How to Make Money with Booking.com: The Road to Success (2023)
Booking.com is a well-known website for booking trips that people from all over the world use. It has a wide reach, and the number of people who use it is growing all the time. This means that people who want to make money with it have a lot of options. Booking.com can help you make money, whether you’re a travel agent, a tour operator, or just someone who wants to turn their love of travel into a business.
We’ll look at the different ways you can make money with Booking.com in this article. We’ll look at how the platform works, what it has to offer, and how you can make the most of its features and tools. We’ll give you the information you need to get started, whether you want to make a little extra money or start a complete travel business.
Do you want to learn more about the ways to earn money with an affiliate program? Read it now
What is Booking.com?
Booking.com is an online service that lets travelers compare prices and book hotels, flights, and other travel-related services like car rentals and entrance fees. The website has millions of listings and can be used in 43 languages, so people from all over the world can quickly narrow down their options. One might wonder what makes Booking.com so special. Why is it used so often?
It is very popular because it has a lot of options and a website and app that are easy to use. Thanks to how easy it is to read about and compare different travel options, people can choose the one that fits them best in terms of cost, ease of use, and amenities. This saves customers time and effort, and if they book separate parts of their trip (like a flight, accommodations, etc.) through Booking.com, they can get even better deals.
When a customer chooses the flight or vacation package they want, they go to the checkout. Booking.com then sends them information about their travel reservation. The business can help customers if they need to change their reservations, just like a travel agency would. This means that you can enjoy all the benefits without having to worry about whether or not the services you hired are safe or reliable.
How Booking.com makes money?
Booking.com makes money by charging a commission on reservations made through its platform, just like traditional travel agencies do. Specifically, the site makes money in three ways. Some of these sources are commissions and booking fees, merchant fees, advertising fees, and referral fees. Let’s take on the three biggest ones one at a time.
Commissions and Booking Fees
Again, booking.com acts like a travel agency because they charge commissions and booking fees for reservations made directly through their platform with other travel providers. Depending on the type of property or service being booked, the commission is between 10 and 20% of the total cost of the booking.
Merchant Fees
Booking.com sometimes acts as the merchant in a travel transaction. Here, the client buys a travel package and pays Booking.com directly. Booking.com then sends the money to the travel agency. In this case, Booking.com keeps some of the money from the transaction.
Advertising and Referral Fees
Booking.com operates several travel websites where travelers can search and book various travel options such as hotels and car rentals. To get more visibility and attract potential customers, many travel agencies want to improve their position in search results or advertise on these websites. However, advertising comes at a cost and Booking.com, as the main platform hosting all these activities, receives the payment for the advertisements.
3 Ways to make money with Booking.com
Now that we know how the system works, it’s time to answer the big question: How does Booking.com make money? There are a lot of ways to make money on Booking.com, but we’ll give you a hand and tell you the three best ones right here.
Rent out your property on Booking.com
This type of business strategy is also called a “agency model” and is probably the most common way to go. If you own a vacation rental, like a vacation home or apartment, you can list it on Booking.com and rent it out to tourists to make money. Booking.com lets you make reservations online and acts as a middleman between travelers who want to book a room at your hotel, home, or rental and the people who can meet their needs.
It’s a great way to run a business because the deal is made directly between you and your customers. Booking.com is not a part of the agreement between your property and the guest, which is different from other websites that help people book hotels. So, you have full control over your prices and availability, and you can tell people more about your general policies, house rules, and what you have to offer.
The side that deals with transactions is also very open and fair. The guest will pay you the reservation rate when they check out, if not before. You and Booking.com have a contract for using the online reservation system, and you have to pay Booking.com a commission on all confirmed stays, non-refundable reservations, and partially refundable reservations made on our platform. Booking.com sends you a bill every month that breaks down the commission you owe to make sure there are no misunderstandings.
Booking.com doesn’t charge you any extra fees on top of the price you see. On Booking.com, the price you set is the price we show, unlike on other platforms where users have to pay extra fees. You don’t have to pay anything extra to sign up or be listed, and you only pay if we bring you business. No worries, indeed!
Become a Booking.com affiliate
Becoming an affiliate is another way for you to make money on the site. You can promote Booking.com on your website or social media pages, and if someone books a room through your referral link, you’ll get paid. You can join this platform’s affiliate network in a few ways, such as through Booking.com or one of the other affiliate networks.
Booking.com gives its affiliate partners links, banners, search boxes, and widgets to help them out. If you install them, your personal platform will grow and attract more users. This can be a huge advantage in the crazy world of online marketing and media presence.
Also, information about the affiliate commission is open to the public. Booking.com gives at least 25% of every booking its partners make to those partners. For example, if someone visits your blog, clicks on one of your affiliate links, books a room for €100, stays there, and pays for it, the hotel will get €15 and you will get 25% of that, or €3.75.
But keep in mind that the commission won’t start until you’ve booked the whole room. If a visitor only does a search, you might not get any commission.
Once you’ve earned at least €100, you can get your money back through a bank transfer or an online wallet service.
Work as a Booking.com property representative
You can become a property representative for Booking.com if you have great customer service skills. You’re the one who helps landlords with the listing process and answers questions from people who want to rent. This is when you answer emails and other messages from customers all over the world. It can also involve listening, giving feedback, and mediating between international guests to solve complicated problems over the phone, such as cancellations, requests, or travel advice.
Overall, a Booking.com property representative is expected to make sure that customers are treated well. Yes, it can be stressful, but it’s also very interesting and rewarding. Will you give it a try?
Tips for success with Booking.com
There are many ways to improve the outcomes when working with Booking.com in addition to choosing wisely. Let’s examine some of the most popular and efficient methods!
Offer a high-quality product or service
It’s important to offer high-quality goods or services. This can include things like a clean, comfortable space and great customer service.
When you do a good job, you get good feedback, which shows up in the Reviews section. More than anything else, you need reviews to run a short-term rental on a site like Booking.com. Booking.com is different from other review sites because only people who have stayed at the property can leave reviews. This means that all of the reviews are from real guests. This makes guests more likely to trust the place and gives them a chance to read real feedback. At traveler website builder you can easily use booking.com API.
Bottom line: Always do your best, so your customers will talk about how great you are and help you get more bookings, reviews, and new customers.
Respond quickly to inquiries and bookings
Getting back to questions and bookings quickly can help you get more bookings and boost the reputation of your platform. Everyone wants answers to their questions as soon as possible, especially when they are thinking about traveling and looking at their options. Leaving them in the dark is not a good idea at all. Make sure you don’t end up in that situation.
You might also want to think about using technology in addition to hiring more people. Using automated responses, like the chatbot “Booking Assistant,” for check-in, check-out, parking, and bed preference requests can save you a lot of time and make the guest experience better. Now you don’t have to worry about responding by hand!
Use good-quality photos
High-quality images can make your facility or service stand out and get more reservations. The photos you have will help travelers who are trying to picture and imagine what it will be like to stay at the lodging remember what they have to look forward to. But most people won’t check out your property before making a reservation. They’ll just look at the pictures you show them.
For example, if you have a pool, make sure to show it from many different angles. Include as many pictures as you can of all your rooms, the outside, the neighborhood, the amenities, and all the extras. Do you let pets stay at your place? Do you offer a drink when people arrive and a gift when they leave? Don’t be afraid to show off your best qualities.
Your pictures should also have tags that tell people what they are, like “living room,” “beach,” “pool,” “restaurant,” “breakfast,” etc. Add a good amount of tags, but not too many or too few.
Conclusion
Booking.com is a well-known website where you can make money by advertising travel services, renting out your home, or using your skills in customer service. No matter what you decide, remember that there are a lot of tips and tricks that can help you do well on the platform. We hope this article has helped you learn how to use Booking.com to your advantage.
