Little Hotelier

MAY 31, 2023

What is the Booking.com cancellation policy? The Booking.com cancellation policy outlines the terms and conditions that apply when a guest cancels a reservation at your hotel. It includes specifics about refund procedures, penalties, and fees associated with cancellations.

Cancellation 52

Cancellation Revenue OTA Business 52

eZee Absolute

FEBRUARY 12, 2025

For hoteliers, events like this dont come often. Late Bookers Are Desperate Make It Work in Your Favor A week before the concert, most budget-friendly accommodations are already sold out. Dont Let Overbooking or Cancellations Kill Your Revenue With a major event like this, cancellations and no-shows are inevitable.

Revenue 52

Revenue Cancellation Overbooking Revenue Management 52

Little Hotelier

APRIL 28, 2023

What is a hotel cancellation policy? Hotel cancellation policies offer hotel guests the opportunity to cancel their booking up until a certain amount of days before check-in. Once this date has passed, the hotel might charge the guest a set cancellation fee, a percentage of the booking, or the full amount.

Cancellation 52

Cancellation Hotels Events Revenue 52

Hotel Business

NOVEMBER 16, 2023

In the last few years, many in-person meetings, events and conventions worldwide were canceled or postponed. However, in 2024, meeting, professional event and convention spending is projected to increase alongside in-person demand, according to a recent survey from American Express Global Business Travel.

Market 122

Market Marketing Construction Pipeline 122

STAAH

FEBRUARY 6, 2024

By deploying this strategy a hotel is insuring itself against possible cancellations by having secured guests who can fill cancelled bookings. Data must be used to inform how many no-shows or cancellations to expect so you can overbook by that much. 2) Use multiple data sources. 6) Train your staff to manage overbookings.

Overbooking 104

Overbooking Cancellation Upsell Revenue 104

Cloudbeds

AUGUST 21, 2023

An overbooking strategy is when a property purposefully books its inventory beyond capacity in anticipation that a certain amount of guests will cancel or not show up. The thought behind this tactic is that some cancellations – or “wash” – will happen. Sometimes, one or two overbookings are low risk because of future cancellations.

Overbooking 98

Overbooking Cancellation Occupancy OTA 98

Savvy Hotelier

AUGUST 5, 2020

A career in the event industry may seem pretty straightforward, you start off as an assistant or coordinator and move your way up to be Events Planner at a manager or director level. Today, I am going to uncover career opportunities in the Events sector of the hospitality industry. But as always I ask the question, Is that it?

Events 52

Events Cancellation Management Hiring 52

STAAH

DECEMBER 12, 2023

During peak holiday periods, consider adopting a revenue management system that factors in various parameters such as historical booking data, competitor pricing, local events, and even weather forecasts. Create attractive holiday-themed packages that include accommodation, festive meals, entertainment options, or exclusive amenities.

Target Marketing 104

Target Marketing Cancellation Revenue Forecasting 104

Amadeus Hospitality

MAY 25, 2023

Originally published in Hotel Online Before we dive in, be sure to visit our ultimate guide to grow events and group business for an all-encompassing rundown of events, sales and catering tips, data points and best practices. Additionally, the average number of attendees and event space used surpassed pre-pandemic levels.

Sales 88

Sales Business Events Travel 88

SiteMinder

DECEMBER 1, 2024

The following generic accommodation invoice template could be used by any type of accommodation business. Managing complex room invoicing scenarios Choose an invoicing tool that can handle situations like group stays, extended stays, cancellations, split payments and bundled services like packages or events.

Hotels 52

Hotels Revenue Accommodation Management 52

Social Tables

APRIL 22, 2019

With a proper site inspection checklist, you can thoroughly assess your event venue options to find the perfect fit for your audience and programs. A site inspection checklist is a tool event planners can use when visiting a location they’re considering for their next affair. Connect with at least three other event planners.

Events 102

Events Rack Rate Scale Sales 102

Inn Quest

OCTOBER 17, 2023

Here’s a brief explanation of the reasons why hotel overbookings happen: Uncertain Cancellations: Hotels anticipate a certain percentage of reservations to be canceled. However, when guests don’t cancel as expected, it can lead to overbooking. Why Do Hotel Overbookings Happen?

Overbooking 88

Overbooking Cancellation Forecasting Occupancy 88

Hotel Business

SEPTEMBER 9, 2024

Unexpected and uncontrollable external events abound. Extreme weather events, such as hurricanes or severe snowstorms, can ground flights and strand travelers. Hotels in the area would need to swiftly manage a wave of cancellations while simultaneously fielding new bookings for the rescheduled dates.

Travel 52

Travel Cancellation Scale Accommodation 52

SiteMinder

JUNE 11, 2024

We provide versatile accommodations which allow us to work with both long and short term guests,” she said. On top of that, it enhances our revenue management through dynamic pricing, optimising room rates based on demand, season, and events,” she continued. “It

Global Distribution System 98

Global Distribution System Revenue Hotels Cancellation 98

Social Tables

FEBRUARY 9, 2023

Your conference is a special event that deserves a special venue. With some creative thinking and careful planning, you can find a space that will help your event stand out and make a lasting impression on your guests. Plus, an unusual venue gives your conference a distinct identity and helps to build a unique brand for your event.

Events 78

Events Shopping Services Accommodation 78

Social Tables

DECEMBER 27, 2022

If they’re not interested or unavailable, or you’ve noticed that a reunion date is approaching without an event announcement, you may need to take it upon yourself. Measure interest in the event. Ask a range of questions, including: Are you interested in attending the event? What would former classmates want to see at the event?

Events 78

Events Scale Services Sales 78

Hotel Business

JULY 9, 2024

Its secure cargo space can accommodate as many as 32 standard-sized, 12-ounce coffee cups, while its shelving can be adjusted according to item size or load size. The solution also includes a booking engine and quotation tool to help event planners quickly find the space they need for their budget and requirements.

Services 104

Services Hotels Revenue Business 104

Hotelogix

OCTOBER 11, 2024

A no-show in the hotel industry occurs when a guest makes a reservation but fails to show up or cancel their booking in advance. Competing Offers: Guests may find better deals elsewhere or decide to stay with friends or family, leading to last-minute cancellations or no-shows. We want to accommodate you as best as we can!"

Cancellation 52

Cancellation Overbooking Occupancy Hotels 52

Little Hotelier

MARCH 25, 2024

Cancellation data: How types of guests and times of year affect cancellation and no-show rates. Outlier factors: How special events and unusual occurrences have historically affected demand (e.g. bad weather, surprise events or event cancellations). Adjust your goals as new information comes to light.

Forecasting 52

Forecasting Cancellation Average Length of Stay Revenue 52

Cloudbeds

NOVEMBER 8, 2023

Hotels accommodate various payment methods , including credit cards, debit cards, cash, digital wallets, and more, something Marcus says “is a flexibility not as common in other industries.” Weddings, events, and conferences are popular at hotels and require specialized billing and payment arrangements. Cancellations and refunds.

Management 98

Management Cancellation Operations Hotels 98

Fuel Travel

JULY 24, 2023

Event Reminders Selling event/attraction tickets AND room nights? The Betsy Hotel gets the word out about a featured event taking place at their hotel, as well as the option to RSVP so the hotel can track how successful the email send performs. Consumers change and hoteliers should adapt to accommodate what their audience wants.

Email Marketing 76

Email Marketing Market Marketing Consumer 76

SiteMinder

FEBRUARY 28, 2023

Many major destinations imposed new restrictions on how tourists from China could enter the country – to limit the potential for any significant COVID-19 events. Of the 10 markets surveyed, Chinese travellers are the most heavily concentrated in these two accommodation types.

Tourism 105

Tourism Travel Accommodation OTA 105

Hotelogix

APRIL 4, 2025

AI handles booking changes and cancellations quickly, making the process smooth. Prefabricated and Temporary Hotels Some hotels are using modular construction for faster and flexible accommodation options. Smart Pricing Strategies Dynamic pricing adjusts room rates in real time based on demand, local events, and competitor rates.

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Cloudbeds

APRIL 24, 2023

In some cases, the person may pay an advanced deposit and then cancel the reservation, requesting a refund to a different account. You will need this information in the event you receive a chargeback or request for a refund that you wish to dispute. Guests expect accommodation operators to keep their personal information secure.

Hotels 98

Hotels Cancellation Operations Consumer 98

Hotel Speak

SEPTEMBER 26, 2024

At a Hospitality Discussion event in September 2024, Travel Market Life gathered over 20 hoteliers and industry experts to delve into five core industry issues which are available through a five-part podcast series. Good weather can lead to a sudden spike in bookings, while poor weather can result in cancellations and slower demand.

Market 104

Market Marketing Hotels Forecasting 104

Cloudbeds

APRIL 24, 2023

In some cases, the person may pay an advanced deposit and then cancel the reservation, requesting a refund to a different account. You will need this information in the event you receive a chargeback or request for a refund that you wish to dispute. Guests expect accommodation operators to keep their personal information secure.

Hotels 92

Hotels Cancellation Operations Consumer 92

Little Hotelier

FEBRUARY 5, 2024

Learn more AdobeBooking AdobeBooking is an accommodation booking system that offers a “one-stop-shop to simplify your hotels’ booking operations”. Event and conference management tool: Alacer offers a tool for organising events and conferences, including the management of related hotel services like room reservations and restaurant bookings.

Management 59

Management Overbooking OTA Accommodation 59

Clock Software Hospitality

NOVEMBER 24, 2020

Millennials invest their spending potential in guest experiences and encourage their peers to do the same, which has resulted in a reversal of roles: independent hotels now cater heavily to luxury travel, while established brand chains are investing in affordable accommodation.

Upsell 52

Upsell Hotels Accommodation Events 52

eZee Absolute

SEPTEMBER 20, 2022

Back in the past, accommodation businesses wouldn’t bother to dig deeper and gain insights into their potential guests’ preferences. A guest journey can be defined as a collection of events that starts and goes beyond the physical walls of the hotel. She is also comparing options for transportation, accommodation, activities, etc.

OTA 96

OTA Hotels Travel Accommodation 96

Hotel Business

OCTOBER 19, 2023

People around the world have emotionally checked out of the news agenda and events at home in order to take a much-needed breather. The travel industry is already responding fast with tech-enabled flexible services, giving travelers the option to cancel, change plans and buy now, pay later at the press of a button.

Travel 114

Travel Accommodation Closing Tourism 114

SiteMinder

DECEMBER 4, 2023

Hotel industry statistics refer to data and metrics relating to hotels and other accommodations in the industry. Hotel statistics may include occupancy rates, revenue figures, guest statistics, cancellation rates, booking channel statistics and more. The average cancellation rate is 20%. s accommodation industry employs about 1.6

Occupancy 59

Occupancy Hotels Revenue Cancellation 59

Little Hotelier

APRIL 28, 2023

The best booking calendars grant a hotel the ability to manage their reservations from a single screen: you can view past reservations, modify existing reservations, cancel future reservations and more. Ensure all your booking channels connect and sync to your main accommodation booking calendar, and use it exclusively.

OTA 52

OTA Cancellation Hotels Accommodation 52

Clock Software Hospitality

JANUARY 12, 2021

Travel and accommodation have always gone hand in hand, and in a global economy, it is impossible to imagine what life would be like without either. Locations in demand are mostly local hotel chains, which either afford a shuttle or accommodate their own parking space. Is the wedding industry going to pull back from large scale events?

Hospitality 52

Hospitality Average Daily Rate Scale Events 52

Inn Quest

MAY 11, 2023

With the rise of alternative accommodations and online travel agencies, hotels need to adopt new strategies to attract customers and increase revenue. By using dynamic pricing strategies, hotels can also adjust prices for specific events or promotions to attract more customers and increase their revenue.

Revenue 88

Revenue Occupancy Hotels Marketing 88

Travelboom Marketing

MARCH 12, 2024

Hotel vs Airbnb Airbnb offers private accommodations that often feature amenities you might not find in a hotel but are standard in a home, like full kitchens and private outdoor spaces. Tailor your specials around area events like shows, festivals, and conferences. So, how does airbnb compete with hotels?

Hotels 52

Hotels Cancellation Digital Marketing Accommodation 52

Cloudbeds

OCTOBER 17, 2024

Dedicated groups & events page A simple way to secure more group business is to add a groups & events page to your website, where you can outline your USP and explain why you’re a great fit for certain groups. Although additional services may come with a fee, being added to hotel listings is typically free of charge.

OTA 76

OTA Occupancy Hotels Revenue 76

Little Hotelier

OCTOBER 11, 2023

hotels should consider a number of local factors, such as the climate, local holidays and events, school terms and target guests. If it’s an event of some kind, you can include tickets to the event in the room rate, as well as transport to and from the event. Learn more When is peak travel season for hotels?

Maximum Length of Stay 52

Maximum Length of Stay Minimum Length of Stay Overbooking Occupancy 52