10 | Fareportal

Fareportal
2021 sales: $2.2 billion
Previous ranking: 10
Employees: 2,421

137 W. 25th St., 11th Floor
New York, NY 10001
Phone: (646) 738-7813
Website

Executives

FOUNDER/EXECUTIVE CHAIRMAN: Sam S. Jain
CEO: Werner Georg Kunz-Cho
CO-CEO/CFO: Glenn Cusano
CHIEF TECHNOLOGY OFFICER: Harsh Sood
CHIEF PRODUCT/REVENUE OFFICER: Rajiv Mangla
CHIEF HUMAN RESOURCE OFFICER: Rahul Kumar
CHIEF INFORMATION OFFICER: Andrew G. Bush
EVP/GENERAL COUNSEL: Li Reilly

Company facts

* Technology company that powers OTAs CheapOair and One Travel.

* Other brands include wholesaler Royal Scenic and travel agencies Duke's Court Travel and ConsoTravel.

* Enables consumers to book online, on mobile apps for iOS and Android, by phone or by live chat.

* Leisure sales make up 98% of the total.

* Privately held company, majority-owned by Sam S. Jain.

2021 developments

* Placed greater emphasis on CheapOair and OneTravel marketing efforts to focus on customer loyalty and retention.

* Expanded the reach of self-service tools that enable customers to make changes without speaking to an agent. Also expanded chatbot technology.

* Furthered development of nonair products such as hotels, car rentals, vacation packages and tours/activities.

Looking ahead

* Budgeted for 25% growth in 2022 and fully expects to achieve or exceed that target.

NOTE ABOUT FAREPORTAL'S RANKING: Some Power List companies have resubmitted their numbers, which have resulted in changes in the rankings. Read more about those changes

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