"A market place for travelers to buy and sell prepaid rooms" by @CJuppet
What is it, and why should you care?Travtar is a new marketplace where onecan buy or sell prepaid hotel rooms...what does it mean?Imagine that you booked your hotel roomseveral weeks in advance because you hadto participate in a fair in Paris;unfortunately, you cant attend the fairanymore... and the hotel cancellationpolicy states that you cant be refund!Then what alternative do you have? Youconnect on travtar and you just sell yourroom to someone who would like to stay inthe same hotel on the same period!Its as simple as that!
Is this concept brand new?We found that startup while surfing on Techcrunch (video of the foundersinterview), and the company is supposed to be launched in January 2013.BUT we found out they had a competitor: Hallst.com, "Peer to peer hotelroom trading"!And we wondered about the main differences between these two concepts; asTravtar is not launched yet, we cant really determine all the benefits of theconcept - but I personally think that Travtar marketplace is easier to use andless complex than Hallst.com! vs.
Travtar vs. Hallst.comOn Hallst.com:- guests can negotiate room rates with hotels;- rooms offered are non breakfast included and non-refundable;- when you offer a price to a hotel or another guest, your offer is maintainedfor 24 hours, and you are charged with the service fee only if your offer isaccepted from the seller or the hotel;- when you sell a room you are paid only 15 days after the operation, viaPaypal only;- you can share your room offers on Facebook and Twitter!// On Travtar, the selling process is supposed to be free, but the companytakes 10 to 15% commission on each seller.
What about hoteliers side?As FMKRS, and while talking about it with my colleagues, we thought aboutthe difficulties that could be encountered from the hoteliers side:- booking agents and receptionists will have additional work when receivinglast minute updates and profile modifications on the initial booking;- during high season, when a guest cancels his stay, the hotel will benefitfrom an additional revenue generated by a second different booking on thesame room, because it is a most wanted date;- basically, hoteliers wont lose money, but they will not be able to reallyincrease their revenue in case of cancellation or no show.One can say that its better to have someone else in the room than an emptyroom - but its better to have a second high priced booking on the same roomthan a booking modification that will only bring ancillary revenue likeminibar!
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