Corporations overspend in business travel. Incentives between employees (maximize comfort) and employers (save costs) are misaligned. Our cost-efficient benchmark price (PriceToBeat) for any given itinerary tackles this problem. Employees who outperform this PriceToBeat receive a 50% cashback of the saved costs.
Behind Twhiz is a team of three Ph.D. candidates from the University of St. Gallen (HSG) with backgrounds in finance, economics, and information systems. Traveling has been an essential part of our former roles at SAP, HSG, and the European Central Bank. Thus, we became aware of significant incentive problems between business travelers and their employers. By means of our PriceToBeat, we incentivize travelers to behave cost-efficiently and, thus, realign the incentives of all stakeholders. Thereby, Twhiz does not only allow companies to save travel costs but also to make employees happy. Owing to Twhiz’ professional and always-fun team culture, we are optimistic to go all the way professionally.