Today's Revenue Management thought:-

Overbooked - is there anything we can do ?

We can start by calculating the optimal overbooking number for each day based on history of no shows, history of wash, wash by segment vs. segmentation on the books, and most importantly, based on the volume of arrivals.

Once determined, we can set a price we would accept reservations for - even if we are overbooking.

So…. Yes Basil Fawlty…. there is something you can do…. if you truly understand your numbers.

Have a profitable week.

✌🏼