MyGuestHouse.net, an online travel solutions portal that focuses on budget accommodations has touched the 3000 mark in terms of the number of budget properties available on the site, with over 90% of the properties being priced under Rs 3000, reports The Economic Times. The company now intends to increase the number of total properties available to 12,000 by next year.

We feel that by focusing on budget properties, the site targets the needs of budget travelers, specially corporate and business travelers who look for service apartments and guest houses or bread and breakfast establishments, filling a void that is not addressed by mainstream online travel agents, at the moment.

Offering For Travelers

Besides offering a hotel search feature that allows users to filter their search on the basis of cost, room requirements and locality apart from category of hotels which includes 2 and 3 star hotels, cottages, heritage properties, budget properties, service apartments and others, it also lists top-rated and recently added properties.

The portal also offers flight bookings, and holiday packages. It also curates travelogues from users, which is rather interesting. As a part of a promotional campaign, the website is currently offering a cash prize for writing travelogues.

For Property Owners & Franchisees

The site allows registered hoteliers to manage their inventory distribution along with updating their inventory in real time. The website allows the property owners to get online bookings from their websites and travel agents through its own property management system.

The company is planning to expand its operations and intends to recruit franchisees, based on a commission model, wherein franchisees get their own portals and get revenue through advertisements, annual subscriptions from owners of budget properties, by selling package tours and also through cab bookings.

Founded in 2009 by by Varun Chawla and Jitender Arora, who invested nearly Rs 1.25 crore in the venture, MyGuestHouse.net had also received angel funding of $100,000 in October 2010.

Monetization

The website has a ‘Sponsored’ listings section, offering greater visibility to properties on its homepage. Besides commission on each booking, which the site owners claim are minuscule, MyGuestHouse offers packages to hotel owners to build their custom websites for a subscription charge.

Suggestions:

– Why not offer budget holidays, targeting leisure travelers who don’t want to spend more. The website should include more travel packages, across various categories, if it wants to compete with the well entrenched players in this space such as Yatra, MakeMyTrip and ClearTrip.

– It should not restrict itself to flight ticket bookings and extend travel bookings to rail and bus. Perhaps it could also integrate a cab booking engine, or just partner with someone like Olacabs or GetMecab.

– Although we were able to find user ratings for different hotels and properties, what it lacks is user reviews.

With Inputs from Anupam Saxena