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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.
LinkedIn X Facebook Email Gift Is Engine positioning for an IPO or acquisition, and what timeline might that follow? What impact could this acquisition have on Engine's existing hotel and GDS supplier relationships? How will Engine's AI-native booking tool differentiate from established OBTs like Concur or Navan? Select a question above or ask something else
Engine built a business by serving business travelers who book most of their own travel. Now it's buying a travel management company (TMC), one of the agencies that corporations pay to negotiate rates and book their employees' travel.
The Denver-based startup has bought Options Travel, a U.S. agency that had about $408 million in gross sales volume last year.
The companies didn't disclose deal terms. Engine already had about 1,000 employees and had raised $140 million in Series C funding in 2024 in a round led by private equity firm Permira.
Engine's growth had come from the unmanaged side: workers at firms with no for
Tags: business travel , corporate travel , private equity , tmcs , travel management companies
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