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Showing posts from May, 2022

Pricing Strategies Travel Agencies Can Use!

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  Mark-ups can give you great business and increase your revenue. Mark-up strategies play a major role in the travel business. A great business starts with having a powerful inventory by associating with the best suppliers, directly contracted hotels, activities, etc. Once you secure these, you can add a markup on them through a markup profile. Here are a few strategies you can use to build a business based on smart ideas with OTRAMS. Pricing strategies for business:  Mark up lets you create and utilize pricing strategies for your business profit. You can have pricing strategies that allow you to sell your services at special rates when there is a possibility of high demand. You can have discounts for the agents, customers, etc to ensure maximum sales. You can tweak your markup to create a price bracket that is good enough for the sales to work out. Pricing strategy for Agents:  All of your agents have varying success ratios. You can have different pricing strategies for ...

How to Create a Travel Mobile Application in 2022

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  Technology has made the world a smaller, more reachable place. It's not just easier to see, hear and learn about distant places but also visiting them is easier, faster, and smoother. Technology has made travel easy and accessible. How easy is it to travel? Reliable technology is all that is needed to research, plan and book a trip. Travel companies need to capitalize on this to boost their business.   Therefore, travel apps are an absolute must for a travel company. People not just use their smartphones to plan and book their travel but also carry them during their journey. People tend to use their phones to stay informed on updates during travel, to navigate through unknown places, book activities, search for restaurants, etc.   If your travel company does not have a travel app, it's time to create one. To create travel mobile apps, there are many facts you need to consider.   Type of app:  Narrow down the type of app you want to create. There...

Benefits of Smart Mark-up Strategies for Travel Agencies

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  Your profits depend on various factors, one of the most important could be your Mark Up rates. Earning greater revenue from markup requires you to have a reliable markup policy. A smart mark-up policy helps you manage your margins as well as offer smart pricing to your travel agents and customers. Benefits of Mark Up pricing Manage profits:  You can set a rack rate and add a markup to it. Your markup price is an additional amount added to your price that will help you gain more profit from the transactions. Competitive pricing:  A sound markup strategy allows you to sell your inventory at a competitive price that helps you boost your sales. What OTRAMS offers? With OTRAMS you can calculate and add your markup profile, boost profit, avoid errors and save time. Mark-up profiles:  Users can create markup profiles/tiers. You can use or assign these profiles to agents based on their potential/ business needs. Multiple markups:  OTRAMS allows you to add multiple mar...

Impact of Travel Apps on the Tourism Industry

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  Technology makes travel and tourism better, easier, and mostly a hassle-free process. The travel industry has gone through a complete overhaul with digitization. Mobile apps have made travel planning and booking effortless. With evolving technology, mobile apps have more features that are perfect for businesses to serve their customers better. Travel and tourism is one such business. Physical bookings in travel are an outdated concept. There are many websites and mobile apps that can do this. These apps can not just book your tickets but also plan the whole trip for you. Let’s understand the impact travel apps have on the tourism industry. Booking System Real-Time content Communication:  Eliminates paperwork & Ease of payment Personalization Location-based services You may also read:  Mobile Apps- A Must-Have for Travel Companies The benefits of  travel mobile apps  aren’t just for the consumers, the travel companies can benefit too. This is a great market...

Most Popular Services at Arabian Travel Market 2022

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Hotels and accommodation: People are looking for various types of accommodations for both long and short stays. This means that hotels, motels, service apartments, villas, and other types of lodging are in high demand. ATM will be a popular destination for services that provide access to a wide range of hotels and accommodations. Flights: Customers who purchase airline tickets prefer to include ancillary services such as meals, seating options, and baggage options, among other things. They like having the option of filtering through available options. At ATM, GDS, and flight reservation system providers will be in high demand. Car Rentals: Travelers want a car service that provides a comfortable ride, friendly service, and a pleasant experience. People want services that guarantee the quality, safety, and a large inventory. Customers will rely on car rentals during their travels, so car rentals will be quite popular at ATM. Travel Technology: A strong travel technology provider can...

50 Travel Suppliers Under One Roof | Arabian Travel Market 2022

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The Arabian Travel Market is an excellent opportunity for businesses to learn about travel technology, which will help them digitalize their operations and promote better customer and agent engagement. Arabian Travel Market can assist businesses in getting one step closer to leveraging technology to increase profits and grow their business.  ATM contributes to the growth of the travel industry by learning about and utilising the most recent trends in travel technology. We have partnered with the best travel provider. If you want to build a strong inventory for your company.  To schedule a meeting with us at  Arabian Travel Market .