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Glossary
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Automated Travel System
An automated travel system is a type of computer software that is designed to automate various tasks and processes related to travel, such as booking flights, hotels, and other travel-related services. An automated travel system typically includes…
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Business Travel Management
What is Business Travel Management? Business Travel Management refers to the process of efficiently planning, organizing, and managing all aspects of business travel on behalf of an organization and its employees. It encompasses the policies, procedures, and strategies employed to optimize business travel activities in accordance with current industry trends while ensuring compliance, cost-effectiveness, and…
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Business Travel Operations
The term Business Travel Operations refers to the processes, activities, and logistical functions involved in managing and facilitating business travel for employees within an organization. It encompasses the day-to-day operations and tasks required to ensure smooth and efficient travel arrangements, bookings, and overall travel experiences for employees. Business Travel is a lucrative niche for…
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Central Reservation System
Revolutionizing Travel Agency Operations: The Impact of Central Reservation Systems In the fast-paced world of travel and tourism, managing reservations efficiently and effectively is crucial for the success of travel agencies. One tool that has revolutionized the industry is the Central Reservation System (CRS). What is Central Reservation System (CRS)? A Central Reservation System (CRS)…
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Demand-based Pricing
What is Demand-Based Pricing? Demand-Based Pricing, also known as dynamic pricing or surge pricing, is a pricing strategy used by travel agencies and other businesses to adjust prices based on the level of demand for a product or service. It involves setting prices that fluctuate in response to various factors such as time, seasonality, availability,…
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DMC Software
DMC (Destination Management Company) software is a type of software that is designed specifically for the travel industry. It is used by destination management companies, which are…
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Dynamic Packaging
Dynamic Packaging is a term used in the travel industry to describe a method of creating and selling customized travel packages to customers. It involves combining…
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Inbound Tour Operator
An inbound tour operator is a specialized travel company or agency that focuses on organizing and managing travel arrangements for visitors coming into…
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Inventory System in Travel
What is an Inventory System in Travel? An Inventory System in Travel refers to a comprehensive software solution or management framework that enables travel agencies and companies to effectively manage and track their inventory of travel products and services. It serves as a centralized system that provides real-time visibility into available inventory, facilitates bookings and…
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Tour Management Software
Tour management software is a type of computer program designed to help tour operators manage their operations, bookings, and customer interactions. It is used by businesses…
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Travel Agency Software
Travel agency software provides a set of tools and applications designed to help travel agencies manage their business operations efficiently. This type of software usually consists of…