HotelroomRX Release Final

Partnership Travel Consulting, LLC 301 North Harrison Street, Suite 214 Princeton, NJ USA 08540

Phone: +1.609.443.8460 * Email: [email protected]

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Media Contact: Don Munro Tel: 516-784-9068 [email protected] NEWS RELEASE For Immediate Release Partnership Travel Consulting Partners with Fare Audit, Inc., CTS Systems,

and Yapta to Power PTC’s Proprietary HotelroomRx Solution

n CTS Systems Technology Will Automatically Collect, Manage Hotel Commissions for PTC’s Corporate Clients

n Fare Audit Technology Will provide Live PNR Hotel Compliance Auditing

and Rate Integrity Validation

n Yapta’s IQ Technology Will Monitor Room Rates and Provide Real-time Data Insights and Analytics for Benchmarks and Best Practices

Princeton, New Jersey, July 18, 2016 – Partnership Travel Consulting, LLC (PTC), a leading worldwide travel management consulting group, today announced it has partnered with CTS Systems, Fare Audit, Inc. and Yapta, to provide a portfolio of hotel compliance, rate integrity and commission management services under PTC’s brand as HotelroomRx “Trying to optimize corporate hotel spend in the face of yield management systems and internal compliance is like trying to play three-dimensional chess with a Master,” said Founder & CEO of PTC Andrew W. Menkes. “By combining the resources of these three powerful companies, PTC can offer a one-stop solution managed by us on behalf of our clients.” Menkes added: “We’ve identified three of the best technology companies to support the hotel RFP process – Fare Audit to handle audit rate loading (including



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targeting “squatters”) and manage and report employee compliance to corporate preferred properties; CTS to audit and help clients collect hotel commissions; and Yapta to dynamically identify lower room rate and/or higher value rates such as rooms with free internet, breakfast etc.” HotelroomRX: A Comprehensive Solution PTC’s HotelroomRx modules provide an end-to-end solution to ensure the preferred property (and rate) were booked within policy, and where a non-preferred hotel was booked, that the traveler is either directed to a nearby (and similar) preferred hotel, or that the rate at the non-preferred is identified as commission-eligible. HotelroomRx is strengthened by Yapta’s data analytics for benchmarking and best practice, negotiating with suppliers, and ensuring the best value for the hotel stay. “We are very pleased to have the opportunity to offer our commission management services within the HotelroomRx program,” said Carl Roberts, president of CTS Systems. “Partnership Travel Consulting gives us visibility to the Corporate Travel Departments (CTDs) that we do not have access to today. We want to help these CTDs collect more commission, gain more control through reporting with preferred hotel agreements, and also have market-leading tools to assist in their strategic decision-making.” CTS Systems is a one-stop shop for managing companies’ hotel, car, and cruise commissions. With 25 years in the business, CTS Systems has been successfully handling and processing clients of all types and sizes, allowing companies to pick and choose services on an à la carte basis. Some of CTS Systems services include: Data Collection & Consolidation, Chasing and Dunning, Global Collections, Payment Reconciliation, Global Multi-Layered Online Reporting, Strategic Evaluations and Custom-Made Analysis. “We’re pleased to be partnering with an industry titan like PTC to bring Yapta’s technology to market,” said James Filsinger, CEO, Yapta. “PTC’s expertise and innovative approach to solving travel challenges – leveraging our technology, insights and analytics – helps clients better understand their travel programs and drives greater value for their corporation.”



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Yapta’s patented IQ Technology provides corporations the opportunity to save $109 per hotel stay on average without impacting the traveler’s experience. Through its dynamic rate-level parsing technology, Yapta can determine – at the rate level – the amenities, room type, bed type, and other attributes included with a booking. This allows real savings and valuable insights into hotel information not normally available to corporations. Fare Audit President Martin Morrison added: “We’ve been in the travel auditing business since 1987, and being part of PTC’s HotelroomRx solution is a natural partnership for us.” About Partnership Travel Consulting Partnership Travel Consulting (PTC) is a travel management group with extensive experience in travel sourcing and T&E consultancy. Since 2001, PTC has been recognized in the industry for providing customized solutions to our clients.

Our consultants are renowned leaders from various sectors of the market and our areas of expertise include: supplier negotiations, technology and data consolidation, business process reengineering, meetings management, benchmarking, and expense management systems integration.

Founder and CEO Andrew W. Menkes is recognized as the first travel manager to be accredited by the Airlines Reporting Corp. as a Corporate Travel Department (CTD). In 2014, he was inducted into the BTN Group’s Business Travel Hall of Fame, the first corporate buyer to receive this recognition. More information can be found on the PTC website at www.partnershiptc.com

About CTS Systems CTS Systems, a 28-year-old company, is the industry reference for commission management services, with a list of major name clients that reads like a who’s who in the travel agency industry. CTS Systems delivers full front-to-end commission management services to agencies of all shapes and sizes, and also handles any type of commission travel agencies have earned (hotel, car and cruise), and delivers reliable value-add results across all global markets and time-zones. Additional information about CTS Systems can also be found at www.CTSsystems.com.



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About Fare Audit, Inc. Fare Audit, Inc. was established in 1987 as an independent, quality control system for corporate travel. Over the years, it has grown to become a world leader in the business travel industry, providing clients with a valuable tool to monitor and evaluate their travel policies and budgets. Fare Audit’s client list has also grown to include some of the world's largest corporations, spanning the entire globe. More information can be found on their website at http://www.fareaudit.com/ About Yapta Prices drop. We alert. You save. Yapta’s corporate travel solutions, FareIQ and RoomIQ, enable companies to extend their T&E budgets, boost traveler compliance and attain essential program-specific data. Constantly tracking booked airfares and hotel rooms, Yapta sends instant alerts when prices drop. Launched in 2007, we pioneered the category of travel price assurance, and have delivered more than $650 million in savings alerts to businesses and consumers. Yapta guarantees bottom-line savings. More information can be found on their website at www.yapta.com

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For more information you can contact any of the above companies or email [email protected]

Documents

HotelroomRX Release Final