The Battle to Serve Smaller Businesses Heats Up
Photo Credit: Travelers at Chicago O'Hare International Airport. Flickr / Anne Worner
Skift Take
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.
The battle for supremacy among business travel startups has heated up over the last month.
A few weeks ago, Barcelona-based TravelPerk raised $44 million to accelerate its growth among travel management solutions for small- to medium-sized businesses.
On Thursday, Palo Alto's TripActions announced it has raised enough money to vault the company to unicorn status. Scaling is hard, and expensive, particularly when you need to acquire customers around the world to compete.
Skift Travel Tech Editor Sean O'Neill took a deep look at the competition between these startups jockeying for position in this relatively untapped market, and what exactly these giant funding rounds mean for corporate travel as a sector. Is funding cheap, or is there a big business opportunity here?
