Articles tagged “tripactions”

Is corporate travel a sexy sector now? Maybe to investors, but new technology is doing less to change the status quo than you may think.

The company is doing well, considering it's operating in one of the most difficult markets for business travel. Now it's hinting at new, out-of-the-box products, but we'll have to wait and see what those are.

TripActions now claims to be worth $4 billion after raising nearly half a billion dollars. Raising so much money in such a short time raises questions about competition in the space as it works to scale more quickly than its rivals.

Going forward TripActions hopes direct connections with airlines can give it a leg up on the competition. Encouraging its customers to use the functionality, though, could be tricky.

American, Delta, and United have partnered with tech firm ATPCO and business travel startup TripActions to show how they want their fares displayed on websites other than their own. Expect others to follow this model.

For over a decade, corporate travel management companies have been trying to pry open the huge market in Asia but have hardly made a dent. Travelstop says now is the time, as the market is full of high-growth startups that will "get it." Perhaps such new players will finally disrupt the space.

The corporate travel sector is in the midst of a period of rapid change and disruption, driven by emerging technologies and shifting employee habits. This new report offers a macro-level snapshot of the current landscape, helping industry stakeholders identify the most important trends they’ll need to know in the year ahead.

A review of the 10 most important trends impacting corporate travel in 2019 Examples of how organizations of all sizes are implementing the trends Insights gathered from interviews with industry…

Silicon Valley and the sharing economy have helped drive a rapid reorganization of business culture and employee travel habits. Yet not all travel management solutions have kept pace with the changes. The decisions facing Lyft as it overhauled its own travel policy are a great example of the dynamic playing out in boardrooms across the globe.

Investors are paying attention to the companies trying to capture the travel spending of small- to medium-sized businesses. As these startups attract increased venture funding, though, it's important to remember that corporate travel at large is extremely resistant to disruption.