Catala Consulting

JULY 30, 2023

Overbooking: Though counterintuitive, it helps mitigate revenue loss due to last-minute cancellations or no-shows. Seasonal Pattern Analysis: Resorts can capitalize on fluctuating demands driven by seasons, holidays, and local events, by adjusting pricing and operational strategies accordingly.

Revenue Management 52

Revenue Management Revenue Resorts Management 52

Clock Software Hospitality

NOVEMBER 24, 2020

The same goes with the reverse, late cancellations are automatically relisted, allowing the hotel to optimise its revenue potential. By preventing overbookings, independent hospitality providers are allowing their establishments to seem more exclusive and in turn, increase their value on the hospitality market.

Upsell 52

Upsell Hotels Accommodation Events 52

Hotelogix

OCTOBER 18, 2023

This prevents overbookings, eliminates misunderstandings, and ensures that guests receive precise information when making reservations. No-show and Cancellation Policies: Specify policies for no-shows and cancellations, ensuring transparency and managing guest expectations.

Business 40

Business Global Distribution System Cancellation Hotels 40

Clock Software Hospitality

NOVEMBER 3, 2020

OTAs: Which Way Does the Scale Tip in 2020 A guest books a room through an OTA, the booking is instantly noted in your inventory, another guest cancels at the last minute, and the room is automatically up for sale again on every channel.

Hospitality 52

Hospitality OTA Revenue Management Hotels 52

SiteMinder

OCTOBER 20, 2022

As recently as 2016 STR measured the impact of Airbnb on hotels by impact on ADR during special events; for example, during the Boston Marathon hotel rates grew 5% year over year when unit supply on Airbnb had grown by 76%. 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

Little Hotelier

FEBRUARY 5, 2024

This feature helps streamline the booking process, reducing the risk of overbooking and ensuring a smooth check-in experience for guests. Event and conference management tool: Alacer offers a tool for organising events and conferences, including the management of related hotel services like room reservations and restaurant bookings.

Management 59

Management Overbooking OTA Accommodation 59

Xotels

APRIL 3, 2024

Key factors considered in market segmentation include length of stay , day-of-week stays, total revenue per room , total revenue per client, booking lead time, cancellation percentage, and no-show ratio. This information enables revenue managers to strategically target specific holidays or events with tailored offers and packages.

Revenue Management 76

Revenue Management Revenue Management Ancillary Revenue 76

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

SiteMinder

OCTOBER 10, 2023

Control your OTA listings and earn more revenue Say goodbye to overbookings and hello to maximised revenue with real-time inventory and rate management with SiteMinder’s channel management solution. Booking management Handling reservations, cancellations, and modifications is a breeze with our Agoda channel manager.

Management 59

Management Overbooking OTA Hotels 59

Cloudbeds

FEBRUARY 28, 2024

When travelers book through your website, they can make changes or cancel directly with your property, giving them peace of mind. As a lodging operator, you can implement deposit and cancellation policies as a safeguard in case of no-shows. Reassure travelers and protect your bottom line. Manage rates and availability in real-time.

Revenue Management 98

Revenue Management Revenue Hotels Operations 98

SiteMinder

OCTOBER 10, 2023

This centralisation is crucial in averting overbooking or underselling scenarios, which could tarnish your hotel’s reputation and result in revenue loss. Moreover, in the event of cancellations or changes in booking, the system instantaneously adjusts the availability, ensuring that every booking opportunity is capitalised upon.

Management 59

Management Overbooking OTA Hotels 59

Cloudbeds

JULY 15, 2023

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. What’s allotment ? What’s iCal?

Management 76

Management OTA Cancellation Overbooking 76

Cloudbeds

JUNE 8, 2023

Reservations made on your website should automatically sync with your hotel property management system and across all your OTA channels so you don’t get overbookings. No more overbookings. But it’s important: improperly mapped inventory can lead to overbookings, lost reservations, and other miscommunications.

Management 98

Management Hotels Revenue Digital Marketing 98