Today's Revenue Management thought:-
Adapting Hotel Demand Forecasting in a Changing Landscape.
The Dilemma of Overbooking.
One common practice in revenue management is overbooking, a calculated gamble that assumes some guests will cancel their reservations.
While it can boost revenue, overbooking comes with risks. Guest dissatisfaction due to being denied their booked accommodations can tarnish your hotel's reputation.
Have a profitable week !
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