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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. Risk Management Strategies: Hotels should have well-defined protocols to handle overbooking situations effectively.

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Despite Improved 2024 Outlook, Labor, and Other Risks May Drag Restaurants Down

Modern Restaurant Management

Even though cooling inflation is a positive, it’s still running ahead of the Federal Reserve’s 2 percent target and has not yet resulted in relief on costs. restaurant industry will continue to shake off the aftereffects of the pandemic in 2024, but that doesn’t mean the challenges that remain are easily dispelled.

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A comprehensive overview of job positions within a hotel

SiteMinder

This can include making restaurant reservations, arranging transport and providing information about the local area. Reservation agent. A reservation agent is similar to a concierge but their duties are limited to making reservations for guests. Hotel management job positions. Spa manager. Night auditor.

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Hotel meeting room: Rates strategy to boost revenue

SiteMinder

For example, a conference on risk management could attract the top Fortune 500 companies to attend, exposing your hotel to these companies. Event planners have a lot to think about, aside from just choosing your facility to host their meeting and reserve rooms at.

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How to create a business plan for a hotel

Les Roches

Hotel operations Operating a hotel involves meticulous coordination, starting from managing room reservations to supervising staff members. Risk management Risk management is essential in any sector, including the hospitality industry. They must be practical, cost-effective, and streamlined.

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How to Forecast Hotel Revenue with Optimized Precision

Xotels Hotel Revenue Management

At XOTELS , it has been a while since we covered this topic on our hotel management blog, so I thought it would be good to have another look at forecasting in hotels. With reservation lead time changing in key markets we operate in, it is becoming more challenging to forecast accurately. Financial forecasting. On-the-book (OTB) data.

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Cyber Security in the Hospitality Industry

SiteMinder

Recognising and investing in cybersecurity measures is not just about risk management; it’s about upholding your establishment’s reputation and providing a safe, seamless experience for every guest. Malware is perhaps the most common and most dangerous online security threat thanks to its diversity.