Digital

Rocketrip Rewards Business Travelers That Help Companies Save Money

@SamShankman

Nov 19, 2013 1:41 pm

Skift Take

Along with the proliferation of travel booking sites and deals, more business travelers are going rogue and rejecting corporate travel portals. Incentives are needed on a corporate level so both parties continue to work together.

— Samantha Shankman

The Future of Meetings in the Hospitality Industry

Rocketrip, an incentives-based platform that encourages business travelers to trim travel costs, launched its beta service today for companies with up to 750 employees. The startup incentivizes business travelers to spend within company travel budgets by rewarding them with a percentage of the savings.

Rocketrip also announced a seed round of $575,000 from Genacast Ventures, friends, and family that closed in May 2013.

Business travelers are given a budget calculated by Rocketrip’s Smart Budget algorithm that considers a corporation’s travel policy, real-time trip pricing, and available inventory.

Travelers are then able to book airfares, hotels, and rental cars on preferred independent travel sites. Employees are rewarded with Rocketrip points, which can redeemed for cash or gift cards, every time they find better-than expected-fares.

Corporations with stiff travel management systems can use the platform to give travelers flexibility and gain greater control of customer booking behavior. Rocketrip’s platform be used as a standalone platform or integrated into existing corporate portals making it a viable solution for large companies.

The launch is timed to coordinate with the PhoCusWright Conference currently underway in Florida.

Tags:

Follow @SamShankman

More on Skift

Airlines Shouldn’t Count on Millennial Travelers to Pay for In-Flight Wi-Fi
Interview: Marriott’s Travel Brilliantly Campaign Looks to the Wisdom of the Crowds
Daily Travel Startup Watch: Tribearound, SpaceHitch and More
How to Find the ‘Holistic Traveler’ Trapped in Your Data

We're the Moneyball of the Travel Industry

We know what's coming next in travel. Subscribe to the newsletter and get all the goodness in your inbox daily.