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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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Hotel overbookings: What are the pros and cons and how can you make the most of an overbooking strategy?

SiteMinder

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?

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OTA & Direct Booking: Finding The Right Balance

STAAH

Finding the right balance between OTAs and direct bookings is a crucial strategy for hotels and accommodation providers for success. This also helps foster brand loyalty. While OTAs can significantly boost visibility and occupancy, direct bookings are crucial for maximising profitability and fostering brand loyalty.

OTA 109
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Top 4 Benefits of Seasonal Pricing for Hotels

Inn Quest

This approach not only strengthens the hotel’s brand but also fosters customer loyalty, as guests are more likely to return to a hotel that consistently offers attractive prices and excellent service. During peak seasons, when rooms are in high demand, higher rates can help control the rate of bookings, preventing overbooking scenarios.

Hotels 88
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Makai Nap improves operations and boosts bookings with Little Hotelier

Little Hotelier

Makai Nap , a new beachfront accommodation in the Thai Mueang district of Phang Nga, Thailand, takes its name from a Hawaiian phrase meaning ‘towards the sea’. Each room type at Makai Nap caters to different needs, whether guests are looking for a standard room, a double-space setup, or family accommodation.

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Grün Resorts Bali relies on SiteMinder to support rapid growth

SiteMinder

As a boutique hospitality brand, Grün Resorts offers unforgettable holiday experiences at its properties in Uluwatu, Canggu, Canggu Garden, and Ubud. The switch to SiteMinder was driven by the need for quick integration and to avoid overbookings as the number of rooms, and volume of reservations, increased.

Resorts 52
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How To Select The Right OTAs For Your Hotel - A Comprehensive Guide

Hotelogix

To be very precise, it has shaped the way guests book their accommodations at hotels. Listing up on multiple OTAs without having the means to avoid overbookings and grab more customers is a vague idea. The advent of Online Travel Agencies (OTAs) has revolutionized the hospitality sector.

OTA 107