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Stock impact report

Navan Report: Business Travel Is Critical and Managers Demand Better

Navan, Inc. - Class A (NAVN) 
Company Research Source: Business Wire
90% of business travelers see travel as essential for growth, with 77% of managers now prioritizing all-in-one travel and expense PALO ALTO, Calif.--(BUSINESS WIRE)--Navan (NASDAQ: NAVN), the leading all-in-one business travel, payments, and expense management platform, today unveiled its seventh annual State of Corporate Travel and Expense Report, in partnership with Skift. This year’s report sees a surge in interest in business travel: 90% of business travelers consider travel an essential investment, up 8 percentage points from last year. Yet tools are failing both travelers and travel managers, with 80% of travelers sometimes booking off-platform and 77% of travel and finance managers saying their current expense tool falls short.The report delivers a clear message: corporate travel is soaring, yet businesses are hitting roadblocks with outdated T&E solutions. While the importance of in-person connections reaches new highs, travelers demand AI-powered tools and broader inventor Show less Read more
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