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7 tips to make your overbooking strategy a success in 2024

STAAH

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.

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Late bookings: Guide to last minute bookings for hotels

SiteMinder

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.

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Maestro unveils 2024 tech roadmap

Hotel Business

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.

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What is a booking engine? How to increase profitability and direct bookings

Cloudbeds

It can be customized to fit your brand, cater to international audiences with multi-language and currency options, and offer add-ons or upsells to help you increase revenue. Upsells and add-ons. With the Cloudbeds Booking Engine, your PMS and Channel Manager are automatically updated to prevent overbookings.

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Want to increase your hotel’s revenue? Focus on guest experience

STAAH

These communications become a fantastic opportunity to upsell your services. Equally, for guests booking via other online channels, making sure your information, availability and rates are accurate is important to avoid overbookings that definitely leave a negative experience for guests. #4 2 Allow perosnalisation. 4 Smooth check-in.

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Driving direct bookings via your hotel website? Leverage the power of a booking engine.

Hotelogix

  Entice more audience: Since the booking happens on your website, you can roll out special offers and upsell relevant services to attract more guests.  Ensure your booking engine displays real-time availability and pricing via the Hotel PMS to avoid overbookings and guest dissatisfaction. 

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Chatrium Hotels & Residences “revolutionise” operations and find success with SiteMinder

SiteMinder

Collecting data, prioritising attention to detail, and optimising personalisation are all keys to perfecting upsells and ancillary services. 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.”