Lesson 4

21問 • 1年前

問題一覧

This is the history of product and service delivery that is sometimes asked for. Lists of clients are indicative of reliability. This does mean that if you are new in the community of travel management companies, you do not have the opportunity to serve. The market often invites various travel management companies to bid. In the process, their criterion can qualify new players. Any organization with a reliable and competitive crew has the opportunity to enter and service the market. Credibility follows when reliability is evident.

Reliable

This is the capability of delivering a positive experience. It involves the use of due diligence in canvassing what supply is best to respond to the criteria of the travel requirements. The ability to survive among travel managements companies is becoming harder. In order for the clients to optimize their budget, the travel management company must be able to tailor fit and give sound advice. It must also have a tariff that is equally beneficial to their accounts.

Competent

This is the professional support and recommendations that are expected from a well-informed crew. The tourism industry offers an array of options that are paired with updates, travel solutions, and current trends.

Knowledgeable

Generally, most tourism supplies such as air tickets, rooms, and conference venues are with restrictions, cancellation policies, and attrition guidelines. These policies and rulings make the product very restrictive. Travel management companies should be able to study them intensively and offer viable alternatives. To offer workable options that are responsive to budget is a mark of a proficient travel management company. Being solution-oriented is an attribute that leads to patronage. The practice of due diligence is reflective of concern and mindfulness.

Resourceful

This means to give the right recommendations and to consider all viable supplies that provide a positive experience that can only be delivered by a qualified travel management company. The organization should be able to quantity the quality control of deliverables and must conform to the agreed upon standards.

Bona Fide

This is comprised of the top officers of the company. They are in charge of creating policies that concern the finance and operations of the company. Vital decisions are formulated by this group. They are considered the think-tank group. Composition: President, Chief Executive Officer, Directors, Department Managers

Executive and Management

are formulated by this group. They are considered the think-tank group. Composition: President, Chief Executive Officer, Directors, Department Managers

Vital Decisions

is in charge of operational costs.

Fiscal Management

the primary function of this team. They source revenue for the company. Customer relations and competent handling of the actual travel arrangements and service delivery are their main responsibilities. Likewise, advertising, product distribution, and product positioning are formulated and implemented by this group. They can be called the "farmers" of the company.

Sales Acquisition, Maintenance, and Servicing

is composed of expansive services and products, and their access became easier because of the digital revolution.

Tourism Trade

can be used during the operations too.

Digital Support System

is vital to tourism marketing; thus, the travel trade has also ventured into digital content

Digital Technology

Travel management companies are considered intermediaries. Sometimes, they are called middlemen. They can represent airlines, hotels, transportation companies, cruise lines, and other tourism-related supplies and services. The flow of these supplies and products requires transactional and logistical functions and even sorting them as necessary. In transactional functions, specific tasks are necessary-to contract, to promote, to negotiate, and to evaluate risks or other unnecessary exposures.

Commission System

are considered intermediaries. Sometimes, they are called middlemen. They can represent airlines, hotels, transportation companies, cruise lines, and other tourism-related supplies and services. The flow of these supplies and products requires transactional and logistical functions and even sorting them as necessary. In transactional functions, specific tasks are necessary-to contract, to promote, to negotiate, and to evaluate risks or other unnecessary exposures.

Travel Management Companies

Travel management companies can be part of a selected consortium or be a wholesaler of tourism supplies and products. They are awarded lower contracted rates than the published rate. These are sometimes termed as "net/net" or "net of net" rates. Travel management companies can easily design an additional fee to the net of net rates as an additional source of revenue. This "margin" is called mark up.

Mark Up Mechanics

can be part of a selected consortium or be a wholesaler of tourism supplies and products. They are awarded lower contracted rates than the published rate. These are sometimes termed as "net/net" or "net of net" rates. Travel management companies can easily design an additional fee to the net of net rates as an additional source of revenue. This "margin" is called mark up.

Travel Management Companies

Given the challenges of the minimal budget that is allocated to a certain travel movement, the travel management company is constrained to apply an agreed upon service fee per delivered or accomplished transaction. The actual amount can be arranged and be put into an agreement with their clients. The amount can be dependent on the degree and nature of the service.

Service Fee

There are corporate accounts that challenge their appointed travel management company to help them target savings for their annual travel budget.

Performance Bunos

This intends to help businesses and its organization augment in a very productive way their travel needs. It involves organizing, monitoring travel expenses, and strategizing the thorough handling of travels.

Travel Management

- This is the foundation of standard operating. It involves manpower potential and systems to determine task provisions and responsibilities to deliver organizational objectives.

Business Setup

From a basic and standard organizational flow, an organization implements an adaptation and alignments as dictated by the market requirements. It guarantees functionality and a responsive business model.

Organizations Variations

NORTH AMERICA

Lovelyn Valenzuela · 30問 · 1年前

NORTH AMERICA