Business Travel Growth Outpaced TSA Growth in Q4, Navan Research Shows
Navan, Inc. - Class A (NAVN)
Company Research
Source: Business Wire
Navan Business Travel Benchmark sees double-digit increase in business travel in Q4 PALO ALTO, Calif.--(BUSINESS WIRE)--Navan (NASDAQ: NAVN), the leading all-in-one business travel, payments, and expense management platform, today released its Navan Business Travel Benchmark (BTB) for Q4 2025, showing a 13.8% year-over-year (YoY) increase in business travel activity. This far exceeds the 1.2% growth seen in TSA travel data during the same period. The Navan Business Travel Benchmark is designed to be a global indicator of the strength of the business travel economy, powered by millions of transactions from more than 10,000 businesses on the Navan platform.In 2025 alone, the Navan Business Travel Benchmark saw a 16.1% YoY increase, compared to an effectively flat year (0.1% growth) recorded by the TSA. The benchmark hit its highest point ever in October 2025, during the heart of the fall conference season and despite the U.S. government shutdown. As expected across the industry, busi
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- NAVN's page on the SEC website