This is a user generated content for MyStory, a YourStory initiative to enable its community to contribute and have their voices heard. The views and writings here reflect that of the author and not of YourStory.
Online Rental platform V/s Hotel booking software
Basic difference in functionalities between rental booking software and hotel reservation system.
This is a user generated content for MyStory, a YourStory initiative to enable its community to contribute and have their voices heard. The views and writings here reflect that of the author and not of YourStory.
Online rental booking platform
An online rental booking platform is a system that connects hosts who want to rent accommodations (rooms, shared & private rooms) to travelers.
Vacation Rental Script
Key players in online rental system are
Hosts
Local hosts
Guests
Restaurateurs
Photographers
Service providers in online rental booking platform are local people who want to make extra money by renting out their space at best price to travelers. Such portals mainly aim to offer home like experience in living rented places to travelers.
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Hotel booking software
Hotel booking systems are portals that have got hotels listed from exclusive range of hotels for travelers to make bookings.
Key players are
Hoteliers
Flight companies
Car renting companies
Holiday activity organizers
Travelers
Service providers in online hotel booking systems are hotel brands and chain of hotels. Their main business is to make money by charging travelers for their stay at cost. Such portals mainly aim to offer rich experience to travelers with their hotel rooms.
Revenue model possibilities
Revenue generation possibilities help gauge economical potential of room or accommodation booking portal. The commission model of online rental booking portal can be analogous to airbnb
Airbnb commission model
Airbnb charges host a service fee every time a booking is made by travelers using portal. Host service fee is calculated from booking subtotal that is before fees and taxes .This is automatically deducted from payout to host. Airbnb charges guest a service fee after they confirm reservation. Airbnb charge listing fee from hosts for every accommodation they list in the platform. This charge is depends on accommodation size, number of guests, location and type of accommodation. Featured listing service offers listing specially listed on first page of vacation rental platform.
Hotel booking software
Two types of charges are
Hotel booking software charges hoteliers a service fee for every time a booking is made by travelers using the portal.
Hotel booking system charges travelers transaction fee of reservation subtotal, after they confirm reservation. This fee calculation is completely depends on size of reservation and type of rooms booked in hotel booking portal.
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