Trip.com Bolsters Business Travel Ambitions Outside China With Acquisition

Key Points

• Trip.com Group acquired Key Travel's EMEA operations to accelerate its global corporate travel ambitions, while Globespan acquired Key Travel's U.S. division.
• Key Travel’s expertise in serving nonprofits and humanitarian groups complements Trip.Biz’s technology and scale, offering specialized solutions for complex travel needs.
• Trip.com is focusing on corporate travel as a growth pillar, aiming to expand in Western markets amid rising demand for sustainability and advanced digital solutions.

Summary

Trip.com Group has acquired Key Travel’s operations in Europe, the Middle East, and Africa to strengthen its corporate travel business outside China, while Globespan took over Key Travel’s U.S. division. The move gives Trip.com’s corporate arm, Trip.Biz, deeper expertise in the nonprofit and humanitarian sectors and expands its presence in the EMEA market, where it seeks to challenge established Western players. The deal is part of Trip.com’s broader strategy to grow its corporate travel segment, leveraging technology, sustainability, and AI to meet evolving client needs.