Promoting Competition And Transparency For Consumer Choice And Economic Growth
Travel Tech members are the leaders in independent travel distribution and travel technology infrastructure enabling multiple distribution points for a wide array of travel services. Serving as the technological backbone of global travel, our members are catalysts for increased competition, which benefits the traveling public and promotes economic growth.
Today, approximately half of all air travel is booked through independent (that is, free of airline or other travel provider control) distribution channels. Every second, U.S. travel technology solutions providers process over 50,000 consumer queries, helping millions of Americans search, compare, and book travel options through innovative online travel agents and their airline partners. Because of the absolutely vital role travel intermediaries play in the ability of all Americans to travel, it is imperative that policymakers foster a clear understanding of travel distribution and the impact government action has on our ability to promote a competitive and dynamic travel ecosystem.
The evolution of the travel ecosystem has seen travel technology companies assume an irreplaceable position in the marketplace. Travel Tech members not only provide consumers with the ability to compare the all-in cost of the ever-growing array of travel options, but – in a larger sense – the technology and data-driven solutions developed by travel technologists have helped their many airline, hotel, and travel agency partners grow their businesses, create jobs, and transform the travel experience for millions. The colossal scale and advanced nature of this technology is unmatched in other industries and is vital to the travel – indeed the entire U.S. – economy.
By having a better appreciation for the role of technology in global travel, Congress and regulators can successfully balance the needs for smart regulations and free market growth – ultimately enabling the continued leadership of the U.S. travel industry. Air travel competition and consumer policy should address the core initiatives that support growth in the travel marketplace and bring economic and consumer benefit to all.