Wenrix utilizes a proprietary AI fare engine to analyze daily price fluctuations across billions of airfares, enabling travel agencies to predict fare changes and optimize ticketing times. This technology increases profit margins by 3% to 5% on air volume, ensuring clients secure the best possible prices for their travelers.
Funding
$20.7M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Travel agencies and travel management companies often struggle to secure the optimal prices for air travel due to constant fare fluctuations and the complexity of predicting future price changes. This can lead to missed savings opportunities and reduced profit margins.
Solution
Wenrix offers an AI-powered airfare optimization suite that analyzes billions of daily price fluctuations to predict fare changes and optimize ticketing times. The platform helps Online Travel Agencies (OTAs), Travel Management Companies (TMCs), tour operators, and corporations increase profit margins by ensuring travelers obtain the best possible price. Wenrix's AI engine processes over $3 billion in air volume to identify savings opportunities and increase conversion rates at every step of the booking flow. The system integrates with major Global Distribution Systems (GDS) and can be customized to fit existing agency workflows, allowing clients to focus on specific phases of the shopping and ticketing journey.
Target Audience
Wenrix primarily targets Online Travel Agencies (OTAs), Travel Management Companies (TMCs), tour operators, consolidators, retailers, and corporations involved in booking air travel.
Features
- AI-powered fare prediction engine analyzing billions of airfares daily
- Integration with major Global Distribution Systems (GDS)
- Customizable platform to fit existing agency workflows
- Identification of savings opportunities throughout the booking process
- Monitoring of daily price fluctuations to assure the best future price
- Plug-and-play integration in approximately 3 weeks