WizCom Sees 50 Percentgrowth In Transaction Volume Since Beginning Of 2005
PARSIPPANY, NJ | WizCom International, a developer of innovative connectivity technologies for the hotel and car rental industries and a subsidiary of Cendant Corporation (NYSE: CD), today announced record-breaking transaction volume since the onset of 2005. With a total of 207 million transactions in January 2005, WizCom provided its industry clients with an average 50 percent increase over January 2004 volume.
PARSIPPANY, NJ | WizCom International, a developer of innovative connectivity technologies for the hotel and car rental industries and a subsidiary of Cendant Corporation (NYSE: CD), today announced record-breaking transaction volume since the onset of 2005. With a total of 207 million transactions in January 2005, WizCom provided its industry clients with an average 50 percent increase over January 2004 volume. WizCom provides its hotel and car rental clients with secure and reliable 'next generation seamless' switch connectivity to access all global distribution systems (GDS), as well as ‘Hotel Cache’ a CRS buffering solution, and ‘Easy Access Plus’ a suite of Data Management tools.
WizCom’s success has also enabled positive results for other Cendant Travel Distribution Services’ (TDS) clients that utilize its innovative connectivity technology including Neat Dynamic Packaging which calculated over 20 million lodging transactions since Jan. 1, 2005. Additionally, Galileo’s hotel and car business that went through WizCom’s switch jumped over 180 percent in Jan. 2005 (compared to Jan. 04).
“Our main objective is ensuring continued growth for our clients within TDS’ diverse portfolio of assets,” said Richard Wiegmann, COO, WizCom and TRUST International, Cendant Travel Distribution Services Division. “The rise of WizCom's volume validates our efforts in providing top-notch, innovative technology to our customers which allows mutual success for all.”
TDS provides a complete end-to-end travel distribution offering that drives costs down and revenue up for suppliers and agency customers. WizCom’s Switch connects a supplier’s CRS to all major GDSs without the issues and costs associated with direct interfaces to each GDS separately. This service provides both hotel and car rental companies with maximum market penetration and global distribution, supplying seamless connectivity to thousands of travel agents worldwide. At the same time, WizCom's 'next generation seamless' technology assists travel agents by allowing them to book the same inventory and rates that are seen by a company's own in-house reservations staff.