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Traxo and Rocketrip Bring “Price-to-Beat” Corporate Travel Budget Incentives to Supplier-Direct and Third-Party Bookings

April 8, 2019

CHICAGO--(BUSINESS WIRE)--Apr 8, 2019--Dallas-based Traxo, the leader in travel data aggregation and itinerary intelligence, and Rocketrip, the leading employee engagement platform for business travel, announced today at the ACTE Global Summit in Chicago a partnership to bring corporate travel budget incentives to previously unmanaged off-channel bookings. The partnership will allow Rocketrip clients to optimize their travel spend by applying “Price to Beat” incentives to bookings made outside of a traditional travel management company (TMC) or online booking tool (OBT).

“Partnering with Traxo gives Rocketrip the opportunity to bring corporate travel incentives to bookings from ANY channel, including supplier direct and OTAs,” said Rocketrip Founder and CEO Dan Ruch. “Bringing these previously ‘invisible’ bookings into the Rocketrip platform will give companies greater assurance that employees will make smart decisions on their business travel purchases, while simultaneously giving employees more flexibility on where to book.”

Rocketrip helps companies reduce travel costs by rewarding employees who save on business travel. For every dollar saved when booking trips, employees keep a portion of that savings to spend on an array of rewards, prizes, and experiences ranging from family vacations to home improvements to a day at the spa. By motivating employees to spend less on their flights, hotels, trains, and rental cars, Rocketrip clients have seen savings of over $200 on the average business trip.

“We’re thrilled to add an innovative partner like Rocketrip to our Traxo CONNECT marketplace because of the tangible value they provide to corporate clients by incenting budget-friendly purchase decisions,” said Traxo Chief Commercial Officer Cara Whitehill. “This approach makes it easier for companies to offer more employee-friendly travel options because they still get the same budget management capabilities even if travelers book outside the managed program.”

Once live, Rocketrip clients who use the service via their TMC will be able to sign up for Traxo CONNECT to automatically capture non-TMC booking details and sync them to Rocketrip for post-transaction budget tracking and behavioral change incentives. If a trip exceeds the “Price to Beat,” Rocketrip will automatically notify the employee and encourage them to rebook a more budget-friendly option. Existing Traxo CONNECT clients will be able to sign up with Rocketrip and authorize their company’s booking data to be automatically synced with Rocketrip via Traxo for real-time reporting and benchmarking.

“Enterprise clients who struggle to enforce compliance will now have a new tool to promote responsible spending habits and to track costs, even among employees who book outside the online booking tools (OBTs),” noted Whitehill. “Employees will be happier with the booking flexibility, travel managers will be happier with the consolidated data visibility, and CFOs will be happier with the cost savings.”

For more information, visit the Traxo and Rocketrip booths at InterACTE, at the ACTE Global Summit in Chicago April 8-9, 2019.

ABOUT TRAXO:

Dallas, Texas-based Traxo, Inc. provides itinerary intelligence and travel data aggregation technology solutions to clients across the travel ecosystem. With its industry-leading data aggregation platform, Traxo empowers corporate travel and procurement organizations, travel management companies (TMCs), expense management applications and risk management services to comprehensively track and manage total corporate travel spend activity from end-to-end, regardless of booking channel. With its API-based services, private-label email parsing and data normalization solutions, Traxo provides its clients with the most robust suite of travel data aggregation services on the market. For more information, visit http://www.traxo.com.

ABOUT ROCKETRIP:

Rocketrip helps build great company cultures by inspiring and 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.

View source version on businesswire.com:https://www.businesswire.com/news/home/20190408005740/en/

CONTACT: TRAXO

Karin Wacaser

KW@karinwacaser.com

(214) 215-8605

ROCKETRIP

Steve Zucker

steve.zucker@rocketrip.com

(646) 880-4934

KEYWORD: UNITED STATES NORTH AMERICA ILLINOIS TEXAS

INDUSTRY KEYWORD: TECHNOLOGY DATA MANAGEMENT SOFTWARE TRANSPORT AIR TRAVEL OTHER TRAVEL PROFESSIONAL SERVICES HUMAN RESOURCES

SOURCE: Traxo and Rocketrip

Copyright Business Wire 2019.

PUB: 04/08/2019 02:30 PM/DISC: 04/08/2019 02:32 PM

http://www.businesswire.com/news/home/20190408005740/en