By paying a flat monthly fee to flight-sharing company Rise, members have access to unlimited travel on a private business jet.
Members are able to make travel plans through the Rise app to be flown to a desired destination on an eight-passenger King Air 350. Rise makes it possible for business travelers to avoid garages, security lineups and uncomfortable seats for a price of $1,650 monthly, which seems extravagant, but it could actually save tons of time and money for those who frequently fly on commercial airlines.
Although there are some companies that are banning employees from making the most of the sharing economy for travel, Rise is paving the way for the future of business travel by providing a comfortable alternative to commercial flights and the costs of owning a private jet.
Business Jet Memberships
Flight-Sharing Company 'Rise' is Changing Corporate Travel
Trend Themes
1. Business-jet Memberships - The trend towards private business jet memberships provides an opportunity for flight-sharing companies like Rise to appeal to business travelers by offering time-saving and cost-effective alternatives to commercial flights.
2. Flight-sharing Services - The rise of flight-sharing services like Rise allows business travelers to avoid the hassle and cost of commercial flights, disrupting traditional air travel industry practices.
3. Corporate Travel Alternatives - The increasing popularity of Rise's flat fee business-jet membership service provides companies with more budget-friendly and comfortable travel options for their executives, and this expanding market presents a ripe opportunity for disruption by innovative travel providers.
Industry Implications
1. Private Aviation - The private aviation industry is being disrupted by flight-sharing companies like Rise, which offer an alternative to owning or chartering private jets, potentially changing how frequent flyers approach business travel.
2. Travel Technology - Travel technology is allowing companies like Rise to connect business travelers with affordable and convenient flight-sharing services through mobile apps and digital platforms, revolutionizing the travel industry.
3. Corporate Travel Services - Corporate travel services are being impacted by the trend towards more budget-friendly, efficient, and comfortable business-jet memberships, creating an opportunity for innovative travel providers to disrupt traditional travel booking practices.