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Airline Ticket Fraud and How Big Companies Avoid It

AltexSoft Travel

The airline industry is no different. Over the past two decades, the airline industry – like many others – has become increasingly digital. If you’ve read an AltexSoft article on revenue integrity in airlines , you know that ticket manipulations are one of the main sources of revenue leakage.

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

AltexSoft Travel

For the record, the business developed into a global company operating its airline and dealing with multi-million revenue streams, went through a compulsory liquidation in 2019, and was relaunched as an online-only travel agency in 2020. Besides, a tour operator can own some of the package components, for example, run an airline or hotel.

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MICE professionals

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Self-Service Technologies in Travel: End-to-End Solutions for Independent Travelers

AltexSoft Travel

There are capsule hotels in Japan that are almost entirely staff-free and automated passport control has been implemented in selected airports in Europe and Asia. Back then, self-service used to simply mean “without a travel agent”, and in 2020, with up to 80 percent of travelers booking directly online – it’s a norm.

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OTA Rates and Building ?ommission Engine: Best Practices and Lessons Learnt

AltexSoft Travel

They help hotels, airlines, car rental services, and other suppliers sell inventory to end customers — and charge fees for this mediation. The commission rates vary largely across businesses and depend on many factors — for example, destination popularity or website traffic. There is no such thing as average or typical OTA fees.

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Travel Fraud Protection: Key Types of Travel Scam, Protective Measures, and Software to Consider

AltexSoft Travel

This brings convenience as customers can easily search for holiday destinations, book accommodations, and make payments online. The latest estimates by IATA show airlines alone lose a minimum of $1 billion annually because of payment fraud. The software then provides automated alerts on suspicious behavior and potential theft.

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Experiential Travel Explained: Players, Distribution Landscape, and Opportunities

AltexSoft Travel

It can be anything from booking a homestay instead of a hotel to volunteering at the nearby field to attending a weekend flea market or a local yoga class – you get the idea. They distribute their products to OTAs, DMCs, or other operators, list them on marketplaces, or sell directly to travelers (in the office or via website).

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BLOG – TRAVEL TECHNOLOGY TRENDS 2020

Open Destinations

They, amongst others, have been trailblazers in the shift from traditional booking methods to technology-lead equivalents designed for today’s connected world. . Virtual Reality Booking. With the assistance of virtual reality, this can start right at the booking stage. Artificial Intelligence.