Going global, Rocketrip rewards compliance with corporate travel policy

Rocketrip, a website that gives a company’s employees monetary rewards for cutting costs on business travel, is optimising itself for a global audience.

The New York startup challenges employees to stay within corporate travel policies. Employees get a share of the savings when they book under budget.

For example, an employee who saves $200 on travel would earn enough reward points for $100 worth of merchandise from well-known retailers such as Amazon, Best Buy, Bloomingdales, and J Crew.

Rewards options vary globally. In Europe, examples include Marks & Spencer, Bol.com, Buch.de, and iTunes.

The startup claims that its customers, including the companies Opower, ShareThis, and Elite SEM, have saved an average of $238 per trip during the first three months of 2015.

Global travel can make arrival times, multi-destination hotel booking and currency conversion tricky. To make its trip-planning tools more friendly for international and multi-stop itineraries, Rocketrip has rolled out a few fixes:

  1. Employees can now sort flights by ones that will arrive by a specific time, as an alternative to sorting by departure time.
  2. Users can now generate a budget in any of 165 currencies.
  3. The site now enables multi-hotel bookings, something it says its competitors can’t.rocketrip

 

The company has raised $6.2 million to date from received funding from Canaan Partners, Genacast Ventures, Crunchfund, Y Combinator, and others.

Startup pitch: Rocketrip wants to remove travel management friction

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Sean O'Neill

About the Writer :: Sean O'Neill

Sean O’Neill had roles as a reporter and editor-in-chief at Tnooz between July 2012 and January 2017.

 

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