Cost of Hotel Reservation Software (with APIs) Depends on Following

Online hotel reservation software and web booking engines can make things easy for both the guest and the service provider. Many hoteliers may be thinking of buying a booking engine for their hotel business. The offline sales presence of the agent is not necessarily required if the company switches to the booking process that happens online. It saves lot of money and time. You need not possess an office space or to appoint any resource and undergo training activities which in fact can cost a lot for your company.

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Cost of Hotel Booking Software

Online booking engine is the wisest option to enhance business online. But it is important to know the expense it incurs to your business. Here are some of the factors which can affect the cost of hotel booking engine.

Business Model

The cost of a software can be one time design development cost base on number of Hotel APIs and CRS modules or in subscription format. On one time cost, project may start from 3000$ depending modules needed and including of APIs and final API out. On subscription, it may cost $120 per month and onwards. Most of the hoteliers prefer monthly subscription for better budgeting as it allows to reinvest most of the revenue in the property to help its growth.

Room Allocation

Monthly subscription is based on the rooms available in your hotel. So if your property is big enough, then you need to pay more. When the number of rooms increase, then it is tough to manage the system and therefore the price increases drastically. Because the room descriptions and inventory will be more when compared to a small one.

User Rate

There are certain companies which charge extra for the additional user of your account. For example; if you are giving the new receptionist of your hotelier to access your software, then it will be charged extra. Booking engine need to define different roles of each user in order to place restriction to the accessibility each forum has.

Number of Channels

Depending on way your booking engine is working, channels differ. If it provides all-in-one business solution with a channel manager, then there would be two business models; Plug and Play, Add-on.

Plug and Play

In this method a flat fee is paid to gain instant access to the existing integration of the channel manager. Here the user doesn’t have to pay each time to gain access to the inventory to connect to hundreds of channels.

Add-on

Here you need to pay your service provider each time to have a link which connects inventory to the booking engine. This is considered to be very expensive in the long-run. So most of the hotel management people who look forward to gaining a massive growth can’t opt it out.These factors can help you in deciding the best online booking system for your hotel business. The competition is high. Therefore your hotel business has to keep with the pace of the recent technological developments happening in the business. This can help to retain your existing customers and also to grab new market sectors. Travel and tourism has widely opened its wings to the travelers across the world. So the growth of your business is directly proportional to the technological advancement which enhances your business smoothly.

How is growth of travel technology and portal software in Iran, Iraq and ME region?

ATM 2016 has been an alibi for growth of travel technology in middle east and African region. They have adopted to travel technology solutions in a great way and that’s why the growth has been great. Travel companies in middle east are partnering with global travel technology companies to set best in class travel ticketing systems while integrating top APIs in travel domain.