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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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Mastering Overbooking in Hotels: Strategies, Benefits, and Best Practices

Hotelogix

The hospitality industry is well acquainted with the concept of hotel overbooking. When refusing customers becomes inevitable due to overbooking, it leads to poor customer experience and a negative brand image. This is one of the crucial points to consider while devising overbooking policy in hotels.  

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Hotel overbookings: What are the pros and cons and how can you make the most of an overbooking strategy?

SiteMinder

Hotel overbookings can be a divisive topic. However, you can minimise the risk of having to walk travellers if you have a solid overbooking strategy. However, you can minimise the risk of having to walk travellers if you have a solid overbooking strategy. What is the definition of overbooking for a hotel?

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Neera Retreat succeeds in brand mission and revenue growth with SiteMinder

SiteMinder

We had to navigate through the extranets of each channel, often leading to overbooking or missed revenue opportunities,” she explained.

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Ramada by Wyndham – Ahmedabad unlocks its online bookings potential with STAAH

STAAH

The Indian hotel no longer struggles with the aftermath of manual inventory and rate management, including overbookings and loss of staff efficiency. This activity was time-consuming for the team and opened the door to issues such as unintentional overbooking or lost revenue due to delayed rate updates.

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STAAH channel manager a game changer for The Greenwood Hotel, Beltola

STAAH

The Greenwood Hotel, Beltola is a boutique hospitality brand that echoes the traits of an evergreen forest, humbly opens the gateway to the largely unexplored lands of the Seven Sisters of Northeast India, where natural wonders and vibrant traditions abound.

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OTA & Direct Booking: Finding The Right Balance

STAAH

This also helps foster brand loyalty. Channel management: Use a channel manager to synchronise availability and rates across all distribution channels, reducing the risk of overbooking and ensuring rate parity. Striking a balance Where OTAs are the volume drivers, direct is the profit pilot.

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