Travelogix has announced a new, dedicated airline incentive platform for travel advisors at TTE 2020, a travel technology event that will take place February 26 - 27 in London. Called Farecast, the new platform has been developed to enable travel agencies, TMCs and consortia to track the performance of their airline overrides and commercial contracts.
Farecast provides access to detailed revenue and airline ticket statistics, as well as partner contribution metrics. Travelogix said that the platform has been designed to give 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 optimize revenue from override and commission agreements, helping to drive negotiations with airlines.
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, Travelogix said. Farecast is able to manage complex 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,” said Travelogix Founder and CEO Chris Lewis. “Member contribution analysis allows multi-branch agencies and groups to analyze how each is performing and contributing to a contract.”