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Travelport (NYSE:TVPT), a leading Travel Commerce Platform, announces a new agreement with The Hertz Corporation (NYSE: HTZ) that gives Travelport’s online, offline, and corporate customers access to Hertz’s full worldwide inventory of rental vehicle rates, including its popular prepaid rates found on Hertz.com and the Hertz mobile app.
Travelport-connected agencies currently manage over 94 million car rental days annually sourced from a variety of global suppliers. The new agreement builds on its extensive Beyond Air portfolio and further strengthens Travelport’s leadership position as one of the world’s leading B2B commerce platforms of car rental content, connecting travel agents to a world of travel choice from over 37,000 car rental locations globally.
Over 68,000 Travelport-connected travel agencies will receive real-time access to Hertz’s full inventory which will become available to shop, book and pay through Travelport’s innovative point of sale tool, Smartpoint, as well as via Travelport’s Universal API used by online travel agencies (OTAs) and travel management companies (TMCs) across the globe. Enhancing the quality of ground transport services content provided to travel agency customers empowers agents to upsell and increase revenues by attaching more car bookings per airline tickets.
“As the global car rental industry continues to grow, so has travel seller and consumer desire for easier access to a broader range of rate types. With this agreement, Hertz benefits from Travelport’s technologies, and Travelport’s customers and travelers alike benefit from easily accessing both pre- and post-pay rates from Hertz and other rental car providers that are made accessible via Travelport API products and Travelport’s industry leading Travelport Smartpoint desktop,” said Steve Matise, Travelport’s Vice President and Global Head of Car and Ground Transport Sourcing.
The Hertz Corporation operates the Hertz, Dollar and Thrifty vehicle rental brands in approximately 9,700 corporate and franchisee locations throughout North America, Europe, The Caribbean, Latin America, Africa, the Middle East, Asia, Australia and New Zealand. The Hertz Corporation is one of the largest worldwide airport general use vehicle rental companies, and the Hertz brand is one of the most recognized in the world.
Travelport (NYSE: TVPT) is the technology company which makes the experience of selling, buying and managing travel continually better. It operates a travel commerce platform providing distribution, technology, payment and other solutions for the global travel and tourism industry. The company facilitates travel commerce by connecting the world’s leading travel providers with online and offline travel buyers in a proprietary business-to-business (B2B) travel marketplace.
Travelport has a leadership position in airline merchandising, hotel content and distribution, car rental, mobile commerce and B2B payment solutions. The company also provides critical IT services to airlines, such as shopping, ticketing, departure control and other solutions. With net revenue of over $2.3 billion in 2016, Travelport is headquartered in Langley, UK, has approximately 4,000 staff and is represented in 180 countries and territories.