7 Steps to Build a Reliable and Stress-Free Hotel Forecast
Stop guessing your demand. Learn the simple 7-step guide to hotel forecasting to build reliable budgets, optimize your pricing, and take control of your revenue.
Selecting the right booking engine is crucial for maximizing direct bookings and revenue.
A well-chosen system eliminates third-party commissions, strengthens guest relationships, and provides better profit margins.
Here are 10 essential considerations to guide your decision.
Key features to look out for in a booking system are easy integration with your website, Channel Manager (CM) and/or Property Management Software (PMS), mobile-friendliness, secure payment processing, efficient room inventory management, pricing management, and comprehensive reporting and analytics capabilities.
Assess your current technology infrastructure before selecting a booking engine. Consider your existing PMS, channel manager, payment systems, and CRM tools. The ideal booking engine should integrate seamlessly without requiring complete system overhauls or causing operational disruptions.
It is crucial to ensure that your booking system is mobile-friendly. With smartphones dominating travel research and bookings, your engine must display perfectly on all devices. Look for responsive design, fast loading times, and intuitive mobile navigation.
Your website, which serves as the digital 'face' of your hotel, should be both attractive and modern, and critically, fast. Studies indicate that every additional second of page load time beyond two seconds can cause a 4.42% drop in conversion rates.
Your hotel booking system can also be leveraged to automate significant pre-arrival tasks, such as sending confirmation emails and marketing content. Look for engines that offer automated confirmation emails, pre-arrival communications, and upselling opportunities throughout the guest journey.
Choose systems that minimize booking steps, offer guest account creation, and provide clear pricing transparency to reduce abandonment rates.
Compare different pricing models including flat monthly fees, per-booking commissions, or hybrid structures. Calculate the total cost of ownership including setup fees, transaction costs, and additional feature charges. Consider your booking volume and average daily rate when evaluating which model offers the best value.
Select a booking engine that provides real-time inventory updates across all channels to prevent overbookings. The system should automatically sync availability with your PMS and channel manager, ensuring accurate room availability regardless of where bookings originate.
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Look for PCI DSS compliance, SSL encryption, and secure payment gateways that support multiple payment methods. Your booking engine should protect guest data and offer flexible payment options including credit cards, digital wallets, and alternative payment methods popular in your target markets.
Choose a system that provides detailed booking analytics, conversion tracking, and revenue reporting. Advanced reporting capabilities should include source attribution, guest behavior analysis, and performance metrics that help optimize your direct booking strategy.
Instilling a culture of adaptability among your staff can make a significant difference, and working with experienced hotel consultants can provide valuable guidance and support.
Assess the vendor's support structure, training programs, and onboarding process. Look for 24/7 support, comprehensive documentation, and regular system updates.
Select a booking engine that can grow with your property. Consider whether the system can handle increased booking volumes, support multiple properties, and adapt to changing business needs. Evaluate upgrade paths and additional features that may become necessary as your business expands.
Enhance your online presence, understand the intricacies of your booking system, and maintain consistency across different platforms for a unified customer experience. Look for A/B testing capabilities, conversion optimization tools, and user experience features that maximize booking completion rates.
With 15+ years of experience in supporting hoteliers in optimizing their operations and launching innovative hotels around the world, Benjamin Verot (a.
HotelMinder brings value to hoteliers through a Knowledge Hub, a Technology Marketplace and one-to-one hotel management consulting services. With our 50+ years of combined expertise, we provide actionable solutions to critical business challenges, while establishing a relationship based on trust, engagement and mutual benefit. We help hotels meet and exceed their business goals through an in-depth analysis of consumer insights, business requirements and opportunities.
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