SiteMinder

OCTOBER 15, 2023

They can also be known as distribution channels and are crucial for ensuring your hotel maintains a healthy occupancy rate and revenue stream. So it’s important to be aware of all the channels that help you boost occupancy. Monitor metrics and performance Use your hotel software to access performance data.

Global Distribution System 59

Global Distribution System OTA Revenue Hotels 59

SiteMinder

DECEMBER 4, 2023

Hotel statistics may include occupancy rates, revenue figures, guest statistics, cancellation rates, booking channel statistics and more. Hotel occupancy will increase 2.5% globally next year. The average cancellation rate is 20%. Average US occupancy rate is just under 65%. in the next 12 months.

Occupancy 59

Occupancy Hotels Average Length of Stay Revenue 59

Inn Quest

AUGUST 15, 2023

A hotel channel manager is a software tool used in the hospitality industry to manage and synchronize online distribution channels. In short, it primarily streamlines the distribution of room inventory, rates and availability across multiple channels, ensuring consistency and increasing bookings.

Management 52

Management Global Distribution System Overbooking OTA 52

Cloudbeds

APRIL 2, 2024

A hotel central reservation system is a core software platform that manages all reservations for a hotel and provides a centralized repository of the inventory of rooms on sale and their characteristics (e.g., room types, maximum occupancy, stay restrictions, etc.), The property management system.

Revenue Management 52

Revenue Management Occupancy Revenue Hotels 52

Cloudbeds

FEBRUARY 28, 2024

The information is then populated into the PMS and distributed to the hotel’s booking channels with the help of channel management software. These channels may include the hotel’s website booking engine, online travel agencies (OTAs), the global distribution system (GDS), wholesalers, and metasearch sites.

Revenue Management 98

Revenue Management Revenue Hotels Operations 98

Hotelogix

OCTOBER 18, 2023

Efficient Room Allocation Hotel Reservation Systems helps your hotel optimize room allocation based on real-time availability and guest preferences. This leads to better utilization of room inventory and maximizes occupancy rates. Testing Thoroughly test the reservation system before going live.

Business 40

Business Global Distribution System Cancellation Hotels 40

Cloudbeds

JULY 15, 2023

And when you receive a new booking from an OTA, it will show up in your Channel Manager (and PMS /CRS), and that room’s availability will be closed automatically across all distribution channels. The same happens with a cancellation. In the case of one-way sync, reservations or cancellations will not be imported.

Management 76

Management OTA Cancellation Overbooking 76