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Understanding Online Travel Agency Business: Partners, Building Blocks, How to Grow

AltexSoft Travel

These industry players buy hotel rooms in bulk and sell them to OTAs, travel agents, or even airlines. These computer networks dominate the travel distribution and store inventories, schedules, and fares for all types of services: from hotels to ferries. Online Travel Agency building blocks and technology.

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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. Tour operators: providing turn-key services.

Travel 105
MICE professionals

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Hotel Online Payments: How and Why to Transform Your Payment Process

AltexSoft Travel

For a modern customer, grown to love the convenience of eCommerce, such experience contrasts with what they expect. Complying with complex and constantly changing regulations. When facilitating online payments, hotels are not very different from eCommerce businesses. The payment process is a point of friction, too.

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Buy Now Pay Later for a Travel Business: How BNPL Works and Ways to Implement It

AltexSoft Travel

Many big lenders come preconnected with major eCommerce platforms, point-of-sale providers, and payment gateways. Merchants also have to meet certain requirements to qualify – which is understandable since all financial institutions are required to adhere to KYC/AML regulations. Preintegrated payment partners. But worry not.