Explanation of overbooked nouns

overbooking refers to accepting reservations that exceed the number of rooms available in a hotel, and the ratio of the number of rooms overbooked to the number of rooms available is the overbooking rate. In order to make the room occupancy rate as close as possible to 1%, general hotel managers accept overbooking. Extended information

Guest room is the main product of the hotel, which accounts for a considerable proportion of the hotel's operating income. As a special commodity of bai, the value of guest room is non-storable and non-transferable, so the sale of guest room is the key to whether the hotel can improve its economic benefits.

In order to attract more customers and improve competitiveness, one way hotels take is to overbook. However, overbooking should be limited to a certain extent, so as to avoid the loss of hotel economic benefits due to over-overbooking, which will lead to the decline of the hotel's social reputation, or insufficient overbooking, which will make some rooms idle.