Avi Meir, founder and CEO of TravelPerk, explains TravelPerk's business model to Nathan Latka, noting that the platform does not charge subscription fees.
0:00 / 0:03exact quote · 3.5s
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“We are the only free platform, the only free solution in business travel.”
quote is from the automated transcript, cleaned for reading:
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More from Avi Meir
AssertionNot checkable as stated
Meir: TravelPerk has the world's largest bookable inventory
“One is we have the biggest bookable inventory in the world. So we did some really cool hacks, technically, that allow us to sell Every flight, every hotel in the best prices you can find online or offline also.”
Avi MeirOct 12, 2018▶ 13:491175 He'll Process $100m in Business Travel This Year
AssertionNot checkable as stated
Meir: TravelPerk is growing GMV 10x year-over-year
“We're doing 10 X year and year at the moment.”
Avi MeirOct 12, 2018▶ 10:491175 He'll Process $100m in Business Travel This Year
AssertionContradicted
Meir: 70% to 80% of Booking.com staff work in customer support
“Booking.com out of you know, a lot, many thousands of full-time employees, around 70 or 80% of them are in customer support.”
Avi MeirOct 12, 2018▶ 15:441175 He'll Process $100m in Business Travel This Year
AssertionSupported
Meir: Hotels typically pay 15% to 20% booking commissions
“Hotels would typically pay 15 to 20%.”
Avi MeirOct 12, 2018▶ 3:251175 He'll Process $100m in Business Travel This Year
AssertionPartly supported
Meir: Business travel equals leisure travel globally at $1.5 trillion
“Then you turn your look to business travel, which is the same size of leisure, right? So there are roughly fifty-fifty of the total market globally. And then you have a 1.5 trillion problem that nobody's trying to solve”
Avi MeirOct 12, 2018▶ 6:511175 He'll Process $100m in Business Travel This Year
Disclosure
Meir: TravelPerk has raised over $30 million through Series B
“Yeah, a bit more than 30, yeah.”
Avi MeirOct 12, 2018▶ 8:281175 He'll Process $100m in Business Travel This Year
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