If you are a hotel owner or a person who works under the hotel industry, you will have a question as to, why should I pay so much money to the Online Travel Agents as commission? A better reservation platform in the hotel website helps to get more reservations to the property paying high commission rate to the OTAs. Online travel agents like Expedia, Booking.com, Agoda, Orbitz are poplar among the people and so, they will choose to book through these channels. The hotel property should be well know among the guests, to have a direct reservation in the website. More Online and social media marketing activities are required to boost their online presence of the property and to increase the traffic to the website.
The online presence and the brand identity of the OTAs are backed with the millions of dollars. Online travel agents spends huge amounts of money for the Online marketing activities including Google Ad words, Display advertisements and social media marketing. When a hospitality property has a good brand awareness and reputation among the guest, they will be happy to have a direct reservation in the hotel website, rather than going for the OTAs.
Why does the property needs to have a Reservation platform in the website?
– Majority of the OTAs have a high percentage of commission rate, which eats majority of the profits of the property.
– The property might loose a large number of potential website visitors without making a reservation if they don’t have an online reservation platform.
– Sales can be boosted to a new level.
– To crate and display more promotions with a direct reservation in the website is possible.
– To attract more customers to book online, rather than going for the traditional travel agent booking system.
– To face the competition and to gain more customers online.
All the Online Travel agents charge a very high percentage of commission rate per sales. so, the property will be loosing too much money as commission which should have been a profit for the property, if it has been done through a direct sales in their website. Most of the properties boost their online presence through Online marketing including SEO and Google Adwords to attract more website visitors.
If you are planning to set a reservation platform for your property, then you need to consider the following matters.
– Does the property has a good brand awareness among the public, so that they can find the hotel online and reserve.
– Increase the website traffic through better online marketing including Google Ad Words and SEO.
– Good Online presence in the Social media and other interactive websites.
– Channel manager option enables the property to spend less money on Online marketing.
– Promotions to be listed in the website reservation platform.
Vertical Booking is an innovative software programme, that manages hotel reservations made via the internet (Booking Engine/CRS) and IDS (Synchro Channel Manager) and GDS (with direct connectivity) distribution. It is designed to cater for the needs of every kind of hotel and hotel chain. The system also includes marketing tools that allow the hotelier to optimize revenue. The key features are listed below;
- Channel manager (Connect with all the OTAs)
- Booking Engine
- Rapid IDS management
- Fast rate management and inventory editing:
- Quick stop-sales editing by rate, room or channel
- Promotion creation and connectivity
- Connection and synchronization with main PMS
- Conversions and log analysis tools
- Rate Checker (Competitors rate comparison tool)
Genex Solutions is based in Bangkok, Thailand which operates throughout Asia. Genex provides various software solutions to the hospitality industry including Hotes, resorts, restaurants and clubs. The Company was established in 1995, and currently employs a team of more than 50 Research and Development Consultants, System Analysts and Technical Personnel. Genex is also a major partner with Infor, third largest hospitality provider in the world along with Infrasys, Tevalis, iRiS, Cadena, Golden B2B, Aspen and Vertical Booking.Genex solutions will keep bringing the latest news and up to date innovations in the hospitality industry to the clients.