SiteMinder

SEPTEMBER 6, 2023

Reduced cancellation risks : The closer the booking is to the stay date, the less likely it is to be cancelled. There are several drawbacks to this approach… Preventing last minute overbookings Firstly, you may overbook your rooms. This diversity can enrich your customer database and allow you to access new audiences.

Overbooking 95

Overbooking Occupancy Revenue Hotels 95

SiteMinder

NOVEMBER 15, 2022

Hotel overbookings can be a divisive topic. Some hoteliers love using this strategy to boost their revenue and protect their property from losing out due to last-minute cancellations. However, you can minimise the risk of having to walk travellers if you have a solid overbooking strategy. What happens when a hotel overbooks?

Overbooking 52

Overbooking Cancellation Occupancy Closing 52

Little Hotelier

OCTOBER 11, 2023

Don’t overbook as a strategy Some accommodation providers deliberately overbook their rooms to anticipate cancellations. However, overbooking means that you risk double booking, which is not worth the risk. Instead of overbooking, look to your cancellation policies to make sure you don’t operate at a loss.

Maximum Length of Stay 52

Maximum Length of Stay Minimum Length of Stay Overbooking Occupancy 52

eZee Absolute

DECEMBER 11, 2023

By providing real-time updates, it ensures that all connected channels reflect the most accurate and up-to-date information, preventing overbooking or underbooking while maintaining rate parity. Imagine you have a fully booked weekend, and suddenly a room is available due to a last-minute cancellation. But fear not! It’s a win-win!

Management 59

Management OTA Overbooking Global Distribution System 59

STAAH

NOVEMBER 8, 2022

One of the rising innovations taking off in hotel revenue management is the growing sophistication of overbooking controls, which provides hotels control over excess bookings and cancellations to fly as close as possible to 100 percent occupancy consistently.

Revenue Management 71

Revenue Management Revenue Management Forecasting 71

Xotels

JANUARY 18, 2021

Cancellation %. Last but not least, the segment “Other” includes important segments that can’t be missed such as Complimentary and Overbookings which are often used across the hotel industry. Overbooking (from another hotel). Day of Weeks stays. Total Revenue per Room, Total Revenue per Client. Booking Lead Time.

Hotel Marketing 40

Hotel Marketing Market Marketing Revenue Management 40

eZee Absolute

OCTOBER 16, 2023

Increased Bookings and Revenue: eZee’s reservation management system eliminated the chaos of overbookings and cancellations, leading to increased bookings and improved revenue. After embracing our cloud-based solution, the resort underwent a remarkable transformation, turning the tide on the challenges it once faced.

Resorts 52

Resorts Tourism Fair Share Operations 52

Catala Consulting

JULY 30, 2023

Overbooking: Though counterintuitive, it helps mitigate revenue loss due to last-minute cancellations or no-shows. Segmentation: Classifies guests based on their preferences and behaviours, facilitating tailored offerings and pricing strategies.

Revenue Management 52

Revenue Management Revenue Resorts Management 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

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. Establish booking policies for restaurant event spaces. Is a deposit required to reserve restaurant event spaces? Do you have booking minimums in place?

Events 88

Events Dining Services Accommodation 88

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

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

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

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. The graph considers cancellations and identifies peak or slow booking days.

Revenue Management 76

Revenue Management Revenue Management Ancillary Revenue 76

SiteMinder

OCTOBER 20, 2022

For guests, this can be an attractive level of added security and an opportunity to create the differentiating trust that their booking will not be cancelled. Sonder, Blueground and Vacasa all provide short-term rentals that are managed through their own teams; this means that they either lease or own their own properties.

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. It allows for moving bookings between properties or rooms and helps in avoiding overbookings. Cancel anytime. Single calendar view to prevent overbookings or reservations being missed.

Management 59

Management Overbooking OTA Accommodation 59

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

STAAH

DECEMBER 6, 2023

Sending zero inventory to channels when fully booked avoids overbooking. 2) Avoid Group Booking Reduce the risk of last-minute cancellation for group bookings, especially over high demand dates. Benefits: You can temporarily halt room sales through specific channels, allowing for better inventory management.

OTA 87

OTA Overbooking Cancellation Closing 87

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

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 ?

Management 76

Management OTA Cancellation Overbooking 76

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

APRIL 2, 2024

If at some point the reservation gets canceled, the process is undone, and the room will appear available again. During the booked period, the hotel room won’t appear available to any traveler or travel agent on any reservation channel, preventing double bookings. The property management system.

Revenue Management 52

Revenue Management Occupancy Revenue Hotels 52

Hotelogix

OCTOBER 19, 2023

It also aids in managing reservation cancellations and modifications, accepting reservations, sending confirmation emails, extending self-service facilities to guests, processing payments, etc. It improves a hotel's online visibility and sales while eliminating overbooking. 

Hotels 52

Hotels Revenue OTA Management 52

SiteMinder

MARCH 16, 2023

The risk of overbooking rooms is massively reduced, which significantly improves the smoothness of your hotel operations. More revenue: A pooled inventory model to put more of your rooms online and reduce overbookings. With a hotel reservation system in place, all live rates and availability are automatically updated by the software.

Overbooking 52

Overbooking Hotels Accommodation Global Distribution System 52

Little Hotelier

FEBRUARY 5, 2024

Cancel anytime. Single calendar view to prevent overbookings or reservations being missed. Let’s recap a few of the most popular options, and how they compare. Little Hotelier No lock-in contract. A feature tracking how rooms are sold across major OTAs and how rates stack up against competitors.

Management 59

Management OTA Hotels Accommodation 59

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