Inn Quest

SEPTEMBER 5, 2023

By implementing an inventory tracking system, hotels can minimize underbooking, reduce overbooking risks, set competitive prices and provide a seamless guest experience, ultimately leading to increased revenue and improved operational efficiency. This prevents overbooking and rate disparities, enhancing the guest experience.

Management 87

Management Overbooking Revenue Hotels 87

SiteMinder

JUNE 12, 2024

This includes offering tailored packages, suggesting room upgrades, promoting in-house dining experiences, and even curating special entertainment events. Optimising Occupancy : Hotels have a fixed number of rooms, making it essential to ensure high occupancy rates. Our smart hotel platform helps you do exactly that.

Yield Management 98

Yield Management Management Revenue Management Revenue 98

Inn Quest

SEPTEMBER 12, 2023

Food and Beverage Services: This department manages all dining and catering services within the hotel, including restaurants, room service, banquets, and bars. Effective revenue management is crucial to optimize room rates, occupancy levels, and overall revenue. Happy and motivated staff are more likely to deliver exceptional service.

Operations 88

Operations Management Revenue Revenue Management 88

SiteMinder

SEPTEMBER 6, 2023

Once a booking is made, automated emails kick in, confirming the reservation and even suggesting add-ons like room upgrades or dining options. This efficiency not only reduces operational costs but also minimises the risk of overbooking or scheduling conflicts. Table of contents Why is an online booking process important for hotels?

Hotels 98

Hotels Revenue Occupancy Services 98

Catala Consulting

MAY 17, 2024

These frontline employees are instrumental in shaping the guest experience, impacting occupancy rates, and ultimately driving revenue. Cross-Selling Hotel Amenities Beyond room upgrades, reception staff can also promote other hotel amenities such as spa services, dining options, and local tours.

Revenue Management 52

Revenue Management Revenue Management Upsell 52

STAAH

OCTOBER 15, 2024

A channel manager automates this process, syncing room rates and availability across all platforms, reducing the risk of overbookings or pricing discrepancies. Hotels using this integration have reported reduced overbookings and better room occupancy rates.

Overbooking 52

Overbooking OTA Revenue Management Revenue 52

SiteMinder

AUGUST 1, 2024

Here’s a comprehensive guide on how to optimise your listing effectively after logging into the Trip.com extranet: Update room availability: Use a channel manager to sync room availability across all platforms in real-time, preventing overbooking and optimising inventory. Use 360-degree virtual tours for an immersive experience.

Yield Management 52

Yield Management Revenue Overbooking Management 52

Hotelogix

FEBRUARY 13, 2024

Inventory and supplier management Efficiently managing inventory for dining, bars, and room amenities is vital yet challenging. Plus, it leads to complexities such as rate parity/inventory disparity, overbookings, and guest dissatisfaction.  This is a great way to sell more and increase occupancy and revenue. 

Management 59

Management Hotels Revenue Management Revenue 59

Hotelogix

OCTOBER 18, 2024

Reservation Management: Effectively managing reservations ensures that the hotel maintains high occupancy levels while minimizing overbooking issues. Managing Restaurant Operations: Coordinating between kitchen and dining staff ensures that meals are served promptly and meet guest expectations.

Operations 52

Operations Management Hotels Services 52

Cloudbeds

FEBRUARY 28, 2024

When travelers book on your website, you can upsell them to premium rooms and cross-sell onsite services and add-ons like breakfast, dining, spa, and recreation. This will help you increase occupancy, maintain rate parity, and prevent pricing errors, overbookings, and lost sales. Generate more revenue.

Revenue Management 98

Revenue Management Revenue Hotels Operations 98

SiteMinder

JANUARY 14, 2025

The corporate travel market can be a particularly valuable one to tap into, as it can be less price sensitive and can significantly boost mid-week and low season occupancy rates. The simple SiteMinder GDS user experience reduces the risk of overbooking and simplifies reservation management for hotels.

Global Distribution System 52

Global Distribution System Upsell Hotels Travel 52

StayNTouch

NOVEMBER 16, 2022

It’s critical to integrate your PMS and booking engine with a channel manager so that you can efficiently manage distribution through multiple OTAs, gain valuable data on channel profitability, and prevent overbookings. A channel manager is also an important hub for customer data and business intelligence.

OTA 52

OTA Hotels Revenue Overbooking 52

MediaBoom

MARCH 14, 2024

Through professional photography and thoughtful design, you can showcase the unique features of your accomodation, from luxurious rooms to exquisite dining options. By tracking demand trends, booking patterns, and competitor pricing, hotels can adjust their rates dynamically to maximize occupancy and revenue.

Digital Marketing 85

Digital Marketing Services Market Marketing 85

SiteMinder

SEPTEMBER 6, 2023

While they can be a wild card in the hotel management game, they offer a unique opportunity to maximise occupancy and revenue. Last-minute hotel room bookings have a range of benefits including: Maximised occupancy : Filling rooms at the eleventh hour ensures that you’re making the most of your available inventory.

Overbooking 98

Overbooking Occupancy Revenue Hotels 98

Catala Consulting

FEBRUARY 24, 2025

Each of these channels plays a critical role in a hotels ability to maximize occupancy and revenue. Packaging Deals: Bundling rooms with spa treatments, dining credits, or tours to create unique offers unavailable on OTAs. Leverage OTA Promotions Strategically Use OTA deals only during low occupancy periods.

Global Distribution System 52

Global Distribution System OTA Forecasting Revenue Management 52

Hotelogix

MARCH 6, 2025

Lesson: Unexpected demand surges can significantly impact occupancy. Key Steps to Identify Busy Periods: Examine Historical Booking Data: Analyze occupancy patterns from earlier years to identify high-demand times. In Buncombe County, disaster recovery personnel greatly increased hotel occupancy in January 2025.

Occupancy 40

Occupancy Revenue Management Revenue Hotels 40