Travel Agency Software
Travel Management System
Travel Management System – BookingXML
What is a Travel Management System?
A travel management system is a software product that handles all components of your business travel. Typically, they are integrated with travel service providers, providing real-time quotes, bookings, and trip logistics in one place. Managers can track bookings, cancellations, adjustments, and rescheduling in real-time, eliminating a lot of the manual back and forth that formerly had to happen through email.
When done well, these systems support to enforce consistent company guidelines, maximize air miles and other loyalty programs, and find price savings whenever global business travel is need. In today’s modern era where travel is such an essential part of operations, this is a must-have for any company that takes their travel seriously.
How Travel Companies Can Benefit from Travel Management Companies
In today’s globalised world, regular corporate travel is now an easy fact of life for many organisations. However, it is also becoming more common for businesses to turn to corporate travel representatives or professional travel management companies for assistance. An agent can then support a business to optimise its travel strategy in a number of ways, often by taking on liability for booking flights, car rentals, accommodation and events. For hotel owners, this means corporate travel representatives serve as an expensive link to business travellers.
In order to actually book accommodation, flights and transportation for business guests, most corporate travel representatives will turn to a global distribution system, or GDS system for short. With this in mind, it is important that companies operating in the travel industry like airlines, car rentals or hotels looking to maximise their attract to business travellers also link with the main GDS systems.