Little Hotelier

OCTOBER 30, 2024

It allows you to automate time-consuming tasks, reduce manual work, and keep everything—from bookings to payments—in one place. This will save you from the hassle of manual updates and reduce the risk of overbookings or missed payments. Upselling integrations Maximise your revenue by integrating upselling tools into your PMS.

OTA 59

OTA Motels Upsell Overbooking 59

SiteMinder

JUNE 12, 2024

This can involve overbooking strategies to account for last-minute cancellations or no-shows. Overbooking Strategy : Intentionally accepting more reservations than available rooms, anticipating that a certain percentage of guests will cancel or not show up. This strategy aims to ensure maximum occupancy.

Yield Management 98

Yield Management Management Revenue Management Revenue 98

Cloudbeds

OCTOBER 9, 2024

By combining Cloudbeds’ innovative property management system (PMS) with STS Cloud’s robust event management and sales capabilities, hoteliers can prevent overbookings, optimize room and event inventory, and deliver personalized service to win more deals.

Events 59

Events Sales Operations Sales Process 59

Cloudbeds

APRIL 15, 2024

The hospitality industry is notorious for the number of time-consuming and tedious tasks that must be completed every single day. Automation plays a critical role in distributing inventory across various channels, ensuring that availability and rates are consistently updated across channels in real-time to reduce the risk of overbookings.

Revenue Management 98

Revenue Management Hotels Operations Revenue 98

Cloudbeds

FEBRUARY 28, 2024

If the components aren’t integrated, the revenue manager must perform these tasks manually, a time-consuming and error-prone process. When travelers book on your website, you can upsell them to premium rooms and cross-sell onsite services and add-ons like breakfast, dining, spa, and recreation. Generate more revenue.

Revenue Management 98

Revenue Management Hotels Revenue Operations 98

Xotels

APRIL 3, 2024

Guest & Market Segmentation Hotel market segmentation is an important component of effective revenue management, allowing hotels to target diverse consumer groups based on their behaviours and budget levels. Mapping out these questions out in your strategy will help to set realistic goals.

Revenue Management 76

Revenue Management Revenue Management Ancillary Revenue 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. In the case of one-way sync, reservations or cancellations will not be imported.

Management 76

Management OTA Cancellation Overbooking 76

Cloudbeds

JUNE 8, 2023

When you don’t have an organized system or use complicated technology, the training process can be time-consuming and frustrating for everyone. Reservations made on your website should automatically sync with your hotel property management system and across all your OTA channels so you don’t get overbookings. No more overbookings.

Management 98

Management Hotels Revenue Digital Marketing 98

Hotelogix

OCTOBER 19, 2023

It improves a hotel's online visibility and sales while eliminating overbooking.  It also helps in upselling and cross-selling for more revenue.    Booking Engine: It aids in generating more direct bookings via the hotel's website and Facebook pages.

Hotels 52

Hotels Revenue OTA Management 52

SiteMinder

OCTOBER 11, 2022

From collating data in one place to automation processes – these are key to ensuring time-consuming activities are completed quickly, boosting overall efficiency. A PMS also significantly reduces the risk of overbooking your rooms, directly improving the guest experience at your property. Easy reservation and upselling processes.

Hotels 52

Hotels Management Revenue Management Revenue 52

Cloudbeds

JANUARY 10, 2025

Upsell and cross-sell. While some metasearch engines allow hotels to work with them directly, managing rates and availability on multiple channels can be time-consuming and prone to errors. This can lead to double bookings, overbookings , and missed booking opportunities. Selecting the right partners is another essential step.

Cost Per Click 52

Cost Per Click Market Marketing OTA 52

Xotels

APRIL 3, 2024

Guest & Market Segmentation Hotel market segmentation is an important component of effective revenue management, allowing hotels to target diverse consumer groups based on their behaviours and budget levels. Mapping out these questions out in your strategy will help to set realistic goals.

Revenue Management 40

Revenue Management Revenue Management Ancillary Revenue 40