Remove Forecasting Remove KPI Remove Overbooking
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Hotel terminology: A complete guide for hotel owners

SiteMinder

KPI (Key performance indicator) A measurable value such as RevPAR or occupancy used to gauge success against goals. Occupancy underpins every major KPI. Overbooking Selling more rooms than you physically have to offset expected cancellations and no-shows; requires tight controls to avoid guest displacement.

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Hotel rate management: Best software to use

SiteMinder

It pays to obsess over long-range weather forecasts too. There’s no single KPI that perfectly describes how effective your rate management is. This consistent rate presence helps in avoiding disparities, ensuring a unified booking experience for guests and reducing the risk of overbookings or rate conflicts.