You can think of it as the Navan impact. Perk hired bankers last year to explore an IPO, but hasn’t yet filed to go public. Market conditions deteriorated and it saw rival Navan’s rocky debut in the public markets.
Perk said it’s in no hurry to IPO, but the travel management company would undoubtably like to play in the big leagues. The wait is on.
Skift Aviation Forum
The leaders setting the direction of global air travel gather for one day in New York.
Luis Gallego of IAG, David Neeleman of Breeze Airways, and John Ackerman of Los Angeles World Airports headline the sixth annual forum at the TWA Hotel, JFK, for the conversations that set the agenda on profitability, capacity, and AI.
SHEERID + SKIFT
Airlines know what travelers buy. Understanding who they are could unlock more relevant offers and stronger long-term relationships.
EDITOR’S PICKS
Perk Is in No Rush to IPO as Revenue Nears $400 Million
by Sean O'Neill
August 10, 2026
Perk, the travel management tech company, says it can wait on an IPO as long as it keeps growing near 50% a year without burning cash. The choppy market debut of Navan, its closest rival, hints at one reason for its patience.
Gen Z Business Travelers Are Anxious, and Brands Aren’t Helping
by Lindsey Roeschke
August 7, 2026
Gen Z business travelers are anxious and uncertain, navigating booking systems and policies built for a different generation. What they want isn't more technology — it's clarity, guidance and a little reassurance along the way.
Reach corporate travel decision-makers and position your brand at the center of the business travel conversation by sponsoring Skift’s new report, The New Corporate Travel Landscape. Learn more today.
SKIFT PODCAST NETWORK
From record-breaking heat in Europe to beaches covered in sargassum in Mexico, hotels are facing climate challenges that directly affect operations and guest experience. Sarah Kopit and Seth Borko discuss how the industry is adapting and why climate has become a business issue instead of a future concern.
SKIFT TRAVEL 200
How are public travel companies performing around the world? The Skift Travel 200 pulls the data you need to know to understand the market. Paid subscribers get full access here.
