Wego, the largest online travel marketplace in the Middle East and North Africa, has acquired Travelstop, a platform that simplifies business travel and expense management for companies globally.
This strategic move will expand Wego’s reach into business travel and expense management.
By combining their resources and expertise, Wego and Travelstop aim to revolutionise the way companies navigate the complexities of corporate travel, as well as contribute to the growth and development of the travel industry in the Middle East and Asia-Pacific regions.
Wego also aims to address the unique challenges faced by businesses operating in emerging markets, such as fragmented travel options and manual expense reporting. 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.
According to an August 2022 GBTA BTI Outlook Annual Global Report & Forecast, the APAC and Middle East regions stand as the largest and most rapidly expanding markets in business travel. In 2023, APAC and the Middle East regions are set to contribute to 46 per cent of total global business travel expenditure.