Know about of GDS (Global Distribution System)
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A global distribution system (GDS) is a computerized network system that enables the transaction between the service providers such as airlines, car rental companies, hotels, and travel agencies. The growing need for real-time inventory to check hotel rooms availability, number of cars available, number of flight seats available, etc., to service providers, thus raising demand for the GDS that trigger the growth of the market. Moreover, the proclivity of consumers for leisure travel coupled with the high infiltration rate of smartphones, tablets, and the availability of high-speed Internet connections is positively impacting the growth of the GDS market.
Growing demand for travel agents for getting the desired reservations which increasing the relevance of global distribution systems across the globe, thereby propelling the growth of the GDS market. The development of global distribution platforms and cost-effective solutions offered by cloud-based technology is further propelling the growth of the GDS market during the forecast period. Rapid growth in travel and tourism sector coupled with the increasing number of airlines and expansion of LCCs are expected to boom the growth of the GDS market.
The reports cover key developments in the GDS (global distribution system) market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from GDS (global distribution system) market are anticipated to lucrative growth opportunities in the future with the rising demand for GDS (global distribution system) in the global market. Below mentioned is the list of few companies engaged in the GDS (global distribution system) market.
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