STAYSkift · 11h ago
Permira-Backed Engine Buys Options Travel to Build Corporate Booking Tool
Executive Brief
The 30-second read
Permira-backed startup Engine has acquired Options Travel to expand from hotel distribution into full-scale travel management. The firm aims to leverage this acquisition to develop an integrated corporate booking tool for the mid-market and enterprise sectors.
- 01Engine acquires Options Travel to transition from hotel-only sales to comprehensive travel management services
- 02The startup will develop proprietary booking software designed for universal business traveler use
- 03Permira private equity backing provides capital for Engine to scale its infrastructure and technology
- 04The acquisition targets businesses that historically operated without formal travel management company support
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The Corporate Travel Management Guide →AI-generated summary · Verify at source
Engine is a startup that spent a decade selling hotel rooms to businesses that never hired a travel management company for help. Now it's just bought a TMC, and plans to build the booking software it thinks all business travelers should use.