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

eZee Absolute

OCTOBER 16, 2023

This not only made day-to-day operations more complicated and time-consuming but also restricted the resort’s capacity to expand its business. Increased Bookings and Revenue: eZee’s reservation management system eliminated the chaos of overbookings and cancellations, leading to increased bookings and improved revenue.

Resorts 52

Resorts Tourism Fair Share Operations 52

Xotels

JANUARY 18, 2021

It allows you to target and market to a variety of consumer groups with different behaviour with an offer that matches their needs and budget level. Cancellation %. Overbooking (from another hotel). One of the components needed to apply a hotel revenue management is market segmentation. What is Hotel Market Segmentation?

Hotel Marketing 40

Hotel Marketing Market Marketing Revenue Management 40

Social Tables

SEPTEMBER 21, 2023

What are your event cancellation policies ? Overbooking: Double-booking or overbooking restaurant event spaces can increase staff stress and decrease customer service. Overserving: Venues are responsible for the alcohol guests consume at their establishment. Establish booking policies for restaurant event spaces.

Events 88

Events Dining Services Accommodation 88

SiteMinder

OCTOBER 20, 2022

Quite simply, before Airbnb hotels did not consider listing their inventory on short-term rental platforms: they expected the consumer to make a decision about whether they wanted a hotel or a rental before going to search for precisely that. 9flats has a similar focus on renting and staying in someone else’s apartment.

Average Length of Stay 52

Average Length of Stay Hotels Accommodation Management 52

Inn Quest

AUGUST 15, 2023

Hotels face a daunting challenge as travelers seek convenience and competitive prices: how to efficiently manage their room inventory across multiple online distribution channels while maintaining real-time updates and avoiding overbooking. Maximize your occupancy and avoid overbookings by centralizing your inventory and pricing.

Management 52

Management Global Distribution System Overbooking OTA 52

Xotels

APRIL 3, 2024

Guest & Market Segmentation Hotel market segmentation is an important component of effective revenue management, allowing hotels to target diverse consumer groups based on their behaviours and budget levels. The graph considers cancellations and identifies peak or slow booking days.

Revenue Management 76

Revenue Management Revenue Management Ancillary Revenue 76