Remove Ancillary Revenue Remove Branding Remove Market Share
article thumbnail

Building customer relevance to grow market share

Boutique Hotel News

Remaining relevant to guests is key, and those that don’t are at risk of losing market share. Understanding who you are attracting and where the opportunities are is essential before embarking on a brand relevance exercise. . The post Building customer relevance to grow market share appeared first on Boutique Hotel News.

article thumbnail

International gains spark Wyndham’s Q3 RevPAR growth

Hotel Business

“Our teams around the world once again delivered exceptional results, executing our long-term growth strategy and achieving 7% growth in comparable adjusted EBITDA fueled by continued system expansion, higher royalty rates and growth in our ancillary revenues,” said Geoff Ballotti, president/CEO. “We Diluted earnings per share was $1.29

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Hotel Revenue Management Strategies

Xotels

Collaboration with other departments The Future: Total Revenue Management What is Revenue Management? Without a solid revenue management strategy, a hotel will just get lost in the pile of other hotels – being unable to reach satisfactory visibility and level of business to remain open.

article thumbnail

Strategies to Manage Hotel Revenue & Increase Profit

Hotelogix

Optimizing ancillary revenue streams: To diversify your revenue sources, consider enhancing offerings in food and beverage, spa services, and event hosting. Increasing your Hotel's Market Share Growing your market share requires strategic marketing and distribution efforts.

Revenue 52
article thumbnail

Wyndham board rejects Choice’s exchange offer

Hotel Business

provider of hotel franchise services in the chainscales that serve middle-income guests—economy and midscale—with more than 55% market share in each, resulting in significant uncertainty as to whether the FTC or courts would ever clear the transaction. Choice’s offer would create the largest U.S. trillion Infrastructure bill.

article thumbnail

Top Revenue Management Strategies for Hotels

Xotels

Collaboration with other departments The Future: Total Revenue Management What is Revenue Management? Without a solid revenue management strategy, a hotel will just get lost in the pile of other hotels being unable to reach satisfactory visibility and level of business to remain open.

article thumbnail

What is Hotel Revenue Management?

Xotels

Revenue Strategies & Tactics Market Segmentation Hotel Pricing Strategies Forecasting & Budgeting Properly How to Distribute Effectively? The extra revenue and control over availability this provides is an essential technique at the disposal of revenue managers. Protect YOUR Brand!