TripActions tips

Corporate travel agency TripActions this week secured $400 million in credit facilities from Goldman Sachs and Silicon Valley Bank, which it said it will use to “accelerate the expansion of its customer base.”

Agency consortium GlobalStar Travel Management is expanding in Europe, after boosting its presence across North America and Asia.

If you’d thought Silicon Valley’s TripActions was running out of steam as we head towards the year’s end, after its acquisitions and extensive fundraising, think again.

The pandemic accelerated a global shift towards digital payments, but in Italy signs are emerging of a slowdown.

The recent relaxation of zero-Covid policies in China offered great hope to a corporate travel industry stymied by those rules and one waiting to bring China back into the fold to speed up its recovery. But the ensuing testing requirements being put in place now by countries will be a major setback and dent much-needed confidence, industry associations warn.

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

Corporate travel agency TripActions is rebranding to Navan, Skift has learned.

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