Leading Provider of Intelligent Price Tracking Integrates with the World’s Largest GDS
SEATTLE – February 13, 2018 – Yapta, the leading provider of airfare and hotel price tracking services, today announced that it has launched its Intelligent Price Tracking services on the Amadeus Global Distribution System (GDS). As a result of the integration, corporations that use Amadeus as part of their global travel program are able to utilize Yapta’s FareIQ and RoomIQ solutions to capture savings at all points of sale.
“Yapta has helped thousands of customers achieve their cost savings goals with no disruption to their travel program. Naturally, customers that utilize Amadeus as part of their global programs were anxious to extend the savings to those points of sale,” said James Filsinger, President and CEO of Yapta. “The Amadeus footprint, particularly in the European travel market, is the largest of its kind and will enable thousands of companies around the world to immediately utilize our price assurance solutions to reduce travel costs and establish new confidence in their travel programs.”
The Amadeus GDS serves up pricing for more than 90,000 travel agency locations and more than 58,000 airline sales offices in approximately 200 markets worldwide. The system provides access to bookable content from 435 airlines, 280 hotel chains and 87,000 hotels around the world. The addition of Amadeus extends Yapta’s current GDS coverage, which includes Sabre and Apollo. Yapta plans to launch on the Galileo GDS in mid-2018.
Yapta’s price tracking technology is used by more than 7,000 companies and has delivered more than $120 million in total combined savings. 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 tracking solution, provides in-depth, 24×7 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 tracking 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.
For more information on how FareIQ and RoomIQ are delivering real savings to managed travel programs, visit Yapta.com.
Yapta’s mission is simple: To give our customers confidence in travel. To that end, we are the world’s leading company for airfare and hotel rate price assurance, analytics, and cost savings. We dynamically monitor billions of prices every month, and transform that data into highly meaningful savings, insights, and reports. Since 2007, we’ve brought technology leadership to the travel landscape and our 7,000+ corporate customers. Recently named to Deloitte’s Fast500 for North America for 2017, Yapta pioneered the category of travel price assurance. We’re driven to help build confidence in our customers’ travel programs.