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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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How Hotel Reception Staff Influence Revenue Management

Catala Consulting

Revenue management is a crucial aspect of the hospitality industry, focusing on maximizing income through strategic pricing, inventory control, and demand forecasting. This blog post explores how hotel reception staff influence revenue management and why their role is pivotal in the overall financial health of a hotel.

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Resort Management Challenges. Manage a Resort Efficiently

Hotelogix

While you create unique experiences for your guests, managing daily operations is crucial to ensure smooth functioning and profitability. Below are the key tips for efficiently managing your resort property using modern management systems. Absence or delay in the orders can result in major discrepancies in the folios.

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What is Yield Management: Guide for Hotels

SiteMinder

What is Yield Management? Yield management is a pricing and revenue management strategy that is used to maximise business performance. For hotels, the ultimate aim of yield management is to increase revenue by leveraging the balance between supply (available rooms) and demand (guest bookings).

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Hotel Operations Management- Best Practices, SOPs & Trends

Hotelogix

What Is Hotel Operations Management? Cost Management: Efficient operations help hotels control their expenses. Managing this area well is essential for creating a positive first impression. Importance of Upselling: Training staff to suggest additional menu items can enhance the dining experience and boost revenue.

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Hotel Revenue Management Strategies

Xotels

We have written extensively about hotel revenue management strategies and tactics here throughout the years. As strategy is one of the most essential parts of revenue management, we have made a summary of all the top advice from our perspective as a hotel revenue management consulting company.

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Ramada by Wyndham – Ahmedabad unlocks its online bookings potential with STAAH

STAAH

The Indian hotel no longer struggles with the aftermath of manual inventory and rate management, including overbookings and loss of staff efficiency. This activity was time-consuming for the team and opened the door to issues such as unintentional overbooking or lost revenue due to delayed rate updates.