Tag: cancellations
Forecasting Hotel Reservation Cancellations With Machine Learning
Forecasting the demand of hotel reservations is a key piece of setting strategic pricing and establishing inventory allocation practices. Managers can optimize overbooking limits,...
Pulse Report: Cancellations Soar, Conversion Rates Reach an All-Time Low
Duetto’s latest Pulse Report, which tracked data from November 16-29, shows poor web traffic conversion and sky-high cancellations for the United States as Nevada,...
Prepayment Rewards Curb Last-Minute Cancellations
Many hotel companies, such as Hilton Worldwide and Marriott International, have been testing the waters on stricter cancellation policies to discourage last-minute booking changes....
Trends Affecting Attrition and Cancellation Revenue
Historically, if a guest notified a hotel that he would not be checking in at 6 p.m. on the day of arrival, that was...