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

AltexSoft Travel

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. Travel agents can book inventory via a booking website. Connectivity.

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Airline Consolidators Overview: Their Role, Advantages, and Key Players

AltexSoft Travel

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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MICE professionals

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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. Read through the Travel Agent Handbook. Credibility. Let’s have a look.

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How to Choose a GDS: Amadeus vs Sabre vs Travelport

AltexSoft Travel

GDS is one of the first abbreviations you learn in the travel business. Global Distribution Systems are responsible for providing booking websites with unified access to a massive inventory of flights, hotel rooms, car rental companies, cruises, and much more. What is a GDS? The price also varies, depending on duration and complexity.

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Central Reservation System for Hotels: CRS Functionality and Software Explained

AltexSoft Travel

Among that, 40 percent of the reservations are made via Booking.com, 32 percent — via other aggregators, and 21 percent — through a hotel’s website. A booking engine is a software that is integrated on the hotel’s website and social media pages that helps customers book, pay for, and manage their stay directly.

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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. Connectivity in the travel industry.

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Website Localization in Travel: Key Aspects and Best Practices

AltexSoft Travel

And not only does it adapt the menus, but also advertising campaigns, website pages, and entire business plans to attract local foodies. If you operate a travel business, you most likely deal with multinational customers, and it’s crucial for you to localize your content and services and make them more understandable. And it works.

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