Headquarters: Tulsa, Oklahoma
CEO: Darrien Watson
Website: SquadTrip
Founding date: 2022
Investment: $1.6 million
SquadTrip’s B2B software-as-a-service helps travel agents
save time managing group with an all-in-one marketing, booking and payment
platform.
PhocusWire coverage
Strategic goals for 2024
As we
set our sights on 2024, SquadTrip remains resolute in its mission to simplify
and elevate the group travel booking experience in a space growing 18%
annually. Our foremost objective is to introduce a white-label group booking
solution, tailored to meet the specific needs of enterprise clients, cruises,
and hotels. This groundbreaking solution will empower businesses to seamlessly
manage group travel arrangements, ensuring a hassle-free booking process for
their customers.
Additionally,
SquadTrip is committed to connecting the entire group travel booking workflow.
From sourcing reputable vendors to harnessing the power of AI for itinerary
creation, we are dedicated to creating a comprehensive ecosystem that
simplifies every aspect of group travel planning. Through ongoing innovation
and an unwavering focus on user-centric solutions, we are determined to
redefine the group travel industry and provide unmatched value to our clients
and partners in 2024 and beyond.
Lessons learned since founding
Since founding SquadTrip, I've had the privilege of learning
valuable lessons that have shaped our journey. One key insight is that the
demand for simplifying and enhancing the group travel booking experience
extends beyond consumers. Online travel agencies, traditional travel agencies, hotels and cruise
lines are equally eager to streamline this process for their customers. This
revelation has guided our mission to provide a comprehensive solution that
benefits not only travelers but also industry partners.
Furthermore, I've observed the emergence of a dynamic new
generation of "travelpreneurs" who are actively building innovative travel
brands. These entrepreneurs bring fresh perspectives and ideas to the market,
driving us to continually innovate and adapt to the evolving landscape of group
travel. SquadTrip is committed to supporting and collaborating with this new
wave of travel enthusiasts as we collectively work to reshape the future of
group travel booking.
Additionally, it's worth noting that while discretionary
spending in some areas may be down, travel spending is on the rise. People are
increasingly interested in paying for their trips in installments, even if it
means paying a premium, as they prefer alternatives to traditional credit
options like Afterpay and Klarna. This trend underscores the importance of
flexible payment solutions in the travel industry, a facet we are actively
addressing at SquadTrip to meet the evolving needs of travelers and partners
alike.