Eli Ostreicher Explained
Eli Ostreicher |
Birth Name: | Moshe Eli |
Birth Date: | July 1983 |
Birth Place: | London, England |
Death Place: | Thailand |
Nationality: | British / American |
Occupation: | Serial entrepreneur |
Years Active: | 2006–2023 |
Employer: | Founder & CEO to GTTFP Holdings: Regal Wings, Regal Card, Miles 4 Flights, One Bag Tag, VVandr, ThermBot, SHARGE, Luxury Wholesale Flights, PillBot, VVandr & more. |
Notable Works: | US$500,000 donation to Bonei Olam |
Relatives: | Jacob Ostreicher |
Awards: | Inc. 500 #1 Fastest-Growing Travel Company, 2013 Inc. 500 #76 Fastest-Growing Company, 2014 Crain's New York Fast 50, 2015 & 2016 Inc. Hire Power Award, 2013 Under 30 Leader Award, 2010 Inc. Top 10 NYC Companies, 2016 |
Website: | https://gttfp.com |
Eli Ostreicher (July 1983 – January 11, 2023) was a British-born American serial entrepreneur based in New York City.[1] He was the founder and active CEO of GTTFP Holdings,[2] originally a B2B luxury air-travel provider and Inc. 500 #1 awardee in the United States.[1] [3] [4] GTTFP Holdings now houses Regal Wings, The Regal Card, Regal Jets, Luxury Wholesale Flights, One Bag Tag, VVandr, SHARGE, ThermBot, PillBot; a total of 11 brands.[5]
At the time of his death in early 2023, it was estimated that Ostreicher had created over US$600 million in revenue within GTTFP Holdings.[6] [7]
Early life, family and education
Ostreicher was born in London, England. The family was part of London's Orthodox Jewish community.[4] [6]
Ostreicher's paternal grandmother is the oldest of 16 siblings to her parents Joseph and Yitta Schwartz. His great-grandmother Yitta Schwartz died at age 93 leaving over 2,000 living descendants; following her funeral, The New York Times ran a feature story, "God Said Multiply, and Did She Ever".[8]
In his early teens he attended yeshiva in Hitchin; in his later teens, Ostreicher attended SmartTrack, an IT college in London's Lee Valley area, where he received Microsoft MCSE and Cisco CCNA certifications in 2004.[2]
Career
Ostreicher started his business career at the age of 22, opening a small home-based travel agency in Aventura, Florida.[9] In 2006 he moved to New York City and founded Regal Wings.[10] [11] He later expanded the company to 300-plus employees with luxury travel agent services, business travel management and leisure.[12] In 2010, he opened a satellite office of the company in Chennai, India. GTTFP Holdings and its Regal group of brands have offices in New York City, San Francisco, London, Singapore and Shenzhen.
In 2012, Regal Wings was listed in Inc. magazine's as the fastest-growing travel company in the United States with a growth rate of 2,513%.[13] With a further 4,146% growth rate in 2013, the company grossed $54.4 million in revenue.[14] In that year, Ostreicher received Inc. magazine's "Hire Power award" recognizing his role for job creation.[15] In 2014, the company was listed in Inc. magazine's 33rd annual 500 list as the 76th-fastest-growing company in the United States, the 6th-highest-ranking New York company and 8th in New York City.[16] [17] He served various high-profile companies and blue-chip organizations for premium and air travel including Rolex, Walmart, Berkshire Hathaway, The United Nations, Bayer, Colgate, Universal Studios, Triple Five Group, Columbia University, Escada, and the Maroon 5 band.[12] [18] [19] [20]
In 2015, Ostreicher launched Regal Card, an airport lounge and travel-benefits membership program as a sister concern of Regal Wings.[21] In the late 2016, Regal Wings partnered with China-based lounge developer DragonPass[22] [23] to offer global airport lounge access to its Regal Card members. Regal Card also includes travel benefits such as instant elite status with brands such as Hilton, Hyatt, SIXT, Hertz and discounts at 5-star hotel chains worldwide.[24]
In 2017, he patented One Bag Tag, the world's first electronic luggage tag to replace airline-issued wasteful paper tags.[25] [26] One Bag Tag is now partnered with Amsterdam-based BAGTAG[27] who run One Bag Tag's airline integration to international airliners, including Lufthansa, Swiss, Austrian, Air France, China Southern and KLM.
Ostreicher also founded Miles 4 Flights, which helps individuals convert their airline mileage into flights.[28] In the same year, he started Harei At, the first dating site for orthodox Jewish marriage-minded singles.[4] [18] [29] [30] This venture failed and was subsequently sold to JWed.com.
In 2019, Ostreicher founded both SHARGE[31] and VVandr.[32] SHARGE is the world's smallest 3-port 65W laptop and USB-C/A wall charger,[33] while VVandr makes thermometers, and a handmade hand-painted Donald Trump bobblehead.[34]
In 2020, during C-19 when VVandr sold a large number of oral thermometers,[35] Ostreicher was inspired to create ThermBot, the world's smallest contactless and battery-less smart thermometer.[36] [37] [38]
Philanthropy
In 2013, Ostreicher donated $500,000 to Bonei Olam, a communal organization that aids married couples dealing with infertility.[39] [40] [41] He was on the senior advisory board of various startup and entrepreneur-focused organizations, including YJP and Voyager HQ.[42]
Ostreicher has been involved in helping his uncle Jacob Ostreicher in his release from a Bolivian prison where he was corruptly held for 18 months without having committed any crime.[43] [44] He was later released by the help of actor Sean Penn who went to visit him in Bolivia.[45]
Personal life and demise
Ostreicher relocated from the UK to the US when he was in his early 20s. Initially he was in southern Florida. He later resided in New York City.
Ostreicher was killed in a motorcycle collision in Thailand on January 11, 2023, at age 39.[46]
Awards and honors
- Inc. 500 #1 Fastest-Growing Travel Company, 2013[47]
- Inc. Hire Power Awards, 2013[48]
- Nedivas Halev Award, 2016[49]
- Inc. 500 #76 of 500 Fastest-Growing US Companies, 2014[50] [51]
- Inc. 500 #6 Fastest Growing NYC Company[16]
- Crain's New York Fast 50, 2015[52]
- Crain's New York Fast 50, 2016[53]
- Smart CEO, 2017[54]
External links
Notes and References
- News: Eli Ostreicher Reaches For The Sky. January 10, 2014. 29–30. Eller. Sandy. jewishpress.com. issuu.com. The Jewish Press. January 6, 2015. March 19, 2016. https://web.archive.org/web/20160319220612/https://issuu.com/jewishpress.com/docs/jp_biz_011014/1?e=8021184%2F6240575. dead.
- Web site: Eli Ostreicher. LinkedIn.com. January 18, 2023.
- News: Investing in Service: Interview with Regal Wings Founder Eli Ostreicher. July 15, 2014. Luchies. Michael. Under30CEO. January 6, 2015. January 20, 2022. https://web.archive.org/web/20220120160027/https://www.under30ceo.com/investing-service-interview-regal-wings-founder-eli-ostreicher/. live.
- News: Eller. Sandy. August 19, 2013. New York - Brooklyn Orthdoox Businessman Snags #1 Category Ranking In Inc.'s 500 List. VIN News. January 6, 2015. April 3, 2023. https://web.archive.org/web/20230403193645/https://vinnews.com/2013/08/19/new-york-brooklyn-orthdoox-businessman-snags-1-category-ranking-in-inc-s-500-list/. live.
- Web site: GTTFP Holdings. July 27, 2020. GTTFP Holdings An Innovative Collection of Brands. en-US. July 16, 2020. https://web.archive.org/web/20200716204514/https://www.gttfp.com/. live.
- Web site: August 22, 2013. Regal Wings Takes High Honors, Named to Inc. Magazine's Prestigious 500 List. https://web.archive.org/web/20160304063015/https://www.marketwatch.com/story/regal-wings-takes-high-honors-named-to-inc-magazines-prestigious-500-list-2013-08-22. March 4, 2016. January 7, 2015. MarketWatch.
- Web site: Eli Ostreicher (@eliostreicher) • Instagram photos and videos. September 2, 2020. instagram.com. en.
- News: Berger. Joseph. February 19, 2010. God Said Multiply, and Did She Ever. en-US. The New York Times. July 16, 2020. 0362-4331. November 1, 2020. https://web.archive.org/web/20201101104335/https://www.nytimes.com/2010/02/21/nyregion/21yitta.html. live.
- News: Investing in Service: Interview with Regal Wings Founder Eli Ostreicher. Veooz.com. January 7, 2015. January 11, 2017. https://web.archive.org/web/20170111044845/https://www.veooz.com/topic/eli_ostreicher.html. live.
- Web site: Regal Wings | A message from our CEO Eli Ostreicher. YouTube. July 16, 2020. April 7, 2022. https://web.archive.org/web/20220407150142/https://www.youtube.com/watch?v=wh0GQzeq0cA&gl=US&hl=en. live.
- News: Regal Wings Promises Most Affordable Luxury Air Travel This Holiday Season. PRWeb. January 6, 2014. April 27, 2015. https://web.archive.org/web/20150427023914/http://www.prweb.com/releases/2010/12/prweb4850404.htm. dead.
- Web site: Regal Wings Makes Inc. Magazine's Annual 500-5000 List of Fastest Growing Companies. September 12, 2013. January 7, 2015. April 13, 2015. https://web.archive.org/web/20150413132615/http://www.justluxe.com/luxe-insider/trends/feature-1949772.php. live.
- Inc. Magazine - September 2013. Inc.. 210–211. September 2013. January 6, 2015. September 24, 2015. https://web.archive.org/web/20150924034201/http://www.incmagazine-digital.com/incmagazine/201309?pg=212#pg212. live.
- News: Lunch Break With Eli Ostreicher. AMI Magazine. Grantz. Nesanel. regalwings.com. January 8, 2015. April 2, 2015. https://web.archive.org/web/20150402145610/https://www.regalwings.com/travel-agents/lunchbreak.html. dead.
- Web site: Regal Wings - Brooklyn NY - Inc. 500 - 2013. Inc.. January 9, 2015. November 11, 2013. https://web.archive.org/web/20131111154920/http://www.inc.com/profile/regal-wings. live.
- News: Business as Usual? Fuggedaboutit! Meet the 10 Fastest-Growing Companies in New York City . Inc. . August 20, 2014 . January 15, 2015 . Lagorio-Chafkin . Christine . January 13, 2015 . https://web.archive.org/web/20150113171013/http://www.inc.com/christine-lagorio/10-fastest-growing-companies-in-new-york.html . live .
- Regal Wings - Brooklyn, NY . January 6, 2015 . Inc. . November 11, 2013 . https://web.archive.org/web/20131111154920/http://www.inc.com/profile/regal-wings . live .
- News: YEC Member Spotlight: Eli Ostreicher, CEO of Regal Wings. Yahoo!. January 6, 2015. March 5, 2014. https://web.archive.org/web/20140305040939/http://smallbusiness.yahoo.com/advisor/yec-member-spotlight-eli-ostreicher-ceo-regal-wings-150014008.html. live.
- News: Startup People Eli Ostreicher – Founder Of The World's Only Dating Site For Orthodox Jews. killerstartups.com. November 17, 2013. January 7, 2015. January 20, 2014. https://web.archive.org/web/20140120013654/http://www.killerstartups.com/people/startup-people-eli-ostreicher/. live.
- News: Fastest Growing New York Companies. newyork.businessdistrict.com. September 17, 2014. January 7, 2015. March 3, 2016. https://web.archive.org/web/20160303212817/http://newyork.businessdistrict.com/fastest-growing-new-york-companies/. live.
- The Regal Card Introduces Unprecedented Luxury for the Average Traveler. prnewswire.com. May 24, 2017. January 13, 2015. July 3, 2016. https://web.archive.org/web/20160703064419/http://www.prnewswire.com/news-releases/the-regal-card-introduces-unprecedented-luxury-for-the-average-traveler-300020167.html. live.
- News: Regal Wings enters premium lounge arena. May 24, 2017. February 2017. February 4, 2023. https://web.archive.org/web/20230204103931/http://www.charterbroker.aero/mag_story.html?ident=12450. live.
- International Partnership Takes the Premium Travel Experience to New Heights. prnewswire.com. May 24, 2017. June 21, 2016. July 19, 2017. https://web.archive.org/web/20170719200451/http://www.prnewswire.com/news-releases/international-partnership-takes-the-premium-travel-experience-to-new-heights-300288264.html. live.
- The Regal Card Introduces Unprecedented Luxury for the Average Traveler. https://archive.today/20150118170427/http://www.cnbc.com/id/102335132. dead. January 18, 2015. CNBC. January 13, 2015. January 15, 2015.
- News: Could this be the one bag tag to rule them all?. newatlas.com. May 24, 2017. December 7, 2016. February 7, 2017. https://web.archive.org/web/20170207093733/http://newatlas.com/one-bag-tag-luggage-etag/46800/. live.
- Web site: One Bag Tag Goodbye Lost Bags and Sticky Tags. July 16, 2020. OneBagTag.com. en-US. July 16, 2020. https://web.archive.org/web/20200716221207/https://onebagtag.com/. live.
- Web site: October 17, 2019. BAGTAG unveils multi-solution electronic bag tag platform. July 16, 2020. Future Travel Experience. en-GB. October 28, 2019. https://web.archive.org/web/20191028193434/https://www.futuretravelexperience.com/2019/10/bagtag-unveils-multi-solution-electronic-bag-tag-platform/. live.
- News: Having a Frequent Flier Freakout? Don't despair — help is closer than you think. 850businessmagazine.com. January 8, 2015. April 2, 2015. https://web.archive.org/web/20150402132722/http://www.850businessmagazine.com/December-January-2013/Having-a-Frequent-Flier-Freakout/. live.
- News: Eli Ostreicher, CEO of Regal Wings. ceogolf.com. January 6, 2015. March 4, 2016. https://web.archive.org/web/20160304050620/http://www.ceogolf.com/articles/ceo-of-the-week/331-eli-ostreicher. dead.
- Online Travel Agency Miles 4 Flights Helps Travelers Redeem Frequent Flyer Miles on Normally Unavailable Seats. prurgent.com. December 13, 2012. January 7, 2015. April 2, 2015. https://web.archive.org/web/20150402190628/http://www.prurgent.com/2012-12-13/pressrelease277867.htm. dead.
- Web site: SHARGE Palm Sized Power. July 16, 2020. SHARGE. en-US. July 17, 2020. https://web.archive.org/web/20200717002954/https://sharge.tech/. dead.
- Web site: Quality Products by VVandr. July 16, 2020. VVandr. en-US. July 19, 2020. https://web.archive.org/web/20200719071054/https://vvandr.com/. live.
- Web site: SHARGE Laptop USB-C Charger. July 16, 2020. amazon.com.
- Web site: Donald Trump bobblehead. July 16, 2020. amazon.com.
- Web site: May 7, 2020. How VVandr saved $660,000 of sales with FBM and Deliverr. July 16, 2020. Deliverr. en-US. August 14, 2020. https://web.archive.org/web/20200814075041/https://deliverr.com/blog/vvandr-case-study/. live.
- Web site: ThermBot – The Thermometer: Smaller. Faster. Smarter.. July 16, 2020. en-US. July 15, 2020. https://web.archive.org/web/20200715215814/http://thermbot.ai/. dead.
- Web site: Entrepreneurship over Sex. July 16, 2020. nakedentrep.com. en-US. July 16, 2020. https://web.archive.org/web/20200716234728/https://nakedentrep.com/. dead.
- Web site: Sheth. Sarang. This IFTTT-ready smart-thermometer can send your HR a leave-request if you fall sick. Yanko Design. yankodesign.com. August 18, 2020. August 19, 2020. en-US. October 24, 2020. https://web.archive.org/web/20201024181541/https://www.yankodesign.com/2020/08/18/this-ifttt-ready-smart-thermometer-can-send-your-hr-a-leave-request-if-you-fall-sick/. live.
- News: $500,000 Donation by Eli Ostreicher to Bonei Olam. April 25, 2013. gruntig.net. January 6, 2015. January 23, 2015. https://web.archive.org/web/20150123011708/http://www.gruntig.net/2013/04/500000-donation-by-eli-ostreicher-to.html. live.
- News: Eli Ostreicher Donates Half a Million Dollars to Bonei Olam. Matzav.com. April 25, 2013. January 8, 2015. January 23, 2015. https://web.archive.org/web/20150123002407/http://matzav.com/video-eli-ostreicher-donates-half-a-million-dollars-to-bonei-olam. live.
- News: Thousands Jam Hall For Bonei Olam Dinner. Daily Hamonia. April 24, 2013. January 8, 2015. January 23, 2015. https://web.archive.org/web/20150123002018/http://hamodia.com/2013/04/24/thousands-jam-hall-for-bonei-olam-dinner/. live.
- Web site: Mentors and Investors 2019. July 16, 2020. voyagerhq.com. Voyager HQ. en-US. July 16, 2020. https://web.archive.org/web/20200716213704/https://voyagerhq.com/mentors-and-investors-2019. dead.
- News: Shoichet. Catherine E.. December 19, 2012. Bolivia releases imprisoned American after 18 months. CNN.com. May 24, 2017. November 11, 2018. https://web.archive.org/web/20181111000359/https://edition.cnn.com/2012/12/18/world/americas/bolivia-jailed-american-released/. live.
- News: Guttman. Nathan. December 18, 2012. Jacob Ostreicher Freed on Bail in Bolivia. The Forward. May 24, 2017. November 11, 2018. https://web.archive.org/web/20181111001606/https://forward.com/news/167916/jacob-ostreicher-freed-on-bail-in-bolivia/. live.
- News: January 1, 2013. For Brooklyn Entrepreneur, Bolivian Jail and an Actor's Aid. The New York Times. May 24, 2017. April 22, 2017. https://web.archive.org/web/20170422072847/http://www.nytimes.com/2013/01/02/nyregion/from-brooklyn-to-bolivian-rice-venture-prison-and-sean-penns-help.html. live.
- News: Former Borough Park Businessman Dies in Thailand Motorcycle Crash . January 12, 2023 . VIN News . January 11, 2023 . January 12, 2023 . https://web.archive.org/web/20230112010132/https://vinnews.com/2023/01/11/former-borough-park-businessman-dies-in-thailand-motorcycle-crash/ . live .
- Wings . Regal . Regal Wings Takes High Honors, Named to Inc. Magazine's Prestigious 500 List . July 16, 2020 . prnewswire.com . en . January 11, 2023 . https://web.archive.org/web/20230111190452/https://www.incmagazine-digital.com/incmagazine/201309/MobilePagedReplica.action?pm=2&folio=209#pg211 . live .
- Top Companies on the 2013 Inc. Hire Power Awards. Inc.. 210–211. September 2013. January 6, 2015. February 7, 2015. https://web.archive.org/web/20150207011310/http://www.inc.com/hire-power/list/industry/travel-hospitality. live.
- News: Eli Ostreicher Donates Half a Million Dollars to Bonei Olam. theyeshivaworld.com. Yeshiva World News. April 30, 2013. January 6, 2015. July 28, 2015. https://web.archive.org/web/20150728014541/http://www.theyeshivaworld.com/news/headlines-breaking-stories/166447/video-eli-ostreicher-donates-half-a-million-dollars-to-bonei-olam.html. live.
- Web site: Lagorio-Chafkin. Christine. Meet the 10 Fastest-Growing Companies in New York City. Inc.. August 20, 2014. May 24, 2017. July 26, 2016. https://web.archive.org/web/20160726041716/http://www.inc.com/christine-lagorio/10-fastest-growing-companies-in-new-york.html. live.
- Web site: Regal Wings . July 16, 2020 . Inc.com . April 25, 2022 . https://web.archive.org/web/20220425081427/https://www.incmagazine-digital.com/incmagazine/201409/MobilePagedReplica.action?pm=2&folio=203#pg205 . live .
- New York's Fastest-Growing Companies 2015 . . May 24, 2017 . February 4, 2023 . https://web.archive.org/web/20230204103917/https://www.crainsnewyork.com/assets/pdf/CN1019241010.PDF#page=24 . live .
- New York's Fastest-Growing Companies 2016 . Crain's New York Business . May 24, 2017 . April 25, 2022 . https://web.archive.org/web/20220425081427/https://www.crainsnewyork.com/assets/pdf/CN107424108.PDF#page=32 . live .
- Web site: Regal Wings - 2017 New York SmartCEO Future 50 Award Winner. February 13, 2017. smartceo.com. May 24, 2017. February 4, 2023. https://web.archive.org/web/20230204103919/http://www.smartceo.com/2017-new-york-future-50-regal-wings/. live.