What is TravelgateX's business model?

Our business model is very simple - we only ever charge one side of the connectivity.

Standard Buyers - Buyers without commercial agreement with TGX. These Buyers can only connect to Premium Partners. 

Power Buyers - Buyers with a commercial agreement with TGX. The only Buyers who can buy from Standard Sellers or Premium Partners.

Premium Partners - sellers with a commercial agreement with TGX. The only sellers that can sell to both Buyers and Power Buyers.

Standard Sellers - suppliers without a commercial agreement with TGX. These incur no connectivity fees for selling to our Power Buyers.

Scenario 1:

Standard Buyer wants to connect to a Standard Seller. In this case, the Buyer will need to arrange a commercial agreement with Travelgate in order to become a Power Buyer and as such be able to access the full portfolio of sellers available in TGX.

Scenario 2

Standard Buyer wants to connect to Premium Partner. In this case, the Buyer does not need a commercial agreement with Travelgate, as the premium partner covers our connectivity fees. The Buyer just needs to be connected to our API, and the Premium Partner will request the activation of the integration between their system.