Travel Technology Initiative (TTI) has joined the new Travel Ledger board as advisor, where it will set the standards and control access, ensuring only accredited travel companies will be given access.
The Travel Ledger Alliance - launched last week by Dolphin Dynamics, Intuitive and Australia’s Tourism Technology – will also become a member of TTI and will work closely with the industry body to advocate the Travel Ledger platform and services to TTI members. It will also ensure that any future development is in line with other standard-setting initiatives.
The Travel Ledger platform seeks to replace the current billing, reconciliation and settlement process to make it fast, easy and inexpensive to transact non-airline provided travel services.
The TTI has been developing and promoting technology standards in the travel industry since 1989. In that time, TTI has become the recognised authority on Electronic Data Interchange and e-commerce within the European travel industry and has also developed and introduced standardised ticket formats for ATB2, published the ferry standard Unicorn and more recently coordinated the roll out of TTI codes to uniquely identify hotels.
Roberto Da Re, founder of the Travel Ledger Alliance, said: ”TTI has considerable experience in developing and setting standards for the travel industry and their expertise in this area will be extremely beneficial to the Travel Ledger Alliance. Furthermore, we greatly value their input in a ￼governing role for the Travel Ledger platform.”
Tim Wright, chairman of the TTI added: “I am really excited about working with the new Travel Ledger initiative. The industry has been crying out for a workable solution to the non-airline billing, reconciliation and settlement process. This speedy, cost effective and easy-to-use solution is the way forward. TTI is delighted to be involved and add our knowledge and expertise to this new venture. This is exactly the type of technology standard that TTI is looking for and we are delighted to be involved right from the start."
The TTI and Travel Ledger Alliance are hosting a joint event on March 1, 2018 from 6.30-8.45pm at Browns in London’s Covent Garden, during which the Travel Ledger initiative will be officially presented. To register for your place, visit travelledger.org to receive its newsletter and an invitation to the event, or register on the TTI website.
Meanwhile, the Travel Ledger Alliance is continuing to form an advisory board of industry players to steer the project.