Published on : Monday, March 6, 2017
Yapta, the leading provider of airfare and hotel price tracking services, announced that it has expanded the capability of its corporate travel price tracking technology to all international points of sale. Following positive customer results delivered during early adopter implementations in Canada, France, India, Spain and the UK, Yapta has launched its price tracking technology world-wide.
As the only company that provides total trip price assurance, Yapta has delivered more than $60 million in airfare and hotel savings to its corporate users. Companies average a combined savings of $369 per trip by tracking both airfare and hotel prices in tandem.
Currently used by over 1,200 customers in the U.S., expanding its technology to international markets gives Yapta’s global customers a seamless way to capture additional savings without impacting their travel programs. Preliminary international results show an average combined savings of $317 per trip.
Based on the significant bottom-line savings their customers have achieved in the US, support for international markets has been at the top of their wish list, said Valerie Layman, Chief Product Officer at Yapta. Their customers have signed up to achieve significant cost savings in 2017, and expanding their FareIQ and RoomIQ programs internationally will help them achieve their goals this year with minimal additional effort and no disruption to their travelers.
Yapta provides corporate travel managers with access to a web-based dashboard, making it possible for them to observe their airfare and hotel price tracking program on a 24/7 basis. The savings dashboard provides consolidated access to data across all markets for both hotel and airfare programs.
Companies adopting FareIQ, Yapta’s airfare price tracking solution, 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 are seeing 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 these companies lower their ADR by 4.7 percent.
Offering their solutions internationally was one of the easiest decisions that they made, said James Filsinger, President and CEO of Yapta. Functionally, it’s a checkbox to select the countries their customers want to activate. And by working with their global TMC partners, they can bring their award-winning technology to offshore markets with the speed and efficiency that their customers have come to expect.