Skip to main content

OTA-Hotel Reconciliation | Process

Reconciliation of Online Bookings | Reconciliation of OTA Bookings

OTAs provide customers two modes of payment to Book their rooms online i.e., Pay At Hotel and Pay Now.

Let's see how does reconciliation happen between the hotel and the OTAs in each of the above mentioned cases.

Reconciliation in case of Pay At Hotel Bookings
Let's take an example here.
Suppose the contract between a Hotel and the OTA is in the ratio of 80:20. It means that if a booking gets made at Rs 1000 then the hotel share on the booking will be Rs 800 and the OTA share on the booking will be Rs 200.

Reconciliation in Case of Pay At Hotel Booking happens as follows:

Guest NameBooking AmountHotel ShareOTA ShareAmount Collected by HotelAmount Collected by OTA
John10008002008000
Thomas2000160040016000
Total3000240060024000

This means that at the end of the month whenever the reconciliation happens, the hotel is liable to pay the OTAs their share of money. In this case the hotel will pay Rs 600 to the OTA!


Reconciliation in Case of Prepaid Booking happens as follows:

Guest NameBooking AmountHotel ShareOTA ShareAmount Collected by HotelAmount Collected by OTA
John100080020001000
Thomas2000160040002000
Total3000240060003000

This means that at the end of the month whenever the reconciliation happens, the OTA is liable to pay the Hotel their share of money. In this case the OTA will pay Rs 600 to the Hotel !





Labels:

Comments

Post a Comment

Post Your Query Here....

Popular posts from this blog

Generating Revenue | How to Improve a Hotel OTA Listing

How to Improve a Hotel OTA Listing Listing a hotel on OTAs is not that difficult but to generate business out of that listing is a skill. Virat some very smart improvements that need to be done in hotel OTA Listing in order to generate revenue. Content score Or Property Page Score  The contents for the property page score basically indicates how well the setup of the property listing on the OTA has been done. Ideally the contents score should be 100 percent. Image score Image quality score indicates the quality of photos that have been uploaded on the OTA listing. Quality score Some notice require the hotel owner to maintain a 70 Plus quality score. In hotels like MakeMyTrip and Goibibo if if a hotel has quality score more than 70% it means the hotel owner has good engagement with the extranet i.e., the hotel owner uses the expanded very frequently. Amenities and facilities Hotel owner should ensure that all the amenities and facilities that the hotel offers are updated properly. T...
Post a Comment
Read more

Payment Methods in OTAs | Prepay and Pay At Hotel Options

 OTAs which allow Pay At Hotel payment mode to the Hotel Owners There are lots of hotels in the market and some of them provide Pay at hotel options to custimers for booking a hotel room, some provide only Prepaid options and some Provide Pay at hotel as well as Prepaid options both as per the hotel owner's descretion. Lets learn about some such OTAs. OTAs which offer Pay At Hotel option to guests 1. Booking.com 2. Expedia 3. Agoda OTAs which strictly offer Prepaid option to guests 1. MakeMyTrip.com 2. GoIbibo.com 3. AirBnb OTAs which offer Prepaid as well as Pay At Hotel option to guests 1. MakeMyTrip.com - Hotel owner acn offer Prepaid as well as Pay at Hotel option, both to the customers. 2. GoIbibo.com - Hotel owner acn offer Prepaid as well as Pay at Hotel option, both to the customers.
Post a Comment
Read more

Getting Your Hotel Listed on OTAs Part 2 - MakeMyTrip.com | Procedure

   How to List a Hotel on MakeMyTrip.com MakeMyTrip is one of the most popular OTA in India. There are thousands of hotels, homestays and resorts listed on MakeMyTrip.com and a huge number of Customers use it to book their hotel rooms on a daily basis. Unlike Booking.com, listing a hotel on MakeMyTrip is little difficult as it needs a hotel owner / operator to furnish a significant number of documents to MakeMyTrip too. A hotel owner can list their hotel on MakeMyTrip.com using the following steps. 1. Make an account / register on in.goibibo.com. 2. Choose the type of property you are listing. You need to choose it from various options available i.e., Hotel, Resort, Homestay, House Boat etc. 3. Fill in all the details of the hotel like how many rooms does it have, how many categories does it have. 4. Mention Hotel address and add hotel location in the map and save it. 5. Add apealing photos of your property, room level photos as well as property level photos. 6. Add all the Ho...
Post a Comment
Read more