Overview
Travelpass Group is a dynamic player within the travel technology industry, primarily based in South Jordan, Utah. Established in 2006, the company operates as a privately held entity specializing in both B2B hotel booking solutions and consumer-facing travel websites. Travelpass Group has engineered an extensive online travel marketplace aimed at simplifying travel arrangements worldwide, empowering hotels and travel agencies, and offering competitive rates to travelers.
Website: [Travelpass Group Website](http://www.travelpassgroup.com)
Key Financial Details
- Estimated Annual Sales: Over $400 million
- Estimated Annual Revenue: Approximately $75 million
Industry Positioning
Travelpass Group is recognized as a leader at the crossroads of travel and technology. With a strong network of suppliers, the company enhances product availability and pricing competitiveness while providing customized travel solutions. Travelpass continues to redefine the travel planning process by prioritizing innovation and creativity, aligning with values that ensure consumer satisfaction and employee development.
Recognition and Awards
- Featured in Inc. 5000’s List of America’s Fastest-Growing Private Companies.
- Listed in Deloitte Technology’s Fast 500.
- Recognized locally by Utah Business Magazine’s Fast 50 and Mountain West Capital Network’s Utah 100.
- Named a Top Workplace in Utah by The Salt Lake Tribune.
Leadership
The Travelpass Group leadership team is instrumental in directing the company towards success through strategic vision and financial acumen. The leadership plays a key role in partnership development, sales strategy optimization, and financial management.
Key Personnel
- Ryan McCoy: Co-Founder & CEO, known for his expertise in search engine optimization and progressive leadership style.
- Austin Lowe: President, joined in 2016 with a background as a Judge Advocate in the United States Marine Corps.
- James Hall: Chief Financial Officer, contributing financial strategy expertise since 2014 with a background from Deloitte and a Master's degree in Accounting from Brigham Young University.
- Brad McCoy: Senior Vice President of Group Sales and Cruise, focusing on enhancing sales strategies.
- Ryan Williams: Co-Founder & Board of Directors, working with Ryan McCoy since founding.
Company Culture
Travelpass Group champions a company culture focused on individual development and a "put your people first" philosophy. This approach fosters employee growth and has led to numerous workplace awards both locally and nationally.
Competitor Profiling
Travelpass Group operates in a competitive market alongside notable entities such as Booking.com, Expedia Group, Trivago, Priceline.com, and GetARoom.com. Below are brief profiles of key competitors:
Key Competitors
1. Booking.com: Part of Booking Holdings, headquartered in Amsterdam, offering lodging reservations for about 3.4 million properties globally. Known for technological innovation with plans like an AI-based travel planner. CEO: Glenn Fogel.
2. Expedia Group: A travel tech giant offering diverse services through brands such as Expedia, Hotels.com, and Travelocity. Reported 2024 revenue: US$13.69 billion, net income: US$1.234 billion. CEO: Ariane Gorin.
3. Trivago: A German metasearch enterprise under Expedia Group, follows a cost-per-click model. Reported a net income loss of €127.2 million in 2021 and faced legal issues regarding advertising.
4. Priceline.com: Operates under Booking Holdings, providing global booking services for flights, hotels, and car rentals. Headquartered in Norwalk, CT.
5. GetARoom.com: A B2B hotel booking platform focused on leisure travelers in North America, claiming significant savings for travelers. Founded by Matthew Lawson in 2008.
Competitive Standing
Travelpass Group maintains a competitive edge due to its CEO ranking scores amongst its competitors, despite a smaller presence compared to titans like Booking.com and Expedia Group. It navigates a rapidly growing travel tech market by emphasizing innovation and prioritizing customer convenience to enhance its competitive standing.
