GDS Technology: Analysis, Preview, and Sector Performance Forecast Overview
Modern day travels are governed by automation. Extreme digitisation has not only moulded the core structure of the travel and tourism industry but it has cemented a thriving future for the fast changing travel industry. A slew of digital measures have swooned age-old travel procedures and ploughed some new and evolving travel methods to lure the millennial tourists. The growth of the travel and tourism industry is skyrocketing. Modern technologies are fast redefining the face of the tourism industry. Through digitisation, the travel industry has not only earned momentum but has decked up the infrastructure to meet the upcoming challenges. GDS or Global Distribution System is one such tool that has revolutionised the travel and tourism industry. Since its inception, the tool has created a robust digital platform and reserved primary travel data of the globetrotters. This system has created a data bank that is predominantly used by travel agents and major tour operators around the world. The GDS related software can simplify and can properly align the entire travel itinerary of a lone traveller. Travel agents can maintain and manage a series of bookings starting from the hotel, airline to bus travel in real time through this tool.
GDS technology has added speed and simplified the entire transit operation. The surge in the use of GDS technology has further reduced the use of labour and has taken customer convenience to a different level. Travel experts use advanced GDS technology to supply best possible offers to their customers and to unravel a plethora of choices in front of them. Advanced GDS technology is capable of zeroing in on the best possible offers available in the market through advanced search procedures. GDS technology is an advanced data bank that can elevate the customer experience, but it can also work as an effective marketing tool. Through GDS technology travel agents can create a proper bridge of communication with the hotel chains and also with the airline companies and can get proper alerts on offers. Over the years GDS technology has successfully conceived a transparent alley of two-way communication between travel agents and tourists. It’s a standard and technology backed sale channel that is changing the demography of the travel industry.
GDS Technology: Game Changers
The dominance of technology in the travel domain has created a massive opportunity for the growth of GDS technology. Most of the travel and tour agents are rehashing their own marketing strategies to woo new customers. The highly competitive and fast evolving travel world is adapting to this hi-tech and edgy technology to trap the new crop of travellers. This emerging trend is setting in and several stakeholders have roped in this technology to buckle up service levels. This new method of data sharing and data analysis is growing in the travel sharing market. It not only helps insiders understand the new trends but it also helps them chalk the future market strategies. Most of the travel agents are relying on advanced GDS technology to cope up with the fast changing travel trends. Private and government players are infusing a massive amount of money to develop travel-related technologies to reroute the revenue channels. The changing demography of the travel market and new investments are opening new corridors of growth for GDS technology.
GDS Technology: Restraints
Though GDS technology is extremely popular amongst travel agents and other key stakeholders of the travel industry, there are several drawbacks that are stalling the worldwide spread of GDS technology. The cost of GDS based software is a deterrent for GDS technology. GDS technology not only connects properties but it also builds a long-term professional relationship with an agent. But there are several parallel software that are presently crowding the market; which is another factor that is restricting the growth of GDS Technology. Corporate travels have declined in the last few years because of the worldwideeconomic downturn and this has also impacted the growth of the GDS technology business.
GDS Technology: Industry Bigwigs
There are several popular GDS technology-enabled software available in the market. Some of these – Amadeus, SABRE, Galileo, and Worldspan – are widely used in the travel domain. GDS technology also backs popular travel websites such as Booking.com, Travelocity, and Trip Advisor.
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- An overview of the sector, including the key factors that have shaped patterns and demand
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- Nuanced underlying factors that influence consumer behaviour
- Data points to understand the past, analyse the present, and project the future
- Trends that will impact the sector in the short- and long-term
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Gds Technology Sector Outlook
- Detailed overview of parent market
- Changing market dynamics in the industry
- In-depth market segmentation
- Historical, current and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape
- Strategies of key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on market performance
- Must-have information for market players to sustain and enhance their market footprint
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