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What are the difference between IATA and ARC accredations for travel agencies?

I have a travel agency that is doesn't issue ticketing for airlines but want the benefits of accredation from IATA or ARC. What are the differences between the two and is either one better or more appropriate for a home based tour agency?

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ARC (Airlines Reporting Corporation) is the organization that certifies us, and other travel agencies, to book travel and conduct business. We are in good standing with ARC. IATA is a global trade organization, but their activities and accreditation do not have any effect on the day-to-day running of our business.

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