The Changing Aspects of The Travel Agency Business

1. The Changing Aspects of The Travel Agency Business Within a very short period of time, the travel industry has come a long way and the latest, advanced and innovative travel technology solution can proclaim the credibility for the same. When it comes to delivering the services among the millennial travelers, OTAs yield the best travel services and products to the clients and that too in an efficient and easy to use way. OTAs have nearly obliterated the traditional travel agencies that were once responsible for booking tickets and hotels. The travel agencies have decided to integrate add-on services, when the airline industry declined to give high commissions to the travel agencies back in 90’s. It had become a necessity for the travel agencies to add new services and products and in order to do the same they have decided to go online in order to aggregate other global travel components. During this period, travel technology was at its peak and in order to survive in the market, travel agencies have implemented the latest technology and become the aggregator of the global travel component. Now, millennial travelers are easily booking flight tickets, hotel rooms, rental car, bus etc. from the multifarious source of options available on the portals of the OTA. The travel agency industry is already in a consolidation mode and with larger players constantly acquiring smaller and niche travel agencies to increase market share. The future of the travel agency depends on innovations. Adding value to your service

2. When the airline commission disappeared, the travel agencies have understood the fact that to survive and to have sustainable growth in the market, they must go beyond their limitations and provide out of the box services to their clients, which must include hotels, bus, car, train, cruise etc. along with dynamic packaging of travel components depending on the season and leisure vacation, such as seasonal package, holiday package, family package, honeymoon package, corporate travel package etc. These added values have motivated the travelers to prefer OTAs to make their booking for their trip. The future relies on high-tech services OTA must understand that they must keep pace with the changing trends of the market. Using the latest technology will help the OTA stand ahead in the market. Integration of new features will help them proffering dynamic packages to their clients. The travel agency is not going away anytime soon. But agents, who fail to update themselves with modern tech will be vanished by the time. Travel agents get access to multiple data that a regular traveler is not exposed to. Travel agencies are collaborating with the travel portal development company to become the largest aggregator of the global travel content and become their targeted audience’s favorite. Source: business/ https://awebcity.com/the-changing-aspects-of-the-travel-agency-