Travel Technology Interactive

Last updated
Travel Technology Interactive
Company type Société Anonyme
Euronext Paris:  ALTTI
ISIN FR0010383877
Industry Travel Technology
Founded2001
Headquarters Paris, France
ServicesIT systems for the travel industry
Number of employees
200
Subsidiaries TTI France
TTI do Brasil
TTI Asia
TTI Caraïbes
TTI Americas

Travel Technology Interactive Group (also known as TTI) is a French-based international company. It is specialized in IT software for the management of airlines. It provides an Airline Reservations System with an integrated Global Distribution System (GDS).

Contents

The company was originally created in 2001, as a dedicated IT company for Air Antilles Express. In 2005, it became an Amadeus IT Group worldwide business partner. [1] In August 2006, it became an IATA StB Preferred Partner. [2] The next year, it acquired a competitor in Latin America, CIONS Software, [3] a Brazilian IT company based in Ribeirão Preto (Brazil) and renamed it TTI do Brasil. In November 2007, it opened its first subsidiary, TTI Caraïbes, based in Baie-Mahault (Guadeloupe). In May 2008, Travel Technology Interactive signed a cooperation agreement with Hahn Air [4] for it to provide complementary BSP distribution services to Travel Technology Interactive's airline customers. In 2010, the company opened its subsidiary TTI Asia in Singapore. On April 18, 2011, Travel Technology Interactive was listed on NYSE Alternext in Paris. [5] In 2016, a new subsidiary, TTI Americas, opened in Panama.

Customers

See also

Related Research Articles

LATAM Airlines Brasil, formerly TAM Linhas Aéreas, is the Brazilian brand of LATAM Airlines Group operating international and domestic flights from hubs in Rio, São Paulo, and Brasília. According to the National Civil Aviation Agency of Brazil (ANAC), between January and December 2019, LATAM had 34.7% of the domestic, and 20.9% of the international market share in terms of passenger-kilometers flown, making it the second largest domestic and largest international airline in Brazil.

Computer reservation systems, or central reservation systems (CRS), are computerized systems used to store and retrieve information and conduct transactions related to air travel, hotels, car rental, or other activities. Originally designed and operated by airlines, CRSs were later extended for use by travel agencies, and global distribution systems (GDSs) to book and sell tickets for multiple airlines. Most airlines have outsourced their CRSs to GDS companies, which also enable consumer access through Internet gateways. Modern GDSs typically also allow users to book hotel rooms, rental cars, airline tickets as well as other activities and tours. They also provide access to railway reservations and bus reservations in some markets, although these are not always integrated with the main system. These are also used to relay computerized information for users in the hotel industry, making reservation and ensuring that the hotel is not overbooked.

The abbreviation TTI can refer to:

<span class="mw-page-title-main">SITA (business services company)</span> Swiss multinational information technology company

SITA is a multinational information technology company providing IT and telecommunication services to the air transport industry. The company provides its services to around 400 members and 2,500 customers worldwide, which it claims is about 90% of the world's airline business. Around the world, nearly every passenger flight relies on SITA technology.

<span class="mw-page-title-main">Arab Air Carriers' Organization</span>

The Arab Air Carriers' Organization is a non-profit organization with 37 constituent airline members from 19 countries within North Africa and the Middle East. The constituent countries are Algeria, Bahrain, Egypt, Iraq, Jordan, Kuwait, Lebanon, Libya, Mauritania, Morocco, Oman, Palestine, Qatar, Saudi Arabia, Sudan, Syria, Tunisia, the United Arab Emirates and Yemen; all within the Arab world. It is headquartered in Beirut, Lebanon. The AACO members collectively offer 3,371 daily flights to 435 airports in 126 countries.

Aviation in Singapore is a key component of the Singaporean economy. Besides currently the sixth busiest airport and the fourth busiest air cargo hub in Asia, the Singaporean aviation industry is also a significant aerospace maintenance, repair and overhaul centre.

OAG is a global travel data provider with headquarters in the UK. The company was founded in 1929 and is operated in the USA, Singapore, Japan, Lithuania and China. It has a large network of flight information data including schedules, flight status, connection times, and industry references such as airport codes.

<span class="mw-page-title-main">Amadeus IT Group</span> Spanish travel technology company

Amadeus IT Group, S.A. is a major Spanish multinational technology company that provides software solutions for the global travel and tourism industry. It is the world's leading provider of travel technology that focus on developing software for airlines, hotels, travel agencies, and other travel-related businesses to enhance their operations and customer experiences.

NYSE Euronext, Inc. was a transatlantic multinational financial services corporation that operated multiple securities exchanges, including the New York Stock Exchange, Euronext and NYSE Arca. NYSE merged with Archipelago Holdings on March 7, 2006, forming NYSE Group, Inc. On April 4, 2007, NYSE Group, Inc. merged with Euronext N.V. to form the first global equities exchange, with its headquarters in Lower Manhattan. The corporation was then acquired by Intercontinental Exchange, which subsequently spun off Euronext.

Synergy Group Corp. is a South American conglomerate created and owned by Germán Efromovich. The group is headquartered in Rio de Janeiro, Brazil. It operates several airlines in South America, among which are Avianca Group, with a 66.66% stake, and is active in the exploration of oil and natural gas throughout the region. Additionally, it operates hydroelectric power plants, participates in the construction of telecommunications infrastructure, shipbuilding and technical inspections, radiochemistry, radiopharmaceuticals, agriculture and hospitality.

<span class="mw-page-title-main">Global distribution system</span> Type of computerised network system

A global distribution system (GDS) is a computerised network system owned or operated by a company that enables transactions between travel industry service providers, mainly airlines, hotels, car rental companies, and travel agencies. The GDS mainly uses real-time inventory from the service providers. Travel agencies traditionally relied on GDS for services, products and rates in order to provide travel-related services to the end consumers. Thus, a GDS can link services, rates and bookings consolidating products and services across all three travel sectors: i.e., airline reservations, hotel reservations, car rentals.

The OpenTravel Alliance is a not-for-profit trade association founded in 1999.

Airline reservation systems (ARS) are systems that allow an airline to sell their inventory (seats). It contains information on schedules and fares and contains a database of reservations and of tickets issued. ARSs are part of passenger service systems (PSS), which are applications supporting the direct contact with the passenger.

Videcom International Limited is a United Kingdom travel technology company based in Henley-on-Thames. It designs, develops and provides modern computer reservations systems to airlines and the travel industry, specializing in the hosting and distribution of airline sales.

Alternate air ticket purchasing order systems allow for alternative ways of purchasing air tickets and GDS Connectivity not involving Internet or personal TA contact.

Amadeus is a computer reservation system owned by the Amadeus IT Group with headquarters in Madrid, Spain. The central database is located at Erding, Germany. The major development centres are located in Sophia Antipolis (France), Bangalore (India), London (UK), and Boston. In addition to airlines, the CRS is also used to book train travel, cruises, car rental, ferry reservations, and hotel rooms. Amadeus also provides New Generation departure control systems to airlines. Amadeus IT Group is a transaction processor for the global travel and tourism industry. The company is structured around two key related areas—its global distribution system and its "IT Solutions" business area.

Air France, stylised as AIRFRANCE, is the flag carrier of France headquartered in Tremblay-en-France. It is a subsidiary of the Air France–KLM Group and a founding member of the SkyTeam global airline alliance. As of 2013, Air France serves 29 destinations in France and operates worldwide scheduled passenger and cargo services to 201 destinations in 78 countries and also carried 46,803,000 passengers in 2019. The airline's global hub is at Charles de Gaulle Airport with Orly Airport as the primary domestic hub. Air France's corporate headquarters, previously in Montparnasse, Paris, are located at the Roissypôle complex on the grounds of Charles de Gaulle Airport, north of Paris.

<span class="mw-page-title-main">Hitit Computer Services</span>

Hitit Computer Services is a travel technology company that provides commercial and operational IT systems for the airline and travel industry. It is headquartered in the ITU Arı Technopolis science park on the campus of Istanbul Technical University. Hitit is publicly listed at the Borsa Istanbul stock exchange since March 2022.

Navitaire LLC is a subsidiary of Amadeus IT Group. Navitaire primarily offers systems for passenger reservations, travel commerce, ancillary revenue and merchandising, as well as revenue accounting and revenue management to airlines and rail companies.

<span class="mw-page-title-main">WorldTicket</span>

WorldTicket (WT) was founded in 2002 and is a global provider of information technology and software to airlines. In May 2022, it was announced that WorldTicket had been acquired by 777 Partners, a Miami-based private investment company.

References

  1. Amadeus Press release December 12, 2005
  2. IATA Strategic Partnerships Archived 2012-03-14 at the Wayback Machine IATA Webpage
  3. CIONS purchased by TTI Archived 2011-11-24 at the Wayback Machine Press release, 2007
  4. Hahn Air cooperation agreement Archived 2010-11-01 at the Wayback Machine Press release, May 13, 2008
  5. TTI on NYSE Alternext Article in French, May 18, 2011