Related terms

Travel API

A programming interface that exposes travel content and booking functions — search, pricing, booking, cancellation — so a developer can build them into their own…

White-label

Technology supplied by one company but presented under the customer's own brand. A white-label travel portal lets an agency run a booking site or app as if it were…

Markup and markdown

Rules a platform applies to supplier (net) rates to set the selling price. A markup adds margin; a markdown discounts. Wholesale platforms usually support tiered…

Mid-office

The layer between booking (front office) and accounting (back office) that enforces business rules — fare rules, markup, credit limits, quality control and…

Back-office

The accounting and administrative side of a travel business: invoicing, supplier reconciliation, BSP/ARC settlement, ledgers and reporting. Travel-specific…