The rise of internet booking tools has posed a challenge for travel agencies since they allow regular passengers to search among a variety of potential providers to obtain the best deal. As a result, many agencies are focusing their efforts on niche sectors to find new business prospects, with a particular concentration on the corporate market.
This new generation of corporate travel agents focuses a greater emphasis on the level of service they can provide, ensuring that they use a modern corporate booking tool to assist business clients with the different challenges that may arise throughout their trip. There are several ways in which this has impacted the travel agency industry.
Reasonable Prices: Using an online portal to make business travel reservations. This lowers the service fee while maintaining complete visibility and tracking. Employees benefit from high-quality flights at a reduced cost thanks to a popular corporate travel booking service.
Customization Is Easy: You can set up an OBT to only show your chosen vendors, eliminate or flag alternatives that don't comply with your corporate policies, reject non-compliant reservations, and send policy reminders to staff. The flexibility to configure smart tourism features enables organizations to implement company-developed travel policies.
Payment Is Simple: Typically, each OBT contains one or more verified payment methods. As a result, you eliminate a significant amount of manual effort and provide your staff with a comprehensive, secure, and simple tool for booking and paying for services.
While they have introduced an additional expense that some travel agencies are unwilling to pay, especially if they do not wish to focus their services on business travel, they have also created a niche in the sector. They make it easier for agents to satisfy niche passengers by providing a complete package that allows the agent to fully satisfy the traveler's criteria without the agent having to design the package themselves.
There is a broad scope of opportunities for AI and ML that can magically transform the world by improving customer service experience and minimizing efforts.
Even the travelers have shown equal enthusiasm to adopt these technology advancements as it makes their travel experience simpler and enjoyable.
Artificial Intelligence, also known as Machine Intelligence is a byproduct of computer science emphasizing on designing intelligent machines that can function and react like humans.
The technical definition of AI is performing various activities with machines bypassing any human intervention.
Apart from speech recognition, private messaging and other tasks, AI also helps businesses to offer personalized experiences to the customers by providing personalized product recommendations.
Airbnb and Uber are the perfect examples of advanced technology that have revolutionized the traditional means of travel.
Big Data Analytics is the next big thing in business, and it is a reality that is slowly dawning amongst companies.
With this article, we have tried to show you the importance of Big Data in business and urge you to take advantage of this immense business opportunity.Hire experienced Big Data Analytics Companies to attain your objectives in business.
Big Data is the technology that is responsible for improving the productivity of your business by providing better visibility about the business processes to the decision-makers.Read More: How you’re losing money by not opting for Big Data Services?
Summary: It is needless to say that smart tourism is now not a new buzzword, every travel agency is cognizant about the benefits associated with smart tourism.
Remain hooked to this article as it compiles information about smart tourism and how it is helping both travelers and travel agencies.
It is true that smart tourism is a concoct of innovative travel technologies that have helped the travel agencies in meeting the travel needs of the travelers, within their pocket-friendly budget or by customizing their trips accord to their needs.
Smart tourism not only helps in sustaining the future growth of the travel industry but also fosters innovation as well as encourages start-up travel agency.
With the highly efficient, fast, and responsive tour management system, tables were turned for travel agencies, and now the travel companies work on a well-organized system that is fast and time-efficient.
In addition to it, the travel industry used smart technologies to transform the practice of hotels, start-ups, travel agents, graduates and universities.
