In today’s life, selling online has become inevitable for Travel industry. Travel Technology plays a crucial role for selling online, which may also be referred as a Hospitality or Tourisim Technology. Travel and Tourism industry is all about connecting different people and culture with the help of new technology. In this turbulent economic environment we have to opt for an innovative solution that maximizes the revenue and reduces cost. Modern companies in this complex travel market will get succeded by adopting a new Technology for their benefits. Travel technology includes many processes such as dynamic packaging system, which provide useful new options for consumers. I would like to share with you a how an Hoteliers and other distributors related to the travel industry can maximize their revenue by using the latest technology.

 

Travel Technology was associated only with the Airlines Industry But now it has been incorporating the broader tourism sector and the subset of Hospitality sector. The world of online selling is growing at very high speed and the End customers and the Clients have the power with multiple tools to research with the help of online travel technology. It includes the Hotel Booking System by which the Customer can book the inventory online they can do Hotel Comparisonif any other hotels providing different rates. They can also book the Excursion and car with the help of Car BookingFacility online and the Tour Package Booking. The travel technology offers the suppliers, Distributors and other Travel Agency to manage their inventory independently. It allows them to distribute inventory through the maximum number of channels available online, which also includes Global Distribution Systems (GDS). It allows the Supplier ease with Revenue Management (Yield Management) functions. With the help of Comprehensive Reporting System, a supplier can get a details report regarding the Total Revenue generated at the end of day and also the cancellation per day.

 

Every Travel Agency is facing a problem in connecting itself with travel suppliers and in online management of contracts and licenses. The process is usually time consuming and causing errors, but now with the help of Travel IT Solutions the hotel Suppliers enabled to upload their contacts on their own.Travel Inventory Distribution System also facilitated the suppliers to decrease or increase the availability of the rooms thus employees now have to spend less time on travel related task.