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

Cloudbeds

These reports can shed light on booking trends, average length of stay, and guest preferences to help guide decision-making. With the Cloudbeds Booking Engine, your PMS and Channel Manager are automatically updated to prevent overbookings. Integration with Google Analytics.

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What is Yield Management: Guide for Hotels

SiteMinder

This can involve overbooking strategies to account for last-minute cancellations or no-shows. This involves tracking key performance indicators (KPIs) like Average Daily Rate (ADR), Revenue Per Available Room (RevPAR), and Gross Operating Profit Per Available Room (GOPPAR). This strategy aims to ensure maximum occupancy.

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Top Airbnb alternatives for hotels to expand their distribution

SiteMinder

Due to its longer average length of stay and diverse global customer base that is looking for more home-like accommodations, hotels are able to leverage Airbnb for distribution: simply by positioning larger or multi-bedroom room types, perhaps with kitchens or other amenities, to an audience that may previously not have landed on their own website.

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Hotel revenue forecasting: Definitions, models, and best practices

SiteMinder

Your average daily rate. Average length of stay. Work hard to reduce data errors such as incorrect segmentation, duplicate bookings, pending reservations, overbookings, or incorrect rate mapping or reservation dates. Need help forecasting, accessing real-time data, or staying ahead of your competitors?

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Hotel forecasting: Revenue, methods and reports

SiteMinder

Hotel forecasting methods to use A simple hotel forecasting model that your hotel can get started on is to use purely historical data to predict future outcomes.