SAN DIEGO, Aug. 5, 2013 /PRNewswire/ -- ARCLabs, a research and development initiative within ARC, announces its introduction of FareSight today at the opening of the 2013 GBTA (Global Business Travel Association) Convention. FareSight is an advanced solution for Corporate Travel Managers to optimize their corporate air travel policies and programs.
FareSight helps corporate travel managers optimize their air travel policies by employing current and historic ARC data directly related to their individual organizations. The tool analyses an individual company's air travel patterns, travel spending and average ticket price and compares those factors with the overall market. In addition, FareSight allows corporate travel managers to profile travellers' preferences based on actual ticket travel – not just preference surveys or policy compliance.
"This tool gives corporate travel departments the necessary insight for fare optimization, and thus the ability to demonstrate value to the organization as a whole," said Doug Weeks, director of global sourcing at Booz and Company.
Michael Brennan, managing partner of Kessel Run Corporate Travel Solutions, commented about FareSight: "Corporate travel departments can see exactly where their 'problem children' are. This tool quickly pinpoints areas where fares could be improved."
Corporate travel managers attending GBTA are invited to stop by ARC's booth (#545) for a demonstration of FareSight. At the booth, and on the ARCLabs information page (arccorp.com/arclabs), visitors can volunteer to be included in the ARCLabs initiative by lending their ideas and insight in exchange for beta testing opportunities and pre-release information.
ARC is also hosting an exclusive after-party for GBTA attendees with co-sponsors Diio and UATP on Monday, August 5 from 9 p.m.-12:00 a.m. at Hard Rock Hotel's Float rooftop bar. Those wishing to attend are asked to stop by booth #545 to receive their all-access backstage pass.
ARC powers the U.S.-based travel network with premier business solutions, travel agency accreditation services, process and financial management tools, and powerful data analytics. Nearly 14,000 travel agencies and 190 airlines use ARC's settlement services, which in 2012 totaled more than $84 billion. As the industry's gold standard of accreditation, ARC allows participating agencies and carriers to focus on what's important – increasing their revenue. Established in 1984, ARC is headquartered in Arlington, Va. For more information, visit www.arccorp.com
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