Navan tips

Few work tasks are as soul-crushing and time-consuming as the filing of expense reports. How many taxes and fees did your hotel room carry? How many receipt photos did you upload? It can waste employees’ time and introduce errors into payment and accounting systems.

TravelPerk said Tuesday that it has acquired Chicago-based AmTrav, making the U.S. the corporate travel tech startup’s top region for revenue. 

The travel tech industry is ripe for consolidation. 

The big players in the world of managing corporate travel are gearing up to get bigger: Amex GBT’s $570 million bid for CWT and the sale of Direct Travel to an investor consortium are two of the latest examples of the race to bulk up through mergers. 

Good morning from Skift. It’s Thursday, December 7. Here’s what you need to know about the business of travel today.

Navan, a travel and expense management startup, has laid off 5% of employees at the company, accounting for about 145 people.

All-in-one online travel platform, branded “BusinessToGo,” to meet corporate travel demand from small- and medium-sized enterprise (SME) businesses in the UK and France.

Travel brands are eager to profit from artificial intelligence, but they’ll likely encounter several obstacles.

Corporate travel agency Navan, like many other travel brands, is bullish on the potential of artificial intelligence to revolutionize the travel industry. But its CEO and co-founder, Ariel Cohen, warns travel companies looking to launch a generative AI-powered tool that the process is far from simple.

Microsoft’s artificial intelligence technology, recently supercharged by ChatGPT, is applied to a range of fields, from scientific research to product design.

Corporate travel and expense management company Navan has bought India’s corporate travel startup Tripeur.

Corporate travel agency Navan aims to expand its market share, using artificial intelligence to its full advantage. 

Navan, the corporate travel agency previously called TripActions, rolled out a feature that enables companies to retain the benefits of their Visa and Mastercard corporate cards and still gain access to Navan’s automated expense management features.