Latest Trends In Travel Industry

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Travel industry is a dynamic industry that keeps changing every year. Tour operators and travel agencies constantly spot new and latest trends in the travel in order to increase their chances of sales. The fact about travel trends in one successful year might not be the same for the next one and thus, travel agencies adapt the environment and trends adequately in order to stay in the competition. 2016 was a good year for the travel industry.It was adventurous, productive and even though with too many challenges, it did grow smoothly.

Below are mentioned some of probable latest trends in travel industry 2017

  1.       Adventure trips: As per Virtuoso, one of the latest trends in the travel industry is adventure trips such as African safari, hiking Swiss Alps, swimming with whale sharks in Australia or Mexico. Latest reports have shown that travelers are now moving into a more adventurous destination for their travel plans, thus increasing interest in hard adventures.
  1.       River Cruising: A traditional cruising like the Rhine or Volga River with bedrooms and public areas with Colonia Style furnishing is getting more and more popular among adventure seekers. Myanmar, Laos and Thailand introduced this adventurous cruising trip amid the jungles and mountains, passing through UNESCO world heritage sites such as Luang Prabang and Golden Temple.
  1.       Food tourism: One of the major element of tourism is food, and travel industry has taken quite a notice to it. According to Patrick Whyte, UK Editor – Skift, food experiences aren’t limited to just dining out, but also farm tours, classic food market and cooking courses, which are about 95% of these experiences. Food also plays an important role for travelers to learn the history of the place and make a pact with their culture, which plays a valuable resource for travel agencies as well.
  1.       Mobile photography: More and more travelers are looking for ways to capture their memorable moments. And with latest advancements in mobile devices and their cameras, it has become easier for them to do so. Travel agencies can benefit it by adding this to their marketing efforts and develop user generated content. Allowing travelers to go through breathtaking views and helping them capture those moments by giving them time to have a photoshoot could increase customer satisfaction.
  1.       Train travels: Vintage train trips, providing deluxe dining car, passing villages, river, countryside and all the Europe, giving a soothing pleasure to the commuters is becoming popular among people. These trains stop at cosmopolitan cities where passengers are provided with luxury hotels for the night until the whistle blows in the morning.

Other latest trends in travel industry include responsible tourism, business and leisure travel, medical tourism, Millennials and many more. Travel agencies are required to adapt these travel trends in order to attract more and more travelers to their company.

QuadLabs is a leading travel technology provider, giving tour operators and travel agencies methods to adapt to these travel trends and increase their business’s potential to get higher return on investment.

Some Notable Effects of Demonetisation on Travel Industry

Since the demonetization hit the Indian economy on November 8th, 2016, India witnessed a huge let down in the economy. The bold move by PM Modi, to remove Rs 500 and Rs 1000 notes as legal tender while introducing new Rs 2000 notes in the circulation may be the right and most needed decision to be made in order to control the black money in the country, but it surely made the economy came to a temporary halt, for which he was majorly criticized as well. Travel industry is one such industry that suffered greatly from this heroic decision. Let’s point out some areas where the effects of demonetization hit immensely to the industry.

  1. Inbound and outbound travel: Most Indian travellers found it extremely cumbersome as cash in hand was not a legal tender currency. Card facilities in small shops and roadside market were not available.
  2. Domestic travel: People travelling within the country also tackled issues related to payment Hotels and restaurants along with transportors did not accept old notes.
  3. Reduced traffic on online travel portals: Indian travelers neglected the thought of traveling after the ban, hence the online travel websites saw a considerable decrease in the traffic.
  4. Travel plans postponed: Many travelers postponed their travel plans due to shortage of money. The main priority was to get cash in hand as the Governement had a deadline to exchange old cash into new ones.
  5. Airline bookings: The unexpected ban also hit the airline industry hard as lots of travelers cancelled their air tickets.
  6. Restaurant reservations: Restaurants in big cities showed a massive drop in reservations. There were many cancellations and no shows, which affected both small and large scale hoteliers and restaurants.
  7. National monuments: The number of visitors to national heritage sites showed a significant decline as well. This was mainly due to the shortage of new currency, which made both the domestic and foreign tourists face many issues.
  8. Increased digital payment: Not all the effects of demonetization to travel industry were negative. After the bold decision, travel industry showed a brilliant increase in online payments where the travelers booked their hotels, flight and other travel products using their cards and Internet banking. It also allowed small vendors to use digital wallets as a payment medium, which helped both the travelers and the business owners greatly.

As stated by PM Modi during his demonetization speech that people of India would face difficulties for a couple of months, however, it will only be temporary. His words was true and today, even after so many issues, travel industry in India has shown a rapid growth in the current year.

Address:- 

QuadLabs Technologies Limited

720, 7th Floor,JMD Megapolis, Tower B,

Sohna Road, Sector 48,

Gurgaon 122018, Haryana, India

Phone: +91 9560509246, +91 124 663 6999

Web: http://www.quadlabs.com  Email: marketing@quadlabs.com

Travel Technology platforms for the growth of travel agents and tour operators

Whether it is an established travel agency or a start up tour operator, the need of travel technology cannot be ignored. Every travel company has to adapt a superior travel agency software, which allows them to arrange and manage their travel bookings effectively. Travel technology platforms are helping the travel industry in the rapid growth like they have never witnessed. In earlier times, travel agents used to have difficult time while organizing and managing tour for people. Whether inbound or an outbound tour operator, everyone faces enormous nuisances due to uncertainties of travel.
However, development in travel technology,has given these travel agents and tour operators a greater opportunity to earn a higher return on investment by migrating their business to Software as a Service. Today, travel agents are able to target their audience through better content management system, Global Distribution System and travel agents software. Below are mentioned, how travel technology systems help grow different tour operators.
1. Inbound tour operators: Inbound tour operators invite tourists from other countries and provide a tour of their country. With travel technology system, it would be easy to reach people from other countries. Technology helps the Tour operators send details about tour package, travel destinations, rates, accommodations and other travel related queries, which would attract them to book their agency.
2. Outbound tour operators: These tour operators send people from their country to destinations outside the home country. Travel technology allows Outbound Tour Operators to find people who are looking for a tour in different countries.
3. Travel agency: Travel agencies are an organization which suffice travel needs for people. They plan vacations or business travels for individuals or a group of people as per preferences and budget. Travel technology comes very handy for them as it allows them to target people who are searching for hotel rooms, flights and other travel products by giving them a fair deal. Arrangements such as hotel booking, flight or bus reservations, car rentals, holiday packages are made by Travel Agencies. Furthermore, they also make sure that the travelers don’t have any sort of difficulty during their stay in a different city or country.
QuadLabs travel technology system help these travel agents and tour operators to organize and keep track of their bookings, business processes and front and back office data in a systematic manner, thus providing utmost satisfaction to the traveler regardless of the type of the travel. They are highly specialized and reliable travel technology provider who plays a very important role in maintaining a healthy relationship between the travel company and the customer for years.

Role of GSA and Distributor model in the era of travel industry

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In this era, where travel industry is evolving rapidly due to the latest upgrades in travel technology solutions, travel agents and distributors are benefitting from it high time. However, the role of GSA and distribution solutions cannot be ignored for the immense success of travel industry and travel agencies. The fact that GSA and distributors are using B2B software solutions effectively in order to meet the requirements of travel agencies who wish to enhance their customer base by providing outstanding travel products at a very reasonable price. Let’s discuss the importance of GSA its distributor model and their role in the growth of B2B agents and travel industry.

GSA solutions for B2B agents

General Sales Agent, or simply GSA, are sales representatives for an airline of a particular country or region. GSA are responsible for selling their airline products to travel agents which includes flights and cargo space.GSA receive a commission of 3-5% per ticket. They play an important role in helping travel agencies to set up their holiday packages or book flight tickets for their customers. Any travel technology solution provider offering B2B software solution to a travel company also provides them with remarkable GSA solutions, giving them better opportunities to book airline tickets as per their needs and budget.

It allows the travel agency to get benefits such as intelligent ticketing with cost savings, better management of flight tickets that include cancellation with minimal or no charges, rearranging flight schedules, effective flight booking system and of course, cheaper rates to earn more profit.

 

Distribution solutions for B2B agents

Now when it comes to providing travel agents with distribution solutions, travel technology services make additional efforts to make sure they have no trouble in their business process. And in order to accomplish that, they provide distribution solutions for B2B agents, which empower them to sell more tickets using the Global Distribution System and API. These include travel products such as hotel rooms, car rentals and much more at a better price. It also comes very handy for managing corporate travel, which many travel agents seem to offer to their client. Distributor solution have great importance in the travel industry and for travel agents as they won’t be able to survive in the industry unless they have proper and adequate travel items. An established travel technology provider allows travel companies to have better distribution solutions.

Apart from possessing an attractive online booking system, it is highly necessary that a travel company use the services of GSA and distributor model in a more effective way, if they wish to compete in this heavy market. Today, no company can survive without Technological assistance, and travel industry is no exception. QuadLabs,a leading travel technology service provider fills the void for GSA and Distributors.

 

Address:- 

QuadLabs Technologies Limited

720, 7th Floor,JMD Megapolis, Tower B,

Sohna Road, Sector 48,

Gurgaon 122018, Haryana, India

Phone: +91 9560509246, +91 124 663 6999

Web: http://www.quadlabs.com  Email: marketing@quadlabs.com

 

Is Midoffice automate travel operations, processes, sales and reconciliation?

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Booking engines support us to earn profit on sales, being a travel agent you can easily update prices and offers, depending onto the market conditions. However, there is always a need to integrate systems installed at different places to manage all bookings received.

MidOffice is a “Central Booking Handling Interface” wherein bookings are received different sale channels and processed till the final document is delivered to the customer. These sales channels are distinct or multiple and have a defined role to play, MidOffice takes the responsibility of integrating systems like Booking Engine and third party tools.

Continue reading “Is Midoffice automate travel operations, processes, sales and reconciliation?”

Boost Your Business Profitability With an efficient travel management platform

Travel management is an effective term for any business organization, which includes balancing their employees travel need in order to obtain business objectives. Business all over the world constantly requires to send their employees to different cities and countries for various important projects that would help the company to boost their sales and profitability. It is a fact that managing travel of business personnels is a very tedious and hectic task, which involves booking hotels, car rentals, flights and taking care of their business needs at every given time. Thus, every company requires to have an efficient travel management platform, if they wish to make their corporate travel a major success.

Continue reading “Boost Your Business Profitability With an efficient travel management platform”

How Travel Technology helps B2B Travel agencies and DMCs?

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Over the last few years, there has been enormous expansion in Travel Technology and this is going to continue for many more years. Process automation is the need of the hour. In 2017, many changes are anticipated in Travel Technology industry. The advancement of Technology affects the commercial aspect of the Travel industry. Innovative solutions would enhance capabilities and support companies to drive-in more revenue through smart marketing features.

Continue reading “How Travel Technology helps B2B Travel agencies and DMCs?”