Incoterms® Rules and Their Role in International Trade Explained

 International trade, a complicated and undertaking venture, can become costly if you don’t really understand the rules and essential terminology of the game – no matter whether you are an exporter, an importer, a freight forwarder, or another logistics provider. The same for everyone, generally 

B2B Travel Platform For Corporate Travel Management

 A well-structured B2B travel platform is no longer just a nice-to-have. It has become an integral tool, ensuring traveler comfort, cost-effective, and efficient operations. This guide probes the specifics of building a custom B2B travel booking platform particularly tailored for corporate travel. 

How to Write API Documentation: Best Practices and Examples

 APIs make the world go round. Developers and other professionals use APIs almost daily. Working with them, by some estimates, 10+ hours a week, for researching, googling for support, studying reviews, and rummaging around in the documentation. How clear, easy, useful, and supported your API is 

Virtual Credit Cards in Travel: How to Secure B2B Payments Between OTAs and Suppliers

 A study by Juniper Research revealed that the value of virtual card spending will hit $6.8 trillion in 2026, a 370 percent increase from 2021. About 71 percent of this volume will come from B2B financial interactions, including those done in travel. This article explores the benefits virtual cards 

Functional Requirements in Software Development: Types and Best Practices

 In software development, requirements play a crucial role of a project’s North Star, guiding the entire process toward the final goal, so it’s important to understand those requirements and document them properly. In this post, we explore the concept of functional requirements, their types, and 

The Good and the Bad of Apache Spark Big Data Processing

 To some, the word Apache may bring images of Native American tribes celebrated for their tenacity and adaptability. On the other hand, the term spark often brings to mind a tiny particle that, despite its size, can start an enormous fire. These seemingly unrelated terms unite within the sphere of 

AI Image Generation Explained: Techniques, Applications, and Limitations

 Imagine walking through an art exhibition at the renowned Gagosian Gallery, where paintings seem to be a blend of surrealism and lifelike accuracy. One piece catches your eye: It depicts a child with wind-tossed hair staring at the viewer, evoking the feel of the Victorian era through its coloring 

IATA Numbers and Codes Explained

 Overseeing the entire aviation industry isn’t a piece of cake. The International Air Transport Association (IATA) is the entity that’s been carrying this burden for decades. It relentlessly develops regulations, sets up procedures, creates digital tools – in short, it does everything to make 

The Impact of Electronic Health Records (EHR) on Medication Management and Error Reduction

 This is a guest article by Isaac Smith, healthcare administration professional Electronic Health Records (EHR) have revolutionized healthcare practices, offering numerous benefits in various aspects of patient care. One area where EHR has made a significant impact is medication management and 

Central Reservation System for Hotels: CRS Functionality Explained

 The number of walk-ins in the hospitality industry drops every year. The 2022 stats show that leisure travelers do thorough online research prior to making a reservation, visiting an average of 5.5 websites. As for completing the booking itself, around 41 percent of travelers prefer OTAs, 29 

Data Collection for Machine Learning: Steps, Methods, and Best Practices

 All successful companies do it: constantly collect data. They track people’s behavior on the Internet, initiate surveys, monitor feedback, listen to signals from smart devices, derive meaningful words from emails, and take other steps to amass facts and figures that will help them make business 

What Is a Data Engineer: Role Description, Responsibilities, Skills, and Background

 With an incredible 2.5 quintillion bytes of data generated daily, data scientists are busier than ever. The more information we have, the more we can do with it. And data science provides us with methods to make use of this data. So, while you search for the definition of “quintillion,” Google is 

Average Daily Rate: The Role of ADR in Hospitality Revenue Management and Strategies to Improve This KPI

 Navigating the increasingly competitive hospitality sector landscape demands a thorough grasp of the vital performance indicators that demonstrate profitability. The Average Daily Rate (ADR) — one of the leading hotel KPIs for gauging performance and profit — has gained considerable importance for 

Maritime Crew Management Software: Handling Human Resources on Ships

 As a crucial part of the global economy, the maritime industry is vastly diverse. It encompasses a variety of activities ranging from port operations to shipbuilding to transporting over 80 percent of the world’s goods (think container vessels, oil tankers, etc.) to fishing to cruise ships to 

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Guide to SaaS Marketing: 12 Strategies for 2023

 This is a guest article by Lucia Daza from Katalon In today's rapidly advancing digital landscape, the SaaS industry continues to revolutionize how businesses operate and engage with their customers. As a SaaS marketer, staying ahead of the curve is essential. In this article, we’ll cover the 12 

ChatGPT Implementation in Travel: Unleashing the Potential of GPT Models in Real-World Projects

 There's no denying it: ChatGPT, OpenAI's groundbreaking AI, is the talk of the tech world. This impressive Large Language Model is altering the landscape across many sectors, with the travel industry emerging as a prime example of its transformational power. ChatGPT continues to reshape 

User Stories: Documenting Requirements in Agile

 What makes a good story? A good story is one that grabs the reader’s attention with a captivating hook, an interesting plot with conflicts and dramas, a vivid and immersive setting, and multifaceted characters who face challenges and resolve them throughout the narrative. Well, that’s not the case 

Travel Payments Integration: Hands-On Experience with Solutions for OTAs and Other Resellers

 More than two-thirds of travel and tourism sales are made via the Internet, and the share of online vs offline bookings will only grow in the coming years. So the ability to accept online payments is becoming vital for any travel business. In this article, AltexSoft shares its expertise in the 

Travel Agency Accreditation, Explained: IATA, IATAN, ARC, CLIA, and TRUE

 As if the world of travel distribution wasn’t complicated enough, the topic of the travel agency accreditation is another maze to navigate. Organizations like IATA, ARC, CLIA, or CCRA issue special codes to travel agencies that grant access to special capabilities and perks. And it can be 

Complete Guide to Business Intelligence and Analytics: Strategy, Steps, Processes, and Tools

 All business operates with data – information generated from your company’s many internal and external sources. And these data channels serve as a pair of eyes for executives, supplying them with analytical information about what is going on with the business and the market. Accordingly, any 

RevPAR: A Vital Hotel KPI And Strategies To Improve It

 The hospitality industry is an intensely competitive arena where properties constantly strive for maximum revenue generation and growth. Revenue Per Available Room, or RevPAR, has emerged as a crucial key performance indicator (KPI) for assessing a hotel's financial well-being and prosperity. This 

New Distribution Capabilities (NDC) for Airlines: Key Technologies and Things to Consider

 In April 2023, American Airlines shook the air travel market by making about 40 percent of its fares bookable exclusively via new distribution capability (NDC) channels. Agents who didn’t upgrade their technologies lost access to a significant volume of content. And though some of them still 

AltexSoft Adopts an AI-Powered Model to Accelerate Engineering, Tech Consulting, and Product Development

AltexSoft and Come Back Alive Partner to Strengthen Ukraine’s Defense Capabilities

Trip.com: Will the Chinese Giant Push Out Expedia and Booking?

Where do you book travel? It turns out that more than half of us use online travel agencies. But which ones? Well, it depends on where you live. In the US, it’s mostly about Expedia. In Europe, Booking.com rules. In Southeast Asia? Agoda's got you covered. 

But how about China – that little-known country in the far East with a modest population of 1.4 billion? That’s where Trip.com is clearly the winner, dominating over half of the market.

Every year, the air travel industry loses around a billion dollars to payment fraud. This results not only in financial losses but also in damaged passenger trust. However, there is a way forward. Learn how to detect fraud earlier by recognizing common scams and discover best practices to protect both your business and your customers.

Fighting Payment Fraud in Air Travel

Quality and Risk Management in TMC Workflow

Kirill Stati, Managing Director of Travel Tech at AltexSoft, explores how Travel Management Companies manage quality and risk. From booking checks and RPA-powered automation to disruption response and travel analytics, discover how modern tech is reshaping corporate travel operations for safety, efficiency, and compliance.

AltexSoft Blog

Incoterms® Rules and Their Role in International Trade Explained

Maritime Crew Management Software: Handling Human Resources on Ships