Travelogix has announced the launch of Farecast, a new
airline incentive management platform developed to enable TMCs and consortia to
track the performance of their airline overrides and commercial contracts.
The platform provides access to
detailed revenue and airline ticket statistics and partner contribution
metrics. Farecast gives the data and insights required by travel companies to
track the progress of airline incentives and negotiate the best deals possible.
Data is collected from any GDS in real-time as soon as a ticket is issued,
amended, or exchanged, which enables travel companies to optimise revenue from
override and commission agreements, helping to drive negotiations with
Chris Lewis, CEO and founder of
Travelogix, said: “We are excited to be announcing Farecast at Travel Technology
Europe this year. You need a fast platform when analysing data and Farecast is
built to be both detailed and immediate. The system has been designed to work
at scale, no matter how large your agency or agency group, with data presented
in a clean intuitive interface that is easy to use and simple to navigate.”
Users can configure the terms of
any airline contract and track live performance against targets to identify
where agencies or members are booking off contract. Farecast is able to manage contracts
allowing for factors such as POS, O&D, class of travel and more.
“This increased visibility and
control of data will enable users to increase revenues as well as delivering
reliable data to help with airline negotiations. Member contribution analysis
allows multi-branch agencies and groups to analyse how each is performing and
contributing to a contract. This platform is the first of its kind and we are
thrilled to be launching it at TTE,” added Lewis.
Travelogix will be at stand T77 at
Travel Technology Europe, co-located with the Business Travel Show at Olympia