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Roamr is a corporate travel platform that helps companies save 30% on corporate travel accommodation by paying employees instead of hotels. When a team member is travelling for work they can stay with a friend or colleague and we redistribute the hotel budget so everyone wins.
The Problem Is Corporate Travel Costs Are Insanely High
Corporate Travel is extremely expensive nowadays with hotels rising year on year. In 2024 the average hotel price hit $533 for corporate bookings (Navan 2024).
Many Corporate Travel Management platforms make the claim of banking 10-20% savings using their service. In reality, the evidence of them doing so lacks transparency.
The typical promise is that they leverage a high volume of hotel bookings through their platforms they negotiate certain rates on your behalf. The reality however, is that those platforms make their margin based on the hotel price (5-10% typically). So the incentives are misaligned where, the higher you pay the better for them.
With Roamr, what we do is very different.
We take the price you would have spent on the alternative accommodation and we use that as the price to beat. We consider it to be 100% and we redistribute that number such that the company saves 30% right off the top.
Your outlay is always 70% of your alternative.
How that is set up on the system is dependent on your company’s current approach. We’ve built that optionality so that we can lock in that 30% savings.
1. Budget Setting
Many of our customers will have a corporate travel management platform for booking hotels and flights. Some will have rules set up with nightly limits based on the employees seniority or the location.
With Roamr, we can set rates based on country, city or even specific areas e.g. Downtown Manhattan vs New York City. That set rate becomes the price that gets divided.
2. 70% Market Pricing
With our Market Pricing we pull price data from available sources and set corporate travel parameters in our algorithm using AI to ensure we find accurate alternative pricing. We then take that average price and reduce it again by 30%.
Some companies opt for a blended approach where they will have frequent travel locations that they know typical nightly rates and thus set a budget and beyond that they can opt for market pricing.
Reducing The Impact Of Market Demand Volatility
One of the biggest benefits of employees using Roamr for their company is that we can reduce impact caused by spikes in demand. The Taylor Swift Effect (a real thing) where cities are booked out of hotels such that remaining prices are borderline extortionate, could be avoided with Roamr if we have set up rates and incentives on the admin side of the product.
Example: Dublin trip with spike in demand
You set a Dublin City policy limit of $350. The average price on the dates in question are impacted by large events such that the alternative is $550. The employee travelling will still be earning a sizeable incentive for staying with a friend or colleague based on the city limit ($350x30%=$105).
To the employee travelling, they are excited to stay with a friend and get paid $105 per night & help their friend earn $105/night. It doesn’t matter if the hotel alternative was $400 or $600 because everyone is already incentivised and winning.
With Roamr you save every single time.
Rates are transparent clearly showing 30% savings to the company and incentives for everyone are meaningful and clear.
How Roamr Rates can be set:
- Budget Setting
- Market Pricing (70% vs alternative)
Get in touch to learn more or to take a look at the product.
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