Little Hotelier

MAY 12, 2024

As a new business, it was vital to attract customers and create business turnover. When we first started the business, we didn’t know which channels to sell through and what to do if overbooking occurs when selling through multiple channels at the same time,” said Licha.

Overbooking 52

Overbooking Cancellation Accommodation Intent 52

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. How No-Shows Impact Hotels?

Cancellation 52

Cancellation Overbooking Occupancy Hotels 52

STAAH

NOVEMBER 8, 2022

With most hoteliers still relying on domestic travellers, the prime booking window is 0-3 days for business properties, out of which same day booking is the strongest,” says Kamal Kishore from Redsky Hospitality. The flexibility factor is now more in play than ever before as last-minute cancellation are common post Covid.

Revenue Management 98

Revenue Management Revenue Management Forecasting 98

SiteMinder

JUNE 24, 2024

Cancellation fee If a guest cancels a booking, Booking.com might charge a cancellation fee to that guest. This fee policy helps protect your revenue and ensures that cancellations do not significantly impact your income. There are some scenarios in which Booking.com won’t charge a cancellation fee. Overbooking.

Cancellation 52

Cancellation Overbooking Revenue OTA 52

Hotelogix

APRIL 18, 2024

What induces anxiety and ennui in those who manage such businesses Well, we asked this question to hundreds of hoteliers in the past few months and came up with this word cloud that you see below. Depending on where a hotelier is in their business journey, a particular set of pain points seems to take precedence over others.

OTA 52

OTA Overbooking Cancellation Business 52

Hotelogix

OCTOBER 24, 2024

Your front desk staff can use a Hotel PMS to accept, cancel, and modify reservations based on your guests’ requirements. Not only this, a Hotel PMS plays a crucial role when it comes to helping you with all crucial business-related data, otherwise known as KPIs. This would lead to overbooking and double booking.

OTA 52

OTA Management Overbooking Cancellation 52

SiteMinder

JUNE 12, 2024

Yield management is a pricing and revenue management strategy that is used to maximise business performance. Table of contents History and development of yield management Yield management, which originated in the airline industry, marked a revolutionary shift in how businesses approached supply and demand. What is Yield Management?

Yield Management 98

Yield Management Management Revenue Management Revenue 98

SiteMinder

OCTOBER 10, 2023

Control your OTA listings and earn more revenue Say goodbye to overbookings and hello to maximised revenue with real-time inventory and rate management with SiteMinder’s channel management solution. Booking management Handling reservations, cancellations, and modifications is a breeze with our Agoda channel manager.

Management 59

Management Overbooking OTA Hotels 59

eZee Absolute

SEPTEMBER 26, 2024

It’s when a guest books a room but simply doesn’t turn up without canceling. You’ve got the solo traveler who forgets about the booking, the big group that cancels last minute, and then there’s the mysterious disappearance act – no clue why they didn’t show up. There are a few different types of no-shows.

Cancellation 52

Cancellation Hotels Revenue OTA 52

SiteMinder

JULY 21, 2024

After all, we are a seasonal business,” explained Peter, who closes the hotel in the winter months. Change your business and your life What if you could boost your hotel's revenue while also reducing your workload and giving yourself more free time? Bookings and cancellations are processed immediately and automatically.

Operations 52

Operations Overbooking Hotels Cancellation 52

Inn Quest

AUGUST 15, 2023

Hotels face a daunting challenge as travelers seek convenience and competitive prices: how to efficiently manage their room inventory across multiple online distribution channels while maintaining real-time updates and avoiding overbooking. Choose one that fits your budget and business requirements.

Management 52

Management Global Distribution System Overbooking OTA 52

Cloudbeds

JULY 15, 2023

For growing hospitality businesses, a channel manager is a fundamental part of successful revenue management and distribution strategy. In this guide for hospitality professionals, you’ll learn all about Channel Managers, from how they work to what makes great software for your business specifically. What is a channel manager?

Management 76

Management OTA Cancellation Overbooking 76

Little Hotelier

FEBRUARY 5, 2024

This feature helps streamline the booking process, reducing the risk of overbooking and ensuring a smooth check-in experience for guests. Features General management software: Alacer’s software provides tools for managing various aspects of hospitality businesses, aiming to simplify routine operations and improve staff efficiency.

Management 59

Management Overbooking OTA Accommodation 59

eZee Absolute

NOVEMBER 6, 2024

A Wake-Up Call in the Himalayas It was a busy summer season when Hotel Stone Hedge faced a series of unfortunate events. Another guest complained about delayed responses to their queries, while the hotel’s management struggled to keep track of bookings and cancellations.

Cancellation 52

Cancellation Operations Hotels Overbooking 52

Xotels

APRIL 3, 2024

In short, revenue management is a disciplined approach that aims to increase the revenue success of your business. Without a solid revenue management strategy, a hotel will just get lost in the pile of other hotels – being unable to reach satisfactory visibility and level of business to remain open.

Revenue Management 76

Revenue Management Revenue Management Ancillary Revenue 76

Little Hotelier

OCTOBER 11, 2023

Holiday periods are a busy time for everyone, and for a lot of people a mid-year break or festive period is the perfect opportunity to travel. This is exciting for your business because it presents an opportunity to push the limits of your occupancy and cash-in on increased revenue.

Maximum Length of Stay 52

Maximum Length of Stay Minimum Length of Stay Overbooking Occupancy 52

Cloudbeds

FEBRUARY 28, 2024

When travelers book through your website, they can make changes or cancel directly with your property, giving them peace of mind. As a lodging operator, you can implement deposit and cancellation policies as a safeguard in case of no-shows. Reassure travelers and protect your bottom line. Manage rates and availability in real-time.

Revenue Management 98

Revenue Management Hotels Revenue Operations 98

Hotelogix

OCTOBER 18, 2023

In this comprehensive guide, we delve into what a hotel reservation system entails and highlight its pivotal role in modern hotel businesses' success. It enhances guest satisfaction, optimizes operational efficiency, and drives revenue growth for your hotel business. 

Business 40

Business Global Distribution System Cancellation Hotels 40

Social Tables

SEPTEMBER 21, 2023

Have you ever attended a birthday party, holiday gathering, or business meeting at a restaurant? You shouldn’t have to change up your entire business to accommodate events if you utilize restaurant spaces well. Work with the space you have, and look for opportunities to increase profits—in and outside of standard business hours.

Events 88

Events Dining Services Accommodation 88

Xotels

JANUARY 18, 2021

As a revenue manager or hotelier, your hotel market segmentation shall help to identify the purpose of the trip: either business or leisure. A clear distinction must also be achieved between individual and group business. Cancellation %. The Group segment is a versatile mix of leisure as well as business guests.

Hotel Marketing 40

Hotel Marketing Market Marketing Revenue Management 40

Hotelogix

APRIL 4, 2025

Those that don’t keep up risk losing business. AI handles booking changes and cancellations quickly, making the process smooth. Real-time room management: Instantly updates reservations across platforms to prevent overbookings. Hotels are changing fast.

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SiteMinder

OCTOBER 10, 2023

This centralisation is crucial in averting overbooking or underselling scenarios, which could tarnish your hotel’s reputation and result in revenue loss. Moreover, in the event of cancellations or changes in booking, the system instantaneously adjusts the availability, ensuring that every booking opportunity is capitalised upon.

Management 59

Management Overbooking OTA Hotels 59

Cloudbeds

JUNE 8, 2023

Having the right tool can mean the difference between working on your business and working in it. As a busy hotelier, every second of the day counts. You’re busy enough as it is. This means you can get real-time updates and check in on business from anywhere with internet access – even after you’ve gone home for the day.

Management 98

Management Hotels Revenue Digital Marketing 98

Catala Consulting

JULY 30, 2023

Resort revenue management has become an indispensable tool for businesses, fostering strategies that maximize yield and build strong customer relationships. Originating from the airline industry, this approach has been effectively integrated into the resort business model. Why is Revenue Management Imperative for Resorts?

Revenue Management 52

Revenue Management Revenue Resorts Management 52

Fuel Travel

JULY 11, 2024

It also prevents overbooking and keeps everything in sync, allowing guests to tailor their stay preferences and enhance their experience. A secure, seamless connection ensures that this data is shared in real time, preventing overbooking and cancellations. Can hotel booking software help me manage overbookings and availability?

Upsell 52

Upsell Overbooking Hotels OTA 52

eZee Absolute

DECEMBER 11, 2023

By providing real-time updates, it ensures that all connected channels reflect the most accurate and up-to-date information, preventing overbooking or underbooking while maintaining rate parity. Imagine you have a fully booked weekend, and suddenly a room is available due to a last-minute cancellation. But fear not! It’s a win-win!

Management 59

Management OTA Overbooking Global Distribution System 59

SiteMinder

MARCH 16, 2023

Table of contents Types of Hotel Room Reservation Systems There are different types of reservation systems in the hospitality industry primarily based on property type, hotel preferences, and business needs. The risk of overbooking rooms is massively reduced, which significantly improves the smoothness of your hotel operations.

Overbooking 52

Overbooking Hotels Accommodation Management 52

Hotelogix

SEPTEMBER 12, 2024

They can also take requests for booking cancellation/modification and room upgrades, etc, with ease. They are also responsible for strategic planning to ensure the success of a hotel business. to make key business decisions. to make key business decisions.

Management 52

Management Revenue Management Hotels Operations 52

Cloudbeds

JANUARY 10, 2025

And yet, many hotels overlook metasearch in their digital marketing strategy , missing out on opportunities to reach a broader segment of travelers, compete for business with online travel agencies (OTAs), and drive direct bookings. What is hotel metasearch marketing?

Cost Per Click 52

Cost Per Click Market Marketing OTA 52

Little Hotelier

FEBRUARY 5, 2024

Hotels are businesses that rely on reputations more than most. Designed to streamline operations and generate more bookings, it is the go-to all-in-one solution for small hotel businesses. Cancel anytime. Single calendar view to prevent overbookings or reservations being missed. Little Hotelier No lock-in contract.

Management 59

Management OTA Hotels Accommodation 59

Clock Software Hospitality

NOVEMBER 3, 2020

Manage Room Inventory Your hotel’s occupancy is the main metric by which you judge how well your business is doing at the moment. Having complete control over occupancy 24/7 will certainly cut down on the manpower it takes to keep inventory in order and prevent unwanted overbookings.

Hospitality 52

Hospitality OTA Revenue Management Hotels 52

eZee Absolute

OCTOBER 16, 2023

This not only made day-to-day operations more complicated and time-consuming but also restricted the resort’s capacity to expand its business. Increased Bookings and Revenue: eZee’s reservation management system eliminated the chaos of overbookings and cancellations, leading to increased bookings and improved revenue.

Resorts 52

Resorts Tourism Fair Share Operations 52

Hotelogix

OCTOBER 24, 2024

  Without it, hotel staff would have to update each room's availability manually which could lead to errors such as overbookings. You can charge higher during the peak seasons and still stay competitive during the off-season when business is slow. A CRS automates this process, ensuring smooth management of reservations.

OTA 52

OTA Revenue Hotels Global Distribution System 52

Cloudbeds

APRIL 2, 2024

The number of booking channels lodging businesses must manage has expanded exponentially, from their website to online travel agencies , bed banks, GDS’, and metasearch engines. If at some point the reservation gets canceled, the process is undone, and the room will appear available again. Busy Rooms.

Revenue Management 52

Revenue Management Occupancy Revenue Hotels 52

Xotels

APRIL 3, 2024

In short, revenue management is a disciplined approach that aims to increase the revenue success of your business. Without a solid revenue management strategy, a hotel will just get lost in the pile of other hotels being unable to reach satisfactory visibility and level of business to remain open.

Revenue Management 40

Revenue Management Revenue Management Ancillary Revenue 40

Hotelogix

OCTOBER 19, 2023

It also aids in managing reservation cancellations and modifications, accepting reservations, sending confirmation emails, extending self-service facilities to guests, processing payments, etc. These reports help hotels make data-driven decisions to improve business outcomes. 

Hotels 52

Hotels Revenue OTA Management 52

SiteMinder

OCTOBER 20, 2022

With hindsight, Airbnb is not only a growing business that has just received a bullish rating by global investment firm AB Bernstein for how it ‘uniquely inspires’ customers, but it also hosts hotels on its platform. Perhaps the question never should have been about competition, but about distribution.

Hotels 52

Hotels Average Length of Stay Accommodation Management 52