Corporate travel savings and incentive specialist Rocketrip
has been acquired by Mondee Holdings, which will use Rocketrip's platform to
accelerate its growth in corporate travel – a sector in which Mondee
"continues to see significant opportunity investment [and] disruptive
innovation," according to the company, which also is active in the leisure
vertical.
Mondee – a consortium of travel technology, service and
content providers including airfare wholesalers – said it will use its global
presence and apply its own travel technology capabilities to bolster
Rocketrip's service, which provides travellers incentive rewards for
cost-saving booking behaviour. Terms of the acquisition were not disclosed.
"Aligning the needs of travellers with the company is
no longer an option but a necessity in this new travel environment,"
Rocketrip founder and CEO Dan Ruch said in a statement. "By leveraging
Mondee's technology experience and global infrastructure, we will be able to
scale Rocketrip's reach like never before."
Founded in 2013 with a focus on small and mid-size corporate
clients, Rocketrip in recent years has expanded its target market to include
larger and enterprise-level clients. In 2019, the company rolled out an
integration with Sabre's GetThere booking platform and launched a new
recommendation tool that identifies the most cost-effective, convenient and
relevant flight and hotel itineraries to present to travellers.
"Rocketrip has transformed behaviour in even the most
mature travel programmes, showing the need for disruption in the business
travel space," said Mondee CEO Prasad Gundumogula.