Remove Cancellation Remove Closing Remove Overbooking
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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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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. Some hoteliers love using this strategy to boost their revenue and protect their property from losing out due to last-minute cancellations. However, you can minimise the risk of having to walk travellers if you have a solid overbooking strategy. What happens when a hotel overbooks?

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Thoughtful Thursday: Optimize Room Allocation with STAAH Drip Feed Seamlessly

STAAH

What’s New: We have enhanced the Drip Feed functionality by incorporating the “Closed” option in the drop-down menu, it will be available at both the Base Rate and Channel Rate levels. If the property selects the “Closed” option, STAAH will send zero inventory to channels.

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Hotel revenue management: trends in a post Covid world

STAAH

One of the rising innovations taking off in hotel revenue management is the growing sophistication of overbooking controls, which provides hotels control over excess bookings and cancellations to fly as close as possible to 100 percent occupancy consistently.

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Difference between a Hotel PMS, Channel Manager, OTAs and Booking Engine

Hotelogix

Your front desk staff can use a Hotel PMS to accept, cancel, and modify reservations based on your guests’ requirements. Hotel night audit evaluates and closes daily cash flow into and out of the hotel’s account and it ensures the rollover from one business day to the next day. For example, you sell your rooms on 5 OTAs.

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Hotel peak season: Strategies for small hotels

Little Hotelier

Closed to arrival You apply closed to arrival dates when you have very high demand, so you expect to reach maximum occupancy through stay overs as opposed to new arrivals. Don’t overbook as a strategy Some accommodation providers deliberately overbook their rooms to anticipate cancellations.

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What is a channel manager? All you need to know

Cloudbeds

And even then, manually-managed distribution is risky: any delays in updating rates and availability on a channel’s extranet could mean selling a room that isn’t available or selling at a lower rate, which can lead to overbooking and sub-optimal yield management. The same happens with a cancellation.