Yapta has introduced FareIQ, the corporate travel industry’s only independent airfare price tracking solution. FareIQ’s patent-pending technology provides in-depth analysis of corporate airfares, spotlighting opportunities to save as market prices shift on a daily basis.
For the last several months, Yapta has been developing in cooperation with early beta partners, an airfare price tracking solution designed specifically to engage with any back-end corporate travel environment. The launch of FareIQ marks the start of a formal pilot program with early corporate adopters that will enable enterprises to capture savings when their corporate airfares drop in price. FareIQ’s pilot program will encompass a partnership with several large travel management companies (TMCs) and their clients.
Prior to officially launching its pilot program, FareIQ tested its technology in a six-month beta study that revealed $2.8 million in savings on a sample of 100,000 business itineraries.
“FareIQ was built on more than five years of knowledge and expertise tracking airfares for consumers and successfully identifying millions in potential savings,” said Ken Myer, president and CEO of Yapta. “Based on our intimate understanding of airfare prices, we’re confident we can deliver savings to enterprises of any size. We’re looking forward to serving our early pilot customers– and helping them realize airfare savings that are typically missed.”