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Understanding Online Travel Agency Business: Partners, Building Blocks, How to Grow

AltexSoft Travel

Online travel agencies are some of the youngest players in the travel market. Since their appearance in the 90s, they flipped travel distribution, became hotels’ biggest enemies , and changed how people research, plan, and buy their trips. What is the Online Travel Agency? No OTA is fully automated.

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

AltexSoft Travel

Our article explains why services of airfare wholesalers are still sought-after, what problems they solve, and how their air offerings differ from standard fares you can find online. 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.

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

AltexSoft Travel

The online booking business is as good as the inventory it has, so finding the best rooms for the best price is the most important task. Travel agents can book inventory via a booking website. If you focus on high-end travelers, consider Bonotel Exclusive Travel. What is a bed bank?

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How Hospitality Brands are Using Chatbots

AltexSoft Travel

In April of 2016, social media giant, Facebook launched a chatbot service that acts like a virtual assistant allowing businesses to provide automated customer service, deliver content, and come up with an interactive experience to their customers. These chatbots simulate a more human-like experience of talking to a travel agent.

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

AltexSoft Travel

Basically, with CTD accreditation, corporations act as travel agents and book directly with GDSs and airlines. They can also outsource the ticketing activities to a third party, i.e., a travel management company. You can either access information online, or download a raw data file. ARC Agency BI interface.

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Railway Reservation System: How to Drive Online Train Bookings

AltexSoft Travel

Unfortunately, railways are not integrated into the travel ecosystem as airlines, hotels, rental cars, or even cruises are. Visit some of the largest online travel agencies such as Expedia or Booking.com that dominate travel distribution on the web and you won’t find rail reservations there. Online travel agencies.

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Booking and Ticketing for Non-IATA Travel Agencies

AltexSoft Travel

While there are a few titans in the consolidator industry, most are smaller players specialized in air tickets for a specific country or are a part a larger organization – you may find consolidators as the hidden force behind a popular B2C online travel agency (OTA) or as the air purchasing agent of a tour operator.

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