Preventing My Agency from Fraud? Do Commissions Change? Budgeting for a Travel Agency?

Preventing My Agency from Fraud? Do Commissions Change? Budgeting for a Travel Agency?

Author: Host Agency Reviews November 29, 2024 Duration: 26:32

In episode 184 Steph cohosts with David Meihoefer of TPI! Steph and Dave have some really substantive questions to dig into, so make sure you don’t miss it! Here are the questions: 

1. Hi Steph and Guest. Our host agency was just hit with fraud and they sent a notice that we’ll be responsible for any fraudulent bookings. Is this common? I’m new and I’m worried I will make a fraudulent booking and not know it. It would be helpful if we knew what to look out and how to avoid bad bookings. —Anonymous


2. I am curious about the industry practice regarding changing from one commission split level to another within a host agency. Is it customary to be paid on a booking based on what your split is when you entered the booking into your host’s commission tracking system? Rather than what your split is at the time of travel?


Thanks for any insight!

—Anonymous



3. Do you recommend new travel advisors have a marketing budget from Day 1? I know you need to spend money to make money. However, I’m unclear how much to spend and would appreciate guidance.


Thanks!

—Anonymous




RESOURCES:



Mark Pestronk on Preventing Fraud

https://www.travelweekly.com/Mark-Pestronk/How-to-prevent-IC-fraud-on-suppliers


ARC’s Fraud Prevention Tools 

https://www2.arccorp.com/support-training/fraud-prevention


How to Protect Your Travel Agency from Credit Card Fraud

https://hostagencyreviews.com/blog/protect-travel-agency-credit-card-fraud



Role Reversal: Thinking Like a Travel Agency Fraudster 2017

https://hostagencyreviews.com/blog/role-reversal-thinking-like-travel-agency-fraudster-2017


Explaining Travel Agent Commissions [Infographic + Charts]

https://hostagencyreviews.com/blog/travel-agent-commissions (All about travel agent commissions, including airline commissions.)


HAR’s $100 Travel Agency Marketing Plan  (https://hostagencyreviews.com/blog/the-100-travel-agency-marketing-plan)


https://hostagencyreviews.com/friday15 (Submit questions, sign up for reminders for the F15, along with that week's questions we'll be covering!) 


Hosted by the team at Host Agency Reviews, this audio channel blends two distinct formats into one practical resource. The first is Travel Agent Chatter, a quarterly series of spotlight interviews that dive deep into the experiences of working travel advisors. These longer conversations explore the real stories behind the careers, covering the nuances of building a business, personal client triumphs, and the cultural insights gained from a life in travel. The companion series, Friday 15, operates on a completely different rhythm. Every week, a focused fifteen-minute episode tackles specific questions from the travel industry, offering direct advice and timely insights that are both concise and immediately useful. Together, this podcast creates a balanced mix of inspirational narrative and actionable strategy. Whether you're seeking motivation from peer journeys or need quick answers to pressing professional questions, the channel is designed to support the daily realities of travel entrepreneurs. It’s a resource that understands the industry's blend of passion and pragmatism, delivered through the authentic voices of those who are deeply embedded in this world. Tune in for thoughtful perspectives that are as varied and dynamic as the travel profession itself.
Author: Language: English Episodes: 100

Travel Agent Chatter | Friday 15
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