The Flight Centre Travel Group (FLT) has reinforced its commitment to providing customers with the widest choice of airfares by increasing its investment in travel technology business TP Connects (TPC).
The company has agreed to increase its equity interest from 22.5% to 70% in the Dubai-based software as a service (SaaS) business, which has been at the forefront of ongoing changes to traditional distribution models.
FLT initially invested in TPC in February 2020 with a view to supercharging the development of TPC’s innovative technology platform, which aims to shape the future of travel distribution by aggregating content from multiple sources such as Global distribution systems (GDSs), direct feeds from low-cost carriers (LCCs), emerging supplier-direct channels and other third party NDC aggregators.
TPC has a proven track record in NDC and provides a centralised NDC Gateway which services customers in both the aviation and travel agency sectors. The business offers travel…