Affordable Travel Club

Affordable travel Club: Making travel economical

When we think of a travel club, we think about rewards for bigwigs that travel regularly for their jobs. We often tell ourselves that the travel club is not for normal people or the average Joes, which is far from the truth. In fact, anyone can earn free travel benefits, even if you travel once or twice a year.

How travel clubs reduce expenses making it affordable?

Affordable travel clubs can help budget-conscious travelers to redeem rewards for discounted or free travel. Typically, traditional standalone reward programs are irrelevant to passive travelers. Affordable travel clubs, on the other hand, cater to all types of travelers and increase the relevance of the program. By integrating multiple platforms such as flights, hotels, car rentals, etc., businesses can offer targeted rewards and promotions relevant to their club members.

Affordable Travel Club
Affordable Travel Club

These travel clubs come in all shapes and sizes to enable their members to get exclusive discounts on travel products and services, incentivize frequent or loyal members with free perks, earn outstanding rewards and redemption rates. The members can also redeem for additional benefits and valuable incentives such as airport lounge facility, priority boarding, waived baggage fees, complimentary class upgrades, and more without paying out of the pocket purchase.

How does this affordable travel club work?

Start with identifying the goals for introducing affordable travel club to the potential customers. The prospective members will feel appreciated with affordable benefits on top of exceptional customer service throughout every stage of their interaction. Sign-in bonuses and lucrative welcome rewards can further help members to afford free or discounted travel right after enrolling. The members can get access to exclusive rewards and offers by paying a minimal membership fee, often on a yearly basis.

Examples of affordable travel club

Expedia Rewards, Marriott Rewards, Starwood Preferred Guest, United Airlines MileagePlus, Delta SkyMiles, etc. are some of the biggest reward programs that offer affordable travel (flight + hotel) benefits. However, these are best suited for frequent flyers or corporate travelers. Custom Travel Solutions is an affordable travel club membership program that caters well to both beginner travel hackers and seasoned pros.

How affordable travel club works?
How affordable travel club works?

Custom Travel Solutions has a diverse network of airline and hotel partners that are available to book at wholesale prices. With over 1.8M hotel networks and over 200 low-cost flight carriers, Custom Travel Solutions offer curated travel services with high-touch customer service to score cost savings for big spenders and not-so-big spenders.

FAQ’s for the affordable travel club

What is the best travel club for less-frequent travelers?

An affordable travel club is best to earn and redeem rewards for beginners or less-frequent travelers as it allows you to make most of the discounts and member-only rewards by paying a minimal membership fee. It is key to find a low-fee, high-value “bang for your buck” club if you are looking for deals for the occasional trip.

How can travel rewards be used for discounted travel?

Travel rewards can be redeemed against free travel upgrades such as complimentary hotel rooms, flight upgrades, access to the airport lounge, and discounted travel services such as car rentals and more. Referrals are also another great travel club rewards feature. Referral rewards are a great way to introduce a travel club to untapped markets of members who are looking for a solution.

Does the network size of a travel club make it affordable?

The network size and diversity of a travel club is a crucial element that makes it more affordable and appealing to the customers. The bigger the network, the greater the options for redeeming rewards.  Think about it, you want a travel club that is well connected in the industry and can provide worldwide savings, at places you trust. Assurance is a key with travel club members.

Who is the ideal user of an affordable travel club?

The ideal users are the ones who fulfill one or more of the following criteria-

  • who travel occasionally
  • have flexible travel dates
  • Destinations are flexible
  • Prefer saving over a preferred airline or hotel
  • Creature of comforts with no fixed preferences

How to evaluate an affordable travel club membership program?

The best way to evaluate an affordable travel club is by understanding the rewards and potential savings it offers to create a smooth travel experience along the way. Consider what you want to redeem your rewards to select the best fit that matches your needs and lifestyle. Consider the access you are receiving with the membership, and value it presents to other public travel sites.

WHAT IS A TRAVEL CLUB AND WHAT IT MEANS FOR NON-TRAVEL BUSINESSES

This industry brief introduces the “travel club” concept and how membership-based organizations – such as employee groups, alumni clubs and credit unions – can use travel clubs to bring in more revenue from membership fees and strengthen loyalty among their members. By harnessing the inspirational and aspirational nature of elite travel and lifestyle benefits within a customizable, intuitive online platform, travel clubs can… • Help members take once-in-a-lifetime trips at discount prices
  • Streamline the logistics of travel, such as obtaining visas or medication
  • Keep customers/members actively engaged in the organization
  • Add value to other ancillary channels such as loyalty programs
  • Attract new customers/members through the appeal of elite travel and lifestyle benefits
Online Travel Agency

Online travel agency-The Complete Guide

Introduction:

In the current digital era with an abundance of choices and overwhelming options, the role of an Online Travel Agency (OTA) and travel club have become increasingly important within the travel and hospitality industry. Back in 2015, OTAs accounted for about 60% of online bookings of independent properties and hotel chains combined.

Currently, OTA travel controls nearly 2/3rd of all online hotel bookings. Let us delve into how they play a crucial role in increased hotel bookings and how to implement them correctly.

Table of Content:

  1. What is an Online travel agency?
  2. How Do Online Travel Agency (OTAs) work?
  3. How Online Travel Agency (OTA) help to increase revenue?
  4. How do OTAs make money?
  5. Why do travelers use OTAs?
  6. What to consider when choosing an Online Travel Agency (OTA)?
  7. Tips To Increase Your Bookings Through Online Travel Agents

What is an Online travel agency?

Online Travel Agency (OTAs) is a web-based travel company that lets customers research and instantly book travel products or services via an online platform. OTAs sell a range of travel-related services to other companies or travel providers, thus acting as third parties.

OTAs can provide access to customers at different locations and handle bookings in large volumes which is rather difficult to access through retailers’ marketing efforts alone.

Also read: Affordable Travel Club: Making Travel Economical

How Do Online Travel Agency (OTAs) work?

• OTAs are able to pull travel deals and booking options from all around the internet and provide the user with many options so they can choose what fits all of their needs. Find the right OTA partnership and optimize it to reach your target audience and generate revenue.

• Next, you can list hotels and properties of all sizes and showcase rooms through the product description, photographs, nearby points of interest, etc. Listings can be thoroughly searched using filters that narrow search such as Wi-fi, pool, spa, etc. and OTA will align travel criteria with the matching properties.

• OTAs provide real-time access to price, demand forecasting, current bookings, etc. to further help the travelers. The booking platform is secure and can be used as the main point of contact to make amendments or cancellations.

How Online Travel Agency (OTA) help to increase revenue?

Adding your hotel on OTAs can significantly improve hotel bookings and increase revenue. Here are a few reasons to have multiple OTAs connections for your hotel –

Increased traffic – One of the major benefits of OTA is that it drives traffic to the hotel’s main reservation website. OTAs act faster than the hotel website and redirect guests to research and book. According to Google, nearly 52% of customers visit the hotel’s main website and view the available rooms, etc. before the final booking.

Increased exposure = more bookings – Hotels can get more exposure by partnering up with OTAs. As your hotel gets more visibility, it leads to increased bookings, also known as, Billboard effect. Many guests prefer to book via an OTA before direct booking. According to a study around the online pre-purchase behavior of guests, about 75% made the reservation through an OTA website before booking directly with a major hotel brand.

Better OTA ranking and reviews – OTAs include reviews and rankings to individual hotels that allow customers to get a good idea about hotel services and eventually give a push for conversion. Increased conversion rate means more revenue for your business.

Target high-value customers – OTAs can target high-value customers through their listing tools and drive profitable growth for hotel brands. Marketing programs of OTAs can help achieve specific business goals and generate more revenue.

Access to analytics, insights, and tools – OTAs provide free access to competitive insights, marketing data, travelers’ preference and more to help your business with overall strategy and pricing. It allows you to compare your performance with your competitors and understand target markets that help to increase ROI.

How do OTAs make money?

Most online travel agencies make money through commissions from their clients for travel bookings and the travel provider they market on their digital platform. OTAs have multiple revenue streams, and the extent of their net profits depends on the type of services they offer – corporate, custom, leisure, and partnership marketing.

Here is a breakdown of the most common ways that OTAs make money.

Commissions: A massive chunk of income of OTAs is made via commissions per booking. The commission rate may range anywhere between 5% and 25% or may go up higher. Fees for serving clients: OTAs also make money through fees that they charge from their clients for a range of services such as travel planning, booking, creating a detailed itinerary, arranging necessary paperwork and transport, and more.

Specialized services or Consultancy: OTAs can earn big bucks by offering consultancy or technical assistance to their clients. Based on their expertise, they may book corporate or group travel services, offer dedicated travel guides during vacation, negotiate with local tour operators on clients’ behalf, and more.

Advertising and Premium listings: Many OTAs earn big bucks directly from travel vendors through advertising or by offering premium listing options on their web platform. An OTA may feature certain hotels and airlines as top results in client searches and then earn a pay-per-click basis.

Why do travelers use OTAs?

The new age travelers prefer booking via OTAs for several reasons. According to a report published in 2020, many travelers use OTAs for the quality of services, safety, and trust. Let us explore five main reasons that make OTAs the preferred option for bookings among travelers –

  • Convenience -The modern, savvy traveler relies on OTAs to easily access and a convenient booking process. OTAs are accessible on most devices – web browsers and mobile apps. It is a one-stop-shop for all travel products and services within a single platform, making the booking process easy and hassle-free.

Instead of physically booking hotels, airlines, or car rentals one by one, customers can book everything under one digital platform with easy payment options. Also, customers get booking details in real-time with instant confirmation.

  • Cost-effective -OTAs often provide their customers with exclusive booking offers such as sign-up bonuses, coupons, etc., that tempt customers into booking from them. Also, it is easy to compare different travel providers on OTAs and thoroughly research before finalizing the right option.
  • Range of services -OTAs offer travel products and services under one umbrella that leaves their customers spoilt for choice. Customers can search everything from hotels, vacation rentals, flights, car rentals, and adventure packages.

The ease of accessibility of online bookings facilitates customers to get detailed information on services or products they are booking. For instance, before making a hotel booking, customers can check the detailed description of services provided by the hotel along with images, reviews, level of service, etc. that helps in driving the purchase decision. Additionally, customers can search through a plethora of airlines to make a booking as per their budget and the quality of service provided by the airline. In the future, if they wish to make the same booking, it is easy to check the past booking option and refer to it without searching for it all over again.

Quality -Most travelers rely on OTAs for quality of service or product. OTAs are seen as experts in travel products they sell, and customers have a certain level of expectation from their products regarding quality, security, hygiene, and privacy.

Customers do not shy away from sharing their personal information and entrust OTAs for a high level of security and protection from spammers or breaches.

Reviews -Travelers often leave reviews after their booking, which lets other potential customers know about their experience and steer them into booking. Positive feedback or reviews play a vital role in travel buying.

What to consider when choosing an Online Travel Agency (OTA)?

Online Travel Agencies vary in offerings, size, type, and industry depending on their travel portfolios and niche interests. Here are the things to consider when choosing the right OTA for your business –

Your target audience and markets: The first and foremost thing to remember while choosing the most suitable OTA for your business is the regions, markets, or customer segments you wish to target. Some OTAs target specific niches or demographics, while others target a particular geographical location. If you want to cater to the corporate travel market, you should partner with an OTA targeting business or corporate clients.

Features of OTA: OTAs come fully equipped with several user-friendly features, including back-end management, inventory management, customer support, payment processing, subscription management, and more. While some OTAs offer a dedicated team to manage different aspects of your business, others provide various useful tools and analytics software to manage customer journeys throughout their entire life cycle. Choose an OTA that offers seamless and smooth integration of these tools, which eliminates the risk of mismanagement in the future.

User experience and accessibility for customers: Your business requires an OTA that offers a seamless experience to your target audience and is loaded with valuable features that interest them. Your customers should be able to browse and make bookings without any hassle easily.

Also, it is essential to check various features of OTAs – including their services, product offerings, and database of travel products. Make sure that their listed products fit best to your business model. If your potential customers look for a guest house or rental, there is no point considering an OTA of a big hotel chain.

Expertise: Look for OTAs that have experience and knowledge along with a solid market presence. Large OTAs usually have a good record of handling businesses and promoting them along the way. Working with a reputed OTA with access to rich tools will help make your entire business process faster and less problematic.

Tips To Increase Your Bookings Through Online Travel Agents

Once you have found the right OTA for your business, it is time to make the most of your time and effort to increase your revenue. Here are some solid, actionable tips to improve your bookings through OTAs –

Know your competition: The competition in today’s travel industry is extremely fierce, so it is essential to know your competition or business rivals before laying out a perfect business strategy. It will help you set clear objectives and well-defined goals to stand out from the rest. To launch your business, advertise your business vigorously on all digital channels using email marketing, social media campaigns, and more to reach a larger audience.

Pricing: Price is one of the most important criteria for customers to drive the purchase decision. Make sure that you employ the right pricing strategy at the right moment using forecasting methods. Use scarcity to your advantage. Offer limited-time discounts or coupons to engage urgency and coax customers into buying.

Reviews and ratings: Many prospective customers read guest reviews before making up their minds to buy from you. Make sure to highlight positive feedback and reviews while resolving the negative reviews to improve continually. It is vital to building a good rapport with your customers to establish yourself as a reliable and trustworthy brand.

Upsell and cross-sell: Customize travel packages with add-ons such as travel insurances, visa assistance, and other value-added services that lure your target audience into buying them in a way that also increases the order value. As per the TripAdvisor survey, Wi-Fi is the most desirable amenity for travelers, followed by free parking and breakfast.

Use OTAs promotional marketing: Take full advantage of OTAs by capitalizing on their promotional opportunities, such as running ad campaigns, travel loyalty programs and strategic placement on the search engine for greater exposure. This will help bring more visitors to your website and help generate good returns on your bookings.

What is Travel Club

What is a travel club? Why should you join them?

What is a travel club?

Travel clubs are organizations or entities which takes care of the travel need of the individual including flights, accommodations, cruise, cars, and usually auxiliary luxury benefits all in a single membership for a user. Travel Club also may offer the following benefits to the customer:

Travel-Club-Membership-

Are Travel Club Memberships Worth It?

Membership clubs have their own privileges but the question is – are they worth the cost? A short answer to this question is a resounding yes! Travel Clubs have emerged out to fulfill the varying needs of all kinds of travelers.

Loyalty-Program

6 Benefits of Loyalty Program and Trends in 2020

6 Benefits of Loyalty Program and Trends in 2020

Having excellent customer loyalty programs is the best way to engage with customers, drive loyalty and reduce market churn.  Despite the ephemeral nature of loyalty, a travel loyalty program will motivate your customers to buy more often and earn exciting rewards in return.

Recruiter.com Case Study

Based out of Connecticut, Recruiter.com provides an interactive platform for employees, job seekers, and recruiters.

Travel is something that connects everyone. Furthermore, with more than 80% of millennials preferring travel-based perks over any other reward, venturing into travel club industry made sense to Recruiter.com. To provide a customized travel club solution to its members, Recruiter.com decided to seek the assistance of a travel club fulfilment company.

One of the major challenges was finding a one-stop solution for creating a customized travel club membership program for their users.

In this case-study, learn how Custom Travel Solutions provided a customized travel club platform to Recruiter.com to cater to their needs and resolve various challenges that the firm was facing.