Booking.com is in Talks to Acquire Synxa to Offer the All-in-One Concierge Arbitrage Software to its B2B Customers
Grand News Network May 26, 2024
United States, 26th May 2024 - Booking.com, a leading online travel reservations provider, is considering acquiring Synxa, a B2B travel inventory software company known for its extensive and diverse platform. This platform provides over one million unique travel-related inventories, including private jets, exotic cars, luxury villas, upscale hotels, resorts, yachts, and event tickets. The acquisition aims to expand Booking.com's service offerings in the travel industry.
As an All-in-One Concierge Arbitrage Software, Synxa has gained attention for enabling travel agencies to access exclusive, discounted rates on a global scale, allowing them to add their own markup for profit. This capability is facilitated through a software system that integrates directly with travel agencies, brokers, travel advisors, or individuals wanting to own a travel business website via a customisable plug-in and easy-to-use web application, simplifying inventory management and enabling competitive pricing.
The acquisition of Synxa could be a strategic step for Booking.com to expand its mission to simplify global travel. By incorporating Synxa’s technology and extensive network of travel products into its platform, the company can enhance the operational capabilities of travel agencies, advisors, and brokers worldwide."
Synxa’s software is notable for its user-friendly design, offering agencies a guide for integrating the inventory system, customisation options for pricing, and marketing tools. Additional features of the platform include guest communication tools, financial reporting, and AI-assisted listing editing, which streamline operations for travel agencies.
The spokesperson of Synxa said, "Joining Booking.com will mark a significant milestone for Synxa. It reflects our team's hard work and commitment to serving the travel industry. Our technology equips agencies to maximise their business potential by offering access to a wide-ranging marketplace of travel inventory at competitive rates."
The travel industry is trending towards more integrated solutions for managing travel and accommodations. This acquisition reflects the evolving dynamics of the sector. Analysts anticipate that combining Booking.com’s broad customer base with Synxa’s extensive inventory management technology will enhance the travel industry, providing more options and convenience to travel professionals and consumers.
The merger of Booking.com and Synxa's capabilities is expected to foster significant developments in the marketing, management, and consumption of travel products, affirming Booking.com's role as a leader in the travel industry and signalling new opportunities for growth for travel agencies using Synxa’s technology.
About Company:
Synxa, founded in 2015, develops B2B software that provides travel agencies, brokers, advisors, and individuals who want to own a travel business with access to a vast range of discounted, exclusive travel inventories. Together, they aim to streamline travel inventory management and expand market offerings, supporting thousands of travel professionals worldwide.
Visit the official website https://synxa.com/ for any media or commercial inquiries or email contact@synxa.com.
Disclaimer: The views, recommendations, and opinions expressed in this content
belong solely to the third-party experts. This site was not involved in the writing and
production of this article.
United States, 28th Jun 2024, King NewsWire – PimpMyEV, a passionate collective of electric vehicle (EV) enthusiasts, is proud to announce the launch of the most extensive collection of Tesla mods ava...
In the cities of Stockholm, Goteborg and Malmo members of the Scientology community came together to commemorate a milestone in their history, the registration as a religious community in March 2000....
Explore Turkey effortlessly with Visa-Turkey’s streamlined tourist visa application process. Discover a comprehensive guide for a hassle-free experience: Tourist Visa Application for Turkey. Tailored...
Indonesia, 24th May 2024 - The popular online gaming platform Winslot is pleased to introduce the newest additions to its popular Slot Gacor games. Now that the most recent SLOT88 technology for 2024...
United States, 11th Mar 2024, King NewsWire - MathCelebrity, the leading automated online math tutor with a global user base of 8.1 million parents and students, proudly announces the release of its i...
South Brisbane, Australia, 26th Jul 2024 - Align Health Collective is proud to announce the introduction of advanced shoulder physiotherapy solutions designed to improve patient outcomes in South Bris...
London, United Kingdom, 5th Apr 2024 – In a world where digital currencies are constantly evolving, LopeCoin emerges as a breath of fresh air, combining innovation with a strong community focus. Built...
Bangladesh, 19th Aug 2024, CANADA VISA FOR HUNGARY CITIZENS: Travelers arriving in Hungary must have reasons such as business, leisure, or transit to enter the country. Hungarian tourists must realize...
Are you ready to revolutionize your workout routine? WELLFIT is excited to announce a remarkable limited-time promotion on the Foldable Treadmill Auto for Home, exclusively on Amazon. Originally price...