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IATA Explained: The Role of International Air Transport Association in the Aviation Industry

AltexSoft Travel

In 2016, the McLaughlin-Sherouse List was published, which ranked all industries in the US according to RegData’s Industry Regulation Index showing the most regulated ones. So, let’s talk about IATA – one of the main regulators of the aviation industry. Source: Fine Art America. What is IATA? IATA’s mission and main purposes.

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Experiential Travel Explained: Players, Distribution Landscape, and Opportunities

AltexSoft Travel

In the last few years (and especially after the pandemic), travel trends have dramatically shifted and multiple studies prove it. Experiential travel ecosystem: business models, distribution, technologies, and representatives. Experiential travel distribution. Travel agencies: complementing portfolio with T&A.

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Airline Reporting Corporation: ARC Accreditation Options and Steps to Get It

AltexSoft Travel

So, ARC or Airline Reporting Corporation is a company that regulates and handles transactions between airlines and US-based travel agencies. ARC uses modern technologies to gather travel data and offers a number of solutions to support travel agencies’ business intelligence , analytics, and reporting processes.

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

AltexSoft Travel

Our article explains why services of airfare wholesalers are still sought-after, what problems they solve, and how their air offerings differ from standard fares you can find online. As a final chord, we outline the future of consolidators — based on the current trends. In any case, travel agents get a good margin to earn money.

Airlines 113
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Travel Agency Inventory System: Main Sources and Management Aspects

AltexSoft Travel

So, to help travel businesses make an informed choice, we’ll describe where and how travel inventory can be sourced and what its main management aspects are. Travel agency inventory basics. In this article, we’ll mainly talk about the online travel agency (OTA) businesses and their operational model. Integrations.

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Connecting Flights: Virtual Interlining Benefits and How to Seize Them

AltexSoft Travel

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.

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

AltexSoft Travel

Another survey, conducted by C+R Research, states that 60 percent of online shoppers have tried the BNPL service. It’s pretty clear that businesses have to catch up with the trends and offer their customers the desired payment options. Most BNPL lenders also have online portals to handle payments that you receive offline.

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