Airbnb courts business travelers with Concur partnership

By Benjamin SnyderManaging Editor
Benjamin SnyderManaging Editor

Benjamin Snyder is Fortune's managing editor, leading operations for the newsroom.

Prior to rejoining Fortune, he was a managing editor at Business Insider and has worked as an editor for Bloomberg, LinkedIn and CNBC, covering leadership stories, sports business, careers and business news. He started his career as a breaking news reporter at Fortune in 2014.

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Airbnb, the popular startup for booking housing rentals, is tapping into the business market.

The company announced Monday a partnership with Concur, an expense-software maker, that allows corporate clients the ability to book places to stay from its TripLink service starting this fall.

To go along with the new service, Airbnb has unveiled a business-travel site tailored specifically to clients looking for rooms for their work-related excursions.

“We know Airbnb isn’t for every road warrior, but for larger groups, longer stays, and relocations, Airbnb offers inspired spaces in memorable places to make the most of any type of travel,” said Chip Conley, Airbnb’s head of global hospitality, in a statement on the company’s blog.

Airbnb says about 10% of its current customers use its service for business purposes.

The San Francisco company, which was founded in 2008, said that over 30 companies now work with Airbnb, including Evernote, Eventbrite and Lyft. The company has also teamed up with Salesforce (CRM) in order to “shape its business travel approach,” according to the company’s blog.

Concur also said “70 percent of Fortune 100 companies” use its service currently. The new partnership with Airbnb, which recently rebranded itself to some criticism, will likely boost that number.