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7 tips to make your overbooking strategy a success in 2024

STAAH

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.

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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?

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How To Avoid Overbooking In the Hotel Industry

Inn Quest

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?

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How to choose the Right Channel Manager for your Accommodation?

STAAH

By providing real-time updates , it ensures that all connected channels reflect the most accurate and up-to-date information , preventing overbooking or underbooking while maintaining rate parity. There are many channel managers on the market. Some are suited to small properties while others are robust enough to handle even large chains.

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8 Essential Features To Consider When Choosing a Revenue Management Solution for Your Hotel

STAAH

In the ever-evolving hospitality industry, staying competitive demands more than just offering great accommodations and service. Look for a solution that is scalable and flexible enough to accommodate the evolving needs of your business. Hoteliers need to employ smart strategies to optimize revenue and profitability.

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More bookings, less admin and fewer errors thanks to STAAH

STAAH

Rudraksh Club & Resort is the first and only to offer private, spacious, and luxurious accommodation in the holy city of Ujjain [Madhya Pradesh]. Strategically located on the banks of a river, it is the first choice of accommodation for most visitors to the city. This led to rate disparity, overbooking and inventory discrepancies.

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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. This prevents overbooking and rate disparities, enhancing the guest experience.