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Renewed Collaboration for Digital Transformation

Cognizant and Travel + Leisure Co. have announced the renewal of their strategic partnership, aiming to accelerate the digital transformation efforts within the travel company. This collaboration, valued at several million dollars, will allow Travel + Leisure to modernize its technological infrastructure and enhance member experiences using artificial intelligence (AI).

Partnership Details

Under the new agreement, Cognizant will apply its substantial expertise in the hospitality sector to optimize Travel + Leisure’s technology landscape. This enhancement is envisioned to significantly elevate the digital services available to over 800,000 travel club members.

Sy Esfahani, the Chief Technology Officer of Travel + Leisure Co., expressed his enthusiasm about the ongoing partnership, stating, "Renewing our partnership with Cognizant reflects the deep collaboration and mutual trust we've built over the years. Cognizant's broad technology expertise and global resources will propel our continued digital transformation."

Goals of the Collaboration

The focus of this renewed collaboration is to accelerate the modernization of Travel + Leisure's application landscape, improve the scalability and reliability of its infrastructure, and leverage data and AI capabilities. Anup Prasad, the Senior Vice President and Consumer Business Head at Cognizant, also commented: "We are thrilled to deepen our long-standing relationship with Travel + Leisure Co., a valued partner whose forward-looking vision aligns with our commitment to reimagine how the modern traveler interacts with technology."

This strategy helps ensure that members have access to innovative solutions that enhance their travel experiences at every interaction, solidifying the company’s position within the leisure and hospitality sector.

Cognizant's Role in Digital Transformation

Cognizant is recognized for engineering modern businesses, helping clients modernize their technology frameworks, and reimagining business processes and customer experiences for a rapidly changing world. As an integral partner in Travel + Leisure's strategic vision, Cognizant will provide the technological backbone necessary for these advancements.

About the Companies

Cognizant (Nasdaq: CTSH) operates on the premise of enhancing everyday lives through technology. They help their clients navigate through the complexities of modern digital transformations to maintain a competitive edge in their respective industries.

On the other hand, Travel + Leisure Co. (NYSE: TNL) is known for providing exceptional leisure travel experiences, offering more than six million vacations each year. They cater to the needs of the modern traveler through a variety of vacation ownership and travel club brands while endorsing responsible tourism. With nearly 19,000 associates globally, they dedicate themselves to the mission of making the world accessible for vacationing.

With this renewed partnership, both Cognizant and Travel + Leisure Co. are setting the stage for a transformative future in the leisure travel industry, driven by innovation and an unwavering commitment to enhancing customer experiences.