TripStax said that the number of data points added to bookings from third parties through its TripStax Core processing system had increased by 185 per cent in 2023 compared with the previous year.
The company said this rise was “primarily due” to increased demand for data needed for CO2 reporting, as well as for duty of care and wellbeing services for travellers.
This included 43.6 million automated requests sent by TripStax to sustainability reporting platform Thrust Carbon, which was an 18 per cent rise on 2022’s requests.
There was also a 54 per cent year-on-year increase in requests from security and travel wellness specialists for bookings data from the TripStax Core. In total, 88 per cent of all bookings through TripStax received requests from third-party suppliers for this type of data.
Jack Ramsey, CEO of TripStax, said: “The growth of TripStax since we launched to market is evidence that our focus on data management as the driver for much-needed technology evolution in our industry is paying off.
“The increase in demand for automated carbon, risk and wellbeing data is just one sign that the evolution we set out to kick start is underway and TMCs want to migrate towards using a centralised data warehouse as a single point of truth for managing and enriching their customers’ travel data.”
TripStax, which only launched two years ago after being spun off from the ATPI Group, said it was now celebrating its “second year of impressive growth” with annual bookings increasing from three million in 2022 to 14.2 million last year and the number of individual travellers rising to 8.1 million.
The company added that it was now processing 84 million data exchanges per year, with each booking going through the TripStax system an average of six times as data is collected, updated and enriched during each booking’s lifecycle.
Tags: Jack Ramsey, TripStax, TMC technology
