Airfare shopping specialist Vayant Travel Technologies is claiming sub-second search results via its FastSearch solution, unveiled at Travel Technology Europe this week.
Vayant believes the solution, which is in beta, is a first for the travel industry and says it aims to provide cost-effective fare search for airlines, online travel agencies, tour operators and meta search engines delivering results in milliseconds.
Users can configure the technology according to their business requirements and the company says the technology is 80% accurate.
FastSearch, which avoids the traditional caching method used by much of the travel industry, displays fares, schedules, availability and tax information and is updated whenever any changes are made to the components.
Vayant's launch might be the answer to the prayers of many as last September, a post from Tnooz node Frederic Lalonde on big data discussed the importance of speed in travel search and highlighted how no travel company had been able to come up with a solution.
The compan plans to charge a monthly fee based on the volume of transactions made over FastSearch.
The company is planning further releases of the technology later this year including calendar and affinity search as well as the ability to search within a specific budget.
Vayant was founded in 2007 (Tlabs here) but really started elbowing its way into the airfare technology world about 18 months ago.