June 13, 2012

Global Hotel Exchange launches


A worldwide hotel booking website going live today in 45 countries simultaneously, seeking to drive lowest prices by providing free reservation services for hotels.

Global Hotel Exchange is a new worldwide hotel booking website seeking to drive lowest prices by providing free reservation services for hotels. Global Hotel Exchange charges no merchant discounts, commissions or distribution fees of any kind to hotels.

“Current hotel room pricing is high, but the situation is not the fault of hotel owners,” Thomas Magnuson, Global Hotel Exchange CEO. “Hotels must add approximately 40% to the cost of each room sold on the biggest online booking websites.”

Global Hotel Exchange will utilize the best practices of worldwide exchange trading to benefit consumers with fast, simple and transparent hotel booking. ‘Market based pricing’ will provide direct hotel prices compared against true historic local market data so consumers can finally find out what ‘what should I be paying?’ Magnuson adds, “An exchange’s role is to facilitate discovery of a price credible and beneficial for all.”

Related Link: Global Hotel Exchange