dyDynamic Packaging source : http://www.provab.com/dynamicpackaging-travelsoftware.html
Dynamic Packaging has been the key topic of the year as it is being discussed at every industry event in the recent years. The concept of dynamic packaging is not new to travel software, it has just come up as a solution associated with the rising demand of the merchant model. It is the solution for bringing all the needs travel agencies under a single platform.
“Dynamic Packaging” is the most preferred word used by the travel management companies at the present situation. Most of the travel software has made dynamic packaging as their essential features. It involves the implementation of package holiday booking, which enables the consumer to have the individual package including flight booking, hotel booking, and car rental booking as a replacement for purchasing per-defined package on any web based OTA Software. Travel management companies working on the concept of dynamic packaging has experienced tremendous growth rate. This has led to the organizations in the travel domain to implement dynamic packing concept into their systems.
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PROVAB TECHNOSOFT (quality award)
http://www.provab.com/hotelreservationsystemqualityaward.html), being a leading booking system software development company, integrates and deploys the dynamic packages on clients’ travel websites. The dynamic packaging system comes with flight search engines, hotel search engines / hotel reservation system, car module, cruise and vacation packages. It caters B2C B2B and B2B2C business models.
The inventory sourced from flights, hotels and transfers are dynamic and thus dynamic packages can be booked in real time. Dynamic packages are better than the normal shopping cart module, as it provides the users the intelligent choices to select and book. All these three components are combined to give the consumer a total package which is dynamically priced.
This can let even the subagent’s customers manage their booking via the same portal. Customers can click on a button on the agent’s web-portal and view their itinerary, check for any messages from the agent and make part or all of the holiday payment.
Dynamic packaging helps all the major components (flights, hotels, car rentals, cruise etc.) in a travel reservation system to connect with each other as well as maintain the profit margins for the agent apart from maintaining a good customer relationship.
When a customer books flight, hotel or car rental separately, the wholesale cost or the profit margin is not visible to them. While choosing a dynamic package the overall wholesale price or discounted price is still hidden from the customer. As the customer gets the overall package at a lesser rate compared to what he must have paid for an individual component. Thus the customer is satisfied. For online travel agents, these cost prices are typically significantly lower than the cost prices suppliers offer for the same products if they were to be sold as single components.
Dynamic Packaging helps the individual suppliers of hotel or airlines to get rid of distressed inventory at discounted fares. For example for any hotel or airline the prices are more when you buy it in last minute.
Thus any consumer books the flight tickets or hotel rooms well in advance. But at any case, if 60% of the fight tickets were not sold or 50% of the hotel rooms were not booked at the last moment then these airlines or hotels have to sell their respective inventory for a lesser cost affecting their margin. On the other hand knowing this trend, the consumer will wait till last moment to buy these tickets or reserve the rooms. This would make any airline or hotels difficult to manage their fares. With the help of dynamic packaging, the inventory is sold in the right time with proper channel management keeping strong margins and high sale price of the product.
Airline reservations bring top growth for online travel booking portals
With travel technology advancement that the world has witnessed, airline reservation system couldn’t be left behind. There was a growing demand for an online reservation system which could help in swift booking of the airline bookings. With the top GDS like Amadeus, Galileo and Sabre, airline reservations through online portals, have gone onto a next level. Higher volumes are making up for the thinner margin in flight booking domain.