TravelPerk Acquires AmTrav to Expand US Business Travel Footprint

Spain-based TravelPerk has acquired Chicago-based business travel platform AmTrav, marking a significant move into the U.S. market. This acquisition comes at a time of robust growth in the business travel industry, with companies like American Express Global Business Travel (Amex GBT) and American Airlines reporting a surge in travel, especially among global multinationals and small- to medium-sized businesses (SMBs). TravelPerk’s strategic move aligns with the trend of domestic travel and frequent, local trips among corporations and SMBs, respectively. With this acquisition, TravelPerk aims to double its U.S. revenue, building on its impressive 65% year-over-year growth in the American market.

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