Coupa

Rising Diversity And Inclusion Awareness Highlights How Much More There Is To Do

With growing awareness this year about the work needed for greater diversity and inclusion, and the benefits of taking it on, the travel community has responded. Groups like the Black Men’s Travel Network and the TAMS Breakthrough Diversity committee sprung to life following the social justice movements that swept across America this year in response…

Coupa Buys Mobile Business Travel Tech Developer ETA Inc.

Spend management company Coupa added more travel tech to its portfolio, acquiring business travel app builder ETA Inc. ETA co-founder and CEO Choon Hong Peck on Friday informed The Company Dime of the transaction, indicating that he was unable to disclose additional details. Contacts at publicly traded Coupa have not responded to requests for comment….

Coronavirus Changes View Of Recent Acquisitions, Muddles Forecasts

Coupa execs on Monday confirmed it bought Yapta for about $100 million, but said the new property would underperform relative to original expectations. Wex acquired fellow payments firm eNett at what one analyst called a “steep” multiple. Recent acquisition activity is far from the only thing that looks upside-down in the new environment. Forecasting is…

As Rates Fall, Corporate Travel Buyers And Hoteliers Go Back To The Table

Hotel average daily rates took a hit in many markets over the past couple of weeks as cancelations rolled in. That means deals for those traveling for business. However, it also throws the relative position of negotiated corporate rates out of whack. Travel procurement professionals and hotels are reconsidering not only the pricing that many…

Beyond Contingency: Deep Corporate Travel Cuts Hit Business Outcomes

Travel suppliers are reeling from the coronavirus outbreak. Many executives feel the reaction is overblown, but there’s not much they can do. Industry professionals are working on operational responses. They’re enabling support staff to work from home and considering whether force majeure clauses apply to failed contracts. As with previous shocks to the business travel…

Coupa Buys Yapta, Which Was Part-Owned By Concur

Coupa acquired Yapta, the thirteen-year-old hotel and airfare price assurance firm named for “Your Amazing Personal Travel Assistant.” Yapta had raised more than $25 million between 2007 and 2015, including several million from SAP Concur and $2 million from Amadeus Ventures. Evercore ISI equities analyst Peter Levine made a “very rough” estimate for the value…

Startup Whizar Targets Travel Management Companies With Fare Predictions And Ticketing Optimization

Re-shopping booked airfares is nothing new in corporate travel. Front-end fare predictions are relatively common in consumer travel. A Tel Aviv startup now is enabling travel management companies to take advantage of fare predictions after booking but before ticketing. It claims it can save businesses substantial sums on airline pricing volatility. Consumer fare prediction tools…

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