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“Price To Beat” From Rocketrip is Latest Innovation Designed to Help Companies Engage & Empower Employees When Traveling for Business

November 29, 2018

NEW YORK--(BUSINESS WIRE)--Nov 29, 2018--Rocketrip, the leading employee engagement platform for reducing business travel spending, today introduced “Price to Beat” to its enterprise clients. Rocketrip is a leader in the corporate travel category and has significantly invested in improvements to their platform like this one over the last 12 months. Rocketrip has been embraced by modern enterprises seeking to create cultures of empowerment because of the company’s unique ability to incentivize employees to make choices that ultimately save their company money.

Rocketrip’s “Price to Beat” encourages employees to earn rewards by making outstanding cost-conscious choices when they travel for business. Rather than emphasizing the company’s budget, this new product positioning focuses on how employees can earn value to invest in what matters most to them by voluntarily choosing to book less expensive flights and hotels when they travel for business. The “Price to Beat” displays inside a client’s existing online booking tool and provides a traveler with a fun and engaging way to book travel. If an employee books travel at a cost below the “Price to Beat”, they are rewarded with up to 50% of the savings.

This new positioning comes on the heels of Rocketrip’s $15 million funding round led by GV earlier this year. Rocketrip is already used by hundreds of companies -- including ServiceNow, Feld Entertainment, and Twitter -- to foster workplace cultures of empowerment and recognition. An average employee using Rocketrip earns rewards in excess of $200 per trip through various changes in behavior including downgrading from business class to coach, staying in lower star class hotels, and staying with friends or family. Companies using Rocketrip save anywhere from 15-30% on their annual travel budgets.

“As our enterprise clients look for new ways to recruit, retain, and motivate their teams, Rocketrip is at the cutting-edge of using innovative technology to empower employees while also reducing costs,” said Rocketrip Founder and CEO Dan Ruch. “Rocketrip engages and rewards employees by allowing them to make their own choices regarding what matters most to them.”

Rocketrip previously called this experience “Budget to Beat” and is repositioning the concept as “Price to Beat” to emphasize an employee-centric focus. Some common examples of how employees use Rocketrip rewards include:

Supporting a cause or charity of their choice Taking a family vacation Upcoming holiday shopping Team activities Recognition and reward for another team members’ contributions

Rocketrip requires no change to existing enterprise travel technology, and functions within a company’s existing travel program, integrating seamlessly with online booking tools and expense management platforms.

ABOUT ROCKETRIP

Rocketrip helps build great company cultures by rewarding employees for making extraordinary decisions when they travel for business. The company surrounds best-in-class enterprise travel programs with a positive vibe: employees are in control and empowered to make decisions that are best for them and companies start saving serious cash while engaging employees in a whole new way. Clients include ServiceNow, Feld Entertainment, and Twitter.

Founded in 2013 and headquartered in New York City, Rocketrip’s investors include Bessemer Venture Partners, Canaan Partners, Genacast Ventures, GV, and Y Combinator. For more information, visit www.rocketrip.com.

View source version on businesswire.com:https://www.businesswire.com/news/home/20181129005136/en/

CONTACT: Zoe Tobin

zoe@goldin.com

212-319-3451, ext. 642

KEYWORD: UNITED STATES NORTH AMERICA NEW YORK

INDUSTRY KEYWORD: TRAVEL DESTINATIONS VACATION OTHER TRAVEL PROFESSIONAL SERVICES CONSULTING

SOURCE: Rocketrip

Copyright Business Wire 2018.

PUB: 11/29/2018 09:00 AM/DISC: 11/29/2018 09:01 AM

http://www.businesswire.com/news/home/20181129005136/en

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