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How Attribute-Based Shopping Will Change Hotel Booking

AltexSoft Travel

Airlines realized long ago that unbundling their product and allowing customers to buy valued ancillaries not only improved revenue and margins but actually improved customer satisfaction. Room type examples A Rate Plan represents essentially the practical terms and conditions that go with a booking. You have three such rooms.

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

AltexSoft Travel

Flight consolidators are brokers that book airline seats in bulk at discount rates and then resell them to travel agencies. Airline consolidator business model: how it works. Most of the large consolidators appeared in the 1970-1980s when airlines had more seats than they could ever sell via travel retailers.

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Airline Alliances Explained: Benefits, Major Players, and Other Types of Partnership

AltexSoft Travel

There doesn’t exist an airline that would cover all the world’s regions and destinations. No wonder that, for now, many of the world-known airlines belong to global alliances. What is an airline alliance? There are three key benefits airlines get when joining a global alliance. Increased market coverage.

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Airline Alliances Explained: Benefits, Major Players, and Other Types of Partnership

AltexSoft Travel

There doesn’t exist an airline that would cover all the world’s regions and destinations. No wonder that, for now, many of the world-known airlines belong to global alliances. What is an airline alliance? There are three key benefits airlines get when joining a global alliance. Increased market coverage.

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Travel Booking Engines: Types, Functionality, and Integrations

AltexSoft Travel

A booking engine is the brains behind distributing travel products online. Without this software component, you can neither sell nor buy airline tickets or hotel reservations through the Internet. Trip-related companies employ different types of booking engines to run core processes instead of human personnel. Key features.

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Hotel Booking APIs: Wholesalers, Channel managers, and GDS

AltexSoft Travel

About half of all hotel bookings happens indirectly, meaning that travelers book rooms at Booking.com, Expedia, Orbitz, and other online travel agencies (OTAs). So, where do these bookings come from? It originated from the airline industry and slowly tried to capture adjacent travel segments. Book hotel rooms.

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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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