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Experiential Travel Explained: Players, Distribution Landscape, and Opportunities

AltexSoft Travel

Destination management companies: contracting local experiences. Destination management companies or DMCs are similar to tour operators in a sense that they also organize the travel itinerary, create packages, and usually work with multiple suppliers to make all the necessary arrangements.

Travel 105
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Vacation Rental Management Company: Business Model and Growth Strategies Overview

AltexSoft Travel

Run affiliate or referral programs? Financial resources mean the money you need to launch and the sources you get investments from (bank loans, crowdfunding, grants, etc.). Some property management companies choose to partner with such intermediaries as tour operators , destination management companies , or travel management companies.

MICE professionals

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Tour Operator Software: Itinerary Creator, Booking Engine, and Other Handy Technologies

AltexSoft Travel

GDSs , hotels/lodges/ alternative accommodation , airlines, bed banks , transfer providers/ car rentals , activity suppliers/ destination management companies , and so on. You should be able to handle multiple payment methods, including bank debit and credit cards, mobile payments, digital wallets, and even cryptocurrency.

Booking 52
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Travel Agency Inventory System: Main Sources and Management Aspects

AltexSoft Travel

Suppliers, their types, and underlying contracts define revenue management, technology, and a business niche that the agency targets. If you want to sell the rooms of a hotel next door, you can pay them a visit, sign a contract, and integrate directly with their property management system (PMS) and channel manager.