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m →Hotel Reservations : The reservation provider [http://www.tingo.com/ Tingo] reserves refundable rates again if the price of the offer drops until the arrival, thus creating an automatic money-back guarantee. |
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More usual commission payments are in the range of eight percent to ten percent, but rate plans without any commission do also exist; travel agents can add their own fee for the customer when selling such rates.
[[w:de:Hotel_Reservation_Service|HRS]] and some other offerers offer customers non-committal reservations as the norm.
Because the hotel does not know whether a room will be occupied or the house will be full with this reservation type one could use a special rate plan here that compensates the risk via the price.
A recent development in the hotel industry is that hotels offer a nonrefundable rate and a rate with free cancellation where the rate with free cancellation has usually a 10% higher price. Non-committal reservations should, of course, at least require rates with free cancellation.
The distinction between rate plans that can only be used for binding or non-binding bookings exists but a systematic compensation for the risk via the price is not always made.
The reservation provider [http://www.tingo.com/ Tingo] reserves refundable rates again if the price of the offer drops until the arrival, thus creating an automatic money-back guarantee.
There is also a market for selling hotel reservations through web portals of third parties; some airlines and railway companies, for instance, are good customers of hotel reservation providers.
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