The storm in a teacup that gripped
the travel industry after the collapse of Thomas Cook last year was swift and
merciless. The transformation that followed has been equally so.
Hays Travel have already started to
realise their ambitions for the assets, stores and staff the company acquired,
saving hundreds of jobs. Others have followed suit, silencing the naysayers
that had pointed to the failure of the British brand as a sign of the impending
doom of the high-street travel agent.
Travel
& Technology Solutions have also reported how travel agents are
responsible for 77% of global cruise bookings, 73% of travel package bookings
and 55% of air travel bookings. Despite reports to the contrary, many travel agents
are also embracing new technologies to ensure that they strike a healthy
balance between maintaining long-term relevance without compromising financial viability.
Such technologies can be a
catalyst for the evolution of the agency business, with our research having
shown that the standard of digital experience offered
by airlines, hotels and travel agents now carries a significant influence over
the booking decisions of young travellers. At the same time, young people are
also increasingly seeking advice from travel professionals—much more than older
generations.
Among the 23,000 people in 20
countries we surveyed as part of the Travelport Global Digital Traveller
Research 2019, the majority said a good digital experience is a vital component
in the battle for their bookings. Likewise, access to a real person was deemed
equally important in the age of the chat bot.
This demand for high quality
digital experiences with integrated customer services shouldn’t come as a
surprise, bearing in mind how high the bar has been set by trailblazers in
travel and other industries.
Demand for good digital
experiences means businesses should really be offering them as standard; with
differentiation and the deepening of engagement with customers achieved through
excellence—whether online or face-to-face. Ensuring user experiences and
customer services maintain pace with expectations will also require a sound investment
strategy and disciplined financial management.
The good news is technology is
already central to many travel agency businesses—Global Distribution Systems (GDS)
were one of the early innovations in the industry and helped travel agents to aggregate
travel options, giving consumers more choice. Today, booking, payments and
confirmations can all be managed quickly online, while mobile tech has enabled
travel agents to become more productive.
Travelport has had a
transformation year in 2019 and moving into 2020, one of our top priorities has
been the development of a suite of solutions that allow agencies to better
manage travel experiences while building deeper relationships with their customers
by being able to offer personalized and timely advice on the channels they use
most.
Some of our mobile innovations,
for example, include efforts to liberate travel agents from restricted
operating hours and terminals in fixed locations by providing remote access to GDS
through their various mobile devices.
The changes currently sweeping the
travel industry offer a further timely reminder of the need to be able to adapt,
with NDC just one example of how the industry is helping to bring the benefits
of online travel purchases to in-person exchanges with travel agents. Travelport
Smartpoint and other similar technologies have also brought an end to the days
of the ‘green screen’ interface that left too much to the imagination for too
long. In each case, the promise of greener pastures necessitated change.
We’ve also been pioneering a much
richer merchandising experience through Travelport Rich Content and Branding since
2014. More than 270 airlines benefit from this solution, which offers agencies
the brand and ancillary data will agencies need to help travellers make more informed
travel decisions.
These tools have proven crucial
in helping our travel partners realize the opportunities presented by emerging
travel trends and as the market evolves, travel agents will need to keep working
with their technology partners to identify the most appropriate technologies
for their business and budget.
Forging such partnerships and
remaining agile will be crucial in determining which travel agents rise from
the ashes of the collapse of Thomas Cook and create their own two-centuries-long
legacies.
This blog was written by Alistair Rodger, Global Vice
President, Agency Sales—Europe at
Travelport. Register now and meet them at stand B1400 www.businesstravelshow.com
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