Corporate travel data specialist Travelogix has launched a new version of its airline incentive management platform for travel management companies and consortia, which the company said can provide a timelier view of an agency's commercial position.
The company's Farecast 2.0 pulls booking and ticket data along with deal tracking, booking pace and forecast modelling to help agencies monitor whether incentives have been or are on track to being received, the company said.
The platform can label deals as to whether they are on track or ahead to be fulfilled, already achieved or at risk of not being achieved so agencies can respond accordingly.
"We're not simply reporting what has been booked," Travelogix founder and CEO Chris Lewis said in a statement. "We're helping TMCs understand where a deal is heading, whether the current pace is enough to meet the target and what action can still be taken to influence the outcome."
The platform has scenario modelling so that agencies can see how an adjusted booking volume pace would affect outcomes, according to Travelogix.
In addition, users have access to analytics to help inform an agency's supplier relationships and negotiations.
Travelogix said the platform supports a variety of incentive structures, including market-share agreements, flown revenue, ticket and coupon targets, fare-and-tax targets and multi-tier incentives.
The company plans to have its first customers implemented with the new platform in the first quarter of 2027.