- MEA region’s annual business travel spending amounted to $23 billion last year; India at $36 billion
- Musafir Business processed over 600,000 transactions in 2022, aiming for 1.1m this year.
- Average corporate transaction value sees a 25% increase compared to the pre-pandemic era
Dubai, UAE – June 12, 2023 – Musafir Business, the leading all-in-one corporate travel management platform in the region by musafir.com, has achieved a remarkable 97% increase in Gross Merchandise Volume (GMV). Surpassing pre-pandemic sales, the company is poised for a record-breaking year. Additionally, Musafir Business has successfully launched in India, a rapidly growing travel market with a corporate travel spend of approximately $36 billion last year.
Building on its impressive track record of delivering approximately 20% savings on annual travel spend for Middle Eastern organizations, Musafir Business processed over 600,000 transactions in 2022. The company aims to sustain its growth momentum in 2023, targeting approximately 1.1 million transactions for the year.
Sachin Gadoya, Co-founder & CEO of musafir.com and Musafir Business, expressed the company’s commitment to expansion, stating, “We have experienced remarkable growth in the region and are determined to replicate this success in other markets. With our successful launch in India and the overwhelming response we received within the first month, we are thrilled to announce our upcoming expansion into Saudi Arabia, scheduled for Q3 2023.”
The global business travel spending reached $933 billion in 2022, accounting for 65% of the pre-pandemic travel spend of $1.4 trillion. The MEA region contributed approximately 2.5% of the overall business travel spending in 2022, amounting to $23 billion.
Musafir Business has also witnessed a significant 25% growth in average corporate transaction value compared to pre-pandemic levels. Gadoya emphasized the company’s focus on enhancing the customer experience, building differentiation through digital products, and gaining deeper customer insights. He added, “We are committed to continuously improving the Musafir Business platform by utilizing cutting-edge technology and leveraging machine learning algorithms to improve customer experiences. In addition to developing our B2B platform for travel agents, later this year we will launch our travel app, which will enhance the travel experience for both our corporate & leisure customers.”
Musafir Business’s commitment to providing a comprehensive and streamlined travel management solution for businesses is evident. The platform integrates flights, hotels and visas (UAE Tourist visas & Global Visa assistance) into a user-friendly interface, enabling companies to manage travel expenses and streamline operations efficiently.
Offering an enhanced traveler experience with personalized recommendations, real-time alerts, and reliable support simplifies expense management, improving cost control and accuracy. Moreover, advanced data analytics provide valuable insights, enabling data-driven decisions for optimized travel programs. With a focus on compliance and policy enforcement, Musafir Business prioritizes corporate governance and traveler safety.
About Musafir Business:
Musafir Business is a business travel management service from Musafir.com, that allows organisations to manage their corporate travel seamlessly. The all-in-one Business Travel Management platform developed by Musafir.com enables organisations to manage their business travel through automated approval workflows, travel policy compliance, visa assistance, preferential flight, and hotel rates.
Musafir Business platform also empowers organisations with insightful reporting covering; carbon emissions tracking, spend analytics, real-time reporting on flight spending, and much more.
Follow for the latest news: @musafirdotcom; @musafirbusiness
About musafir.com
musafir.com is the UAE’s leading online travel agency. musafir.com was founded by Sheikh Mohammed bin Abdullah Al Thani and Sachin Gadoya in August 2007 to serve leisure customers, branching out into business travel in 2017. musafir.com has a presence across three countries: the UAE, Qatar & India. Offering flights to over 3,000 destinations, hotel stays at more than 1 million properties around the world, holiday experiences and much more, services provided by musafir.com include search & bookings on numerous flights and hotels, UAE tourist visa (application & assistance), international tourist visa assistance, and holiday packages. Since its inception, musafir.com has served over a million customers through our flagship website & branch network.
