What is Channel Management?
Channel management is the process of managing online distribution channels in order to sell hotel inventory to various agents across the globe. Nobeds understands the importance of this, and for this reason offers a free channel management system. It is a way to effectively reach a global audience without risking overbooking. It is definitely highly advantageous to your hotel or apartment business if you get a free channel management system.
Channel management allows you to partner with large agents, such as OTAs, as well as smaller retail agents in different markets.
Using a pooled inventory model means that you’re selling as many rooms as possible – through as many channels as possible – without the risk of overbooking.
Your inventory is updated automatically across all of your channels, so that guests have accurate information no matter where they are booking from.
The benefits of a Channel Manager
Your channel manager allows you to maximize your bookings and increase your revenue.
By giving a diverse range of agents the ability to sell your rooms, you will be able to sell all of your available inventory at any given moment. This is the most reliable way to continue to increase your revenue over time.
Your channel manager allows you to connect with markets that can be challenging to reach.
Different agents work with different types of travelers. By using a channel manager, you can partner with a wide variety of agents and begin introducing your property to travelers from every corner of the world.
What to look for in a Channel Manager
You don’t want to invest in just any channel manager. You need one suited to your small accommodation needs.
Make sure you consider these two often overlooked items:
Number of channels. The more OTAs your channel manager connects you to, the more markets you can tap into. Make sure there’s no additional fee based on how many channels you use.
Support and training. Invest in a channel manager that will have support staff available in order to help you navigate the system and connect with the maximum amount of agents.
Solid reporting. A good channel manager will allow you to easily track and measure which online sales channels are working. This gives you the knowledge you need to negotiate commissions and end partnerships that aren’t working for you.
Generating income for your hotel and to-lease apartments has become easier as you can now connect to an unlimited amount of clients around the world. Travelers and tourists can now find your hotel from anywhere in the world, without you having to pay for marketing; all it takes is for your hotel/apartment business to be a channel management system. Nobed.com is a free channel management system that helps you increase your hotel bookings and makes certain that all your hotel rooms and apartments are occupied. Despite being a free channel management system, it offers so many attractive benefits.