Words we actually use.
A travel commerce platform is software that lets a brand sell trips under its own name. The rest of this page is the vocabulary behind that sentence.
Stopover program
An airline product that sells a hotel night, transfer and often a tour during a hub layover, booked with the flight rather than as a later add-on.
Dynamic packaging
Bundling live flight, hotel and extras into one price at search time, with component prices hidden, so the seller can discount the trip without publishing a weaker public fare.
NDC
IATA New Distribution Capability. An XML standard that lets airlines send rich offers, bundles, ancillaries and images to sellers, instead of a seat and a fare class.
Airline holidays platform
Software that lets a carrier sell flight-plus-hotel holidays under its own brand, keeping the customer, the data and the trip margin.
White-label booking engine
A booking site that runs on the seller's domain and brand. The vendor supplies the engines; the seller owns the customer.
TMC / OBT
A TMC is a travel management company that runs corporate travel for clients. An OBT is the online booking tool those travellers use, with policy and approvals built in.
GDS
Global Distribution System. A network (Amadeus, Sabre, Travelport) that aggregates airline, hotel and car content for agencies. Still the default pipe; no longer the only one.
Ancillary revenue
Money an airline or agency makes beyond the base ticket: seats, bags, hotels, insurance, stopovers. Modern retailing is mostly a fight for this layer.
Direct share
The portion of bookings an airline takes on its own site rather than through agencies or OTAs. Platforms that keep the customer relationship exist to grow this number.
PSS
Passenger Service System. The airline host that holds PNR, check-in and inventory. Replacing it is a multi-year programme; most carriers add a retailing layer on top instead.
NDC vs GDS
NDC is a content standard. A GDS is a network. They now overlap: GDSs carry NDC, and aggregators sit in front of both.
Opaque bundled pricing
Showing one trip price without listing the hotel rate or the fare inside it. Used in dynamic packaging to protect public fares.
Low-cost carrier content
Airline inventory that never sat in a GDS, or sits there poorly. Needs a direct or NDC connect.
Earn and burn
Loyalty members collect points on a booking and can spend points, cash, or both at checkout.
Mixed pay
Paying part of a booking in points and part in cash in a single transaction.
White-label vs marketplace
White-label is your brand on your domain. A marketplace is someone else's brand, even if you supply the trip.
Per-booking fee
A vendor charge on every ticket or hotel night. altovo does not use this model; the tax on growth is the thing we refuse.
Go-live
Elapsed time from signed contract to a live booking flow. altovo's figure is under 8 weeks.
IATA settlement
How airlines collect and pay through BSP or ARC. A payments module that ignores this is not an airline product.
Bed bank
A contracted hotel inventory source, distinct from a public OTA rate. Used in packaging.
Open-jaw
A trip that does not return from the same airport it arrived at. Needs multi-leg flight logic, not a simple return fare.
Hub layover
Time on the ground at an airline's connecting airport. The raw material of a stopover programme.
Corporate policy
Rules a company sets on cabin, advance purchase, preferred hotels and who must approve a trip.
SSO
Single sign-on. Corporate travellers log in with the company identity provider rather than a new password.
OBT vs TMC
The OBT is the website. The TMC is the company that configures it, services exceptions and holds the client relationship.
Retail API
A booking API for a loyalty or retail brand that does not want to run a full agency stack.
Mark-up
The amount an agency adds to a net rate. In a network this is set per tier.
Direct connect
A link to a supplier that does not go through a GDS. Common for low-cost carriers and hotel aggregators.
Fare family
Branded airline bundles (light, classic, flex) sold as products, not as a raw booking class.
Conversion uplift
Increase in completed bookings versus the previous stack. altovo cites +34% over incumbent retailing stacks.
Margin uplift
Increase in trip margin. altovo cites more than 15% across deployed carriers.
PCI-DSS
Payment Card Industry Data Security Standard. Level 1 is the strictest tier, required if you touch card data at volume.
SOC 2 Type II
An independent audit of security controls over a period, not a point-in-time checkbox.
ISO 27001
International information-security management certification. altovo holds ISO/IEC 27001:2022.
50/50 profit split
An outsourced-OTA commercial model (used by TripX) where the vendor runs the journey and keeps half the profit in perpetuity.
SaaS vs outsourced OTA
SaaS licences software; you run the brand. An outsourced OTA runs the brand for you and keeps a share forever.