Analyzing TravelPerk Competitors​ - Which One Is Right for Your Company?

What are the Best Perk Alternatives?

If you are reading this, you probably heard the news: TravelPerk is now Perk. As of late 2025, the company has rebranded to focus on eliminating "shadow work" (admin tasks), expanding beyond just travel into general spend management.

But while Perk is expanding its scope, its competitors are doubling down.

Whether you are a startup trying to save cash or an enterprise needing strict compliance, the market is crowded. This post breaks down the top players to help you decide if you should stick with Perk or switch to a competitor.

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At a Glance: The "cheat sheet" Comparison

If you only have 2 minutes, start here. This table compares the fundamental business models of the top players, ranked by market impact.

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Deep Dive: The Top Perk Competitors Analyzed

Perk is no longer the only option for modern travel programs, and each competitor takes a very different path to solving the same problems. The profiles below walk through who each platform is built for, what they do especially well, and the tradeoffs to keep in mind as you compare them against your current setup.

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Engine

Overview Formerly known as Hotel Engine, the company recently rebranded to simply "Engine" to reflect its evolution from a hotel-centric platform to a comprehensive travel solution. It is designed to be a "modern travel management" platform that simplifies business trips without the complexity of traditional legacy contracts. It is particularly known for its ease of use and lack of mandatory contracts or minimum spend requirements.

Key Features

• FlexPro: A unique flexibility feature that allows travelers to cancel or modify reservations for any reason, often overriding standard carrier cancellation policies.
• Rewards Program: Users earn loyalty points on bookings (Engine Rewards) that can be redeemed for future travel or personal stays, stacking on top of brand loyalty points.
• Member-Only Rates: Provides access to deeply discounted rates on hotels, flights, and rental cars that are not available to the general public.
• Direct Bill: A centralized billing system that consolidates expenses into a single invoice, simplifying reconciliation for finance teams.

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Navan

Overview Rebranded from TripActions, Navan positions itself as the "all-in-one" super app for travel, corporate cards, and expense management. It is designed to drive high adoption rates among employees by offering a user experience that rivals consumer travel apps, combined with powerful backend control for finance and HR teams.

Key Features

• Ava (AI Assistant): An advanced AI agent that assists travelers with booking, itinerary changes, and policy questions in real-time.
• Unified T&E: Seamlessly integrates travel booking with expense reporting; expenses are often auto-reconciled the moment a card is swiped.
• NDC Capabilities: Connects directly with airline New Distribution Capabilities (NDC) to offer a wider range of fares and amenities than legacy systems.
• Incentives: Features a rewards system that grants employees personal travel credits when they voluntarily choose cost-effective options below the company's price cap.

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BCD Travel

Overview BCD Travel is one of the world's largest Travel Management Companies (TMC), operating in over 100 countries. They cater primarily to large, complex global enterprises that require rigorous data consolidation, traveler security, and high-touch service. They focus heavily on helping companies optimize their travel spend through consultancy and strategy.

Key Features

• TripSource: A proprietary traveler engagement app that manages itineraries, provides duty of care alerts, and encourages policy compliance.
• DecisionSource: An analytics platform that provides travel managers with deep insights into spending, behavior, and market trends to drive program improvements.
• Traveler Security: Industry-leading risk management protocols to track and assist employees during global crises or disruptions.
• Consulting Services: Dedicated teams that help organizations negotiate stronger rates with suppliers and structure efficient global travel policies.

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#4 TravelBank

Overview Now a U.S. Bank company, TravelBank is a fintech-forward travel and expense management platform. It is particularly popular with small to mid-sized businesses (SMBs) because of its lightweight, mobile-first design. The platform sets itself apart by gamifying the budgeting process to encourage employees to save money.

Key Features

• Budget Prediction: Uses proprietary algorithms to predict the cost of a trip in advance and set a dynamic budget to guide spending.
• Rewards Store: Employees who beat their travel budget can earn rewards points redeemable for personal use, creating a "win-win" culture of savings.
• U.S. Bank Integration: Offers deep integration with U.S. Bank corporate cards, allowing for seamless transaction syncing and reconciliation.
• Curated Marketplace: A simplified booking interface for flights, hotels, and cars designed to keep travelers within policy automatically.

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#5 CTM (Corporate Travel Management)

Overview Headquartered in Australia but with a significant global presence (North America, Europe, Asia), CTM provides a value-driven alternative to the traditional "mega-TMCs." Their model blends personalized local service with proprietary technology. They are well-regarded for their ROI-focused approach and specialized divisions for complex sectors like events and resource mining.

Key Features

• Lightning: An online booking tool (OBT) developed in-house that is designed for speed, mimicking consumer booking flows while enforcing corporate policy.
• Regional Service Model: despite being global, CTM emphasizes local decision-making and support teams, ensuring clients don't feel like just a number in a global call center.
• Climate+: A suite of sustainability tools that allows companies to granularly track carbon emissions and offset them within the booking workflow.
• Pre-Trip Approval: sophisticated approval workflows that catch out-of-policy bookings before the money is spent.

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#6 FCM Travel

Overview FCM is the flagship corporate division of the Flight Centre Travel Group. They target large enterprise clients and position themselves as the "alternative" to the legacy giants, offering a more flexible, tech-forward approach. They utilize a "plug-and-play" platform strategy that allows companies to customize their travel tech stack.

Key Features

• FCM Platform: A customizable dashboard that can integrate various internal and external travel tools (including third-party booking tools like Concur) into a single view.
• Sam: An AI-powered "Smart Assistant for Mobile" that acts as a proactive travel companion, alerting users to gate changes, weather delays, and traffic.
• Global Consistency: Promisies a unified account management experience across multinational regions, ensuring data and service levels match globally.
• Reporting Suite: Advanced visualization tools that help travel managers spot leakage (bookings made outside the platform) and optimize supplier negotiations.

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#7 Amex GBT

Overview Amex GBT is widely considered the largest B2B travel platform in the world. While it shares a brand heritage with American Express, it is a distinct entity focused on travel management. They serve companies of all sizes but are the dominant player for Fortune 500 corporations, offering unmatched buying power and global infrastructure.

Key Features

• Neo: Their flagship integrated platform that combines travel booking and expense management into a single audit-ready workflow.
• Egencia: A subsidiary brand acquired by Amex GBT that caters to clients who prefer a digital-first, software-led experience over traditional agent interaction.
• Marketplace Power: Leverages massive global transaction volumes to negotiate exclusive rates and amenities (like free Wi-Fi or breakfast) for clients.
• Traveler Care: Provides the most extensive 24/7 global support network, capable of handling large-scale evacuations and crisis response.

Would you like me to create a comparison matrix for these companies based on a specific criterion, such as "Best for Small Business" vs. "Best for Enterprise"?

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Feature Showdown: Perk vs. Engine vs. Navan

A detailed look at the specific features that matter to Admin and Finance teams.

Verdict: Which One is For You?

• Choose Perk if: You are a company with a significant European presence or you prioritize traveler happiness. You want your team to have the best booking experience and "white glove" support when flights get cancelled.
• Choose Engine if: You have a "project-based" workforce. If you are moving teams of people to job sites (nurses, construction crews, consultants) and your biggest expense is lodging, Engine is unbeatable on rates and billing logistics.
• Choose Navan if: You want a true All-in-One solution. You want the travel booking and the expense reporting to happen in the exact same app, and you want the ability to use your existing Amex/Chase corporate cards.

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