eTravel SA

What eTravel SA does

eTravel SA is a Warsaw-headquartered, Warsaw Stock Exchange-listed travel management company that operates as the largest business travel management provider and self-described technology leader in Central Europe. The company was founded in 2000 and operates through branch offices in Kraków, Rzeszów, and Gdynia in Poland, and in Prague, Czech Republic via its wholly-owned subsidiary ST Travel s.r.o.

The company's core product is the Corporate Travel Assistant (CTA), a proprietary SaaS-based online booking platform that integrates with all major Global Distribution Systems (Amadeus, Sabre, Galileo, Worldspan) and the NDC standard to aggregate airline and hotel content for corporate clients. The CTA platform enforces employer travel policies automatically during booking and supports end-to-end workflow from reservation through automated settlement and expense reporting. eTravel complements CTA with a dedicated MICE (Meetings, Incentives, Conferences, Events) service that organizes thousands of events annually, an expense management module, and a B2B travel agency partner program that grants smaller agencies GDS access and booking tools (CTA, MerlinX) without requiring IATA licensing. On the consumer side, eTravel operates five specialized sub-brands: lataj.pl (flight comparison), hotele.pl (hotels, with access to over 2 million properties), rejsy.pl (cruises), staypoland.com (inbound Poland tourism), and europe-mountains.com (European ski holidays).

eTravel generates revenue primarily through transaction-based commissions and fees from airlines, hotels, and travel service providers, supplemented by recurring SaaS and service fees from corporate clients on the CTA platform and professional services fees from MICE engagements. The company is led by CEO Andrzej Wierzba with a C-suite of six Vice Presidents covering supply chain, sales, customer, finance, product, and technology functions. eTravel holds ISO 9001, ISO 27001, and PCI DSS certifications, is IATA-accredited, and earned an EcoVadis Commitment Badge in 2024. The group includes wholly-owned subsidiaries eTravel Services sp. z o.o., TravelBank sp. z o.o., Marco Polo Travel sp. z o.o., Prosferi sp. z o.o., and ST Travel s.r.o.

Name

eTravel SA

Legal name

eTravel S.A.

Website

https://etravel.pl

Company type

Public

Founded year

2000

Operating status

Operating

Headcount range

101–250 employees

Short description

eTravel SA is Poland's largest business travel management company, operating a proprietary Corporate Travel Assistant (CTA) SaaS platform for corporate clients and five consumer travel sub-brands (lataj.pl, hotele.pl, rejsy.pl, staypoland.com, europe-mountains.com), serving enterprises, travel agencies, and individual travelers across Central Europe.

Ownership category

akta.pro rank

Product category

Corporate Travel Management

NAICS

Travel Agencies (561510), Travel Agencies (56151), Travel Arrangement and Reservation Services (5615)

SIC

Transportation Services (4700)

akta.pro primary industry

Enterprise OBTs (Complex Policy, Multi-Entity, Global) (THACABAC)

akta.pro secondary industries

Full-Service Corporate OBTs (Air/Hotel/Rail/Car) (THACABAA), OBT Content & Inventory Connectivity (GDS/NDC/API Integrations) (THACABAE), OBT Supplier Marketplace & Managed Content (Preferred Rates, Corporate Discounts) (THACABAM)

Keywords

• Corporate travel management
• Business travel booking
• MICE event services
• Online travel agency
• Travel expense management

Headquarters

HQ city

Warsaw

HQ country

Poland

HQ region

Europe

Offices5 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Technology or R&D, Operations, Marketing or Sales, Infrastructure

Revenue model

1. Travel services intermediary revenue: eTravel acts as an intermediary in the sale of travel services (flights, hotels, trains, cruises, etc.) to corporate and individual clients. Revenue is generated through commissions and transaction fees from airlines, hotels, and other travel service providers.
2. Corporate travel management services: B2B services for corporate clients including booking platform access (CTA/SaaS), travel policy management, expense reporting, and 24/7 support. Revenue model likely includes subscription or per-transaction fees from corporate clients.
3. MICE services: Meetings, Incentive, Conferences, and Events organization for corporate clients, generating revenue through service fees for event management.
4. Individual consumer travel services: Direct-to-consumer travel services through online portals (lataj.pl for flights, hotele.pl for hotels, rejsy.pl for cruises, etc.), generating revenue through booking commissions.

Go-to-market motion3 records

Distribution channels5 records

Marketing channels6 records

Core offering

eTravel SA provides managed corporate travel services through its proprietary Corporate Travel Assistant (CTA) SaaS booking platform, offering end-to-end business travel management including flight, hotel, rail and ancillary bookings with automated travel policy compliance and expense reporting. In parallel, the company operates multiple consumer-facing online travel portals (lataj.pl, hotele.pl, rejsy.pl, staypoland.com, europe-mountains.com) and provides MICE (Meetings, Incentives, Conferences, Events) organization services, distributing through direct sales, self-serve platforms, and a travel agency partner program integrated with major GDS systems and NDC connectivity.

Product overview

eTravel SA is a Polish travel management company offering a multi-portfolio platform approach. The core product is the Corporate Travel Assistant (CTA) – a SaaS booking platform for corporate travel with built-in policy compliance enforcement. This core platform is complemented by expense management and MICE (meetings/events) modules. For individual consumers, the company operates multiple specialized sub-brands: Lataj.pl (flight comparison), Hotele.pl (hotel reservations with 2M+ properties), Rejsy.pl (cruises), StayPoland (inbound Poland tourism), and EuropeMountains (ski holidays). The company differentiates through GDS integrations (Amadeus, Sabre, Galileo, Worldspan) and NDC connectivity for competitive airline pricing.

Differentiator

Problem solved

Functional benefit

Brands

• Corporate Travel Assistant (CTA): A technologically advanced booking platform enabling monitoring and ensuring compliance of bookings with travel policy. Offered in a SaaS model for corporate clients.
• Lataj.pl
• Hotele.pl
• Rejsy.pl
• StayPoland
• EuropeMountains

Products and services

• Corporate Travel Assistant (CTA)

Quantifiable outcome

• Reduced GHG emissions per employee by 35.5% vs 2022 baseline (achieved 5 years ahead of 2030 target)
• +2 more outcomes

Segments4 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration6 records

Feature6 records

Partnerships

Eight partnerships are on record, tiered core and flagship.

• AmadeuscoreTechnology or IntegrationGDS (Global Distribution System) provider integrated with eTravel's booking platform, enabling access to airline schedules, pricing, and booking capabilities.
• SabrecoreTechnology or IntegrationGDS provider integrated with eTravel's systems for airline content distribution and booking functionality.
• GalileocoreTechnology or IntegrationGDS provider integrated for access to travel content and booking capabilities.
• WorldspancoreTechnology or IntegrationGDS provider integrated for travel content distribution and booking functionality.
• LOT Polish AirlinesflagshipGTM or Marketing PartnerTop-performing airline partner with whom eTravel has achieved TOP AGENT status for 7 consecutive years for highest ticket sales.
• Turkish AirlinescoreGTM or Marketing PartnerAirline partner recognizing eTravel with main prize for highest sales in 2024.
• Air France-KLMcoreGTM or Marketing PartnerMajor airline group partnership recognized at gala events for sales achievements.
• NDC (New Distribution Capability)coreTechnology or IntegrationNDC standard integration enabling access to airline content through modern API connections, combining regular and low-cost carrier offerings.

Scale indicators7 records

Recent moves8 records

Expansion highlights6 records

Broad incumbents

• Egencia (Expedia Group): Corporate travel brand of Expedia Group combining OTA-scale inventory with corporate travel tools. Comparable as a digital-first enterprise and mid-market TMC, with deeper consumer-brand backing.

Direct peers

• Navan (formerly TripActions): US-headquartered modern corporate travel and expense platform combining booking, policy, and expense management. Closest comparable to eTravel's integrated CTA + expense management offering from a digital-native angle.
• TravelPerk: European-headquartered (Barcelona) modern TMC targeting mid-market with consumer-grade online booking, large inventory, and sustainability features. Represents the digital-first competitive threat to legacy TMCs like eTravel.
• BCD Travel: Global corporate travel management company serving mid-market and enterprise clients with proprietary booking tools and GDS-based content. Directly comparable full-service TMC operating model.
• CWT (Carlson Wagonlit Travel): Global corporate travel management company providing booking, expense, meetings & events, and consulting services to enterprise and mid-market clients. Direct competitor in full-service corporate travel.
• American Express Global Business Travel (Amex GBT): Largest global corporate travel management company, offering OBT platforms, policy compliance, expense integration, and 24/7 support to enterprise clients. Closest large-scale comparable to eTravel's full-service corporate travel model.
• FCM Travel (Flight Centre Travel Group): Global corporate travel division of Flight Centre, serving enterprise and SME clients with proprietary platforms and a strong presence in EMEA. Comparable full-service TMC with similar geographic and segment reach.
• Corporate Travel Management (CTM): Australian-headquartered global TMC with significant presence in EMEA and North America, serving mid-market and enterprise clients with proprietary booking technology. Comparable full-service corporate travel operator.

Others

• AirPlus International: Provider of corporate travel payment solutions (virtual cards, central billing) integrated with TMC workflows. Comparable as an adjacent infrastructure player in the corporate travel ecosystem, often co-deployed with TMCs.

Regional players

• Whygo (Poland / CEE): Polish/regional online travel agency with corporate and leisure offerings in the same geographies where eTravel is strongest. Comparable as a local Polish/regional travel competitor.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/eTravelpl
• Facebookfacebook.com/BiuroPodrozyEtravelSA
• LinkedInlinkedin.com/company/etravel-sa

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 records

Subsidiaries5 records

Funding overview

Funding rounds1 record

Investors2 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about eTravel SA