Core Insights - The 2026 State of Corporate Travel and Expense Report indicates a significant increase in the perception of business travel as an essential investment, with 90% of business travelers affirming this view, marking an 8 percentage point rise from the previous year [8] - Despite the growing importance of corporate travel, businesses face challenges due to outdated travel and expense (T&E) solutions, with 80% of travelers occasionally booking off-platform and 77% of travel and finance managers stating their current expense tools are inadequate [2][8] Industry Trends - There is a rising demand for AI-powered tools and comprehensive all-in-one T&E platforms among travelers and managers, reflecting a shift towards modernizing travel management solutions [2][5] - The report highlights that 76% of travelers now trust AI for straightforward T&E tasks, a notable increase from 59% in the 2024 report, indicating a growing acceptance of technology in travel management [8] Company Positioning - Navan's platform is strategically positioned to address the gaps in the current market by integrating travel and expense management into a single application, enhancing user experience for employees while providing finance teams with necessary real-time control [3] - The report reveals that 77% of travel managers are interested in an all-in-one travel and expense solution, up from 66% in the 2024 report, showcasing a clear market trend towards unified platforms [5][8]
Navan Report: Business Travel Is Critical and Managers Demand Better