In the context of hospitality industry, a commission refers to a percentage of the total revenue earned by a hotel or property that is paid to third-party booking platforms or travel agents for facilitating reservations. These commissions are typically negotiated between the hotel and the booking platform or travel agent and are a common practice in the industry to attract guests and increase bookings.
What is a commission in the hospitality industry?
A commission in the hospitality industry is a fee paid by hotels or properties to third-party booking platforms or travel agents for facilitating reservations.
How are commissions negotiated between hotels and booking platforms/travel agents?
Commissions in the hospitality industry are often negotiated between hotels and booking platforms or travel agents and are typically based on factors such as booking volume, length of stay, and the services provided by the platform or agent.