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Agency Fees-Is it Time to Implement & What Should be Included? | MasterAdvisor Series 12

Travel Market Report
Travel Market Report
✨Casual
πŸ‘οΈ 997 viewsπŸ“… 5 years ago⏱️ 58:40
What This Creator Said
Creator Had Mixed FeelingsTips & Advice✨Casual Creator

Source: Our analysis of the creator's lived experience, based on what they said in this video.

Creator's Key Takeaways

the travel agent is very important for the consumer we have noticed obviously that some of the customers that booked with online were all left stranded

cancellation fees are certainly highly justifiable because it's just as much work to get somebody all the way to the point of booking paying and that to have them cancel at that point

we should make it even a professional or a consulting fee to give it the emphasis it should have almost the emphasis it deserves

you have to put a value on it because if you don't put a value on something someone thinks it doesn't cost anything

Creator's Tips & Advice

βœ“Educate clients on the value you provide beyond booking
βœ“Charge fees for all services, including cancellations and rebooking
βœ“Build confidence in your expertise to justify fees
βœ“Use travel insurance to protect non-refundable costs and commissions

Questions This Creator Answers

QWhat are agency fees and why should travel advisors charge them?
QHow do you define and differentiate between various types of fees?
QHow can advisors implement fees with existing and new clients?
QWhat is the future of travel advisor compensation?

Topics Covered

Booking Process1 Happy BaconValue Pricing1Β½ Happy Bacon
How to read the Trip Bacon Score
Happy Bacon β€” creators loved this aspect
Sad Bacon β€” creators took issue with this
Meh β€” no strong opinion either way

Scale: 0–5 strips in half-step increments. 0 = β€œmeh”, 5 = β€œbacon bliss”. Aggregated from creator-review sentiment, weighted by channel expertise.

About our Bacon Score methodology
YouTube Video Description↓

Join our panel to discuss Agency Fees. They have been spoken about for years... is it now time to finally implement? And will these include cancellations, rebooking, providing information and resources? Our panel is made up of Zeina Gedeon, TPI Canada; Lori Speers, Xstream Travel; Steve Hirshan, Avoya Travel.