Description of the business for sale
Company developed an advanced Group Housing and individual travel reservation booking engine for integration into website wishing to offer a travel reservation system for their clients. Travel reservation-booking engines, ranging from single-product (i.e, hotel reservations only) to full-service like Expedia already exist and are being widely used. However, until now there was no automated system for conventions, groups and corporate meetings. The company developed the first sophisticated booking engine that could efficiently integrate the entire event planning functions (airline ticket, hotel and car reservation and area attractions). While this sophisticated booking engine can handle complex tasks, it can also handle all the travel needs for the individual traveler proficiently and economically. This booking engine is already certified with the world s leading Global Distribution System (GDS) inventory suppliers of airline, hotel, rental car and other travel components at reduced costs since third-party costs are eliminated. The engine can be integrated immediately into web sites to offer travel services to its customers, groups and individuals. The travel component suppliers will pay the company varying amounts of commissions for each travel component sold through the booking engine Group Housing spending in 2005 exceeded $60 billion, and it is expected to reach $89 billion by 2009, a respectful market segment by all means.
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Support / Training provided by seller
30 days
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Description of the facilities
GROWTH: Group Housing spending in 2005 exceeded $60 billion, and it is expected to reach $89 billion by 2009, a respectful market segment by all means.
COMPETITION: Travel reservation-booking engines, ranging from single-product (i.e, hotel reservations only) to full-service like Expedia already exist and are being widely used. However, until now there was no automated system for conventions, groups and corporate meetings. The company developed the first sophisticated booking engine that could efficiently integrate the entire event planning functions (airline ticket, hotel and car reservation and area attractions).
REASONS FOR SELLING: Other Interests
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