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Winding Tree announces its zero-fee marketplace for the travel industry

Direct News Source

Mar-2020 Winding Tree announces its zero-fee marketplace for the travel industry

Winding Tree is reshaping the travel industry with the launch of a travel marketplace that directly connects buyers and sellers of travel without fees

Winding Tree, the open-source travel distribution platform, announces its completely free marketplace for the travel industry that enables a secure and direct connection between distributors and suppliers on a single platform, all with zero fees, full channel-inventory control, and minimal tech investment.

Historically, the widespread global fragmentation of travelers and suppliers has warranted a critical role for intermediaries in ensuring the efficient distribution of travel products. Without the facilitation of the intermediation process, the rapid growth of the industry in recent decades would not have been possible. This said, in recent years, a limited number of intermediaries have come to dominate the market, in due course raising marketing costs for suppliers and, ultimately, end prices for consumers. Winding Tree's marketplace rebalances these industry dynamics in the consumer's favor.

The Winding Tree platform provides the four key pillars of a future-proof modern marketplace for travel:

  • ORG.ID is an open network of trusted organizations, including airlines, hotels, car rentals, airports, and insurance providers. ORG.ID authenticates each company to build trust, boost confidence, and streamline interactions between marketplace participants so they can always know who they're doing business with - all without the need for an intermediary and with full control over their own distribution networks.
  • Glider is the world's first open-source OTA. Glider serves as an example of how to leverage the ORG.ID network, pulling together suppliers, sellers, and software providers into a single marketplace, all directly connected in an authenticated and secure way. Lower cost, greater controls, more transparency - this is the power of ORG.ID.
  • Arbor is the portal to the ORG.ID network. It's a user-friendly dashboard for interacting with the ORG.ID network, including creating and managing business IDs and communicating with other marketplace participants.
  • Simard Pay is a B2B payments-settlement solution to facilitate settlements between participants for the transactions realized through the Winding Tree platform. It translates ORG.ID's trusted and secure environment into seamless payments, so everyone gets paid what they're owed, on time, and without delay.

"As Winding Tree's platform continues to emerge, a world in which we can all connect to each other, without monopolies or rent-seeking intermediaries, is starting to become a reality," says Maksim Izmaylov, CEO and Co-Founder of Winding Tree.

"With the launch of this marketplace, Winding Tree is reshaping travel by connecting travel companies with no extra fees, no intermediates, no loss of control, and no data withheld," says Pedro Anderson, COO and Co-Founder of Winding Tree.

This press release was sourced from Winding Tree on 18-Mar-2020.