Monday, October 23, 2017

Cache Elite, Inc. (ILUS) Takes Travel into the Future with TripWitz


  • TripWitz platform is an OTA offering the expertise of actual travel agents
  • Serves hundreds of high-demand destinations around the globe
  • Accepts bitcoin payments

There has never been a smarter way to plan for a vacation than with TripWitz from Cache Elite, Inc. (OTC: ILUS). TripWitz lets tech-savvy Millennials choose their holiday destinations, accommodation, tour packages and lots more online. Those who prefer a personal touch are also accommodated at TripWitz. The platform is supported by human representatives who are always eager to provide guidance and help customers navigate TripWitz’s comprehensive range of world-class hotels, beautiful beaches and amazing locations. To make booking even easier, TripWitz is now accepting payment in bitcoin. At TripWitz, the best elements of the past and the present are combined. With its offering of good old-fashioned human service supported by the latest technology and payment systems, TripWitz from Cache Elite is taking travel into the future.

Reports of the death of the travel agent were greatly exaggerated, as many vacationers still prefer to use one. It was thought that the advent of online travel agencies (OTAs) spelt doom for the travel agent, much as VCRs in their heyday were felt to presage the demise of cinema. Despite the adoption of new information technologies, however, the travel industry still has a place for professionals who can respond to clients in a way that no machine can. A major problem with OTAs is that they provide too much information. This can be overwhelming. Although choice is good, too much choice is less so, since it decreases utility and satisfaction, as noted in a Harvard Business Review report (http://dtn.fm/Ra6NT).

Moreover, many OTAs often advertise one price before tacking on fees and other hidden charges or restrictions and blackout dates in the fine print. As a result, although many travelers will look for information on OTA sites, only 13 percent, down from 36 percent in 2015, typically book their reservations on such sites, according to MMGY Global 2016 Portrait of American Travelers. The information overload has taken a toll. The MMGY report shows that Millennials are as likely as anyone to turn to a travel agent. The percentage of travelers under the age of 35 who prefer to book their vacations through a travel agent increased 50 percent between 2014 and 2015. While OTAs have call center reps to assist customers with basic information, these reps, typically, do not have the knowledge to provide the same level of guidance that a travel agent on TripWitz can offer.

TripWitz provides real-time vacation quotes and information on flights and airfare, hotels, villas, ground transportation and recreational activities, just like Expedia. However, travelers also have the option to talk to Certified Designation Specialists who can guide them through the selection and booking process.

TripWitz connects to the global airlines through Google’s ITA Gateway software. Back in 2011, Google paid $700 million for the airline-fare-tracker ITA Software and now makes it available to enterprising outfits like Cache Elite. Using the ITA system, TripWitz can calculate and distribute flight schedule data and seat availability to satisfy millions of queries per second at the lowest possible fares. TripWitz offers coverage of amazing destinations all over the world, including Hawaii and Bermuda, which were untouched by recent hurricanes and tropical storms.

In addition, TripWitz has contracted with several airlines to provide bulk fares, which are negotiated fares and seat allotments available only to travel agents. Bulk fares offer higher commission rates than published fares, yet the traveler still has access to published fares at the rates offered by OTAs, providing much-needed flexibility to TripWitz customers.

For more information, visit the company’s website at www.CacheElite.com

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