Upside Travel
| ISIN | 🆔 |
|---|---|
| Founded 📆 | January 2017 in Washington, D.C. |
| Founder 👔 | Jay S. Walker |
Area served 🗺️ | |
| Members | |
Number of employees | |
| 🌐 Website | upside |
| 📇 Address | |
| 📞 telephone | |
Upside Travel is an American travel company for business booking.
History[edit]
The company was founded by Jay S. Walker, who had previously founded Priceline.com.[1] Based in Washington, D.C.,[2] Upside was launched in January 2017, and was used by ten thousand companies over its first year.[3] The company received $50 million in its first round of funding,[4] reaching a valuation of $200 million.[5][6] In the Summer of 2017, the company pivoted from package and gift card rewards to en route servicing.[7]
Platform[edit]
The platform is used by those engaging in business travel, in order to compile accommodations and transportation arrangements.[8] Packages are rated by the site, and search results can be refined by user-generated search parameters.[9] The company has named its platform a “flexibility engine”, which scores and analyzes the entire travel industry’s available options every twenty-four hours.[10] It is designed for use by employees of small and medium sized businesses.[11]
The platform is used by employees themselves instead of travel managers to create individual travel plans. In addition to their travel, users are given a retail gift card.[3][12][13] The gift cards are intended to try to convince employees booking their own travel to reduce the cost of their travel plans to their employers, by providing a portion of the savings to the employee themselves (via the card).[14][15]
In 2017 Upside further launched The Wall Street Journal Business Travel Service, which is a travel planning service available to subscribers to The Wall Street Journal as well as the public.[16]
References[edit]
- ↑ Brady, Ryan Craggs,Paul. "5 Clever Ways to Score a Hotel Deal". CN Traveler.
- ↑ "Priceline founder's DC-based travel site makes public debut". WTOP. 16 January 2017.
- ↑ 3.0 3.1 Gorce, Tammy La (28 August 2017). "Business Trip or Vacation? Travel Start-Ups Try to Blur the Line". The New York Times.
- ↑ "Skift's Most Interesting Corporate Travel Startups 2017". Skift. 22 March 2017.
- ↑ "Priceline Founder Raises $50 Million for New Venture". Bloomberg. 16 January 2017.
- ↑ "Upside's Big Valuation Shows Hunger for Biz Travel Tech". Skift. 19 January 2017.
- ↑ https://www.thecompanydime.com/upside-travel-bcd/
- ↑ "Paging Frugal Business Travelers: A New Perk". Wall Street Journal.
- ↑ http://webreprints.djreprints.com/4153770514461.html
- ↑ Reiss, Robert. "The Five CEOs Who Are Reinventing Industry Through Digital". Forbes.
- ↑ Gardner, Terry. "Here's the upside for business — and leisure travelers: A new site saves you money and rewards you with gift cards for doing so". latimes.com. Los Angeles Times.
- ↑ Koenig, David. "Get ready for busy travel season; airlines could set record". Chicago Tribune.
- ↑ Hobica, George (3 March 2017). "Here's a new travel booking site you REALLY haven't heard of yet". HuffPost.
- ↑ "The Man Who Told Leisure Travelers to 'Name Your Price' Would Like a Word With Business Travelers". Fortune.
- ↑ "Tech Tools for Entrepreneurs". KTLA. 29 November 2017.
- ↑ Gill, Rob (December 5, 2017). "Upside looks beyond US business travellers following WSJ deal". Phocuswire.
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