Event: 2021 Phocuswright Conference
Product: reTravel
HQ: Tel Aviv, Israel
Principal(s): Revital Kristal, Nir Gurevich
Funding: Self-funded company
Product Description: reTravel is a next-gen marketplace that allows travel companies and content providers to connect through a single platform, offering their travelers relevant ancillaries at the right moment in their journey.
Our self-driving cross-selling and upselling technology, increases attachment rate, revenue and travelers' loyalty, with a 10 minute onboarding process where you simply choose a theme and content providers.
We make AI and Machine Learning accessible and affordable to everyone in the travel industry.
Business Model: Mainly based on revenue sharing (between reTravel and the travel company) on every successful cross-sell or upsell done through a reTravel engagement.
Competitors: Retention marketing and customer data platforms that are not designed for the travel Industry. Tools developed by in-house R&D and data teams.
Competitive Edge: A fully autonomous, end-to-end solution, that matches between ANY travel related product or service and your travelers.
We leverage AI and ML models built on anonymized shared datasets, external sources, and marketing tactics (self-optimizing campaigns, etc.) to determine when, what, and how to engage the traveler.
Market Opportunity: In this post-COVID world, the travel industry is in search of new ways to optimize and increase revenue and loyalty while lowering operational costs to a minimum.
ML and AI are commodity, online booking is mainstream and every type of ancillary is now available through an API.
reTravel is offering a success-based business model for its simple, yet powerful solution with out-of-the-box integrations.
Connect with reTravel and it will sell the right products and services your travelers want and need.
Early Customers: OTAs and TMCs in Europe and US
Contact: Revital Kristal, CEO; revital@retravel.io
