The document discusses the significance and functions of Global Distribution Systems (GDS) in the travel industry, emphasizing their role in facilitating transactions between travel service providers and agencies. It highlights the benefits for travel agents, such as real-time inventory updates and the ability to offer competitive holiday packages, while also touching on the future challenges and advancements in GDS technology. Trawex, a travel software development company, is mentioned as a key player in integrating GDS with airline consolidators through various travel portal models.