Remove Benefits Remove Destination Management Remove Networking Remove Travel Agent
article thumbnail

Cultivating Collaborations with DMCs to Drive International Luxury Travel

DCI

The international luxury travel market is looking for exclusivity, with Travel Weekly dubbing the new wave of travel “ ultraluxe.” Most travel advisors, unfortunately, can’t handle these customized bookings on their own. As international travel continues to rebuild, financial resources continue to be scarce.

Travel 57
article thumbnail

Experiential Travel Explained: Players, Distribution Landscape, and Opportunities

AltexSoft Travel

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. Connectivity in the travel industry.

Travel 105
MICE professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Destination Management Companies: How Travel Agencies Can Tap Into DMC Potential

AltexSoft Travel

Online and offline travel agencies provide a wide selection of services to a wide range of audiences, so they rarely have control over the resources at the immediate destination. Destination Management Companies or DMCs are the needed link connecting travelers and service providers. Who does then? Accommodation.

article thumbnail

Travel Agency Inventory System: Main Sources and Management Aspects

AltexSoft Travel

There are three other aspects worth mentioning that are closely interconnected to inventory management, but are technically parts of other modules. It’s important to set up business rules that determine the search priority for supplier networks (depending on agreed rates and other cooperation conditions). Business rules.

article thumbnail

Travel Booking Engines: Types, Functionality, and Integrations

AltexSoft Travel

B2B booking engines are employed by travel wholesalers (bed banks, consolidators), destination management companies ( DMCs ), or large OTAs with huge inventory (like Expedia) to sell products and services in bulk to other businesses — smaller travel agencies or corporate clients. Multi-channel booking engines.

Booking 69
article thumbnail

Understanding Online Travel Agency Business: Partners, Building Blocks, How to Grow

AltexSoft Travel

Airline and hotel distribution network. Travelers can go directly to the hotel’s or airline’s website but around 44 percent of people go to OTAs to compare prices and see the whole pool of options. These industry players buy hotel rooms in bulk and sell them to OTAs, travel agents, or even airlines. Here’s how it works.

Online 72