NEW YORK, Aug. 8, 2016 /PRNewswire/ -- Rocketrip, the leading tech platform for reducing corporate travel costs, announced the launch of Rocketrip Copilot, a feature that rewards administrative assistants for booking travel under budget. When admins book itineraries on behalf of other employees, they can earn a percentage of the savings they achieve. Copilot is designed to suit the needs of large enterprises and Fortune 500 companies in which admins book travel on behalf of executives.
Rocketrip motivates business travelers to save money on trips by rewarding them with points that can be redeemed for gift cards and merchandise, charitable contributions, travel benefits, and other rewards. Copilot extends these incentives to the admins who book their colleagues' travel and are responsible for finding cost-effective options. For each itinerary, admins generate a customized "Budget to Beat" based on real-time prices for flights, hotels, trains, and rental cars. When they book under budget, Copilot awards them a percentage of the savings.
"Given that a significant volume of trips booked by our Fortune 500 clients are booked by administrative assistants, they asked if Rocketrip could reward admins for saving the company money. Copilot is our answer," said Dan Ruch, CEO of Rocketrip. "Just like other users, Copilots can see their potential savings and rewards for each trip, in real-time, as they put together an itinerary. With Copilot, everyone's interests are aligned, including the company's, the employee's, and the admin's."
Rocketrip users who book their own trips typically split travel savings 50-50 with their employers. With Copilot activated, a company can set a reward rate for admins – usually 10 to 20 percent of the total savings. By motivating travelers, and now admins, to identify savings opportunities, Rocketrip reduces its clients' average trip cost by 30 percent.
Rocketrip is the leading technology platform for reducing corporate travel expenses. By letting employees keep half of what they save on their business trips, Rocketrip motivates responsible spending. The platform's algorithms integrate a company's travel policy with real-time trip pricing and availability to create a personalized "Budget to Beat" for each trip. Employees book using their favorite travel websites or a travel management company, and Rocketrip provides employers with insights and analytics on company spending, savings and employee travel behavior.
Rocketrip is based in New York City and has received funding from Bessemer Venture Partners, Canaan Partners, Genacast Ventures, Crunchfund, Y Combinator, and angel investors.
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