Corporate travel programs can unlock new savings opportunities by helping travelers find the best time to travel and purchase airline tickets.
Tripkicks has partnered with SeatCash, a disruptive travel data AI company, leveraging their latest platform FareX, to help travelers decrease spend on airfare. The new Tripkicks Connection is called Airfare Intelligence and equips business travelers with actionable data to optimize their air ticket purchase price. While leisure travelers have enjoyed airfare predictions for years, this functionality has been noticeably absent from corporate tools and programs – until now.
Airfare Intelligence provides travelers with the tools to secure the lowest preferred airfare by predicting the optimal dates to purchase their tickets, and by suggesting alternate travel dates – if and when significant cost savings are possible. SeatCash’s FareX technology powers this with its proprietary algorithms and predictive analytics, housing over 130 billion records and 5 trillion data points continuously growing and improving over time.
Booking corporate travel is stressful enough. Tripkicks removes the anxiety, clearly showing travelers when prices will drop, rise, or remain steady. With Airfare Intelligence, corporate programs can improve their advanced booking window and optimize spend by finding the ideal time to purchase tickets, and the best dates to travel.
“At Tripkicks, our innovation centers around new tools to help corporate travel programs act on their major priorities”, said Jeff Berk, Tripkicks CEO. Airfare Intelligence is a natural extension of our platform and one that helps tackle a common goal across our clients – cost savings and avoidance. It’s a great example of how partnerships can bring new tangible solutions for corporate programs.”
Airfare Intelligence equips travelers and corporate booking tools with actionable data-driven intel including:
- Messaging to encourage travelers to “Book now” and purchase their airfare before prices are expected to rise.Travelers can view a chart of the predicted cost increase of their flight starting today up until their travel dates.
- Guidance for when significant price drops are predicted to occur at some point before the trip, provides travelers with a “Wait to book” suggestion with details on when airfare prices are expected to decrease.
- Notifications to travelers that they can save money on their flight, when they have flexibility with the dates of their travel. Travelers are presented with data comparing their original dates with the alternate dates, to see how much money they can save.
“Travelers often wait until the last minute to book their flights,” says Shane Berry, SeatCash/FareX CRO. “On a typical NYC to SFO route, even with an advanced booking window of one week, companies can still benefit from airfare costs that are up to 12% lower compared to booking just three days in advance. And travelers who book three weeks ahead can save as much as 29%.”
Procrastination can be very costly. Most travelers want to save their company money but lack the tools or time to make the best buying decisions. Airfare Intelligence serves up the visual guilt or inspiration to make your travel decision at the best time.
Airfare Intelligence is now available as a Tripkicks Partner Connection. This is the second new Connection from Tripkicks this quarter, following the launch of Carbon Footprints, announced in February.
ABOUT TRIPKICKS
Tripkicks is a business travel technology powerhouse, equipping companies across the world with the tools to achieve their travel program goals and enhance the experience of their travelers. As a simple add-on to corporate travel programs, Tripkicks enables travel managers to influence booking decisions by providing travelers with actionable insights and practical guidance. With Tripkicks, travelers are empowered with the information and tips they need to discover the best options and achieve a successful trip. Tripkicks is based in New York City and works with global enterprise clients.
ABOUT SEATCASH
FareX from Seatcash is a next generation AI travel platform that changes the way travel is bought, managed and sold. Our flagship product FareX leverages proprietary predictive analytics to answer the age old question “When and Where Is the Best Time to Buy a Ticket?”
With the ability to deliver customized travel content, daily fare predictions and transparent purchase decisions, FareX is creating a new era of travel planning for travelers, suppliers and managers.
