Airline Overbooking: Does Overselling Seats Really Work?

 Overbooking has been a widespread practice in the passenger aviation industry since the 1950s. Though initially caused by human mistakes, it soon became a common solution to the “ no-show ” problem – despite the related controversies. Understandably, by overselling tickets, carriers aim to 

Revenue Model Types in Software Business: Examples and Model Choice

 A business starts with an idea of how to generate value for a customer. So, if a customer is looking for a table, you can produce a table, market it, ship it, and receive payment for it — and that's your business model. The total amount of money earned — in other words, revenue — is the coal that 

Generative AI Models Explained

 You’ve certainly noticed that the image above is generated by AI—specifically, Midjourney. However, text-to-image translation is just one of many examples of what generative AI models do nowadays. These digital creators are helping with tedious tasks, designing, writing, and building everything 

Hotel Groups Explained: Chains, Brands, and Ownership Models

 A few major hotel groups dominate the global hotel industry, each commanding a significant market share. This article will explore the competitive landscape of the world’s largest hospitality players. We’ll examine the expansion strategies they use and the brands they operate and compare them 

How to Integrate Airline Content: NDC API and Other Channels, B2B Interfaces, and Key Providers

 Historically, travel agencies mainly booked flights via global distribution systems or GDSs for short. These big middleman platforms accumulate schedules, fares, and inventory from carriers worldwide, letting resellers access all the air information in one place. However, as new technologies, 

Types of DBMS and Databases: Advantages, Limitations, and Best Applications

 Databases are collections of data organized for easy storage and access. In this article, we’ll break down their types, common use cases, and systems to manage them. The overview will help you understand which database might be best for your needs and why. How are databases and database managing 

Top Housekeeping Management Software in Hotels: Key Features, Best Tools, and Implementation Tips

 Imagine managing a bustling hotel with hundreds of rooms, each requiring meticulous attention. The daily housekeeping tasks can be overwhelming, time-consuming, and prone to errors, leading to missed rooms, delayed check-ins, and dissatisfied guests — a nightmare for any hotelier, COO, or general 

Webhook vs. API: Differences, Examples, Use Cases

 This article will clarify the confusion between webhooks and APIs, two essential tools for enabling communication between applications. We'll explore their key differences, use cases, and essential factors to consider when choosing the right approach.
Read our dedicated article to learn about 

Product Backlog: Full Guide with Examples

 In the world of Agile development, trying to build a successful product without a well-maintained backlog isn’t the best decision. But what is a product backlog, and why is it so crucial? In this post, we'll dive deep into its essence and explore the best practices that will keep it in top shape. 

Best AI Tools for Business: Top 2024 Productivity Apps

 In this article, we’ll explore AI tools for business. What are the best instruments for handling routine tasks, saving time, and increasing productivity? And how do they work? What are AI tools for business? AI tools are software programs that utilizes the power of artificial intelligence to 

Data Vault Warehouse Explained, Vault vs Star Schema

 Imagine a buffet restaurant where chefs constantly add new dishes and adjust recipes to cater to everyone's tastes. They can increase the number of meals and add new dishes as requested. This dynamic, adaptable system depicts a data vault schema in action. Now, picture a gourmet restaurant with a 

Extranet in Travel Booking Systems: Features and Examples

 Whether you’re a hotelier looking to maximize your property’s online visibility or a technical specialist in the hospitality tech industry, you’ve probably encountered the concept of a booking extranet. This tool plays a pivotal role in optimizing booking management and revenue strategies. This 

What Is a Focus Group and How to Run One?

 Imagine a toy business that wants to create a new action figure. While the company can research its competition to see what similar products are already on the market and what features they offer, this approach alone is insufficient. It might tell them what is currently popular but won't provide 

Cover image for the Next.js pros and cons article

The Good and Bad of Next.js Full-Stack React Framework

 Next.js has quickly become one of the most popular frameworks for building full-stack React applications. Its powerful features that streamline how we build high-performance web applications, have helped it win the hearts of many developers and teams in the web development space. Whether you're 

Technical Documentation in Software Development: Types, Best Practices, and Tools

 In this article, we delve into the crucial role technical documentation plays in software development. We'll guide you through the various types of documentation, share best practices for crafting clear and concise documents, and introduce tools that can streamline the process.
What is technical 

Clinical Data Management: Roles, Steps, and Software Tools

 About 3.6 million data points are generated during Phase III clinical trials, which is three times more than 15 years ago. The Phase III stage has been conducted the same way for decades: It happens before approving the medication or therapy approach, involves up to 3,000 participants, and can 

How to Write Code Documentation: Examples, Types, Best Practices, and Tools

 Every developer has been there—staring at a codebase they wrote months ago, struggling to remember the reasoning behind certain decisions or how different components fit together. Few things are worse than looking at your own code later and not remembering what it does or how it work s. A 

QA Analyst Job Description and Responsibilities

 The estimated cost of poor software quality in the US is $2.41 trillion , almost 10 percent of the US GDP in the respective 2022 year. This staggering amount encompasses all losses suffered by the US economy due to poor software quality, including cybersecurity breaches and failed develop ment 

System Integration: Types, Approaches, and Implementation Steps

 Using different IT components for different tasks is a common practice. But as business functions expand, companies may become overwhelmed by lots of disjointed tools that can’t share data and work together. That’s when system integration comes to the rescue. In this article, we'll examine 

Fake Reviews and How to Detect Them With the Help of AI

 Here's a great story about how easy it is to manipulate consumer demand online -- if you're skilled at crafting fraudulent reviews. In 2017, British online journalist Oobah Butler, who made money by writing fake restaurant reviews on Tripadvisor, experimented out of professional curiosity: He 

The Good and Bad of PyTorch Machine Learning Library

 While AI may not take over the world anytime soon—as far as we know now —it has transformed how we live our lives and conduct business. The machine learning market, once valued at $3.871 billion in 2022, is expected to grow to $49.875 billion by 2032—a 32.8 percent compound annual growth rate 

Travel Agency Franchise Explained

 In 2024, UNWTO expects global travel to recover completely from the pandemic and finally exceed 2019 levels. At the same time, one of the main industry trends is the growing demand for comprehensive and personalized travel services. Tourism presents a lucrative opportunity for entrepreneurs – and 

AltexSoft and Kharkiv IT Cluster to Equip 65 Schools with Digital Labs in the Region

AltexSoft Lands The Financial Times List of the Americas’ 300 Fastest Growing Companies 2025

Amex GBT’s Adaptation Story: Change or Die

While American Express didn’t invent the concept of prepaid notes, they revolutionized the industry by leveraging their sheer scale. They issued so many cheques that they became widely accepted – at banks, hotels, and stores across the globe. This innovation, along with the peace of mind it offered travelers, laid the foundation for modern travel payment methods like digital wallets and corporate cards.

Unlocking Local Payment Methods for Travel

Local payment methods are transforming the travel industry! From real-time transfers to mobile money services, these solutions offer lower fees, faster settlements, and a better customer experience. Discover how businesses can tap into this growing trend and attract more global travelers.

Investment Opportunities in the Middle East's Travel Tech Sector

The Middle East's travel sector is booming. It’s mainly due to its strategic location, world-class infrastructure, and a growing appetite for cultural and adventure tourism. But besides planning the next vacation – or workation? – what opportunities are there for us as travel tech investors?

This time Alex Medovoi, Founder and CEO of AltexSoft discusses the investment potential of the Middle East’s travel tech sector.

AltexSoft Blog

Airline Overbooking: Does Overselling Seats Really Work?

The Good and Bad of Next.js Full-Stack React Framework