In the context of hotel distribution, "inventory" refers to the total number of available rooms or accommodations that a hotel has to sell to guests. It encompasses all types of rooms, such as standard, deluxe, suites, etc., across different room categories and dates. Managing inventory involves ensuring that rooms are available for sale through various distribution channels, such as the hotel's website, online travel agencies (OTAs), and global distribution systems (GDS). It's crucial for hotels to optimise their inventory to maximise revenue and occupancy rates.
What is hotel inventory management?
Hotel inventory management involves overseeing the availability and distribution of rooms across different channels to maximise occupancy and revenue.
How do hotels manage their inventory?
Hotels manage their inventory by utilising technology such as property management systems (PMS), channel managers, and revenue management software to monitor room availability, adjust pricing strategies, and allocate inventory effectively across various distribution channels.