Amadeus invests in start-up that blocks value of the airfare for future purchase

How many times have you found a plane ticket at a fantastic price, but she waited to book and, When he went to buy, the price had already risen? Imagine that before finalizing the booking could block to avoid price rise, thus gaining time to plan your trip.
This is exactly what the FareKeep ® offers. A technological solution created by start-up FLYR, in which the Amadeus Ventures is investing. When travelers seek rates through online travel agencies, research sites or airlines, the FareKeep allows you to ensure the fare and keep her climb, in Exchange for a small Commission. Through self-learning mechanisms and algorithms inspired by the financial sector, the FLYR helps calculate commissions based on the probability of price variation.
The Logitravel was an early adopter of technology and has implemented FLYR FareKeep solution on your platform of Spain and Portugal.
The FLYR proved that, every 100 rates found, 30% end up being reserved. This allows travel distributors and airlines increase revenue and reduce cost to attract new customers.
Além disso, When a traveller blocks the passage price, the travel agency may establish a continuous and personalized relationship and, in this way, increase the likelihood of the reserve be held. Isto, por sua vez, potentially increases sales of this airline without any impact on your inventory.
The first investment from Amadeus on FLYR was in April 2016. Desde então, both companies have collaborated to develop a service that best suits to customers and, assim, promote the growth of FLYR. Thanks to this agreement, the start-up can also work on the development of new products.
The FLYR is already working on two new products. The first is a payment solution that will allow agents or travel providers offer the option of payment the term for an airline ticket or hotel room. The second is a price guarantee after booking, for which the airline undertakes to reimburse the difference to the traveler, If the tariff reduce after purchase.
Amadeus Ventures is a Fund of Amadeus IT Group whose purpose is to invest in start-ups from travel and technology. The Amadeus launched this Fund in 2014 and the FLYR is the latest incorporation to your portfolio, which also includes start-ups like Bluesmart, BookingPal, Yapta, Olset and Evature.