A new startup called Travtar launched out of the NewMe Accelerator’s Fall 2012 Demo Day last week to give people an extra safety net for those unused hotel bookings. Travtar, co-founded by Stavan Shah and Srishti Goyal in New Jersey, is an online marketplace that lets people buy and sell hotel reservations that have been booked in advance.
It sounds great for consumers, but what’s in it for hoteliers? Well, according to Shah and Goyal, it’s not actually an ideal situation for hotels to have hotel rooms that are empty, even if they’ve already been paid for. That’s because hotels make a lot of their revenue on things like minibars and hotel restaurants. So Travtar could be a system that is a win/win for both sides of the hospitality trade.