Remove Closed To Arrival Remove Overbooking Remove Target Marketing
article thumbnail

What is Yield Management: Guide for Hotels

SiteMinder

This can involve overbooking strategies to account for last-minute cancellations or no-shows. Competitor Analysis : Monitoring the pricing strategies and occupancy rates of competitors to understand market positioning and make informed pricing decisions. This strategy aims to ensure maximum occupancy.

article thumbnail

Hotel Revenue Management Strategies

Xotels

Various stay restrictions, such as minimum length of stay, maximum length of stay, combinations of minimum and maximum lengths, closed to arrival, closed to departure, and stay through restrictions, offer strategic tools for managing bookings. Revenue management starts by analysing the market and competition.