More Companies Favor Traveler First Startup for Biz Travel

June 12, 2019

A group of travel management startups are changing the face of corporate travel, with a focus on employees rather than company administrators.

Two California-based startups, TravelBank and NexTravel, are doubling the adoption of this strategy and find that travellers are increasingly influential in corporate decision-making. TravelBank, which has just received funding from venture capital firm Dreamers VC, has not disclosed it, it is improving its expense management tools and has added a lot of benefits to travelers.

At the same time, NexTravel focuses on leisure and upgrades its fee system, allowing travelers to increase the extra time of business travel and spend time exploring destinations.

Duke Chung, co-founder and CEO of TravelBank, said: “All of our competitors have built these markets with the aim of empowering administrators and adding functionality to administrators.” BCD Travel. “But in today’s era, the interests and experience of travelers are equal or even higher priorities.”

Startups like TravelPerk and TripActions also manage travel in this way, so that the company’s travel booking process is as seamless as casual travel and wins employees who don’t want to use traditional companies’ clumsy, old-fashioned tools. .

TravelBank and NexTravel focus on the details of the trip itself, but beyond the booking interface.

With TravelBank’s new tool, the TravelBank market, travelers can access services such as Wag, so they can sit down while on the go, and use the portable Wi-Fi hotspot Skyroam. The platform also works with Clear and many other partners, a secure identification tool designed to make airport security faster and a variety of riders.

TravelBank believes that a bottom-up approach to individuals rather than companies is the best way to grow.

Chung said: “We believe that if employees are satisfied with their fee system, they will tell the company to use TravelBank.” “This is what we have seen so far. When we let employees make decisions, We don’t have to tell the company. They did it for us.”

At the same time, NexTravel gives travellers the opportunity to spend extra nights in their hotel stays, making travel less hurried and adding some relaxation to the experience. NexTravel CEO Lin Wenwen said that this is one of the most important things she found employees want, especially among young travelers.

In addition, the millennial generation is more likely than the older generation to expect the company to provide traveler-oriented services, she added. As they account for a growing share of the business travel world, companies feel pressure to meet these expectations.

“We are seeing the company becoming more and more open. She said: “This is largely to prevent burnout because business travel can increase the workload. ”