December 13, 2017 8:08 AM ET

Internet and Direct Marketing Retail

Company Overview of Tourico Holidays, Inc.

Company Overview

Tourico Holidays, Inc. is a travel distribution company that provides business-to-business wholesale travel brokerage services. The company contracts directly with travel providers, such as hotel chains, flights, cruise lines, attractions, car rentals, vacation homes, activities, transfers, and groups in the United States and internationally. It offers host-to-host solutions; TouricoHolidays.com, a website to book product lines and access packaging, filters, and maps in client’s local language; online account management solutions; and Olympus X, a proprietary platform to help travel distribution clients improve inventory accuracy, identify hotel deals with the profit margins, and increase sa...

220 East Central Parkway

Suite 4000

Altamonte Springs, FL 32701

United States

Founded in 1994

Phone:

407-667-8700

Fax:

407-667-7790

Key Executives for Tourico Holidays, Inc.

Chief Executive Officer, President and Director
Chief Financial Officer
Chief Operating Officer
Chief Executive Officer of Travel Global Systems
Executive Vice President of Global Product Developmen
Compensation as of Fiscal Year 2017.

Tourico Holidays, Inc. Key Developments

Tourico Holidays Launches Olympus X

Tourico Holidays has developed and launched Olympus X, a proprietary platform designed to help travel distribution clients improve inventory accuracy, identify hotel deals with the profit margins, and increase sales. The first-of-its-kind interactive dashboard also provides detailed monthly reports where clients can view all of their bookings, total room nights, cancellation ratios, average daily rates (ADR), year-over-year and month-over-month growth, the best hotel opportunities for boosting profits, and many other valuable data points. Olympus X also enables Tourico to view client inventory and bookings and offer its sales support. Using the platform, Tourico can help identify high-margin hotels and ExclusiveDeals, Tourico's selection of pre-purchased hotel room blocks, that a client may be missing from its inventory.

Tourico Holidays Announces New Distribution Partnership with Monarch

Tourico Holidays announced a new distribution partnership with Monarch. The partnership will enable Monarch Holidays to significantly expand its range of European beach holidays and city breaks using Tourico's worldwide inventory of hotels and Exclusive Deals, or pre-purchased hotel room blocks. Monarch offers six million sector seats to over 40 destinations from five UK bases, including London Gatwick, Birmingham, Manchester, Leeds-Bradford and Luton, where the company is headquartered. The company’s tour operating division – Monarch Holidays - offers a variety of package holidays: from beach holidays to city breaks, and villas to Lapland adventures. Tourico contracts more than 80,000 hotels in 6,598 cities and specializes in brokering rooms to distribution clients, such as airline suppliers and tour operators. In 2016, Tourico sold more than one million hotel room nights through airline partners, offering industry-best selection and rates.

Tourico Holidays Launches New Push Service for Offline Inventory Cache

Tourico Holidays launched a new push service allowing its distribution clients to build and refresh an up-to-date Availability and Rates cache. Partners now have the option of importing and caching Tourico’s inventory - creating an offline, in-house database of available product and prices. The company’s new service now immediately pushes individual updates - or inventory changes - to clients, maintaining a fresh cache. The instant updates reduce latency and allow clients to sell last minute inventory, while greatly reducing failed bookings. The new push service also exposes the company “business logic”, providing clients with precalculated total prices that reflect currency changes, promotion discounts, and other business factors. Furthermore, if suppliers focus on certain regions, they can opt into only receiving updates to certain hotels and inventory.

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
February 7, 2017
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