Post
Topic
Board Announcements (Altcoins)
Re: [ANN][ICO] GOeureka — Blockchain hotel booking platform
by
Amaara89
on 22/10/2018, 11:02:50 UTC
How do hotels make money from bookings via third party websites? As we all know that Online Travel Industry is totally depends on OTAs, so there may be lots of advantages that's why they are still in the field and I think they are doing good.
Initially, Online Hotel Booking Industry adopted the third party websites (OTAs), as a means to clear unsold inventories. However, the entry and rapid expansion of OTA's totally reshaped the travel industry. Initially, they had charged a commission of ~5 % to the hotels but day by day they made hotels reliant on them. Nowadays Online Travel Agencies are charging almost 30 % to hotels.