When it comes to corporate travel management, it is already difficult to think about\u00a0controlling costs<\/b>, let alone keeping track of all these acronyms and terms in English.\u00a0But, calm down!\u00a0We are here to help you.<\/p>\n
Check out, in this article, the main acronyms and share them on\u00a0LinkedIn\u00a0<\/b>so that more people can update themselves \u2013 after all, it\u2019s not such an easy task in the rush of work routine \u2013 even more so when dealing with travel management and endless spreadsheets, isn\u2019t it? ?\u00a0\ud83d\ude09\u00a0So let’s go!<\/p>\n Technology has become indispensable for the functioning of all sectors of the economy.\u00a0Every year,\u00a0\u00a0new technological solutions are created <\/b>to solve the most diverse problems.<\/p>\n The health crisis that we have been through in the last two years has accelerated this process even more: locked at home,\u00a0\u00a0we had to discover new technological tools <\/b>to be able to work and get around.<\/p>\n It was in this scenario that new technological startups found fertile ground to be born, and large companies already consolidated grew even more. Uber, for example, a mobility giant,\u00a0\u00a0had revenue of $5.8 billion in the final three months of 2021<\/b>.<\/p>\n Nubank, one of the most beloved fintechs among young consumers,\u00a0 earned US$ 1.7 billion <\/b>that same year.\u00a0These and other giants show us that, even in difficult times like the last three years,\u00a0\u00a0technological innovations do not stop appearing<\/b>, and will be increasingly essential in everyone’s life.<\/p>\n As in all areas of the market, tourism was not left out of this technological boom.\u00a0The sector was invaded by Travel Techs<\/b> \u00a0\u2013 companies focused on providing technological solutions for the travel sector \u2013 which had already been growing for a few years, and became even stronger.<\/p>\n But what is a Travel Tech anyway?\u00a0These are, as the term implies,\u00a0technology companies specialized in providing solutions to optimize all types of travel<\/b>, whether for leisure or work.<\/p>\n The acronym OTA, in English\u00a0\u00a0Online Travel Agency<\/i> , is an Online travel Agency. They are websites specialized in selling travel products to ordinary consumers<\/b>, tourism, and leisure. The main companies in the sector are Expedia, Decolar, and Booking.<\/p>\n Usually, they try to offer the traveler promotional prices and a list of options so that he can choose the establishment that suits him best.<\/p>\n They act as intermediaries between hotels and airlines and consumers<\/b>, receiving a commission.\u00a0They can book other products such as cars, packages, activities and also cruises.<\/p>\n The OBT, or Online Booking Tool,\u00a0\u00a0is an online tool for managing corporate travel<\/b>.<\/p>\n In this type f service, it is possible to manage various resources,\u00a0 from the purchase of tickets and reservations in accommodations to the tracking of travelers,<\/b>\u00a0\u00a0or reports of different types.<\/p>\n A TMC is a corporate travel agency.\u00a0Unlike OBTs, it is a service provided by people that, many times, may not be as agile or flexible as the automatic system.<\/p>\n Even so, there are benefits to both sides.\u00a0TMCs guarantee a more complete experience and a personalized and humanized service to travelers and managers, while with OBTs, there is greater agility and practicality in the process with a self-booking service.<\/p>\n Although the term is little known, it is a trend capable of simplifying travel and mobility management for companies.\u00a0The term emerged in 1920<\/a>\u00a0in the United States, but only in recent years has it gained prominence in the travel market.<\/p>\n If before each traveler needed to collect applications on their smartphone, at a One Stop Shop different services are available on just one single platform.<\/strong><\/p>\n One Stop Shop, also known as One Stop Market,\u00a0\u00a0is a shopping environment where consumers can search for different products and services from different suppliers in one place<\/strong>.<\/p>\n Its translation into Portuguese means something like \u201cone-stop shop\u201d, in free translation. So basically, it would be like imagining a big store where you can buy everything you need in one place.<\/p>\n This idThise Stop Shop <\/strong>was what gave rise to the concept of\u00a0convenience st es<\/strong>, and gas stations.<\/p>\n However, due to the popularization of online shopping platforms, both for goods and for contracting services, the term became more popular to describe software, websites, and digital platforms.<\/p>\n The term marketplace is much better known and used, especially by large e-commerce companies, such as\u00a0\u00a0Magazine Luiza <\/strong>and\u00a0\u00a0Amazon<\/strong>.<\/p>\n Imagine that you want to open a store that sells all kinds of products related to decoration, however, you do not have these products to sell, and as your own manufacturer, do you have a relationship with suppliers to do so?<\/p>\n Thus, you start renting spaces in your store to other companies that have those products that you lack.\u00a0The company that is renting its space is responsible for guaranteeing, delivering and paying for, the products<\/strong>, but the store still needs to maintain its reputation, therefore, it establishes criteria for these space rental companies to offer quality products and respect their consumers.<\/p>\n On the other hand, the company that rents the space benefits from the physical structure, the good reputation, in addition to the frequent clientele of the main store.\u00a0Very similar to the concept of a\u00a0\u00a0<\/strong>shopping mall<\/i><\/strong>, where you go o a single physical place, but you have access to several stores<\/strong>.<\/p>\n In general terms, this is how a marketplace works. The point is that there are several types of the marketplace and one of them is One Stop Shop.<\/p>\n Call Now! +91 9108670001<\/p>\n Don’t forget to explore other services from the house of ProRido at Airport Taxi<\/a>, Hourly \/ Daily Cab Service<\/a>, Luxury Car Rental<\/a>, Intercity Outstation Cabs<\/a>, Corporate Car Rental<\/a>, Wedding Special Occasion Car Rental<\/a>. We are also available on Linkedin<\/a>, Facebook<\/a>, Instagram<\/a>, YouTube<\/a>, and Twitter<\/a>.<\/p>\n Leave your comment, here in the post, so that other travel and mobility management professionals can share their opinions!<\/b><\/p>\n","protected":false},"excerpt":{"rendered":" When it comes to corporate travel management, it is already difficult to think about\u00a0controlling costs, let alone keeping track of all these acronyms and terms in English.\u00a0But, calm down!\u00a0We are here to help you. Check out, in this article, the main acronyms and share them on\u00a0LinkedIn\u00a0so that more people can update themselves \u2013 after all,… <\/p>\n\n
What are travel techs?<\/h2>\n
What are OTAs (Online Travel Agency)?<\/h2>\n
What are OBTs (Online Booking Tools)?<\/h2>\n
What are TMCs (Travel Management Company)?<\/h2>\n
What is a One Stop Shop?<\/h2>\n
What about Travel Marketplace?<\/h2>\n