Empowering Hoteliers: Developing a New Online Room Booking Platform
In a bid to challenge the monopoly of OTA websites like Booking.com and Expedia.com, hoteliers are set to launch a flat-fee-based online room booking system. With vast opportunities in the global hospitality industry and USA tourism sector, the platform aims to offer a transparent and cost-effective solution for both hotel owners and guests. By collaborating with a network of hotels and motels, the platform ensures unbiased booking options while generating revenue through a flat fee model. This initiative not only revolutionizes the booking process but also reshapes the dynamics of the hospitality sector.
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Presentation Transcript
Motel/hotel online room booking website own by hoteliers
Problem: Presently OTA website like Booking.com & Expedia.com operate as monopoly type & charge very high commission & hotel owner has no power. Solution: Develop flat fee base online room booking system owns by hoteliers to compete with current OTAs.
Opportunity There are at least 187,000 hotels in the world as of 2023. There are an estimated 17.5 million guestrooms in the world. The global hospitality industry is worth over $4.548 trillion as of 2022. There are about 1.6 million people employed by the U.S. s accommodation industry. The global travel and tourism industry was worth $4.671 trillion in 2020, down from its $9.17 trillion value in 2019. The average U.S. hotel occupancy rate is 64.2% as of February 2023.
USA Opportunity There are 90,562 hotel and motel businesses in the U.S.
USA Opportunity The U.S. tourism industry was valued at $545.11 billion in 2020.
USA Opportunity Who We Are: We are developing new online room booking platform to compete with existing OTAs When you book a room, book-x.com provides and is responsible for the Platform but not the Travel Experience Book-x.com is a company incorporated under the laws of the USA. How does our service work? We make it easy for you to compare Bookings from many hotels & motels The information on our Platform is based on what Hotel/Motel Providers tell us. We do our best to keep things up to date at all times, but realistically, it can take a few hours to update, e.g. text descriptions and lists of the facilities that Accommodations provide. When you make a Booking on our Platform, your reservation details will be shared to Hotels/Motels
USA Opportunity Who do we work with? Only hotels/motels that have a contractual relationship with us will be displayed on our Platform. We don t own any Hotels/Motels ourselves each hotel/motel is a separate company that has agreed to work with us in a certain way. Our Platform tells guests how many hotels/motels guest can book through us and our search results page tells guests how many of them might be right for them, based on what you ve told us. How do we make money? We don t buy or (re-)sell any products or services. We charge flat fee per month to hotels/motel ( instead of % based on sales commission structure) based on number of motel/hotel rooms.
Stake Holders Founder Reserved 25% Ownership At least 100 Area Managers reserved 25% Ownership $1 per share Initially At least 1000 Hoteliers Shareholders 50% Ownership $1 per share Initially Expand BOOK-X.COM through joint effort from above 3 stakeholders Founder: Develop, manage and expand book-x.com Area Manager: Bring new motels on book-x.com and solve motels listing problem and install yard signs and banners. Hoteliers: List their own motel and push their friends to list their motel on platform and become shareholder. They allow to keep book-x.com banners in hotel lobby and front desk staff drive awareness among hotel guests
Key Stake Holders Role Founder: Develop, manage, advertise, back office and expand book-x.com Area Managers: Bring new motels on book-x.com and solve motels listing problem and install yard signs Hoteliers: List own motels on book-x.com and push their friends to list their motels and become shareholder of book-x.com. They allow to keep book-x.com banners in hotel lobby and front desk staff provide awareness, drive & encourage their guests to book room on book-x.com
Value Proposition Value proposition to guests: 1) Cheap(est) prices: Motel provide discount coupon code to beat OTA price 2) Amount of choice: More motel listing provide more choice to guest 3) Reduction of risk: The star rating and reviews generated by other users reduce the risk of being disappointed 4) Call centers: Guest directly call to hotel/motel 5) Responsive Website: Guest can easily book room from their mobile phone Value proposition to hotels/motels: 1) Low commission Flat fee per month 2) Ownership 3) Drive additional traffic 4) Increase bottom line by commission free booking 5) Integration with motel PMS
