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Revenue Integrity in Airlines: How to Solve Revenue Leakage Problems

AltexSoft Travel

Even before the pandemic, the industry was going through a crisis, so airlines fought hard to track down and close every loophole. Often created by travel agents and customers (both accidentally and not), these holes account for about 3 percent of the airline’s revenue. Airline revenue leakage. Space churning.

Airlines 124
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Airline Reporting Corporation: ARC Accreditation Options and Steps to Get It

AltexSoft Travel

Whether your business is focused on selling airline tickets, package trips, or cruises, if you want to be acknowledged as a professional in the travel industry, you need to be certified. So, ARC or Airline Reporting Corporation is a company that regulates and handles transactions between airlines and US-based travel agencies.

Airlines 115
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Airline Ticket Fraud and How Big Companies Avoid It

AltexSoft Travel

The airline industry is no different. Over the past two decades, the airline industry – like many others – has become increasingly digital. If you’ve read an AltexSoft article on revenue integrity in airlines , you know that ticket manipulations are one of the main sources of revenue leakage.

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Booking and Ticketing for Non-IATA Travel Agencies

AltexSoft Travel

A booking happens when you create a reservation on an airline Computer Reservation System (CRS) and get a booking reference number. To issue tickets for IATA airlines, you need official accreditation that grants you access to IATA’s payment processing mechanism, the Billing and Settlement Plan (BSP). Work with an airline consolidator.

Booking 69
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Bed Banks: Comparing Accommodation, Travel Ancillaries, Connectivity of Hotelbeds, Travco, Bonotel, HotelsPro, and WebBeds

AltexSoft Travel

A bed bank (also called a wholesaler ) is a B2B company that purchases rooms from accommodation providers in a bulk at a discounted, static price for specific dates and sells them to OTAs, travel agents, airlines, or tour operators. Travel agents can book inventory via a booking website.

Banking 25
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Travelport launches Smartpoint Cloud, delivering an easier, more intuitive retail experience

Travel Daily News

As the only modern retailing platform built for agencies, Travelport+ will now deliver a more intuitive and efficient way for travel agents to sell and service travel, all while increasing sales of higher-value services for suppliers. The Smartpoint Cloud and Travelport+ solution is really compelling and advanced.”

Retail 72
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What is PNR: Passenger Name Record Explained in Details

AltexSoft Travel

Introduced to facilitate the exchange of booking information between airlines, PNRs have become an important component of the travel industry. The reservation data is transmitted to the airline’s central reservation system (CRS). Most airlines don’t run their own CRS. Why airlines need Super PNRs.