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Middle East's Leading Travel ERP Technology Provider 2017 OTRAMS is the flagship Travel ERP System of Qtech Software, a Travel Technology Company with 16 years of experience and over 45 clients across More
Challenges the Online Travel Industry Faces and How to Solve Them?
The online travel industry is one of the fastest-growing industries, but with the current setup, it is difficult to believe that we have taken so long to get here. Taking technological advancements into account, we are indeed being left behind, while other industries with comparatively fewer resources have evolved faster and are much more open to all.
Let’s have a look at the biggest problems the online travel industry is facing today followed by what can be done to minimize or curb them.
How do you develop a white-label solution?
The most important aspect in establishing a white-label solution is a technology supplier. The technology supplier creates the white label, which is a standard element of a solid technology platform. The wholesalers then offer this to the travel agent. Wholesalers that want to provide such solutions must work with a reliable technology supplier. https://www.otrams.com/white-label-solution-for-travel-agencies/
Travel agents, if your company does not have a travel app, you are missing out on a large number of potential customers. If we've learned anything over the last five years, it's that mobile apps are unquestionably the future of how people buy and sell goods and services. Most, if not all, businesses have a mobile app and use it to serve their customers.
People have relied on their phones for information on travel, booking, and anything else that can make their journey smooth and hassle-free since the smartphone entered our lives. Travel apps are assisting in the transformation of the travel industry by making the process simpler and faster.
Travel apps can assist travelers from the moment they plan their trip to the end of their journey.
Access to the best technology makes it the simplest to create and sell semi-dynamic packages. OTRAMS by Qtech Software includes a cutting-edge package creation tool that is ideal for creating semi-dynamic packages.
Benefits of Smart Mark-up Strategies for Travel Agencies
A variety of factors influence your profits, one of the most important of which is your markup rates. A consistent markup policy is required to increase your markup revenue.
A smart mark-up policy allows you to manage your margins while also providing your travel agents and customers with smart pricing.
The Benefits of Mark Up Pricing
Establish a rack rate and add a markup to it to manage your profits. Your markup price is an amount added to your price that allows you to profit more from the transaction.
Competitive pricing: A good markup strategy allows you to sell your inventory at a competitive price, which aids in sales growth.
