BizAway is fastest-growing company in the European travel and hospitality sector

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Italian travel management scaleup BizAway ranked 1st in the Travel & Hospitality sector and in the 29th position overall in the Financial Times and Statista’s annual ranking of the 1,000 fastest-growing companies in Europe.

BizAway reported 237.1 percent growth between 2020 and 2023, marking yet another significant milestone for the Italian company.

Co-founder and chief executive Luca Carlucci remarked: “We are delighted with this important result and our aim is to continue our commitment to constant evolution at a business level for the company, but above all for the companies that place their trust in our services every day. We want to consolidate our presence in the business travel sector, both nationally and internationally, while maintaining the level of excellence that distinguishes us.” 

Beyond achievement

While this result is a recognition of great corporate work at BizAway, it is also proof that the travel and hospitality market in Europe continues to expand.

Indeed, business travel is set to grow significantly in 2025, with 40 percent of companies expecting an increase between June and July and 42 percent allocating more resources than they did in the past year.

The Global Business Travel Association also reported also that 86 percent of buyers and suppliers performed at or above expectations in 2024, and 67 percent of sectoral professionals expressed optimism regarding growth this year. 

Furthermore, 52 percent of buyers expect corporate travel budgets to increase.

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