OTA Hotel Bonanza is to stop charging hotels commission rather than the 8% it was charging, is expanding into other services such as flights, transfers, car rental and insurance (which will attract commission), and is seeking investment of £4.5 million over three rounds. Accommodation providers can themselves invest as little as £100 into the project, at a reduced valuation.

Hotels won’t pay to list on the site if they pledge not to advertise rooms cheaper elsewhere and offer Hotel Bonanza customers a 5% discount. The platform also hosts its Bonanza Club which gives logged-in members access to special Hotel Bonanza rates, and gives hotels the opportunity to offer further incentives and discounts to members to encourage bookings.

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