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Thursday, October 13, 2022

TripActions to Accelerate Expansion After $300M Financing Round



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October 13, 2022
TripActions to Expand After $300M Financing Round
By Michael B. Baker
TripActions has raised an additional $300 million in funding, which the travel, card and expense management platform said brings its valuation to $9.2 billion. The financing round includes $154 million in equity from current and new investors as well as a $150 million structured capital transaction from investment firm Coatue Ventures. Keep Reading
Travelport Plus Adding NDC Content, Hotel Rate Options
New Distribution Capability content from Lufthansa Group and Air France-KLM will be available on the Travelport Plus platform by the end of this year, and the company also has secured an expanded agreement with Hertz and a new partnership with Booking.com. Keep Reading
J.D. Power: Higher Car Rental Prices Restrain Satisfaction
Overall customer satisfaction this year with airport-based rental car companies in North America has remained nearly even with 2021 as fees rise, according to the J.D. Power 2022 North America Rental Car Satisfaction Study. Keep Reading
Wyndham Expands Meetings Collection Globally
Wyndham Hotels & Resorts is growing its meetings offering through the global expansion of The Meetings Collection. Keep Reading
Enterprise Expands to South Africa
Enterprise Holdings' brands will be available in South Africa for the first time through a new franchise partnership, the car rental company announced Wednesday. Keep Reading
31%
Frequency with which corporate travelers in Tripbam's data set booked in the third quarter static negotiated hotel rates, abut the same as in Q2.
Aventri, MeetingPlay and Eventcore Rebrand as Stova
Merged event-tech suppliers Aventri and MeetingPlay and the recently acquired Eventcore are all officially rebranding as Stova, the company announced. Keep Reading
Take BTN's Meetings Tech Survey
BTN is preparing a special research issue on the state and future of meetings technology, and we'd like you to be a part of it. Click here to take BTN's survey and record your thoughts on hybrid meetings, virtual meetings and the evolution of meetings technology. Qualified participants could win an Amazon gift card. Click here to participate!
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