Yapta, the leading provider of airfare and hotel price tracking services, today announced a partner agreement with Egencia, the corporate travel offering of the Expedia, Inc. (NASDAQ: EXPE). At the close of 2015, Egencia began offering customers in the United States Fare Savings Finder, a dynamic airfare price tracking solution powered by Yapta. Fare Savings Finder dynamically scans for lower fares on the exact same flights, alerting agents to rebook when savings are found. Preliminary results of Yapta’s airfare tracking technology for Egencia customers have shown an average realized savings range of nearly $120 to over $425 per booking off the originally booked ticket price.
“Businesses look to Egencia as an innovative leader, delivering key product and service offerings to its business travel client base,” said James Filsinger, President and CEO of Yapta. “Fare Savings Finder provides one more way that Egencia can deliver airfare savings without impacting the traveler experience. The solution also complements Egencia’s continued pursuit of real-time data and insights by offering access to the performance intelligence made available via Yapta’s 24×7 dashboard.”
Egencia customers using the Fare Savings Finder have access to the core analytics dashboard engineered by Yapta. To ensure maximum savings among users, Egencia helps customers “action” savings as they arise, thereby optimizing the conversion of savings opportunities, providing real-time access to “identified” and “realized” savings, and the total spend tracked. Egencia has also streamlined the onboarding process, making it simple and easy for customers to begin quickly realizing savings with the service. This move highlights the value of investment made by Egencia in technology and analytics; which also includes the recently launched Egencia® Travel Intelligence home page.
“A continued focus on the provision of real time data is at the heart of Egencia’s approach to travel management. Airfare price tracking is an example of this and has proven extremely effective at helping companies streamline costs and gain greater insight into their air spend,” said Mark Hollyhead, Chief Operating Officer, Egencia. “By introducing Fare Savings Finder, we’ve harnessed the power of Yapta, and greatly simplified the airfare price tracking experience; thereby delighting many of our customers.”
“The Fare Savings Finder is a key technology for Egencia customers looking to cut airfare costs now and in the future,” Filsinger said. “Not only do customers have complete visibility into real-time airfare pricing, but the detailed information they need to negotiate future pricing with important airline suppliers.”