In a significant number of bookings, hotel prices tend to drop between the time of booking and the check-in date, creating a great opportunity to increase profitability AFTER selling the reservation.
The tourism industry is experiencing unprecedented times, therefore, these two technology companies partner to increase the profitability of partners, using the most innovative solutions.
Statistics show that around 40% of bookings tend to suffer a price drop from the time of booking and until check-in. Pruvo's solution takes advantage of these price drops to help travel companies increase profits.
The partnership between TravelgateX and Pruvo will allow TravelgateX's customers such as OTAS, travel agencies, hotel wholesalers to access Pruvo's “Repricing” service and thus increase profits after they sold the reservation.
The agreement between the two companies will allow customizing a solution to each client, such as choosing between the fully automated or semi-automatic reservation procedure through a single click.
What is TravelgateX: A tourism Marketplace that develops tourism connection technology within the travel industry. With a single connection, TravelgateX provides access to the largest network of leading buyers and suppliers in the travel industry. It was born in 2012 with the aim of being a technological partner for travel agencies, tour operators, receptive agencies, wholesalers or any other tourist product company. The technology created by TravelgateX allows to make a reservation every 6 seconds and generates more than 3 billion searches per day in the online travel sector. What is Pruvo: Pruvo is an artificial intelligence based solution that helps travel companies increase profits and sales. Pruvo achieves these goals thanks to price changes that occur in the market from the moment a hotel is booked until the last free cancellation date. Pruvo was launched in 2016 by Itai Marcipar and Regev Brody and has offices in Israel, Spain, Costa Rica and Brazil.