In 2017 we set out to define Incentivized Behavioral Change within the corporate travel industry and over the past year, we saw many of the world's leading organizations adopt this employee-centric philosophy for managing costs.
As we reflect on the past year, we wanted to thank everyone who's been part of the incredible milestones we've achieved, and we're looking forward to another great year at Rocketrip. To see what we've been up to, you can read our full announcement below.
Rocketrip Saves Companies $208 Per Business Trip and More Than Doubles Enterprise Customer Base
Rocketrip's Incentivized Behavioral Change platform brings in Fortune 500 and Global 500 companies eager to reduce business travel costs
NEW YORK—February 1, 2018—Rocketrip today released data showing how its Incentivized Behavioral Change platform reduced corporate travel costs in 2017. Compared to 2016, Rocketrip’s new data represents more than twice as many enterprises including members of the Fortune 500 and Global 500. By rewarding employees who spend less on travel, Rocketrip customers saved an average of $208 per business trip. The results demonstrate that Incentivized Behavioral Change scales to the world’s largest organizations.
Rocketrip helps companies reduce travel costs by rewarding employees who save money when booking business travel. The platform creates a personalized "Budget to Beat" for each trip based on a company's travel policy, negotiated rates, and real-time market inventory. Travelers who book under this predicted budget earn a share of the savings they generate.
In 2017, Rocketrip more than doubled its enterprise customers and partnered with the business world’s preferred travel vendors to provide a fully integrated experience. Today, Rocketrip’s partner ecosystem features over 50 companies spanning travel management, booking, metasearch, GDS, expense management, and rewards. New travel management partners include ALTOUR, Carlson Wagonlit Travel (CWT), Direct Travel, Hogg Robinson Group (HRG), and Travel Leaders.
Rocketrip customers saved an average of $208 per trip in 2017. Three tactics were especially effective:
- Flying coach rather than business class saved an average of $2,682 per round-trip flight
- Taking a low-cost carrier saved an average of $301 per round-trip flight
- Staying with friends or family saved an average of $261 per night.
Two new features made it easier for Rocketrip users to save money. First, Rocketrip’s booking tool integration provides a seamless user experience inside all major online booking tools. Users can now see how many Rocketrip Points they would earn for choosing different travel options directly within their booking tool. Second, Rocketrip made it easier to track and locate employees by introducing a duty of care integration with International SOS. Thanks to this integration, more Rocketrip customers welcome their employees to stay with friends and family as a cost-saving tactic.
Rocketrip’s innovation and success garnered several honors in 2017. Recently, Rocketrip joined the Entrepreneur360 list of the "Best Entrepreneurial Companies in America." In addition, PayStream Advisors named Rocketrip its Innovative Travel and Expense Technology of the Year. The company was also named Concur App Center Partner of the Year—Innovation and ranked among Crain’s 100 Best Places to Work in New York City for the second year in a row.
Rocketrip reduces business travel costs by aligning employee and employer interests. The platform produces custom trip budgets for employees and motivates them to spend less by letting them keep half of what they save. As the global leader in Incentivized Behavioral Change, Rocketrip inspires thoughtful spending by giving employees a stake in their company's bottom line. It’s a win-win approach trusted by clients including Pandora, ServiceNow, and Twitter.
Founded in 2013 and headquartered in New York City, Rocketrip's investors include Bessemer Venture Partners, Canaan Partners, Genacast Ventures, and Y Combinator. For more information, visit www.rocketrip.com.