Middle East-based online travel marketplace Wego has acquired corporate travel platform Travelstop as part of its expansion into business travel and expense management.
Agoda Adds Fintech Partners Ahead of Asia's Full-Scale Reopening
25.08.2023 - 14:34 / skift.com / Asia Pacific / Matthew Parsons
Travel platform Agoda has been pushing ahead with a series of new fintech partnerships, with its eye on Asia’s corporate travel recovery.
Agoda, which is part of Bookings Holdings, recently started working with Singapore’s global payment platform Sunrate, and is also now collaborating with Australia’s Airwallex to target business travelers in Hong Kong.
The deal with Sunrate will see it integrate its own online travel solution into Agoda. Sunrate helps online travel agencies support single and multiple corporate card payments for flights and accommodation, and lets users set spend limits and define usage.
Airwallex, which uses technology to help reduce the fees charged for processing overseas transactions, is partnering with Agoda to make travel planning easier for corporate customers in Hong Kong. Airwallex Hong Kong customers get discounts and cashback on accommodation bookings using their Airwallex Borderless Cards.
The company said 84 percent of its Hong Kong business clients plan to take a business trip in the next 6 months.
The partnerships come as China and Hong Kong gradually lift their travel restrictions. A day after China announced changes to its controversial zero-Covid policy, Hong Kong said inbound arrivals would only need to undergo daily rapid antigen tests for five days, instead of seven days.
“It is great to see businesses in Hong Kong recover from the pandemic, and to see so many that are eager to travel again,” said Giuliana Riitano, Asia Pacific market director of Agoda. “For many, their next business trip may be the first time they have traveled in a very long time.”
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