Bed banks 101: Understanding Wholesaler Role in Hotel and Travel Distribution

 This article is designed for those entering the travel space. Whether you want to learn how bed banks operate, understand how they fit into the hospitality ecosystem, or explore new opportunities in the distribution chain, you'll find insights into their role in travel sales. What are bed banks? 

Retrieval Augmented Generation (RAG): How to Make LLMs Smarter and Adjust to Your Tasks

 Large language models (LLMs) are like ultimate know-it-alls, ready to chat about any topic you throw their way—whether it’s unsolved mysteries in physics, top-notch sushi recipes, or advanced guitar techniques. But here’s the catch: Their confidence doesn’t always equal accuracy. LLMs can base 

Travel and Booking APIs for Online Travel and Tourism Service Providers

 A study by Expedia Group and Luth Research found that the average traveler views 141 travel-related pages before booking – American travelers browse even more, averaging 277 pages. When it comes to booking, 51 percent choose an OTA, primarily for the convenience of comparing options and prices in 

The Good and Bad of Keras Deep Learning API

 Every time you use generative AI tools, rely on recommendation systems, interact with AI-powered chatbots , or use tools that translate languages in real-time, deep learning models work behind the scenes to make these experiences possible. These models power everything from image recognition to 

Data Profiling Process, Examples, and Techniques: A Practical Guide

 Imagine receiving a carton of apples, only to find that all but three are rotten. Gross, right? Luckily, it’s easy to spot a bad apple – you can see it, cut it open, and immediately know it doesn’t belong in your strudel. Now take data. In most cases, you can’t just glance at a dataset and 

Travel Technology Providers Landscape INFOGRAPHIC

Travel Technology Providers Landscape

 Back in 2011, Scott Brinker, a marketing technology analyst, unveiled his first version of the Marketing Technology Landscape Supergraphic with about 150 companies. In 2020, the Supergraphic contained about 8,000 companies. The Supergraphic has become “a desk companion” of every marketer out 

PERT Chart: What It Is and How to Make One with Examples and Templates

 PERT charts can be a handy tool for organizing and managing projects. When should you use them and what’s the right way to make them? Let’s find out. What is a PERT chart? A PERT chart , also known as a PERT diagram , is a project management tool that helps plan and visualize the tasks involved in 

Rack Rates, BAR, Discounts, and More: A Guide to Hotel Prices

 Wondering about the maze of hotel rates — from the government to AAA, consortia, and industry rates — and how they are calculated? This article breaks down every type of hotel rate: base, discounted, negotiated rates, and others. The guide provides insights to help you seamlessly navigate hotel 

How to Plan Cloud Migration Strategy Calculate its ROI

How to Plan Cloud Migration Strategy & Calculate Its ROI

 Cloud migration isn’t just an IT project and is not as simple as flipping a switch. It’s a core business decision that requires tons of resources, careful planning, and ongoing management. To ensure success, companies must have a solid strategy in place and calculate the ROI of this transition. 

How to Start a Vacation Rental Management Company: Business Plan and Success Guide

 While the pandemic severely pummeled the entire hospitality industry, it gave a simultaneous boost to short-term rentals, making them one of the main travel trends. Although the demand for vacation rentals is projected to return to the pre-pandemic levels, many people keep investing in STRs for 

A full breakdown of complex tech problems, approaches, and technologies.

Latest Technology Insights by AltexSoft

Travel

Python

React

WebSocket

Elasticsearch

OpenAI API

Simplifying Vacation Planning with AI Travel Assistant by AltexSoft

Finding Expansion Opportunities for Onyx CenterSource through Market Research

Professional Services

Node.js

Vue.js

Amazon Web Services

DynamoDB

AltexSoft Built a Conferencing App with Embedded Speech Recognition

Java

Angular

Wayaj and AltexSoft: Improvіng the Code Base of the Carbon Footprint Calculator

AI & Data Science

AltexSoft Enabled Natural Language Search for Tours with ChatGPT

Swift

Cloud

UI/UX

AltexSoft Helped a TMC Automate Rail Booking

Docker

.NET

Redux

Typescript

MS Azure Cloud

TypeScript

AltexSoft Developed New Features and Integrations for a Travel Aggregator

SkyUp Airlines and AltexSoft: Optimizing Flight Operations

New Distribution Capability (NDC) in Air Travel: Airlines, GDSs, and Impact on the Industry

 Two fundamental needs connect all airlines: revenue and passenger satisfaction. To satisfy customers, carriers seek ways to learn more about their clients and provide a set of additional services like baggage insurance or onboard food. Those services, also called ancillaries, are offered for 

Open Pricing Strategy for Hotel Revenue Management: Concept, Advantages, Tools, and Implementation Steps

 As a hotel revenue manager, one of your key responsibilities is creating a pricing strategy tailored to the property and its market. Many hotels still rely on a fixed pricing strategy that uses a tiered pricing system based on room types. However, this strategy fails to consider the demand and 

How Attribute-Based Shopping Will Change Hotel Booking

 Written in conjunction with Hudson Crossing partners Max Rayner and Brian Clark
Nobody likes paying for things they don’t need. If something is included in the price but the buyer hasn’t asked for it, it’s a questionable benefit and possibly a detriment. When searching for hotel rooms, parents 

ChatGPT Implementation in Travel: Unleashing the Potential of GPT Models in Real-World Projects

 There's no denying it: ChatGPT, OpenAI's groundbreaking AI, is the talk of the tech world. This impressive Large Language Model is altering the landscape across many sectors, with the travel industry emerging as a prime example of its transformational power. ChatGPT continues to reshape 

AltexSoft and Kharkiv IT Cluster to Equip 65 Schools with Digital Labs in the Region

AltexSoft Lands The Financial Times List of the Americas’ 300 Fastest Growing Companies 2025

Unlocking Local Payment Methods for Travel

Local payment methods are transforming the travel industry! From real-time transfers to mobile money services, these solutions offer lower fees, faster settlements, and a better customer experience. Discover how businesses can tap into this growing trend and attract more global travelers.

Investment Opportunities in the Middle East's Travel Tech Sector

The Middle East's travel sector is booming. It’s mainly due to its strategic location, world-class infrastructure, and a growing appetite for cultural and adventure tourism. But besides planning the next vacation – or workation? – what opportunities are there for us as travel tech investors?

This time Alex Medovoi, Founder and CEO of AltexSoft discusses the investment potential of the Middle East’s travel tech sector.

Short-Term Rental Landscape Post-Pandemic: Successes, Setbacks, and Emerging Opportunities

The short-term rental market had its moment in the spotlight during the pandemic. We’ve already covered the rise of vacation rentals in that period – how people ditched crowded hotels for private, socially distanced getaways, fueling a boom in demand. But what happened after the initial frenzy? 

As the world reopened and travel patterns normalized, the short-term rental gold rush started to lose steam. Many companies that had shown explosive growth earlier, struggled to adapt to the new reality. 
So what’s been happening in the industry post-pandemic?

Will AI take over software engineering? As AI-powered coding tools advance, many wonder if developers are at risk of losing their jobs. But is AI truly capable of replacing programmers, or is it just another tool to enhance productivity?

How AI Coding Changes the Tech Industry

What’s going on with investment capital in travel tech startups? Do things look great? Or are they bleak? And -- more importantly -- should you bet your money on travel technology?

Latest Technology Insights

Bed banks 101: Understanding Wholesaler Role in Hotel and Travel Distribution

Proudly Made in AltexSoft

Simplifying Vacation Planning with AI Travel Assistant by AltexSoft

Finding Expansion Opportunities for Onyx CenterSource through Market Research

AltexSoft Built a Conferencing App with Embedded Speech Recognition