Contracts 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
MARCH 13, 2020
In any case, travel agents get a good margin to earn money. Travel agencies add their own markups but still keep the prices lower than market rates offered by airlines. It’s worth noting that usually consolidators purchase all the allocated seats only after a contracted number of travelers pay for them.
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AltexSoft Travel
APRIL 16, 2021
So, ARC or Airline Reporting Corporation is a company that regulates and handles transactions between airlines and US-based travel agencies. For more details, check the Industry Agents’ Handbook (IAH) that contains all the industry-related instructions and rules and will assist you in your daily operations. What is ARC?
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
JULY 30, 2021
Key partnership frameworks in aviation were designed decades ago, in the era of large state-owned airlines and regulated fares. Otherwise, the carrier for this role is typically selected by a travel agent. On a passenger’s or travel agent’s request, the GDS or PSS builds an itinerary. Itinerary construction.
AltexSoft Travel
NOVEMBER 24, 2021
In the US, four states have their unique Seller of Travel (SOT) Laws and licensing — namely, California, Florida, Washington, and Hawaii. Anyway, check your location for travel business regulations. Upon completion, a Sabre representative will contact you to review your request and prepare a contract that meets your needs.
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