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Industry Definitions & Acronyms

Talk the talk: travel industry terms, definitions, organizations, and acronyms you need to know as a travel professional.

What Is a Seller of Travel?

What’s a Seller of Travel registration? Learn which states require it, and how location, clientele, and host affiliation affect requirements.

What Does All-Inclusive Actually Mean?

What does all-inclusive mean? Learn what is typically included at resorts, common misconceptions and costs, and how travel advisors can help.

What Is a Commissionable Booking?

Learn what a commissionable booking is, how travel advisors earn commission, and why understanding supplier payment policies matters.

What Is a Travel Agency Service Fee?

Learn about travel agency service fees, what it can cover, and why travel advisors charge fees in addition to supplier commissions.

What Is a Site Inspection?

Learn what a site inspection is, why travel advisors participate in them, and how firsthand supplier knowledge can improve recommendations.

What Is a Consortium in the Travel Industry?

Learn what a travel consortium is, how it supports travel advisors, and why consortium benefits can matter when choosing a host agency.

What Is a CRO (Central Reservations Office)?

Learn what a Central Reservations Office (CRO) is, how it supports travel bookings, and why travel advisors should understand its role.

What Is a Travel Advisor Override Commission?

Learn what an override commission is, how it differs from standard commissions, and when travel advisors may qualify for one.

What Is an Errors & Omissions (E&O) Policy?

Learn what Errors & Omissions insurance is, why travel advisors need it, and when hosted or independent advisors may need an E&O policy.

What Is a DMC (Destination Management Company)?

Learn what a DMC is, how a DMC supports travel advisors, and when to use one for groups, luxury travel, and custom itineraries.

What Does ARC Stand For?

Learn what ARC stands for, how it supports airline ticketing, and when ARC accreditation matters for travel advisors.

What Is a Net Rate in Travel Bookings?

Learn what a net rate means. How it differs from a commissionable rate, and why travel advisors need to understand supplier pricing.
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