An allotment is a set number of hotel rooms reserved for a third party, like a tour operator, travel agency, or corporate partner, for a specific period and price. The third party can sell these rooms to its customers until a release date, after which unsold rooms return to the hotel's inventory.
Allotments help hotels to secure bookings for specific periods of the year, especially during high or low-demand seasons. They make it easier for people to book groups and packages by checking availability and enabling more accurate revenue forecasting.
The PMS tracks contracted allotment rooms, meaning that rooms are released automatically and rates can be managed effectively. The front office and revenue teams check how many rooms have been booked and compare this with the number of rooms that have been promised.
Managing your bookings well stops you from overbooking and makes the most of the rooms you have. The PMS and channel manager are connected so that when rooms become available, the system is updated immediately.
