BELLEVUE, Washington and LANGLEY, England, August 1, 2016 /PRNewswire/ --
The Expedia group (NASDAQ: EXPE) and Travelport (NYSE: TVPT) have today announced an expanded European partnership which sees Expedia extend its use of Travelport's Travel Commerce Platform in multiple European countries.
As part of the agreement, Expedia and its brands, including its corporate arm, Egencia, will continue to use Travelport's industry-leading Universal Application Programming Interface (Universal API) to access unrivalled hotel and car content and to power new services that will give their customers a greater level of information, choice and flexibility when it comes to booking online travel. In addition, the leading OTA will utilize Travelport's Rapid Reprice and ePricing technology, two products which have been designed to improve the speed and efficiency of the overall air shopping experience for consumers.
Steve Jarvis, Vice President, Strategy & Business Development at the Expedia group said: "Expedia's commitment is to be the very best place to shop for travel and Travelport's Travel Commerce Platform offers innovative technology and particularly extensive hotel and car content."
Scott Hyden, Travelport's Group Vice President, Enterprise Customer Group, commented: "We're delighted to be expanding our European agreement with Expedia and look forward to continuing to grow our long standing global relationship in the months and years ahead as we work closely with them to support their highly customer-focused approach and overall growth ambitions."
Travelport is a Travel Commerce Platform providing distribution, technology, payment, mobile and other solutions for the global travel and tourism industry. With a presence in over 180 countries, approximately 3,700 employees and an additional 1,200 employees at IGT Solutions Private Ltd who provide us with application development services, our 2015 net revenue was over $2.2 billion.
Travelport is comprised of:
- A Travel Commerce Platform through which it facilitates travel commerce by connecting the world's leading travel providers with online and offline travel buyers in a proprietary business to business (B2B) travel marketplace. Travelport has a leadership position in airline merchandising, hotel content and rate distribution, mobile travel commerce and a pioneering B2B payment solution that addresses the needs of travel intermediaries to efficiently and securely settle travel transactions.
- Technology Services through which it provides critical IT services to airlines, such as shopping, ticketing, departure control and other solutions, enabling them to focus on their core business competencies and reduce costs.
Travelport is headquartered in Langley, UK. The company is listed on the New York Stock Exchange and trades under the symbol "TVPT".
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