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Series Fare Website Development

"Maximizing Profit with Series Fares: A Strategy for Travel Agencies"
The Importance of Series Fare Website Development: Key Features and Best Practices

There are several special category faresthat serve a specific purpose and provide benefits to group travel. The choice between them depends on factors such as the nature of the trip, the size of the group, and the level of flexibility desired by the travelers. Series fare is one of them.

Series Fare is Special category fare, a type of pre-purchased tickets provided by airlines to travel agencies. In this arrangement, airlines sell their future departure tickets to travel agents at a current rate. Travel agents then have the opportunity to sell these Series Fares after on his Travel Website a few days, typically at a higher price, thus earning a profit.

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The process of Series Fares works as follows:

  • Pre-purchase: Airlines offer a certain number of future departure tickets to travel agencies at a specific price. These tickets are purchased by the travel agents upfront.
  • Current Rate: The travel agent buys the tickets at the current rate set by the airline, which may be lower than the price at which they plan to sell them later.
  • Price Fluctuations: After a few days, the airline may increase the ticket prices for the same route and travel dates. This allows the travel agent to sell their pre-purchased tickets at the new, higher price.
  • Profit Margin: By selling the Series Fares at the increased price, travel agents can earn a profit margin based on the difference between the initial purchase price and the final selling price.

Series Fares offer several advantages for group travel:

  • Maximum Profit Margin: One of the significant advantages of Series Fares is the potential for a higher profit margin. By purchasing tickets at a lower current rate and selling them later at a higher price on the series fare Website, travel agents can maximize their profit on group bookings.
  • Affordable Ticket Prices: Group travelers can benefit from Series Fares as they often provide more affordable ticket prices compared to individual fares. This can result in cost savings for the group and make the overall travel experience more budget-friendly.
  • Flexibility in Ticket Availability: Series Fares allow travel agents to secure a certain number of tickets in advance. This provides greater flexibility in terms of ticket availability for group travelers, especially during peak travel seasons or on busy routes.
  • Easy Selling: Series Fares are generally easier to sell compared to online airline prices or Online Travel Agencies (OTAs). The lower prices and potential discounts make them attractive to group travelers, increasing the chances of successful sales for travel agents.
  • Increased market share: Increased market share is important in the travel industry as it signifies the company's ability to attract and retain customers, grow its business, and potentially gain more influence in the market. By offering competitive prices, travel agents can attract customers away from their competitors and increase their market share.
  • Increased customer loyalty: Series fares allow travel agents to offer discounted rates to their customers, which can help them to build customer loyalty and increase repeat business.
  • Opportunity for Blockbuster Deals: Occasionally, Series Fares can lead to exceptional deals for travel agents. For example, if a travel agency purchases tickets for a popular event or festival well in advance, they can take advantage of the increased demand during that period and sell the tickets at a higher price, generating substantial profits.

In conclusion, Series Fare is an excellent way for travel agents to make a profit and provide affordable tickets to their customers. With the advantages of maximum profit margins, minimum ticket prices, and easy selling, it's no wonder why many travel agencies are using Series Fare software.

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