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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. One of the ways to get a diverse inventory portfolio is to partner with a bed bank. What is a bed bank? Bed banks aggregate inventory from suppliers and resell it to other businesses.

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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.

Airlines 126
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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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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? Bed banks or wholesalers.

Online 72
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Central Reservation System for Hotels: CRS Functionality and Software Explained

AltexSoft Travel

At the time of global digitalization, 75 percent of all hotel bookings are made online. That clearly shows the vital importance of connection to various online booking channels for a hotel to thrive and attract more customers. Mobile app — today, over 50 percent of the total online traffic comes from mobile devices.

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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.

Booking 85
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Experiential Travel Explained: Players, Distribution Landscape, and Opportunities

AltexSoft Travel

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. Online and mobile presence.

Travel 105