We’re excited to announce the launch of the Markup Management module, designed to empower TMCs with enhanced control over pricing and revenue. This new feature allows TMCs to seamlessly apply service markups at a granular level, providing greater flexibility and transparency in managing pricing strategies.
Key Benefits:
- Precise Markup Application:
Adding markups on specific services, offering the flexibility to tailor pricing according to TMC’s business model. - Transparent Pricing:
Choosing whether markups are displayed directly on the cart, ensuring clarity for both TMCs and travelers. - Streamlined Workflow:
Easily managing markups within a dedicated tab, with intuitive options to add, edit, or delete records.
Features and Functionality:
- Markup Configuration:
Define markups as percentages (fixed value options coming soon) and apply them to selected transport providers and services. - Flexible Payment Options: Link markups to specific forms of payment, ensuring accurate fee calculation.
- Granular Control: Apply markups to negotiated or public rates, providing greater pricing flexibility.
- Real-time Updates:
Changes to markups are reflected immediately on new bookings, optimizing pricing strategies. Marked-up prices are consistently displayed across the platform, ensuring transparency for all stakeholders.
Travel Policy Integration:
Markups are seamlessly integrated into travel policy calculations for accurate cost management.
This initial release focuses on percentage-based markups for transportation services (Amadeus for Air and PAO for Rail), with LCC and CAR services coming soon. We’re committed to ongoing development, with plans to introduce fixed value markups, support for additional services, and enhanced configuration options in future iterations.
