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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

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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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. For hoteliers, Hotelbeds serves as a bridge to a vast network of over 71,000 travel buyers spanning more than 150 source markets globally.

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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. Bed banks or wholesalers. Global Distribution Systems (GDS).

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New Distribution Capability (NDC) for Airlines: Key Providers and Implementation Scenarios

AltexSoft Travel

Eventually, some CRSs have grown up to huge sizes forming powerful travel data consolidators – global distribution systems (GDSs). Since that time, GDSs have become the core middlemen on the flight distribution market. Ancillaries marketing. travel booking engine to sell ancillary products. Order management.

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Experiential Travel Explained: Players, Distribution Landscape, and Opportunities

AltexSoft Travel

Immersive travel implies, well, immersing in the foreign culture which in most cases means mingling with the community at the place of destination, engaging in traditional activities, attending local events and so on. Meanwhile, adventure travel is more about physical activities. Tour operators: providing turn-key services.

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