Accommodation Partners are entities that provide accommodation services of any type, kind, or sort, including but not limited to the following: hotels, hotel chains, motels, hostels, inns, guest houses, camping, chalets, resorts, lodges, home-stays, farm-stays, boats, tents, vacation rentals, holiday homes, apart-hotels, villas, etc.

A Channel Manager is a tool that Accommodation Partners can use in addition to their PMS to manage their bookings from different platforms all in one place. It aggregates bookings from websites like Booking.com, Expedia, Airbnb, their own website, GDSs and automatically updates availability in real-time.

API (Application Programming Interface) is a piece of software that stands between two applications/websites and acts as an intermediary, allowing them to talk to each other in the same language.

ARI: Availability, Rates, Inventory.

Bedbank, (also called a Wholesaler) is a B2B company that buys rooms from accommodation providers in bulk, at a very discounted, static price and sells them to OTAs, travel agents, airlines, or tour operators.

DMC (Destination Management Company) is a professional services company with local knowledge, expertise, and resources, working in the design and implementation of events, activities, tours, transportation, and program logistics.

GDS (Global Distribution System) was invented in the 60s and with not much innovation since, GDSs are a computerized network that facilitates transactions between travel service providers and travel agents (both online and offline travel agents). They were invented when a more sophisticated method was needed to keep track of flight schedules, availability, and prices. It's mostly used for business travel these days, though there are still a lot of travel agencies that use them to book accommodation, tours, cruises, flights, etc. GDSs connect with PMSs.

OTA (Online Travel Agencies) are marketplaces such as Booking.com, Expedia, and Airbnb that allow consumers to research and book travel products and services.

PMS (Property Management System) is essentially a software program used by hotels to control and manage booking reservations, guest check-in/check-out, room assignment, managing room rates, and billing.

TMC (Travel Management Companies) are travel agents/agencies that fully manage business travel, such as TravelPerk, TripActions, and AMEX Global Business Travel.

Travel Sellers are entities that provide travel services of any type, kind, or sort, including but not limited to the following: retail, wholesale, leaguers, or business, operating as online and offline travel agencies, consortia, corporate travel management, destinations management companies, tour operators, etc.

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