STAAH

JUNE 6, 2023

Furthermore, a booking engine can enable upselling and cross-selling opportunities by showcasing additional services, such as spa treatments or restaurant reservations, during the booking process. The system can also handle dynamic pricing, allowing hotels to adjust rates based on demand, seasons, or other factors.

Cancellation 85

Cancellation OTA Global Distribution System Revenue 85

SiteMinder

OCTOBER 15, 2023

They can also be known as distribution channels and are crucial for ensuring your hotel maintains a healthy occupancy rate and revenue stream. Examples of booking channels include your own website, online travel agents like Booking.com, metasearch sites like Google, traditional travel agencies, global distribution systems (GDS), and more.

Global Distribution System 59

Global Distribution System OTA Revenue Hotels 59

Cloudbeds

FEBRUARY 28, 2024

The information is then populated into the PMS and distributed to the hotel’s booking channels with the help of channel management software. These channels may include the hotel’s website booking engine, online travel agencies (OTAs), the global distribution system (GDS), wholesalers, and metasearch sites.

Revenue Management 98

Revenue Management Hotels Revenue Operations 98

Cloudbeds

OCTOBER 17, 2024

Indirect channels, such as OTAs, metasearch sites, Global Distribution Systems (GDS) such as Amadeus and Sabre, travel agents, tour operators, and wholesalers, are third-party platforms that serve as intermediaries by listing hotel rooms.

OTA 76

OTA Occupancy Hotels Revenue 76

Fuel Travel

JULY 11, 2024

If the hotel is using a revenue management platform, the specific rates are managed and optimized in either that system or in the PMS itself. A secure, seamless connection ensures that this data is shared in real time, preventing overbooking and cancellations. Does hotel booking software offer any upselling or cross-selling features?

Upsell 52

Upsell Overbooking Hotels OTA 52

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.

Management 76

Management OTA Cancellation Overbooking 76

SiteMinder

JANUARY 8, 2024

For instance, you can evaluate which channel is delivering the most reservations, contributing the most to overall revenue, has the highest cancellation rate, or which has the largest or smallest lead time. The more information you have about your channel performance, the more tweaks you can make to optimise your distribution mix.

Operations 59

Operations Management OTA Hotels 59