Hospitality Net

FEBRUARY 22, 2024

Spillage, spoilage, and overbooking can destroy your bottom line. Common hotel revenue sinkers include selling inventory too soon and too low - spillage - or not selling enough during high demand, leaving you with last-minute discounts. Discover how to avoid them and grow your revenue.

Revenue Management 189

Revenue Management Revenue Overbooking Management 189

eHotelier

FEBRUARY 23, 2024

However, spoilage, overbooking, and overselling can also wreck your profits. Managing a profitable hotel requires a careful eye on your inventory. You don’t want to sell your rooms too early at reduced rates because such spillage can drain your revenue.

Revenue 116

Revenue Revenue Management Overbooking Management 116

eHotelier

FEBRUARY 20, 2024

However, spoilage, overbooking, and overselling can also wreck your profits. Managing a profitable hotel requires a careful eye on your inventory. You don’t want to sell your rooms too early at reduced rates because such spillage can drain your revenue.

Revenue 52

Revenue Revenue Management Overbooking Management 52

Refine

JUNE 16, 2023

In this article, you’ll learn how successful hoteliers handle pricing strategies during the post-covid era, and how to deal with spillage, spoilage, overbooking, and overselling. Analyses showed that hotels with a solid revenue management strategy came out of the Covid-19 crisis better than hotels without.

Overbooking 94

Overbooking Revenue Management Revenue Management 94

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

Refine

FEBRUARY 18, 2024

It synchronizes data like rates and availability, reducing overbookings and discrepancies. Hotel Distribution Channel Manager A hotel distribution channel manager is a vital tool for hotels to manage and distribute their room inventory across various online booking platforms efficiently.

Overbooking 40

Overbooking Management Revenue Hotels 40

Hotel News Resource

DECEMBER 7, 2023

When we think about revenue management, we often think of large cities, overbookings, big box hotels and a competitive marketplace. We don't typically think of a 44-room inn located in a remote destination.

Overbooking 45

Overbooking Revenue Management Revenue Management 45

SiteMinder

JANUARY 21, 2024

The ultimate challenge for us was to maximise our occupancy rate each month and reduce our overbookings as much as possible.” “Moreover, managing OTA inventory and data insights with quality and completeness to further develop the analysis of our target customers was important but also difficult.”

Resorts 52

Resorts Overbooking OTA Occupancy 52

SiteMinder

OCTOBER 26, 2022

Things get harder when everything needs to be done manually, and the chance of overbooking is high. ” “Knowing the high turnover of rooms in our hotel, this is such an important feature to avoid overbooking,” explains Kadek. Yet Bali Garden Beach Resort has already said goodbye to those.

Resorts 105

Resorts Overbooking OTA Management 105

STAAH

JUNE 11, 2023

The manual nature of updates limited the OTA partners they could work with as the risk of overbooking and other errors was very high, especially as they frequently have connectivity issues. Prior to joining the STAAH network, the hotel staff spent endless hours updating availability and rates on OTAs. Find out more about this property here

Overbooking 85

Overbooking OTA Revenue Hotels 85

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

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

Hotelogix

APRIL 18, 2024

Overwhelming and a colossal waste of time…not to mention he frequently missed updating the OTAs, which led to overbooking. The genesis of this double-whammy was overbooking of course and a hotel channel manager was the right technology he needed at the time. Well, a vitriolic review is inevitable, is it not?

OTA 52

OTA Overbooking Cancellation Scale 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 79

Revenue Management Revenue Management Forecasting 79

STAAH

MARCH 31, 2024

Delayed and failed updates to rates and availability was a common occurrence resulting in overbookings. However, both previous platforms disappointed the hospitality group with their technology. The group often accepted lower rates during high demand periods to cope with the errors.

Resorts 89

Resorts Overbooking Hotels Revenue 89

SiteMinder

SEPTEMBER 6, 2023

There are several drawbacks to this approach… Preventing last minute overbookings Firstly, you may overbook your rooms. By synchronising room availability across all distribution channels, you eliminate the risk of overbooking. With your room now double-booked, you have to upgrade your guests or turn them away completely.

Overbooking 98

Overbooking Occupancy Revenue Hotels 98

STAAH

JANUARY 22, 2024

At the same time, availability is adjusted across all channels, which reduces the risk of overbookings. The integration of STAAH and the PMS means that reservation data is updated automatically and in real time. Direct bookings are on the rise with the deployment of STAAH’s SwiftBook.

Resorts 86

Resorts OTA Overbooking Revenue 86

SiteMinder

DECEMBER 3, 2023

The rapid growth in reservation volumes demonstrates the importance of innovative technologies that help to maximise a property’s revenue during travel peaks and avoid overbookings.”

Overbooking 59

Overbooking Revenue Hotels Accommodation 59

Little Hotelier

FEBRUARY 28, 2024

“But despite my best efforts, I struggled with double bookings, overbooking and lost reservations,” she recounts. I no longer have problems with overbookings and my business runs smoothly even while I’m out. I constantly had to be present to manage bookings from OTAs, Airbnb and direct channels,” she explained.

Operations 52

Operations Business Overbooking OTA 52

Little Hotelier

JULY 20, 2023

Hence the need for a solution dedicated to small properties to simplify and improve daily operations, integrate all channels, and remove overbookings and human errors.

Management 75

Management Overbooking OTA Small Business 75

STAAH

OCTOBER 15, 2023

This led to rate disparity, overbooking and inventory discrepancies. STAAH channel manager solves connection priorities With already a plateful to manage; not to mention reduced staff post-Covid-19, the idea to automate room distribution and pricing management was a very attractive opportunity and something STAAH could easily manage.

Overbooking 82

Overbooking Occupancy Accommodation Resorts 82

SiteMinder

OCTOBER 10, 2023

This ensures uniformity and minimises the risk of overbookings through real-time inventory management, rate management, booking management, auto sync, and additional features. The syncing process ensures that all your listings are updated in real-time, minimising the chance of overbooking or discrepancies.

Management 52

Management Overbooking Hotels Revenue 52

SiteMinder

DECEMBER 12, 2023

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.” SiteMinder’s unified platform has simplified the entire process, allowing us to manage all our sales channels from one central dashboard.

Resorts 105

Resorts OTA Overbooking Hotels 105

SiteMinder

JANUARY 30, 2023

After utilising these key features, Besral enjoys the freedom to accomplish more tasks in less time, reduce the chance of overbooking, and increase revenue – making his everyday life simpler and more enjoyable. Thanks Besral and keep up the great work at The Hanging Gardens of Bali!

Average Daily Rate 98

Average Daily Rate Global Distribution System Management Sales 98

Hotelogix

DECEMBER 7, 2023

Listing up on multiple OTAs without having the means to avoid overbookings and grab more customers is a vague idea.   Evaluate your resources to maintain your listing You must evaluate the availability of resources at your end to maintain your listing on an OTA platform. This task is done with the help of a channel manager.

OTA 107

OTA Overbooking ROI Hotels 107

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. It also minimises the possibility of making errors with bookings”.

Revenue 52

Revenue Management Small Business OTA 52

Little Hotelier

JULY 31, 2023

This ensures that your inventory is always up-to-date, reducing the risk of overbooking. This ensures that your inventory is always up-to-date, reducing the risk of overbooking. This ensures that your inventory is always accurate, reducing the risk of overbooking.

Cancellation 52

Cancellation Overbooking OTA Occupancy 52

SiteMinder

APRIL 28, 2022

One of these is overbookings. Two-way real time connections to OTAs minimizes overbooking potential, by blocking off booked rooms and updating rate changes instantly. There are numerous scenarios that could hinder a traveler’s stay. SiteMinder seeks to avoid situations such as these occurring through the use of specialized features.

Overbooking 52

Overbooking OTA Occupancy Hotels 52

Hotel Business

MARCH 14, 2024

This proactive approach minimizes the risk of overbooking or underutilization of rooms, ultimately improving revenue management and operational efficiency. Furthermore, AI can facilitate predictive analytics to forecast demand patterns accurately, allowing hotels to allocate resources efficiently and optimize inventory management.

Overbooking 59

Overbooking Revenue Upsell Forecasting 59

Little Hotelier

OCTOBER 11, 2023

Don’t overbook as a strategy Some accommodation providers deliberately overbook their rooms to anticipate cancellations. However, overbooking means that you risk double booking, which is not worth the risk. Instead of overbooking, look to your cancellation policies to make sure you don’t operate at a loss.

Maximum Length of Stay 52

Maximum Length of Stay Minimum Length of Stay Overbooking Occupancy 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

SiteMinder

DECEMBER 12, 2023

I have also seen an increase in direct bookings and less overbookings, which has boosted our revenue.” “I “Using SiteMinder has allowed us to change the way we manage our rooms and rates, resulting in a bookings increase of more than 10%,” he said. “I I can also do more things in less time,” he continued.

Revenue 52

Revenue Overbooking General Manager Hotels 52

Little Hotelier

JULY 25, 2023

It’s such a relief to know we’re not accidentally overbooking our property. Since using Little Hotelier , bookings are going directly into their PMS via the property’s website and coming in from OTAs via the channel manager feature.

OTA 98

OTA Overbooking Consumer Management 98

SiteMinder

MAY 2, 2023

At the same time, availability is adjusted across all channels, which reduces the risk of overbookings. “We 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

A Sales Guy

APRIL 10, 2017

United overbooked a flight. In an effort to maximize bookings and make sure flights are full, airlines commonly overbook anticipating people don’t show, miss their connections, etc. It happens, I get it. Unfortunately, every once in a while, everyone shows up. You maybe right, but what good does it do to be right, if you lose.

Overbooking 114

Overbooking Travel Sales Services 114

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. The KC Club team also wanted a partner with a better support model and a customer care team that is more responsive when it comes to addressing platform issues.

Revenue 74

Revenue Overbooking Resorts Occupancy 74

SiteMinder

NOVEMBER 23, 2022

” What’s more, Viki states, by using SiteMinder he’s able to finish a great deal of tasks more efficiently, reduce overbooking, reduce problems due to human-error, and make his work more enjoyable and easier. With SiteMinder, our revenue has increased by 30% from what it was before.”

Overbooking 105

Overbooking Hotels Revenue Consumer 105