Preliminary Part 2 Flashcards
An entity engaged in the business of extending to individuals or groups, travel services and assistance to include documentation, ticketing, booking for transportation and/or accommodation, arrangements, handling and/or conduct of tours within or outside the Philippines, whether or not for fee, commission or any form of monetary consideration
Travel Agency
Tour operators
Vendor
Seller
Vendor
Providing/Giving supplies, accommodation and other components
Vendor
Travel Agent
Middlemen
Talks vendor and vendee what to provide
Middlemen
Clients/Customers/Buyers
Vendee
More flexible
TMC
Future references, follow-up, evaluation, consultation
TMC
Gives services and that’s it.
Travel Agency
Limited to two entities
Traditional Illustration
Functions of a Travel Management Company/Travel Agency
- Provide information an expertise
- Recommend destinations, products and services best suited to the needs of the clients
- Assist in cases of refunds and cancellations
- Provide assistance in securing travel documents
- Process travel arrangements
Characteristics of a TMC
- Charged fee for ancillary service
- Acts as counselor to the end-user and as agent and/or intermediary for the suppliers
- Retailer transacts business and sells directly to the end-user
- Derives revenues from a predetermined fixed commission
They are the retail part of the distribution chain
TMC and Travel Agent
Three types of business establishment:
Sole/Single Proprietorship/Ownership
Partnership
Corporation
Requires a legal personality before it can legally transact business
TMC/TA
Small-sized TMC/Travel Agency table or organization
Manager
Secretary
Administration (Bookkepper, Cashier, Reservations and Ticketing, Utility Personnel)
Operations (Travel Counselor, Reservations and Ticketing, Liaison Officer)
Account Executive