[Press Release] TIDESQUARE, Korea's first NDC-certified travel tech company
[PRESS RELEASE_202105_1]
Leading
Travel Tech Industry with Global Technology Certification
-
NDC Capable Level 3 & Aggregator Level 4 Certification, First in Korea
- Improving customer convenience by linking Lufthansa, British Airways, Singapore Airlines, and More to
TOURVIS brand
-
Actively promoting NDC Aggregator Business from the Second Half
TIDESQUARE, highest NDC certification & first in Korea
TIDESQUARE, the leading online travel
agency(OTA) and travel tech company in Korea,
has received "NDC Capable
Level 3" and "NDC Aggregator Level 4" certification from the
International Air Transport Association(IATA), proving its expertise in travel
technology.
New Distribution Capability(NDC), an
IATA-led initiative, is the next generation XML-based technology standard to
book, fulfill and manage both flight and non-air ancillary contents, addressing
the inefficiency in airline ticket
distributions.The NDC-enabled OTA features
a direct ticketing service between airlines and travel agencies, allowing
passengers
to pre-assign seats, add additional baggage, choose in-flight meals, and
purchase in-flight entertainment
much more conveniently.
From early on, TIDESQUARE recognized the
importance of NDC and has invested significant time and resources to
acquire the
highest level of certification - “NDC Capable Level 3” in 2018 and NDC
Aggregator Level 4” in 2019.
During the COVID-19 pandemic, TIDESQUARE continued
to integrate both full service carriers(FSC) and
low cost carriers(LCC), and became
the only IT provider and aggregator in Korea that can enable travel agencies to
connect to NDC with easy integration and minimal investment.
Since 2019, TIDESQUARE has been applying NDC
technology to its online travel platform “TOURVIS” and provided
competitive
fares as well as value-added services directly from Lufthansa, British Airways,
Singapore Airlines, Jin Air,
and the other worldwide airlines. This year, the
company is about to add more airlines,including American Airlines
and Emirates
Airline, and actively roll out NDC aggregator business from the second half.
a critical mass for adoption next year. Increasingly airlines, OTA and Travel
Management Company(TMC) show interest
in NDC more than ever due to unmatched
benefits and convenience for travel providers and customers alike.
In particular,
the importance of NDC aggregator is rising because there are only a few IT
providers with the development
capability and expertise in the new technology,
hence TIDESQUARE as NDC aggregator is coming into the big picture.
From 2H of this year, we will carry out various development project with domestic and
foreign partners and
strengthen our
*TIDESQUARE (www.tidesquare.com)
TIDESQUARE Co., Ltd is the leading OTA
and travel technology company in Korea, rapidly advancing into the top 5
travel
agencies in seven years since the founding in 2009.
The company has been operating
Hyundai Card PRIVIA Travel, synonymous with premium travel in Korea, and
expanded
its footprint in online travel and business travel management business by
acquiring SK TOURVIS in 2017.
At the forefront of South Korea’s travel
technology sector, TIDESQUARE has responded to rapid changes in the
industry
through active investment in the travel start-ups that adopt the latest travel
technologies such as Playwings,
Kyte, and Allstay.