The basic idea is this business for sale is not competing with giant online travel agencies (OTA’s). The company iss a B2B Vacation Rental marketplace for Turned Away guests. According to most conservative research, Vacation Rentals, who use personal websites along OTA channels, are occupied 76% of the year.It means that 273 days of the year people who try to book are being turned away. There is no current solution to monetize these hard-earned leads that otherwise are lost.
Once vacation rental host know of a guest seeking accommodation, and have their contact details (i.e. name, email, phone number), he/she can open an auction through the website’s platform. If the referral converts to be a reservation then the referral publisher makes a commission.
The site uses a “Reverse Auction” model to get offers from hosts that are registered on the platform. As an agent, you can open an auction request (referral), enter your guest’s specific dates and requirements and set the maximum rate per night that you are willing to receive.
The site’s algorithm matches potential listings in real-time for a competitive price. Each offer is automatically sent to rental host or the guest with a booking link via text or email.
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