Banking Contracts Travel Agent 
AltexSoft Travel
NOVEMBER 25, 2019
One of the ways to get a diverse inventory portfolio is to partner with a bed bank. What is a bed bank? 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.
AltexSoft Travel
FEBRUARY 20, 2020
IATA-certified agents must commit to an industry ethical codes and meet the general industry procedure standards. Working as an IATA agent also means including the IATA logo and branding on travel agents’ premises and websites. The full accreditation also means that the agent follows standard ethics and behavioral codes.
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AltexSoft Travel
AUGUST 26, 2020
The APIs by key global distribution systems, the main players on the travel distribution market. Connectivity with key bed banks that purchase rooms in bulk. Sourcing inventories of the largest online travel agencies. It originated from the airline industry and slowly tried to capture adjacent travel segments.
AltexSoft Travel
NOVEMBER 6, 2020
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.
AltexSoft Travel
JULY 14, 2022
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. Connectivity in the travel industry.
AltexSoft Travel
JUNE 21, 2022
This is a foundational problem a travel agency must solve to successfully operate. Suppliers, their types, and underlying contracts define revenue management, technology, and a business niche that the agency targets. Integrating and contracting middlemen. Integrating with middlemen and contracting a supplier.
AltexSoft Travel
MAY 8, 2020
By customer interfaces we mean a travel provider’s website, mobile application, or chatbot that links with a booking engine via an API layer , enabling consumers to search and book flights, hotel rooms, holiday packages, insurance, and other travel products. airline reservation systems ( ARSs ). Multi-channel booking engines.
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