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Summer Travel’s Hidden Hurdle: The Impacts of Cancellations and No-Shows

Skift Blog

Skift Take: Cancellations and no-shows for hotel reservations tend to be higher in summertime, which can significantly impact revenue for hotels and travel management companies (TMCs). Slicing and dicing data more granularly leads to better forecasting and may reduce potential revenue losses.

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Brisbane shows resilience in aftermath of Cyclone Alfred, STR reports

Hotel Management

The impacts of Cyclone Alfred have been far reaching with the hospitality industry significantly affected by mass cancellations, according to the latest CoStar STR data. We have already seen destinations launch their disaster recovery plans to shore up existing demand and manage perceptions to reality.

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Government steps in to drive return of tourism to Far North Queensland following Cyclone Jasper

Hotel Management

Trip cancellations throughout December resulted in a sharp drop in occupancies, from mid-70% down to 30%, equating to millions of dollars of lost revenue, according to Accommodation Australia CEO, Michael Johnson. “All

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The 15 Biggest Revenue Management Myths & Misconceptions

Xotels

Think revenue management is just for the big hotel chains or that it’s all about jacking up prices? Believe me when I say, as the COO of a revenue management consulting firm, that at least one of the below misconceptions is draining your hotel’s profits faster than a leaky faucet. Only if you’re flying blind.

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Hotel Cancellation Policy: Best practices & process

SiteMinder

What is a hotel cancellation policy? A hotel cancellation policy outlines the terms under which a guest can cancel their booking without incurring a penalty, as well as those scenarios where there will be a fee associated with a cancellation.

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Booking.com cancellation policy

Little Hotelier

What is the Booking.com cancellation policy? The Booking.com cancellation policy outlines the terms and conditions that apply when a guest cancels a reservation at your hotel. It includes specifics about refund procedures, penalties, and fees associated with cancellations.

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GBTA: Third of travel managers expect business travel volume to decrease “significantly”

Hotel Business

37% of travel suppliers and travel management company professionals anticipate a decline of 18% on average in related revenue. The GBTA poll reflects responses from travel managers (buyers), suppliers, travel management companies and other travel intermediaries from across four regions and 45 countries.