A channel manager is a tool that permits you to automatically synchronize inventory across all your distribution channels.
Thus you get one centralized platform and can easily manage all your channels. and there's no need to update your available rooms and rates manually on each and every channel. Here’s how you can benefit from using a hostel channel manager.
Avoid Overbooking
Most of the hostel owners feel an immediate sensation of unease when the word “overbooking” comes up. By using a channel manager you can greatly reduce the chance of overbooking.
Save Time
Without a channel manager, you need to login to all the different extranets one by one and update your inventory. If there is only one room across two channels, that might not be a big issue.
More Bookings & Revenue
This might sound illogical but is actually a reality: using a channel manager can help you get more bookings, i.e.revenue, in various ways. Due to the huge time consumption to manage availability and rates manually, many innkeepers limit themselves to only a few channels. However, the more enhanced your visibility is online, the likelihood of receiving bookings increases – indirectly as well as directly!
A Channel Manager manages your hotel’s inventory in a centralized way from a single extranet. Thus you may use your time for more strategic and productive tasks.
With one click from your PMS, you can update inventory and rates across OTAs. And reservations made on any OTA will show on your PMS in real-time, confirming that there is no discrepancy on availability of rooms on various channels.
For More Information : https://www.frontdeskmaster.io/channel-manager/