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

STAAH

OCTOBER 15, 2023

This led to rate disparity, overbooking and inventory discrepancies. A 35% jump in occupancy There are unmissable revenue gains for Rudraksh Club & Resort – a 35% increase in occupancy year-on-year. Prior to STAAH, the process for the Rudraksh team was very manual; managing each channel individually.

Overbooking 81

Overbooking Occupancy Accommodation Resorts 81

Little Hotelier

APRIL 10, 2024

An overbooking, fraudulent payment, or incorrect invoice are significant risks for small businesses, which is why we created our all-in-one platform – to save time and protect against human error. In the summer season, Hillside Haven experiences about 90% occupancy. “At

Revenue 52

Revenue Management Small Business OTA 52

Little Hotelier

OCTOBER 11, 2023

This is exciting for your business because it presents an opportunity to push the limits of your occupancy and cash-in on increased revenue. Strategies to prepare for peak season in the hotel industry When peak season is just around the corner, it’s exciting – you’re looking forward to welcoming guests and having full occupancy.

Maximum Length of Stay 52

Maximum Length of Stay Minimum Length of Stay Overbooking Occupancy 52

STAAH

APRIL 16, 2024

An RMS that can sync seamlessly with various channels allows hoteliers to update room rates and availability across all platforms simultaneously, minimizing the risk of overbooking and ensuring maximum exposure to potential guests.

Revenue Management 78

Revenue Management Revenue Management Forecasting 78

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

Inn Quest

AUGUST 8, 2023

Offering competitive rates during off-peak seasons allows hotels to remain active in the market and attract guests even when other competitors might be struggling to maintain occupancy. During peak seasons, when rooms are in high demand, higher rates can help control the rate of bookings, preventing overbooking scenarios.

Overbooking 88

Overbooking Occupancy Hotels Revenue 88

Inn Quest

APRIL 5, 2023

It is a dynamic pricing strategy that allows hotels to offer competitive prices during low-occupancy periods while maximizing profits during high-demand periods. It enables hotels to achieve this goal by analyzing data such as occupancy rates, booking trends, and seasonal patterns to adjust prices and inventory.

Yield Management 88

Yield Management Management Occupancy Revenue 88

SiteMinder

APRIL 28, 2022

The booking engine is designed to ensure that the direct booking process is quick and easy, increasing occupancy rates and ensuring that you are getting the maximum revenue possible, by cutting out online travel agent commission costs. One of these is overbookings. Ultimately increasing my occupancy and avoiding overselling.”.

Overbooking 52

Overbooking OTA Occupancy Hotels 52

SiteMinder

OCTOBER 26, 2023

“On the one hand, the platform’s stability means that I’m no longer worried about getting an overbooking call on a Saturday night. But from a results perspective, the moment we switched on SiteMinder, our occupancy immediately shot up.

Revenue Management 81

Revenue Management Revenue Resorts Management 81

SiteMinder

NOVEMBER 15, 2022

Hotel overbookings can be a divisive topic. However, you can minimise the risk of having to walk travellers if you have a solid overbooking strategy. However, you can minimise the risk of having to walk travellers if you have a solid overbooking strategy. What is the definition of overbooking for a hotel?

Overbooking 52

Overbooking Cancellation Occupancy Closing 52

eZee Absolute

FEBRUARY 27, 2024

The channel manager’s user-friendly interface and robust features made it easy to manage rates and availability across all connected channels, ensuring real-time updates and eliminating overbooking risks. This streamlined approach minimized the risk of overbooking or underbooking, ensuring optimal occupancy rates year-round.

Overbooking 52

Overbooking Global Distribution System Hotels Management 52

Little Hotelier

JULY 31, 2023

It’s designed to maximise hotel occupancy through its distribution channels. It’s a powerful tool that can help you drive maximum occupancy and increase your hotel’s visibility. This ensures that your inventory is always up-to-date, reducing the risk of overbooking. What is MaxiRoom?

Cancellation 52

Cancellation Overbooking OTA Occupancy 52

SiteMinder

MAY 2, 2023

At the same time, availability is adjusted across all channels, which reduces the risk of overbookings. “We This in turn has a positive impact on occupancy and revenue. The integration of SiteMinder and the PMS means that reservation data is updated automatically and in real time. We save two hours a day using SiteMinder.

Overbooking 97

Overbooking Online Sales Hotels OTA 97

STAAH

AUGUST 20, 2023

They wanted a platform that was fast and performant – quickly updating inventory and rates across multiple online channels, minimising errors and overbooking. Since moving to STAAH, KC Beach Club has increased its occupancy by 50% with a revenue growth to match. STAAH ticked all the boxes – and more. Wins all around!

Revenue 75

Revenue Overbooking Resorts Occupancy 75

Cloudbeds

FEBRUARY 26, 2024

Unplanned overbookings, front desks staffed 24/7, and marketing or finance degrees to optimize revenue will soon be a thing of the past. Key findings from the report include: Occupancy patterns are projected to remain consistent in 2024. So are siloed and disparate legacy systems.

Average Daily Rate 52

Average Daily Rate OTA Overbooking Travel 52

Hotel Business

APRIL 4, 2023

Tripleseat and Maestro PMS are streamlining communication to prevent operational disasters like overbooking from ever happening.” Occupancy will be reflected in pickup counts. Not only does Tripleseat push the name of room block details, but it enables operators to better forecast inventory and revenue.

Forecasting 59

Forecasting Overbooking Events Sales 59

Little Hotelier

JANUARY 11, 2024

Meanwhile, owners can sell on their direct website without risking overbookings. This kind of pricing strategy helps the property maintain a balanced occupancy throughout the year. Maneerat said it was an important part of the sales strategy at the business. “We Customers can make reservations up to 6 months in advance.”

Services 59

Services Accommodation Overbooking OTA 59

Hotelogix

FEBRUARY 13, 2024

Plus, it leads to complexities such as rate parity/inventory disparity, overbookings, and guest dissatisfaction.  Without the right insights, it becomes tough to develop a marketing strategy to attract guests from all segments for more sales, occupancy, and revenue - leisure, family, corporates, large groups, etc. 

Management 59

Management Hotels Revenue Management Occupancy 59

Inn Quest

FEBRUARY 1, 2023

Integrated platforms help increase the hotel’s visibility, maximize occupancy, and decrease overbookings. Hoteliers can also use a channel manager to seamlessly connect with popular OTAs such as booking.com, Expedia, AirB&B, etc.

Management 88

Management Consumer Hotels Overbooking 88

SiteMinder

SEPTEMBER 6, 2023

This efficiency not only reduces operational costs but also minimises the risk of overbooking or scheduling conflicts. Higher occupancy, increase in revenue An efficient online booking system optimises room occupancy by displaying real-time availability and encouraging last-minute bookings.

Hotels 98

Hotels Revenue Occupancy Services 98

Inn Quest

SEPTEMBER 12, 2023

Effective revenue management is crucial to optimize room rates, occupancy levels, and overall revenue. Failure to do this can result in lost revenue opportunities or overbooking during peak periods. Use revenue management systems and data analytics to optimize room rates, occupancy and revenue.

Operations 88

Operations Management Revenue Revenue Management 88

Little Hotelier

MARCH 10, 2024

Features Streamlined booking management : Little Hotelier’s intuitive system simplifies booking and reservation management for small hotels, ensuring easy tracking of availability and confirmations, thus minimising overbooking and enhancing guest check-in experiences.

Hotel Sales 52

Hotel Sales Sales Revenue Management Revenue 52

SiteMinder

OCTOBER 5, 2023

You can quickly gauge your booking status, helping you keep track of occupancy and upcoming guest arrivals. Regularly updating the availability calendar is essential to reflect current room statuses and prevent overbookings. Rev+ presents a dashboard that displays metrics such as Average Daily Rate (ADR) and Occupancy Rate.

Average Daily Rate 59

Average Daily Rate Hotels Management OTA 59

Cloudbeds

APRIL 8, 2024

Many hoteliers question if it’s worthwhile investing in a direct booking strategy or if they can solely rely on online travel agencies (OTAs) like Airbnb, Booking.com, or Trip.com to fill occupancy. With the Cloudbeds Booking Engine, your PMS and Channel Manager are automatically updated to prevent overbookings.

OTA 98

OTA Upsell Average Length of Stay Revenue 98

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. With a more efficient booking process, the resort achieved higher occupancy rates and a substantial boost in income.

Resorts 52

Resorts Tourism Fair Share Operations 52

Little Hotelier

JUNE 30, 2023

This can help to prevent overbooking and ensure that rooms are available for new bookings. This will help you manage your availability and maximise your occupancy rates by rapidly filling any cancelled rooms. Reduces Disputes Understanding the refund policy can also help to reduce disputes with guests.

Cancellation 52

Cancellation Revenue Revenue Management Overbooking 52

Clock Software Hospitality

NOVEMBER 3, 2020

Manage Room Inventory Your hotel’s occupancy is the main metric by which you judge how well your business is doing at the moment. Having complete control over occupancy 24/7 will certainly cut down on the manpower it takes to keep inventory in order and prevent unwanted overbookings.

Hospitality 52

Hospitality OTA Revenue Management Hotels 52

Little Hotelier

AUGUST 1, 2023

Priceline’s ‘Express Deals’ is another feature that can help increase your hotel’s occupancy. This allows you to manage your Priceline bookings alongside your other distribution channels, helping to streamline operations and avoid overbooking. Express deals How does Priceline express deals work for hotels?

Hotels 52

Hotels OTA Travel Overbooking 52

Hotelogix

NOVEMBER 30, 2023

You can charge higher when demand is high and lower when demand is low to keep your hotel at maximum occupancy. This will ensure real-time rate and inventory updates across all OTAs to avoid overbookings and loss of business opportunities. It refers to forecasting demand based on industry trends, current bookings, and past data.

OTA 59

OTA Hotels Online Sales Market 59

Hotelogix

OCTOBER 18, 2023

This prevents overbookings, eliminates misunderstandings, and ensures that guests receive precise information when making reservations. This leads to better utilization of room inventory and maximizes occupancy rates. This attention to detail contributes to guest loyalty and positive reviews.

Business 40

Business Global Distribution System Cancellation Hotels 40

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. Dynamic pricing.

Revenue Management 70

Revenue Management Revenue Management Forecasting 70

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

SiteMinder

MAY 21, 2023

This has minimised revenue loss from vacant rooms while maximising our occupancy rates.” This eliminates manual updates, increases bookings and revenue, and eliminates concerns about overbooking or missing bookings. Previously, the resort handled all tasks manually, which was time-consuming.

Resorts 98

Resorts Overbooking Yield Management OTA 98

SiteMinder

MARCH 20, 2024

We had to navigate through the extranets of each channel, often leading to overbooking or missed revenue opportunities,” she explained. Leveraging SiteMinder’s insights and pricing tools, the hotel swiftly adapted its strategies to capitalise on emerging opportunities, resulting in enhanced revenue and occupancy rates.

Revenue 98

Revenue Branding Overbooking Operations 98

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. Reporting and analytics The software includes robust reporting and analytics capabilities, allowing hoteliers to track key performance metrics, such as occupancy rates, revenue, and guest demographics.

Management 59

Management Overbooking OTA Accommodation 59

AskSuite

JULY 20, 2023

By implementing a clever hotel booking system , you can manage availability, set dynamic pricing, and reduce the chance of overbooking. Additionally, technology can offer valuable insights into guest behavior, enabling you to tailor offers and maximize occupancy rates.

Management 52

Management Business Upsell Marketing Strategy 52