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Rocketmiles

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uuid00088d6

Namestring
Rocketmiles
Legal namestring
Rocketmiles
Websiteurl
rocketmiles.com
Company typeenum
Private
Founded yearint
2012
Descriptiontext

Rocketmiles is a Chicago-based, direct-to-consumer online travel booking platform founded in 2012 that allows travelers to earn loyalty program miles or points when booking hotel stays through its website or iOS mobile app. The platform's core product is a hotel search-and-book engine aggregated within the Booking Holdings portfolio, which grants access to global hotel inventory shared with sister brands including Priceline, Kayak, OpenTable, Agoda, Rentalcars.com, and Booking.com. The defining proposition is integration with multiple loyalty program partners — United Airlines MileagePlus, Amazon, Turkish Airlines Miles&Smiles, Qatar Airways Privilege Club, Virgin Atlantic Flying Club, and Atmos Rewards — enabling users to earn thousands of miles or points per night. The technology stack is a standard online travel booking platform with loyalty rewards integration; no proprietary AI, APIs, SDKs, or MCP surfaces are disclosed.

The business model is transaction-based: users pay standard hotel rates with no additional booking fees, while Rocketmiles earns a commission or referral fee from hotel partners on each completed booking (a take-rate model). Pricing is opaque to the consumer and determined by individual hotel rates, with billing on a pay-as-you-go basis. There is no subscription, licensing, or advertising revenue stream disclosed. The go-to-market is self-serve / product-led growth: travelers search by destination, dates, and reward-program preference on the website or app and complete bookings directly, with brand awareness driven by organic social (Facebook, Instagram, Twitter/X) and the iOS App Store marketplace.

Rocketmiles is a private, wholly-owned subsidiary of Booking Holdings, Inc. (a publicly-traded conglomerate). The firm raised $8.5M in venture capital across two reported rounds in 2013 ($2M seed led by Atlas Venture) and 2014 ($6.5M led by August Capital) before becoming part of Booking Holdings. It operates with a lean team of 11-50 employees, serves a global customer base that is horizontally segmented across frequent travelers and reward seekers, and reports no enterprise B2B revenue or named customer accounts in the disclosed data. No patents, certifications, awards, regulatory actions, or disclosed revenue figures were identified in the source materials.

Short descriptiontext

Rocketmiles is a Chicago-based direct-to-consumer hotel booking platform, founded in 2012 and a subsidiary of Booking Holdings, that enables travelers worldwide to earn miles or points from partner loyalty programs (United, Amazon, Turkish Airlines, Qatar Airways, Virgin Atlantic, Atmos Rewards) on each hotel booking through its website and iOS app.

Operating statusenum
Operating
Ownership categoryenum
Headcount rangeband
11–50
akta.pro rankint
HeadquartersChicago, United States
HQ citystring
Chicago
HQ countrystring
United States
HQ regionstring
North America
Markets served

Serves global market

Keyword5 values
hotel booking platform, loyalty program rewards, travel rewards booking, frequent flyer miles, online travel agency
Industry2 codes
1Loyalty Program Management Platforms (Earn/Burn, Rules Engine, Member Lifecycle)
CodeTHALAKAAPrimaryYes
2Rewards, Rebates & Program Optimization (Interchange, Supplier-funded)
CodeTHACAJAKPrimaryNo
NAICS code1 code
  • Travel Agencies561510
Product category
Online Travel Booking
GTM motion1 record

Each record includes

Type, Description, Source

Revenue model1 record
1Hotel Booking Commissions
TypeTransaction Fee
Description

Rocketmiles earns a commission or referral fee from hotel partners when users complete bookings through the platform. The platform enables users to earn loyalty miles/points as an incentive, while Rocketmiles monetizes through transactional revenue from hotel partners.

rocketmiles.com
Marketing channels4 records

Each record includes

Title, Type, Stage, Description, Source

Distribution channels2 records

Each record includes

Title, Type, Scope, Target buyer, Description, Source

Cost components4 values
Personnel, Technology or R&D, Operations, Marketing or Sales
Pricing details1 tier
1Standard hotel booking rates with loyalty rewards
ModelTransaction based/ take rateBilling cadencePay-as-you-go
Notes

Users pay the hotel's standard room rate. Rocketmiles earns a commission from the hotel. Users receive loyalty miles/points as a bonus for booking through Rocketmiles.

rocketmiles.com
GTM typeB2C
B2C
Offering typeServices
Services
Core offering1 text field

Rocketmiles operates an online hotel booking platform that enables travelers to earn loyalty program miles or points on hotel stays. Users search and book hotels worldwide through the rocketmiles.com website or iOS mobile app, selecting from multiple loyalty program partners including United MileagePlus, Amazon, Turkish Airlines Miles&Smiles, Qatar Airways Privilege Club, Virgin Atlantic Flying Club, and Atmos Rewards. The platform monetizes by earning commissions from hotel partners on completed bookings; users pay standard hotel rates with no additional booking fees.

Differentiator
Functional benefit
Problem solved
Product overview1 text field

Rocketmiles is a single unified hotel booking platform that enables users to search for and book hotels worldwide while earning loyalty program miles or points on each stay. The core product is the web-based hotel search and booking engine, supported by a mobile application for on-the-go bookings. Users can choose from loyalty program partners including United, Amazon, Turkish Airlines, Qatar Airways, and others to earn rewards with each booking.

Product and service2 records
1Rocketmiles Hotel Booking Platform
CategoryOnline Travel Booking
Description

Web-based hotel search and booking engine that lets individual travelers book hotels globally and earn miles or points from participating loyalty programs including United, Amazon, Turkish Airlines, Qatar Airways, Virgin Atlantic, and Atmos Rewards.

2Rocketmiles Mobile App
CategoryMobile Travel Application
Description

Native iOS application that enables travelers to search for and book hotels worldwide from their mobile devices, with the same loyalty miles/points earning functionality as the web platform.

Scale indicator1 record

Each record includes

Type, Value, Description, Source

Partnership7 partners
Strategic tierCoreTypeGTM or Marketing Partner
Description

United Airlines' MileagePlus loyalty program is available as an earning option on Rocketmiles hotel bookings. Users can earn United miles when booking hotels through the Rocketmiles platform.

Strategic tierCoreTypeGTM or Marketing Partner
Description

Amazon.com Rewards is available as an earning option on Rocketmiles hotel bookings. Users can earn Amazon gift card points when booking hotels through the platform.

Strategic tierCoreTypeGTM or Marketing Partner
Description

Turkish Airlines Miles&Smiles loyalty program is partnered with Rocketmiles, allowing users to earn Turkish Airlines miles on hotel bookings.

Strategic tierCoreTypeGTM or Marketing Partner
Description

Qatar Airways Privilege Club program is available for earning Qmiles on Rocketmiles hotel bookings worldwide.

Strategic tierCoreTypeGTM or Marketing Partner
Description

Virgin Atlantic Flying Club is available as a rewards earning option on Rocketmiles, allowing users to earn Flying Club miles on hotel stays.

6Atmos Rewards
Strategic tierCoreTypeGTM or Marketing Partner
Description

Atmos Rewards is a loyalty program partner available on Rocketmiles, enabling users to earn Atmos points on hotel bookings.

rocketmiles.com
Strategic tierFlagshipTypeStrategic or Co-development Partner
Description

Rocketmiles is a part of Booking Holdings, Inc., the world leader in online travel and related services. This parent company provides strategic backing, shared technology infrastructure, and access to Booking Holdings' portfolio of travel brands including Priceline, Kayak, OpenTable, Rentalcars.com, and Agoda.

Recent move5 records

Each record includes

Date, Type, Title, Description, Source

Expansion highlight4 records

Each record includes

Type, Description

Peers10 records
TypeBroad incumbent
Description

Agoda is a sister brand of Rocketmiles within Booking Holdings and one of the largest hotel booking platforms in Asia-Pacific. Comparable hotel inventory, transactional revenue model, and target traveler make it a relevant portfolio sibling and partial competitor.

TypeDirect peer
Description

Hotels.com is a major online hotel booking platform owned by Expedia Group. It directly overlaps with Rocketmiles in core OTA functionality (hotel search and booking) and competes for the same traveler looking to maximize value on hotel stays, though without Rocketmiles' multi-airline-mile angle.

TypeBroad incumbent
Description

Priceline is another Booking Holdings sister brand and a leading North American OTA. It overlaps with Rocketmiles on hotel booking mechanics and target market, and shares the parent company's loyalty strategy context.

TypeDirect peer
Description

Kaligo is a direct competitor to Rocketmiles, offering a hotel booking platform where travelers can earn airline miles and loyalty points from multiple frequent flyer programs on each stay. Business model, target customer, and value proposition are nearly identical.

TypeBroad incumbent
Description

Trip.com Group operates a global portfolio of OTAs including Trip.com, Ctrip, and Skyscanner. Comparable hotel booking flow, global inventory, and loyalty tie-ins make it a relevant broader OTA competitor to Rocketmiles.

TypeBroad incumbent
Description

Booking.com is the flagship hotel booking brand within Rocketmiles' own parent, Booking Holdings. It is the largest OTA globally and overlaps directly with Rocketmiles in hotel inventory, geography, and audience — though it also competes through its own Genius loyalty program.

TypeBroad incumbent
Description

Expedia is one of the world's largest online travel agencies, offering hotel booking along with flights, cars, and packages. It competes with Rocketmiles on core OTA functionality and increasingly on traveler loyalty economics through Expedia One Key.

TypeEmerging player
Description

Hilton Honors is Hilton's flagship loyalty program, offering points and elite benefits on direct hotel bookings. Like Marriott Bonvoy, it competes with Rocketmiles for the loyalty-driven traveler and incentivizes direct booking over OTA intermediation.

TypeEmerging player
Description

Trivago is a hotel metasearch engine that aggregates OTA inventory for price comparison. While not a transactional OTA itself, it influences where travelers ultimately book and competes for attention in Rocketmiles' top-of-funnel discovery journey.

TypeEmerging player
Description

Marriott Bonvoy is the world's largest hotel loyalty program, attached directly to Marriott's portfolio of brands. It competes with Rocketmiles by offering members rich points earning on direct hotel bookings — pulling travelers toward direct-hotel channels and away from OTA intermediaries.

Market position
Strengths5 records

Each record includes

Headline, Details, Source

Weaknesses5 records

Each record includes

Headline, Details, Source

Competitive moat4 records

Each record includes

Type, Details

Key risks6 records

Each record includes

Headline, Details, Source

Key highlights6 records

Each record includes

Headline, Details, Source

Customer concentration

Classification, Details

Segment1 record

Each record includes

Title, Type, Primary, Description, Pain point addressed, Use case, Source

Ideal customer profile1 record

Each record includes

Profile, Firmographic size, Sales motion, Sales cycle length, Buying structure, Purchase trigger, Buyer persona, Geography, Industry vertical, Primary use case, Description, Pain points, Evidence proof points, Target buyer

Technology focused
Yes
API detail
Has APIbool
No

Docs URL, Description

AI maturity
App detail

Has app

Core technology
Revenue estimate
Valuation estimate
Number of profiles
Profiles4 records

Each record includes

Name, Designation, Designation category, Overview, Profile commentary, Source

No data
No data
Funding overview

Funding stage, Last funding date, Total funding USD

Funding rounds2 records

Each record includes

Round, Amount USD, Date, Pre money valuation, Total investors, Investors, News

Investors6 records

Each record includes

Name, Type, Date of entry, Rounds participated, Website

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Each record includes

Name, Acquisition type, Announced date, Completed date, Status, Website, News

Investment

Each record includes

Name, Round, Announced date, Lead investor, Website, News

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Rocketmiles

Online Travel Bookingrocketmiles.com

Rocketmiles is a Chicago-based direct-to-consumer hotel booking platform, founded in 2012 and a subsidiary of Booking Holdings, that enables travelers worldwide to earn miles or points from partner loyalty programs (United, Amazon, Turkish Airlines, Qatar Airways, Virgin Atlantic, Atmos Rewards) on each hotel booking through its website and iOS app.

What Rocketmiles does

Rocketmiles is a Chicago-based, direct-to-consumer online travel booking platform founded in 2012 that allows travelers to earn loyalty program miles or points when booking hotel stays through its website or iOS mobile app. The platform's core product is a hotel search-and-book engine aggregated within the Booking Holdings portfolio, which grants access to global hotel inventory shared with sister brands including Priceline, Kayak, OpenTable, Agoda, Rentalcars.com, and Booking.com. The defining proposition is integration with multiple loyalty program partners — United Airlines MileagePlus, Amazon, Turkish Airlines Miles&Smiles, Qatar Airways Privilege Club, Virgin Atlantic Flying Club, and Atmos Rewards — enabling users to earn thousands of miles or points per night. The technology stack is a standard online travel booking platform with loyalty rewards integration; no proprietary AI, APIs, SDKs, or MCP surfaces are disclosed.

The business model is transaction-based: users pay standard hotel rates with no additional booking fees, while Rocketmiles earns a commission or referral fee from hotel partners on each completed booking (a take-rate model). Pricing is opaque to the consumer and determined by individual hotel rates, with billing on a pay-as-you-go basis. There is no subscription, licensing, or advertising revenue stream disclosed. The go-to-market is self-serve / product-led growth: travelers search by destination, dates, and reward-program preference on the website or app and complete bookings directly, with brand awareness driven by organic social (Facebook, Instagram, Twitter/X) and the iOS App Store marketplace.

Rocketmiles is a private, wholly-owned subsidiary of Booking Holdings, Inc. (a publicly-traded conglomerate). The firm raised $8.5M in venture capital across two reported rounds in 2013 ($2M seed led by Atlas Venture) and 2014 ($6.5M led by August Capital) before becoming part of Booking Holdings. It operates with a lean team of 11-50 employees, serves a global customer base that is horizontally segmented across frequent travelers and reward seekers, and reports no enterprise B2B revenue or named customer accounts in the disclosed data. No patents, certifications, awards, regulatory actions, or disclosed revenue figures were identified in the source materials.

Rocketmiles firmographics

Firmographics
Name
Rocketmiles
Legal name
Rocketmiles
Website
https://rocketmiles.com
Company type
Private
Founded year
2012
Operating status
Operating
Headcount range
11–50 employees
Short description
Rocketmiles is a Chicago-based direct-to-consumer hotel booking platform, founded in 2012 and a subsidiary of Booking Holdings, that enables travelers worldwide to earn miles or points from partner loyalty programs (United, Amazon, Turkish Airlines, Qatar Airways, Virgin Atlantic, Atmos Rewards) on each hotel booking through its website and iOS app.
Ownership category
akta.pro rank

Rocketmiles industry classification

Industry
Product category
Online Travel Booking
NAICS
Travel Agencies (561510)
akta.pro primary industry
Loyalty Program Management Platforms (Earn/Burn, Rules Engine, Member Lifecycle) (THALAKAA)
akta.pro secondary industry
Rewards, Rebates & Program Optimization (Interchange, Supplier-funded) (THACAJAK)

Keywords

  • Hotel booking platform
  • Loyalty program rewards
  • Travel rewards booking
  • Frequent flyer miles
  • Online travel agency

Where Rocketmiles is headquartered

Location

Headquarters

HQ city
Chicago
HQ country
United States
HQ region
North America

Markets served

Rocketmiles business model

Business model
GTM type
B2C
Offering type
Services
Cost components
Personnel, Technology or R&D, Operations, Marketing or Sales

Revenue model

  1. Hotel Booking Commissions: Rocketmiles earns a commission or referral fee from hotel partners when users complete bookings through the platform. The platform enables users to earn loyalty miles/points as an incentive, while Rocketmiles monetizes through transactional revenue from hotel partners.

Pricing tiers

ModelBillingPrice
Transaction based/ take ratePay-as-you-goStandard hotel booking rates with loyalty rewards

Go-to-market motion1 record

Distribution channels2 records

Marketing channels4 records

Rocketmiles product offering

Product offering

Core offering

Rocketmiles operates an online hotel booking platform that enables travelers to earn loyalty program miles or points on hotel stays. Users search and book hotels worldwide through the rocketmiles.com website or iOS mobile app, selecting from multiple loyalty program partners including United MileagePlus, Amazon, Turkish Airlines Miles&Smiles, Qatar Airways Privilege Club, Virgin Atlantic Flying Club, and Atmos Rewards. The platform monetizes by earning commissions from hotel partners on completed bookings; users pay standard hotel rates with no additional booking fees.

Product overview

Rocketmiles is a single unified hotel booking platform that enables users to search for and book hotels worldwide while earning loyalty program miles or points on each stay. The core product is the web-based hotel search and booking engine, supported by a mobile application for on-the-go bookings. Users can choose from loyalty program partners including United, Amazon, Turkish Airlines, Qatar Airways, and others to earn rewards with each booking.

Differentiator

Problem solved

Functional benefit

Products and services

  • Rocketmiles Hotel Booking Platform Web-based hotel search and booking engine that lets individual travelers book hotels globally and earn miles or points from participating loyalty programs including United, Amazon, Turkish Airlines, Qatar Airways, Virgin Atlantic, and Atmos Rewards.
  • Rocketmiles Mobile App Native iOS application that enables travelers to search for and book hotels worldwide from their mobile devices, with the same loyalty miles/points earning functionality as the web platform.

Companies that use Rocketmiles

Customer profile

Segments1 record

Ideal customer profiles1 record

Rocketmiles technology and API

Technology

Technology focussed Yes

API detail

Has API
No
API docs
API detail

Core technology

AI maturity

App detail

Rocketmiles partnerships and signals

Strategic signal

Partnerships

Seven partnerships are on record, tiered core and flagship.

  • United Airlines (MileagePlus)coreGTM or Marketing PartnerUnited Airlines' MileagePlus loyalty program is available as an earning option on Rocketmiles hotel bookings. Users can earn United miles when booking hotels through the Rocketmiles platform.
  • Amazon (Amazon.com Rewards)coreGTM or Marketing PartnerAmazon.com Rewards is available as an earning option on Rocketmiles hotel bookings. Users can earn Amazon gift card points when booking hotels through the platform.
  • Turkish Airlines (Miles&Smiles)coreGTM or Marketing PartnerTurkish Airlines Miles&Smiles loyalty program is partnered with Rocketmiles, allowing users to earn Turkish Airlines miles on hotel bookings.
  • Qatar Airways (Privilege Club)coreGTM or Marketing PartnerQatar Airways Privilege Club program is available for earning Qmiles on Rocketmiles hotel bookings worldwide.
  • Virgin Atlantic (Flying Club)coreGTM or Marketing PartnerVirgin Atlantic Flying Club is available as a rewards earning option on Rocketmiles, allowing users to earn Flying Club miles on hotel stays.
  • Atmos RewardscoreGTM or Marketing PartnerAtmos Rewards is a loyalty program partner available on Rocketmiles, enabling users to earn Atmos points on hotel bookings.
  • Booking HoldingsflagshipStrategic or Co-development PartnerRocketmiles is a part of Booking Holdings, Inc., the world leader in online travel and related services. This parent company provides strategic backing, shared technology infrastructure, and access to Booking Holdings' portfolio of travel brands including Priceline, Kayak, OpenTable, Rentalcars.com, and Agoda.

Scale indicators1 record

Recent moves5 records

Expansion highlights4 records

Rocketmiles competitors and assessment

Company assessment

Broad incumbents

  • Agoda: Agoda is a sister brand of Rocketmiles within Booking Holdings and one of the largest hotel booking platforms in Asia-Pacific. Comparable hotel inventory, transactional revenue model, and target traveler make it a relevant portfolio sibling and partial competitor.
  • Priceline: Priceline is another Booking Holdings sister brand and a leading North American OTA. It overlaps with Rocketmiles on hotel booking mechanics and target market, and shares the parent company's loyalty strategy context.
  • Trip.com: Trip.com Group operates a global portfolio of OTAs including Trip.com, Ctrip, and Skyscanner. Comparable hotel booking flow, global inventory, and loyalty tie-ins make it a relevant broader OTA competitor to Rocketmiles.
  • Booking.com: Booking.com is the flagship hotel booking brand within Rocketmiles' own parent, Booking Holdings. It is the largest OTA globally and overlaps directly with Rocketmiles in hotel inventory, geography, and audience — though it also competes through its own Genius loyalty program.
  • Expedia: Expedia is one of the world's largest online travel agencies, offering hotel booking along with flights, cars, and packages. It competes with Rocketmiles on core OTA functionality and increasingly on traveler loyalty economics through Expedia One Key.

Direct peers

  • Hotels.com: Hotels.com is a major online hotel booking platform owned by Expedia Group. It directly overlaps with Rocketmiles in core OTA functionality (hotel search and booking) and competes for the same traveler looking to maximize value on hotel stays, though without Rocketmiles' multi-airline-mile angle.
  • Kaligo: Kaligo is a direct competitor to Rocketmiles, offering a hotel booking platform where travelers can earn airline miles and loyalty points from multiple frequent flyer programs on each stay. Business model, target customer, and value proposition are nearly identical.

Emerging players

  • Hilton Honors: Hilton Honors is Hilton's flagship loyalty program, offering points and elite benefits on direct hotel bookings. Like Marriott Bonvoy, it competes with Rocketmiles for the loyalty-driven traveler and incentivizes direct booking over OTA intermediation.
  • Trivago: Trivago is a hotel metasearch engine that aggregates OTA inventory for price comparison. While not a transactional OTA itself, it influences where travelers ultimately book and competes for attention in Rocketmiles' top-of-funnel discovery journey.
  • Marriott Bonvoy: Marriott Bonvoy is the world's largest hotel loyalty program, attached directly to Marriott's portfolio of brands. It competes with Rocketmiles by offering members rich points earning on direct hotel bookings — pulling travelers toward direct-hotel channels and away from OTA intermediaries.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

Rocketmiles social profiles

Digital presence

Rocketmiles financial estimates

Financial estimate

Revenue estimate

Valuation estimate

Rocketmiles leadership team

Management profile

Number of profiles

Profiles4 records

Rocketmiles funding detail

Funding detail

Funding overview

Funding rounds2 records

Investors6 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

Rocketmiles M&A and investment

M&A and investment

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Rocketmiles

What does Rocketmiles do?

Rocketmiles operates an online hotel booking platform that enables travelers to earn loyalty program miles or points on hotel stays. Users search and book hotels worldwide through the rocketmiles.com website or iOS mobile app, selecting from multiple loyalty program partners including United MileagePlus, Amazon, Turkish Airlines Miles&Smiles, Qatar Airways Privilege Club, Virgin Atlantic Flying Club, and Atmos Rewards. The platform monetizes by earning commissions from hotel partners on completed bookings; users pay standard hotel rates with no additional booking fees.

Is Rocketmiles a public or private company?

Rocketmiles is a private company. It is classified as corporate owned and is currently operating.

When was Rocketmiles founded?

Rocketmiles was founded in 2012. It employs 11 to 50 people.

Where is Rocketmiles based?

Rocketmiles is headquartered in Chicago, United States, in the North America region.

How does Rocketmiles make money?

One revenue line is on record: hotel Booking Commissions.

Who are Rocketmiles's main competitors?

Broad incumbents on record are Agoda, Priceline, Trip.com, Booking.com and Expedia. Direct peers are Hotels.com and Kaligo. Emerging players are Hilton Honors, Trivago and Marriott Bonvoy.

Does Rocketmiles have an API?

No public API is recorded for Rocketmiles.

What industry is Rocketmiles in?

Rocketmiles's product category is Online Travel Booking. Its primary akta.pro industry code is THALAKAA, Loyalty Program Management Platforms (Earn/Burn, Rules Engine, Member Lifecycle), with a secondary code of THACAJAK, Rewards, Rebates & Program Optimization (Interchange, Supplier-funded). Its NAICS code is 561510.

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Live signals
AFAR MediaPsst. You Don’t Have to Use a Credit Card to Earn Travel RewardsThe article outlines several travel rewards platforms, including Rove Miles, Bilt Rewards, One Key by Expedia, and Rocketmiles, that allow users to earn points or miles without using credit cards. These platforms generate revenue through affiliate commissions from bookings and pass a portion of those earnings back to consumers as rewards on hotels, flights, and other expenses. The piece highlights that while these options provide flexibility for non-credit card users, they often involve third-party booking processes that may limit direct loyalty benefits.Built In Chicago10 Top Travel Companies in Chicago on the Cutting EdgeChicago hosts a range of travel companies, including Orbitz, TravelPerk, Rocketmiles, and others, offering booking, rewards, and connectivity services. The companies span corporate travel management, parking reservations, and in-flight internet, with some based in Chicago and others having a presence there.PR NewswireSears Holdings Reports Second Quarter 2018 ResultsSears Holdings reported a widened net loss of $508 million for the second quarter of 2018, driven by a 3.9% decline in comparable store sales and continued store closures that reduced total revenues to approximately $3.2 billion. The company announced plans to close an additional 46 unprofitable stores in Q4 2018 while expanding strategic partnerships with Amazon and Rocketmiles to enhance its digital ecosystem.TechCrunchThe Trillion-Dollar Market To Remake Business ApplicationsAt the On Demand Conference in San Francisco, CEOs of B2B on-demand companies discussed applying on-demand business models to enterprise clients, a market representing over $1 trillion in annual spend that trails consumer adoption despite its size. Chicago Ventures, which has invested in companies like Kapow Events, Shiftgig, and Rocketmiles, identifies four emerging models in this space: on-demand people marketplaces, on-demand crowdsourcing, resource-sharing marketplaces, and real-time booking platforms. CBInsights data shows $4.1 billion in funding to on-demand mobile service companies in 2014, with enterprise-focused platforms on pace for approximately $400 million in investment in 2015, comparable to the consumer on-demand market in 2011.FinSMEsRocketmiles Raises $6.5M in Series A FinancingRocketmiles, a travel-booking site, raised $6.5M in Series A financing led by August Capital. The company will use the funds to accelerate customer acquisition and global expansion. It was founded by travel and loyalty veterans and launched less than a year ago.VC News DailyRocketmiles Secures $6.5M in Series ARocketmiles announced the close of a $6.5 million Series A funding round led by August Capital, with participation from existing investors Peterson Ventures, Link Ventures, and Atlas Venture, as well as new investors Chicago Ventures and Sam Yagan. The Chicago-based travel-booking startup, launched less than a year ago, allows consumers to earn approximately 7,000 airline miles per hotel booking and plans to use the capital to fuel expansion in U.S. and international markets. As part of the financing, August Capital partner Tripp Jones joined Rocketmiles' board, and the company added travel industry entrepreneur Scott Hintz as an outside board member.FinSMEsRocketmiles Raises $2M in Convertible Note FinancingRocketmiles, a Chicago-based hotel booking site, raised $2M in convertible note financing led by Atlas Venture. The company will use the capital to expand marketing and customer acquisition, and grow airline and hotel partnerships. It launched earlier this month after a two-month beta.VC News DailyRocketmiles Blasts Off with $2M in First RoundChicago-based hotel booking startup Rocketmiles has raised $2 million in its first external funding round, a convertible note financing led by Atlas Venture with participation from Link Ventures, Peterson Ventures, and several angel investors from the travel and loyalty industry. The funding will be used for marketing, customer acquisition, and expanding the company's airline and hotel partnership network. Rocketmiles, founded in 2012, allows travelers to earn reward miles when booking hotel rooms, with customers earning an average of 3,000 miles per night.TechCrunchTargeting Business Travelers, Rocketmiles Lets You Earn Miles For Hotel Stays, No Special Credit Card NeededChicago-based startup Rocketmiles launched a service on April 29, 2013, allowing frequent travelers to earn airline miles when booking hotel rooms, expanding from a private beta of 8 U.S. cities to 15 cities with plans to add one to two cities per week. The company has closed $2 million in seed funding from Atlas Venture, Link Ventures, Peterson Ventures, and angel investors, and earns revenue by purchasing hotel rooms at wholesale rates and reselling them at standard rates while buying miles from airlines to reward customers. Rocketmiles is targeting both individual business travelers and corporate clients, with the average transaction yielding 3,100 miles per night and the service focused on stays earning at least 1,000 miles.