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Definitions from the Web

Consolidators

Definition:

Consolidators, in the context of travel or tourism, refer to companies or organizations that deal with bulk purchasing of travel-related services, such as flights, accommodation, and transportation. They buy these services in large quantities from multiple suppliers and then sell them to travel agents or customers at a discounted price.

Senses and Usages:

1. Travel Industry Sense:

In the travel industry, consolidators function as intermediaries between suppliers and travel agents or customers. They aggregate various travel services and negotiate wholesale rates, allowing travel agents or customers to access discounted fares or prices that are not available through other channels. For example:

• Many travel agencies rely on consolidators to secure affordable airfares for their clients.
• The consolidator website offers discounted hotel packages for tourists visiting popular destinations.

2. Financial Sector Sense:

In the financial sector, consolidators are entities that merge or combine financial accounts, loans, or debts from multiple sources into a single, unified account. This consolidation enables individuals or businesses to manage their finances more efficiently. For instance:

• The bank acted as a consolidator, merging all the client's outstanding loans into one manageable debt.
• This financial app provides a convenient way for users to consolidate their credit card balances.

Related Products:

Here are some related products available on Amazon:

• Travel Booking Consolidators
• Financial Consolidation Software
• Consolidation Loans