Source: http://www.provab.com/online-booking-system-hotelapis.html
Travel technology has undergone a whole lot of change. The online reservation software is one of the key elements developed by the travel technology companies. Implementation of online booking system has diminished the traditional concept of booking. Online booking system has become the keyword of travel domain across the globe. At present, online booking systems are most widely used for used for airline reservations, hotel & motel reservation, cab reservations and custom holiday packages. The benefits associated with the online booking system has made it more popular and demanding among the users. Getting to select from whole lot of choices is one of the most preferred by the travelers. More and more booking systems are also connecting the event booking XMLs as well. In a nutshell, online booking system is internet based booking system software, which can be accessed by users through the unique URL, services can be searched and bookings could do done.
There are many web services / hotel APIs, which can be seamlessly integrated to bring the best inventory at best price.
Related:Find Top Travel Portal Company
Hotel APIs
GDS
A GDS system will also provide the data for hotels, cars and cruise apart from flights. It also provides the information to various distributors and travel agencies working simultaneously round the world.
Related: Amadeus Global Distribution System
Why travel portals and online booking software are going for merchant accounts and mcommerce way?
A merchant account is a specific bank account intended to hold funds, received from credit and debit card sales through online payment interfaces on B2C travel software and Travel POS. If you’ve ever used your card and actually wondered where the funds just disappeared to, they went into a merchant account. When a customer pays for booking travel products using credit or debit card, money from his account is immediately transferred to the travel agent’s merchant account. From there, money will be transferred out to a normal business bank account through a standard protocol.
Regarding Author:
Author is a travel technology expert and has been involved in several online booking systems.
Resources:
http://www.provab.com/online-booking-system-hotelapis.html