Travel Inventory Consolidation - Increase efficiency and enhance the customer experience when you provide all resources in one place.

 

Understanding Travel Inventory Consolidation In The Travel Industry

 

Travel Inventory Consolidation refers to the process of aggregating and handling travel-related inventory from various suppliers, including airlines, hotels, car rental companies, and tour operators, into a single platform. This enables travel businesses to offer a broader range of travel options to their users while streamlining processes and increasing productivity. 

To address this fragmentation, travel inventory consolidation services have emerged to integrate content from various sources, such as GDSs, NDCs (New Distribution Capability), LCCs, hotels, cars, transfers, cruises, activities, tours, and other related content providers. By integrating this content into a single platform, it is easier for customers to access a variety of services and compare prices and options.

It’s also essential to integrate an inventory module of a travel agency software system with other IT solutions (such as a pricing module, booking engine, accounting tool, etc.) to establish seamless data exchange.

In general, consolidation services aim to provide a smooth, all-inclusive, and user-friendly experience for travelers while enabling providers to reach a wider audience and broaden their distribution channels.

 

How Travel Inventory Consolidation Can Improve Your Travel Business ?

 

Travel inventory consolidators are intermediaries that buy flight tickets in bulk from airlines at discounted rates and then resell them to travel agencies at a markup. Usually, they concentrate on certain routes, regions, or types of travel (e.g., business travel, international flights). Travel Inventory Consolidators assist airlines in filling up unsold seats and also provide travel agencies with access to discounted fares that may not be available through the GDS or instantly from the airlines.

Consolidators are basically wholesalers who buy blocks of seats at bargain prices from airlines and sell to travel agents at a markup. Consolidators buy tickets from airlines at special rates and resell them direct to travelers or to travel agents.

There are various types of travel consolidators. Some specialize in wholesale ticket sales, where they resell their tickets in volume at low margins to travel agencies. Other consolidators specialize in multi-stop destinations. This is a difficult market to make remarkable profits in. Some consolidators are destination specialists with a smaller customer base. These consolidators negotiate significant discounts, then bundle flights with other services such as hotel and car hire.

Partnering with travel consolidators can facilitate the process involved in starting an online travel business agency. You can save time in collecting data on the air fares of individual airlines. You can also opt for various services that travel consolidators offer to enjoy the same advantages of saving time and money.

Travel agency inventory includes any travel-related products sold by their providers or distributors, such as wholesalers, travel agencies, or tour operators. Travel inventory can include

• flights,
• lodging (hotel rooms, apartments, vacation rentals, or any other kind of accommodation),
• car rentals,
• cruises,
• tours and activities, and
• other kinds of transportation, e.g., rail or bus tickets.

 

Benefits Of Using A Travel Inventory Consolidator

 

There are several benefits associated with using a travel inventory consolidator for booking airline tickets or other travel services:

 

Cost Savings: Travel Inventory Consolidators offer discounted fares that can result in significant cost savings for travelers.

Access to Exclusive Deals: Travel Inventory Consolidators often have access to exclusive deals and promotions that may not be available through other channels.

Flexibility: Travel Inventory Consolidators can provide a wide range of options for travel dates, routes, and airlines, giving travelers more flexibility in their travel plans.

Convenience: By working with a travel inventory consolidator, travelers can access a variety of travel services in one place, simplifying the booking process.

 

Types Of Travel Consolidators

 

Travel consolidators can be of various types. They can be:

 

• Experts in selling tickets at wholesale prices
• Specialists in selling airline tickets online builds with the help of a collaboration with multiple airline suppliers in efficient platforms that Trip Mega Mart can build for you
• Sellers of airline tickets along with other travel products through a GDS, XML & API flight & hotel integration

 

Are You Finding Out The Best Consolidator For Your Travel Business ?

 

If you are looking for the right consolidator, Travelopro can be a good option. With years of experience in the consolidator business, we are capable of offering enormous discounts on international flight tickets. We can also help you enhance your business by handling sufficient discounts on group fares as well.

We provide travel inventory consolidators, which play an essential role in the travel industry and target niche market by giving heavy discounts and low fares that are relevant to the target group. We offer the services of consolidator integration. Our technical team integrates the data of the consolidator according to your choice, which provides you with a platform to cater to the requirements of your customers.

Flight consolidators, or aggregators, are brokers that book airline seats in bulk at discount rates and then resell them to travel agencies. Travelopro offers XML/API integrations with such flight consolidators.

We build cloud-based travel inventory management tools for real-time handling inventory and visibility on desktops and mobile devices. We have a qualified and experienced team that can design and establish an airline inventory management system based on your needs. 

Our platform has unique features that enable you to have complete control over your inventory. Our Travel Inventory Management System provides versatility and sales-based travel inventory controls, which can increase entire travel revenue.

Travelopro’s inventory consolidation can help companies simplify their travel management processes, reduce complexity, and gain greater visibility into their travel spending. This can lead to cost savings, improved compliance, and better travel experiences.

The Travelopro solution provides the travel inventory consolidators and suppliers with a solution to build their own inventory and sell it to the travel agents.

Working with various travel wholesalers from different geographical locations, we gained immense experience in the field, which allowed us to establish a powerful software solution fit for travel consolidators and distributors, from very large to small ones.

 

Types Of Travel Inventory Consolidators:

 

• Airline Consolidators
• Hotel Consolidators
• Car Consolidators
• Cruise Consolidators
• Activity Consolidators

 

Airline Consolidators:

 

Airline consolidators are an essential element of the travel industry. These flight wholesalers act as air ticket brokers, purchasing large volumes of discounted airfares in bulk directly from airlines and then reselling them to partner agencies. Apart from their role as air consolidators for travel agents, they can also serve as flight ticketing partners for non-accredited agents, making it easier for smaller businesses and startups to break into the industry.

Airline consolidators act as airline ticket wholesalers. They have access to discounted fares due to their reliable relationships with scheduled airlines. Consolidator fares are usually lower than the airlines' published fares. Using an air consolidator can help save you time searching for excellent fares for multiple routes. Moreover, the lower fares enable you to add a markup to the total price of the ticket while still offering your clients a discount.

The third-party agencies can also take published or advertised fares from the consolidators if they purchase air tickets in less quantity. The consolidators also offer wholesale prices for the advertised tickets. One such flight consolidator is Buy Air Ticket.

Overall, airline consolidators are the wholesalers of airline fares. They have well-established relations with airlines that help them get airfares at reduced prices or with a commission. These fares are then offered basically to travel agents who work with the consolidator.

Travelopro enables your travel agents and travelers to book flight tickets. We provide a reliable, robust integration to numerous flight consolidators. The robust Flights API connection enables your travel agents and travelers to book flight tickets online via your B2B, B2C, and corporate booking systems.

 

The benefits of choosing a flight consolidator

 

Here is a list of some of the key benefits of using a flight consolidator: 

 

Getting the most for your money - Flight consolidators can negotiate the best prices. Thus, in most cases, they are able to pass on discounts to their customers.

Access to unpublished fares - Flight consolidators can generally offer unpublished fares, meaning they are not available online. This provides you access to exclusive deals.

Finding the perfect flights - No matter what you need from your group flights, these travel consultants can make it happen. They can find the perfect flight times and dates to accommodate your unique requirements.

Ensuring a fair price - When trying to book group travel online, you might find that you have to make separate bookings. As a result, prices go up and down. But if you work with a flight consolidator, every member of the group will pay the same, making this fair and far more cost-effective. 

Enhanced flexibility - You can make changes to your booking as and when you need to, without having to go through the stress of trying to orchestrate these changes yourself. This offers more flexibility and peace of mind when planning your trip.

You’ll get expert guidance - Finally, you’ll get guidance from professionals in the travel industry. They can support you with your booking, offering advice on various destinations, routes, arrangements, and more.

 

Hotel Consolidators:

 

Hotel consolidators are travel management companies that provide an enormous database of hotel content to multiple travel agencies, travel startups, and even large OTAs through API or XML format. Hotel consolidators act as intermediaries between hotels and travel sellers, providing a single platform for accessing diverse hotel options.

The inventory connected with these hotel suppliers is connected to one's hotel booking system so that their own customers can book hotels instantly from their website. The B2B interface enables even the sub-agents to access the online booking system (to improve sales or bookings) to book hotels and earn commission on every booking.

With hotel API, hotel businesses are more likely to provide clients with various options from which to pick, enabling them to locate a suitable place to stay in a specific location they're visiting throughout the world. The most important advantage of the Hotel XML API is that it enables the website to be synced with mobile devices.

Leading hotel consolidators Expedia, GTA Travel, Hotelbeds, DOTW, Agoda, Hotelspro, WCT, Travco, Tourico, Bonotel, Travelocity, Jac Travels, Miki, and others have designed and developed hotel APIs to share the hotel inventory with global travel agents.

 

Key Requirements of Consolidator Business

 

• Connect to various CRS / bed banks / channel managers at the same time
• Manage private inventory rates and allocation via an intuitive interface
• Allow modification of cancellation deadlines to minimise risk
• Allow Agents to use b2b login to book on time limit
• Automated payment reminders for time limit bookings
• Automated management of time limit bookings including cancellation if not invoiced by the time limit
• Setup local rate access to get market specific rates for different customers for various CRS companies
• Powerful yield management system to dynamically price based on multiple scenarios
• Distribute inventory to other agents/OTA’s using XML based services

 

Car Consolidators:

 

Car Consolidator is a company that aggregates car rental inventory from multiple car rental companies and offers it to travel agencies, online travel agencies (OTAs), or other travel businesses. Car consolidators act as intermediaries between car rental companies and travel sellers, providing a single platform for accessing diverse car rental options.

 

Benefits of car consolidators:

 

• Increased car rental options for travel sellers
• Improved pricing and yield management
• Streamlined booking processes
• Enhanced customer experience
• Reduced operational costs

 

Key Features Of Car Consolidators:

 

• Real-time car rental inventory updates
• Automated booking and confirmation
• Pricing and yield management
• Car rental content management
• Integration with multiple car rental systems

 

Cruise Consolidators:

 

Cruise consolidators are service specialists who provide cruise packages and tickets at discounted rates through bulk deals and booking with other service providers. They provide the best possible and cheapest cruise trip deals that you cannot get on your own. Since cruising these days is becoming more popular among middle-class travelers, cruise consolidators’ websites have come up with some effective deals.

Travelopro is a major cruise consolidator that has trustworthy and secure cruise consolidators’ websites that are experts in their travel industry, offer hassle-free and care-free tour experiences, have an idea about exotic places, have a wide network of contacts that can arrange tailor-made cruise trips, organize everything from visas to food, provide all-costs paid packages, have no allegiance with any specific cruise line, and offer the best packages based on client needs.

To keep up with this booming industry, Travelopro offers an API-only cruise consolidation product that provides the ability to search, book, cancel, and amend cruises across the entire cruise market. This state-of-the-art tool ensures that travelers have access to a wide range of river cruise options, allowing them to tailor their experiences according to their preferences.

 

Benefit Of Cruise Consolidators:

 

• Increased cruise options for travel sellers
• Improved pricing and yield management
• Streamlined booking processes
• Enhanced customer experience
• Reduced operational costs

 

Key Features Of Cruise Consolidators:

 

• Real-time cruise inventory updates
• Automated booking and confirmation
• Pricing and yield management
• Cruise content management
• Integration with multiple cruise line systems

 

Activity Consolidators:

 

An activity consolidator is a company that aggregates activities, tours, and experiences from multiple suppliers and offers it to travel agencies, online travel agencies (OTAs), or other travel businesses. Car consolidators act as intermediaries between suppliers and travel sellers, providing a single platform for accessing diverse activity options.

 

Benefit Of Activity Consolidators:

 

• Increased activity options for travel sellers
• Improved pricing and yield management
• Streamlined booking processes
• Enhanced customer experience
• Reduced operational costs

 

Key Features Of Activity Consolidators:

 

• Real-time activity inventory updates
• Automated booking and confirmation
• Pricing and yield management
• Activity content management
• Integration with multiple supplier systems