United Kingdom
United States
Asia Pacific
TripActions secures investment from Lufthansa
Lufthansa has taken a minority stake in business travel platform TripActions, which is aiming to expand in Europe.
In the past year, TripActions claims to have grown rapidly in the UK and expects to double its number of employees in the UK this year, taking on additional staff in support, operations, product, sales and marketing. It currently employs ore than 40 staff in London and expects to recruit 40 to 50 more.
Lufthansa is TripActions’ first strategic investor. The company, which launched in the US four years ago, has raised more than $250 million in its Series D funding.
"We are excited to enter into this strategic partnership with TripActions to foster modern airline retailing to the benefit of our corporate customers," said Tamur Goudarzi Pour, senior vice president of revenue management & distribution at Lufthansa Group Hub Airlines. "Jointly we aim to develop a unique customer experience and are committed to shaping the industry through our joint distribution innovation."
The investment follows news that the two companies entered into a strategic NDC partnership last November.
Linsey McNeill
Editor Linsey McNeill has been writing about travel for more than three decades. Bylines include The Times, Telegraph, Observer, Guardian and Which? plus the South China Morning Post. She also shares insider tips on thetraveljournalist.co.uk
Kittipong Prapattong’s Plan for Thailand’s Tourism Growth: Taxes, Visas, and Campaigns
James Jin: Didatravel’s Journey from China to Global Reach and the Impact of AI on Travel
Darien Schaefer on Pensacola’s Evolution: From Small Town to Global Destination
Florida Tourism’s Next Frontier: Dana Young on Expanding Beyond the Classics
Patrick Harrison on Tampa Bay Tourism’s Resilience and Marketing Strategy
Bubba O’Keefe on Clarksdale’s Vibrant Music Scene
Commemorating Elvis and Embracing Tupelo’s Culture with Jennie Bradford Curlee
Craig Ray and the Expansion of the Blues Trail
Presenting Mississippi’s Cultural Trails with Katie Coats
Robert Terrell: A Journey Through BB King’s Influence
Rochelle Hicks: Celebrating Mississippi’s Musical Legacy
Exploring Jacksonville with Katie Mitura: The Flip Side of Florida
Dozens fall ill in P&O Cruises ship outbreak
Boy falls to death on cruise ship
Turkish Airlines flight in emergency landing after pilot dies
Unexpected wave rocks cruise ship
Woman dies after going overboard in English Channel