The Middle East and APAC are set to contribute up to 46% of total global business travel expenditure
Online travel marketplace Wego has acquired Travelstop, a platform that simplifies business travel and expense management for companies. The acquisition will allow Travelstop to tap into Wego's regional network.
By combining their resources and expertise, Wego and Travelstop aim to change the way companies navigate the complexities of corporate travel as well as contribute to the growth of the travel industry in the Middle East and Asia-Pacific regions.
The combined platform will provide businesses with a one-stop solution, enabling them to seamlessly manage their corporate travel needs while gaining greater visibility and control over expenses.
Wego CEO and co-founder Ross Veitch said: "We're thrilled to announce the acquisition of Travelstop. This strategic move is in line with our vision of offering comprehensive travel solutions to businesses in the region.
"Together, Travelstop and Wego will empower businesses to streamline their travel and expense management processes, introducing new levels of convenience and cost-efficiency.”
Prashant Kirtane, CEO and co-founder of Travelstop, added: "With our combined expertise and assets, we are confident in our ability to deliver an exceptional business travel experience to our customers.
"Our focus on product innovation and on customer satisfaction will enable us to set new industry standards and redefine the future of business travel."
According to the August 2022 ‘GBTA BTI Outlook Annual Global Report & Forecast’, the APAC and Middle East regions are set to contribute up to 46% of the total global business travel expenditure in 2023.
For more information, visit www.wego.ae/en