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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. CacheAPI – Files Service to access product, prices, and inventory data from a client.

Banking 25
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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 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. Source: TripPro.

Airlines 113
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Airline Reporting Corporation: ARC Accreditation Options and Steps to Get It

AltexSoft Travel

ARC uses modern technologies to gather travel data and offers a number of solutions to support travel agencies’ business intelligence , analytics, and reporting processes. We’ll describe available products a bit further. They can also outsource the ticketing activities to a third party, i.e., a travel management company.

Airlines 115
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Revenue Integrity in Airlines: How to Solve Revenue Leakage Problems

AltexSoft Travel

Often created by travel agents and customers (both accidentally and not), these holes account for about 3 percent of the airline’s revenue. Not always intentionally, but travel agents as well as passengers themselves can cause a bunch of revenue integrity problems for airlines. Sources of airline revenue leakage.

Airlines 124
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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.

Retail 72
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Experiential Travel Explained: Players, Distribution Landscape, and Opportunities

AltexSoft Travel

If you run or plan to launch a travel business and want to capitalize on the experiential tourism trend, here are your options of how you can fit in. Experiential travel distribution. Local suppliers are the ones that create the initial travel products. Connectivity in the travel industry. Here’s how it works.

Travel 105