Opaque Travel Inventory

	Opaque Travel Inventory An opaque inventory is the market of selling unsold travel inventory at a discounted price. The inventory is called "opaque" because the specific suppliers (i.e. hotel, airline, etc.) remain hidden until after the purchase has been completed. This is done to prevent sales of unsold inventory from cannibalizing full-price retail sales. According to TravelClick, the opaque channel accounted for 6% of all hotel reservations for major brands in 2012, up 2% from 2010. The primary consumers of opaque inventories are price-conscious people whose primary aim is the cheapest travel possible and are less concerned with the specifics of their travel plans. Hotel discounts of 30-60% are typical, and bargains are stronger at a higher star hotel. While one has control over the dates and times of a travel itinerary, the downside is these purchases are absolutely non-refundable and non-changeable and, as noted above, the specific hotel or airline is not revealed until after purchase. The main sou ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu]
picture info	Travel Inventory Travel is the movement of people between distant geographical locations. Travel can be done by foot, bicycle, automobile, train, boat, bus, airplane, ship or other means, with or without luggage, and can be one way or round trip. Travel can also include relatively short stays between successive movements, as in the case of tourism. Etymology The origin of the word "travel" is most likely lost to history. The term "travel" may originate from the Old French word ''travail'', which means 'work'. According to the Merriam-Webster dictionary, the first known use of the word ''travel'' was in the 14th century. It also states that the word comes from Middle English , (which means to torment, labor, strive, journey) and earlier from Old French (which means to work strenuously, toil). In English, people still occasionally use the words , which means struggle. According to Simon Winchester in his book ''The Best Travelers' Tales (2004)'', the words ''travel'' and ''travail'' bot ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu]
	Hotwire Hotwire or hot wire may refer to: Technology * Hot-wiring, a method of starting a car with no key * Hot-wire foam cutter, a tool used to cut foam and polystyrene * "Hot" wire, a wire conductor with non-zero potential in electric power distribution * Hot-wire anemometer, an electrical device for measuring the speed of airflow Music * Hotwire (band) * ''Hot Wire'' (Trapeze album), 1974 * ''Hot Wire'' (Kix album), 1991 ''Hot Wires'', a 1987 album by Roy Buchanan Other Hotwire.com, an Internet-based travel agency * ''HotWired'', an internet magazine Hotwire (comics) ''Hotwire'' is a comics series created by Steve Pugh, with later writing credits by Warren Ellis. Publication history ''Hotwire'' was a project originally slated to be published by Tundra UK back in the early 1990s. Hotwire first appeared as a ... , a Radical Comics series by Warren Ellis and Steve Pugh {{disambig ... [...More Info...] [...Related Items...] OR:* [Wikipedia] [Google] [Baidu]
	Priceline Priceline may refer to: Priceline.com, a commercial website which helps users obtain discount rates for travel-related items such as airline tickets and hotel stays The Priceline Group, a provider of online travel & related services, and a parent company of Priceline.com Priceline (Australia) Priceline is an Australian health and beauty retailer. The Priceline brand has two store types; a traditional Priceline and Priceline Pharmacy. [...More Info...] [...Related Items...] OR:* [Wikipedia] [Google] [Baidu]
	Travelocity Travelocity.com is an online travel agency owned by Expedia Group. It has 12.4 million monthly unique visitors, making it the third most popular website owned by Expedia Group, after Expedia.com and Hotels.com. One of the pioneers of web-based disintermediation, Travelocity.com was the first website that allowed consumers the ability to purchase travel tickets without the help of a person. In addition to airfares, the site also permits consumers to book hotel rooms, rental cars, cruises and packaged vacations. History American Airlines began offering customer access to its electronic reservation system, Sabre, in 1978 to travel agencies, and in the mid-1980s on CompuServe and GEnie to consumers under the "eAAsySabre" brand name. The CEO of eAAsySabre was Kathy Misunas. Under the "Saabre" brand, it was a popular feature of online services such as Prodigy and America Online in the early 1990s. Travelocity was created in 1995 as a joint venture between Worldview Systems Corporation ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu]
	Expedia Expedia Inc. is an online travel agency owned by Expedia Group, an American online travel shopping company based in Seattle. The website and mobile app can be used to book airline tickets, hotel reservations, car rentals, cruise ships, and vacation packages. It is owned and operated by Expedia Group. History Expedia.com launched on October 22, 1996, as a division of Microsoft. In 1999, Microsoft spun off the company as a public company. Rich Barton became Expedia's CEO. In July 2001, USA Networks, Inc. bought Expedia from Microsoft. In December 2010, listings for AMR Corporation, the parent company of American Airlines and American Eagle Airlines, were suspended by Expedia due to a dispute over how American's fares and schedules appeared in the site's search results AMR and Expedia reached an agreement in April 2011, allowing tickets to once again be sold through the aggregate site. In June 2014, Expedia started accepting bitcoins. Starting the 2018-21 cycle, Expedia Gr ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu]
	Travel Technology Travel technology (also called tourism technology, and hospitality automation) is the application of Information Technology (IT) or Information and Communications Technology (ICT) in the travel, tourism and hospitality industry. Some forms of travel technology are flight tracking, pre-travel planning through online travel agencies, and systems that allow tourists to review their experiences. Travel technology was originally associated with the computer reservations system (CRS) of the airlines industry, but is now used more inclusively, incorporating the broader tourism sector as well as its subset the hospitality industry. Online travel agencies Booking engines allow easy access for consumers and travel professionals; the systems enable individuals to make reservations and compare prices. Online travel agencies such as expedia.com, are a large contribution to how the travel and tourism industries have changed due to technology. These online agencies help users plan and book tr ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu]
	Inventory Optimization Inventory optimization is a method of balancing capital investment constraints or objectives and service-level goals over a large assortment of stock-keeping units (SKUs) while taking demand and supply volatility into account. Inventory management challenges Every company has the challenge of matching its supply volume to customer demand. How well the company manages this challenge has a major impact on its profitability. In contrast to the traditional "binge and purge" inventory cycle in which companies over-purchase product to prepare for possible demand spikes and then discards extra product, inventory optimization seeks to more efficiently match supply to expected customer demand. APQC Open Standards data shows that the median company carries an inventory of 10.6 percent of annual revenues as of 2011. The typical cost of carrying inventory is at least 10.0 percent of the inventory value. So the median company spends over 1 percent of revenues carrying inventory, although for ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu]