World Travel Tech Awards Honors Fetcherr as the Top Travel Tech Startup

Fetcherr, an innovative tech startup, proudly clinches the titles of World's Leading Travel Tech Startup and Middle East's Top Travel Tech Startup from the prestigious World Travel Tech Awards 2023.

The World Travel Tech Awards stands as a sibling to the long-established World Travel Awards, a distinguished event that has celebrated excellence in the realms of hospitality, tourism, and travel for years. These prestigious awards are determined through the collective voice of travel professionals, renowned media authorities, and discerning global consumers. They recognize the full spectrum of the international travel technology sector.

Roy Cohen, Co-Founder and CEO of Fetcherr, expressed enthusiasm about the recognition and shared, "We are honored to stand amongst visionary startups and renowned travel technology brands. Our distinctive generative AI pricing engine plays a pivotal role in the airline industry." He added, "At Fetcherr, we firmly believe in the potential of generative AI and expansive market models to revolutionize the airline sector. Every day, we are pushing the boundaries of travel technology."

The announcement of the World Travel Tech Awards 2023 winners took place during the grand World Travel Tech Awards Gala Ceremony 2023 on Sunday, October 15, 2023, hosted at the opulent Atlantis the Royal in Dubai. This star-studded event brought together luminaries from the realms of travel and technology, attracting professionals from across the globe to one of the most buzzed-about new establishments of the year.

Fetcherr clinched the titles of World's Supreme Travel Technology Startup and Top Travel Technology Startup in the Middle East in acknowledgment of their groundbreaking generative pricing engine (GPE). This cutting-edge technology is utilized for revenue management by iconic airlines such as Azul Airlines, Virgin Atlantic, and Royal Air Maroc. The GPE equips airlines with the ability to effortlessly access finely detailed, high-frequency pricing, inventory management, and publishing capabilities, all seamlessly integrated into a fully automated system. This comprehensive solution covers everything from pricing to publishing, ultimately leading to significant cost savings and real-time fare updates. In essence, the GPE empowers airlines to optimize their operations and achieve substantial revenue growth.

Fetcherr, an Israeli Algo Trading-based startup, has pioneered a proprietary AI-driven pricing system. They employ well-established reinforcement AI models to boost airline revenue by enabling high-frequency pricing. Founded in 2019 by a team of experts in deep learning, Algo-trading, e-commerce, and legacy architecture digitization, Fetcherr is on a mission to disrupt traditional, rule-based (legacy) revenue systems through the application of deep learning methodologies, with the airline industry being the starting point for this transformation.

 

Source: newsobserver.com