Event: 2019 Phocuswright Conference
Product: TroopTravel
Category: Emerging Company
HQ: Villanueva del Pardillo, Spain
Principal(s): Dennis Vilovic, Founder; Leonard Cremer, Founder
Funding: Raised $500K
Product Description: Award-winning corporate group travel, meetings and events planning platform. 100 travelers - 15 origins - Where do we meet? How does your company decide on WHERE to meet? Using opinions or data? We use Big Data to help meeting planners to make informed decisions when planning corporate group travel, meetings or events. We connect thousands of data points, helping to identify cost savings, reduce time and increasing accountability.
Business Model: Software license fee and marketplace commissions
Competitors: No direct competition yet; closest competition includes potentially Cvent, and travel management companies (TMCs).
Competitive Edge: What others try to do manually, we use Big Data for. We optimize corporate meetings and events planning by connecting thousands of data points around travel cost, ease of travel, visa needs, security, VAT refund, local holidays, carbon footprint, and more. We save our customers money and time.
Market Opportunity: Meetings and events travel accounts for 54% of corporate travel. The market is expected to grow by 7.5% CAGR from $895B in 2019 to $1.245B in 2023.
Early Customers: Several Fortune 100 and 500 companies
Contact: Dennis Vilovic, Founder; dennis@trooptravel.com; +34 645 66 78 31
