Today Travelport
announced it has developed a blockchain solution to help to reconcile hotel commissions paid to travel agencies. Travelport, which owns Galileo, is one of the big three global distribution systems (GDS) in the travel sector along with Amadeus and Sabre.
The blockchain application was developed with IBM and travel management company BCD Travel as well as high profile hotel chains such as Hyatt and others. Travelport identified that a major pain point for travel agencies is to reconcile hotel stays booked for their clients. It’s one thing to make the booking, but it’s painful to keep track of client cancellations or people who extend their stays, and the associated commissions.
“Our aim is to put the lifecycle of a booking on the blockchain and we believe doing so will drive transparency, trust, and ultimately booking volume,” said Travelport’s Senior Product Director, Ross Vinograd. It means that travel agencies and hotels can have a shared view of the booking data.
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