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Hotel Overbooking: Balancing Risks and Guest Satisfaction

Revenue Hub

Hotel overbooking is a common practice in the hospitality industry, where hotels accept more reservations than the actual number of available rooms. NB: This is an article from Agilysys While overbooking allows hotels to maximize revenue and occupancy rates, it can also lead to challenges and potential guest dissatisfaction.

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Hotel Reservation System: Their Significance and Impact on Your Business

Hotelogix

A hotel reservation system is far more than a booking tool. It's a comprehensive solution that empowers your hotel to optimize operations, deliver exceptional guest experiences, and thrive in a competitive industry.  This streamlined process enhances guest satisfaction and encourages more bookings.

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Attribute Based Pricing: Grow Revenue and Improve Guest Satisfaction

Revenue Hub

Essentially, a rate structure represents the various prices you offer guests according to the attributes they most value. Your rate structure takes into account various elements including room types, meal plans, cancellation policies, and booking restrictions.

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Key Work Areas and Features of Hotel Management Software Small Hotel Owners Need to Access

Hotelogix

  Reservation management: This feature allows you to manage all your reservations from a single dashboard. You can see which rooms are available, which are booked, and which guests are checking in and out. You can also cancel or modify reservations based on guests' requirements here. 

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CRM for Hotels: 6 Benefits to Unlock Group Sales Success

Revenue Hub

This information includes personal details, preferences, booking history, and communication logs, enabling you to deliver personalized experiences, increase guest satisfaction, and drive loyalty. You’ll be able to capture necessary information from leads to create robust contact and account profiles.

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Study identifies most important factors in guest AI acceptance

Hotel Business

For instance, it is important for hotels to be accountable and transparent about data privacy and security to ensure AI is used ethically and responsibly.” boost to GDP) accounting for 70% of the total global impact. And now, based on what it knows about you, the AI has already made a dinner reservation for you.”

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Managing a large hotel? You need cloud-based hotel management software.

Hotelogix

Operating a large independent hotel with 200+ rooms, 4-5 in-house restaurants, a couple of gyms, spas, and gift shops is multifaceted, where precision, efficiency, and guest satisfaction are paramount. This orchestration minimizes human error and ensures smooth operational flows.