ArtsAutosBooksBusinessEducationEntertainmentFamilyFashionFoodGamesGenderHealthHolidaysHomeHubPagesPersonal FinancePetsPoliticsReligionSportsTechnologyTravel

Profitable Revenue Stream - Online Hotel Booking

Updated on September 13, 2015

The world of business has changed very rapidly. Business plans used to be built upon focus. With today's technology, that is changing rapidly and keeping up with the best practices demands an acute insight into online affiliate income.

Take for instance, HubPages. The income we earn and the income generated to the creators of this website could be even further enhanced by adding in hotel commissions. Do you need to know the hotel business? Absolutely not. Would it be helpful to understand the industry - most certainly.

Bookings.com and hotels.com among many others provide affiliate income for referrals. Why do they offer a hefty 10% commission? The industry is built around the travel agents commissions. Referrals mean gross sales and ultimately higher profitability. Gaining that new customer is expensive and the referral commission is recognizes the value of the new customer base.

What is new to the travel industry is the world of online booking. For you see, every website has the possibility of earning not just Google AdSense revenue but also hotel commissions.

Imagine in stead of receiving pay per click revenue, you now can earn up to 10% of the cost of booking a hotel room. With the average room rate at $80, you can see how quickly this can add up to substantial dollars.

Is this a million dollar idea? Most definitely for some website especially such as Hub Pages. We have the following, we have the forums for travel and yet we don't have widget that directly links hotel commissions to Hub Pages.

What does this mean for you and I as writers? Simply, this, we are leaving millions of dollars on the table.

What does this mean for your business? If you have the web traffic or have a large employee base, taking the time to consider running your own online travel agency could prove to be most profitable.

As you and I and every savvy business owner knows the world of business has changed dramatically with the interest, so too, must our outlook on multiple revenue streams.

Take this quick quiz to see if your business should delve into the analysis of the possibility of offering the online hotel booking widget on your website portal:

Online Hotel Booking

Online Hotel Booking
Online Hotel Booking | Source

Take the Online Hotel Commission Quiz

view quiz statistics

Business Scores and What They May Mean

Scores Above 58% - you owe it to yourself and your company to research the potential profitability of new affiliate income.

Scores above 80% - this is not a back burner project, this may be major money you are leaving on the table.

Scores above 90% - what are you waiting for? The dollars belong in your pocket - get started today!

OHRM stands for Online Hotel Reservation Management System

Types of Online Travel Widgets

There are widgets within the travel industry for everything you need. What is a widget? Widgets are independent programs that you can run on your website.

In the travel industry, you can add a widget for searching and obtaining car rentals, hotels, flights and even cruise deals.

The downside is many of these online reservations made through the website widget are non-refundable.


Friends Family and Employees - What You Need to Know

As a business, if you are running the hotel online booking widget on your website and you are earning a 10% commission, you should encourage your employees and their families to use your website's widget. Why? Because the profits return to you.

What is the downside you might ask? The downside is 1.) the universe for the number of hotels available in the online reservation system may be limited 2.) hotels that you normally would want to book at may require (and more often than not are doing this) a minimum 2-4 night stay 3.) rewards often do not apply with online booking.

Do the reward points really matter? Yes but not in a monetary standpoint. Often reward points are literally pennies on the dollar. For your employees who travel frequently, the taking away of reward points limits their benefits and while they may not say anything, to them, the prestige of the reward points means something.

Hotel Terms You Must Know

Rack Rate: The rack rate is the price a person pays at a hotel if he or she deals directly with the hotel instead of booking online.

Group Rate: the rate negotiated for multiple rooms - often in the quantity of 8 or more.

IATA: International Association of Travel Agents- also IATA is a numeric code is an identification code for travel agents.

Action Plan

If I had a website with substantial traffic such as Hub Pages....

If I had a website such as Hub Pages that writes frequently about travel...

If I wanted to increase my gross revenues and my profitability...

If I had a customer, fan base or large base of employees....

I would strongly consider the online booking widget to add additional revenues sources to my companies' bottom line.

Industry Improvements Needed

There are a number of improvements that are needed in the industry today - both for the group corporate agents and for the savvy online shopper. This is a discussion for another day and time.

Google's Online Revenue

The third largest is travel. Google has tried unsuccessfully so far to launch a product called Hotel Finder. If you visit their website, you might even see "beta" as one of the defining labels. They are attempting to make this product work and wish to have your input.

Share Your Story with Us

Have you considered an online travel booking widget for your website?

See results

Comments

    0 of 8192 characters used
    Post Comment

    • American_Choices profile imageAUTHOR

      American_Choices 

      6 years ago from USA

      pagesvoice,

      Thank you so much! I prefer items that are profitable and useful - very highest compliment.

      I really would like to see a Hub Page auxiliary site just for hotels. We have the members, we have the venue, we have the content and how would you like to book your hotel? From the very place that you make money! Talk about the ultimate membership. Earn, travel, book and the cycle continues.

    • pagesvoice profile image

      Dennis L. Page 

      6 years ago from New York/Pennsylvania border

      Voted up, useful and interesting. I am so glad I came across this article. Your idea about BP including these widgets is certainly an excellent one. By the way, I have tweeted this article, as well.

    • American_Choices profile imageAUTHOR

      American_Choices 

      6 years ago from USA

      The hotel booking widgets are for the owners of the website directly. To qualify, it would depend upon each booking company. For instance, bookings.com and hotels.com are separate sites with separate widgets. I imagine that the amount of the commission - 10% or whatever is revealed only after your website is accepted.

      I believe these types of widgets - the hotel booking widget in general would be a profitable addition to the our Hub Pages family.

    • lulu16 profile image

      lulu16 

      6 years ago from T & T

      I have hubs about travel, and websites. None of my websites are yet about travel. Is it alright to add this widget to my existing websites? How will I qualify for this 10% commission?

    working

    This website uses cookies

    As a user in the EEA, your approval is needed on a few things. To provide a better website experience, hubpages.com uses cookies (and other similar technologies) and may collect, process, and share personal data. Please choose which areas of our service you consent to our doing so.

    For more information on managing or withdrawing consents and how we handle data, visit our Privacy Policy at: https://hubpages.com/privacy-policy#gdpr

    Show Details
    Necessary
    HubPages Device IDThis is used to identify particular browsers or devices when the access the service, and is used for security reasons.
    LoginThis is necessary to sign in to the HubPages Service.
    Google RecaptchaThis is used to prevent bots and spam. (Privacy Policy)
    AkismetThis is used to detect comment spam. (Privacy Policy)
    HubPages Google AnalyticsThis is used to provide data on traffic to our website, all personally identifyable data is anonymized. (Privacy Policy)
    HubPages Traffic PixelThis is used to collect data on traffic to articles and other pages on our site. Unless you are signed in to a HubPages account, all personally identifiable information is anonymized.
    Amazon Web ServicesThis is a cloud services platform that we used to host our service. (Privacy Policy)
    CloudflareThis is a cloud CDN service that we use to efficiently deliver files required for our service to operate such as javascript, cascading style sheets, images, and videos. (Privacy Policy)
    Google Hosted LibrariesJavascript software libraries such as jQuery are loaded at endpoints on the googleapis.com or gstatic.com domains, for performance and efficiency reasons. (Privacy Policy)
    Features
    Google Custom SearchThis is feature allows you to search the site. (Privacy Policy)
    Google MapsSome articles have Google Maps embedded in them. (Privacy Policy)
    Google ChartsThis is used to display charts and graphs on articles and the author center. (Privacy Policy)
    Google AdSense Host APIThis service allows you to sign up for or associate a Google AdSense account with HubPages, so that you can earn money from ads on your articles. No data is shared unless you engage with this feature. (Privacy Policy)
    Google YouTubeSome articles have YouTube videos embedded in them. (Privacy Policy)
    VimeoSome articles have Vimeo videos embedded in them. (Privacy Policy)
    PaypalThis is used for a registered author who enrolls in the HubPages Earnings program and requests to be paid via PayPal. No data is shared with Paypal unless you engage with this feature. (Privacy Policy)
    Facebook LoginYou can use this to streamline signing up for, or signing in to your Hubpages account. No data is shared with Facebook unless you engage with this feature. (Privacy Policy)
    MavenThis supports the Maven widget and search functionality. (Privacy Policy)
    Marketing
    Google AdSenseThis is an ad network. (Privacy Policy)
    Google DoubleClickGoogle provides ad serving technology and runs an ad network. (Privacy Policy)
    Index ExchangeThis is an ad network. (Privacy Policy)
    SovrnThis is an ad network. (Privacy Policy)
    Facebook AdsThis is an ad network. (Privacy Policy)
    Amazon Unified Ad MarketplaceThis is an ad network. (Privacy Policy)
    AppNexusThis is an ad network. (Privacy Policy)
    OpenxThis is an ad network. (Privacy Policy)
    Rubicon ProjectThis is an ad network. (Privacy Policy)
    TripleLiftThis is an ad network. (Privacy Policy)
    Say MediaWe partner with Say Media to deliver ad campaigns on our sites. (Privacy Policy)
    Remarketing PixelsWe may use remarketing pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to advertise the HubPages Service to people that have visited our sites.
    Conversion Tracking PixelsWe may use conversion tracking pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to identify when an advertisement has successfully resulted in the desired action, such as signing up for the HubPages Service or publishing an article on the HubPages Service.
    Statistics
    Author Google AnalyticsThis is used to provide traffic data and reports to the authors of articles on the HubPages Service. (Privacy Policy)
    ComscoreComScore is a media measurement and analytics company providing marketing data and analytics to enterprises, media and advertising agencies, and publishers. Non-consent will result in ComScore only processing obfuscated personal data. (Privacy Policy)
    Amazon Tracking PixelSome articles display amazon products as part of the Amazon Affiliate program, this pixel provides traffic statistics for those products (Privacy Policy)