eZee Absolute

DECEMBER 7, 2023

Myth #7: Overbooking is a curse and should NEVER be used Overbooking can make or break a hotel; it is like a double edge sword. If you aren’t aware of overbooking, it is a strategy used by revenue managers to acquire more reservations than the number of available rooms to achieve the highest possible occupancy rate.

Revenue Management 98

Revenue Management Revenue Management Overbooking 98

SiteMinder

AUGUST 29, 2023

For hoteliers, hotel costs encompass everything from the cost of construction, to the cost of insurance, to the everyday operational costs of establishing, running and ultimately growing a hotel business. Hotel construction costs The foundation of any hotel begins with its construction. What are hotel costs?

Revenue 52

Revenue Hotels OTA Operations 52

MediaBoom

MARCH 14, 2024

Reputation management involves addressing negative reviews in a professional and constructive manner, offering solutions, and demonstrating your commitment to improvement. By tracking demand trends, booking patterns, and competitor pricing, hotels can adjust their rates dynamically to maximize occupancy and revenue.

Digital Marketing 64

Digital Marketing Services Market Marketing 64

Cloudbeds

APRIL 23, 2024

From conferences to weddings and production crews, securing group business is a surefire way for hotels to fill occupancy months in advance. With all the necessary details, the hotel constructs a compelling proposal tailored to the needs outlined in the RFP. Groups are one of the most lucrative segments for hoteliers. PMS integration.

Business 52

Business Events Hotels Sales 52