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. The consequences can greatly impact the revenue streams, occupancy rates, and guest satisfaction. Skewed Occupancy Data Accurate occupancy data is important for hotels to make informed decisions.

Cancellation 52

Cancellation Occupancy Overbooking Hotels 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. It analyses several factors including demand, season, occupancy forecast, and competitor pricing, etc. This would lead to overbooking and double booking. For example, you sell your rooms on 5 OTAs.

OTA 52

OTA Management Overbooking Cancellation 52

SiteMinder

SEPTEMBER 6, 2023

While they can be a wild card in the hotel management game, they offer a unique opportunity to maximise occupancy and revenue. Last-minute hotel room bookings have a range of benefits including: Maximised occupancy : Filling rooms at the eleventh hour ensures that you’re making the most of your available inventory.

Overbooking 98

Overbooking Occupancy Revenue Hotels 98

Little Hotelier

JULY 31, 2023

It’s designed to maximise hotel occupancy through its distribution channels. It’s a powerful tool that can help you drive maximum occupancy and increase your hotel’s visibility. This ensures that your inventory is always up-to-date, reducing the risk of overbooking. What is MaxiRoom?

Cancellation 52

Cancellation Overbooking OTA Management 52

Little Hotelier

OCTOBER 11, 2023

This is exciting for your business because it presents an opportunity to push the limits of your occupancy and cash-in on increased revenue. Strategies to prepare for peak season in the hotel industry When peak season is just around the corner, it’s exciting – you’re looking forward to welcoming guests and having full occupancy.

Maximum Length of Stay 52

Maximum Length of Stay Minimum Length of Stay Overbooking Occupancy 52

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

STAAH

JUNE 11, 2024

A smart booking engine such as SwiftBook can help you make optimised decisions via dynamic pricing as well as offer discounts, loyalty programmes, free amenities or flexible cancellation policies for guests who book directly. Participate in OTA promotions selectively, targeting periods of low occupancy or launching new offerings.

OTA 91

OTA Shopping Occupancy Overbooking 91

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. Maximize your occupancy and avoid overbookings by centralizing your inventory and pricing.

Management 52

Management Global Distribution System Overbooking OTA 52

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. Moreover, with real-time updates, last-minute bookings are handled seamlessly, making sure you maximise your room occupancy and revenue.

Management 59

Management Overbooking OTA Hotels 59

SiteMinder

JUNE 12, 2024

Learn more Yield management vs revenue management The goal of yield management is not merely to increase room rates or occupancy; rather, it’s to maximise your hotel’s revenue by forecasting your room supply and demand across a variety of key factors. This strategy aims to ensure maximum occupancy.

Yield Management 98

Yield Management Management Revenue Management Revenue 98

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. Why it matters: Data-driven decisions lead to better performance.

Upsell 52

Upsell Overbooking Hotels OTA 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. Reporting and analytics The software includes robust reporting and analytics capabilities, allowing hoteliers to track key performance metrics, such as occupancy rates, revenue, and guest demographics.

Management 59

Management Overbooking OTA Accommodation 59

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. Optimized Revenue Management : A CRS allows for dynamic pricing, adjusting room rates based on demand to optimize occupancy and revenue. Why is a Central Reservation System Important for Hotels?

OTA 52

OTA Revenue Hotels Global Distribution System 52

Xotels

APRIL 3, 2024

Key factors considered in market segmentation include length of stay , day-of-week stays, total revenue per room , total revenue per client, booking lead time, cancellation percentage, and no-show ratio. The graph considers cancellations and identifies peak or slow booking days.

Revenue Management 76

Revenue Management Revenue Management Ancillary Revenue 76

Hotelogix

SEPTEMBER 12, 2024

They can also take requests for booking cancellation/modification and room upgrades, etc, with ease. A Hotel PMS provides several operational reports, including a history and forecast report, revenue report, reservation report, housekeeping report, night audit report, financial report, guest history report, occupancy reports, etc.,

Management 52

Management Revenue Management Hotels Operations 52

Cloudbeds

APRIL 2, 2024

room types, maximum occupancy, stay restrictions, etc.), If at some point the reservation gets canceled, the process is undone, and the room will appear available again. The RMS will pull reservation data from the CRS to update occupancy and optimize room rates based on the hotel’s dynamic pricing strategy.

Revenue Management 52

Revenue Management Occupancy Revenue Hotels 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 Revenue Hotels Operations 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 76

Revenue Management Revenue Management Forecasting 76

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

SiteMinder

MARCH 16, 2023

Benefits of Reservation System for Hotels A hotel reservation system software is the helping hand you need to keep your occupancy up, even during the slow times and make sure everything is running smoothly. The risk of overbooking rooms is massively reduced, which significantly improves the smoothness of your hotel operations.

Overbooking 52

Overbooking Hotels Accommodation Global Distribution System 52

Hotelogix

OCTOBER 18, 2023

This prevents overbookings, eliminates misunderstandings, and ensures that guests receive precise information when making reservations. This leads to better utilization of room inventory and maximizes occupancy rates. This attention to detail contributes to guest loyalty and positive reviews.

Business 40

Business Global Distribution System Cancellation Hotels 40

eZee Absolute

OCTOBER 16, 2023

Increased Bookings and Revenue: eZee’s reservation management system eliminated the chaos of overbookings and cancellations, leading to increased bookings and improved revenue. With a more efficient booking process, the resort achieved higher occupancy rates and a substantial boost in income.

Resorts 52

Resorts Tourism Fair Share Operations 52

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

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

Cloudbeds

JUNE 8, 2023

From increasing occupancy to generating direct bookings and increasing ADR, lodging operators have a lot on their plate. At full occupancy , that’s $6,375 in potential revenue each day. At its average occupancy rate of 72%, the average revenue per night is $4,590. No more overbookings. of revenue per hour.

Management 98

Management Hotels Revenue Digital Marketing 98