Triprebel, the Hamburg travel start-up by Carlos Borges and Gernot Supp, is getting increasingly successful. Last autumn, the young company secured a media budget of 100,000 euro at Reeperbahn Festival’s pitch. On 13 January 2015, they convinced the jury of the Pre-Pitch at betahaus with their price comparison platform for booking hotels, making them one of three start-ups to represent Hamburg at SXSW in Austin/Texas in March.
Hotel Comparison With Price Comparison Tool
When booking a room via TripRebel.com, one starts by selecting a hotel from a wide choice of accommodation offers and book a room. So far, that’s not new. Trip Rebel’s innovative business model only starts after the booking with an algorithm that will check any price chance for the room taking place after the initial booking click. When prices are rising, the algorithm will ignore the trend. But when prices are falling, a user will be automatically granted the discount. Thus, users will get a refund on the difference each time the price of their hotel room is reduced. “Our clever algorithm guarantees transparent and fair hotel prices” claims TripRebel. This new approach has been made possible by the booking and cancellation policy of the hotel industry. TripRebel uses a “legal loophole” , says founder Carlos Borges. Meanwhile, the business idea of TripRebel scene has established itself successfully in Hamburg’s start-up scene.
Travel Planner And Consultancy
According to TripRebel, users spend some five hours in searching a hotel with a price that is convenient for them. Offering both a time saver and an average discount of 20 per cent without additional costs for customers TripRebel want to establish and expand itself as a service platform that allows customers to save time and money. “We would like to expand TripRebel into an intelligent booking platform, a virtual trip advisor for customers that helps to make planning and travel as comfortable and productive as possible”, thus the founders’s vision.
With a background in marketing and tourism industry as well as in neuroscience, Carlos Borges and Gernot Supp’s company is now at home at HafenCity, where five full-time employees and freelancers are working in expanding the business. Currently financially supported by business angels, TripRebel’s service come free of charge for customers, with money only being generated by hotel provisions.
By pitching in the U.S., the start-up thus will, on the one hand, have the opportunity to showcase the creativity and entrepreneurial spirit of the Hanseatic city, on the other hand have the chance of meeting international investors and inspiring them with their idea, and thus to expand their platform continuously. Says Borges: “In Germany, the U.S. are still being considered as the promised land to start-ups, and a pitch in America could mean the international breakthrough for us.”