A tour operator is the company that bundles flight, hotel and transfers into a single organised trip and sells it, usually through travel agencies. It buys in bulk and in advance, which gives it price but loads it with the risk of unsold allotment. It remains central in source markets and the classic package holiday.
Example The tour operator books 200 beds for summer and returns them to the hotel if it cannot place them before the release.
An allotment is a block of rooms the hotel holds for an intermediary or group under agreed terms. Tour...
OperationsThe release period is the number of days before arrival by which an intermediary must return the rooms of an...
CommercialMICE covers meetings, incentives, conferences and exhibitions. It is a high value segment that fills hotels...
DistributionA global distribution system is a network that connects travel agents with hotels, airlines and car rentals....
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