Both Mallorcan companies specializing in tourism technology, join forces in a global agreement that will multiply business travel in Latin America, Europe, and the United States.
When the front and back of two global technology companies come together, the business opportunities that can arise are incalculable. And this is the case of the historic agreement signed between TravelgateX and Travel Compositor, companies in the technology sector, who are working on boosting the growth of B2B travel with a global strategy worth millions of euros.
Although they have two different business models, both companies are dedicated to travel technology, which makes them complementary. In this way, OTAS, travel agencies, channel managers, hotels, airlines and activity agencies can take advantage of this global agreement to grow in transactions, products, and business worldwide. The strategic alliance will allow multiplying business for both clients and suppliers.
Travel Compositor is a travel sales platform that allows any tourism company to sell dynamic packages around their own product.
TravelgateX is a marketplace that connects tourism buyers and sellers from all over the world. Both companies have joined efforts, talent, technology and knowledge that will undoubtedly mark a before and after in the B2B travel sector.
This strategic alliance has been designed between the two technology companies to multiply the connectivities for buyers and suppliers, and make them more competitive in the B2B travel sector.
According to Manuel Aragonés, CEO of Travel Compositor: “This agreement is as if Movistar and Huawei teamed up to give the best technology in mobile phones and connections, although in this case, we are talking about connections and booking fronts. We got involved in this agreement to move, connect and generate sales among hundreds of suppliers and customers within a market that is in constant growth, hoping to be leaders of that momentum.
On the other hand, José Díaz, CCO of TravelgateX explained: “We think this is a perfect match, between functionality (the how) and connectivity (what). Both companies have worked together for a while now. We will team up to empower our mutual clients and this expected to move very interesting figures in the sector”.
Europe, the US, and Latin America could be the main beneficiary regions of this global agreement. Travel Compositor operates in numerous Latin American countries and TravelgateX is well established in Europe. Both have in common the arrival of their technologies in the US and work with global companies such as Smyrooms, Viajes El Corte Inglés, Hotelbeds, LoveHolidays, Welcomebeds, among others.
As a curious fact, both companies have grown in Parc Bit (Mallorca), and both began their journey in the startup world and over time have expanded. Between both companies more than a hundred technology professionals will work to make this agreement a reality.
About Travel Compositor:
Located in the Parc Bit of Palma de Mallorca, Travel Compositor is an international technology company for the travel sector. It owns TravelC, the platform that allows any operator in the tourism sector to sell online including all the components they need: Specific booking engines (transport, hotels, tourist homes, activities, etc.), integrations with tourism service providers (GDS’s), LCC aggregators, bed-banks, etc.) and exclusively, multi-destination search which is patented worldwide. The platform allows any company in the tourism and travel sector to sell dynamic packages around their own product without the need for contracts with each supplier. This is an innovative business model that brings new rules and players to the sale of travel. Over 400,000 reservations are made per year through its platform. https://www.travelcompositor.com
Located in the Parc Bit of Palma de Mallorca, TravelgateX is an international company that develops tourism connection technology within the travel industry. With a single integration, it 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, receptives, wholesalers or any other tourist product company. The technology created by TravelgateX allows you to make a reservation every 8 seconds and moves more than 2.5 billion searches per day in the online connections sector. The company already generates a turnover of 3.2 billion dollars per year. https://www.travelgatex.com