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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 travelers incentive rewards for cost-saving booking behavior. Terms of the acquisition were not disclosed.
"Aligning the needs of travelers 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 midsize 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 integrationwith 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 travelers.
"Rocketrip has transformed behavior in even the most mature travel programs, showing the need for disruption in the business travel space," said Mondee CEO Prasad Gundumogula.
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