Travelperk: Digitalization in the business travel market creates new opportunities!

Travelperk: Digitalization in the business travel market creates new opportunities!

In the digital age, business travel is subject to profound change. Companies like Travelperk rely on smart technologies to optimize the travel organization process. Loud Travel before 9 Travelperk sees digitalization as the key to its growth. Germany boss Eugen Triebelhorn emphasizes that open interfaces, dynamic travel policies and AI-supported process optimization are crucial to simplifying the complexity of business travel.

Travelperk aims to offer a consistent platform that covers all aspects of business travel. This ranges from booking to billing to policy management. The value of transparency and compliance has increased, particularly during the Corona pandemic. Companies have shown a growing interest in integrating travel data into existing HR and process management systems. Travelperk has therefore opened up its systems to enable seamless integration - at no additional cost.

Technological developments in focus

The impact of technology and digitalization on business travel should not be underestimated. Loud The Businesstravel Magazine Virtual meetings, artificial intelligence (AI) and online booking platforms are revolutionizing the business travel sector. Travel plans, booking confirmations and tickets are increasingly being managed on the go. The advantage of using these digital tools is that they save time and costs by reducing the need for physical travel.

Artificial intelligence also plays a role in proactively defusing problems such as flight delays or cancellations. Users can now easily access relevant information, such as travel conditions. Companies that adapt these trends are able to benefit from significant cost and time savings.

Growth and new trends

Before the pandemic, Travelperk primarily addressed unmanaged companies, but has now also gained a foothold in the enterprise segment. In order to avoid leakage, i.e. bookings outside the system, the company relies on decentralized booking approaches that enable employees to book within defined guidelines. These dynamic policies can be customized based on role, purpose, or availability.

Another innovation step is the recent acquisition of Swiss provider Yokoy, which aims to expand the end-to-end process. With regard to the German market, Travelperk also plans deeper localization, including full integration of rail connections. Spending by German companies in the US has also increased, influenced by the Inflation Reduction Act and US investments by European companies. Interestingly, around 40 percent of Travelperk customers expect increasing travel budgets for 2024.

With a focus on individual advice and strategic account managers, Travelperk promises optimization suggestions to help companies master the challenges of the modern travel world.