Remove Events Remove Global Distribution System Remove Overbooking
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Effective Hotel Sales Strategies to Increase Revenue

Hotelogix

Read also: Guide on Customer Retention in Hotel Industry Encourage Group Bookings: Offer discounts or packages for weddings, business events, or group travel bookings. For example, you can charge higher rates when demand is high, like during peak seasons or local events, and lower rates when your hotel has empty rooms.

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A Concise Guide to Hotel Inventory Management

Inn Quest

Effective hotel inventory management relies on technology solutions like Property Management System s (PMS), Channel Managers, and Revenue Management Systems (RMS) to automate tasks, analyze data and make informed decisions. Meeting and Event Spaces: Many hotels have conference rooms, banquet halls and event spaces.

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Revenue optimization: Full guide for hotels

SiteMinder

While revenue management is more focused on a hotel’s pricing and availability to maximize revenue, revenue optimization takes a broader approach to include a full range of revenue sources that includes food and beverage, spa services, events, classes, and other ancillary revenues. This ensures rate consistency and prevents overbooking.

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Apollo GDS: What do hotels need to know?

SiteMinder

Apollo is a global distribution system (GDS) vendor which allows travel agents to access and book inventory from hotels, airlines, car hires, and more. The simple SiteMinder GDS user experience reduces the risk of overbooking and simplifies reservation management for hotels. What is Apollo? Who owns Apollo GDS?

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What is a Hotel Channel Manager? A Comprehensive Guide

Inn Quest

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. This is where a hotel channel manager comes into play.

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PMS integration: Beginners guide for small properties

Little Hotelier

Look for a system that automates key operations like updating room availability, managing bookings, and processing payments. This will save you from the hassle of manual updates and reduce the risk of overbookings or missed payments. Streamlined operations.

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What is a hotel reservation system and why is it important?

Cloudbeds

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.