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

AltexSoft Travel

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.

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Airline Reporting Corporation and IATA Billing and Settlement Plan: How they Work

AltexSoft Travel

Things are quite confusing here and nascent travel agents can easily get overwhelmed with understanding what’s IATA, how IATAN is different, why ARC number is the same as IATAN number… And a whole lot of other questions. Sounds complicated, but in plain English, BSP is a payment mediator between airlines and travel agents.

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How to Get IATA Accreditation for Travel Business: Options and Steps to Take

AltexSoft Travel

These include airline designator code for reservation, ticketing, scheduling, and documentation; a prefix code to classify passengers and cargo; a baggage tag issuer code to simplify baggage handling; and location code for easier package handling. The full accreditation also means that the agent follows standard ethics and behavioral codes.

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Hotelbeds API Integration: Hands-on Experience with a Leading Bed Bank

AltexSoft Travel

What is Hotelbeds: Key things to know Hotelbeds is the largest bed bank in the hospitality sector that provides an extensive listing of accommodations and other travel offerings worldwide. It covers comments, descriptions, illustrative hotel pictures, and locational details. The search returns cached results.

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What is PNR: Passenger Name Record Explained in Details

AltexSoft Travel

A carrier’s operator or authorized travel agent logs into the CRS/GDS to build a PNR file with five mandatory elements (to be discussed later in the section about PNR data). It may appear under different names — a record locator, booking reference, reservation code, or just PNR. Source: Bank Info Security.

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Travel Agency Accreditation, Explained: IATA, IATAN, ARC, CLIA, and TRUE

AltexSoft Travel

IATA accreditation for air travel: IATA vs IATAN vs TIDS International Air Transport Association or IATA is a global trade association of airlines that develops standards and practices for the aviation industry. IATA accreditation exists to verify travel agencies and control the revenue flow, and it’s accepted worldwide. How to apply?

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Hotel Booking APIs: Wholesalers, Channel managers, and GDS

AltexSoft Travel

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.

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