Remove Accommodation Remove Events Remove OTA Remove Overbooking
article thumbnail

What is a hotel overbooking strategy? +4 ways to avoid overbookings

Cloudbeds

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?

article thumbnail

A Concise Guide to Hotel Inventory Management

Inn Quest

By implementing an inventory tracking system, hotels can minimize underbooking, reduce overbooking risks, set competitive prices and provide a seamless guest experience, ultimately leading to increased revenue and improved operational efficiency. Meeting and Event Spaces: Many hotels have conference rooms, banquet halls and event spaces.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Long N Joy serviced apartment boosts short and long term bookings with Little Hotelier

Little Hotelier

Our accommodations are now professionally run. Integration of Little Hotelier’s channel manager and booking engine help the property control everything in one place For serviced apartments like Long N Joy, using a channel manager is crucial to help the accommodation to distribute rooms for sale on multiple channels.

article thumbnail

Chatrium Hotels & Residences “revolutionise” operations and find success with SiteMinder

SiteMinder

From exquisite rooms, amazing dining options, and fabulous event venues, Chatrium is truly a premium accommodation choice. Our constant struggle has been efficiently managing availability, inventory, task management, and online travel agencies (OTAs),” said Pawarisa. We wish you all the best for the future.

article thumbnail

Hotel peak season: Strategies for small hotels

Little Hotelier

Make more money during peak season with direct bookings OTAs charge a 15-25% commission fee on every booking. hotels should consider a number of local factors, such as the climate, local holidays and events, school terms and target guests. However, overbooking means that you risk double booking, which is not worth the risk.

article thumbnail

The beginner’s guide to hotel room price optimization

Cloudbeds

Given the stratospheric rise of online bookings, in tandem with online travel agencies (OTAs) and metasearch sites , the hotel pricing and distribution environment began evolving at an extraordinary pace, and more agile pricing strategies transitioned from a nice to have to an essential instrument. Maximizing occupancy.

Revenue 52
article thumbnail

Best hotel sales software to consider this year

Little Hotelier

Features Streamlined booking management : Little Hotelier’s intuitive system simplifies booking and reservation management for small hotels, ensuring easy tracking of availability and confirmations, thus minimising overbooking and enhancing guest check-in experiences.