STAAH

FEBRUARY 6, 2024

Overbooking can be a cost-effective strategy if implemented correctly. What is a hotel overbooking strategy? The hotel overbooking strategy is a revenue management technique that hotels use to maximise occupancy and revenue. Tips to make your overbooking strategy a success 1) Be data-driven in your approach.

Overbooking 89

Overbooking Cancellation Upsell Revenue 89

Cloudbeds

AUGUST 21, 2023

Overbookings can be stressful for the front desk and the guest, but you can manage them with ease if you have a proper plan in place. While for some hoteliers it’s best to avoid overbookings altogether, for others, a good strategy can increase revenue, improve the occupancy rate and mitigate losses. What is an overbooking strategy?

Overbooking 98

Overbooking Cancellation Occupancy OTA 98

Inn Quest

OCTOBER 17, 2023

Overbooking is a common problem in the hospitality industry, causing major issues for both – hoteliers and guests. Striking the perfect balance between fully booked rooms and avoiding overbooking can be a challenging task. This is why our guide discusses how to avoid overbooking in hotels. Why Do Hotel Overbookings Happen?

Overbooking 88

Overbooking Cancellation Forecasting Occupancy 88

Social Tables

SEPTEMBER 21, 2023

Although you may not have considered those occasions “events” at the time, that’s precisely what they were, and restaurants host more of them than we think. As the demand for private events grows and booking windows get shorter, more customers are looking for restaurant event spaces that meet their needs.

Events 88

Events Dining Services Accommodation 88

Little Hotelier

FEBRUARY 5, 2024

This feature helps streamline the booking process, reducing the risk of overbooking and ensuring a smooth check-in experience for guests. Learn more AdobeBooking AdobeBooking is an accommodation booking system that offers a “one-stop-shop to simplify your hotels’ booking operations”. Cancel anytime.

Management 59

Management Overbooking OTA Accommodation 59

Little Hotelier

OCTOBER 11, 2023

hotels should consider a number of local factors, such as the climate, local holidays and events, school terms and target guests. If it’s an event of some kind, you can include tickets to the event in the room rate, as well as transport to and from the event. Learn more When is peak travel season for hotels?

Maximum Length of Stay 52

Maximum Length of Stay Minimum Length of Stay Overbooking Occupancy 52

Xotels

APRIL 3, 2024

Key factors considered in market segmentation include length of stay , day-of-week stays, total revenue per room , total revenue per client, booking lead time, cancellation percentage, and no-show ratio. This information enables revenue managers to strategically target specific holidays or events with tailored offers and packages.

Revenue Management 76

Revenue Management Revenue Management Ancillary Revenue 76