Vayant Travel Technologies, a world leader in B2B airfare search innovation, has been selected by Lufthansa to enhance the airline’s distribution to tour operators and consolidators in Germany, Switzerland and Austria. This is the most significant client acquisition for Vayant since it started commercial operations in 2012.
Vayant has created a custom-made cache for Lufthansa, using its Pricing Cache solution to open up the airline’s fares for dynamic packaging by tour operators. Built to Lufthansa’s specific business requirements, and enabled by Vayant’s fares and-pricing engine, the cache encompasses currently about 30 departure cities in the German-speaking market and 100 destinations, of which 70 are in Europe.
Vayant refreshes and pushes updated cache data six times per day for Lufthansa, guaranteeing bookability of over 80 per cent. Tour operators already getting Lufthansa fares data pushed to them include L’TUR, Bucher Reisen, Hotelplan Suisse and TUI 4U.
Lufthansa, the largest airline in Europe and the fifth largest in the world, joins Vayant’s Pricing Cache customer list that includes Hotelplan, travel.at, HLX and Binoli.
“We were impressed by the quality and flexibility of Vayant and its products and services. Using the Pricing Cache solution will help us significantly to sell Lufthansa flights in the leisure market” said Christian Tillmans, VP Global Online & Leisure Sales at Lufthansa.
Eric Dumas, CEO of Vayant Travel Technologies said: “This is a significant deal for Vayant and for the industry. Signing a global travel brand like Lufthansa underlines the success of our unique technology in the marketplace, and signals a shift towards more human-shaped travel shopping. Pricing Cache delivers the fast accurate data travel sellers need to deliver richer customer experiences.”
Vayant Pricing Cache was first launched in September 2012, and an enhanced version (Pricing Cache V2.0) was released earlier this month. New features of Pricing Cache V2.0 include support for multiple passenger types and different fare classes in a single cache for each O&D combination. Travel retailers can also specify maximum connection times, airports, airlines, routes, and define the number and type of search results in their respective cache. Cache date updates are available up to twenty-four times per day.