TravelPerk acquires U.S. rival

The European corporate travel booking platform has acquired Chicago-based startup AmTrav to support its expansion efforts in the U.S. market

Jun 18, 2024

To finance the acquisition and support TravelPerk's broader expansion plans, the company secured $135 million in debt financing from private equity firms Blackstone and Blue Owl.

Key takeaways

  • Avi Meir, CEO and co-founder of TravelPerk, anticipates that the acquisition will double the company's U.S. revenues, making the U.S. its largest revenue-generating market by 2026;
  • Currently, the U.K. is TravelPerk's largest market, spurred by the company's 2021 acquisition of the British corporate travel startup Click Travel;
  • AmTrav, which operates in the same sector as TravelPerk, will retain its brand and its entire team will continue with the business.

Get the full story at PhocusWire

Related must-reads

JOIN 34,000+ HOTELIERS

Get our Daily Brief in your inbox

Consumers are changing the face of hospitality - from online shopping to personalized guest journeys and digitalized guest experiences ...
we've got you covered.

By submitting this form, you agree to receive email communication from Hospitality.today and its partners.