Lufthansa invests in TripActions

Buying Business Travel | January 21, 2020

Lufthansa invests in TripActions
Lufthansa Group has become the first airline company to invest in business travel platform TripActions, kicking off a strategic partnership. The investment – made through the Lufthansa Innovation Hub – comes as TripActions continues to expand into Europe after opening offices in London and Amsterdam in 2018. It marks Lufthansa’s fourth investment in a tech company and closes a Series D funding round with more than US$250 million raised at a valuation of US$4 billion. TripActions was shortlisted for Best Self-Booking Tool at the 2020 Business Travel Awards. According to the company, the investment from Lufthansa adds to its global momentum and supports its growth into the UK. It claims to have seen 1,000 per cent growth in the country and predicts a doubling of employee headcount in the market 2020.

Spotlight

Air travel is one of our favorite ways to get around, with millions of flights worldwide every year. In fact, 4.3 billion passengers are taking to the sky this year. That's a lot of airplane food and juice packets!We often forget that air travel is quite new in our history because it's now so widespread and has been made so affordable, in part by budget airlines and technology. Between countries, cities, and continents, air travel has enabled us to bring the world closer together and has changed the way the world does business, makes friends, and connects at the deepest levels.

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How 3D Robots Can Aid Hotels Amid Labor Shortages

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Spotlight

Air travel is one of our favorite ways to get around, with millions of flights worldwide every year. In fact, 4.3 billion passengers are taking to the sky this year. That's a lot of airplane food and juice packets!We often forget that air travel is quite new in our history because it's now so widespread and has been made so affordable, in part by budget airlines and technology. Between countries, cities, and continents, air travel has enabled us to bring the world closer together and has changed the way the world does business, makes friends, and connects at the deepest levels.