Skift Take

The startups’ biggest challenges arr attracting enough users to populate the site and overcoming non-transferrable reservations and last-minute cancellations.

Every year, travellers worldwide throw away about $10 billion in pre-paid hotel bookings, and $7 billion in unused flights. Thankfully, in the past 12 months, three secondary market websites – similar to CraigslisteBayand StubHub — have debuted services that take some of the risk out of purchasing.

Selling unused flights and hotels is new – and a tad trickier. Because few people know about these young sites, they can sometimes feel like empty street markets. They’ve yet to attract a large number of buyers and sellers, a dynamic that can be self-perpetuating. It’s best to think of them as outlet stores for vacations and to dip into them for occasional bargain finds.

Subscribe to Skift Pro

Subscribe to Skift Pro to get unlimited access to stories like these ($30/month)

Subscribe Now

Tags: last-minute, reservation systems

Up Next

Loading next stories