About TRVLR

This fintech-powered platform automates commission payments and streamlines hotel reservations for travel agencies and hotels. It ensures travel advisors receive their commissions efficiently, reducing administrative overhead and fostering business growth within the hospitality industry.

```xml <problem> Travel agencies and hotels often face inefficiencies in managing commission payments, leading to delayed payouts, administrative overhead, and a lack of transparency. The manual processes involved in tracking, settling, and reconciling commissions can be time-consuming and prone to errors, hindering business growth and advisor satisfaction. </problem> <solution> Nexus Travel provides a platform designed to automate commission payments and streamline hotel reservations, creating a more efficient ecosystem for travel agencies and hotels. The platform offers AdvisorConnect, an intuitive booking platform providing travel advisors access to a curated selection of luxury hotels, and CommissionPay, a tool that simplifies the commission process, allowing hotels to settle, adjust, and dispute commissions with a single click. By integrating directly with hotel reservation systems, Nexus Travel ensures accurate and up-to-date booking information, while also providing transparent reporting and real-time tracking of commission status. This enables faster commission payouts, reduces administrative burdens, and fosters stronger relationships between hotels and travel advisors. </solution> <features> - Direct integration with hotel CRS (Central Reservation System) or Channel Manager for real-time availability, rates, and inventory (ARI) updates - Automated commission tracking and settlement, with payments deposited directly into agency bank accounts - CommissionPay enables hotels to pay, adjust, or dispute commissions with a single click - AdvisorConnect provides a user-friendly booking interface for travel advisors with access to a curated selection of luxury hotels - Transparent reporting dashboards for both hotels and travel agencies to visualize booking and commission data in real-time - Integration with Adyen for secure and compliant payment processing, adhering to KYC and AML requirements - Option for hotels to upload commission data from other booking channels (GDS, brand.com, IBE, OTA, etc.) for centralized settlement - Client data storage for travel advisors to save client information for faster bookings </features> <target_audience> The primary target audience includes luxury travel agencies and advisors seeking efficient booking and commission management, as well as independent luxury hotels aiming to streamline operations and incentivize bookings. </target_audience> <revenue_model> Nexus Travel charges travel agencies a performance-based fee of 5% of the commission amount earned through the platform; the platform is free for hotels. </revenue_model> ```

What does TRVLR do?

Where is TRVLR located?

TRVLR is based in Santa Barbara, United States.

When was TRVLR founded?

TRVLR was founded in 2022.

Location

Santa Barbara, United States

Founded

2022

Employees

11 employees

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TRVLR

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Executive Summary

nexustravel.com 700+

Founded 2022 – Santa Barbara, United States

Funding

No funding information available.

Team (10+)

No team information available.

Company Description

Problem

Travel agencies and hotels often face inefficiencies in managing commission payments, leading to delayed payouts, administrative overhead, and a lack of transparency. The manual processes involved in tracking, settling, and reconciling commissions can be time-consuming and prone to errors, hindering business growth and advisor satisfaction.

Solution

Nexus Travel provides a platform designed to automate commission payments and streamline hotel reservations, creating a more efficient ecosystem for travel agencies and hotels. The platform offers AdvisorConnect, an intuitive booking platform providing travel advisors access to a curated selection of luxury hotels, and CommissionPay, a tool that simplifies the commission process, allowing hotels to settle, adjust, and dispute commissions with a single click. By integrating directly with hotel reservation systems, Nexus Travel ensures accurate and up-to-date booking information, while also providing transparent reporting and real-time tracking of commission status. This enables faster commission payouts, reduces administrative burdens, and fosters stronger relationships between hotels and travel advisors.

Features

Direct integration with hotel CRS (Central Reservation System) or Channel Manager for real-time availability, rates, and inventory (ARI) updates

Automated commission tracking and settlement, with payments deposited directly into agency bank accounts

CommissionPay enables hotels to pay, adjust, or dispute commissions with a single click

AdvisorConnect provides a user-friendly booking interface for travel advisors with access to a curated selection of luxury hotels

Transparent reporting dashboards for both hotels and travel agencies to visualize booking and commission data in real-time

Integration with Adyen for secure and compliant payment processing, adhering to KYC and AML requirements

Option for hotels to upload commission data from other booking channels (GDS, brand.com, IBE, OTA, etc.) for centralized settlement

Client data storage for travel advisors to save client information for faster bookings

Target Audience

The primary target audience includes luxury travel agencies and advisors seeking efficient booking and commission management, as well as independent luxury hotels aiming to streamline operations and incentivize bookings.

Revenue Model

Nexus Travel charges travel agencies a performance-based fee of 5% of the commission amount earned through the platform; the platform is free for hotels.