Zinger Key Points
- Costco Travel integrates Travelport's advanced technology for bookings.
- Travelport Insights provides data for smarter travel decisions.
- Get two weeks of free access to pro-level trading tools, including news alerts, scanners, and real-time market insights.
Travelport, a travel booking technology provider, has entered into a new long-term agreement with Costco Travel, the travel branch of the retail powerhouse Costco Wholesale Corp COST.
The partnership will enable Costco Travel to leverage Travelport's technology, enhancing the travel booking experience for millions of Costco members.
The goal is to streamline travel planning by offering advanced technology and smarter search capabilities.
Thanks to the new partnership, Costco Travel will tap into Travelport's ability to offer a unified connection to a wide variety of retail-ready air travel content.
This includes data from NDC, LCC, and EDIFACT, thus broadening the flight options available to Costco members.
Related Read: Costco Workers Vote To Strike Over Fair Contract Demands
"Costco Travel is focused on delivering more value to its members by giving them more choice and better offers when planning their trips, and Travelport provides the seamless, modern travel retailing experience that their customers have come to expect," said Chief Commercial Officer of Agency at Travelport, Jason Toothman.
"Travelport is the perfect partner to help Costco Travel achieve these goals for its valued members because we are committed to simplifying complexities that come with aggregating content from multiple sources.”
Costco Travel will integrate Travelport's Travelport+ platform, which leverages AI technology to enhance the speed and accuracy of trip searches.
This feature is expected to streamline the booking process, allowing Costco members to quickly discover the best travel options.
Under the multi-year agreement, Costco Travel will also gain access to Travelport Insights, a platform offering detailed market analysis and expert insights, helping Costco Travel stay ahead of demand trends, enabling smarter, data-driven decisions for both the company and its customers.
Price Action: COST shares are trading lower by 2.4% at $1,045.58 at last check Tuesday.
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