Being a vast business and a lucrative one, online hotel reservation system has many aspects to add in the revenue model for boosting the revenue generation.
In this type of revenue model, the admin charges a certain amount of service commission fee from the travelers and a certain amount of transaction fee from the hoteliers.
This requires the development of a wallet for the platform with the help of PCI compliance, third-party APIs, and payment gateways.
· Cancellation Policies
The cancellation policy in most of the cases is to be charged from both the travelers and hoteliers in either case when they both cancel.
In case when the traveler cancels the booking, the admin of the website portal charges a certain amount of cancellation fee either as specified by the hotelier or by the unit model designed by the portal itself.
In case when the hotelier cancels the booking, the admin refunds the complete amount deposited by the traveler and charges a certain amount of cancellation fee from the hotelier.
· Selling Business Management Tools
In many cases, the admin provides certain business management tools to the hoteliers so that their room gets accommodated at most times.
For the ease of management that the platform provides, it charges a certain amount in the form of a subscription fee on a monthly basis from the hoteliers.
If this is the case, the associated tools are also to be developed which looks after the integration of the different hotel websites, acceptance of booking of rooms, booking a room on the hotel website, guest profiles, notes, and tags, shift planning and management tools, for planning the acquisition and retention of the customers.
· Featuring Fee
In this type of revenue model, the hotels are charged for the listing and featuring on the online hotel booking website portal. There can be many parameters that can be considered while charging the featuring fees to any restaurant.
The restaurants can be charged an extra fee for being featured in the OpenTable’s dining guide, on a monthly basis apart from the basic software installation and management fee.