Xotels

JANUARY 18, 2021

One of the components needed to apply a hotel revenue management is market segmentation. It allows you to target and market to a variety of consumer groups with different behaviour with an offer that matches their needs and budget level. What is Hotel Market Segmentation? The price does not decide the market segmentation.

Hotel Marketing 40

Hotel Marketing Market Marketing Revenue Management 40

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

JULY 31, 2023

MaxiRoom is equipped with a range of features aimed at optimising your hotel’s performance across Hotelbeds’ worldwide markets and channels. Marketing tools : Little Hotelier offers a range of marketing tools to help you attract more guests.

Cancellation 52

Cancellation Overbooking OTA Management 52

SiteMinder

JUNE 24, 2024

This commission covers the cost of listing your property on their platform, accessing their extensive customer base, and using their marketing tools. Cancellation fee If a guest cancels a booking, Booking.com might charge a cancellation fee to that guest. Overbooking. Does Booking.com include resort fees?

Cancellation 52

Cancellation Overbooking Revenue OTA 52

Xotels

APRIL 3, 2024

This is done by thoroughly understanding your property, its customers, and the market. Understand your Hotel´s Market The success of your revenue management strategy depends on how well you understand your market. This is one of the first steps when creating a revenue management strategy, performing thorough market research.

Revenue Management 76

Revenue Management Revenue Management Ancillary Revenue 76

SiteMinder

JUNE 12, 2024

By understanding and anticipating guest behaviour and market dynamics, hotels can optimise their pricing strategies to boost their bottom line. It’s a testament to how industries adapt, grow, and refine their strategies in response to changing market dynamics and customer expectations.

Yield Management 98

Yield Management Management Revenue Management Revenue 98

STAAH

NOVEMBER 8, 2022

One of the rising innovations taking off in hotel revenue management is the growing sophistication of overbooking controls, which provides hotels control over excess bookings and cancellations to fly as close as possible to 100 percent occupancy consistently.

Revenue Management 98

Revenue Management Revenue Management Forecasting 98

Hotelogix

OCTOBER 24, 2024

There are several types of hospitality technology solutions that are available in the market. Your front desk staff can use a Hotel PMS to accept, cancel, and modify reservations based on your guests’ requirements. This would lead to overbooking and double booking. This too, helps you avoid overbooking and double booking.

OTA 52

OTA Management Overbooking 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. As per reports , the hotel channel management market size is expected to be US $1483 million by 2032.

Management 52

Management Global Distribution System Overbooking OTA 52

SiteMinder

OCTOBER 10, 2023

Once a room is booked on Agoda, the channel manager ensures that it’s taken off the market, eliminating the potential for double bookings. 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.

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

Hotelogix

APRIL 18, 2024

One hotelier in Tanzania (now a client), would log into every OTA and update his room inventory whenever there was a booking or a cancellation. For his twelve-room property, on average, he would receive nine bookings and about two cancellations per day, and his business was listed on eight OTAs.

OTA 52

OTA Overbooking Cancellation Business 52

Cloudbeds

JULY 15, 2023

And even then, manually-managed distribution is risky: any delays in updating rates and availability on a channel’s extranet could mean selling a room that isn’t available or selling at a lower rate, which can lead to overbooking and sub-optimal yield management. The same happens with a cancellation.

Management 76

Management OTA Cancellation Overbooking 76

Little Hotelier

OCTOBER 11, 2023

Review your rates & packages Look around at the market – are your rates competitive? Don’t overbook as a strategy Some accommodation providers deliberately overbook their rooms to anticipate cancellations. However, overbooking means that you risk double booking, which is not worth the risk.

Maximum Length of Stay 52

Maximum Length of Stay Minimum Length of Stay Overbooking Occupancy 52

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. Automate your property's operations Use Little Hotelier’s software to manage reservations, guest communications and marketing to drive bookings with minimal hassle. Cancel anytime.

Management 59

Management Overbooking OTA Accommodation 59

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

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

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

eZee Absolute

NOVEMBER 6, 2024

Another guest complained about delayed responses to their queries, while the hotel’s management struggled to keep track of bookings and cancellations. A group of guests arrived, only to find their bookings misplaced due to manual errors.

Cancellation 52

Cancellation Operations Hotels Overbooking 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

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. Revenue Maximization : By using dynamic pricing, a CRS adjusts your room rates according to demand and market trends. A CRS automates this process, ensuring smooth management of reservations.

OTA 52

OTA Revenue Hotels Global Distribution System 52

Catala Consulting

JULY 30, 2023

The science of resort revenue management transforms various factors, such as booking patterns, guest behaviour, market trends, and competitor analysis, into tangible insights that drive financial performance. By grasping the market dynamics and customer preferences, they can make informed decisions and seize lucrative opportunities.

Revenue Management 52

Revenue Management Revenue Resorts Management 52

Cloudbeds

JUNE 8, 2023

This year, more properties will invest in technology to help create new revenue opportunities, build better websites , manage marketing campaigns, automate services, and improve the guest experience. If you were to invest that 15 minutes (or $47.82) into marketing or technology that earned a new booking, you’d nearly quadruple your money.

Management 98

Management Hotels Revenue Digital Marketing 98

eZee Absolute

OCTOBER 16, 2023

After thorough market research and trying a handful of hotel solutions, they came across eZee (now Yanolja Cloud) and wanted to give it a try. 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

Clock Software Hospitality

NOVEMBER 24, 2020

Independent hotels have seen significant growth since online travel agencies transformed the hospitality market place. The same goes with the reverse, late cancellations are automatically relisted, allowing the hotel to optimise its revenue potential.

Upsell 52

Upsell Hotels Accommodation Events 52

Xotels

APRIL 3, 2024

This is done by thoroughly understanding your property, its customers, and the market. Understand your Hotels Market The success of your revenue management strategy depends on how well you understand your market. This is one of the first steps when creating a revenue management strategy, performing thorough market research.

Revenue Management 40

Revenue Management Revenue Management Ancillary Revenue 40

Social Tables

SEPTEMBER 21, 2023

What are your event cancellation policies ? Overbooking: Double-booking or overbooking restaurant event spaces can increase staff stress and decrease customer service. Market a monthly trivia night or quarterly wine pairing dinner via social media, email, and creative cross-promotional campaigns with other local businesses.

Events 88

Events Dining Services Accommodation 88

SiteMinder

MARCH 16, 2023

The risk of overbooking rooms is massively reduced, which significantly improves the smoothness of your hotel operations. That’s very useful for you to know and will help you improve both customer service and hotel marketing, tailoring your campaigns to attract the most motivated guests to your hotel brand.

Overbooking 52

Overbooking Hotels Accommodation Management 52

Little Hotelier

FEBRUARY 5, 2024

This gives you a central place to monitor and manage reviews across Booking.com, Expedia, Airbnb and so many more – Little Hotelier is able to connect with more than 450 different channels , by far the most of any such solution on the market. Cancel anytime. Single calendar view to prevent overbookings or reservations being missed.

Management 59

Management OTA Hotels Accommodation 59

Cloudbeds

APRIL 2, 2024

From managing hundreds of rate plans across multiple channels to crafting highly segmented and tailored marketing campaigns, hoteliers need the right tools to execute their strategies effectively. If at some point the reservation gets canceled, the process is undone, and the room will appear available again.

Revenue Management 52

Revenue Management Occupancy Revenue Hotels 52

Hotelogix

OCTOBER 18, 2023

This prevents overbookings, eliminates misunderstandings, and ensures that guests receive precise information when making reservations. This increases visibility, boosts bookings, and helps hotels tap into new markets. Research and Select Research different Hotel Reservation System providers in the market.

Business 40

Business Global Distribution System Cancellation Hotels 40

SiteMinder

OCTOBER 20, 2022

The answer is rooted in what makes Airbnb different from incumbents in short-term rental, that were there before Airbnb entered the market, and also how Airbnb competitors differentiate themselves. With its brand recognition strongest in Asia, the guest source market is Asia, but the platform does provide listings in more than 200 countries.

Hotels 52

Hotels Average Length of Stay Accommodation Management 52

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. It improves a hotel's online visibility and sales while eliminating overbooking. 

Hotels 52

Hotels Revenue OTA Management 52

Catala Consulting

FEBRUARY 24, 2025

Demand Forecasting: Selling the Right Room at the Right Time Hotels use historical data, market trends, and real-time analytics to predict demand and adjust their distribution accordingly. Hotels that leverage these technologies reduce overbooking, optimize revenue, and maintain a balanced distribution mix.

Global Distribution System 52

Global Distribution System OTA Forecasting Revenue Management 52