TravelPerk Introduces FlexiPerk

Following the completion of its $104m Series C round, TravelPerk , “Europe’s fastest growing online travel management platform,” is introducing FlexiPerk, a “ground-breaking new product” that gives business travelers the flexibility to cancel and get a refund on any booking – hotel, trains, Airbnb, cars, and flights at any time, for any reason.

According to TravelPerk’s data, more than 20% of business trips are subsequently postponed, rearranged, or cancelled. With the FlexiPerk program, travelers add a 10% fee to their booking upfront to receive a guaranteed minimum 90% refund on any cancelled booking.

“We believe that the launch of FlexiPerk is the biggest development in the business travel industry in more than a decade. It marks a change in the status quo of business travel’s pricing structure – and is a key development in our long-term strategy, which is focused on not just playing catch up with the flexibility and convenience of consumer travel – but actually surpassing it. We are delighted with the feedback from early customers and are excited to be bringing FlexiPerk to the wider market as part of our mission to make every stage of business travel as seamless as possible.” – TravelPerk’s cofounder and CEO Avi Meir.

“At Picnic, we’re growing really fast and have a truly international team with people flying in from around the world. But growing so quickly means plans change all the time. Before FlexiPerk, we had to either pay expensive changeable fares or go through the headache of getting refunds from airlines. Now we can book anything with the peace of mind that we’ll get our money back if plans change.” – Elise Baeriswyl, People Associate at Picnic.