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

NEW YORK–(BUSINESS WIRE)–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.

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