Event: 2023 Phocuswright Europe
Product: TRVLR (a.k.a. “TRVLR PAY”)
HQ: Santa Barbara, CA U.S.
Principal(s): Nicolas Peluffo, CEO; Phillip Harnsberger, CTO
Funding: $660k Pre-Seed
Product Description: Designed for travel advisors, our hotel booking platform integrates modern payment technology delivering unmatched transparency and speed. Commission settlements are up to 10X faster, travelers are safe and secure, and hotels see increased revenue in several different ways.
Business Model: Transaction based, 1% of room rates, evenly split between buyers and sellers.
Competitors: Onyx Central
Competitive Edge: Performance: our innovative technology combines booking, payment and commission settlement, at 100% collection rate, in a week or less, automatically. Consider the status-quo: 3 separate platforms, over 20% commission losses and 90 days average settlement through cumbersome manual processes.
Market Opportunity: $300Bn in hotel bookings are expected to be generated by Travel Agencies and OTAs in 2023.
Early Customers: In just 3 months, our customer base is already in 6 countries (and counting). Our initial customers are independent luxury hotels and the travel agencies that sell those hotels.
