Booking.com gets rates from other agencies

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In what could be a significant strategic development, Booking.com is now getting inventory and exclusive prices for hotels from other online travel agencies.

While it isn't clear if this is a fully fledged "marketplace"-type effort, Booking.com is featuring heavily discounted rates on some properties as part of a new service known as Booking.Basic.

The prices are included alongside existing rates from its own contracted inventory but come via third parties.

These rates have heavy restrictions on them, such as no special requests to the property, delayed confirmation, nonrefundable and no modifications to the reservation.

An official at Booking Holdings says Booking.Basic is currently a "test."
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Source: PhocusWire

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