Fareportal Named Top 10 in Esteemed Travel Industry Power List

Fareportal, the travel technology company powering online travel agencies CheapOair and One Travel, landed the 10th place spot in the 2021 Travel Weekly Power List. This annual ranking, published by the prestigious industry journal, highlights travel industry leaders in the business and leisure travel space.

“It is extremely gratifying to once again be recognized by the editors of Travel Weekly.  Travel is an extremely complex business that requires ongoing diligence to maintain leading-edge technological capabilities,” said Werner Kunz-Cho, CEO of Fareportal.  He comments further, “We are very proud of our Fareportal team members, who have dedicated their efforts to providing the traveling public with an excellent flight and travel booking experience.”

The 2021 Power List is unusual, given the circumstances caused by the global pandemic.  Companies were asked to share information regarding the impact on their business caused by the events of last year, and their thoughts regarding the recovery of travel.  With the exception of 2020 merger and acquisition activity, rankings were frozen at previous levels and represent gross travel sales in pre-pandemic 2019.

Glenn Cusano, CO-CEO and CFO at Fareportal comments, “We see travel numbers getting better every week.  The challenge today is to identify and stay responsive to trends in the marketplace.  Consumer travel behaviors are shifting rapidly as domestic and global travel restrictions are updated.  Our focus on data science to inform our corporate decision-making serves us very well in this environment.”

About Fareportal  
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 600 airlines, a million hotels, and hundreds of car rental companies around the globe. With a portfolio of consumer travel brands including CheapOair and One Travel, 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 and domestic flights, hotels, and other travel and add-on ancillaries.


CheapOair Reports: Mature Market Travel Shows Signs of Recovery

According to the CDC’s latest information, 63.7% of Americans have now received the Covid-19 vaccine.  Not surprisingly, the highest vaccine adoption levels are in older age groups.  Persons 50-64 index 136 against their representative percentage of the population for vaccination; 65-74 index 170; and persons 75 and older index 164.  Overall, 86% of persons 65+ have received at least their first dose of the vaccine, and 75% of this demographic group in the USA are now fully vaccinated.

There are also positive indicators that US vaccination levels appear to be contributing to air travel flight booking trends.  According to leading online travel agency CheapOair, flight bookings by passengers 55 years of age and older are trending solidly upward.  The OTA reports a 21% increase in 2021 year-to-date bookings as a percent of total for persons 55-64, and a significant 70% increase in the same data for seniors 65+.

Glenn Cusano, Co-CEO and CFO of Fareportal, the company behind CheapOair and One Travel comments, “We are watching industry trends, and our own booking data, very closely.  In addition to the mature market numbers, we are also seeing some interesting developments in US Domestic business travel activity. This sector has lagged behind leisure travel all year.  But since early May, business travel numbers have risen to a level on par with Leisure/Non-Family travel.  We’re still a long way from where we were in 2019, but it’s encouraging to see growth across multiple key areas.”

Indicators of a return to travel for seniors and the business market are fueling increased optimism across the travel industry as the summer travel season arrives in the northern hemisphere.

Please note: Before traveling, be sure to check local regulations and notices for any Covid-related restrictions, rules, and safety guidelines that may be in place. For additional information please visit the CDC website for up-to-date health and wellness information. 

About CheapOair
CheapOair is an online travel agency that specializes in providing cheap flights and great last-minute flight deals for travelers worldwide. Consumers can book online, on mobile apps for iOS and Android, by phone, or live chat. Part of Fareportal’s family of travel brands, CheapOair bridges the gap between an online travel agency and a traditional agency with travel agents available 7 days a week to help find great prices on flight tickets to global destinations on over 600 airlines, a million hotels, and 100s of car rental companies. Follow CheapOair on Facebook, Twitter, and Instagram for travel inspiration and helpful travel tips.