The company is doing well, considering it's operating in one of the most difficult markets for business travel. Now it's hinting at new, out-of-the-box products, but we'll have to wait and see what those are.
There is a lot of buzz around what new distribution technology will do or won't do for the industry, but really only one thing is certain: It's way too early to tell.
Watching how adoption of new distribution technology plays out in this early stage can give us a look into what to expect in the future. Especially if direct distribution ever moves into other areas of travel booking, like hotels.
TripActions now claims to be worth $4 billion after raising nearly half a billion dollars. Raising so much money in such a short time raises questions about competition in the space as it works to scale more quickly than its rivals.
TravelPerk’s reveal comes on the heels of TripActions’ announcement earlier this month. So what travel management company will be next to offer direct distribution?
Viewing travel costs as an opportunity rather than a necessary evil can help businesses become stronger, in terms of both morale and revenue. Making this shift is hard, and it's unclear how many companies are ready to commit.
Global companies with a high volume of travelers, take note. Tight travel budgets and overly strict travel policies don't make for happy or productive employees.