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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
4 Ways Travel Companies Must Evolve in the Present Times
The current state of the economy has impacted practically every part of our life in some way. The travel industry, which has been nearly ravaged by the growing pandemic, is perhaps the worst hit.
The rehabilitation phase for the industry has begun slowly as other countries open their doors. However, current estimates suggest that the international tourism business will contract by 60 to 80 percent by 2020. As a result, the path...
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.
DMC has the finest expertise and contacts to obtain the best hotels, transportation, local activities, restaurants, and so on in the chosen destination. This will assist you in providing the greatest services and experiences for your customers.
They know and are linked to the top vendors. This way, even if you are not in the same city or have direct touch, you will be working with the finest.
They stay current on the numerous services, infrastructure, activities, and events available in their area.
DMC makes your job simpler. Instead of communicating with many vendors and organisations, you will communicate with a single point of contact who is familiar with the local service providers.
Read the Latest News in Travel Technology and Travel Industry from Qtech Software.
13 New Travel Portals Went Live with OTRAMS GO!
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Exciting New Feature Updates for OTRAMS
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.
