90% of business travelers see travel as an essential investment or a necessary cost — an increase of 8 percentage points from the findings in the 2025 report. "Closing deals" reappeared as one of the most important reasons to take a business trip, claiming the No. 2 spot. A staggering 80% of travelers sometimes book off-platform, while 77% of managers admit current expense tools fall short. 76% of travelers now trust AI for straightforward T&E tasks, a significant leap from the 59% who said the same in the ...

Core Insights - Navan has been selected by Frasers Group as its global partner for travel and expense management [1] - Frasers Group is executing its Elevation Strategy to enhance its retail presence and build a compelling brand ecosystem [1] Company Overview - Navan operates as an all-in-one travel, payments, and expense management platform [1] - Frasers Group is the parent company of well-known retail brands such as Sports Direct, FLANNELS, and FRASERS [1] Strategic Initiatives - The partnership with Navan aligns with Frasers Group's goal to rethink retail and strengthen its brand ecosystem [1] - The Elevation Strategy aims to position Frasers Group as a leading retailer in the market [1]

Core Insights - Navan's platform provides a 16% annual savings on business travel for customers, as per a study by Forrester Consulting [1][3] - The study indicates a 376% return on investment (ROI) over three years with a payback period of less than six months [1][6] - Total benefits from using Navan are estimated at $9.1 million over three years, combining cost savings and productivity gains [6] Cost Savings and Productivity - Navan's platform consolidates multiple travel management systems into one, leading to significant savings and improved compliance [2][3] - One customer reported a 17% savings on travel spend in 2023, with expectations of 20% savings for 2024 and 2025 [3] - The platform's AI capabilities allow employees to book travel in under five minutes, with 70% of bookings made from the first five options presented [3][6] Market Position and Growth - Navan is positioned as a leading all-in-one business travel, payments, and expense management platform [7] - The Navan Business Travel Index indicates a 20% year-over-year increase in business travel activity in Q3 2025, significantly outpacing TSA travel data growth [9]