How Do You Spell BEDBANKS?

Pronunciation: [bˈɛdbaŋks] (IPA)

Bedbanks, often used in the travel industry, is a term for companies that provide hotel inventory and accommodation bookings for travel agencies. The word is spelled with the phonetic transcription /bɛd.bæŋks/, which breaks down into two parts: "bed" and "banks." The first part, "bed," is spelled as it sounds and refers to the primary product provided by the companies - hotel rooms. The second part, "banks," is spelled with a "b" instead of "v" to emphasize the banking aspect of the business which handles transactions and payments.

BEDBANKS Meaning and Definition

1. Bedbanks are online intermediaries or wholesalers that facilitate the reservation of hotel rooms for travel agencies and other travel-related businesses. They serve as a bridge between hotels and travel agencies, providing them with a wide inventory of hotel rooms at discounted prices.

   A bedbank acts as an aggregator of hotel room rates and availabilities from various sources, including hotels, hotel chains, and other suppliers. They negotiate contracts and establish relationships with these suppliers to secure bulk rates and allotments of rooms. By doing so, bedbanks can offer travel agencies and other affiliated businesses the chance to access a large variety of hotel accommodations at competitive prices.

   Bedbanks typically operate through an online platform or reservation system where travel agents can search and book hotel rooms based on their clients' requirements. These platforms often provide detailed information about the hotels, including facilities, amenities, and room types, allowing travel agents to compare options and choose the most suitable accommodation for their clients.

   In addition to providing access to a wide range of hotel options, bedbanks offer additional services such as customer support, payment processing, and reservation management. They streamline the booking process for travel agencies, helping them save time and effort while ensuring a seamless and efficient experience for their customers.

   Overall, bedbanks play a crucial role in the travel industry by facilitating the booking process for travel agencies and offering a diverse range of hotel inventory at competitive rates.

Common Misspellings for BEDBANKS

• vedbanks
• nedbanks
• hedbanks
• gedbanks
• bwdbanks
• bsdbanks
• bddbanks
• brdbanks
• b4dbanks
• b3dbanks
• besbanks
• bexbanks
• becbanks
• befbanks
• berbanks
• beebanks
• bedvanks
• bednanks
• bedhanks
• bedganks

Etymology of BEDBANKS

The word "bedbanks" is a compound noun derived from two words: "bed" and "banks".

- "Bed" refers to a piece of furniture used for sleeping or resting. It can be traced back to the Old English word "bedd" and further to the Proto-Germanic word "*badjam".

- "Banks", in this context, is not related to a financial institution but rather refers to a reservoir or storage place. The term comes from the Old Norse word "bakki", meaning "a bank or hillside". It later entered the English language and took the form "bank".

In the travel industry, "bedbanks" specifically refers to companies or organizations that act as intermediaries between hotel suppliers and travel agents or online booking platforms. They collect and store hotel inventory, offering availability and rates to travel sellers.