"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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