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The Top 3 Travel Agency Trends to Watch in 2021
by Onyx CenterSource in Blog , Business Travel , Travel Agencies ,

Reading Time: 4 minutes 2020 brought dramatic ups and downs to the travel industry. Airports recorded a reduction of more than 6 billion passengers. Innovation brought the wonders of travel temporarily to the living rooms of people all around the world living under stay-at-home orders. There was hope in the form of a vaccine that promises a brighter future […]

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The Top 3 Hotel Trends to Watch in 2021
by Onyx CenterSource in Blog , Hospitality Trends & Research , Hotels ,

Reading Time: 4 minutes While 2020 has been extraordinarily tough on travel, the industry is no stranger to periods of slow recovery. In fact, the effects of 9/11 on the profitability of airlines had only subsided for two years before the recession of 2008 hit, resetting the recovery clock. Hotels have traditionally bounced back from recessions quicker than airlines, […]

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Travel Agency Commission Settlement: How to Measure the Effectiveness of Your Commission Payment Process
by Onyx CenterSource in Blog , Hotels ,

Reading Time: 4 minutes Travel agency commission settlement is an important steppingstone to building profitable relationships between hotels and travel agencies. Intermediaries, like travel agencies and OTAs, are an important part of a hotel’s distribution plan, and intermediary payments have grown to be the second largest expense of rooms departments. Along with a desirable hotel offering and tiered commissions, […]

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How to Increase Travel Agent Commissions in 5 Steps
by Onyx CenterSource in Blog , Travel Agencies ,

Reading Time: 4 minutes Travel agent commissions are the travel agency payments received from hotels for the bookings an agent made at the hotel. For example, a commission payment may be 10% of the cost of the client’s room stay. Commission payment percentages vary from hotel to hotel, and travel agents can expect a bit of variance in their […]

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The One Technology That Can Disrupt Cross-Border Payments at Last
by Onyx CenterSource in Hospitality Trends & Research , Hotels , Travel Agencies ,

Reading Time: 5 minutes From both a corporate and consumer standpoint, cross-border payments have integrated themselves into our daily life. Today’s companies do business around the world. Manufacturers source parts, materials, and labor abroad as often as they do domestically, and in some cases, large corporations outsource more than half of their business abroad. Global travel, both for business […]

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