FEVO Partners with HotelPlanner to Add Travel Components to their Social E-Commerce Platform
HotelPlanner, a leading travel technology platform powered by proprietary artificial intelligence, today announced a service provider partnership with FEVO, a market leader in live events and socially-driven e-commerce. The deal integrates HotelPlanner’s hotel booking engine and group leads into the FEVO social commerce platform to expand sales for both companies. HotelPlanner’s booking engine will also become the exclusive hotel provider for all FEVO corporate travel.
The partnership will capture additional market share and allow consumers to book event tickets and travel, along with sharing their plans socially. This will allow both companies to utilize one another’s proprietary software to expand sales opportunities as live events return and leisure travel surpasses pre-pandemic levels this year.
“Partnering with HotelPlanner is the perfect continuation for FEVO to realize our vision for the brand,” says Ari Daie, FEVO Founder & CEO. “This partnership will help meet our goal of allowing consumers to share an end-to-end itinerary with friends and family, making it easier to experience life’s moments together. Because everything is better when shared.”
According to the World Travel & Tourism Council, U.S. domestic travel & tourism sector’s GDP contributions could reach nearly $2 trillion in 2022, a 6.2% increase from 2019. Importantly, consumer travel sentiment is rebounding strongly as well. According to Destination Analysts, about 87% of American travelers have at least one leisure trip planned in the next 12 months.
“We’re thrilled to add FEVO to our affiliate partner network in the rapidly growing live event space,” says Tim Hentschel, Co-Founder & CEO, HotelPlanner. “We love FEVO’s social commerce business model. This partnership will amplify the social network effect to drive additional market share in live events for individual and group travelers and related hotel stays.”
FEVO’s mission is to disrupt the world of e-commerce, making every transaction on every site a social memorable occasion – where friends, family, fans and influencers shop brands and experiences they love together, all on one site.
In just four years, FEVO has grown to become the market leader in live events with 85% market share in major and minor sports leagues, NCAA, and a wide variety of the largest festivals. Working with more than 700 clients and major exclusive partners, FEVO has experienced massive revenue growth accelerating each year on path to nearly $1 billion of gross annual sales.