Banking Regulations Travel Agent 
AltexSoft Travel
FEBRUARY 20, 2020
Every industry has its own regulator – an authority that sets standards and improves the cooperation inside. The air travel industry is no exception. Its main goal is to regulate distribution-related activities in airlines and commercial aviation such as fare calculations, revenue allocation, and baggage rules.
AltexSoft Travel
JANUARY 19, 2021
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). The code also gives travelers access to their flight details, but not to PNR files with personal information. Source: Bank Info Security.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
AltexSoft Travel
MAY 26, 2022
It is a complex process that involves many systems, interactions, and regulations. Though the bank reserves the money on your credit card the moment you book a trip, it can take up to three days to verify payment details, confirm the transaction and check if the seat is still available (yes, one more time.) Ticketless model.
AltexSoft Travel
SEPTEMBER 3, 2020
Bed banks or wholesalers. These industry players buy hotel rooms in bulk and sell them to OTAs, travel agents, or even airlines. Here’s more info on the largest bed banks and how OTAs can work with them. Online Travel Agency building blocks and technology. Global Distribution Systems (GDS).
AltexSoft Travel
MAY 29, 2023
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?
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. Tour operators: providing turn-key services.
AltexSoft Travel
JUNE 21, 2022
dynamic packaging (when travelers can choose the package components themselves). Such functionality requires specialized technology solutions and a set of business rules that regulate the process and make it convenient for a customer and profitable for you. A short video about what API connectivity in travel is about.
Expert insights. Personalized for you.
124 
Let's personalize your content