Inn Quest

SEPTEMBER 5, 2023

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. This prevents overbooking and rate disparities, enhancing the guest experience.

Management 87

Management Overbooking Revenue Hotels 87

SiteMinder

JUNE 26, 2024

Competitive advantage: In a dynamic industry like travel, being able to adapt pricing quickly can give hotels a significant edge over competitors. business travelers, families) and tailor their pricing and promotions accordingly. This ensures rate consistency and prevents overbooking.

Revenue 72

Revenue Revenue Management Upsell Global Distribution System 72

STAAH

OCTOBER 3, 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. There are many channel managers on the market. Some are suited to small properties while others are robust enough to handle even large chains.

Accommodation 86

Accommodation Management Global Distribution System OTA 86

eZee Absolute

OCTOBER 24, 2024

Guests expect consistency and ease, whether they’re booking on a hotel’s website or through an online travel agency. By nailing distribution, hotels can build loyalty, drive repeat business, and stay ahead in the game. The scalability of cloud-based distribution solutions is a significant advantage.

Hotels 52

Hotels Revenue Management Overbooking Revenue 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. Properties still relying on phone or form bookings are losing revenue, especially amongst younger travelers who are less likely to reach out directly to the hotel.

Upsell 52

Upsell Overbooking Hotels OTA 52

Little Hotelier

OCTOBER 30, 2024

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.

OTA 52

OTA Motels Upsell Overbooking 52

Hotelogix

OCTOBER 24, 2024

A Central Reservation System (CRS)  helps hotels manage room availability, pricing, and bookings from different channels. These channels include Online Travel Agencies (OTAs) like Booking.com, direct bookings through the hotel’s website, and Global Distribution Systems (GDS).

OTA 52

OTA Revenue Hotels Global Distribution System 52

eZee Absolute

FEBRUARY 27, 2024

They sought a solution that not only increased visibility on Online Travel Agencies (OTAs) and Global Distribution Systems (GDS) platforms but also sold the rooms at the best price and managed their inventories seamlessly.

Overbooking 52

Overbooking Global Distribution System Hotels Management 52

Cloudbeds

FEBRUARY 28, 2024

When travelers make a hotel reservation, they expect a seamless experience , or they may decide to stay elsewhere. For hotels, meeting this expectation means moving away from manual processes and investing in booking software that allows travelers to book a room when they want on the channel of their choice. Generate more revenue.

Revenue Management 98

Revenue Management Revenue Hotels Operations 98

eZee Absolute

DECEMBER 11, 2023

A hotel channel manager is a software that allows hotels like yours to manage their online inventory and rates across multiple booking channels, such as online travel agencies (OTAs), global distribution systems (GDSs), and your website as well. Some cater to specific markets, while others have a global reach.

Management 59

Management OTA Overbooking Global Distribution System 59

SiteMinder

OCTOBER 23, 2023

First and foremost it will help you simultaneously distribute your rooms across online travel agents, travel agents, tourist centres, and anyone else who books rooms on behalf of guests. Its primary function is to ensure real-time updates across these channels, preventing overbookings and rate discrepancies.

Management 59

Management Global Distribution System Hotels Overbooking 59

Hotel Speak

JULY 24, 2024

Effective hotel distribution strategies enable hotels to target the right audience, optimise occupancy rates, and enhance revenue management. Hotels have worked with third parties such as airlines, travel agents, online travel agents (OTAs) and the Global Distribution System (GDS) for decades.

OTA 79

OTA Hotels Revenue Revenue Management 79

Cloudbeds

APRIL 2, 2024

The number of booking channels lodging businesses must manage has expanded exponentially, from their website to online travel agencies , bed banks, GDS’, and metasearch engines. The most effective distribution strategies in the hospitality industry are dynamic. The property’s payment system.

Revenue Management 52

Revenue Management Occupancy Revenue Hotels 52

SiteMinder

MARCH 16, 2023

Given the fact most hotels have a diverse distribution network with a wide range of agents, this can be an extremely difficult task. With a hotel reservation system in place, all live rates and availability are automatically updated by the software.

Overbooking 52

Overbooking Hotels Accommodation Global Distribution System 52

Cloudbeds

JULY 15, 2023

For growing hospitality businesses, a channel manager is a fundamental part of successful revenue management and distribution strategy. After all, travelers can’t book a property they don’t find! Channel Management is the process of actively managing the distribution of rates and availability onto multiple online distribution sites.

Management 76

Management OTA Cancellation Overbooking 76

Hotelogix

OCTOBER 18, 2023

Ensures Real-time Availability A reservation system provides accurate, up-to-date information about room availability. This prevents overbookings, eliminates misunderstandings, and ensures that guests receive precise information when making reservations. This attention to detail contributes to guest loyalty and positive reviews.

Business 40

Business Global Distribution System Cancellation Hotels 40