Travelport has agreements with “major” hotel and travel management company partners to pilot a hotel commission tracking and collection system using blockchain technology from IBM. Travelport chief architect Mike Croucher said during a Monday interview that he would be disappointed if the initiative did not produce a working solution this year.
Other industry efforts to apply blockchain to commission processing involve companies including CWT.
Commissions represent a vital revenue stream for travel agencies that in many cases helps hold down management and transaction fees charged . . .