๐ง๐ต๐ฒ ๐จ๐ป๐๐ฒ๐ฒ๐ป ๐ฃ๐ฟ๐ถ๐ฐ๐ฒ ๐ผ๐ณ ๐ง๐ฟ๐ฎ๐๐ฒ๐น: ๐๐ถ๐๐๐ฟ๐ถ๐ฏ๐๐๐ถ๐ผ๐ป ๐๐ผ๐๐๐ ๐ฎ๐ป๐ฑ ๐๐ถ๐ฑ๐ฑ๐ฒ๐ป ๐ฃ๐ฎ๐๐บ๐ฒ๐ป๐๐
โ Booking travel often involves intermediaries rather than directly interacting with the service provider. Each entity within this network, from the initial search to the final payment settlement, extracts a portion of the transaction value. While these middlemen offer market access and convenience, they introduce substantial cost layers that are rarely transparent to both the supplier and reseller, let alone the end customer.
Uncovering these hidden or at least not completely transparent costs is helpful for many reasons. First, no one likes to buy a pig in a poke. Second, if you know exactly where the revenue leak is, you can optimize the booking and payment process to reduce losses. Third, if you carefully evaluate all the services intermediaries provide, the higher price may seem fair, being part of a โvalue exchangeโ.
Thisย articleย by AltexSoft aimsย to trace this complex financial journey systematically. โ
๐น Who pays for what in a distribution chain?
๐น Hidden costs in payment processing
๐น What else to consider: general strategies for transparency and cost optimization
With contributions from Ira Vouk, MBA, Tony Vardiman, Ann Cederhall, Mark Anthony Spiteri, Michael Duffy and Paul van Alfen.
Read the blog here: https://lnkd.in/gCeDYXB9
