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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. What is a bed bank?

Banking 25
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Virtual Credit Cards in Travel: How to Secure B2B Payments Between OTAs and Suppliers

AltexSoft Travel

About 71 percent of this volume will come from B2B financial interactions, including those done in travel. The article explores the benefits virtual cards bring to the table and what a travel company should consider when implementing this method. In the US, checks remain a prevailing method of B2B transactions.

B2B 52
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Experiential Travel Explained: Players, Distribution Landscape, and Opportunities

AltexSoft Travel

Tour operators are travel companies that devise itineraries, create corresponding multi-component tour packages, sell them to travel agents or travelers, and make sure everything goes well from the start to the end of the trip, having full responsibility to the traveler. Tour operators: providing turn-key services.

Travel 105
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Tour Operator Software: Itinerary Creator, Booking Engine, and Other Handy Technologies

AltexSoft Travel

A tour operator is a travel company that devises the trip, books its components, markets it, and sells to travelers or travel agents. To streamline your relationships with suppliers and automate reservation processes, you can connect your software to travel providers via APIs. Components of tour packages.

Booking 52
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Expedia Partner Solutions for Travel Agencies: Expedia TAAP, Templates, and EPS Rapid API

AltexSoft Travel

So here are the three main partnership solutions Expedia Group offers: Expedia Travel Agent Affiliate Program aka agent tools. Expedia TAAP: booking tools for travel retail agents. Through Expedia TAAP travel agents can book the following services: 600K+ accomodations. Expedia Group members.

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ITE HCMC surpasses record with 350 exhibitors & 30,000 expected visitors for its 15th year

Travel Daily Media

This year, as a special feature in the 15th anniversary show, exhibitors will offer services such as better security for travellers and their transactions, better payment models for merchants and consumers, automation in hotels and resorts, as well as personalisation of the travel and hospitality experience.

Seminar 52
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Hotel Technical Specifications: Distribution, Payment, Smart Device, and Back Office Standards by HTNG and OpenTravel

AltexSoft Travel

Here, HTNG covers two additional functions: Travel Agent Commission specs that simplify the process of paying commissions to travel agents and expands upon Open Travel HotelCommNotifRQ.xsd – Commission Event Update Request. Payment processing automation. Commissions are sent only after the guest check-in.