(Finance) – SosTravel.coma company that operates in the traveler assistance services market and listed on Euronext Growth Milan, has signed a new commercial agreement with DoubleYou, a Zucchetti Group company specialized in Welfare Management. The agreement provides for the sale of the Lost Luggage Concierge and Dr. Travel services through the proprietary web platform, called ZWELFARE, and a dedicated DoubleYou service center, which will pay Sostravel.com the fee net of the commission; the sale of business travel and holiday booking services will instead take place on the web platforms www.sostravel.com and www.amareitalia.com with the retrocession of a commission by the Company to DoubleYou.
Sostravel.com expects through this agreement to “generate a positive impact on the turnover of the various business lineswithout negatively impacting the cost structure,” it said in a statement.
“The agreement represents a significant step for Sostravel.com, inexpansion of sales channels for its “Travel Technology” services, outside the airport channel, while at the same time entering the welfare company market, a rapidly growing segment”, commented Massimo CrippaGeneral Director of Sostravel.com.
Sostravel.com plans to reach i first tangible results during the Christmas period. The contractual validity is one year with the possibility of renewal. The intention of the parties is to extend the long-term collaboration once the commercial relationship has been consolidated.
“Considering DoubleYou’s customer base of 500,000 active members, we believe the agreement is strategic for increase the customer base in the portfolio,” he commented Edoardo ZarghettaInvestor Relations of Sostravel.com.