What makes a travel technology market in the United States?
The travel market in the United States, like any other market, is based on supply and demand. The supply side is differentiated into providers for air travel, car rental, hotel booking, cruises, rail travel, etc. Demand arises from end customers who act via an agent for the most part in order to obtain an adequate overview of the multitude of offers.
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Travel Technology
Everyone loves to travel. Nowadays the number of travellers have increased tremendously. While initial thought of journey arise in the mind, many tend to get more information from the online sources. They search for the destinations, best deals, flight bookings, hotel reservations and best time for travel.
The traditional model of making personal visit to any of the travel agency and placing the booking, have totally changed. All the bookings happen online. Hence, your travel portal should be technologically advanced to meet the needs and preferences of your client.
If you are a travel agent and you plan to develop a new travel software or website for your company, make a note of the below mentioned factors. For those who own their own websites, you might be wondering why you are losing business? For all your queries, we are providing 10 important facts to consider before you design your travel website. If these factors are followed you can gain reach and thereby your business develops.
The value chain in the travel industry can be divided into five parts:
Supplier : Airlines, Hotels, Car Rental Companies, etc.
Inventory management : Administration of inventory in Central Reservation System
Distribution : Global distribution systems, aggregators, consolidators, and organisers.
Sales : Travelers can arrange their travel purchase through the online travel agency or even the provider directly on the corresponding website.
Market : The traveler or the company
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Travel Software Solutions
PROVAB TECHNOSOFT is an award winning travel technology company , delivering B2B / B2C travel software, travel CRM, accounting software, car rental software and mobility solutions to global travel & hospitality companies. We work with over forty top travel aggregators, global distribution systems, channel managers and DMCs. With clear focus on technology‚ agile methodology and innovation, we ensure quality deliverables and speedy turnaround to develop and deliver scalable travel portals and booking engines.
