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Channel Management System - Reforming the hotel industry

We have experienced that in our day-to-day life, we all seek for a place to stay if weu2019re travelling somewhere out. As the owner of the hotel business, there is a question on how to find those travellers who are looking to stay at your hotel or somewhere else based on their choice. Worrying about how to connect with them, increase reservations and get bookings for your hotels? Donu2019t worry, the answer to your question is the Channel Management System.<br>

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Channel Management System - Reforming the hotel industry

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  1. Channel Management System - Reforming the hotel industry We have experienced that in our day-to-day life, we all seek for a place to stay if we’re travelling somewhere out. As the owner of the hotel business, there is a question on how to find those travellers who are looking to stay at your hotel or somewhere else based on their choice. Worrying about how to connect with them, increase reservations and get bookings for your hotels?​ Don’t worry, the answer to your question is the Channel Management System. The hotel industry is so much benefitted by the Channel management system because they manage online distribution channels that boost the sale of your hotel inventory to different travel agents around the world.

  2. Travel agents include online travel agents (OTAs), retail travel agents, Meta Search Engines (or aggregators) and Global Distribution Systems (GDS) as well. A channel manager helps in the processing of data by enabling access to live rates and real-time availability of your inventory and eliminates the risk of overbooking. As a hotel owner, you should be investing in the best channel manager across you who facilitates the latest, industry-leading features to future-proof your hotel business and that helps in delivering a good ROI (return on investment). Top features of CMS that have revolutionized the hotel industry The hotel industry is getting revolutionized due to the usage of the Channel Management System as they possess several features mentioned. Both ways integration Two-way integration of your various online booking channels and your hotel’s channel manager are vital to ensure accurate, up-to-date information is displayed automatically on all networks. As a hotel owner, you should look for a channel manager that enables you to see live availability to automatically upload from your Property Management System (PMS) or Central Reservation System (CRS) and to receive bookings from all your online channels. Real-time availability of inventory

  3. The main motive of hiring a channel manager is to eliminate the risk of overbooking of hotel inventory as the system should reflect availability which is quite important for the users and business as well. As a business owner, you should get hands-on a system which enables automated updating of inventories after a booking is made on the site, whether that be your own website or third-party booking websites. Multiple Connectivity Partners The more the channels your hotel get access to a lot of markets. It will help in getting high visibility of your inventory. This can reform your business and allows to maximise booking potential, limits overbooking of the hotel inventory across the globe. Channel management system enables to deliver multiple connectivity partners as well as the world’s leading OTAs(online travel agents), accessing Meta Search Engines (MTEs) and GDS (global distribution system) channels. Room Pooling In simple words, room pooling is allowing all the OTAs and the booking agents to access all of your room inventory at the same time so that you don’t miss on any of the bookings. Lack of an effective channel management system, you might face issues on how to split your inventory and assign a number of rooms to each OTA solely. Integrating with booking system

  4. The Channel management system acts as a parenting tool that looks over most of the operations happening on a hotel reservation system. Having such a variety, you needn’t invest in a separate application that might be very costly. We at TravQ, facilitate our clients with integrating a channel management system to their business so that they could drive more traffic towards their business. You all have got my point by now, a Channel Management System manages each and everything that goes along with the working of the reservation system of different hotels around the globe. Of course! It’s the best tool that every hotel owner should introduce to their business. TravQ​ has been at the front line of the channel management for the hotel industries over the years. If truth be told, our industry-driving services that have been structured not exclusively to incorporate the majority of the highlights we have discussed here. However, a lot more which can be included according to customers prerequisite. We attempt to facilitate the channel management system as indicated by the necessities of our customers without upsetting their values and beliefs.

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