CheapOair®, the leading flight-focused hybrid travel agency, has today announced its travel trend predictions for 2018. By analyzing year-over-year data, and taking factors into consideration such as the economy, demographics of travelers, airline trends, and more, CheapOair is anticipating some interesting travel developments for the New Year.
According to recent reports by the FAA, industry revenue in 2017 is expected to finish out with about a 4% increase. CheapOair predicts that in 2018, the travel industry can expect to see even more growth that could approach 6%. With this growth and with travelers constantly looking for new ways to save money on airfare, fare unbundling will become more popular among both legacy and low cost carriers alike, giving travelers complete control over what benefits they are willing to pay for and omit, in order to find the cheapest prices for their flights.
Another trend that will continue to develop throughout 2018 is the rise of low-cost international travel, with International Basic Economy options. Three of the six legacy carriers have completed the implementation of Basic Economy on domestic routes which will continue to drive down market prices. Moving into 2018, some are expected to add these fares to international routes as well to compete with the rise of international low cost carriers.
Following the entrance of a new air carrier into the market, Hawaii will be a destination to look out for in 2018, with fares expected to be as low as $300 from the West Coast. Travel to Central America is expected to continue increasing as well, according to CheapOair’s booking data, as traveler numbers to destinations like Honduras and Nicaragua are up more than 70% over the past 5 years. Additionally, it’s likely that travel brands will be using their mobile apps for more than just booking – focuses on unique elements such as trip planning tools, and check-in/check-out features will be a highlight in 2018.
By consistently monitoring travel trends, CheapOair’s mission is to educate and aid consumers and travel professionals in both planning their travel accommodations and staying current on the most popular destinations.
CheapOair is a flight-focused, hybrid travel agency that enables consumers to book online, on mobile apps for iOS and Android, by phone or live chat. CheapOair (https://www.cheapoair.com, 1-646-738-4820) bridges the gap between an online and traditional travel agency with certified travel agents available to help find deals and offers to destinations worldwide on over 450 airlines, 1 million hotels, and 100s of car rental companies. Partner airlines benefit from access to CheapOair’s broad customer base that books high yield international travel and add-on ancillaries at above the industry average. Follow CheapOair on Facebook and Twitter to learn how to travel the world for less.
Sabre Corporation (NASDAQ: SABR), the leading technology provider to the global travel industry, 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.
“By extending our partnership with Fareportal, Sabre will provide industry leading capabilities and differentiated solutions to drive their continued growth and success by achieving current business goals and expanding their offerings in the future,” said Jay Jones, senior vice president for Sabre Travel Network in the Americas. “Fareportal touches many different points in a traveler’s journey and their unique offerings and expanded technology will continue to benefit the end consumer. We’ve had a great working relationship for years and are very much looking forward to building on that relationship.”
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.
“Sabre has been a valued partner whose technology has helped us evolve to stay on the leading edge of the travel industry,” said Sam S. Jain, founder and CEO of Fareportal. “We believe by continuing and expanding on our existing relationship we will only see more growth and success, allowing us to better serve and satisfy our customers as their needs shift.”
Sabre Corporation is the leading technology provider to the global travel industry. Sabre’s software, data, mobile and distribution solutions are used by hundreds of airlines and thousands of hotel properties to manage critical operations, including passenger and guest reservations, revenue management, flight, network and crew management. Sabre also operates a leading global travel marketplace, which processes more than US$120 billion of global travel spend annually by connecting travel buyers and suppliers. Headquartered in Southlake, Texas, USA, Sabre serves customers in more than 160 countries around the world.
Fareportal is a travel technology company powering a next generation travel concierge service. Utilizing its innovative technology and company owned and operated global contact centers, Fareportal has built strong industry partnerships providing customers access to over 450 airlines, one million hotels, and hundreds of car rental companies around the globe. With a portfolio of consumer travel brands including CheapOair and OneTravel, Fareportal enables consumers to book online, on mobile apps for iOS and Android, by phone, or live chat. Fareportal provides its airline partners with access to a broad customer base that books high-yielding international travel and add-on ancillaries.
Fareportal, a leading global travel technology company, is proud to announce that it’s locations in India are now ISO/IEC 27001:2013 certified.
The ISO/IEC 27001:2013 is an internationally recognized accreditation for Information Security Management Systems to ensure that strict security measures
are in place within an organization to protect the privacy of customer data. Fareportal joins a small group of online travel companies to be certified as compliant with this standard. The evaluation for this well-respected certification was performed by external auditor, British Standards Institute (BSI).
“Being leaders in the travel industry, it is important for Fareportal to have the best information security policies and practices in place,” said Ankur Ahuja, Vice President of Information Security (CISO) at Fareportal. “By benchmarking security posture against recognized standards, like the ISO/IEC 27001:2013, Fareportal reflects its deep commitment to maintain customer’s data confidentiality which enhances the customer experience while booking with Fareportal.”
Continual advancement of security measures for online travel companies is critical in order to protect sensitive customer and partner information. The ISO/IEC 27001:2013 certification provides assurance to stakeholders that Fareportal is taking a systematic approach to managing sensitive company information.
Ahuja added: “This certification further helps Fareportal to gain competitive advantage and prevent ongoing and evolving cyber threats.”
“Our security teams in India worked hard to prepare for these audits and we are very proud to have passed the rigorous evaluation the ISO/IEC 27001:2013 has set forth,” said Sam S. Jain, Founder and CEO at Fareportal. “This certification ensures that our locations are operating in accordance with global standards and that we are keeping our customer’s data secure worldwide.”
Fareportal is a travel technology company powering a next generation travel concierge service. Utilizing its innovative technology and company owned and operated global contact centers, Fareportal has built strong industry partnerships providing customers access to over 450 airlines, 1 million hotels, and hundreds of car rental companies around the globe. With a portfolio of consumer travel brands including CheapOair and OneTravel, Fareportal enables consumers to book online, on mobile apps for iOS and Android, by phone, or live chat. Fareportal provides its airline partners with access to a broad customer base that books high-yielding international travel and add-on ancillaries.
Excellence Awards CheapOair won the 2014 International Service Excellence Award from the Customer Service Institute of America and International Council of Customer Service Organizations.