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This mega-event is not just a spiritual confluence but also a catalyst for significant economic activity, providing a golden opportunity for the hospitality industry. During the 2013 Maha Kumbh, the event generated approximately 12,000 crore ($1.45 Here’s how hoteliers can leverage this event effectively: 1.
Read also: Guide on Customer Retention in Hotel Industry Encourage Group Bookings: Offer discounts or packages for weddings, business events, or group travel bookings. For example, you can charge higher rates when demand is high, like during peak seasons or local events, and lower rates when your hotel has empty rooms.
For hoteliers, events like this dont come often. Dont Let Overbooking or Cancellations Kill Your Revenue With a major event like this, cancellations and no-shows are inevitable. Some guests overbook, others change their plans last minute, and some simply forget to cancel. The time to adjust your strategy is now.
For instance, a hotel may experience a sudden influx of guests due to a local event, leading to overbooking and potential guest dissatisfaction. For instance, a hotel can use a mobile app to send push notifications to staff about important updates, such as changes in the schedule or special events.
The Citi Residenci Hotel – Asansol: Cutting Errors, Boosting Visibility A flagship property known for hosting events, business travellers and leisure guests alike, The Citi Residenci Hotel – Asansol faced growing challenges in managing bookings across multiple online travel agents (OTAs).
With pooled inventory , your availability is treated as a shared pool , dynamically updated in real-time as bookings flow in reducing errors, boosting visibility, and preventing overbookings. Example: 10 rooms available = 10 rooms shown on all channels. One booking = automatic sync across all platforms. No manual juggling.
Inconsistency in room rates also leads to overbookings, which is a customer service nightmare for any travel brand. Package your rooms to create added value You can enhance your offering by adding elements like free parking, Wi-Fi, breakfast, or tickets to local events. In small hotels, every dollar counts.
Blog about local events or lesser-known attractions in your area to position your property as a knowledgeable and welcoming destination. Hard to keep track of room availability: Without a centralized system, it’s challenging to have real-time updates on which rooms are available, leading to potential overbookings.
By connecting your hotel’s property management system with SiteMinder’s platform, you can: Automatically update room rates and availability across all booking channels in real time; Avoid overbookings and manual errors; and, Respond to demand shifts faster with dynamic pricing.
Leveraging AI and automation, UNO Channel Manager helps reduce manual work, eliminate overbookings, and ensure real-time updates, giving hoteliers a competitive edge in a rapidly evolving market.
Suppliers Research Podcast Careers Events All Insights Podcasts eLearning Tech.Ex Leveraging AI and automation, UNO Channel Manager helps reduce manual work, eliminate overbookings, and ensure real-time updates, giving hoteliers a competitive edge in a rapidly evolving market.
Leveraging AI and automation, UNO Channel Manager helps reduce manual work, eliminate overbookings, and ensure real-time updates, giving hoteliers a competitive edge in a rapidly evolving market.
How often do we see guests shocked to find out that they’ve been victims of the notorious “overbooking” issue , your hotel’s facilities are under maintenance, or even that their room doesn’t come equipped with certain amenities they will have to pay for?
Demand Forecasting & Analytics Platforms Demand forecasting is not simply a matter of historical data it’s a case of identifying patterns within seasonality, events, and booking trends. That’s a recipe for overbookings and lost revenue.
👉 Read Also - ChatGPT for Hotels: Boost Direct Bookings & Reduce Costs Temporary Hotels for Events Pop-up hotels are built for short-term stays during major events, festivals , or seasonal tourism spikes. Real-time room management: Instantly updates reservations across platforms to prevent overbookings.
For example, during peak travel periods, an efficient reservations manager using a modern property management system (PMS) can swiftly allocate room blocks for group bookings or special events, maximising occupancy without overbooking. Problem-solving : Quick thinking helps resolve booking issues and guest concerns.
Regularly updating your site with blogs about local events or hidden gems nearby also signals search engines that your website is relevant and engaging. Avoid overbooking by ensuring availability updates are instant. Offer personalized pricing for niche markets, like long-stay guests or special events.
In an attempt to immerse the visitors in Taipei culture, the hotel frequently hosts events in the premises and combines them with interesting internet promotions. Their usual patrons, mostly couples, enjoy cozy, personalized, and special experiences. Nevertheless, being able to access it on the go is a plus. I can do more in less time.
Overbookings can be stressful for the front desk and the guest, but you can manage them with ease if you have a proper plan in place. While for some hoteliers it’s best to avoid overbookings altogether, for others, a good strategy can increase revenue, improve the occupancy rate and mitigate losses. What is an overbooking strategy?
Overbooking can be a cost-effective strategy if implemented correctly. What is a hotel overbooking strategy? The hotel overbooking strategy is a revenue management technique that hotels use to maximise occupancy and revenue. Tips to make your overbooking strategy a success 1) Be data-driven in your approach.
Overbooking is a common problem in the hospitality industry, causing major issues for both – hoteliers and guests. Striking the perfect balance between fully booked rooms and avoiding overbooking can be a challenging task. This is why our guide discusses how to avoid overbooking in hotels. Why Do Hotel Overbookings Happen?
Charleston, SC – (October 10, 2024) – SalesAndCatering.com and Cloudbeds have announced a two-way integration that will empower hotels, resorts, and conference centers to optimize hotel group sales and event management. This two-way integration optimizes group sales and event management.
Although you may not have considered those occasions “events” at the time, that’s precisely what they were, and restaurants host more of them than we think. As the demand for private events grows and booking windows get shorter, more customers are looking for restaurant event spaces that meet their needs.
Audience engagement plays a significant role in the success of any event. Whether in-person or online, event organizers want attendees to pay attention and participate. In fact, more than 80% of marketing professionals believe that audience engagement is a key indicator of an event’s success. Understand your audience.
New partnership streamlines group bookings, event management, and catering to boost hotel efficiency and revenue Charleston, SC –SalesAndCatering.com and Cloudbeds have announced a two-way integration that will empower hotels, resorts, and conference centers to optimize hotel group sales and event management.
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. Meeting and Event Spaces: Many hotels have conference rooms, banquet halls and event spaces.
At the same time, availability is adjusted across all channels, which reduces the risk of overbookings. “We When our staff adjust rates or when demand is on the rise because of a local event, we can now respond to it more quickly. We save two hours a day using SiteMinder. SiteMinder also helps with dynamic rate design.
Maestro PMS has formed an integration partnership with web-based sales and event management platform Tripleseat. The technology providers are streamlining event data and pulling group room block information—including room types, rates and allocations—from the Tripleseat sales-and-catering system and pushing it into Maestro PMS.
Overbooking was a common occurrence. There was always the risk of overbooking. We have a 100% occupancy rate, and we’re fully booked every week, so we used to try and not put all of the motel rooms online, just in case of overbooking. We still had overbookings all the time,” said the motel owner-operators.
During peak seasons, when rooms are in high demand, higher rates can help control the rate of bookings, preventing overbooking scenarios. During peak seasons like holidays, festivals or local events, the demand for accommodations tends to surge.
This feature helps streamline the booking process, reducing the risk of overbooking and ensuring a smooth check-in experience for guests. Event and conference management tool: Alacer offers a tool for organising events and conferences, including the management of related hotel services like room reservations and restaurant bookings.
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. Table of contents Why should hotels consider a channel manager for Agoda?
This includes offering tailored packages, suggesting room upgrades, promoting in-house dining experiences, and even curating special entertainment events. For instance, if a hotel expects high occupancy due to an upcoming event in the city, they can ensure adequate staffing and inventory to cater to the influx of guests.
hotels should consider a number of local factors, such as the climate, local holidays and events, school terms and target guests. If it’s an event of some kind, you can include tickets to the event in the room rate, as well as transport to and from the event. Learn more When is peak travel season for hotels?
From exquisite rooms, amazing dining options, and fabulous event venues, Chatrium is truly a premium accommodation choice. This has not only saved us countless hours but has also reduced the risk of errors and overbookings, providing a seamless booking experience for our guests.”
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.
The Grealy Family have been hosting weddings and events at the Abbey Hotel since 1963. That was time-consuming for the team and opened the door to issues such as unintentional overbooking or lost revenue due to delayed rate updates. With SiteMinder, a few clicks are enough to avoid overbooking.”
Special Event; packages and offers during holidays, festivals, concerts. Usually, customers in this segment combine their hotel stay with an event or other form of activity or business taking place at a hotel or in close proximity to the property. Overbooking (from another hotel). Negotiated Rates. Group rates include: Leisure.
While revenue management is more focused on a hotel’s pricing and availability to maximize revenue, revenue optimization takes a broader approach to include a full range of revenue sources that includes food and beverage, spa services, events, classes, and other ancillary revenues. This ensures rate consistency and prevents overbooking.
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.
In the hospitality industry, RFPs are usually sent to hotels by event planners, corporate travel managers, tournament organizers, travel management companies, or production companies. Skift found that in September 2023, RFPs for events more than 12 months away were at 98% of 2019 levels, indicating the recovery of global business events.
This will save you from the hassle of manual updates and reduce the risk of overbookings or missed payments. A channel manager integration ensures that room availability is always up to date across all OTAs and your direct booking engine, preventing overbookings. Streamlined operations.
By preventing overbookings, independent hospitality providers are allowing their establishments to seem more exclusive and in turn, increase their value on the hospitality market. Such tools are of great help to staff and guests alike when a large scale event needs to be planned in the hotel.
Meanwhile, owners can sell on their direct website without risking overbookings. In the event of an emergency requiring urgent assistance, they can be contacted easily and quickly.” “I Maneerat said it was an important part of the sales strategy at the business. “We
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