Travel agents are valuable industry partners. They are usually paid a commission percentage based on the rate. Effective setup and usage of the Travel Agent fields in Visual Matrix will aid in prompt payment processing, effective tracking, and keeping these valuable partners working on behalf of the hotel.
Path: Sales and Marketing > Travel Agents > Travel Agents.
1. Travel Agent Information
The IATA should be provided by the agency/agent at the time of booking the reservation. IATA stands for International Association of Travel Agents. For the sake of processing payments for commissions, a Federal Tax ID is required. It should be provided by the agency/agent. There may be a need for the 1099 form for the IRS as well. Check the Form 1099 box. A Company Code associated with the rate structure of a particular Company helps maintain rate integrity and effective tracking.