Remove 2020 Remove Automation Remove Travel Agent
article thumbnail

BLOG – TRAVEL TECHNOLOGY TRENDS 2020

Open Destinations

As a result, the last decade has brought about huge growth in the travel technology market. This has been reflected in a drastic change in the business operations of tour operators, DMCs and travel agents. To find and maintain success as a travel provider today , being on the cutting edge of technological trends is a must.

article thumbnail

Airline Consolidators Overview: Their Role, Advantages, and Key Players

AltexSoft Travel

Consolidators pass on net fares to travel agencies, charging a premium on top of each seat. In any case, travel agents get a good margin to earn money. Travel agencies add their own markups but still keep the prices lower than market rates offered by airlines. International flights vs domestic flights.

Airlines 113
MICE professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

How to Build a T&E Policy: Best Practices

Hotel Engine

billion on business travel. Of course, the frequency of business travel has ebbed and flowed a bit since 2020 with the uncertainty of the pandemic, but one thing remains the same: Business travel expenses affect the bottom line. Some automate their T&E policy and track expenses digitally.

article thumbnail

Self-Service Technologies in Travel: End-to-End Solutions for Independent Travelers

AltexSoft Travel

Self-service technology has been sporadically implemented at different stages of travel experience, and different locations as well. There are capsule hotels in Japan that are almost entirely staff-free and automated passport control has been implemented in selected airports in Europe and Asia. What does self-service mean for travel?

article thumbnail

Central Reservation System for Hotels: CRS Functionality and Software Explained

AltexSoft Travel

With the help of the channel manager that we discuss below, it distributes the hotel information to various sales channels, such as GDSs , OTAs , independent travel agents, and its own website, synchronizes reservations, and processes transactions. Besides, thousands of OTAs and travel agents work with the GDS database.

article thumbnail

Airline Ticket Fraud and How Big Companies Avoid It

AltexSoft Travel

Between 2011 and 2020 tripled from $9.84 With travel agents playing smaller and smaller roles in bookings, airlines are becoming an easy target for fraudsters. For instance, a fraud will book a near-term departure at any ticket value with an online travel agent service. Billion in 2011 to $32.39

article thumbnail

Tour Operator Software: Itinerary Creator, Booking Engine, and Other Handy Technologies

AltexSoft Travel

For the record, the business developed into a global company operating its airline and dealing with multi-million revenue streams, went through a compulsory liquidation in 2019, and was relaunched as an online-only travel agency in 2020. What is a tour operator: definition, types, and challenges. Components of tour packages.

Booking 52