ripple effects on the aviation industry — and eventually result in passengers footing the bill.
Hotels
Accor CEO: Opening Hotels in Mykonos Too Risky due to Climate Change
When a major hotel group like Accor decides not to build in Mykonos because of climate risks, it's a sign that climate change is reshaping business decisions.