Cancellation Global Distribution System Online Sales 
SiteMinder
DECEMBER 4, 2023
Hotel statistics may include occupancy rates, revenue figures, guest statistics, cancellation rates, booking channel statistics and more. globally next year. Online sales in the hotel segment will generate 80% of total revenue in 3 years. The average cancellation rate is 20%. Hotel occupancy will increase 2.5%
Cloudbeds
JULY 15, 2023
And when you receive a new booking from an OTA, it will show up in your Channel Manager (and PMS /CRS), and that room’s availability will be closed automatically across all distribution channels. The same happens with a cancellation. In the case of one-way sync, reservations or cancellations will not be imported.
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