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Hotel booking system is basically of two types, B2C – which is focused towards end customers and B2B – which is focussed towards travel agents. Travel industry today operates operates in all four of the major market segments: business to business, business to consumer, business to corporate and white-label. Hotel booking system can be thought of as a more advanced form of global hotel catalog, where in user can search, check images, check pricing and do the booking online.
Setting up an online hotel booking system can be done in following two ways:
- Hotel Booking System with Hotel APIs
- Hotel Booking System with Self Contract Inventory (Hotel CRS / Hotel Extranet)
Hotel booking systems have expanded rapidly over the past five years and is predicted to continue at this rate, or even accelerate. Carrying out hotel booking transactions electronically provides numerous competitive advantages over primitive methods. More over, the hotel inventory, which is one of the most important components of any hotel booking system, is accessed through hotel APIs, which have global data. When implemented with several hotel APIs, online booking system becomes faster, cheaper and more convenient than the traditional methods of bartering goods and services.
Hotel Booking System with Self Contract Inventory (Hotel CRS / Hotel Extranet)
Hotel booking systems with self contracted inventory are implemented more, for a specific geography. For example any travel company having several hundred hotel contracts in Dubai, will go for this model rather than going for hotel APIs. The commission in this model is more than the API model.
GTA Travel, Hotelbeds, Hotelspro, Tourico, Travco, Expedia, DOTW, Bonotel and several other hotel aggregators are providing the best in class hotel inventory with good rates.
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Impact of GDS on Hotel Booking Systems
In a recent survey, year 2015 set up a record for travel bookings through global distribution system. Around 62 million bookings were processed across various travel portals and online hotel booking systems. In 2016, its expected to cross 64.5 million as per latest projections. In terms of revenues $12.5 billion was clocked across all channels in the second quarter in the top 50 global markets, encompassing 69 million hotel room-nights. United States, India and UAE saw more absorption from OTAs, travel agency software and online hotel software.