Priceline, Ramp sign deal to disrupt ‘archaic,' high fee business travel booking model

Ramp, the expense management company recently valued at $7.65 billion, is moving into business travel in a partnership with Booking Holdings' Priceline.

Ramp, the expense management company recently valued at $7.65 billion, is moving into business travel through a deal with Booking Holdings' Priceline, as the growing number of corporate spend platforms look to retain and attract customers with additional services.

Priceline CEO Brett Keller described corporate travel as an"archaic business model" in which the bigger companies negotiate contacts directly with a select set of suppliers, which results in higher rates because of the customer support and service that is then used.

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