If you are in search of innovative travel technology solutions, we invite you to request a quote from Travelomatix. As one of the best
travel technology companies
, we take pride in serving a diverse clientele, with over 1450+ clients that include prominent airlines, travel agencies, as well as small and medium-sized enterprises (SMEs) and global corporations. Our commitment to excellence has fostered enduring partnerships and contributed to the growth of our clients over the years.
As per the current market research, the global tourism market size is expected to record a CAGR of 3.7% from 2023 to 2032. In 2023, the market size is projected to reach a valuation of US$ 8,880 Billion. By 2032, the valuation is anticipated to
reach US$ 12,314 Billion. ‘All-in-one-place’ online travel portal platforms have improved the user experiences to another level. According to
Statista, OTA revenue is expected to show an annual growth rate of 10.8% over the next five years.
How to Find The Best Travel Technology Provider : A Quick Guide in 8 Steps
Finding top
travel tech providers
involves a systematic approach to research and evaluation. Here's a complete guide in 8 steps:
Step 1- Define Your Criteria
Begin by outlining what you consider essential in travel tech companies. This could include factors like innovation, market presence, customer satisfaction, technology stack, or specific services offered.
Step 2 - Market Research
Utilize online resources such as industry reports, market analysis websites, and databases to identify key players in the travel technology sector. Look for companies that are consistently mentioned as leaders or innovators.
Step 3 - Consult Reviews and Rankings
Explore reviews on platforms like Gartner, Forrester, or Trustpilot to gauge customer satisfaction and performance. Additionally, look for industry-specific rankings or awards that highlight top travel technology companies.
Step 4 - Industry Publications and Blogs
Subscribe to industry publications and follow reputable blogs focused on travel technology. These sources often feature insights, interviews, and rankings that can help you identify top players in the field.
Step 5 - Attend Conferences and Events
Participate in
travel technology
conferences, trade shows, and networking events. These gatherings provide opportunities to connect with industry insiders, hear about emerging trends, and learn about leading companies firsthand.
Step 6 - Evaluate Offerings and Technology
Assess the range of products and services offered by each company, along with the underlying technology and features. Look for companies that demonstrate innovation, scalability, and a commitment to staying ahead of industry trends.
Step 7 - Consider Partnerships and Integrations
Review partnerships and integrations that travel technology companies have established with other industry players. Strong partnerships can indicate a company's credibility and ability to collaborate effectively within the ecosystem.
Step 8 - Request Demos and Trials
Finally, reach out to shortlisted companies to request demos or trials of their products. This hands-on experience will allow you to evaluate usability, performance, and compatibility with your specific needs before making a decision.
By following these steps, you can systematically identify and evaluate the top travel technology companies to find the best fit for your business or project.
Booking.com Travel Technology
Booking.com is a leading
digital travel technology company
. Booking.com uses technology to simplify travel, connecting millions of travelers with various transport options, memorable experiences, and unique accommodations from homes to hotels. They are one of the world's biggest travel marketplaces, serving established brands and entrepreneurs of all sizes.
By partnering with
Booking.com, properties worldwide can access a global audience and grow their businesses. The platform is available in 43 languages and offers over 28 million reported accommodation listings, including more than 6.6 million homes and apartments. Booking.com provides 24/7 customer support to make it easy for travelers to plan their trips hassle-free.
Expedia Travel Technology
As one of the world's leading travel technology companies, Expedia offers customers a wide range of travel products and services worldwide. Expedia's platform allows users to search and book flights, hotels,
car rentals, cruises, and vacation packages from a wide range of travel providers.The company operates a global network of over 200 travel booking websites in over 75 countries, serving millions of customers annually.
Kiwi Travel Technology
Kiwi is a travel technology company that offers an innovative search and booking platform for flights, trains, buses, and other transportation modes. Kiwi's platform allows users to search for and book travel itineraries that include multiple transportation modes, to offer more affordable and flexible travel options. The company operates a global network of over 700 transportation partners and serves millions of customers worldwide.
Priceline Travel Technology
Priceline is a leading online travel technology company that offers customers a wide range of travel products and services worldwide. Priceline's platform allows users to search and
book flights, hotels, rental cars, cruises, and vacation packages from a wide range of travel providers, often at discounted prices. The company operates a global network of travel booking websites for millions of customers annually.
Travelfusion Travel Technology
Travelfusion is a technology company that specializes in providing travel booking solutions to the travel industry. The company has established
partnerships with over 200 airlines and 600,000 hotels worldwide. Travelfusion offers various services, including flight search, booking and ticketing, hotel booking, and car rental. The company's advanced technology allows seamless integration with travel agencies, tour operators, and online travel agencies. Travelfusion has won several industry awards for its innovative technology solutions and has a strong reputation for delivering quality service to its clients.
Hotelspro Travel Technology
HotelsPro is a global travel technology company that offers a wide range of solutions for the travel industry. The company was founded in 2003 and has since grown to become one of the leading providers of travel technology solutions worldwide. HotelsPro's solutions include a B2B online booking platform for travel agencies, tour operators, and wholesalers and an API for direct connectivity to its vast inventory of more than 600,000 hotels in over 205 countries.
HotelsPro's technology enables its clients to search, compare and
book travel products in real-time, with instant confirmation and competitive rates. The company's global network of offices and staff provides support and assistance to clients in more than 90 countries, offering 24/7 customer service in 20 languages.
Cartrawler Travel Technology
CarTrawler is a global travel technology company that provides software solutions and online platforms for car rental companies, airlines, travel agencies, and online travel agencies. CarTrawler's technology platform enables travel partners to offer car rental services to their customers as part of their travel packages. CarTrawler's platform aggregates car rental options from over 2,000 car rental suppliers in 45,000 locations across 174 countries, making it one of the world's largest car rental distribution systems.
The company's technology is designed to help travel partners increase revenue, improve customer experience, and streamline their car rental booking processes. CarTrawler also offers a range of travel services, including car rental insurance, 24/7 customer support, and data analytics to help travel partners better understand and optimize their car rental offerings.
Verteil Travel Company
Verteil is an established travel technology company with the aim of enhancing accessibility to travel by integrating airlines and travel sellers. Its diverse product offerings have helped thousands of travel sellers overcome the everyday challenges in flight booking processes.
Verteil has established collaborations with over 35 full-service airlines to improve the way they distribute their ticketing and offerings to end customers.
Verteil's expertise in the field is demonstrated by its top-level certifications, including the IATA NDC Level 4 certification, Airline Retailing Maturity Index, and IFG certification for NDC technology, making it a successful travel tech company. Verteil is committed to utilizing technology and providing dependable and inventive solutions to its partners, with the ultimate goal of enhancing the travel industry.
SITA Travel Technology
SITA is a global travel technology company that provides information technology and communication solutions to the air transport industry. SITA's portfolio of services includes airport management, passenger processing, baggage handling, and aircraft communications. SITA operates in over 200 countries and territories, serving around 2,800 customers, including airlines, airports, and government agencies. Its services are widely used across the aviation sector, helping to enhance the efficiency, safety, and security of air travel.
Kayak Travel Technology
Kayak is a travel technology company that provides online travel search and booking services for flights, hotels, rental cars, and vacation packages. Kayak's platform aggregates travel information and prices from various sources, making it easier for consumers to find and compare travel options. Kayak also offers tools like price alerts, flight status updates, and trip management features to improve the travel experience for users. In addition, Kayak has mobile apps for iOS and Android, allowing users to access its services on the go.
Features of Travel Tech Software Platform
Flight Ticket Booking
The
travel technology platform is connected to the flight Global Distribution System (GDS) via web services, enabling the retrieval of online flight inventory. This information is then presented on the application's front-end in a specified UI/UX format. Upon choosing a particular flight from the search results, users are directed to the payment gateway for booking confirmation and the generation of a Passenger Name Record (PNR).
Hotel Booking
The travel technology system conducts searches for hotel deals using both Global Distribution Systems (GDS) and APIs through web services. It identifies the lowest tariffs per room per night. Once a specific hotel is chosen, users are directed to the payment gateway for booking, culminating in the generation of a voucher.
Car Booking
The travel technology system performs searches within its Central Reservation System (CRS) inventory and external APIs to determine the optimal options in a given city based on user input. Upon selecting a preferred result, the system facilitates redirection to the payment gateway for seamless transaction processing.
Holiday Packages
CMS driven domestic and international holiday packages will be designed as per the client requirement and will be connected through payment gateway or online form enquiry in proposed travel portal development solution.
Bus Booking
Travel tech software
will search the CRS (own inventory) and API of Bus and will find out the best possible option available in a particular city as per the search by the user. On selecting one result it will be redirected to the payment gateway.
Forex (Foreign Money Exchange)
As a leading travel technology company, we set the module in admin to put the updated rates of currencies on what price they purchase and sale that particular currency. It can be processed through payment gateway if somebody wants to make the payment through credit card.
Payment Gateway Integration
Online payment gateway will be integrated to make the online payments by the customer. Online payment can be through credit cards or multiple payment gateway system to make it a globally accepted travel GDS portal.
SMS Gateway Incorporation
SMS API will be incorporated to send the sms to the client at the time of confirmation of booking or PNR creation.
B2B Agency Accounts
The comprehensive travel tech system incorporates a multilayered admin console. Agents are provided with a login facility to add funds to their accounts, subject to a predetermined cutoff limit. Upon logging into the portal, agents can utilize their deposit accounts to book air tickets and hotel deals, up to the specified cutoff limit. Once this limit is reached, agents are restricted from further bookings through their deposit accounts but are given the alternative to use a credit card for subsequent reservations. This system ensures efficient account management and a seamless booking process for agents. Agents will get the different options i.e.
- To create sub users
- Check different type of reports of bookings
- Check the booking status
- Can cancel the booking (if available with API)
- Can check the vouchers and Invoices
- Commission Generated
Key Benefits of Travel Technology Solutions
Implementing
travel technology solutions
offers numerous benefits to businesses in the travel and tourism industry, as well as to travelers themselves. Here are some key advantages:
Enhanced Efficiency - Automation of booking processes, reservations, and other routine tasks leads to increased operational efficiency. Streamlined workflows reduce manual errors and save time for both travel agencies and customers.
Improved Customer Experience - Personalization features provide tailored recommendations, offers, and experiences based on individual preferences. Mobile apps and user-friendly interfaces make it easier for travelers to plan, book, and manage their trips.
Real-time Updates - Travel technology enables the delivery of real-time information, such as flight status, gate changes, and weather updates, enhancing the overall travel experience.
Global Reach and Connectivity - Integration with global distribution systems (GDS) and external APIs expands the reach of travel services to a broader audience. Improved connectivity facilitates collaboration with airlines, hotels, and other service providers worldwide.
Cost Reduction - Automation and digitalization help reduce manual labor and paperwork, leading to cost savings. Predictive analytics and pricing optimization contribute to more efficient budget management.
Secure Transactions - Secure payment gateways and encryption technologies ensure the safety of financial transactions. Compliance with industry standards and data protection regulations builds trust with customers.
Data-driven Decision Making - Business intelligence and analytics tools provide valuable insights into customer behavior, preferences, and market trends. Data-driven decision-making helps businesses optimize their strategies and offerings.
Increased Revenue Opportunities - Personalized marketing, targeted promotions, and dynamic pricing contribute to upselling and cross-selling opportunities. Access to a wider range of suppliers through GDS can lead to increased revenue streams.
Adaptability to Market Trends - Travel technology solutions allow businesses to adapt quickly to emerging trends, such as contactless technology or new traveler preferences. Agility in adopting new technologies helps businesses stay relevant in the evolving market.
These benefits collectively contribute to creating a more competitive, efficient, and customer-centric travel industry, ultimately improving the overall experience for both travel businesses and their customers.
