TravelPass Group Surpasses $2 Billion in Gross Booking Revenue

“When we founded TravelPass Group, our goal was to simplify the hotel industry and give customers confidence that their search would yield the best price and most up-to-date availability. This is vindication that we truly are simplifying travel and transforming the industry, with even more exciting innovation to come,” said Ryan McCoy, co-founder and CEO of TravelPass Group.

“Earlier this year, so many in the travel industry were surprised to learn that we had originated over $1 billion in Expedia bookings. Now, reaching this $2 billion milestone demonstrates the acceleration of our market penetration, as well as the fact that our supply access far exceeds any single travel provider,” said Daniel A. Nelson, executive chairman of TravelPass Group. “Our marketplace is what empowers hotels, wholesalers, and the world’s largest travel agencies to maximize distribution to reach a larger customer base more efficiently.”

To continue company momentum, TravelPass Group recently rolled out its room type matching technology in Las Vegas, with a wider launch coming later this year. In the hotel industry, room types and amenities are marketed and defined differently. TravelPass Group’s room type matching gathers all of the hotel supply sources into a unified platform with room-level data under a single API, powering both consumer and business facing travel portals, allowing the consumer to have more options and make the best available choice.

“There’s never been a technology solution that unifies all of the hotel inventories in one place, and is able to decipher the subtle nuances in room descriptions,” said Faisal Sublaban, president and CEO of Bonotel Exclusive Travel. “From a hotel standpoint, TravelPass Group’s room type matching technology allows us to maximize distribution and match customers to the exact hotel room that fits their needs, leading to a better experience and return customers. TravelPass Group provides true hotel and price discovery.”

TravelPass Group also has plans to unveil a new transformative technology that empowers price discovery on a multiple night hotel stay. This innovative marketplace will expand consumer choice and unlock discounts that have never been made public, previously reserved for travel agents, businesses, and closed groups. TravelPass Group is also working on blockchain technology to grow its marketplace and give leisure and business travelers access to more choices and deeper deals.

For more information on TravelPass Group and its five travel-related websites, please visit www.travelpassgroup.com.

About TravelPass Group
TravelPass Group is a leading technology company in the travel industry. Spun out of the Utah-based company Partner Fusion, TravelPass Group is a marketplace for independent and brand name hotels, wholesalers, and the world’s largest travel agencies, providing travelers with the best rates. TravelPass Group has been featured multiple times as one of the fastest growing companies by Deloitte Technology Fast 500 and Inc. 5000. TravelPass Group books 10,000 room nights per day through its five travel-related websites, including Reservation Counter and Reservation Desk, and a best-in-class customer service center that helps travelers access more than a million properties worldwide.

Contact
Chelsea Robie
Method Communications
[email protected]
801.461.9787

View original content with multimedia:http://www.prnewswire.com/news-releases/travelpass-group-surpasses-2-billion-in-gross-booking-revenue-300494328.html

SOURCE TravelPass Group

Related Links

http://www.travelpassgroup.com