SEATTLE – Yapta, a leading provider of airfare and hotel price assurance services, announced that it has extended its Intelligent Price Tracking and Analytics services on Travelport’s global distribution system (GDS), making it possible for even more customers in over 180 countries to capture airfare and hotel savings from all points of sale.
Travelport has a leadership position in airline merchandising, hotel content and distribution, car rental, mobile commerce and B2B payment solutions. The company also provides critical IT services to airlines, such as shopping, ticketing, departure control and other solutions. In 2017, the company processed approximately $83 billion in travel spend, including $55 billion in air tickets.
“The reach of our price assurance services are unrivaled,” said James Filsinger, President and CEO of Yapta. “We’ve worked hard to make price assurance ubiquitous to the travel industry. By integrating across all three of the leading GDS providers, our services are now accessible to virtually every enterprise organization in the world.”
Yapta’s price assurance technology is used by more than 8,000 companies, including 35 of the Fortune 100. On average, Yapta customers realize a total trip savings of $369 per trip by tracking both airfare and hotel prices.
FareIQ, Yapta’s airfare price assurance solution, provides in-depth, 24x7 analysis and insights into corporate airfares, spotlighting opportunities to re-book tickets at lower prices, saving corporations crucial T&E dollars on a daily basis. Upon recognizing a savings opportunity, FareIQ can automatically re-ticket air reservations without the need of an intermediary agent. Companies adopting FareIQ see an opportunity to save on more than 11 percent of all air travel itineraries, with an average identified savings of $260 per ticket. Any savings identified by FareIQ on behalf of its customers are over and above any airline imposed change fees and agency re-booking fees, ensuring customers see true value to their bottom line.
RoomIQ, Yapta’s hotel rate assurance solution, dynamically monitors U.S. domestic and international hotel bookings, looking for rate reductions at the same hotel. Once a savings opportunity has been identified, RoomIQ then issues an alert in the local currency. Companies utilizing RoomIQ see an opportunity to save on approximately 12 percent of all hotel bookings tracked – with an average savings of $109 per booking. Overall, RoomIQ has helped companies lower their ADR by 4.7 percent.
TravelAI, Yapta’s advanced analytics solution, allows procurement teams and corporate travel managers to mine large datasets of travel spend for new opportunities to reduce travel costs, evaluate against benchmarks, and improve supplier negotiations.