Singapore-based online travel portal, Traveliko, has ambitions of ‘fixing the industry’ with the announcement of a zero-commission policy to support hotels and reconnect them with guests.

For more than three years, Traveliko has been developing and testing a new approach to improve the way travellers book hotel rooms and make the booking experience ‘simply awesome’. The OTA platform was created by a group of professionals in hospitality who saw hotel profits being squeezed due to high commissions of up to 35% being paid to big Online Travel Agencies (OTAs).

We simplified the relationship between customers and service providers for the benefit of both parties,” said Yann Gouriou, Traveliko’s co-founder and chief operations officer.

“We work directly with hotels to guarantee the best available rate, and we have replaced commissions with a subscription model that provides hotels with a free listing for up to 100 bookings per month, supplemented by a range of premium options for a modest fee.”

“Our zero-commission policy means hotel owners and management companies now have access to an efficient high-value booking solution. The more hotels that come on board, the stronger Traveliko becomes, and the closer we get to fixing the industry,” explained Bjorn Harvold, one of Traveliko’s co-founders and the technical mind behind the free booking engine.

The company’s mission is to go beyond standardised product and service distribution to reconnect hotels with their guests.

Harvold is also working on solving one of the biggest headaches in the travel industry – expensive and time-consuming cross-border payments. Through the help of other travel tech companies, the disruptive OTA has developed a new payment platform using Blockchain technology to facilitate fast, easy, and cheaper money transfers.

“By offering a fast, free and effective booking engine that works with a wide spectrum of hospitality services we can challenge outdated approaches to the travel business and make Traveliko the ‘go to’ place for the best member rates and other value-added services,” added Harvold.

This new commercial philosophy requires a strong commitment to change, from hotel owners and their management teams. The model has already attracted a number of hotels to the platform, including global brands, boutique chains and independent properties.

Hotels interested in joining the zero-commission movement can visit Traveliko at https://hotelier.traveliko.com.