What is Travel Management System? And Why Should You Care?

By TI Infotech Team, on June 9, 2023

Introduction

Travel management system (TMS) is an integrated software that offers several tools to help you manage your travel business efficiently. TMS software automates operations associated with tasks like sales, booking, accounting, reporting and inventory management. You get a full-fledged platform to manage your business with maximum efficiency and minimum errors. The travel and tourism industry is booming and for online travel agencies (OTA), the revenue has been double digit. However, with growing competition and new business models being introduced by rivals, it’s important that OTA’s stay ahead of their competitors by using technology to automate processes and reduce costs.

A good travel management system helps agents manage their businesses more efficiently. It also helps them increase customer satisfaction by providing a variety of tools such as automated payment processing or inventory management systems that are necessary for running an effective operation today in today’s market environment. With increasing customer demand and service, handling it all in one go is a big challenge for any travel agent, not to mention the chances of human error that are always there.

With increasing customer demand and service, handling it all in one go is a big challenge for any travel agent. Not to mention the chances of human error that are always there.

To help you navigate through this process, we’ve put together an overview of what a TMS does and why you should care about it:

A TMS helps manage your client relationships by streamlining the process from booking to payment and back again. This means that instead of spending hours on end trying to coordinate with multiple agencies at once or answering emails from agents who don’t know what they’re talking about (or worse yet—who do), all information is centralized so that only one person needs access to it at any given time. When everything’s centralized within one system (like ours), there’s no risk that something will get lost or forgotten because everything stays in one place! You’ll be able to see exactly how much money has been spent on each trip; how much time was spent on each itinerary; how many miles were used per week/month etc… This kind of data tracking can help ensure nothing goes wrong during implementation which will ultimately lead up toward better results overall.”

A Travel Management System (TMS) is an integrated software that offers several tools to help you manage your travel business efficiently.

A Travel Management System (TMS) is an integrated software that offers several tools to help you manage your travel business efficiently. These include:

Trip planning, including itinerary and reservation management;
Revenue management, including the ability to track revenue from hotels and flights;
Financial reporting, including reports on daily activity and other KPIs such as occupancy rate or occupancy rate per room type;
Customer relationship management (CRM) allowing you to set up custom contact forms for each client so they can easily get in touch with you when needed or simply request information about upcoming trips/hotels etc.;
Employee time tracking so employees can see how long they work on a trip – this helps them understand how long it takes them do certain tasks since there may be times when some employees need more attention than others depending on their role within an organization (e.g., supervisor vs cleaning staff).

TMS software automates operations associated with tasks like sales, booking, accounting, reporting, inventory and customer management.

TMS software automates operations associated with tasks like sales, booking, accounting, reporting and inventory management. The software can also help you manage your customers’ needs by sending them personalized offers based on their preferences. For example: As you’re booking a trip through your travel agency’s website or mobile app — which is processed by a separate application (or “back office”) — it could automatically pull in information about what type of hotel room you’d like to stay at so that it can be booked online. This way there’s no need for manual data entry during check-in time at the hotel itself! And if multiple people are traveling together on one reservation? That’s another feature of TMS that makes life easier: It tracks all of their itineraries so they can easily see which dates they have available when booking flights or train tickets separately.”

You get a full-fledged platform to manage your business with maximum efficiency and minimum errors.

Your business will benefit from a TMS in many ways. First and foremost, you’ll be able to reduce the number of errors that occur when managing your travel and operations. By using a system like ours, you can improve efficiency by eliminating redundant processes and having just one system for all your needs. This means fewer mistakes are made which translate into happier customers who appreciate how easy they have it while they’re traveling through your hotel or resort.

Second, with a TMS at hand, you’ll have more time to focus on other aspects of running your business instead of wasting time repeating tasks over again or trying new ones each time there’s an administrative problem (like making sure everyone has their ID cards). As an example: let’s say someone is late for check-in due an unexpected delay getting out their car after work; instead of having them wait until 9pm at night because everyone else has arrived early enough before then – where do those people go? They end up sleeping somewhere else that night instead because no one knows what happens while some random person waits around until tomorrow morning!

Travel booking engine by TI Infotech directly connects your website with GDSes & suppliers through XML integrations.

What is XML?

XML (Extensible Markup Language). This is the language used by TI Infotech to communicate with travel agents, hotels, airlines and other suppliers. The information you enter into our system will be passed on to these providers in an automated way using this standard format that they can easily understand.

This data is then used by various modules of the TMS to retrieve accurate fare information, calculate availability and pricing and book tickets on behalf of your customers. The data is then used by various modules of the TMS to retrieve accurate fare information, calculate availability and pricing, book tickets on behalf of your customers. Our Travel Booking Software allows travel agents and tour operators to accept bookings 24×7 from their website, B2C portal or B2B portal.

Our Travel Booking Software allows travel agents and tour operators to accept bookings 24×7 from their website, B2C portal or B2B portal. Our system is easy to use, secure and affordable. It’s flexible enough to match your requirements; scalable as well as customisable in terms of different types of transactions (pickup/dropoff) and pricing models (group bookings).

Having a powerful travel management system can help you take care of all aspects of your business easily.

Having a powerful travel management system can help you take care of all aspects of your business easily. It can automate operations associated with tasks like sales, booking and accounting. A good travel management system will also help you stay organized by providing reports on your business’s performance across all platforms including social media and email as well as making it easier to manage inventory levels and keep track of customer relationships.

Conclusion

In conclusion, the importance of a TMS cannot be understated. It is used to automate business processes and eliminate errors. This helps you increase your profits by reducing the time it takes for booking and payment processes. With a powerful software like TI Infotech’s Travel Booking Software, you will be able to save time in managing your business without compromising on quality or customer satisfaction.