TravelPerk Company Overview and Market Research Report



Company Overview



Name, Mission of the Company


TravelPerk
Mission: To take the hard work out of business travel, so you can focus on doing what you’re there to do—getting the job done.

When was the Company Founded and By Whom


No information is available.

Key People in the Company


  • Avi Meir - CEO and Co-founder

  • Yasmine Bratt - Chief Revenue Officer

  • Roy Hefer - Chief Financial Officer

  • JC Taunay-Bucalo - Chief Operating Officer

  • Jon Hoar - Senior Vice President Product

  • Robin Smith - Senior Vice President Engineering

  • Flick Williams - Vice President People


Where is the Company Headquartered


Barcelona, Spain

Number of Employees


0,+ (Exact number not available)

Revenue of the Company


No information is available.

What is the Company Known For


TravelPerk is renowned for revolutionizing business travel by providing a seamless, centralized travel management platform with extensive features aimed at simplifying and enhancing business travel experiences.

Products



What Products Do They Offer


TravelPerk offers a variety of products tailored to different aspects of business travel management:

1. Travel Booking
2. Travel Software
3. SME Travel Management
4. Accommodation
5. Flights
6. Car Rental
7. Rail

High-Level Description of the Products


  • Travel Booking: Comprehensive booking services for flights, accommodations, car rentals, and rail.

  • Travel Software: Advanced software solutions for managing business travel efficiently.

  • SME Travel Management: Specialized travel management solutions for small and medium enterprises.


Key Features of Each of the Products


  • For Travelers:

  • Travel Alerts

  • Flexible Trips

  • Executive Experience

  • Group Bookings

  • Travel Assistance

  • Events Management


  • For Travel Managers:

  • Policies & Approvals

  • Duty of Care

  • Traveler Tracker


  • For Finance Teams:

  • Expense Management

  • VAT Recovery

  • Travel Management Reporting

  • Centralized Invoicing


  • Sustainability:

  • Carbon Offsetting


Recent Developments



Recent Developments in the Company


In recent years, TravelPerk has witnessed several significant developments:

1. Acquisition of AmTrav: To accelerate its expansion in the US market, TravelPerk acquired AmTrav, a US-focused, tech-first travel management platform.
2. Funding and Partnerships:
  • Raised $104 million in a Series D1-Extension with SoftBank joining the board.

  • Secured $135 million in capital via credit facilities from Blackstone and Blue Owl Capital.

  • TravelPerk launched its 20th NDC integration with Emirates.


New Products Launched


  • A brand new car rental booking process: This includes more payment options and the ability to book with all major brands, providing travelers with all the benefits of car rental loyalty programs.

  • Revamped flight booking experience: This new interface makes it easier and faster for teams to book trips while earning flight miles.


New Features Added to Existing Products


  • Car Rental Booking Process Enhancements: Expanded payment options and loyalty benefits.

  • Flight Booking Enhancements: Improved user experience for booking flights.


Any New Partnerships


No specific new partnerships other than the acquisition of AmTrav were found in the data provided.

Conclusion


TravelPerk is on a strong growth trajectory, continuously improving its services and expanding its footprint in the US with significant acquisitions and funding. Their commitment to enhancing the business travel experience through innovative product offerings and strong leadership provides a promising future for the company.