STAAH
FEBRUARY 6, 2024
By deploying this strategy a hotel is insuring itself against possible cancellations by having secured guests who can fill cancelled bookings. Data must be used to inform how many no-shows or cancellations to expect so you can overbook by that much. 2) Use multiple data sources.
STAAH
DECEMBER 12, 2023
During peak holiday periods, consider adopting a revenue management system that factors in various parameters such as historical booking data, competitor pricing, local events, and even weather forecasts. This not only adds value for guests but also allows hotels to upsell services and capture diverse customer preferences.
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Amadeus Hospitality
NOVEMBER 28, 2023
As events return and travel volumes normalize post-pandemic, now is the time for hoteliers to make the most of planning their sales strategies to capture as much business as possible. Even highlighting “free cancellation” or other flexible policies can work to enhance the hotel’s sales and revenue strategies.
Little Hotelier
NOVEMBER 6, 2023
Public holidays and popular local events will also affect how much you can charge per room. These might follow the four seasons of the year, or they could be defined by school holidays, festive seasons or major local events. Upselling and cross-selling Grab upselling and cross-selling opportunities with both hands.
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. An Independent Hotel’s PMS Increases Upsell Potential All hoteliers are looking for ways to increase the lifetime value of their guests, but an upsell is a fickle thing.
Little Hotelier
APRIL 19, 2023
They form a record that can be accessed by both you and your guests, which can bring clarity to reservation changes, cancellations or modifications. Each of these events demands another confirmation email, which again grants your hotel an opportunity to impress. Confirmation emails can also help in a managerial sense.
Little Hotelier
AUGUST 17, 2023
Quantity discounts By booking in bulk, the likes of tour groups, businesses, families and event guests are easier and more efficient to deal with on a per guest basis, so many hotels offer bulk discounts that trigger at a certain number of rooms. Loss leader rooms can also become profitable through upselling and cross-selling.
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