The internet and the proliferation of smart-phones have transformed the way consumers reserve hotels and accommodation. This drastic change in consumer behavior has led to an up-rise in online bookings around the world and inherently meant a transformation in how travel agencies help their customers book hotel rooms. Travel agencies with hotel booking systems are getting more business. Hotels also benefit from hotel booking systems as they get more rooms booked, thus avoiding the prospect of rooms remain vacant.
The hotel booking system or the online reservation software for hotels is a highly profitable solution for travel agents. Two major business models, B2C and B2B are used widely across the globe. There have been a consistent debate about, which one is better but most of the leading travel agencies are actually using both.
The hotel booking system assists you manage your hotel room booking business effectively. With the hotel APIs integration, one gets a great access to the inventory. Users get the better deals and thus lead to more bookings on a day to day basis. The backend admin module also makes your office staff more efficient. With complete reporting, entire control of walk-ins and telephone sales though the online box office, you can sell hotel rooms online, round a clock.
A good hotel booking system development company can include conference/delegate registrations and event ticketing within the online modules. You should opt for a perfect hotel management system and online booking software.
The latest hotel booking systems which are openly definable and customizable to cater to their specific business needs. The capability to add languages to hotel booking engines help the travel agencies to sell hotel rooms across the globe. The online booking is in rise in USA, Europe, Saudi Arabia, India, UAE and Singapore. Next few months will be interesting to watch as travel will increase because of festivities.
Growth Forecast for Travel Technology Solutions @ 7.9% CAGR till 2019.
Travel technology is growing rapidly worldwide on base of online travel software and GDS systems. Indian travel technology companies are focusing on Big data, analytic tools and social media are becoming the latest trend. Demand for B2C travel portal development and OTA software is surging in all parts of world as mobile devices are becoming the most preferred medium for using travel technology.
Author is a senior business analyst and an expert in travel portal development and marketing strategy implementation.