• Home
  • About Us
  • Contact Us
  • Cookie Policy
  • DMCA
  • Disclaimer
  • Privacy Policy
  • Terms of Use
Newsletter
Top Travel Gram
  • Home
  • Travel
    • Adventure Travel
    • Budget Travel
    • Business Traveling
    • Mountain Travel
    • Vacation
    • Travel Tips
      • Travel Photography
      • Trip Ideas
      • World Tour
    • Travel News
      • Travel Guides
      • Travel Insurance
      • Passport And Visa
  • Hotel Booking
    • Hotel Accommodation
    • Holiday Destination
    • Hotel And Resort
    • Ski Resorts
  • Outdoors
    • Camping
    • Jungle Safari
    • Desert Safari
    • Sea And Beaches
  • Food And Drink
  • Contact Us
  • Pages
    • About Us
    • Cookie Policy
    • DMCA
    • Disclaimer
    • Privacy Policy
    • Terms of Use
No Result
View All Result
  • Home
  • Travel
    • Adventure Travel
    • Budget Travel
    • Business Traveling
    • Mountain Travel
    • Vacation
    • Travel Tips
      • Travel Photography
      • Trip Ideas
      • World Tour
    • Travel News
      • Travel Guides
      • Travel Insurance
      • Passport And Visa
  • Hotel Booking
    • Hotel Accommodation
    • Holiday Destination
    • Hotel And Resort
    • Ski Resorts
  • Outdoors
    • Camping
    • Jungle Safari
    • Desert Safari
    • Sea And Beaches
  • Food And Drink
  • Contact Us
  • Pages
    • About Us
    • Cookie Policy
    • DMCA
    • Disclaimer
    • Privacy Policy
    • Terms of Use
No Result
View All Result
Top Travel Gram
No Result
View All Result
Home Business Traveling

Corporate Travel Booking Company TripActions Is Now Valued At $4 Billion

Toptravelgram by Toptravelgram
December 20, 2021
in Business Traveling
0
0
SHARES
21
VIEWS
Share on FacebookShare on Twitter

TripActions, a corporate business travel booking platform, announced it raised $250 million in Series D funding led by Andreessen Horowitz (a16z). Zeev Ventures, Lightspeed Venture Partners, and Group 11 (formerly known as SGVC) joined this round. Including this round of funding, TripActions has raised over $480 million to date. With this round of funding, TripActions has seen its valuation increase to $4 billion. And TripActions has grown five times year-over-year. TripActions’ primary source of revenue is the $25 trip fee it charges companies whenever an employee books trips. And TripActions receives a commission from its hotel and flight partners. And the company plans to use the funding to solve the antiquated product, service, and experience of the corporate travel management industry.

Summary show
ADVERTISEMENT
Related articles
Corporate Travel Ideas For Small Businesses
How Business Leaders Can Begin Taking More Personal Risks

ADVERTISEMENT

“When we started TripActions, we put the traveler first, working to solve all of the pains of work travel that we experienced as road warriors,” said TripActions co-founder and CEO Ariel Cohen. “We wanted to give enterprises and their travelers a far better option than the status quo and hopelessness of using the same outdated and frustrating corporate travel platforms they’d always used. Thanks to our investors, partners, and suppliers who believed in our vision, our employees who passionately put the user first in everything they’ve done, and most importantly, our customers who have trusted us with their travel programs, TripActions is fast becoming the default for business travel.”

Related articles

Corporate Travel Ideas For Small Businesses

Corporate Travel Ideas For Small Businesses

May 19, 2022
How Business Leaders Can Begin Taking More Personal Risks

How Business Leaders Can Begin Taking More Personal Risks

January 3, 2022

With this round of funding, TripActions is planning to accelerate growth into global enterprise accounts and continue to deliver the best business travel experience by accelerating customer-driven innovation of its enterprise-grade platform, double down on its global fulfillment and strategic partnerships, and continue its rapid global expansion in support of its growing customer base. TripActions currently manages over $1.1 billion in annual travel budgets.

Travel

And the company has helped more than 2,000 customers worldwide, including WeWork, Lyft, SurveyMonkey, Chubbies, Marine Layer, Complex Networks, and Sara Lee Frozen Bakery. And TripActions has been able to reduce the average booking time from 60 minutes down to six while achieving unprecedented corporate travel program results, including more than 90% traveler adoption, 93% traveler satisfaction, and up to 34% savings on lodging alone.

“As founders, we wanted to create a company where we’d both be happy, excited, and proud to work, with a mission-driven culture focused on the user—all of them, all the time,” added TripActions co-founder and CTO Ilan Twig. “We believed we could change the industry by building an end-to-end business travel platform that was the best in the world, underpinned by the best product, service, and experience. Through our hyper-growth, our mission remains the north star for our business. It’s a privilege to help our customers and users turn travel into a strategic lever for growth.”

TripActions will build on the momentum of its NextGen Storefront (NGS) deployment, New Distribution Capability (NDC) launch, and free in-app flight changes. And the company is going to further invest in its platform, products, and services for providing even more value to enterprises and road warriors, including its VIP Luxe service for supporting executives and their Executive Admins, the Corporate Meetings & Events offers. Its robust reporting and analytics for helping enterprises maximize the value of their travel programs.

ShareTweetPin

Related Posts

Corporate Travel Ideas For Small Businesses

Corporate Travel Ideas For Small Businesses

by Toptravelgram
May 19, 2022
0

The main benefit of corporate travel is its cost effectiveness. The average business traveler spends around $2,000 per year on...

How Business Leaders Can Begin Taking More Personal Risks

How Business Leaders Can Begin Taking More Personal Risks

by Toptravelgram
January 3, 2022
0

There had been frequently in my lifestyles where I thought I ought to take a step lower back and forestall...

Tour de France: Key statistics to know earlier than you travel

NEWS BRIEFS: International Travel Requires Registration

by Toptravelgram
December 20, 2021
0

Summer is here, a time when more UC Davis affiliates go abroad for study and research, prompting Global Affairs to...

Airbnb gives round-the-world journey journeys

How to shrink your carbon footprint when you journey

by Toptravelgram
December 20, 2021
0

When I fly from New York City to Denver for the Fourth of July, I could be able to spend...

Kate Middleton, Prince William Made This Travel Mistake With Prince George, Charlotte

Kate Middleton, Prince William Made This Travel Mistake With Prince George, Charlotte

by Toptravelgram
December 20, 2021
0

Kate Middleton and Prince William made this tour mistake throughout a journey with Prince George and Princess Charlotte years in...

Load More
No Result
View All Result

Today Trending

  • 28 Instagram Captions For Desert Pics That’ll Have You Longing For Wanderlust & Desert Dust

    28 Instagram Captions For Desert Pics That’ll Have You Longing For Wanderlust & Desert Dust

    0 shares
    Share 0 Tweet 0
  • AndBeyond Sossusvlei Desert Lodge to reopen in Oct.

    0 shares
    Share 0 Tweet 0
  • Quickie to the Desert QAR 139 OFFER

    0 shares
    Share 0 Tweet 0
  • Jungle safari on vintage teach in Uttar Pradesh

    0 shares
    Share 0 Tweet 0
  • JELLY & I SCREAM Portuguese Man O’War jellyfish that closed 3 Benidorm beaches noticed off Marbella

    0 shares
    Share 0 Tweet 0

Recent Post

Build a Campland Today! – Tips & Advice

Build a Campland Today! – Tips & Advice

May 24, 2022
Corporate Travel Ideas For Small Businesses

Corporate Travel Ideas For Small Businesses

May 19, 2022
Budget Travel Hacks that Will Help You Travel More

Budget Travel Hacks that Will Help You Travel More

May 14, 2022
  • Home
  • About Us
  • Contact Us
  • Cookie Policy
  • DMCA
  • Disclaimer
  • Privacy Policy
  • Terms of Use
Mail us: admin@toptravelgram.com

© 2022 All Rights Reserved Toptravelgram.

No Result
View All Result
  • Home
  • Travel
    • Adventure Travel
    • Budget Travel
    • Business Traveling
    • Mountain Travel
    • Vacation
    • Travel Tips
      • Travel Photography
      • Trip Ideas
      • World Tour
    • Travel News
      • Travel Guides
      • Travel Insurance
      • Passport And Visa
  • Hotel Booking
    • Hotel Accommodation
    • Holiday Destination
    • Hotel And Resort
    • Ski Resorts
  • Outdoors
    • Camping
    • Jungle Safari
    • Desert Safari
    • Sea And Beaches
  • Food And Drink
  • Contact Us
  • Pages
    • About Us
    • Cookie Policy
    • DMCA
    • Disclaimer
    • Privacy Policy
    • Terms of Use

© 2022 All Rights Reserved Toptravelgram.