travel tech insights

There was a time, though it may be difficult to imagine now, before the advent of the mega mart when shopping for groceries, home goods, hardware, and other domestic necessities was an all-day affair. Multiple stops at different specialty stores would be required, which would be costly, time-consuming, and you’d often end up overlooking or even opting out of some items on your list because of inconvenience or time constraints associated with visiting so many different retailers. 

But with the modern mega mart - you know which big name chain to which I’m referring - it’s easier than ever to obtain all the items on your shopping list by simply going to one place.

Groceries? New bath towels? Wood glue? DVDs? Clothing? All these items can be found under one roof, saving the customer time, money, and hassle. No longer do you have to drive all over town to complete your errands or sacrifice necessary items because of inconvenience, time-efficiency, or cost.

This week I was on a software provider's website and read this description of an ERP product feature, “With FeatureABC, the accuracy, the reliability and the availability of information are improved so management can make better strategic decisions more quickly. Consolidation is beneficial in many processes in an agency.”

At first, I found myself thinking, “What are they talking about? What does this mashup of adjectives even mean?” Then I thought, “How many people in the travel industry even know what reports they need, much less what reasonable expectations should be for their reporting tools and database?”

A recurring theme in this blog is the central role travel technology plays in the business model of successful travel companies, particularly enterprise resource planning (ERP) systems designed for the travel industry. There’s a simple explanation for this – Travel ERP has the potential to deliver such a wide array of benefits that it fits into any number of travel topics: reducing operational costs with automation; making better decisions with more accurate reporting; or supporting sales with better travel partner integration, just to name a few.  

A great deal of the discussion around travel technology involves highly visible customer-facing solutions: travel apps; responsive websites; social media and the like. Operational technology, focused on helping management and staff run the business, tends to get overlooked. A perfect example is enterprise resource planning (ERP) systems specifically developed for the travel industry.  An increasing number of travel agencies, tour operators and TMCs are deploying them, but there’s not much discussion about this technology in general travel media. If you aren’t familiar with the Travel ERP topic, you need to be: the trend for these systems isn’t based on hype or superficial value; it’s driven by real process benefits and significant competitive advantages.

The travel business is hard. It sells a high-priced, discretionary item at a time when every region of the global economy is growing slowly – if at all. The travel industry is facing its own particular challenges – consolidation, intense competition, eroding margins and high customer expectations.  Of course there are bright spots, particularly in the way technology is making people so much more aware of the delights and truly unique experiences travel has to offer. Travel may be a discretionary expense, but it also provides the customer with – literally – a way to leave their worries behind and step into an entirely different world.