Pratra provides travel inventory consolidation services by aggregating and consolidating travel-related content from various sources and presenting it on a single platform. This could include flight bookings, hotel reservations, car rentals, transfers, cruises, activities, tours, and more.

Traditionally, travel content was primarily distributed through Global Distribution Systems (GDS), computer networks allowing agents to access and book related services. However, with the rise of low-cost carriers (LCCs) and other non-traditional providers, travel content distribution has become more fragmented.

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

Overall, consolidation services aim to provide a seamless, comprehensive, and user-friendly experience for travellers while allowing providers to reach a wider audience and expand their distribution channels.

Benefits of Single API Inventory Consolidation

In the travel industry, APIs integrate various suppliers' inventories (such as airlines, hotels, car rental companies, etc.) into one platform, enabling agencies to offer their customers a comprehensive range of travel options.

By using just one API with a vast inventory, OTAs can avoid the need to develop and integrate individual APIs for each supplier they want to work with. Instead, they can work with a sole API that aggregates inventory from multiple providers, providing their customers with a wider range of selections.

This approach not only saves development costs but also speeds up time to market, as OTAs can quickly offer broader options to their customers without having to go through the lengthy process of integrating several APIs.

In addition, a single API with a vast inventory can help OTAs improve their customers’ user experience. By offering a comprehensive range of travel options on one platform, customers can easily compare prices and options across different suppliers, making it easier for them to find the best deals.

Overall, a single API with a vast inventory can be a powerful tool for OTAs looking to quickly bring their products to market while providing a better user experience for their customers.

Overcoming challenges of Multiple Contracts and Currencies

By consolidating travel inventory, companies can streamline their travel management processes and overcome some of the challenges associated with managing multiple contracts with suppliers and processing payments in multiple countries and currencies. Here are a few ways travel inventory consolidation can help:

  • Simplify Contract Management

    When a company works with several providers, they may have to negotiate and manage several contracts, each with different terms and conditions. By consolidating inventory, companies can work with one tool and negotiate one contract that covers many suppliers, simplifying contract management.

  • Reduce Payment Complexity

    Companies can work with providers in multiple countries and currencies without facing challenges related to currency exchange rates, transaction fees, and payment processing times. By consolidating inventory, companies can centralise their payment processing to suppliers, reducing payment complexity.

  • Enhance Data Management

    Dealing with varied suppliers means managing data from various sources and in different formats. By consolidating inventory, companies can access a single source of standard and consistent travel data, making it easier to analyze and report on travel spending and trends.

Pratra’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 traveller experiences.

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