TravelPerk

BCD Travel Revs Up New Service For Unmanaged Business Travel Clients

BCD Travel launched a no-fee, easy onboarding business travel service in Germany and shared plans to expand it to additional markets next year. The company put one of its top executives, global CFO Cees Batenburg, in charge of the initiative as executive lead. The new service uses a brand from an indirectly related acquisition several…

Modern Business Travel Pushes Limits Of Automation

There was a time when 30-year-old travel tech provider Cornerstone Information Systems saw an exchange on one in five tickets issued. Now that’s up to between one-third and half. This has huge implications for corporate travel services, labor and costs — as the industry has seen since business travel came back in earnest. Unfortunately, it’s…

CWT Varies Subscription Billing Program As It Entices Visa

Visa, whose corporate travel program was first to “integrate corporate-tailored NDC content at scale through the agency channel,” also has adopted an unorthodox TMC pricing strategy, according to Business Travel News. Visa’s travel management company, CWT, announced a new pricing model in May and an official this week said it had generated a lot of…

TravelPerk Reveals Direct Connection With Hilton, Which Claims No Agreement

[CORRECTION, Aug. 15, 2022: “There is no direct integration in place between TravelPerk and Hilton,” according to a prepared Aug. 8 statement from TravelPerk. The company apologized “for any confusion or misunderstanding” and indicated that when TravelPerk chief commercial officer JC Taunay-Bucalo said during a July phone interview that the company had a direct connection…

Claiming Dramatic Growth, Ramp Builds Travel Management Lite

Not yet three years old, New York-based Ramp Business Corporation last month confirmed new financing of $750 million at a valuation of $8.1 billion. It announced that more than 5,000 businesses were on its platform, which “is powering over $5 billion of annualized payments volume.” It’s a tech firm that offers payments rather than a…

‘It’s All Just Wild’: Tech Startups Reach A New Peak Of Froth

Much of the impact that venture-backed business travel startups will have on travel management remains to be seen, but they’ve certainly made a mark on financing, industry dialogue and the battle for small and medium-sized accounts. For tech startups generally, reporting by Erin Griffith finds, there’s no slowdown in sight. How crazy is the money…

TravelPerk: Costs Are Five Times Less Than Those Of ‘Normal’ TMCs

TravelPerk’s valuation tops $1 billion partly because its per-trip costs are five times lower than those of traditional travel management companies, according to its chief commercial officer. “TripActions and TravelPerk are measured like Software-as-a-Service companies, such as Workday, Slack or Zendesk, and not like an Amex or a more traditional travel company,” said TravelPerk CCO…

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