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What is a hotel overbooking strategy? +4 ways to avoid overbookings

Cloudbeds

Overbookings can be stressful for the front desk and the guest, but you can manage them with ease if you have a proper plan in place. While for some hoteliers it’s best to avoid overbookings altogether, for others, a good strategy can increase revenue, improve the occupancy rate and mitigate losses. How could this happen?

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STS Cloud and Cloudbeds Unveil Powerful Integration to Transform Hotel Group Sales and Event Operations

Hospitality Net

SalesAndCatering.com and Cloudbeds have announced a two-way integration that will empower hotels, resorts, and conference centers to optimize hotel group sales and event management.

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7 tips to make your overbooking strategy a success in 2024

STAAH

Overbooking can be a cost-effective strategy if implemented correctly. What is a hotel overbooking strategy? The hotel overbooking strategy is a revenue management technique that hotels use to maximise occupancy and revenue. Tips to make your overbooking strategy a success 1) Be data-driven in your approach.

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Grow Your Hotel’s Profits with These Winning Revenue Management Practices

Hospitality Net

Spillage, spoilage, and overbooking can destroy your bottom line. Common hotel revenue sinkers include selling inventory too soon and too low - spillage - or not selling enough during high demand, leaving you with last-minute discounts. Discover how to avoid them and grow your revenue.

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How To Avoid Overbooking In the Hotel Industry

Inn Quest

Overbooking is a common problem in the hospitality industry, causing major issues for both – hoteliers and guests. Striking the perfect balance between fully booked rooms and avoiding overbooking can be a challenging task. This is why our guide discusses how to avoid overbooking in hotels. Why Do Hotel Overbookings Happen?

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Podcast - Oversell Strategy

Hospitality Net

This episode equips you with best practices for setting oversell limits, managing operational expectations, and balancing the risks and rewards of overbooking, ensuring you can maintain high occupancy rates without compromising customer satisfaction.

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Transform your hotel’s revenue in two years or less with this guide to revenue management

eHotelier

Managing a profitable hotel requires a careful eye on your inventory. However, spoilage, overbooking, and overselling can also wreck your profits. You don’t want to sell your rooms too early at reduced rates because such spillage can drain your revenue.

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