Automation Banking Travel Agent Vendor 
AltexSoft Travel
MARCH 24, 2022
Streamlining and automating processes. While some are finding the automated payment processing too confusing to switch, others are hoping to avoid fraud in this way. Of course, OTAs and hotels are not always directly connected – quite often, between them, a few middlemen such as TMCs, bed banks , or GDSs reside. Guest payments.
AltexSoft Travel
NOVEMBER 24, 2021
A leading global distribution system in North America, Sabre leverages the content from airlines, hotels, car rentals, and other travel suppliers across the world. Instead of connecting with thousands of vendors separately, an online booking platform can integrate with just one GDS — and tap into the almost exhaustless source of information.
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AltexSoft Travel
MARCH 23, 2022
A tour operator is a travel company that devises the trip, books its components, markets it, and sells to travelers or travel agents. GDSs , hotels/lodges/ alternative accommodation , airlines, bed banks , transfer providers/ car rentals , activity suppliers/ destination management companies , and so on.
AltexSoft Travel
JULY 14, 2022
Tour operators are travel companies that devise itineraries, create corresponding multi-component tour packages, sell them to travel agents or travelers, and make sure everything goes well from the start to the end of the trip, having full responsibility to the traveler. Tour operators: providing turn-key services.
AltexSoft Travel
JUNE 25, 2022
Artificial intelligence and machine learning tools are widely adopted within the insurance sector to automate claim processing. The software then provides automated alerts on suspicious behavior and potential theft. Key fraud victims: travel (and not only) companies of different size. Fake online travel agency fraud.
AltexSoft Travel
OCTOBER 27, 2023
As Phocuswright’s US Online Travel Agency Market Report 2022-2026 shows, OTAs receive only 22 percent of total gross bookings, lagging well behind direct supplier channels (41 percent) and offline agencies (37 percent). The channel share in US travel as of 2022. Source: Phocuswright. percent from 2023 to 2027. A customizable website.
AltexSoft Travel
JULY 24, 2023
A traveler books a room for two nights via OTA and provides credit card information to pay $100 for the stay. The OTA authorizes the payment with its acquiring bank. Other vendors, from sightseeing tour companies to airlines to cruise lines, are also not big fans of VCCs — and for a reason. It basically covers everything.”
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