White-label solutions make building an online travel agency or OTA extremely easy and fast. You can establish your presence on the web in no time — and with minimal upfront cost. The simplicity of the launch attracts even non-travel players: Over the past two years, a number of financial companies, retailers, and loyal clubs have presented their branded booking platforms. That said, what kickstarts your business can, over time, hinder its growth. Plug-and-play platforms have many hidden limitations, preventing you from standing out in a saturated travel market. This article explores the capabi ..read more

Navigating the open seas of the hospitality industry means dealing with the ever-changing winds of demand and prices. A solid revenue management system (RMS) serves as a trusted steering wheel, guiding in the right direction and making that journey smoother. With the right RMS in place, hotels and vacation rentals can optimize room pricing, enhance occupancy rates, and boost overall revenue. From analyzing real-time data to making forecasts about future trends, these systems provide functionality for staying ahead in a dynamic hospitality market. This article offers insights into the essential ..read more

In the continuously changing travel industry, data-driven insights are revolutionizing decision-making processes. Beyond its fundamental role in elevating customer experience, travel analytics has a valuable impact on revenue growth and cultivating a competitive edge. This article explores the influence of analytics on marketing strategies, revenue management, guest personalization, and other aspects of the travel industry. We will examine key data sources, real-world use cases, and how to approach analytics in travel. Internal vs. external travel data sources At the core of effective travel a ..read more

The concept of subscriptions has been around for centuries, originally relating to fresh groceries and newspapers delivered to your doorstep – and gradually paving its way into other industries. Today, its penetration is enormous. The 2021 survey states that 98 percent of their respondents have at least one paid video streaming subscription. Millennials in the US reportedly have 17 entertainment subscriptions each. It seems nothing but convenient to set up an auto-payment and get cable or streaming services, ready-made meals, beauty products, gym passes, co-working spaces, online education, ho ..read more

In the ever-evolving travel industry landscape, the seamless integration of global accommodation providers is pivotal. OTAs, hotel booking platforms, and other travel businesses need to have real-time access to extensive hotel inventories to offer diverse choices to their customers. Hotelbeds, a leading accommodation wholesaler, provides this expansive inventory and advanced tech solutions, making it a top choice for many. This article delves deep into the core of Hotelbeds, its offerings, and a step-by-step guide, including our experience working with its APIs. What is Hotelbeds: Key things t ..read more

A well-structured B2B travel platform is no longer just a “nice-to-have.” It has become an integral tool, ensuring the travelers’ comfort and the operations’ cost-effectiveness and efficiency. This guide delves deep into the specifics of building a custom B2B travel booking platform specifically tailored for corporate travel. It encompasses understanding the essence of B2B travel platforms, the unique dynamics of corporate travel, and a short walkthrough on how to build one. Understanding corporate travel management and its unique needs Corporate travel management is a specialized function wit ..read more

Overseeing the entire aviation industry isn’t a piece of cake. International Air Transport Association (IATA) is the entity that’s been carrying this burden for decades. It relentlessly develops regulations, sets up procedures, creates digital tools – in short, it does everything to make international air transport safe and efficient. Read our detailed IATA explainer or watch the video below if you’re not really familiar with what IATA is. Here’s a cool video overview of IATA basics To make the whole system run like clockwork, IATA had to come up with diverse numbers and codes – to register a ..read more

Navigating the increasingly competitive hospitality sector landscape demands a thorough grasp of the vital performance indicators that display profitability. The Average Daily Rate (ADR) — one of the leading hotel KPIs for gauging performance and profit — has gained considerable importance, and for a reason. Whether you’re a hotelier aiming to optimize revenue or a tech enthusiast intrigued by the evolving dynamics of travel and hospitality, acquiring a comprehensive understanding of ADR will be helpful. In this article, we delve into the ADR concept, explain its formula, and shed some light o ..read more

There’s no denying it: ChatGPT, OpenAI’s groundbreaking AI, is the talk of the tech world. This impressive Large Language Model is altering the landscape across many sectors, with the travel industry emerging as a prime example of its transformational power. ChatGPT continues to reshape industries, redefining how we interact with technology. In this article, we’ll uncover the mystery of this AI marvel by explaining its foundation in prompt engineering and showcasing its growing value in the travel sector. We’ll highlight our company’s experience demonstrating how we’ve used ChatGPT within trav ..read more

More than two-thirds of sales in travel and tourism are made via the Internet, and the share of online vs offline bookings will only grow in the coming years. So the ability to accept online payments is becoming vital for any travel business. In this article, AltexSoft shares its expertise in the implementation of different payment scenarios. We’ll also discuss key things and concepts to know when starting the integration project. Payment essentials to keep in mind when accepting credit cards Before diving into details, we want to briefly outline the questions you’ll inevitably have to ask you ..read more