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Can’t Sell That Hotel Reservation? Sell it online

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Cancelon founders Omer Granot and Efrat Kaul
Cancelon founders Omer Granot and Efrat Kaul
Two Israeli startups, Roomer and Cancelon, help find a buyer for your cancelled room reservation so you won’t lose on fees and no-refund deals.

If you have to cancel a hotel reservation and stand to lose money, two Israeli startups will help you find a buyer more than happy to take the reservation off your hands.

Both Roomer and Cancelon arose from the same situation: Out of every 100 hotel reservations in the United States alone, six incur a cancellation fee for a last-minute change of plans. Plus, many discounted advance reservation deals are non-refundable.

These online services, which differ from one another slightly in the details, help the reservation-holder recoup losses; offer buyers attractive deals on rooms even in fully booked hotels; and boost occupancy rates in hotels.

“We are proving the concept that there are enough cancellations every day to create this market,” says Gon Ben-David, 26, co-founder of Roomer. “It happens all the time 86 million times per year in the US,” he tells ISRAEL21c.

Like many good ideas, Roomer and Cancelon both started from personal experience.

To read the rest of this article on Israel 21C, visit: http://israel21c.org/technology/cant-use-that-hotel-reservation-sell-it-online/

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