Flight Center increases its stake in TPConnects

0

DUBAI, United Arab Emirates, March 15, 2022 (GLOBE NEWSWIRE) — The Flight Center Travel Group (FLT) has reinforced its commitment to providing its customers with the widest choice of airfares by increasing its investment in the technology company of travel TPConnects Technologies (TPC).

The company has agreed to increase its stake from 22.5% to 70% in the Dubai-based Software as a Service (SaaS) business, which aims to shape the future of travel distribution and has been forefront of the changes taking place in traditional distribution. models. FLT originally invested in TPC in February 2020 to drive the development of TPC’s innovative technology platform, which aggregates content from multiple sources.

TPC has a proven track record in NDC and provides a centralized NDC gateway that serves customers in the aviation and travel agency industries.

The company offers travel agents a range of solutions to access aggregated air content via the universal TPC (application programming interface) API, which can be directly integrated into any user interface or via business platforms. -to-business (B2B) agency, such as the NDCmarketplace Portal.

TPC was established in 2012 by Rajendran Vellapalath and Praveen Kumar, who both maintain ongoing involvement in the business and will serve on TPC’s new board. In addition to the TPC Board, Mr. Vellapalath will be involved with the Kerala Pravasi Association, a non-governmental organization (NGO) run by the India-based expatriate community and a new social media application.

The company has a proven track record in developing NDC solutions for airlines and their aggregation for travel sellers and has been recognized globally by the International Air Transport Association (IATA) as an IT provider and aggregator. FLT’s involvement with TPC enabled the company to become the first global travel management company to receive IATA Level 4 certification, the highest level available at the time (obtained in 2020).

“FLT’s investment comes at an important time, given the rapid changes taking place in the distribution of airline content and with the development of the Airline Retailing Maturity Index, which IATA is now pioneering,” said Mr. Vellapalath. “This is one of the biggest industry disruptions in recent years, with NDC and IATA’s new ONE Order customer registration system at its heart.

“The strong relationship between TPC and FLT will ensure that both companies remain at the forefront of this ongoing change and play a leading role in the future evolution of distribution,” added Mr. Vellapalath.

“The traditional airline distribution model is being disrupted by the growth of direct connections between buyers and sellers, the proliferation of new business models, the rise of new inbound technology vendors, and continued improvements in connectivity,” said FLT General Manager of Recreation and Supply, Melanie Waters. said Ryan.

“In this ever-changing distribution landscape, we have taken proactive steps to complement our GDS partnerships and ensure that we can find and deliver the best content to our leisure and business customers around the world by investing in TPC.

“TPC has been at the heart of the evolution of airfare distribution over the past decade, is now entrenched in our business, and an integral part of the new operating systems and platforms we offer both in the leisure and business sectors.

“By investing more in the business, we have a greater influence on future developments and the continued evolution of the product, while ensuring that we continue to offer the widest choice of airfares to our customers.”

Contact PR [email protected]

Related Images

Image 1: Rajendran Vellapalath

Rajendran Vellapalath – Founder and CEO of TPConnects and Chairman of Kerala Pravasi Association

This content was posted through the press release distribution service on Newswire.com.

Share.

Comments are closed.