This deal, according to Intuitive, underpins Loveholiday’s ambition to grow the business and provides it with the flexibility to access more product, optimise speed and scale and bring further operational efficiencies.
The iVector platform links to Loveholidays.com’s in-house website and booking engine to provide the company with the advantage of quick-to-market directly contracted hotel rates - either fixed negotiated rates or dynamically sourced via channel managers.
The latest signing follows the loss of previous customer Lowcosttravelgroup. Intuitive was spun-off from Lowcost in a private equity-backed buyout in 2012, with the technology company continuing to work with the company. However, Lowcost collapsed earlier this year leaving close to £50 million in debts.
Intuitive managing director Paul Nixon said: “This exciting project further demonstrates the credentials of the technology we’ve built at Intuitive. Loveholidays.com are a high-volume ambitious and innovative OTA who place a premium on their technology. We couldn’t be more delighted to work with them on this project”
https://flymy.co.uk/news/news/lowcost-creditors-report-puts-shortfall-at-489-million-6994
