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Prepaid rate with insurance
Revenue management
A prepaid hotel rate with insurance is an advanced booking option that allows guests to secure their stay by paying in advance. This type of rate offers the advantage of guaranteeing room availability, even during periods of high demand, and provides additional protection by allowing cancellation under certain conditions. For hotels, these rates help them better forecast and manage occupancy, reducing the financial uncertainty associated with unexpected cancellations. This translates into more efficient demand management and better operational planning to deliver a more predictable and satisfying guest experience.
Advantages
Increase in Direct Bookings: Increase direct bookings on the hotel website.
Reduced Dependence on OTAs: Reduces dependence on online travel agencies.
Better Rate Management: Allows for more flexible and competitive rate management.
Higher Profitability: Lower commissions compared to OTAs.
Guest Experience Control: Offer a personalized and straightforward booking experience.
Accurate Analytics: Provides detailed data to optimize marketing strategies.
Special Promotions: Facilitates the promotion of special offers and packages directly.
Customer Loyalty: Improve loyalty by establishing direct relationships with guests.
Transaction Security: Ensures data security during the booking process.
Features
Real-Time Availability Calendar: Display updated room availability.
Intuitive Booking Process: Easy-to-use interface for quick and easy booking.
Rate and Promotion Management: Ability to adjust rates and offer special promotions.
Cross-Platform Compatibility: Works on mobile devices, tablets, and desktop computers.
Data Security: Ensures the security and privacy of guest information.
Integration with Secure Payment: Facilitates secure and reliable payments directly on the platform.
Instant Confirmation: Immediate confirmation of the reservation to the guest.
Offer Personalization: Allows you to offer personalized options such as special packages.
Integration with the Hotel PMS: Automatic synchronization with the hotel management system.
Data Analysis and Reporting: Provides detailed analysis of booking performance.
