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Experiential Travel Explained: Players, Distribution Landscape, and Opportunities

AltexSoft Travel

Destination management companies: contracting local experiences. They sometimes act as hotel wholesalers ( bed banks ), contracting allotments from local accommodation providers. Inventory is either sold directly to travelers or through resellers like OTAs and affiliate partners. Connectivity in the travel industry.

Travel 105
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Tour Operator Software: Itinerary Creator, Booking Engine, and Other Handy Technologies

AltexSoft Travel

Typically, tour packages include such elements as transportation, accommodation, airport transfers, activities, tours, and so on. You might also want to add gift certificates, vouchers, deposits, and payment in installments. Components of tour packages. Channel manager: handling diverse distribution flows.

Booking 52
MICE professionals

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How to Get IATA Accreditation for Travel Business: Options and Steps to Take

AltexSoft Travel

IATA stands for International Air Transport Association. BSP is an invoicing and payment interface between the agent, airlines, and transportation suppliers. Regardless of whether you have multiple agents or you are a solo operator, you must submit a business license or copies of any certifications, such as agent training courses.

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Event Budget Strategies: Where To Allocate Resources in 2024

Bizzaboo

Transportation and logistics: Coordinating transportation and logistics ensures smooth event execution and requires a part of your event budget. Negotiation and contracts: Engaging in strategic negotiations can help you stretch your budget while securing a top-notch venue.

B2B 52
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How to Choose a GDS: Amadeus vs Sabre vs Travelport

AltexSoft Travel

If you’re not planning to sell flight tickets, feel free to move forward, but for the flight booking capability, you want to apply for IATA/ARC certification or consider signing up with a host agency or a consolidator. Both GDS providers and third-party training platforms offer courses and certificates. The certification is obligatory.

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Hotel Booking APIs: Wholesalers, Channel managers, and GDS

AltexSoft Travel

In this business model, a wholesaler (bed bank) contracts with a hotel for a period of time to sell a bulk of its rooms for a fixed price. Sometimes, wholesalers do dynamic pricing , but this type of contract is uncommon. But while Hotelbeds has directly contracted most of its properties, WebBeds has direct contracts with only 30,000.

Booking 85