February 20, 2018 1:32 PM ET

Internet and Direct Marketing Retail

Company Overview of Fareportal, Inc.

Company Overview

Fareportal, Inc., through its subsidiaries, provides online air travel booking services for travelers. It offers corporate travel management services and automation of wholesale distribution of international airfares. Fareportal, Inc. was founded in 2002 and is based in New York, New York with operations in North America, Europe, and Asia.

135 West 50 Street

Suite 500

New York, NY 10020

United States

Founded in 2002

Phone:

646-738-7813

Fax:

212-763-0464

Key Executives for Fareportal, Inc.

Chairman and Co-Chief Executive Officer
Founder, Chief Executive Officer, President and Director
Chief Financial Officer
Age: 58
Chief Operating Officer
Senior Vice President and General Counsel
Compensation as of Fiscal Year 2017.

Fareportal, Inc. Key Developments

Sabre Corporation Announces Multi-Year Contract Extension with Fareportal, Inc

Sabre Corporation has renewed its long-term partnership with Fareportal to provide advanced shopping technology and access to Sabre's exclusive inventory of travel services including air, hotels, cars and cruises. The renewed agreement is a testament to the collaborative partnership the two companies have had in the past and will continue going forward. Sabre has worked with and supported Fareportal as the travel technology company has experienced exponential growth in North America and globally. Fareportal was founded in 2002 in the United States and has grown to be one of the online travel agencies in the world. They partner with over 450 airlines, over one million hotels and hundreds of car rental companies around the world. Fareportal's unique hybrid business model bridges the gap between an online travel agency and a traditional agency by providing online booking capabilities as well as 24x7 access to live travel agents. As Sabre continually innovates and improves its technology offerings, Fareportal will be among the first customers to have access to these new technologies. Fareportal has been able to optimize and grow their business in part because of Sabre's strategic position as a technology provider to many different verticals across the industry – allowing Fareportal to have an impact on its customers through all of their unique channels and services.

Fareportal appoints Michael Schmeltzer as Senior Vice President of Merchandising and Attachments

Fareportal announced the appointment of Michael Schmeltzer to the newly created position of Senior Vice President of Merchandising and Attachments, based in their New York City headquarters. In this role, Schmeltzer will drive growth of the online travel agency's ancillary business which includes paid airline seats, pre-paid baggage, hotels, and rental cars. Prior to joining Fareportal, Schmeltzer led the merger of US Airways Vacations and American Airlines Vacations. As president of the new entity, he aligned all facets of the business with the common goal of achieving accelerated growth and higher margins. His extensive background in the travel industry, specifically within supplier relations, will be instrumental to Fareportal's growth in the attachments business, a significant revenue opportunity for the online travel agency. In addition to his previous role at American Airlines Vacations, Mr. Schmeltzer brings a wide range of experience from Honda Motors, Rosenbluth International, American Express, Carlson Wagonlit Travel, and US Airways.

Fareportal and Amadeus Extend Partnership to Deliver Travel Distribution Services Around the World

Fareportal has entered into a new and extended distribution agreement with Amadeus, as part of Fareportal's ambitious plans to expand on a global level. Under the new agreement, the two companies have renewed their long-standing partnership whereby Amadeus has served as Fareportal's global distribution provider in the US, Canada, Mexico, and the UK. Now the partnership scope has been extended to empower Fareportal's vision and plans for global expansion, providing it with access to over 40 countries across Europe, Asia-Pacific and Latin America.

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