Little Hotelier

OCTOBER 17, 2023

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. Sell perks or ancillaries Instead of closing the door on special requests, put aside some options that you can charge extra money for. A good example is early check-in or late check-out.

Revenue 100

Revenue Hotels OTA Ancillary Revenue 100

Hotel Business

MARCH 7, 2023

In Europe, we are also closely watching high energy costs, at least partially as a result of the war in Ukraine. high fuel costs have led to increased airline ticket prices, and we have seen an impact on long-haul travel—which at least partially, has been off by domestic or close-to-home travel spending. As in the U.S.,

Consumer 52

Consumer Ancillary Revenue Revenue Management Revenue 52

Xotels

APRIL 3, 2024

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.

Revenue Management 40

Revenue Management Revenue Management Ancillary Revenue 40

Amadeus Hospitality

OCTOBER 19, 2023

The resort closed for refurbishment, as did the majority of hotels on the island. As we continue to grow, we have confidence in Amadeus, the leading name in travel technology, to provide us with ongoing support.” In 2017 , Hurricane Maria devastated Puerto Rico’s infrastructure.

Resorts 55

Resorts Branding Ancillary Revenue Revenue 55

Hotel Business

DECEMBER 18, 2023

Wyndham expects to benefit from ancillary revenue growth including new credit card products, new strategic marketing partnerships and other monetization opportunities. Since completing its spin-off in 2018, Wyndham’s multiple has expanded and continues to close the gap to its peer set average, which currently stands at 15.7

Ancillary Revenue 59

Ancillary Revenue Business Closing Branding 59

Hotelier Magazine

JANUARY 24, 2024

“Loyalty programs need to respond to this growing desire among consumers for a more personalized experience or risk becoming irrelevant,” says Danielle Brown, Chief Marketing Officer at Montreal-based Plusgrade, a provider of ancillary revenue solutions for the global travel industry.

Ancillary Revenue 59

Ancillary Revenue Hotels Consumer Business 59

Travelboom Marketing

NOVEMBER 7, 2023

Budget for specific campaigns that will help you meet your goals, and track your efforts closely. Other tools such as push messaging and food and beverage integration give properties the power to significantly increase their ancillary revenue. Properties should consider budgeting for this in 2024 as a capital investment.

Hotel Marketing 96

Hotel Marketing Market Marketing OTA 96

Travelboom Marketing

SEPTEMBER 1, 2023

Independent hoteliers and other small management groups should pay close attention to the competition and work to engage potential guests – or risk leaving money on the table. Revenue Maximization: With any direct booking, a hotel will have the potential to drive both primary and ancillary revenue during and after the booking.

Hotels 52

Hotels Upsell Ancillary Revenue Travel 52

Xotels

JULY 26, 2024

Practical Tips for Yield Management Know Your Demand: Keep a close eye on your booking patterns. Beyond the Room: Ancillary Revenue Stream Last but not least, let’s dive into a side of hotel revenue that often gets overlooked but can be a serious game-changer for your bottom line: ancillary revenue streams.

Yield Management 59

Yield Management Upsell Hotels Ancillary Revenue 59

Boutique Hotel News

NOVEMBER 15, 2022

With the decline of corporate travel, an increase in demand for staycations, some markets still closed to travel, and a volatile economic climate, your customer segments will likely have shifted, and in some cases disappeared, over the last 24 months.

Market Share 52

Market Share Market Marketing Consumer 52

Xotels

JULY 26, 2024

Practical Tips for Yield Management Know Your Demand: Keep a close eye on your booking patterns. Beyond the Room: Ancillary Revenue Stream Last but not least, let’s dive into a side of hotel revenue that often gets overlooked but can be a serious game-changer for your bottom line: ancillary revenue streams.

Yield Management 52

Yield Management Upsell Revenue Hotels 52

Xotels

JULY 26, 2024

Practical Tips for Yield Management Know Your Demand: Keep a close eye on your booking patterns. Beyond the Room: Ancillary Revenue Stream Last but not least, let’s dive into a side of hotel revenue that often gets overlooked but can be a serious game-changer for your bottom line: ancillary revenue streams.

Yield Management 52

Yield Management Upsell Revenue Hotels 52

Boutique Hotel News

DECEMBER 20, 2022

A recent Knight Frank report supports this idea, revealing that ancillary revenues have increased in 2022 with the contribution to total revenue rising by 1.5 Armchair travel” – coined at a time when international borders closed during the pandemic – has amplified the role of video content. percentage points.

Travel 124

Travel Hotels Branding Consumer 124

SiteMinder

AUGUST 18, 2022

Factors include: Proximity – Hotels that are in close geographic proximity to yours, even if they offer a slightly different experience, can be considered competitors. You can then try to generate extra revenue from upsells, extras, and other ancillary revenue. Tips on creating the perfect hotel competition report.

Hotels 52

Hotels Revenue Ancillary Revenue OTA 52

SiteMinder

NOVEMBER 22, 2023

They’ll be playing close attention to all parts of your hotel. If this is satisfying for the guest, they’ll be more likely to spend and you can earn ancillary revenue. Guests may share details and photos of their trip all the way through, but especially as it draws to a close and after they’ve left.

Hotels 100

Hotels Travel OTA Revenue 100

SiteMinder

AUGUST 1, 2024

Revenue and pricing Now we’re onto the good bit! Here’s where you’ll project your hotel’s revenue streams , including room revenue, food and beverage sales, and other ancillary revenue sources.

Business 95

Business Revenue Hotels Occupancy 95

Hotel Speak

MAY 9, 2023

In addition, examining income streams is a great way to assist hoteliers in identifying opportunities to generate more revenue, such as where and when to implement strategies to drive ancillary revenue. Aspects such as taking seasonality into account can help project possibilities to avoid excessive food waste or energy use.

Hotels 59

Hotels Upsell Revenue Marketing 59

Hotel Operations

MARCH 15, 2023

Theory is closely related to another core aspect of innovation that AI isn’t great at: insights. If you look outside to an industry like gaming, you’ll be inspired to create a better in-journey experience, provide microtransactions of content and experiences that create a better guest stay and will drive more ancillary revenue for you.

Hospitality 59

Hospitality Hotels Operations Revenue 59

Xotels

SEPTEMBER 22, 2022

Still, your human staff can go a long way to redirect guests to your direct channels , upsell and increase your overall ancillary revenue. Hofstede’s PDI is lower in organizations where executives work closely with subordinates and higher in places with a strong hierarchy. Continuous training is, therefore, crucial.

Hotel Marketing 40

Hotel Marketing Market Marketing OTA 40