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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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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.

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Late bookings: Guide to last minute bookings for hotels

SiteMinder

There are several drawbacks to this approach… Preventing last minute overbookings Firstly, you may overbook your rooms. By synchronising room availability across all distribution channels, you eliminate the risk of overbooking. With your room now double-booked, you have to upgrade your guests or turn them away completely.

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How Hotel Reception Staff Influence Revenue Management

Catala Consulting

Upselling and Cross-Selling Opportunities Effective Upselling Techniques Reception staff are in a prime position to upsell additional services and room upgrades. Training reception staff in upselling techniques is crucial for maximizing these opportunities.

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Want to increase your hotel’s revenue? Focus on guest experience

STAAH

These communications become a fantastic opportunity to upsell your services. Equally, for guests booking via other online channels, making sure your information, availability and rates are accurate is important to avoid overbookings that definitely leave a negative experience for guests. #4 2 Allow perosnalisation. 4 Smooth check-in.

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Revenue optimization: Full guide for hotels

SiteMinder

Upselling and cross-selling: Upselling encourages guests to upgrade their room or add amenities like breakfast or parking. This ensures rate consistency and prevents overbooking. Package deals: Create bundled packages that combine your room rate with other services like spa treatments, meals, or activities.

Revenue 72
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Grün Resorts Bali relies on SiteMinder to support rapid growth

SiteMinder

The switch to SiteMinder was driven by the need for quick integration and to avoid overbookings as the number of rooms, and volume of reservations, increased. In addition, inventory is managed automatically in real-time, meaning the risk of overbookings is significantly reduced. For Grün Ubud, the booking engine is essential, with M.

Resorts 52