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Benefits of a Quality
Online Booking Engine
Josh Wise
VP Business Development
About RezStream
• Established in 2005
• Located in Denver, Colorado
• 21 Employees
WHO WE ARE
• Software and Internet Services
• Independent Properties Only
• 100 Rooms or Less
WHAT WE DO
• Founders of RezStream Set the Tone
• Hire Passionate Professionals
• Education
WHY WE DO IT
About Me
• Married 5 years, Together for 19
• 4 Year Old Daughter
• Born and Raised in Denver
• Sports Enthusiast (Denver Broncos )
• 5 Years at RezStream
• Oversee Sales, Marketing and Support
• Tricked into Adopting a Foster Dog
• Love Helping People
Josh Wise
Overvie
w
Why You Are Here
• Interested to understand why an Online Booking Engine will
help your business
• You want to re-evaluate your current Booking Engine to
determine if it’s relevant to the market place
Overvie
w
What We Will Cover
1. What is an online booking engine
2. How will an online booking engine benefit your property
3. Various calendar options
4. Required Booking Engine features guests expect
5. Reporting and tracking options
6. Varying pricing models
Overview
What is an Online Booking Engine?
• An application which helps the travel industry support reservations
through the Internet
How it Works
• A booking engine is installed on the properties website, allowing guests
the ability to search available room inventory based on specific dates
Stats
• 148.3 million travel bookings are made on the internet each year
• Internet travel booking revenue has grown by more than 73% over the past five
years
• 57% of all travel reservations are made on the Internet
• More than 40% of online traffic related to travel queries now comes from
mobile devices
• 65% of same day hotel reservations are made from a smartphone
• 39% of online bookings are made outside normal office hours (8am to 5pm)
• A typical travel shopper will visit 22 websites in “multiple shopping sessions”
before booking a trip *Research sources: eTrack, eMarketer, Alexa.com
Travel Booking Statistics
Facts
• Provide convenience for your guests
• Increase reservations/revenue (57% of bookings made online)
• Reduces the need for additional employees
• Improving customer service for your onsite guests
How an Online Booking Engine Helps Your Business
Them
ePoor Transition to a Booking
Them
e
Seamless Transition to a Booking
Calendar
OptionsQuick Booking Widget Option
• Ideal for everyone
• Located on every page of your
website
• Located “above the fold”
• Ideal for repeat guests, immediate
decision makers
Vertical
Horizontal
Calendar
Options
• Preferred by B+B’s
• Located in main navigation
under Reservations or Book
Online tabs
• Located on accommodations
overview pages
• Located on unit detail pages
2 Week Calendar Option
Calendar
Options2 Month Calendar Option
• Preferred by properties with room
types and those with a lot of
inventory options
• Located in main navigation under
Reservations or Book Online tabs
• Located on accommodations
overview page
• Located on unit detail pages
Calendar
OptionsIndividual Unit Calendar Option
• Preferred by properties with unique
individual units and those with
individual unit detail pages
• Located only on individual detail
pages
Features
Flexibility of Unit Choices
• See available units based on search
dates
• See unavailable units based on same
search date
• Filter units based on pricing or
capacity
Features
• Guests can filter their
accommodations search by desired
amenity
• This feature can be toggled on or off
Searchable Amenities
Features
Additional Revenue Options
• Offer packages and/or POS items to the reservation
Features
Terms & Conditions Agreement
• Protect yourself against the bad
guests
• Define your rules
• Explain your deposit policy
• Set your cancellation policies
• Outline your rules on
children/pets/etc.
Features
Billing and Payment Information
• Collect contact information
• Name
• Address
• Phone
• Email
• Custom Field(s)
• Collect billing information
• 2-Way integration with PMS
Features
Booking Engine
PMS GDS
TripAdvisor
TripConnect
Gift
Certificates
Connectivity with Online Booking Engine
FeaturesAdditional Revenue Generators
Facebook Mobile Booking Engine TripAdvisor TripConnect
FeaturesCustomized to Your Needs
• Minimum night stay
• Promotional codes
• Multiple rates
• 2-Way connection of availability and bookings
• Online bookings automatically populate within reservation
software
Reservation Software Integration
Reporting and Tracking ROI
• Track all online bookings
• Integration with Google Analytics for revenue tracking by
source/keyword
Features
Client Provides: Vendor Provides:
Room, Rates, Taxes Booking Engine Creation
Room Descriptions Custom Theme to Match Website
Room Pictures Delivery of Booking Engine Link
Property Policies / Terms and Conditions Mobile Booking Engine
Deposit Structure Training on the Booking Engine
Installing Booking Engine Links on Website GA Account ID
Booking Engine Setup Steps
Setup
• Typically a setup fee is required
• Or setup fee is rolled into your monthly PMS/Support fees
• Most relevant option is an ongoing monthly fee for unlimited
bookings
• Flat fee per booking
• Percentage of the booking
Booking Engine Fees
Fees
• Inclusive packages
• Repeat guest login
• Ability to modify/cancel a booking
• Multiple Currency
• Multiple Languages
On the Radar
Future
Last Slide
Yippee
Thank you for your time. We appreciate the
opportunity to share insight related to Online
Booking Engines.
Reach Us
Phone: 866-360-8210 x1
Email: josh.wise@rezstream.com
www.rezstream.com

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Benefits of an Online Booking Engine

  • 1. Benefits of a Quality Online Booking Engine Josh Wise VP Business Development
  • 2. About RezStream • Established in 2005 • Located in Denver, Colorado • 21 Employees WHO WE ARE • Software and Internet Services • Independent Properties Only • 100 Rooms or Less WHAT WE DO • Founders of RezStream Set the Tone • Hire Passionate Professionals • Education WHY WE DO IT
  • 3. About Me • Married 5 years, Together for 19 • 4 Year Old Daughter • Born and Raised in Denver • Sports Enthusiast (Denver Broncos ) • 5 Years at RezStream • Oversee Sales, Marketing and Support • Tricked into Adopting a Foster Dog • Love Helping People Josh Wise
  • 4. Overvie w Why You Are Here • Interested to understand why an Online Booking Engine will help your business • You want to re-evaluate your current Booking Engine to determine if it’s relevant to the market place
  • 5. Overvie w What We Will Cover 1. What is an online booking engine 2. How will an online booking engine benefit your property 3. Various calendar options 4. Required Booking Engine features guests expect 5. Reporting and tracking options 6. Varying pricing models
  • 6. Overview What is an Online Booking Engine? • An application which helps the travel industry support reservations through the Internet How it Works • A booking engine is installed on the properties website, allowing guests the ability to search available room inventory based on specific dates
  • 7. Stats • 148.3 million travel bookings are made on the internet each year • Internet travel booking revenue has grown by more than 73% over the past five years • 57% of all travel reservations are made on the Internet • More than 40% of online traffic related to travel queries now comes from mobile devices • 65% of same day hotel reservations are made from a smartphone • 39% of online bookings are made outside normal office hours (8am to 5pm) • A typical travel shopper will visit 22 websites in “multiple shopping sessions” before booking a trip *Research sources: eTrack, eMarketer, Alexa.com Travel Booking Statistics
  • 8. Facts • Provide convenience for your guests • Increase reservations/revenue (57% of bookings made online) • Reduces the need for additional employees • Improving customer service for your onsite guests How an Online Booking Engine Helps Your Business
  • 11. Calendar OptionsQuick Booking Widget Option • Ideal for everyone • Located on every page of your website • Located “above the fold” • Ideal for repeat guests, immediate decision makers Vertical Horizontal
  • 12. Calendar Options • Preferred by B+B’s • Located in main navigation under Reservations or Book Online tabs • Located on accommodations overview pages • Located on unit detail pages 2 Week Calendar Option
  • 13. Calendar Options2 Month Calendar Option • Preferred by properties with room types and those with a lot of inventory options • Located in main navigation under Reservations or Book Online tabs • Located on accommodations overview page • Located on unit detail pages
  • 14. Calendar OptionsIndividual Unit Calendar Option • Preferred by properties with unique individual units and those with individual unit detail pages • Located only on individual detail pages
  • 15. Features Flexibility of Unit Choices • See available units based on search dates • See unavailable units based on same search date • Filter units based on pricing or capacity
  • 16. Features • Guests can filter their accommodations search by desired amenity • This feature can be toggled on or off Searchable Amenities
  • 17. Features Additional Revenue Options • Offer packages and/or POS items to the reservation
  • 18. Features Terms & Conditions Agreement • Protect yourself against the bad guests • Define your rules • Explain your deposit policy • Set your cancellation policies • Outline your rules on children/pets/etc.
  • 19. Features Billing and Payment Information • Collect contact information • Name • Address • Phone • Email • Custom Field(s) • Collect billing information • 2-Way integration with PMS
  • 21. FeaturesAdditional Revenue Generators Facebook Mobile Booking Engine TripAdvisor TripConnect
  • 22. FeaturesCustomized to Your Needs • Minimum night stay • Promotional codes • Multiple rates
  • 23. • 2-Way connection of availability and bookings • Online bookings automatically populate within reservation software Reservation Software Integration Reporting and Tracking ROI • Track all online bookings • Integration with Google Analytics for revenue tracking by source/keyword Features
  • 24. Client Provides: Vendor Provides: Room, Rates, Taxes Booking Engine Creation Room Descriptions Custom Theme to Match Website Room Pictures Delivery of Booking Engine Link Property Policies / Terms and Conditions Mobile Booking Engine Deposit Structure Training on the Booking Engine Installing Booking Engine Links on Website GA Account ID Booking Engine Setup Steps Setup
  • 25. • Typically a setup fee is required • Or setup fee is rolled into your monthly PMS/Support fees • Most relevant option is an ongoing monthly fee for unlimited bookings • Flat fee per booking • Percentage of the booking Booking Engine Fees Fees
  • 26. • Inclusive packages • Repeat guest login • Ability to modify/cancel a booking • Multiple Currency • Multiple Languages On the Radar Future
  • 27. Last Slide Yippee Thank you for your time. We appreciate the opportunity to share insight related to Online Booking Engines. Reach Us Phone: 866-360-8210 x1 Email: josh.wise@rezstream.com www.rezstream.com