"Own only what you can carry with you; know language, know countries, know people. Let your memory be your travel bag" – Alexander Solzhenitzyn
We are proud to present what we believe to be the most extensive dictionary of travel industry terms, abbreviations, acronyms, slang, and nicknames available anywhere. And if we’ve missed one, let us know. We’ll research it, define it, and post the definition here for everyone’s benefit.
The phenomenon of new companies offering alternatives to more established products, services, or distribution channels. Sometimes called competitive substitution. Examples include the rise of OTAs competing with traditional travel agencies in the sales of airline tickets and the rental of private apartments and rooms competing with hotels in the leisure market.
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