Remove Accommodation Remove Ancillary Revenue Remove Upsell
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Strategies for Ancillary Revenue Success in Hotels

eZee Absolute

Well, here’s a trick called “ancillary revenue.” To put it in simple words, ancillary revenue or additional revenue is like a bonus income that hotels can earn from things besides just renting rooms. That’s exactly what ancillary revenue is all about.

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7 Hotel Revenue Management Trends & Innovations of 2024

STAAH

By combining information from different sources, revenue managers can visualize the entire customer journey, customizing pricing and promotions for different channels and groups. Ancillary Revenue Management Pricing In addition to room revenue, ancillary revenue streams play a crucial role in boosting overall profitability.

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Report: Independent hotels see record-breaking occupancy

Hotel Business

The data covers key hotel performance indicators such as occupancy, RevPAR, booking lead time, length of stay, international and domestic travel, direct and OTA bookings, as well as upsell performance to forecast trends shaping the hotel industry in 2023. Hotels are generating better revenue. Domestic tourism is still going strong.

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Hotel Revenue Management Strategies

Xotels

Collaboration with other departments The Future: Total Revenue Management What is Revenue Management? For example, highlight amenities (bar, restaurant, spa, pool), and leverage packages (romantic, weekend, spa offer), to both expose why bookers should stay at your hotel, and generate ancillary revenue by promoting those offerings.

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Global hotel tech leader SiteMinder expands hotel commerce platform with acquisition of GuestJoy

SiteMinder

GuestJoy will further expand SiteMinder’s robust hotel commerce offering, allowing hoteliers to automate and digitise their guest communication, drive upsell revenues, and strengthen direct guest acquisition. GuestJoy has been a SiteMinder partner since 2017, with customers across the UK and Europe.

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Hotel profit margin: Guide to hotel profitability

SiteMinder

Hotel profit margin is defined by the percentage of a hotel’s revenue remaining after subtracting all business expenses, including staff costs, maintenance, and marketing. With the revenue of the hotel market projected to have reached US$426.40bn by this year worldwide, it’s important to know how you can maximise your share.

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How to increase hotel revenue: 15 tips for small hotels

Little Hotelier

So let’s look at some of the best ways you can make the above strategies work… 15 best ways to increase hotel revenue 1. You can also upsell food and beverage offers or create them as part of a package. Increase the popularity of your food and beverage offers Offer deals including set menus for breakfast or dinner.

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