A Global Travel Agency Finds Side Hustle Selling Its Own Tech
Photo Credit: TripStax will offer a complete suite of platforms, including a booking tool, profile manager, analytics, duty of care and traveler tracking platforms. Unsplash / Leon
Skift Take
After investing in other companies, ATPI plans to licence its software to other travel agencies through a new venture called TripStax. But can it emulate the success bigger rivals have had?
Travel businesses react in different ways to a crisis. In ATPI’s case, one response to the pandemic is to join the other mega-agencies that sell technology to other travel agencies. What ATPI may find: licensing can be a complex affair.
Working in ATPI's favor is its track record with technology startups. It recently invested $1.4 million in TapTrip for example, and almost $350,000 in Singapore’s Greywing platform. Now it wants to “set free” its own platform, according to its CEO, and make money licensing it to other companies that may not have the resources to build their own.
“Our own technology stacks that we’ve built, we’re actually going to be moving into a separate division so that, as well as a travel management company arm, we’ll have our own technology arm,” said Ian Sinderson.
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ATPI has weathered the storm relatively well compared to many of its pe
